Prospect Capital Announces September 2026 Results and $200 Million Common Share Repurchase Program
Key Highlights
- ➤Net investment income $76.4 million; NII per share held at $0.15
- ➤Net loss $53.4 million; loss per share widened to $0.10
- ➤NAV per common share fell to $5.36 from $5.71
- ➤Board authorized up to $200 million in common share repurchases
- ➤Debt principal reduced $341.4 million, or 18%, during the quarter
Expert Statements
John Barry, Chairman and Chief Executive Officer of Prospect Capital Corporation
“Prospect is actively assessing and implementing the best use cases for artificial intelligence and automation within our critical business processes, in our investment processes and operations and in portfolio company operations”
John Barry, Chairman and Chief Executive Officer of Prospect Capital Corporation
“AI is the most transformational game changer to come along in a generation, and we expect profit enhancing results within our businesses.”
John Barry, Chairman and Chief Executive Officer of Prospect Capital Corporation
“Prospect has a long history of innovation and first to market accomplishments, including in the business development company industry. Our welcome of AI and automation is consistent with our history of innovation.”
NEW YORK, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30, 2026.
All amounts in $000’s except per share amounts (on weighted average basis for period numbers)Quarter EndedQuarter EndedQuarter Ended September 30, 2026June 30, 2026September 30, 2025 Net Investment Income (“NII”)$76,359$77,692$79,350 NII per Common Share$0.15$0.15$0.17 Interest as % of Total Investment Income87.4%90.1%96.7% Net Income (Loss) Applicable to Common Shareholders$(53,448)$(38,091)$48,087 Net Income (Loss) per Common Share$(0.10)$(0.08)$0.10 Distributions to Common Shareholders$55,256$57,988$62,393 Distributions per Common Share$0.105$0.115$0.135 Cumulative Paid and Declared Distributions to Common Shareholders ((1))$4,869,192$4,809,658$4,633,799 Cumulative Paid and Declared Distributions per Common Share ((1))$22.24$22.14$21.79 Total Assets$6,038,758$6,448,627$6,641,870 Total Liabilities$1,612,574$1,945,331$2,012,561 Perpetual Preferred Stock$1,551,095$1,574,450$1,624,519 Net Asset Value (“NAV”) to Common Shareholders$2,875,089$2,928,846$3,004,790 NAV per Common Share$5.36$5.71$6.45 Balance Sheet Cash + Undrawn Revolving Credit Facility Commitments$1,872,364$1,602,744$1,524,462 Net of Cash Debt to Total Assets25.0%28.6%28.2% Net of Cash Debt to Total Equity Ratio ((2))33.9%40.7%39.9% Net of Cash Asset Coverage of Debt Ratio ((2))395%345%350% Interest Coverage ((3))375%366%339% Unsecured Debt + Perpetual Preferred Equity as % of Total Debt + Perpetual Preferred Equity90.7%83.7%80.8% Unsecured and Non-Recourse Debt as % of Total Debt100.0%100.0%100.0%
Get started
Create a free account to read the full story.