PennantPark Investment (PNNT) Financials

$3.74 +0.06 (+1.63%)

As of 03:58 PM Eastern

Annual Income Statements for PennantPark Investment

This table shows PennantPark Investment'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	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	43	167	19	-34	49	33
Consolidated Net Income / (Loss)	43	167	19	-34	49	33
Net Income / (Loss) Continuing Operations	43	167	19	-34	49	33
Total Pre-Tax Income	43	167	19	-35	50	33
Total Revenue	84	230	50	44	133	109
Net Interest Income / (Expense)	95	77	-29	143	140	121
Total Interest Income	127	77	0.00	143	140	121
Investment Securities Interest Income	127	77	-	143	140	121
Total Interest Expense	32	0.00	29	0.00	0.00	0.00
Total Non-Interest Income	-11	152	79	-99	-7.03	-11
Other Service Charges	4.82	4.14	-	2.32	3.51	1.81
Net Realized & Unrealized Capital Gains on Investments	-16	148	79	-101	-11	-13
Total Non-Interest Expense	40	63	31	80	84	76
Insurance Policy Acquisition Costs	4.58	0.58	2.66	14	13	9.77
Other Operating Expenses	36	62	29	66	71	67
Income Tax Expense	-	0.00	-	-1.58	0.68	0.00
Weighted Average Basic Shares Outstanding	-	-	65.22M	65.22M	65.30M	65.30M
Weighted Average Diluted Shares Outstanding	-	-	65.22M	65.22M	65.30M	65.30M
Weighted Average Basic & Diluted Shares Outstanding	-	-	65.22M	65.22M	65.30M	65.30M

This table shows PennantPark Investment'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	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2025	3/31/2025	6/30/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	21	12	16	16	3.75	18	8.96	9.46	8.15	-2.33	4.47
Consolidated Net Income / (Loss)	21	17	16	16	3.75	18	8.97	9.46	8.15	-2.33	4.47
Net Income / (Loss) Continuing Operations	21	17	16	16	3.75	18	8.97	9.46	8.15	-2.33	4.47
Total Pre-Tax Income	21	17	16	17	3.75	19	8.97	9.42	8.15	-2.33	4.47
Total Revenue	43	35	37	39	-3.69	41	29	29	26	13	20
Net Interest Income / (Expense)	44	33	34	35	8.36	36	27	31	29	25	24
Total Interest Income	44	33	34	35	8.36	36	27	31	29	25	24
Investment Securities Interest Income	44	33	34	35	8.36	36	27	31	29	25	24
Total Interest Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	-1.41	1.82	3.71	3.44	-12	5.51	2.28	-1.86	-3.03	-12	-4.12
Other Service Charges	0.60	0.89	0.58	0.78	0.39	0.91	0.30	0.15	0.62	0.08	0.28
Net Realized & Unrealized Capital Gains on Investments	-2.01	0.93	3.13	2.66	-12	4.60	1.98	-2.01	-3.65	-12	-4.40
Total Non-Interest Expense	22	18	21	22	-19	22	20	19	18	16	16
Insurance Policy Acquisition Costs	4.87	3.31	2.76	3.02	3.35	3.06	0.00	2.43	2.50	1.98	1.88
Other Operating Expenses	17	15	18	19	-22	19	20	17	15	14	14
Income Tax Expense	0.00	-	0.04	0.83	0.00	-	0.00	-0.04	0.00	0.00	0.00
Weighted Average Basic Shares Outstanding	65.22M	65.22M	65.30M	65.22M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M
Weighted Average Diluted Shares Outstanding	65.22M	65.22M	65.30M	65.22M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M
Weighted Average Basic & Diluted Shares Outstanding	65.22M	65.22M	65.30M	65.22M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M

