← Bain Capital Specialty Finance, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Operating Revenue | — | — | $116.5m |
$138.0m
+18.44%
|
$138.2m
+0.14%
|
$114.5m
-17.14%
|
$88.7m
-22.56%
|
|
| Net Interest Income | — | — | $114.0m |
$148.5m
+30.35%
|
$147.6m
-0.67%
|
$131.2m
-11.05%
|
$128.4m
-2.14%
|
|
| Other General and Administrative Expense | $5.4m | $5.0m | $5.8m | $8.0m | $10.1m | $8.4m | — | |
| General And Administrative Expense | — | — | $9.4m | $11.3m | $14.3m | $12.0m | $11.5m | |
| Other Operating Expenses | — | ($4.5m) | $747k | — | — | — | — | |
| Interest Expense | $63.3m | $51.3m | $52.3m | $80.0m | $74.7m | $80.6m | $81.9m | |
| Interest and debt financing expenses | $63.3m | $51.3m | $52.3m | $80.0m | $74.7m | $80.6m | — | |
| Interest Income Operating Paid In Kind | — | — | — | — | — | $33.9m | $210.4m | |
| Interest Income | — | — | $166.3m | $228.6m | $222.2m | $211.8m | $210.4m | |
| Investment Income Operating After Expense And Tax | — | — | — | $141.6m | $134.7m | $121.6m | — | |
| Net Investment Income | $86.1m | $87.9m | $103.5m | $145.0m | $139.2m | $125.3m | — | |
| Total investment income | $194.5m | $197.4m | $219.5m | $297.8m | $292.7m | $273.2m | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | ($28.0m) | $16.0m | ($10.7m) | $29.5m | ($12.3m) | $21.6m | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $130k | ($3.5m) | $5.3m | ($5.1m) | ($320k) | $761k | — | |
| Net realized gain (loss) | ($33.8m) | $21.2m | ($3.1m) | ($43.9m) | ($10.4m) | ($28.2m) | — | |
| Net realized gain (loss) on foreign currency transactions | $130k | ($3.5m) | $5.3m | ($5.1m) | ($320k) | $761k | — | |
| Net realized gain (loss) on forward currency exchange contracts | $6.5m | ($23.8m) | $20.9m | ($407k) | $2.3m | ($5.8m) | — | |
| Gain On Sale Of Security | — | — | $17.8m | ($44.3m) | ($8.1m) | ($34.0m) | ($20.3m) | |
| Total net gain (loss) | — | — | $2.8m | ($18.2m) | ($15.3m) | ($22.8m) | — | |
| Other income | $2.2m | $6.2m | $15.1m | $10.6m | $18.6m | $9.9m | — | |
| Pre-Tax Income | — | — | $106.3m | $126.7m | $123.9m | $102.5m | $77.2m | |
| Income tax expense, including excise tax | — | — | $837k | $3.4m | $4.5m | $3.8m | $3.6m | |
| Income Tax Expense (Benefit) | — | — | $0 | $0 | $0 | — | $3.6m | |
| Net Income From Continuing And Discontinued Operation | $8.3m | $119.8m | $105.5m | $123.4m | $119.4m | $98.8m | $73.6m | |
| Earnings Per Share, Basic | $0.14 | $1.86 | $1.63 | $1.91 | $1.85 | $1.53 | $1.14 | |
| Earnings Per Share, Diluted | $0.14 | $1.86 | $1.63 | $1.91 | $1.85 | $1.53 | $1.14 | |
| Weighted Average Number of Shares Outstanding, Basic | 58.7m | 64.6m | 64.6m | 64.6m | 64.6m | 64.8m | 64.9m | |
| Basic Average Shares | 58.7m | 64.6m | $64.6m | $64.6m | $64.6m | $64.8m | $64.9m | |
| Diluted Average Shares | 58.7m | 64.6m | $64.6m | $64.6m | $64.6m | $64.8m | $64.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | 58.7m | 64.6m | 64.6m | 64.6m | 64.6m | 64.8m | 64.9m | |
| Additional Financial Items | ||||||||
| Investment Company, Contractual Fee Waived | — | $4.8m | — | — | — | — | — | |
| Realized Investment Gains (Losses) | ($33.8m) | $21.2m | ($3.1m) | ($43.9m) | ($10.4m) | ($28.2m) | — | |
| Interest from investments | — | — | $166.3m | $228.6m | $222.2m | $211.8m | — | |
| Dividend income | — | — | $23.1m | $35.8m | $28.7m | $22.3m | $22.3m | |
| PIK income | — | — | $15.0m | $22.8m | $23.1m | $29.3m | — | |
| Base management fee | $35.2m | $34.9m | $34.7m | $36.1m | $35.6m | $37.2m | — | |
| Incentive fee | $4.5m | $24.0m | $19.6m | $25.5m | $28.9m | $18.1m | — | |
| Professional fees | $2.6m | $2.9m | $3.0m | $2.6m | $3.5m | $2.9m | — | |
| Directors fees | $726k | $725k | $707k | $716k | $695k | $720k | — | |
| Net change in unrealized appreciation on foreign currency translation | — | — | ($3.6m) | $4.0m | ($251k) | $1.4m | — | |
| Net change in unrealized appreciation on forward currency exchange contracts | ($22.4m) | $27.9m | ($5.3m) | ($2.3m) | $5.8m | ($12.6m) | — | |
| Net change in unrealized appreciation on investments | ($28.0m) | $16.0m | ($10.7m) | $29.5m | ($12.3m) | $21.6m | — | |
| Net increase in net assets resulting from operations | $8.3m | $119.8m | $105.5m | $123.4m | $119.4m | $98.8m | — | |
| Basic weighted average common stock outstanding | $58.7m | $64.6m | $64.6m | $64.6m | $64.6m | $64.8m | — | |
| Diluted weighted average common stock outstanding | $58.7m | $64.6m | $64.6m | $64.6m | $64.6m | $64.8m | — | |
| Diluted EPS | $0.14 | $1.86 | $1.63 | $1.91 | $1.85 | $1.53 | $1.14 | |
| Diluted NI Availto Com Stockholders | $8.3m | $119.8m | $105.5m | $123.4m | $119.4m | $98.8m | $73.6m | |
| Normalized Income | $8.3m | $119.8m | $105.5m | $123.4m | $119.4m | $98.8m | $73.6m | |
| Selling General And Administration | — | — | $9.4m | $11.3m | $14.3m | $12.0m | — | |
| Tax Effect Of Unusual Items | — | — | $0 | $0 | $0 | $0 | $0 | |
| Tax Provision | — | — | $837k | $3.4m | $4.5m | $3.8m | $3.6m | |
| Tax Rate For Calcs | — | — | $0 | $0 | $0 | $0 | $0 | |
| Management Fee Expense | $35.2m | $34.9m | $34.7m | $36.1m | $35.6m | $37.2m | — | |
| Operating Expense | — | — | $10.2m | $11.3m | $14.3m | $12.0m | $11.5m | |
| Total expenses, net of fee waivers | — | — | $116.0m | $152.8m | $153.5m | $147.9m | — |