Go Pro

Oxford Square Capital Corp. 5.50% Notes due 2028 (OXSQG) Financials

Oxford Square Capital Corp. 5.50% Notes due 2028 logo
$24.11 -0.10 (-0.40%)
Closing price 07/10/2026 03:56 PM Eastern
Extended Trading
$24.12 +0.00 (+0.00%)
As of 07/10/2026 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Oxford Square Capital Corp. 5.50% Notes due 2028

Annual Income Statements for Oxford Square Capital Corp. 5.50% Notes due 2028

This table shows Oxford Square Capital Corp. 5.50% Notes due 2028's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
107 -13 -1.83 -10 -169 -12
Consolidated Net Income / (Loss)
107 -13 -1.83 -10 -169 -12
Net Income / (Loss) Continuing Operations
107 -13 -1.83 -10 -169 -12
Total Pre-Tax Income
107 -13 -1.83 -10 -169 -12
Total Revenue
83 -9.38 20 27 26 5.60
Net Interest Income / (Expense)
1.97 -10 0.00 0.00 0.00 0.00
Total Interest Income
9.85 0.00 0.00 0.00 0.00 0.00
Total Interest Expense
7.88 10 0.00 0.00 0.00 0.00
Total Non-Interest Income
81 1.11 20 27 26 5.60
Other Service Charges
0.68 - 0.00 - - 0.00
Net Realized & Unrealized Capital Gains on Investments
45 1.11 20 27 26 5.60
Total Non-Interest Expense
-3.21 3.16 22 37 195 17
Salaries and Employee Benefits
0.71 0.72 0.92 0.83 0.75 0.95
Other Operating Expenses
-3.92 2.43 21 2.06 2.14 16
Basic Earnings per Share
$0.43 $0.32 ($1.30) $0.51 $0.42 $0.05
Weighted Average Basic Shares Outstanding
49.48M 49.62M 49.76M 53.92M 63.47M 76.43M
Diluted Earnings per Share
$0.43 - $0.42 $0.51 $0.42 $0.30
Weighted Average Diluted Shares Outstanding
- - 49.76M 53.92M 63.47M 76.43M
Weighted Average Basic & Diluted Shares Outstanding
- - 49.87M 59.67M 69.79M 87.51M

Quarterly Income Statements for Oxford Square Capital Corp. 5.50% Notes due 2028

This table shows Oxford Square Capital Corp. 5.50% Notes due 2028's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
-13 6.39 -5.37 -54 -11 -43 -22 -0.27 0.71 9.92 -62
Consolidated Net Income / (Loss)
-13 6.39 -5.37 -54 -11 -43 -22 -0.27 0.71 9.92 -62
Net Income / (Loss) Continuing Operations
-13 6.39 -5.37 -54 -11 -43 -22 -0.27 0.71 9.92 -62
Total Pre-Tax Income
-13 6.39 -5.37 -54 -11 -43 -22 -0.27 0.71 9.92 -62
Total Revenue
-8.38 32 -1.56 -53 -6.72 -37 -6.05 0.81 5.29 5.56 -27
Net Interest Income / (Expense)
0.00 3.09 0.00 0.00 0.00 1.96 0.00 0.00 0.00 - 0.00
Total Interest Income
0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense
0.00 -3.09 0.00 0.00 0.00 -1.96 0.00 0.00 0.00 - 0.00
Total Non-Interest Income
-8.38 28 -1.56 -53 -6.72 -39 -6.05 0.81 5.29 5.56 -27
Other Service Charges
-1.18 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00
Net Realized & Unrealized Capital Gains on Investments
-7.21 25 -1.56 -53 -6.72 -39 -6.05 0.81 5.29 5.56 -27
Total Non-Interest Expense
4.86 25 3.81 1.11 4.01 6.07 16 1.08 4.58 -4.36 35
Salaries and Employee Benefits
0.21 0.16 0.21 0.17 0.21 0.16 0.24 0.23 0.25 0.23 0.25
Other Operating Expenses
4.65 -9.51 3.61 0.94 3.80 5.91 3.70 0.80 4.32 7.62 4.44
Other Special Charges
- - - 0.00 - - 12 0.05 - - 31
Basic Earnings per Share
$0.23 ($0.34) $0.08 $0.13 $0.09 $0.12 ($0.03) $0.08 $0.04 ($0.04) ($0.24)
Weighted Average Basic Shares Outstanding
56.76M 53.92M 59.64M 60.65M 64.80M 63.47M 69.98M 73.24M 79.36M 76.43M 88.28M
Diluted Earnings per Share
$0.11 - $0.11 $0.13 $0.10 - $0.09 $0.08 $0.07 $0.06 $0.05
Weighted Average Diluted Shares Outstanding
56.76M 53.92M 59.64M 60.65M 64.80M 63.47M 69.98M 73.24M 79.36M 76.43M 88.28M
Weighted Average Basic & Diluted Shares Outstanding
58.13M 59.67M 59.72M 63.76M 67.89M 69.79M 71.37M 78.03M 81.67M 87.51M 93.53M

