← Bain Capital Specialty Finance, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and Cash Equivalents, at Carrying Value | $87.4m | $30.2m | $43.0m | $51.6m | $23.1m | |
| Restricted cash and cash equivalents | $86.2m | $66.0m | $63.1m | $45.5m | $32.7m | |
| Interest receivable on investments | $19.3m | $34.3m | $37.2m | $39.2m | $38.0m | |
| Receivable for sales and paydowns of investments | — | $18.2m | $4.3m | $37.8m | $28.9m | |
| Prepaid insurance | $193k | $194k | $210k | $197k | $489k | |
| Dividend receivable | $18.4m | $13.7m | $9.4m | $5.7m | $5.4m | |
| Cash Equivalents | $30.0m | $29.6m | $6.4m | $2.0m | — | |
| Prepaid Assets | — | $194k | $210k | $197k | $489k | |
| Receivables | — | $66.1m | $50.9m | $82.7m | $72.2m | |
| Additional Financial Items | ||||||
| Investments at fair value | $2.3b | $2.4b | $2.3b | $2.4b | $2.5b | |
| Foreign cash (cost of $2,477 and $2,640, respectively) | — | $29.6m | $6.4m | $2.0m | $3.2m | |
| Collateral on derivatives | $2.8m | $9.6m | $7.6m | $9.8m | $11.0m | |
| Deferred financing costs | $2.2m | $3.7m | $2.8m | $4.6m | $3.5m | |
| Interest rate swap | — | — | — | $0 | $8.0m | |
| Unrealized appreciation on forward currency exchange contracts | $5.3m | $62k | $0 | $4.7m | $0 | |
| Debt (net of unamortized debt issuance costs of $10,110 and $4,929, respectively) | $1.4b | $1.4b | $1.3b | $1.4b | $1.5b | |
| Interest payable | $7.1m | $12.1m | $13.3m | $13.9m | $12.4m | |
| Payable for investments purchased | — | $34.3m | $11.5m | $29.5m | $2.1m | |
| Collateral payable on derivatives | — | $9.6m | $7.6m | $0 | $12.9m | |
| Unrealized depreciation on forward currency exchange contracts | — | $0 | $2.3m | $1.2m | $9.1m | |
| Base management fee payable | $8.8m | $8.9m | $8.9m | $9.2m | $9.4m | |
| Incentive fee payable | — | $9.2m | $7.3m | $4.7m | $5.9m | |
| Distributions payable | — | $23.2m | $27.1m | $29.1m | $9.7m | |
| Cash Financial | — | $59.8m | $49.4m | $53.5m | $26.2m | |
| Derivative Product Liabilities | — | $0 | $2.3m | $1.2m | $9.1m | |
| Invested Capital | — | $2.5b | $2.4b | $2.5b | $2.6b | |
| Investmentin Financial Assets | — | $2.4b | $2.3b | $2.4b | $2.5b | |
| Investments And Advances | — | $2.4b | $2.3b | $2.4b | $2.5b | |
| Net Debt | — | $1.3b | $1.2b | $1.3b | $1.4b | |
| Net Tangible Assets | — | $1.1b | $1.1b | $1.1b | $1.1b | |
| Ordinary Shares Number | — | $64.6m | $64.6m | $64.6m | $64.9m | |
| Other Payable | — | $18.1m | $16.3m | $13.9m | $28.2m | |
| Share Issued | — | $64.6m | $64.6m | $64.6m | $64.9m | |
| Tangible Book Value | — | $1.1b | $1.1b | $1.1b | $1.1b | |
| Total distributable loss | — | ($52.1m) | ($32.0m) | ($19.9m) | ($43.8m) | |
| Total Net Assets | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | — | $2.4b | $2.3b | $2.4b | $2.5b | |
| Total Capitalization | — | $2.5b | $2.4b | $2.5b | $2.6b | |
| Total Debt | — | $1.4b | $1.3b | $1.4b | $1.5b | |
| Assets | $2.6b | $2.6b | $2.5b | $2.6b | $2.7b | |
| LIABILITIES AND EQUITY | ||||||
| Accounts payable and accrued expenses | $6.1m | $3.0m | $9.6m | $14.8m | $12.9m | |
| Accounts Payable | — | $72.6m | $61.4m | $87.2m | $37.1m | |
| Long-term Debt | $1.4b | $1.4b | $1.3b | $1.4b | $1.5b | |
| Long Term Debt And Capital Lease Obligation | — | $1.4b | $1.3b | $1.4b | $1.5b | |
| Liabilities | $1.5b | $1.5b | $1.3b | $1.5b | $1.5b | |
| Stockholders’ equity: | ||||||
| Common Stock, Value, Issued | $65k | $65k | $65k | $65k | $65k | |
| Additional Paid in Capital | $1.2b | $1.2b | $1.2b | $1.2b | $1.2b | |
| Retained Earnings (Accumulated Deficit) | — | ($52.1m) | ($32.0m) | ($19.9m) | ($43.8m) | |
| Common stock, par value $0.001 per share, 100,000,000,000 and 100,000,000,000 shares authorized, 64,868,507 and 64,562,265 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 17 | 17 | 18 | 18 | 17 | |
| Paid in capital in excess of par value | $1.2b | $1.2b | $1.2b | $1.2b | $1.2b | |
| Capital Stock | — | $65k | $65k | $65k | $65k | |
| Stockholders' Equity Attributable to Parent | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Total Equity Gross Minority Interest | — | $1.1b | $1.1b | $1.1b | $1.1b | |
| Liabilities and Equity | $2.6b | $2.6b | $2.5b | $2.6b | $2.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.