Prospect Capital (PSEC) Q1 FY2027 earnings: revenue $133 million, down 13.0% on the year

Prospect Capital Corp. (PSEC) reported revenue of $133 million for Q1 FY2027, the quarter ended 30 September 2026, down 13.0% on the same quarter a year earlier. Net income was -$22 million, and diluted earnings per share $-0.10. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$133 million

-13.0% on the year · -5.5% on the quarter

Q2 FY2025Q1 FY2027

Operating margin

n/a

Q2 FY2025Q1 FY2027

Net income

-$22 million

Q2 FY2025Q1 FY2027

Diluted EPS

-$0.10

Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 3 new.

Net loss to common shareholders: Net loss applicable to common shareholders was $53.4 million, or $(0.10) per share, against a $(0.08) loss in June 2026 and $48.1 million of income, or $0.10, a year earlier.
Realized and unrealized losses on investments: Net realized and net change in unrealized losses from investments totaled $98.6 million, including $71.6 million of net realized losses and $27.0 million of net change in unrealized losses.
Non-accrual loans declined: Non-accrual loans were 1.8% of investments at cost, down from 4.7% in June 2026 and 6.1% a year earlier. At fair value they were 0.2%, against 0.7% in June 2026.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Revenue	133	140	152	-5.5%	-13.0%
Net income	-21.6	-4.5	78.0
Net margin	-16.3%	-3.2%	51.2%
Diluted EPS	-$0.10	n/a	$0.08

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Operating cash flow	382	-43.9	279		+36.8%
Cash from financing	-387	52.9	-243
Dividends paid	55.3	58.0	62.4	-4.7%	-11.4%
Diluted shares, weighted	524m	480m	877m	+9.3%	-40.2%
Shares outstanding at period end	536m	513m	466m	+4.6%	+15.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Shareholders' equity	2,875	2,929	3,005	-1.8%	-4.3%
Redeemable equity	1,551	1,574	1,625	-1.5%	-4.5%
Debt	1,522	1,861	1,921	-18.2%	-20.8%
Other liabilities	91.0	84.7	91.4	+7.5%	-0.4%
Cash and equivalents	38.0	43.6	86.5	-12.8%	-56.1%
Total assets	6,039	6,449	6,642	-6.4%	-9.1%

Questions

What was Prospect Capital's revenue in Q1 FY2027?

Prospect Capital (PSEC) reported revenue of $133 million for Q1 FY2027, the quarter ended 30 September 2026, down 13.0% on the same quarter a year earlier.

How much did Prospect Capital earn in Q1 FY2027?

Net loss for Q1 FY2027 was $22 million, and the diluted loss per share $0.10.

When did Prospect Capital report Q1 FY2027 results?

Prospect Capital filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	142	142	154	174	191	198	197	202	195	184	189	185	169	159	158	152	149	140	140	133
Interest expense	29.7	29.2	30.5	33.9	37.8	37.5	39.0	n/a	40.0	39.8	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net income	254	164	-56.6	-92.4	72.3	-89.0	-13.9	117	-27.7	144	29.6	-134	-0.1	-140	-196	78.0	23.7	56.5	-4.5	-21.6
Net margin	178%	115%	-37%	-53%	38%	-45%	-7%	58%	-14%	78%	16%	-73%	-0%	-88%	-124%	51%	16%	40%	-3%	-16%
Diluted EPS	$0.61	$0.38	-$0.17	-$0.27	$0.13	-$0.27	n/a	$0.18	-$0.13	$0.20	n/a	-$0.38	-$0.07	-$0.39	-$0.51	$0.08	-$0.01	$0.05	n/a	-$0.10
Operating cash flow	-291	-288	-206	-76.9	-121	96.2	-120	95.1	79.4	-22.3	128	174	279	78.6	-7.6	279	85.6	196	-43.9	382
Dividends paid	70.2	70.4	70.7	71.1	71.7	72.0	72.5	73.3	74.1	74.7	75.6	77.4	65.6	60.0	61.2	62.4	63.9	65.4	58.0	55.3
Shares outstanding	391m	392m	393m	396m	399m	401m	404m	409m	413m	416m	425m	434m	439m	447m	456m	466m	476m	488m	513m	536m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.