Income Statement FS Specialty Lending Fund

Stocks

FSSL

US6443231070

Corporate Financial Services

Market Closed - NYSE Other stock markets 16:00:03 2026-07-17 EDT			5-day change	1st Jan Change
10.91 ^USD	-0.82%		-2.33%	-22.84%

07-08	FS Specialty Lending Fund Declares Monthly Distribution for July 2026, Payable on July 31, 2026	CI
06-08	FS Specialty Lending Fund announces Monthly dividend, payable on June 30, 2026	CI

92d33fae.R-9cq4zScEr1rLNdzK3JH6y2rSnjxx81bJDWjTLScFg.JZUV3b-BGHOB-NhkgZ-oSe3Mn1C5g1hHIuqb0lGUE2w2gASftYtDIo-B-g

Published financial data: FS SPECIALTY LENDING FUND

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.52M	11.93M	3.66M	5.93M	5.54M
Interest And Invest. Income (Rev)	148M	173M	154M	217M	193M
Total Revenues	151M	185M	158M	223M	199M
Gross Profit	151M	185M	158M	223M	199M
Selling General & Admin Expenses, Total	53.33M	57.13M	50.08M	50.4M	57.85M
Other Operating Expenses, Total	53.33M	57.13M	50.08M	50.4M	57.85M
Operating Income	97.38M	128M	108M	173M	141M
Interest Expense, Total	-54.12M	-55.72M	-23.7M	-35.89M	-33.01M
Net Interest Expenses	-54.12M	-55.72M	-23.7M	-35.89M	-33.01M
Currency Exchange Gains (Loss)	-40K	-247K	-87K	-31K	-866K
Other Non Operating Income (Expenses)	-	-3.48M	1.75M	9.66M	158K
EBT, Excl. Unusual Items	43.22M	68.39M	85.6M	146M	107M
Gain (Loss) On Sale Of Investments	163M	119M	-204M	-49.16M	-51.59M
Other Unusual Items	-	-929K	-	-	-
EBT, Incl. Unusual Items	206M	187M	-119M	97.27M	55.64M
Income Tax Expense	-	2.35M	2.58M	2.23M	-
Earnings From Continuing Operations	206M	185M	-121M	95.04M	55.64M
Net Income to Company	206M	185M	-121M	95.04M	55.64M
Net Income - (IS)	206M	185M	-121M	95.04M	55.64M
Net Income to Common Incl Extra Items	206M	185M	-121M	95.04M	55.64M
Net Income to Common Excl. Extra Items	206M	185M	-121M	95.04M	55.64M
Per Share Items
Net EPS - Basic	2.78	2.46	-1.6	1.25	0.73
Basic EPS - Continuing Operations	2.78	2.46	-1.6	1.25	0.73
Basic Weighted Average Shares Outstanding	73.96M	74.9M	75.74M	75.92M	75.92M
Net EPS - Diluted	2.78	2.46	-1.6	1.25	0.73
Diluted EPS - Continuing Operations	2.78	2.46	-1.6	1.25	0.73
Diluted Weighted Average Shares Outstanding	73.96M	74.9M	75.74M	75.92M	75.92M
Normalized Basic EPS	0.37	0.57	0.71	1.21	0.88
Normalized Diluted EPS	0.37	0.57	0.71	1.21	0.88
Dividend Per Share	0.72	0.72	1.14	2.02	0.42
Payout Ratio	15.51	17.84	-46.47	154.72	377.53
Supplemental Items
EBITA	97.38M	128M	108M	173M	141M
EBIT	97.38M	128M	108M	173M	141M
Total Revenues (As Reported)	151M	185M	158M	223M	199M
Effective Tax Rate - (Ratio)	-	1.26	-2.18	2.29	-
Normalized Net Income	27.01M	42.74M	53.5M	91.52M	67.02M
Interest on Long-Term Debt	54.12M	55.72M	-	35.89M	33.01M
Supplemental Operating Expense Items
General and Administrative Expenses	53.33M	57.13M	50.08M	50.4M	57.85M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	33.88M	482M	486M	202M	142M
Total Cash And Short Term Investments	33.88M	482M	486M	202M	142M
Accounts Receivable, Total	31.22M	29.83M	43.31M	48.61M	35.46M
Total Receivables	31.22M	29.83M	43.31M	48.61M	35.46M
Prepaid Expenses	156K	96K	254K	112K	511K
Restricted Cash	-	-	6.7M	36.94M	1.08M
Other Current Assets, Total	-	83K	36K	843K	5.9M
Total Current Assets	65.25M	512M	536M	289M	185M
Long-term Investments	2.4B	2.05B	1.52B	1.84B	1.75B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	2.46B	2.56B	2.06B	2.13B	1.93B
Liabilities
Accounts Payable, Total	49.5M	-	61.6M	82.7M	16.71M
Accrued Expenses, Total	28.2M	30.66M	13.47M	13.7M	19.38M
Short-term Borrowings	-	-	394M	497M	514M
Other Current Liabilities	13.39M	14.27M	28M	34.86M	644K
Total Current Liabilities	91.08M	44.92M	498M	628M	551M
Long-Term Debt	767M	760M	-	-	-
Total Liabilities	858M	805M	498M	628M	551M
Common Stock, Total	446K	451K	456K	456K	76K
Additional Paid In Capital	3.13B	3.19B	3.19B	3.13B	3.07B
Retained Earnings	-1.53B	-1.44B	-1.62B	-1.63B	-1.69B
Total Common Equity	1.6B	1.75B	1.56B	1.5B	1.38B
Total Equity	1.6B	1.75B	1.56B	1.5B	1.38B
Total Liabilities And Equity	2.46B	2.56B	2.06B	2.13B	1.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	74.59M	75.46M	75.92M	75.92M	75.92M
ECS Total Common Shares Outstanding	74.35M	75.24M	75.92M	75.92M	75.92M
Book Value / Share	21.55	23.31	20.58	19.8	18.22
Tangible Book Value	1.6B	1.75B	1.56B	1.5B	1.38B
Tangible Book Value Per Share	21.55	23.31	20.58	19.8	18.22
Total Debt	767M	760M	394M	497M	514M
Net Debt	733M	278M	-91.62M	294M	372M
Account Code - Inventory Valuation	3	3	-	3	3