Annual Cash Flow Statements for Oxford Square Capital Corp. 5.50% Notes due 2028

This table details how cash moves in and out of Oxford Square Capital Corp. 5.50% Notes due 2028's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
43 -50 0.00 -3.28 29 17
Net Cash From Operating Activities
95 -107 20 66 26 -14
Net Cash From Continuing Operating Activities
-53 -109 20 66 26 -14
Net Income / (Loss) Continuing Operations
0.00 40 -86 17 5.88 -19
Consolidated Net Income / (Loss)
- 40 -86 17 5.88 -19
Amortization Expense
-1.40 0.05 0.06 -0.26 -1.07 -2.11
Non-Cash Adjustments to Reconcile Net Income
-63 -149 107 49 20 5.72
Changes in Operating Assets and Liabilities, net
0.76 0.01 -0.77 -0.06 0.94 1.38
Net Cash From Investing Activities
0.00 16 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities
0.00 16 0.00 0.00 0.00 0.00
Net Cash From Financing Activities
-52 57 -20 -69 3.48 31
Net Cash From Continuing Financing Activities
-52 82 -20 -69 3.48 31
Issuance of Debt
-28 81 - 0.00 0.00 75
Issuance of Common Equity
5.87 0.00 0.00 24 29 35
Repayment of Debt
0.00 22 0.00 -64 0.00 -45
Payment of Dividends
-30 -20 -20 -29 -26 -31
Other Financing Activities, Net
- - - 0.00 0.00 -2.85
Cash Interest Paid
- 8.96 11 10 7.23 7.99
Cash Income Taxes Paid
7.47 0.00 0.25 0.67 0.48 0.42

Quarterly Cash Flow Statements for Oxford Square Capital Corp. 5.50% Notes due 2028

This table details how cash moves in and out of Oxford Square Capital Corp. 5.50% Notes due 2028's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
-31 -6.67 15 9.11 13 -8.26 2.33 -7.46 21 1.15 -11
Net Cash From Operating Activities
28 9.79 20 6.37 5.24 -6.19 5.99 -1.66 -20 1.88 -14
Net Cash From Continuing Operating Activities
28 9.79 20 6.37 5.24 -6.19 5.99 -1.66 -20 1.88 -14
Net Income / (Loss) Continuing Operations
6.69 -7.31 -1.77 5.26 -0.87 3.26 -8.12 4.39 -2.09 -13 -26
Consolidated Net Income / (Loss)
6.69 -7.31 -1.77 5.26 -0.87 3.26 -8.12 4.39 -2.09 -13 -26
Amortization Expense
0.15 -0.22 -0.15 -0.25 -0.22 -0.45 -0.72 -0.39 -0.40 -0.59 -0.76
Non-Cash Adjustments to Reconcile Net Income
21 17 20 2.64 6.45 -9.44 14 -5.73 -18 15 11
Changes in Operating Assets and Liabilities, net
0.10 -0.18 1.90 -1.28 -0.11 0.43 0.54 0.08 0.89 -0.13 0.53
Net Cash From Investing Activities
- - 0.00 - - - 0.00 - - - 0.00
Net Cash From Continuing Investing Activities
- - 0.00 - - - 0.00 - - - 0.00
Net Cash From Financing Activities
-58 -16 -5.13 2.74 7.93 -2.07 -3.66 -5.80 41 -0.73 3.39
Net Cash From Continuing Financing Activities
-58 -16 -5.13 2.74 7.93 -2.07 -3.66 -5.80 41 -0.73 3.39
Issuance of Common Equity
4.30 3.65 0.92 8.90 14 4.95 3.46 12 12 7.88 12
Payment of Dividends
-13 -5.93 -6.05 -6.16 -6.54 -7.01 -7.13 -7.47 -8.11 -8.61 -8.92
Cash Interest Paid
2.34 1.96 1.81 1.81 1.81 1.81 1.81 1.88 1.84 2.46 2.56

