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Oxford Square Capital (OXSQ) investor relations material
Oxford Square Capital Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net investment income for Q2 2025 was $5.5 million ($0.08 per share), down from $6.1 million ($0.09 per share) in the prior quarter and $7.7 million ($0.13 per share) a year ago.
Net asset value per share declined to $2.06 as of June 30, 2025, from $2.09 in the prior quarter and $2.43 a year ago.
Total investment income for Q2 2025 was $9.5 million, down from $10.2 million in the prior quarter and $11.4 million a year ago.
Distributions declared and paid were $0.105 per share for Q2 2025, with $0.035 per share declared for each of October, November, and December 2025.
Portfolio fair value was $241.5 million at June 30, 2025, with 57 portfolio investments.
Financial highlights
Net realized losses on investments were $2.4 million in Q2 2025, a significant improvement from $14.5 million for the six months ended June 30, 2025.
Net unrealized gains on investments were $1.3 million in Q2 2025, reversing prior losses.
Weighted average yield of debt investments was 14.5% at cost, up from 14.3% last quarter.
Debt to equity ratio improved to 0.73x from 0.84x sequentially.
Total expenses for Q2 2025 were $4.0 million, up from $3.7 million a year ago.
Outlook and guidance
Regular monthly distributions of $0.035 per share declared through December 2025.
Announced a $65 million public offering of 7.75% unsecured notes due February 2030 for investments and debt repayment.
Management expects continued focus on corporate debt and CLO investments, with portfolio diversification and risk management as priorities.
No material changes to risk factors or business strategy were reported for the period.
Forward-looking statements caution about uncertainties and risks that could impact future results.
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