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	206M	185M	-121M	95.04M	55.64M
Amortization of Deferred Charges, Total - (CF)	7.82M	6.1M	3.41M	2.08M	2.12M
(Gain) Loss From Sale Of Asset	-4.03M	-2.06M	-	-4.05M	-6.92M
(Gain) Loss on Sale of Investments - (CF)	-170M	-124M	177M	65.66M	47.21M
Other Operating Activities, Total	-39.92M	475M	346M	-381M	53.98M
Change In Accounts Receivable	3.18M	1.38M	-13.48M	-5.3M	13.15M
Change In Accounts Payable	49.5M	-49.5M	61.6M	21.1M	-65.99M
Change in Other Net Operating Assets	769K	2.46M	-17.06M	-92K	5.52M
Cash from Operations	53.4M	494M	437M	-207M	105M
Long-Term Debt Issued, Total	141M	79.43M	400M	100M	170M
Total Debt Issued	141M	79.43M	400M	100M	170M
Long-Term Debt Repaid, Total	-225M	-41.92M	-763M	-	-150M
Total Debt Repaid	-225M	-41.92M	-763M	-	-150M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-31.93M	-32.92M	-56.31M	-147M	-210M
Common & Preferred Stock Dividends Paid	-31.93M	-32.92M	-56.31M	-147M	-210M
Other Financing Activities, Total	-46.49M	-50.56M	-6.34M	-	-4.54M
Cash from Financing	-162M	-45.98M	-425M	-47.05M	-195M
Net Change in Cash	-109M	448M	11.1M	-254M	-89.89M
Supplemental Items
Cash Interest Paid	46.36M	50.42M	-	34.05M	30.81M
Cash Income Tax Paid (Refund)	-	404K	-	-	-
Levered Free Cash Flow	88.51M	6.37M	93.73M	79.57M	18.62M
Unlevered Free Cash Flow	115M	35.1M	105M	99.92M	37.13M
Change In Net Working Capital	-53.65M	44.8M	-37.85M	8M	50.97M
Net Debt Issued / Repaid	-83.64M	37.5M	-363M	100M	20M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.53	3.18	2.91	5.15	4.33
Return on Total Capital	2.6	3.27	3.01	5.46	4.52
Return On Equity %	13.58	11	-7.31	6.2	3.85
Return on Common Equity	13.58	11	-7.31	6.2	3.85
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	35.38	30.89	31.75	22.59	29.1
EBITA Margin %	64.62	69.11	68.25	77.41	70.9
EBIT Margin %	64.62	69.11	68.25	77.41	70.9
Income From Continuing Operations Margin %	136.61	99.75	-76.83	42.6	27.99
Net Income Margin %	136.61	99.75	-76.83	42.6	27.99
Net Avail. For Common Margin %	136.61	99.75	-76.83	42.6	27.99
Normalized Net Income Margin	17.92	23.11	33.92	41.02	33.71
Levered Free Cash Flow Margin	58.73	3.45	59.43	35.67	9.36
Unlevered Free Cash Flow Margin	75.98	18.98	66.65	44.79	18.68
Asset Turnover
Asset Turnover	0.06	0.07	0.07	0.11	0.1
Receivables Turnover (Average Receivables)	0.08	0.39	0.1	0.13	0.13
Short Term Liquidity
