Prospect Capital ( (PSEC) ) has released its Q3 earnings. Here is a breakdown of the information Prospect Capital presented to its investors.
Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses, aiming to generate both current income and long-term capital appreciation through debt and equity investments.
In its latest earnings report for the fiscal quarter ending March 31, 2025, Prospect Capital Corporation announced a net investment income of $83.5 million, a slight decrease from the previous quarter. The company also reported a net loss applicable to common shareholders of $171.3 million, a significant drop compared to a net income of $113.9 million in the same quarter last year.
Key financial metrics revealed a decrease in net asset value per common share to $7.25 from $7.84 in the previous quarter. The company’s total assets stood at approximately $7 billion, while total liabilities were reported at around $2.1 billion. Prospect Capital’s investment strategy focused on first lien senior secured loans, with a notable investment in Taos Footwear Holdings, LLC, and a reduction in its subordinated structured notes portfolio.
Looking ahead, Prospect Capital Corporation remains committed to optimizing its business through strategic asset rotation and enhancing portfolio company performance. The management’s focus on core business areas and prudent financial management is expected to guide the company through future market conditions.