Annual Balance Sheets for Oxford Square Capital Corp. 5.50% Notes due 2028

This table presents Oxford Square Capital Corp. 5.50% Notes due 2028's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
434 328 278 300 307
Cash and Due from Banks
9.02 9.02 5.74 35 52
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00
Other Assets
424 319 5.04 265 255
Total Liabilities & Shareholders' Equity
434 328 278 300 307
Total Liabilities
189 189 126 139 161
Accrued Interest Payable
1.22 1.22 1.20 1.20 1.70
Long-Term Debt
185 186 123 136 158
Other Long-Term Liabilities
2.31 0.46 2.18 2.23 2.05
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
435 139 151 161 145
Total Preferred & Common Equity
245 139 151 161 145
Total Common Equity
435 139 151 161 145
Common Stock
435 435 459 489 524
Retained Earnings
- -297 -307 -328 -378

Quarterly Balance Sheets for Oxford Square Capital Corp. 5.50% Notes due 2028

This table presents Oxford Square Capital Corp. 5.50% Notes due 2028's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
303 275 290 313 285 275 315 279
Cash and Due from Banks
12 21 30 43 37 30 51 41
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets
291 254 257 270 247 3.55 264 238
Total Liabilities & Shareholders' Equity
303 275 290 313 285 275 315 279
Total Liabilities
142 131 138 153 137 117 156 156
Accrued Interest Payable
1.21 1.20 1.20 1.20 1.20 1.10 1.61 1.70
Long-Term Debt
137 127 134 150 133 114 151 152
Other Long-Term Liabilities
3.74 1.63 2.43 2.11 2.14 2.37 2.71 2.02
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
456 144 152 159 149 157 159 123
Total Preferred & Common Equity
161 144 152 159 149 157 159 123
Total Common Equity
456 144 152 159 149 157 159 123
Common Stock
456 460 469 484 492 504 516 537
Retained Earnings
- -315 -317 -324 -343 -347 -357 -413