Current Ratio	0.72	11.39	1.08	0.46	0.34
Quick Ratio	0.71	11.39	1.06	0.4	0.32
Operating Cash Flow to Current Liabilities	0.59	10.99	0.88	-0.33	0.19
Days Sales Outstanding (Average Receivables)	4.76K	934.06	3.65K	2.84K	2.77K
Long Term Solvency
Total Debt/Equity	47.87	43.34	25.25	33.02	37.16
Total Debt / Total Capital	32.37	30.24	20.16	24.83	27.09
LT Debt/Equity	47.87	43.34	-	-	-
Long-Term Debt / Total Capital	32.37	30.24	-	-	-
Total Liabilities / Total Assets	34.88	31.46	24.16	29.46	28.48
EBIT / Interest Expense	1.8	2.29	4.54	4.81	4.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-32.09	22.73	-14.73	41.45	-10.89
Gross Profit, 1 Yr. Growth %	-32.09	22.73	-14.73	41.45	-10.89
EBITA, 1 Yr. Growth %	-38.19	31.28	-15.8	60.43	-18.38
EBIT, 1 Yr. Growth %	-38.19	31.28	-15.8	60.43	-18.38
Earnings From Cont. Operations, 1 Yr. Growth %	-123.53	-10.38	-165.68	-178.43	-41.46
Net Income, 1 Yr. Growth %	-123.53	-10.38	-165.68	-178.43	-41.46
Normalized Net Income, 1 Yr. Growth %	-55.05	58.25	25.17	71.05	-26.77
Diluted EPS Before Extra, 1 Yr. Growth %	-123.21	-11.5	-164.95	-178.24	-41.46
Accounts Receivable, 1 Yr. Growth %	-9.24	-4.44	45.19	12.22	-27.04
Total Assets, 1 Yr. Growth %	4.32	4	-19.51	3.48	-9.24
Tangible Book Value, 1 Yr. Growth %	12.16	9.45	-10.93	-3.75	-7.99
Common Equity, 1 Yr. Growth %	12.16	9.45	-10.93	-3.75	-7.99
Cash From Operations, 1 Yr. Growth %	-86.62	824.63	-11.59	-147.35	-150.66
Levered Free Cash Flow, 1 Yr. Growth %	216.77	-92.8	1.37K	-15.11	-76.6
Unlevered Free Cash Flow, 1 Yr. Growth %	70.01	-69.35	199.5	-4.95	-62.84
Dividend Per Share, 1 Yr. Growth %	-30.76	0	57.67	78.28	-79.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-35.82	-8.71	2.3	9.82	12.27
Gross Profit, 2 Yr. CAGR %	-35.82	-8.71	2.3	9.82	12.27
EBITA, 2 Yr. CAGR %	-42.07	-9.92	5.14	16.23	14.43
EBIT, 2 Yr. CAGR %	-42.07	-9.92	5.14	16.23	14.43
Earnings From Cont. Operations, 2 Yr. CAGR %	135.49	-54.08	-23.28	-28.23	-32.24
Net Income, 2 Yr. CAGR %	135.49	-54.08	-23.28	-28.23	-32.24
Normalized Net Income, 2 Yr. CAGR %	-52.82	-15.66	40.74	46.32	11.92
Diluted EPS Before Extra, 2 Yr. CAGR %	133.74	-54.68	-24.18	-28.71	-32.32
Accounts Receivable, 2 Yr. CAGR %	-4.51	-6.87	17.79	27.65	-9.52
Total Assets, 2 Yr. CAGR %	-18.17	4.16	-8.51	-8.74	-3.09
Tangible Book Value, 2 Yr. CAGR %	-17.94	10.8	-1.26	-7.41	-5.89
Common Equity, 2 Yr. CAGR %	-17.94	10.8	-1.26	-7.41	-5.89