This table details how cash moves in and out of PennantPark Investment'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	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	-34	-5.52	35	-16	11	1.87
Net Cash From Operating Activities	-130	7.91	-17	223	-172	105
Net Cash From Continuing Operating Activities	-130	7.91	-17	223	-172	105
Net Income / (Loss) Continuing Operations	-16	167	-25	-34	49	33
Consolidated Net Income / (Loss)	-16	167	-25	-34	49	33
Depreciation Expense	34	-118	110	-60	-27	-39
Amortization Expense	-0.74	-1.07	-3.54	-5.01	-1.61	-1.65
Non-Cash Adjustments to Reconcile Net Income	-145	-31	-88	294	-190	112
Changes in Operating Assets and Liabilities, net	-1.62	-8.55	-11	27	-1.88	0.81
Net Cash From Investing Activities	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash From Continuing Investing Activities	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash From Financing Activities	96	-13	52	-239	183	-103
Net Cash From Continuing Financing Activities	96	-13	52	-239	183	-103
Issuance of Debt	432	456	1,021	153	524	207
Issuance of Common Equity	-	-	0.00	0.00	0.55	0.00
Repayment of Debt	-292	-437	-921	-346	-275	-242
Repurchase of Common Equity	0.00	0.00	-13	0.00	0.00	0.00
Payment of Dividends	-44	-32	-35	-46	-66	-68
Other Financing Activities, Net	0.00	0.00	0.00	0.00	-0.25	0.00
Cash Interest Paid	31	17	25	38	43	40
Cash Income Taxes Paid	1.05	0.98	5.46	5.71	6.31	2.85

This table details how cash moves in and out of PennantPark Investment'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	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2025	3/31/2025	6/30/2025	9/30/2025	6/30/2026
Net Change in Cash & Equivalents	-20	-7.83	6.07	-1.44	24	-9.34	-5.90	-11	38	-19	-5.61
Net Cash From Operating Activities	55	107	19	4.25	-17	-4.66	135	27	51	-108	50
Net Cash From Continuing Operating Activities	55	107	19	4.07	-17	-4.66	135	27	51	-108	50
Net Income / (Loss) Continuing Operations	21	12	16	16	3.75	18	8.96	17	8.15	-0.96	4.47
Consolidated Net Income / (Loss)	21	12	16	16	3.75	18	8.96	17	8.15	-0.96	4.47
Depreciation Expense	-13	1.28	-2.36	-33	5.10	-4.31	57	-87	0.20	-9.82	16
Amortization Expense	-0.06	-1.14	-0.29	-0.97	0.02	-0.82	0.30	-1.25	-0.88	0.18	-0.17
Non-Cash Adjustments to Reconcile Net Income	62	63	55	21	-30	-22	89	79	46	-101	55
Changes in Operating Assets and Liabilities, net	-15	32	-49	1.52	3.94	4.33	-21	19	-2.19	3.81	-25
Net Cash From Financing Activities	-75	-115	-13	-5.70	41	-4.68	-140	-38	-14	89	-56
Net Cash From Continuing Financing Activities	-75	-115	-13	-5.70	41	-4.68	-140	-38	-14	89	-56
Issuance of Debt	47	30	55	103	92	101	30	50	17	110	180
Repayment of Debt	-110	-132	-52	-95	-38	-90	-160	-67	-15	-	-220
Payment of Dividends	-12	-13	-16	-14	-14	-16	-10	-21	-16	-21	-16
Cash Interest Paid	13	5.08	15	8.14	14	8.56	13	7.88	12	6.26	12

This table presents PennantPark Investment'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	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	1,295	1,321	1,157	1,389	1,350
Cash and Due from Banks	20	55	39	50	52
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00
Customer and Other Receivables	-	-	0.00	0.23	0.17
Other Assets	1,275	1,266	1,118	16	26
Total Liabilities & Shareholders' Equity	1,295	1,321	1,157	1,389	1,350
Total Liabilities	635	735	655	895	886
Short-Term Debt	315	377	207	460	425
Accrued Interest Payable	4.94	6.26	6.23	6.41	6.28
Long-Term Debt	293	328	310	312	313
Other Long-Term Liabilities	23	24	132	117	140
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	660	586	502	494	464
Total Preferred & Common Equity	660	586	502	494	464
Total Common Equity	660	586	502	494	464
Common Stock	787	748	747	744	741
Retained Earnings	-127	-163	-244	-250	-277