Annual Metrics And Ratios for Oxford Square Capital Corp. 5.50% Notes due 2028

This table displays calculated financial ratios and metrics derived from Oxford Square Capital Corp. 5.50% Notes due 2028's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 0.00 49,815,875.00 58,129,685.00 - 58,129,685.00
DEI Adjusted Shares Outstanding
0.00 0.00 49,815,875.00 58,129,685.00 - 58,129,685.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 -0.04 -0.17 - -0.20
Growth Metrics
- - - - - -
Revenue Growth
0.00% -111.29% 316.85% 34.46% -1,189.21% -78.82%
EBITDA Growth
0.00% -113.18% 85.84% -481.71% -558.85% 91.83%
EBIT Growth
0.00% -114.53% 85.40% -447.52% -563.89% 93.02%
NOPAT Growth
0.00% -110.17% 85.40% -447.52% -563.89% 93.02%
Net Income Growth
0.00% -111.77% 85.40% -447.52% -563.89% 93.02%
EPS Growth
0.00% 0.00% 0.00% 21.43% -17.65% -28.57%
Operating Cash Flow Growth
0.00% -213.02% 118.96% 221.54% -60.87% -153.43%
Free Cash Flow Firm Growth
0.00% 0.00% 123.63% -57.87% -297.02% 89.35%
Invested Capital Growth
0.00% 0.00% -24.42% -15.60% 8.02% 2.26%
Revenue Q/Q Growth
0.00% 0.00% 0.00% -48.77% -211.97% -93.63%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% -134.16% -115.79% 88.63%
EBIT Q/Q Growth
0.00% 0.00% 0.00% -133.29% -117.67% 90.20%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% -136.58% -117.67% 90.20%
Net Income Q/Q Growth
0.00% 0.00% 0.00% -151.58% -117.67% 90.20%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% -6.25%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 52.89% 14.28% -38.61% 37.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% -109.64% 82.40%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% -7.97% -4.30% -2.37%
Profitability Metrics
- - - - - -
EBITDA Margin
114.04% 0.00% -8.69% -37.59% 0.00% -248.10%
EBIT Margin
103.87% 0.00% -9.00% -36.63% 0.00% -210.51%
Profit (Net Income) Margin
128.24% 0.00% -9.00% -36.63% 0.00% -210.51%
Tax Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent
123.47% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% -0.34% -2.34% 0.00% -2.75%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% -0.95% -4.29% 0.00% -5.17%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% -0.30% -4.57% 0.00% -4.95%
Return on Equity (ROE)
0.00% -2.88% -0.64% -6.91% -55.02% -7.70%
Cash Return on Invested Capital (CROIC)
0.00% -204.08% 27.47% 14.58% -28.77% -4.99%
Operating Return on Assets (OROA)
0.00% 0.00% -0.48% -3.31% 0.00% -3.89%
Return on Assets (ROA)
0.00% 0.00% -0.48% -3.31% 0.00% -3.89%
Return on Common Equity (ROCE)
0.00% -2.88% -0.64% -6.91% -55.02% -7.70%
Return on Equity Simple (ROE_SIMPLE)
0.00% -5.13% -1.32% -6.62% -53.42% -8.11%
Net Operating Profit after Tax (NOPAT)
86 -8.78 -1.28 -7.02 -60 -8.25
NOPAT Margin
103.87% 0.00% -6.30% -25.64% 0.00% -147.36%
Net Nonoperating Expense Percent (NNEP)
0.00% -150.99% 0.61% 1.94% 19.91% 2.41%
SG&A Expenses to Revenue
0.85% 0.00% 4.50% 3.02% 0.00% 16.97%
Operating Expenses to Revenue
-3.87% 0.00% 109.00% 136.63% 0.00% 310.51%
Earnings before Interest and Taxes (EBIT)
86 -13 -1.83 -10 -86 -12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
95 -12 -1.77 -10 -87 -14
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.59 0.65 0.91 0.82
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.59 0.65 0.91 0.82
Price to Revenue (P/Rev)
0.00 0.00 4.03 3.61 0.00 21.26
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
46.78% 21.82% 25.48% 22.94% 18.13% 26.96%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.80 0.79 0.84 0.74
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 12.74 7.89 0.00 40.12
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 12.73 3.30 9.63 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 2.50 4.94 0.00 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.43 1.34 0.81 0.84 1.08
Long-Term Debt to Equity
0.00 0.43 1.34 0.81 0.84 1.08
Financial Leverage
0.00 -0.01 0.32 1.07 0.83 0.96
Leverage Ratio
0.00 1.00 1.33 2.09 1.85 1.98
Compound Leverage Factor
0.00 1.00 1.33 2.09 1.85 1.98
Debt to Total Capital
0.00% 29.88% 57.33% 44.84% 45.77% 52.01%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 29.88% 57.33% 44.84% 45.77% 52.01%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 70.12% 42.67% 55.16% 54.23% 47.99%
Debt to EBITDA
0.00 -14.85 -105.40 -11.96 -1.56 -11.34
Net Debt to EBITDA
0.00 -14.13 -100.29 -11.40 -1.16 -7.60
Long-Term Debt to EBITDA
0.00 -14.85 -105.40 -11.96 -1.56 -11.34
Debt to NOPAT
0.00 -21.12 -145.40 -17.53 -2.26 -19.09
Net Debt to NOPAT
0.00 -20.09 -138.37 -16.71 -1.68 -12.80
Long-Term Debt to NOPAT
0.00 -21.12 -145.40 -17.53 -2.26 -19.09
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -439 104 44 -82 -15
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 -41.80 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
12.06 -10.24 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
12.06 -10.24 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.00 0.05 0.09 0.00 0.02
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 430 325 274 296 303
Invested Capital Turnover
0.00 0.00 0.05 0.09 0.00 0.02
Increase / (Decrease) in Invested Capital
0.00 430 -105 -51 22 6.69
Enterprise Value (EV)
0.00 0.00 259 216 248 225
Market Capitalization
0.00 0.00 82 99 147 119
Book Value per Share
$0.00 $8.76 $2.78 $2.60 $2.53 $1.90
Tangible Book Value per Share
$0.00 $8.76 $2.78 $2.60 $2.53 $1.90
Total Capital
0.00 620 325 274 296 303
Total Debt
0.00 185 186 123 136 158
Total Long-Term Debt
0.00 185 186 123 136 158
Net Debt
0.00 176 177 117 101 106
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)
-20 3.76 0.55 3.01 26 3.54
Net Nonoperating Obligations (NNO)
0.00 -4.98 186 123 136 158
Total Depreciation and Amortization (D&A)
8.45 0.05 0.06 -0.26 -1.07 -2.11
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($1.30) $0.51 $0.51 $0.05
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 49.76M 53.92M 63.47M 76.43M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($1.30) $0.00 $0.42 $0.30
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 49.87M 59.67M 63.47M 76.43M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 ($1.30) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 49.87M 59.67M 69.79M 87.51M
Normalized Net Operating Profit after Tax (NOPAT)
60 -8.78 -1.28 17 -60 -8.25
Normalized NOPAT Margin
72.71% 0.00% -6.30% 62.61% 0.00% -147.36%
Pre Tax Income Margin
128.24% 0.00% -9.00% -36.63% 0.00% -210.51%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
10.95 -1.19 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
10.95 -0.84 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
10.95 -1.19 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
10.95 -0.84 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - -
Dividend Payout Ratio
28.25% -162.82% -1,112.65% -285.55% -30.01% -265.59%
Augmented Payout Ratio
28.25% -162.82% -1,112.65% -285.55% -30.01% -265.59%

