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Financial statements

Investcorp Credit Management BDC, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Investcorp Credit Management BDC, 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

FY2021FY2023FY2023FY2024FY2025
Operating expenses1815.717.317.415.4
Interest expense7.366.638.41
Income tax0.270.270.290.27
Net income-2.312.593.23-4.09-8.85
EPS, basic-0.170.180.22-0.28-0.61
EPS, diluted-0.170.180.22-0.28-0.61
Shares, basic (weighted)13.914.314.414.414.4
Shares, diluted (weighted)13.914.314.414.414.4
Dividend per share0.690.600.630.600.52

Balance sheet

FY2021FY2023FY2023FY2024FY2025
Cash and equivalents12.69.161.090.164.58
Total assets246232192189
Total liabilities153144117129
Total debt167149137108124
Paid-in capital204203203203
Retained earnings-104-110-116-128-144
Shareholders' equity93.587.77559.4
Total equity93.587.77559.4
Total liabilities and equity246232192189
Shares outstanding13.914.414.414.414.4

Cash flow statement

FY2021FY2023FY2023FY2024FY2025
Net income-2.312.593.23-4.09-8.85
Cash from operations20.221.220.737.111.7
Debt repaid0-10200
Stock issued03.1400
Share buybacks00-0.04
Dividends paid-9.87-8.51-8.61-11.2-9.12
Cash from financing-27.9-24.7-20.7-41.1-8.76
Net change in cash-7.69-3.45-0-4.042.89
Interest paid7.776.017.698.957.61
Income taxes paid0.270.270.290.270.47

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.86 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-40.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-12.5%Net income / average total assets.

Balance sheet health

MetricValueHow it is calculated
Debt / equity2.21xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets68.1%Total debt / total assets.
Liabilities / assets69.2%Total liabilities / total assets.
Net debt$99.0MTotal debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value$49.7MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.40Net 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$2.31Cash from operations / diluted weighted shares.
Book value per share$3.44Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$3.44Tangible book value / shares outstanding.
Cash per share$0.76(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$12.4MShare price x shares outstanding.
Enterprise value$111.4MMarket cap + total debt - cash - short-term investments.
P/B0.25xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.25xMarket cap / tangible book value, when positive.
P/OCF0.37xMarket cap / cash from operations, when positive.
Earnings yield-162.2%Net income / market cap (the inverse of P/E).
Dividend yield32.2%Dividends paid over the period / market cap.
Shareholder yield32.2%(Dividends paid + share buybacks) / market cap.
Was Investcorp Credit Management BDC, Inc. profitable in fiscal 2025?

No. It reported a net loss of $8.8M.

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.

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