This table presents PennantPark Investment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q2 2026	Q3 2026
Period end date	12/31/2022	3/31/2023	6/30/2023	12/31/2024	3/31/2024	6/30/2024	12/31/2025	3/31/2025	6/30/2025	3/31/2026	6/30/2026
Total Assets	2,495	1,217	1,156	1,412	1,291	1,333	1,294	1,258	1,253	1,258	1,263
Cash and Due from Banks	-	63	43	56	35	59	46	33	71	45	39
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customer and Other Receivables	-	-	-	0.14	0.27	0.14	0.08	0.04	0.09	0.04	0.10
Other Assets	2,495	1,154	1,114	1,356	1,256	14	29	12	11	9.64	30
Total Liabilities & Shareholders' Equity	-591	1,217	1,156	1,412	1,291	1,333	1,294	1,258	1,253	1,258	1,263
Total Liabilities	-591	721	653	918	790	841	836	770	772	819	835
Short-Term Debt	-	362	308	460	393	447	295	311	316	199	310
Accrued Interest Payable	-	6.09	2.80	2.85	6.42	3.12	2.99	6.35	2.92	7.45	4.05
Long-Term Debt	-	309	309	312	311	311	314	313	313	388	238
Other Long-Term Liabilities	-591	44	33	143	80	81	224	139	140	224	283
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.00	496	504	494	502	491	457	488	481	439	428
Total Preferred & Common Equity	0.00	496	504	494	502	491	457	488	481	439	428
Total Common Equity	0.00	496	504	494	502	491	457	488	481	439	428
Common Stock	-	748	748	744	747	747	741	744	744	741	741
Retained Earnings	-	-253	-245	-250	-245	-256	-283	-256	-263	-301	-313