Quarterly Metrics And Ratios for Oxford Square Capital Corp. 5.50% Notes due 2028

This table displays calculated financial ratios and metrics derived from Oxford Square Capital Corp. 5.50% Notes due 2028's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
56,411,076.00 58,129,685.00 58,129,685.00 58,129,685.00 58,129,685.00 - 58,129,685.00 58,129,685.00 58,129,685.00 58,129,685.00 58,129,685.00
DEI Adjusted Shares Outstanding
56,411,076.00 58,129,685.00 58,129,685.00 58,129,685.00 58,129,685.00 - 58,129,685.00 58,129,685.00 58,129,685.00 58,129,685.00 58,129,685.00
DEI Earnings Per Adjusted Shares Outstanding
-0.23 0.11 -0.09 -0.93 -0.18 - -0.38 0.00 0.01 0.17 -1.07
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-125.95% -45.23% -171.59% -2,712.00% 19.87% -448.17% -288.77% 101.53% 178.68% -93.67% -339.15%
EBITDA Growth
-172.20% -86.73% -13,978.49% -1,597.00% 16.34% -1,426.74% -314.30% 98.79% 102.79% 109.42% -174.52%
EBIT Growth
-173.04% -86.26% -13,606.29% -1,589.25% 18.98% -1,330.66% -312.36% 99.51% 106.61% 110.06% -179.99%
NOPAT Growth
-151.85% -82.05% -9,554.40% -1,589.25% 18.98% -961.46% -312.36% 99.51% 109.44% 114.38% -179.99%
Net Income Growth
-174.07% -82.17% -13,606.29% -1,589.25% 18.98% -1,330.66% -312.36% 99.51% 106.61% 110.06% -179.99%
EPS Growth
0.00% 0.00% 0.00% 0.00% -9.09% 0.00% -18.18% -38.46% -30.00% -25.00% -44.44%
Operating Cash Flow Growth
593.57% 511.60% 196.47% -70.08% -81.01% -162.08% -70.49% -126.06% -480.55% 130.28% -340.40%
Free Cash Flow Firm Growth
5.31% 0.00% 115.68% 107.02% 86.46% -196.02% -151.18% -39.21% 99.83% 103.55% -38.98%
Invested Capital Growth
78.96% -15.60% -16.83% -17.94% 3.88% 8.02% 3.93% -5.30% 0.24% 2.26% -2.49%
Revenue Q/Q Growth
-511.96% 476.11% -104.94% -3,313.29% 87.36% -448.42% -106.89% 113.39% 551.97% 5.19% -578.26%
EBITDA Q/Q Growth
-307.40% 147.16% -189.43% -887.78% 79.91% -295.93% 76.90% 97.10% 146.11% 2,954.15% -772.91%
EBIT Q/Q Growth
-312.14% 148.27% -184.05% -910.36% 80.23% -299.96% 77.52% 98.79% 364.70% 1,299.18% -725.27%
NOPAT Q/Q Growth
-312.14% 168.95% -158.83% -910.36% 80.23% -299.96% 77.52% 98.79% 478.14% 1,299.18% -537.69%
Net Income Q/Q Growth
-312.14% 148.27% -184.05% -910.36% 80.23% -299.96% 77.52% 98.79% 364.70% 1,299.18% -725.27%
EPS Q/Q Growth
0.00% 0.00% 0.00% 18.18% -23.08% 0.00% 12.50% -11.11% -12.50% -14.29% -16.67%
Operating Cash Flow Q/Q Growth
29.66% -64.54% 107.39% -68.63% -17.70% -218.17% 196.70% -127.71% -1,101.74% 109.40% -867.66%
Free Cash Flow Firm Q/Q Growth
59.95% 140.56% -10.39% -51.80% -177.29% -173.00% 71.22% 157.25% -100.21% 10,136.63% -1,227.28%
Invested Capital Q/Q Growth
-14.65% -7.97% -1.03% 5.56% 8.05% -4.30% -4.77% -3.82% 14.36% -2.37% -9.19%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
0.00% 19.57% 0.00% 0.00% 0.00% 0.00% 0.00% -81.72% 5.78% 167.80% 0.00%
EBIT Margin
0.00% 20.27% 0.00% 0.00% 0.00% 0.00% 0.00% -33.03% 13.41% 178.40% 0.00%
Profit (Net Income) Margin
0.00% 20.27% 0.00% 0.00% 0.00% 0.00% 0.00% -33.03% 13.41% 178.40% 0.00%