Cash From Operations, 2 Yr. CAGR %	-45.44	11.22	185.91	-35.3	-51.02
Levered Free Cash Flow, 2 Yr. CAGR %	-7.97	-52.24	2.91	253.34	-55.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	-13.66	-27.81	-4.18	68.72	-40.57
Dividend Per Share, 2 Yr. CAGR %	-51.01	-16.79	25.57	67.66	-39.17
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-23.3	-20.34	-10.76	13.97	2.43
Gross Profit, 3 Yr. CAGR %	-23.3	-20.34	-10.76	13.97	2.43
EBITA, 3 Yr. CAGR %	-27.15	-23.91	-11.92	21.04	3.31
EBIT, 3 Yr. CAGR %	-27.15	-23.91	-11.92	21.04	3.31
Earnings From Cont. Operations, 3 Yr. CAGR %	50.54	70.66	-48.26	-22.71	-32.94
Net Income, 3 Yr. CAGR %	50.54	70.66	-48.26	-22.71	-32.94
Normalized Net Income, 3 Yr. CAGR %	-40.59	-29.37	-3.8	50.19	16.17
Diluted EPS Before Extra, 3 Yr. CAGR %	50	69.09	-48.9	-23.38	-33.24
Accounts Receivable, 3 Yr. CAGR %	-14.14	-4.49	7.99	15.91	5.93
Total Assets, 3 Yr. CAGR %	-14.19	-11.37	-4.42	-4.68	-8.91
Tangible Book Value, 3 Yr. CAGR %	-15.42	-9.67	3.02	-2.1	-7.6
Common Equity, 3 Yr. CAGR %	-15.42	-9.67	3.02	-2.1	-7.6
Cash From Operations, 3 Yr. CAGR %	-42.26	40.15	3.02	57.01	-40.37
Levered Free Cash Flow, 3 Yr. CAGR %	-20.52	-60.64	49.7	-3.49	42.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	-18.78	-38.86	16	-4.44	1.89
Dividend Per Share, 3 Yr. CAGR %	-37.86	-37.86	2.97	41.13	-16.45
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-16.43	-15.08	-13.93	-9.42	-2.18
Gross Profit, 5 Yr. CAGR %	-16.43	-15.08	-13.93	-9.42	-2.18
EBITA, 5 Yr. CAGR %	-18.38	-17.57	-15.64	-9.86	-2.2
EBIT, 5 Yr. CAGR %	-18.38	-17.57	-15.64	-9.86	-2.2
Earnings From Cont. Operations, 5 Yr. CAGR %	-22.84	10.31	14.96	20.69	-42.36
Net Income, 5 Yr. CAGR %	-22.84	10.31	14.96	20.69	-42.36
Normalized Net Income, 5 Yr. CAGR %	-28.52	-24.92	-16.11	-5.48	2.21
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.09	9.97	14.17	19.7	-42.82
Accounts Receivable, 5 Yr. CAGR %	-3.79	-24	-2.56	7.26	0.61
Total Assets, 5 Yr. CAGR %	-10.43	-9.93	-11.96	-10.32	-3.89
Tangible Book Value, 5 Yr. CAGR %	-13.71	-9.98	-10.02	-8.77	-0.64
Common Equity, 5 Yr. CAGR %	-13.71	-9.98	-10.02	-8.77	-0.64
Cash From Operations, 5 Yr. CAGR %	-6.07	20.13	9.48	2.87	-23.48
Levered Free Cash Flow, 5 Yr. CAGR %	-12.89	-48.87	-11.87	-5.3	-7.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.23	-30.05	-13.23	-8.24	-11.23
Dividend Per Share, 5 Yr. CAGR %	-29.89	-29.89	-17.66	-7.57	-16.58