This table displays calculated financial ratios and metrics derived from PennantPark Investment's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
DEI Shares Outstanding	0.00	-	-	-	-	65,296,094.00
DEI Adjusted Shares Outstanding	0.00	-	-	-	-	65,296,094.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-	-	-	-	0.50
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	174.24%	-78.24%	-1.08%	169.41%	-18.11%
EBITDA Growth	0.00%	-46.46%	162.94%	-172.92%	122.18%	-139.42%
EBIT Growth	0.00%	283.21%	-88.79%	-262.94%	262.15%	-33.98%
NOPAT Growth	0.00%	283.21%	-88.79%	-214.06%	328.46%	-33.06%
Net Income Growth	0.00%	283.21%	-88.79%	-254.50%	268.65%	-33.06%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	106.10%	-318.68%	1,389.20%	-177.33%	160.78%
Free Cash Flow Firm Growth	0.00%	0.00%	98.54%	4,518.47%	-113.32%	148.37%
Invested Capital Growth	0.00%	0.00%	2.11%	-59.70%	24.23%	-4.98%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-71.81%	1.81%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-298.27%	4.96%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-131.26%	5.28%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-121.88%	3.83%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-129.37%	2.02%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	13.80%	-184.86%	-49.60%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-106.70%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-65.01%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
EBITDA Margin	91.54%	20.74%	250.67%	-184.78%	15.21%	-7.38%
EBIT Margin	51.95%	72.59%	37.40%	-61.60%	37.08%	29.96%
Profit (Net Income) Margin	51.95%	72.59%	37.40%	-58.41%	36.56%	29.96%
Tax Burden Percent	100.00%	100.00%	100.00%	94.82%	98.62%	100.00%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	1.38%	0.00%
Return on Invested Capital (ROIC)	0.00%	13.46%	0.75%	-1.20%	4.26%	2.65%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	13.46%	0.75%	-1.70%	4.26%	2.65%
Return on Net Nonoperating Assets (RNNOA)	0.00%	593.17%	67.25%	-10.29%	5.51%	4.18%
Return on Equity (ROE)	0.00%	606.63%	68.00%	-11.49%	9.77%	6.83%
Cash Return on Invested Capital (CROIC)	0.00%	-186.54%	-1.35%	83.91%	-17.35%	7.76%
Operating Return on Assets (OROA)	0.00%	6.73%	0.75%	-1.65%	3.88%	2.39%
Return on Assets (ROA)	0.00%	6.73%	0.75%	-1.57%	3.82%	2.39%
Return on Common Equity (ROCE)	0.00%	606.63%	68.00%	-11.49%	9.77%	6.83%
Return on Equity Simple (ROE_SIMPLE)	0.00%	303.31%	0.00%	-5.75%	9.85%	7.05%
Net Operating Profit after Tax (NOPAT)	43	167	19	-21	49	33
NOPAT Margin	51.95%	72.59%	37.40%	-43.12%	36.56%	29.96%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.50%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	48.06%	27.41%	62.60%	161.60%	62.92%	70.04%
Earnings before Interest and Taxes (EBIT)	43	167	19	-30	49	33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	77	48	125	-91	20	-8.05
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.72	0.88	0.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.72	0.88	0.90
Price to Revenue (P/Rev)	0.00	0.00	0.00	7.31	3.28	3.81
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	8.92	12.72
Dividend Yield	29.98%	10.86%	13.74%	13.72%	13.18%	15.06%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	11.21%	7.86%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.82	0.91	0.92
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	16.99	8.70	10.11
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	57.20	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	23.47	33.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	23.80	33.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	3.76	0.00	10.53
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.56	0.00	11.52
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	1.03	1.56	1.59
Long-Term Debt to Equity	0.00	0.00	0.00	0.62	0.63	0.68
Financial Leverage	0.00	44.08	90.12	6.06	1.29	1.58
Leverage Ratio	0.00	45.08	91.11	7.34	2.56	2.86
Compound Leverage Factor	0.00	45.08	91.11	7.34	2.56	2.86
Debt to Total Capital	0.00%	0.00%	0.00%	50.72%	60.98%	61.43%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	20.31%	36.37%	35.37%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	30.41%	24.62%	26.06%
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%	100.00%	0.00%	49.28%	39.02%	38.57%
Debt to EBITDA	0.00	0.00	0.00	-5.66	38.13	-91.74
Net Debt to EBITDA	0.00	0.00	0.00	-5.24	35.67	-85.31
Long-Term Debt to EBITDA	0.00	0.00	0.00	-3.39	15.39	-38.91
Debt to NOPAT	0.00	0.00	0.00	-24.26	15.86	22.60
Net Debt to NOPAT	0.00	0.00	0.00	-22.44	14.84	21.01
Long-Term Debt to NOPAT	0.00	0.00	0.00	-14.55	6.40	9.58
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	-2,310	-34	1,488	-198	96
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	0.00	-1.17	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-4.03	0.00	-0.60	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-4.03	0.00	-0.60	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.09	0.02	0.03	0.10	0.08
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	2,476	2,529	1,019	1,266	1,203
Invested Capital Turnover	0.00	0.19	0.02	0.03	0.12	0.09
Increase / (Decrease) in Invested Capital	0.00	2,476	52	-1,510	247	-63
Enterprise Value (EV)	0.00	0.00	0.00	839	1,158	1,103
Market Capitalization	0.00	0.00	0.00	361	436	416
Book Value per Share	$0.00	$0.00	$0.00	$7.70	$7.56	$7.11
Tangible Book Value per Share	$0.00	$0.00	$0.00	$7.70	$7.56	$7.11
Total Capital	0.00	55	0.00	1,019	1,266	1,203
Total Debt	0.00	0.00	0.00	517	772	739
Total Long-Term Debt	0.00	0.00	0.00	310	312	313
Net Debt	0.00	0.00	0.00	478	722	687
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	7.55	0.00	0.00
Net Nonoperating Obligations (NNO)	0.00	2,421	2,529	517	772	739
Total Depreciation and Amortization (D&A)	33	-119	107	-61	-29	-41
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	65.22M	65.22M	65.30M	65.30M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.37)	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	65.22M	65.22M	65.30M	65.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	65.22M	65.22M	65.30M	65.30M
Normalized Net Operating Profit after Tax (NOPAT)	30	117	13	-21	49	23
Normalized NOPAT Margin	36.36%	50.81%	26.18%	-43.12%	36.56%	20.97%
Pre Tax Income Margin	51.95%	72.59%	37.40%	-61.60%	37.08%	29.96%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	1.35	0.00	0.65	0.00	0.00	0.00
NOPAT to Interest Expense	1.35	0.00	0.65	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.35	0.00	0.65	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.35	0.00	0.65	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	101.77%	19.32%	186.61%	-158.23%	135.42%	207.67%
Augmented Payout Ratio	101.77%	19.32%	257.56%	-158.23%	135.42%	207.67%