Tax Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 1.85% 0.00% 0.00% 0.00% 0.00% 0.00% -6.29% 3.80% 3.33% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 1.85% 0.00% 0.00% 0.00% 0.00% 0.00% -6.36% 3.80% 3.33% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 1.97% 0.00% 0.00% 0.00% 0.00% 0.00% -5.09% 3.60% 3.19% 0.00%
Return on Equity (ROE)
0.00% 3.82% 0.00% -22.02% -20.78% -55.02% 0.00% -11.38% 7.41% 6.53% -37.96%
Cash Return on Invested Capital (CROIC)
0.00% 14.58% 14.76% 5.07% -18.54% -28.77% -50.82% -27.60% -27.40% -4.99% -10.46%
Operating Return on Assets (OROA)
0.00% 1.83% 0.00% 0.00% 0.00% 0.00% 0.00% -8.88% 3.76% 3.30% 0.00%
Return on Assets (ROA)
0.00% 1.83% 0.00% 0.00% 0.00% 0.00% 0.00% -8.88% 3.76% 3.30% 0.00%
Return on Common Equity (ROCE)
0.00% 3.82% 0.00% -22.02% -20.78% -55.02% 0.00% -11.38% 7.41% 6.53% -37.96%
Return on Equity Simple (ROE_SIMPLE)
12.08% 0.00% -10.69% -43.63% -40.12% 0.00% -124.72% -83.65% -75.65% 0.00% -41.91%
Net Operating Profit after Tax (NOPAT)
-9.27 6.39 -3.76 -38 -7.51 -30 -16 -0.19 0.71 9.92 -43
NOPAT Margin
0.00% 20.27% 0.00% 0.00% 0.00% 0.00% 0.00% -23.12% 13.41% 178.40% 0.00%
Net Nonoperating Expense Percent (NNEP)
-5.02% 0.00% 17.75% 102.56% -79.50% 9.96% 5.10% 0.06% 0.00% 0.00% 13.05%
SG&A Expenses to Revenue
0.00% 0.52% 0.00% 0.00% 0.00% 0.00% 0.00% 28.16% 4.81% 4.10% 0.00%
Operating Expenses to Revenue
0.00% 79.73% 0.00% 0.00% 0.00% 0.00% 0.00% 133.03% 86.59% -78.40% 0.00%
Earnings before Interest and Taxes (EBIT)
-13 6.39 -5.37 -54 -11 -43 -22 -0.27 0.71 9.92 -62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-13 6.17 -5.52 -55 -11 -43 -23 -0.66 0.31 9.33 -63
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.23 0.65 0.87 0.80 0.82 0.91 0.94 0.83 0.66 0.82 1.19
Price to Tangible Book Value (P/TBV)
0.23 0.65 0.87 0.80 0.82 0.91 0.94 0.83 0.66 0.82 1.19
Price to Revenue (P/Rev)
1.98 3.61 5.30 0.00 0.00 0.00 6.37 1.72 1.20 21.26 0.00
Price to Earnings (P/E)
5.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
22.58% 22.94% 20.01% 20.86% 20.93% 18.13% 21.02% 23.57% 31.57% 26.96% 25.33%
Earnings Yield
18.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.77 0.79 0.85 0.79 0.77 0.84 0.84 0.79 0.66 0.74 0.94
Enterprise Value to Revenue (EV/Rev)
4.31 7.89 9.79 0.00 0.00 0.00 10.75 2.83 2.35 40.12 0.00
Enterprise Value to EBITDA (EV/EBITDA)
7.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
7.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
12.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
4.02 3.30 2.93 3.53 5.69 9.63 20.68 63.59 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 4.94 5.25 14.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.30 0.81 0.88 0.88 0.94 0.84 0.90 0.72 0.95 1.08 1.23
Long-Term Debt to Equity
0.30 0.81 0.88 0.88 0.94 0.84 0.90 0.72 0.95 1.08 1.23
Financial Leverage
-0.25 1.07 0.03 0.05 -0.01 0.83 0.89 0.80 0.95 0.96 1.05
Leverage Ratio
1.06 2.09 1.05 1.07 1.00 1.85 1.91 1.82 1.97 1.98 2.07
Compound Leverage Factor
1.06 2.09 1.05 1.07 1.00 1.85 1.91 1.82 1.97 1.98 2.07
Debt to Total Capital
23.11% 44.84% 46.83% 46.81% 48.49% 45.77% 47.23% 41.99% 48.78% 52.01% 55.20%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
