Q4 25 EPS
$0.40
MISS 0.10%
Est. $0.40
Q4 25 Revenue
$54.5M
MISS 0.93%
Est. $55.0M
vs S&P Since Q4 25
-20.1%
TRAILING MARKET
SLRC -11.1% vs S&P +8.9%
Full Year 2025 Results
FY 25 EPS
$1.59
MISS 0.50%
Est. $1.60
FY 25 Revenue
$218.5M
MISS 0.10%
Est. $218.8M
Market Reaction
Did SLRC Beat Earnings? Q4 2025 Results
SLR Investment Corp. Delivered a largely in-line but slightly soft fourth quarter for fiscal 2025, with net investment income of $0.40 per share falling just 0.10% short of the $0.40 consensus estimate, while reported revenue of $54.46 million traile… Read more SLR Investment Corp. Delivered a largely in-line but slightly soft fourth quarter for fiscal 2025, with net investment income of $0.40 per share falling just 0.10% short of the $0.40 consensus estimate, while reported revenue of $54.46 million trailed analyst expectations by a wide margin, though the year-over-year revenue gain of 33.8% underscored the firm's longer-term growth trajectory. The modest shortfall was principally tied to a smaller average income-producing portfolio and lower index rates throughout the year, dynamics that also pushed full-year net investment income to $1.59 per share from $1.77 per share in fiscal 2024. On the credit quality front, the picture remained exceptionally clean, with the $3.30 billion Comprehensive Investment Portfolio sitting at 100% performing and carrying virtually no non-accrual exposure, a distinction management pointed to amid broader industry scrutiny over private credit's software sector concentrations. With over $850 million in available capital and a leverage ratio of 1.14x net debt-to-equity, management signaled it is positioned to deploy capital opportunistically in 2026, continuing its deliberate pivot toward direct asset-based lending backed by high-quality current assets.
Key Takeaways
- • Stability in both NII and NAV per share generating 10.1% return on equity
- • Shift to direct asset-based lending investments supported by high-quality current assets as collateral
- • 100% performing portfolio with no investments on non-accrual
- • Diversification across approximately 880 issuers in 110 industries
- • 97.8% of Comprehensive Investment Portfolio in senior secured loans
- • Only ~2% exposure to software companies
- • Payment-in-kind from amendments represented only ~2% of total Q4 investment income
SLRC YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
SLRC Revenue by Segment
With YoY comparisons, source: SEC Filings
“SLRC's fourth-quarter results solidified a strong year for the Company despite challenging conditions in the private credit industry. The stability in both NII and NAV per share in the fourth quarter generated a 10.1% return on equity and showcased another quarter of broad resilience in our portfolio, steady portfolio growth, and a continuation of a shift to direct asset based-lending investments that are supported primarily by high quality current assets as collateral and an expectation for attractive risk-adjusted returns.”
— Michael Gross, Q4 2025 Earnings Press Release
SLRC Earnings Trends
SLRC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SLRC EPS Trend
Earnings per share: estimate vs actual
SLRC Revenue Trend
Quarterly revenue: estimate vs actual
SLRC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.40 | $0.33 | -17.29% | $49.3M | -8.75% |
| Q4 25 MISS FY | $0.40 | $0.40 | -0.10% | $54.5M | -0.93% |
| FY Full Year | $1.60 | $1.59 | -0.50% | $218.5M | -0.10% |
| Q3 25 MISS | $0.41 | $0.40 | -2.91% | $57.0M | +1.22% |
| Q2 25 MISS | $0.40 | $0.40 | -0.77% | $53.9M | +1.29% |
| Q1 25 MISS | $0.41 | $0.41 | -0.12% | $53.2M | -0.47% |