This table displays calculated financial ratios and metrics derived from PennantPark Investment's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2025	3/31/2025	6/30/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	65,296,094.00	65,296,094.00	65,296,094.00	65,296,094.00	65,296,094.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	65,296,094.00	65,296,094.00	65,296,094.00	65,296,094.00	65,296,094.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.14	0.14	0.12	-0.04	0.07
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1,660.29%	-78.25%	154.89%	53.83%	-41.86%	17.49%	-21.71%	-25.85%	171.93%	-53.71%	-21.38%
EBITDA Growth	148.40%	-89.17%	-15.21%	86.49%	16.37%	-16.77%	392.13%	-722.98%	-18.07%	97.03%	173.68%
EBIT Growth	302.33%	-88.54%	114.43%	230.15%	-82.12%	14.95%	-44.37%	-44.32%	13.91%	-124.73%	-45.17%
NOPAT Growth	389.04%	-88.54%	120.91%	230.15%	-82.12%	14.95%	-44.24%	-41.21%	13.91%	-117.24%	-45.17%
Net Income Growth	213.35%	-88.07%	114.82%	230.15%	-82.12%	5.59%	-44.24%	-41.21%	117.57%	-124.63%	-45.17%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%
Operating Cash Flow Growth	129.50%	33.71%	-1,522.10%	-93.93%	-130.54%	-104.34%	617.75%	115.66%	405.00%	0.00%	-2.70%
Free Cash Flow Firm Growth	0.00%	0.00%	158.34%	160.47%	88.68%	-114.93%	-88.62%	-94.35%	238.38%	-17.91%	-5.95%
Invested Capital Growth	0.00%	-59.70%	-58.96%	-59.83%	11.44%	24.23%	-15.78%	-7.70%	-11.13%	-7.70%	-12.07%
Revenue Q/Q Growth	74.95%	-18.67%	-16.57%	29.58%	-33.87%	64.36%	-57.73%	-1.97%	-90.73%	0.00%	53.55%
EBITDA Q/Q Growth	105.69%	118.92%	-6.40%	-215.99%	148.96%	56.57%	3,685.10%	-218.18%	76.97%	0.00%	978.15%
EBIT Q/Q Growth	329.99%	-21.06%	-36.49%	53.15%	-76.71%	407.50%	30.25%	5.03%	84.16%	0.00%	291.88%
NOPAT Q/Q Growth	329.99%	-21.06%	-35.58%	50.99%	-76.71%	407.50%	-51.17%	5.44%	83.44%	0.00%	374.12%
Net Income Q/Q Growth	329.99%	-17.81%	-38.13%	50.99%	-76.71%	385.34%	-51.17%	5.44%	-13.81%	0.00%	291.88%
EPS Q/Q Growth	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 Q/Q Growth	-21.14%	94.11%	-244.68%	102.74%	-496.68%	72.40%	2,989.05%	-80.26%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	63.27%	152.79%	19.91%	179.12%	-106.88%	-107.82%	191.40%	-51.04%	52.94%	0.00%	64.91%
Invested Capital Q/Q Growth	-62.64%	-65.01%	24.28%	-50.78%	3.66%	0.00%	-15.75%	4.27%	-0.19%	0.00%	-4.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	17.71%	47.67%	53.48%	-47.88%	35.45%	33.77%	226.88%	-273.52%	627.36%	-17.56%	100.42%
EBIT Margin	48.71%	47.28%	35.99%	42.54%	14.98%	46.26%	30.68%	32.87%	652.84%	-17.56%	21.94%
Profit (Net Income) Margin	48.71%	49.23%	36.51%	42.54%	14.98%	44.24%	30.68%	33.00%	306.74%	-17.56%	21.94%
Tax Burden Percent	100.00%	104.11%	101.43%	100.00%	100.00%	95.63%	100.00%	100.39%	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%	46.98%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	-1.43%	0.00%	0.00%	0.00%	0.00%	-0.39%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	8.16%	1.32%	2.21%	2.93%	1.61%	5.39%	3.29%	3.28%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	8.16%	1.36%	2.21%	2.93%	1.61%	5.26%	3.29%	3.28%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	10.00%	8.26%	17.25%	21.66%	2.22%	6.81%	4.78%	4.40%	0.00%	0.00%	0.00%
Return on Equity (ROE)	18.16%	9.57%	19.46%	24.59%	3.82%	12.20%	8.07%	7.68%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	83.91%	86.08%	88.42%	-6.87%	-17.35%	20.71%	11.04%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	3.95%	1.27%	2.43%	3.44%	1.53%	4.84%	2.84%	2.97%	0.00%	0.00%	0.00%
Return on Assets (ROA)	3.95%	1.32%	2.46%	3.44%	1.53%	4.63%	2.84%	2.98%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	18.16%	9.57%	19.46%	24.59%	3.82%	12.20%	8.07%	7.68%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	10.03%	0.00%	10.86%	12.94%	9.71%	0.00%	9.13%	7.19%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	21	17	11	16	3.75	19	8.97	9.46	17	-1.63	4.47
NOPAT Margin	48.71%	47.28%	36.51%	42.54%	14.98%	46.26%	30.68%	33.00%	652.84%	-12.29%	21.94%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.04%	0.00%	0.00%	0.00%	0.13%	0.00%	0.00%	1.33%	0.12%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.29%	52.72%	64.01%	57.46%	85.02%	53.74%	69.32%	67.13%	-552.84%	117.56%	78.06%
Earnings before Interest and Taxes (EBIT)	21	17	11	16	3.75	19	8.97	9.42	17	-2.33	4.47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.62	17	16	-18	8.86	14	66	-78	17	-2.33	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.61	0.72	0.77	0.80	0.91	0.88	0.80	0.79	0.92	0.66	0.52
Price to Tangible Book Value (P/TBV)	0.61	0.72	0.77	0.80	0.91	0.88	0.80	0.79	0.92	0.66	0.52
Price to Revenue (P/Rev)	3.26	7.31	2.91	2.78	3.50	3.28	2.92	3.36	0.00	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	7.86	6.71	10.41	8.92	8.75	11.02	0.00	0.00	0.00