23.11% 44.84% 46.83% 46.81% 48.49% 45.77% 47.23% 41.99% 48.78% 52.01% 55.20%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
76.89% 55.16% 53.17% 53.19% 51.51% 54.23% 52.77% 58.01% 51.22% 47.99% 44.80%
Debt to EBITDA
4.56 -11.96 -8.24 -2.00 -2.32 -1.56 -0.71 -0.85 -1.24 -11.34 -2.82
Net Debt to EBITDA
4.14 -11.40 -6.88 -1.56 -1.65 -1.16 -0.51 -0.63 -0.82 -7.60 -2.06
Long-Term Debt to EBITDA
4.56 -11.96 -8.24 -2.00 -2.32 -1.56 -0.71 -0.85 -1.24 -11.34 -2.82
Debt to NOPAT
7.15 -17.53 -11.77 -2.88 -3.35 -2.26 -1.03 -1.24 -1.80 -19.09 -4.20
Net Debt to NOPAT
6.50 -16.71 -9.83 -2.24 -2.39 -1.68 -0.74 -0.91 -1.20 -12.80 -3.07
Long-Term Debt to NOPAT
7.15 -17.53 -11.77 -2.88 -3.35 -2.26 -1.03 -1.24 -1.80 -19.09 -4.20
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-141 57 51 25 -19 -52 -26 15 -0.03 3.23 -36
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.16 0.09 0.08 0.00 0.00 0.00 0.08 0.27 0.28 0.02 0.00
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
298 274 271 287 310 296 282 271 310 303 275
Invested Capital Turnover
0.23 0.09 0.08 0.00 0.00 0.00 0.08 0.27 0.28 0.02 0.00
Increase / (Decrease) in Invested Capital
132 -51 -55 -63 12 22 11 -15 0.74 6.69 -7.02
Enterprise Value (EV)
230 216 231 226 237 248 236 215 206 225 257
Market Capitalization
106 99 125 122 130 147 140 131 106 119 146
Book Value per Share
$8.09 $2.60 $2.42 $2.51 $2.46 $2.53 $2.13 $2.15 $2.00 $1.90 $1.40
Tangible Book Value per Share
$8.09 $2.60 $2.42 $2.51 $2.46 $2.53 $2.13 $2.15 $2.00 $1.90 $1.40
Total Capital
593 274 271 287 310 296 282 271 310 303 275
Total Debt
137 123 127 134 150 136 133 114 151 158 152
Total Long-Term Debt
137 123 127 134 150 136 133 114 151 158 152
Net Debt
125 117 106 104 107 101 96 84 101 106 111
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)
3.97 0.00 1.61 16 3.22 13 6.64 0.08 0.00 0.00 19
Net Nonoperating Obligations (NNO)
-158 123 127 134 150 136 133 114 151 158 152
Total Depreciation and Amortization (D&A)
0.15 -0.22 -0.15 -0.25 -0.22 -0.45 -0.72 -0.39 -0.40 -0.59 -0.76
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.23 ($0.34) $0.08 $0.22 $0.09 $0.12 ($0.03) $0.08 $0.04 ($0.04) ($0.24)
Adjusted Weighted Average Basic Shares Outstanding
56.76M 53.92M 59.64M 60.65M 64.80M 63.47M 69.98M 73.24M 79.36M 76.43M 88.28M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.10 $0.00 $0.09 $0.08 $0.07 $0.06 $0.05
Adjusted Weighted Average Diluted Shares Outstanding
58.13M 53.92M 59.72M 63.76M 64.80M 63.47M 69.98M 73.24M 79.36M 76.43M 88.28M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
58.13M 59.67M 59.72M 63.76M 67.89M 69.79M 71.37M 78.03M 81.67M 87.51M 93.53M
Normalized Net Operating Profit after Tax (NOPAT)
-9.27 4.47 -3.76 -38 -7.51 -30 -6.99 -0.16 0.50 6.94 -22
Normalized NOPAT Margin
0.00% 14.19% 0.00% 0.00% 0.00% 0.00% 0.00% -19.17% 9.39% 124.88% 0.00%
Pre Tax Income Margin
0.00% 20.27% 0.00% 0.00% 0.00% 0.00% 0.00% -33.03% 13.41% 178.40% 0.00%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
143.02% -285.55% -191.59% -46.09% -38.56% -30.01% -14.45% -21.37% -24.72% -265.59% -64.09%
Augmented Payout Ratio
143.02% -285.55% -191.59% -46.09% -38.56% -30.01% -14.45% -21.37% -24.72% -265.59% -64.09%

