Palmer Square Capital BDC Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Palmer Square Capital 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
FY2022
FY2022
FY2023
FY2024
FY2025
General and administrative
1.83
1.86
Operating expenses
17.6
34.5
55.3
81
70.9
Operating income
-16.9
-33.4
Interest expense
8.62
23.5
44.5
Net income
19.1
-74.5
108
47.7
-3.17
EPS, basic
1.47
1.78
2.26
1.93
1.66
EPS, diluted
1.47
1.78
2.26
1.93
1.66
Shares, basic (weighted)
15.5
23.1
25.7
32.4
32.1
Shares, diluted (weighted)
15.5
23.1
25.7
32.4
32.1
Balance sheet
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1.09
1.65
2.12
2.77
3.22
Total assets
1,217
1,057
1,122
1,431
1,219
Total liabilities
764
694
660
893
755
Paid-in capital
445
474
521
611
594
Retained earnings
8.04
-111
-58.7
-73.3
-130
Shareholders' equity
453
363
462
538
464
Total equity
453
363
462
538
464
Total liabilities and equity
1,217
1,057
1,122
1,431
1,219
Shares outstanding
22.8
24.3
27.1
32.6
31.3
Cash flow statement
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
19.1
-74.5
108
47.7
-3.17
Cash from operations
-438
25.1
19.5
-201
161
Purchases of investments
-663
-374
-579
-868
-601
Stock issued
189
5.02
17.7
89.7
0
Share buybacks
0
0
-1.26
-18
Cash from financing
438
-24.6
-19.1
201
-160
Net change in cash
0.41
0.56
0.47
0.65
0.45
Interest paid
7.31
22.3
42.2
54.6
52
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 $9.78 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-7.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-2.7%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-106.7%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-14.0%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y
-2.3%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y
85.6%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-13.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
8.5%
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
-14.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
4.9%
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
-0.7%
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
11.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
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
$3.99
Cash from operations / diluted weighted shares.
Book value per share
$13.21
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
0.74x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.74x
Market cap / tangible book value, when positive.
P/OCF
2.43x
Market cap / cash from operations, when positive.
Earnings yield
-10.3%
Net income / market cap (the inverse of P/E).
Shareholder yield
6.0%
(Dividends paid + share buybacks) / market cap.
Was Palmer Square Capital BDC Inc. profitable in fiscal 2025?
No. It reported a net loss of $3.2M.
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.