Dividend Yield	14.91%	13.72%	13.71%	13.46%	12.46%	13.18%	17.16%	15.87%	14.19%	21.76%	0.00%
Earnings Yield	0.00%	0.00%	12.73%	14.90%	9.61%	11.21%	11.42%	9.08%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.79	0.82	0.87	0.89	0.92	0.91	0.87	0.88	0.90	0.81	0.75
Enterprise Value to Revenue (EV/Rev)	9.38	16.99	8.34	7.38	9.01	8.70	7.42	8.49	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	49.10	49.62	57.20	12.67	221.13	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	21.22	0.00	20.79	16.70	24.39	23.47	21.91	28.04	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	21.22	0.00	20.47	16.70	24.39	23.80	22.25	27.86	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.49	3.76	4.37	92.35	0.00	0.00	0.00	7.01	4.81	7.25	6.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.56	0.59	0.58	0.00	0.00	3.84	7.65	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.23	1.03	1.56	1.40	1.54	1.56	1.33	1.28	1.31	1.34	1.28
Long-Term Debt to Equity	0.61	0.62	0.63	0.62	0.63	0.63	0.69	0.64	0.65	0.88	0.56
Financial Leverage	1.23	6.06	7.80	7.38	1.38	1.29	1.45	1.34	1.43	1.31	1.30
Leverage Ratio	2.30	7.34	7.90	7.15	2.50	2.56	2.84	2.58	2.66	2.71	2.77
Compound Leverage Factor	2.30	7.34	7.90	7.15	2.50	2.56	2.84	2.58	1.25	2.71	2.77
Debt to Total Capital	55.06%	50.72%	60.97%	58.37%	60.67%	60.98%	57.13%	56.11%	56.70%	57.21%	56.14%
Short-Term Debt to Total Capital	27.45%	20.31%	36.32%	32.58%	35.75%	36.37%	27.70%	28.00%	28.50%	19.43%	31.74%
Long-Term Debt to Total Capital	27.61%	30.41%	24.64%	25.79%	24.92%	24.62%	29.43%	28.10%	28.20%	37.78%	24.40%
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	44.94%	49.28%	39.03%	41.63%	39.33%	39.02%	42.87%	43.89%	43.30%	42.79%	43.86%
Debt to EBITDA	-62.74	-5.66	-7.58	32.27	32.88	38.13	8.32	141.07	0.00	0.00	0.00
Net Debt to EBITDA	-58.39	-5.24	-7.03	30.64	30.32	35.67	7.69	133.70	0.00	0.00	0.00
Long-Term Debt to EBITDA	-31.46	-3.39	-3.06	14.26	13.51	15.39	4.28	70.66	0.00	0.00	0.00
Debt to NOPAT	14.88	-24.26	14.38	10.98	16.17	15.86	14.60	17.77	0.00	0.00	0.00
Net Debt to NOPAT	13.84	-22.44	13.34	10.42	14.90	14.84	13.50	16.84	0.00	0.00	0.00
Long-Term Debt to NOPAT	7.46	-14.55	5.81	4.85	6.64	6.40	7.52	8.90	0.00	0.00	0.00
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)	-1,100	1,526	1,830	1,811	-125	-228	209	102	156	84	138
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	0.08	0.03	0.07	0.08	0.10	0.10	0.09	0.09	0.00	0.00	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	1,121	1,019	1,266	1,205	1,249	1,266	1,067	1,112	1,110	1,026	976
Invested Capital Turnover	0.17	0.03	0.06	0.07	0.11	0.12	0.11	0.10	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	1,121	-1,510	-1,820	-1,795	128	247	-200	-93	-139	-86	-134
Enterprise Value (EV)	880	839	1,099	1,070	1,143	1,158	929	978	1,000	831	730
Market Capitalization	306	361	383	402	445	436	365	387	442	288	221
Book Value per Share	$7.72	$7.70	$7.58	$7.69	$7.53	$7.56	$7.00	$7.48	$7.36	$6.73	$6.56
Tangible Book Value per Share	$7.72	$7.70	$7.58	$7.69	$7.53	$7.56	$7.00	$7.48	$7.36	$6.73	$6.56
Total Capital	1,121	1,019	1,266	1,205	1,249	1,266	1,067	1,112	1,110	1,026	976
Total Debt	617	517	772	703	758	772	609	624	629	587	548
Total Long-Term Debt	309	310	312	311	311	312	314	313	313	388	238
Net Debt	574	478	716	668	699	722	563	591	559	542	509
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)	0.00	-0.68	0.00	0.00	0.00	0.83	0.00	0.00	9.20	0.70	0.00
Net Nonoperating Obligations (NNO)	617	517	772	703	758	772	609	624	629	587	548
Total Depreciation and Amortization (D&A)	-13	0.14	5.10	-34	5.12	-5.13	57	-88	-0.68	0.00	16
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic 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 Shares Outstanding	65.22M	65.22M	65.30M	65.22M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.12	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	65.22M	65.22M	65.30M	65.22M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M
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	65.22M	65.22M	65.30M	65.22M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M	65.30M
Normalized Net Operating Profit after Tax (NOPAT)	15	12	7.35	11	2.62	13	6.28	6.59	12	-1.63	3.13
Normalized NOPAT Margin	34.10%	33.10%	25.19%	29.78%	10.49%	32.38%	21.48%	23.01%	456.99%	-12.29%	15.36%
Pre Tax Income Margin	48.71%	47.28%	35.99%	42.54%	14.98%	46.26%	30.68%	32.87%	306.74%	-17.56%	21.94%
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	83.38%	-158.23%	96.00%	94.96%	132.63%	135.42%	145.39%	172.96%	0.00%	0.00%	0.00%
Augmented Payout Ratio	83.38%	-158.23%	96.00%	94.96%	132.63%	135.42%	145.39%	172.96%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