Financials Breakdown Chart

Key Financial Trends

Oxford Square Capital (NASDAQ: OXSQ) showed a mixed but improving picture in the most recent quarter, with a notable rebound in earnings from the prior quarter, but still not enough to fully offset the company’s longer-term volatility. Because OXSQ is an investment company, its results are heavily driven by capital gains and portfolio marks rather than steady operating revenue, so quarter-to-quarter swings are normal.

  • Q4 2025 net income turned positive at $9.9 million, a sharp improvement from the $620.2 million loss reported in Q1 2026 on a quarterly basis and from the weaker results seen earlier in 2025.
  • Operating cash flow was positive in Q4 2025 at $1.9 million, showing the business generated cash before financing activity.
  • Cash balance improved in Q1 2026 to $40.9 million, up from $37.3 million at the start of 2025, giving the company some near-term liquidity support.
  • Equity issuance continues to support the balance sheet, with common stock growing from $492.3 million in Q1 2025 to $536.6 million in Q1 2026.
  • Long-term debt declined meaningfully from Q3 2025 to Q1 2026, falling from $151.4 million to $151.9 million and, more importantly, down from the $151.4 million area after the company had been higher earlier in 2025.
  • Revenue remains highly volatile because it depends on unrealized and realized gains and losses, which can swing dramatically from quarter to quarter.
  • The company still carries a large retained deficit of $(413.3 million) in Q1 2026, reflecting years of cumulative losses.
  • Share count has been rising, with weighted average basic shares up to 88.3 million in Q1 2026 from 70.0 million in Q1 2025, which can dilute per-share results.
  • Q1 2026 was a very weak quarter on the income statement, with total revenue of $(26.6 million) and a net loss of $62.0 million.
  • Q1 2026 operating cash flow was negative at $(14.4 million), reversing the positive operating cash generation seen in parts of 2024 and late 2025.
  • Dividends continue to exceed internally generated cash in some periods, forcing OXSQ to rely on equity issuance and balance-sheet adjustments to fund payouts.
  • The business remains exposed to portfolio valuation swings, with investment gains/losses driving results from a $5.6 million gain in Q4 2025 to a $26.6 million loss in Q1 2026.

Bottom line: OXSQ appears to have improved from the worst of its recent quarters, but the company’s financial results remain uneven and dependent on investment performance. The balance sheet is still sizable and liquidity is adequate, but investors should expect volatility in earnings, cash flow, and book value-related metrics.

07/13/26 03:10 AM ETAI Generated. May Contain Errors.

Oxford Square Capital Corp. 5.50% Notes due 2028 Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Oxford Square Capital Corp. 5.50% Notes due 2028's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Oxford Square Capital Corp. 5.50% Notes due 2028's net income appears to be on an upward trend, with a most recent value of -$11.79 million in 2025, falling from $106.56 million in 2020. The previous period was -$168.91 million in 2024.

Over the last 5 years, Oxford Square Capital Corp. 5.50% Notes due 2028's total revenue changed from $83.09 million in 2020 to $5.60 million in 2025, a change of -93.3%.

Oxford Square Capital Corp. 5.50% Notes due 2028's total liabilities were at $161.33 million at the end of 2025, a 16.0% increase from 2024, and a 14.6% decrease since 2021.

In the past 4 years, Oxford Square Capital Corp. 5.50% Notes due 2028's cash and equivalents has ranged from $5.74 million in 2023 to $51.93 million in 2025, and is currently $51.93 million as of their latest financial filing in 2025.

Over the last 5 years, Oxford Square Capital Corp. 5.50% Notes due 2028's book value per share changed from 0.00 in 2020 to 1.90 in 2025, a change of 190.2%.



Financial statements for NASDAQ:OXSQG last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners