Oxford Square Capital Corp. Earnings Recaps
Q2 2026
Aug 2, 2026
Oxford Square Capital shares rose 7.6% following a sequential improvement in net investment income and a substantial reduction in unrealized losses, reflecting investor approval of stabilized credit conditions and the firm’s focused CLO equity purchases.
Key takeaways
- Net investment income increased to approximately $5.1 million ($0.05 per share) from $4.1 million in the prior quarter.
- Total investment income rose modestly to $9.4 million from $8.9 million quarter-over-quarter.
- Combined unrealized and realized losses narrowed sharply to $1.1 million ($0.01 per share) from $29.7 million ($0.34 per share) in Q1.
- Investment activity centered exclusively on CLO equity tranches with cash-on-cash and forward yield in the low 20% range.
- The net asset value per share declined slightly to $1.29 from $1.32, and no new NII per share improvement guidance was given amid continued distributions exceeding NII.
Q3 2025
Nov 5, 2025
Oxford Square Capital Corp reported a slight increase in net investment income for Q3 2025, alongside a decline in net asset value per share, impacted by significant losses on investments.
Key takeaways
- Net investment income rose to $5.6 million ($0.07 per share) vs. $5.5 million ($0.08 per share) in the previous quarter.
- Total investment income increased to approximately $10.2 million, up from $9.5 million in Q2 2025.
- Combined net unrealized and realized losses reached $7.5 million, a significant increase compared to $1.1 million in the prior quarter.
- The company issued approximately 5.4 million new shares for $11.8 million in net proceeds and $74.8 million in unsecured notes.
- Monthly distributions of $0.035 per share were declared for the first three months of 2026, indicating ongoing shareholder returns.