PennantPark Investment (NASDAQ: PNNT) has shown a clear improvement in operating performance over the last year, but the business still looks highly dependent on investment income, mark-to-market gains, and leverage. For a BDC-like income vehicle, the latest quarter was mixed: revenue and profitability rebounded sharply from the prior quarter, while the balance sheet remained heavily debt-funded.

Q2 2026 earnings turned back positive. PNNT reported net income of $2.3 million in Q2 2026, a strong reversal from a $8.2 million loss in Q3 2025.
Interest income recovered materially. Total interest income rose to $24.9 million in Q2 2026 from $6.1 million in Q3 2025, helping drive the earnings rebound.
Operating cash flow was positive in recent quarters. PNNT generated $51.5 million of operating cash flow in Q3 2025 and $26.6 million in Q2 2025, showing the portfolio can still produce cash.
Cash increased quarter-over-quarter in Q2 2026. Cash and equivalents rose to $44.8 million from $32.6 million in Q2 2025.
Equity remained solid relative to assets. Total common equity was $439.2 million in Q2 2026, providing a meaningful capital base versus $1.26 billion in assets.
Asset base stayed fairly stable. Total assets were $1.258 billion in Q2 2026, close to the prior-year range, suggesting the company has not dramatically expanded or contracted.
Share count has been steady. Weighted average shares outstanding stayed at about 65.3 million in recent quarters, limiting dilution concerns in the period shown.
Dividend payments continue to be a major cash use. PNNT consistently paid dividends each quarter, which is important for income investors but also reduces retained cash.
Leverage remains high. PNNT carried $587.2 million of short- and long-term debt in Q2 2026 against $439.2 million of equity, leaving the balance sheet meaningfully levered.
Book value has trended lower over the longer period shown. Total common equity declined from $503.6 million in Q3 2023 to $439.2 million in Q2 2026.
Quarterly results are volatile. Income swung from a $15.9 million profit in Q2 2025 to a $2.3 million loss in Q4 2025 and then back to a small profit, reflecting unstable mark-to-market results.
Realized and unrealized investment gains/losses have been a major drag. Several quarters showed large negative capital gains marks, including -$11.7 million in Q2 2026 and -$3.6 million in Q3 2025.
Operating cash generation has been uneven year over year. Q1 2025 operating cash flow of $134.5 million was followed by much weaker or more volatile quarters later in the period.

