The decline in net investment income despite stable NAV suggests margin pressure, likely from lower interest rates and portfolio yield compression. Traders should monitor the sustainability of the distribution coverage and any changes in portfolio yield in the next quarter.
Price Chart
Executive Summary
SLR Investment Corp. (SLRC) reported net investment income (NII) of $0.40 per share for Q4 2025, matching the prior quarter. Full-year NII declined to $1.59 per share from $1.77 in 2024, reflecting lower gross investment income. NAV increased slightly to $18.26 per share, and the company declared a $0.41 per share distribution. Portfolio credit quality remains strong with 100% performing loans.
Key Financial Metrics
Key Facts
- Q4 2025 NII was $0.40 per share, flat QoQ but down from $1.77 per share in 2024
- Full-year 2025 NII was $86.9 million ($1.59 per share), down from $96.3 million ($1.77 per share) in 2024
- Gross investment income declined to $218.5 million in 2025 from $232.4 million in 2024
- NAV increased to $18.26 per share as of December 31, 2025, from $18.20 per share a year ago
- Portfolio remains 100% performing with no investments on non-accrual
- Company declared a $0.41 per share quarterly distribution
Financial Impact
Net investment income decreased by 9.8% year-over-year from $96.3 million to $86.9 million
Segment Breakdown
| Segment | Revenue |
|---|---|
| Sponsor Finance | $140.5M |
| Asset-based Lending | $109.1M |
| Equipment Finance | $138.5M |
| Life Science Finance | $110.4M |
Risk Factors
- Declining net investment income may pressure future distribution coverage
- Lower gross investment income indicates portfolio yield compression or asset base contraction
- Leverage increased to 1.14x from 1.03x year-ago, increasing interest rate sensitivity
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-001058 |
| Document: f8k_022426.htm | 0001171843-26-001058 |
| Document: 0001171843-26-001058-index-headers.html | 0001171843-26-001058 |
| Document: 0001171843-26-001058-index.html | 0001171843-26-001058 |
| Document: 0001171843-26-001058.txt | 0001171843-26-001058 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | DEFA14A | $11.50 | awaiting T+60 | — | $11.17 (−2.87%) |
Oct 7, 2026 19d ago | DEFA14A | $11.50 | awaiting T+60 | — | $11.17 (−2.87%) |
Oct 7, 2026 19d ago | DEF 14A | $11.50 | awaiting T+60 | — | $11.17 (−2.87%) |
Jul 1, 2026 16w ago | Press Release | $12.45 $11.68 | ▼ −6.18% | ▼ −9.14% | $11.17 (−10.28%) |
Apr 8, 2026 28w ago | Press Release | $14.78 $12.36 | ▼ −16.37% | ▼ −26.83% | $11.17 (−24.42%) |
Mar 3, 2026 34w ago | Insider Cluster | $14.38 $13.14 | ▼ −8.64% | ▼ −18.96% | $11.17 (−22.34%) |
Feb 24, 2026 34w ago | 8-K | $14.70 $13.11 | ▲ +10.84% | ▲ +17.79% | $11.17 (+24.03%) |
US Market Status
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