Bain Capital Specialty Finance, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Bain Capital Specialty Finance, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Interest expense
63.3
51.3
52.3
80
74.7
80.6
Income tax
0
0
0
Net income
8.28
120
105
123
119
98.8
EPS, basic
0.14
1.86
1.63
1.91
1.85
1.53
EPS, diluted
0.14
1.86
1.63
1.91
1.85
1.53
Shares, basic (weighted)
58.7
64.6
64.6
64.6
64.6
64.8
Shares, diluted (weighted)
58.7
64.6
64.6
64.6
64.6
64.8
Balance sheet
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
81.7
87.4
30.2
43
51.6
23.1
Total assets
2,571
2,592
2,472
2,632
2,663
Total liabilities
1,471
1,476
1,336
1,492
1,545
Total debt
1,415
1,385
1,256
1,390
1,471
Paid-in capital
1,168
1,168
1,168
1,159
1,161
Retained earnings
-52.1
-32
-19.9
-43.8
Shareholders' equity
1,100
1,116
1,136
1,140
1,117
Total equity
1,068
1,100
1,116
1,136
1,140
1,117
Total liabilities and equity
2,571
2,592
2,472
2,632
2,663
Shares outstanding
64.6
64.6
64.6
64.6
64.6
64.9
Cash flow statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
8.28
120
105
123
119
98.8
Change in payables
1
0.64
-0.94
6.63
5.19
-1.86
Cash from operations
89.4
266
-317
219
-27.1
29.5
Purchases of investments
-103
Debt issued
597
1,425
793
348
867
1,306
Debt repaid
-711
-1,462
-462
-480
-735
-1,228
Stock issued
132
Dividends paid
-87.8
-87.8
-99.4
-114
-146
Cash from financing
-76.5
-139
238
-231
14.3
-71.9
Exchange rate effect
-0.05
-5.04
0.65
-1.08
-0.57
2.2
Net change in cash
12.9
127
-78.5
-12.2
-12.8
-42.4
Interest paid
67.9
46.8
43.4
75.3
70.1
76.9
Income taxes paid
0.24
0.13
0.83
2.25
3.34
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.23 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
5.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
2.6%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-17.3%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
-2.2%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y
64.2%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y
-17.3%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y
-2.1%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y
61.3%
Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y
-19.9%
Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-2.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
0.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
1.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
0.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
0.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
0.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
2.0%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
1.22x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
53.6%
Total debt / total assets.
Liabilities / assets
55.9%
Total liabilities / total assets.
Net debt
$1.27B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
$4.05
Cash from operations / diluted weighted shares.
Book value per share
$16.49
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$728.5M
Share price x shares outstanding.
Enterprise value
$2.00B
Market cap + total debt - cash - short-term investments.
P/E
11.8x
Market cap / net income. Only when net income is positive.
P/B
0.68x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.68x
Market cap / tangible book value, when positive.
P/OCF
2.78x
Market cap / cash from operations, when positive.
Earnings yield
8.5%
Net income / market cap (the inverse of P/E).
Dividend yield
16.6%
Dividends paid over the period / market cap.
Shareholder yield
16.6%
(Dividends paid + share buybacks) / market cap.
Was Bain Capital Specialty Finance, Inc. profitable in fiscal 2025?
Yes. Net income was $98.8M, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.