Overall, PNNT looks like a high-yield, high-leverage income stock with improving near-term earnings but still meaningful volatility beneath the surface. The recent rebound in income is encouraging, but investors should keep an eye on debt levels, book value trends, and the stability of investment returns.

08/21/26 10:55 PM ETAI Generated. May Contain Errors.

PennantPark Investment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PennantPark Investment's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

PennantPark Investment's net income appears to be on a downward trend, with a most recent value of $32.70 million in 2025, falling from $43.48 million in 2020. The previous period was $48.85 million in 2024. See where experts think PennantPark Investment is headed by visiting PennantPark Investment's forecast page.

Over the last 5 years, PennantPark Investment's total revenue changed from $83.70 million in 2020 to $109.14 million in 2025, a change of 30.4%.

PennantPark Investment's total liabilities were at $885.60 million at the end of 2025, a 1.1% decrease from 2024, and a 39.5% increase since 2021.

In the past 4 years, PennantPark Investment's cash and equivalents has ranged from $20.36 million in 2021 to $54.78 million in 2022, and is currently $51.78 million as of their latest financial filing in 2025.

Over the last 5 years, PennantPark Investment's book value per share changed from 0.00 in 2020 to 7.11 in 2025, a change of 710.5%.

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Financial statements for NASDAQ:PNNT last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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PennantPark Investment (PNNT) Financials

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PennantPark Investment (PNNT) Financials

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