SLR Investment Corp. (SLRC) Earnings
SLR Investment Corp. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.34. SLRC has beaten EPS estimates in 3 of its last 12 reported quarters (average surprise -4.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.40 | $0.33 | -17.5% | $49M | -8.7% |
| Feb 25, 2026 | $0.40 | $0.40 | +0.0% | $92M | +70.0% |
| Nov 4, 2025 | $0.41 | $0.40 | -2.4% | $45M | -17.6% |
| Feb 25, 2025 | $0.43 | $0.44 | +2.3% | $41M | -28.7% |
| Feb 27, 2024 | $0.43 | $0.44 | +2.3% | $62M | +3.1% |
| May 10, 2023 | $0.43 | $0.41 | -4.7% | $10M | -82.2% |
| Feb 28, 2023 | $0.41 | $0.41 | +0.0% | $23M | -57.5% |
| Nov 2, 2022 | $0.39 | $0.37 | -5.1% | $15M | -66.9% |
| Aug 2, 2022 | $0.34 | $0.37 | +8.8% | $-15M | -135.4% |
| May 3, 2022 | $0.37 | $0.35 | -5.4% | $5M | -85.3% |
| Mar 1, 2022 | $0.38 | $0.35 | -7.9% | $9M | -75.2% |
| Nov 3, 2021 | $0.37 | $0.36 | -2.7% | $16M | -56.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Private credit industry is in middle stages of credit cycle, requiring disciplined underwriting and capital preservation. Specialty finance strategies offer higher returns and downside protection. • Portfolio has $3.2 billion at quarter end, with approximately 98% senior secured loans, 94.5% first lien. Weighted average investment risk rating under two. • Asset - based lending: portfolio totaled just under $1.4 billion across 250 issuers, 43% of total portfolio. Originated $77 million new investments and had repayments of $194 million. • Equipment finance: portfolio totaled just under $1.1 billion, 33% of total portfolio. Originated $122 million new assets and had repayments of $126 million. • Life sciences: portfolio had just over $180 million senior secured investments, 6% of total portfolio. Pipeline of new opportunities picked up, team expanded. • Cash flow lending: portfolio was $480 million across 28 borrowers, 2% allocated to software. Weighted average EBITDA approximately $110 million, 100% in first lien, weighted average LTV 38%.
Guidance
• Board authorized one - year extension of $50 million stock repurchase program. • Reduced performance - based incentive fee payable to 17.5% from 20%. • Expect to grow earnings through initiatives like expanding sourcing in specialty finance, strategic partnerships, and team expansion. • Intend to be opportunistic in market dislocations and evaluate strategic transactions.
Segment performance
For the first quarter of 2026, SLR Investment Corp reported net investment income (NII) of 33 cents per share and net income of 31 cents per share. NII was down sequentially due to factors like lagged impact of Fed rate cut, contraction of comprehensive portfolio as deal activity slowed, and decline in fee income. Net asset value per share was $18.16 as of March 31st, down one - half of 1% sequentially but flat year over year. The comprehensive portfolio was $3.2 billion as of March 31st. Approximately 85% of portfolio investments were in senior secured specialty finance loans. Weighted average asset level yield was 11.1% at quarter end, down from 11.6% prior quarter. 94.5% of comprehensive investment portfolio was first lien senior secured loans, 100% of investments at cost were performing with zero non - accrual, and watch list investments were 2.2%.
Risks & headwinds
• Rising geopolitical uncertainty. • Concerns about disruptive impacts of artificial intelligence on economy and private credit asset class. • Uncertainty regarding mark - to - market of certain assets and potential permanent value destruction in some industries. • Market concerns of increasing defaults in private credit portfolios.
Analyst Q&A
Q: Eric Swick asked about when to see benefits of initiatives to rebuild income.
A: It will take a few quarters. Bringing more assets into portfolio like in ABL and life sciences, and strategic sourcing arrangements will contribute.
Q: Rick Shane asked about dividend and long - term return objectives.
A: Dividend set at level expected to be covered in near term. Long - term, initiatives like portfolio acquisitions and expanding sourcing will help earnings move back.
Q: Robert Dodd asked about driver of portfolio repayments.
A: In asset - based lending, repayments include seasonal repayments, refinancing, and pressure on borrowers to exit.
Q: Finian O'Shea asked about fee change.
A: Fee change to 17.5% was initiated by team, not long discussion, and lower hurdle rate not considered as team not focused on hurdle rate.