SLR Investment (SLRC) Financials

SLR Investment Corp. (NASDAQ: SLRC) has shown a generally positive earnings trend over the last four years, with steady net income growth and consistent dividend payments. The company has maintained stable equity levels and managed its debt carefully, though some fluctuations in cash flows and realized capital gains have impacted quarterly results.

• Net income has increased from $6.8 million in Q1 2023 to $24.2 million in Q2 2025, showing solid profitability growth.
• Diluted earnings per share (EPS) improved from $0.13 in Q1 2023 to $0.44 in Q2 2025, reflecting effective earnings expansion relative to shares outstanding.
• Operating cash flow was positive in most quarters, reaching $162 million in Q4 2024, indicating strong cash generation from core operations.
• The company consistently paid dividends around $22 million quarterly, supporting shareholder returns.
• Total assets and equity have remained stable, with total common equity near $990 million in recent quarters, suggesting balanced capital structure management.
• Trading account securities represent a large portion of assets (around $2.1 billion), highlighting a focus on marketable securities rather than loans or leases.
• Long-term debt has fluctuated between roughly $1.0 billion to $1.2 billion, indicating active debt management but with no clear trend upward or downward.
• Retained earnings are negative (about -$126 million), reflecting accumulated losses or distributions over time despite recent profits.
• There are significant swings in net realized and unrealized capital gains or losses each quarter, with large negative impacts in 2022-2023 as low as -$75 million total non-interest income in some quarters, reducing overall revenue.
• Some quarters showed negative net cash flow from operating activities, notably Q2 2025 at -$205 million, indicating volatility in working capital or other operational challenges.

In summary, SLR Investment Corp. is demonstrating improving profitability and stable capital structure while facing volatility from investment income components and operating cash flows. Retail investors should monitor how the company manages capital market exposures and working capital going forward as these impact earnings consistency.