CGBD on Nasdaq
Carlyle Secured Lending, Inc.
Price unavailable
Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| PIK income | $23.1M | $21.4M | $20.5M |
| Other income | $5.3M | $4.7M | $5.0M |
| Total investment income | $255.6M | $232.6M | $241.6M |
| Base management fees (Note 4) | $34.6M | $26.9M | $28.5M |
| Incentive fees (Note 4) | $21.1M | $21.6M | $22.6M |
| Professional fees | $3.8M | $3.0M | $2.7M |
| Administrative service fees (Note 4) | $1.8M | $1.6M | $1.3M |
| Interest expense and credit facility fees (Note 9) | $88.1M | $68.5M | $71.7M |
| Directors fees and expenses | $735.0K | $601.0K | $444.0K |
| Other general and administrative | $2.8M | $2.3M | $2.0M |
| Total expenses | $152.9M | $124.6M | $129.2M |
| Net investment income (loss) before taxes | $102.7M | $108.0M | $112.4M |
| Excise tax expense | $1.9M | $2.7M | $2.4M |
| Net investment income (loss) | $100.7M | $105.3M | $110.0M |
| Net realized gain (loss) on investments | -$58.1M | -$38.3M | -$21.2M |
| Net realized currency gain (loss) on non-investment assets and liabilities | -$815.0K | -$1.4M | $385.0K |
| Net realized gain (loss) on forward currency contracts | $313.0K | $0 | $0 |
| Net change in unrealized appreciation (depreciation) on investments | $39.2M | $18.3M | $7.1M |
| Net change in unrealized currency gain (loss) on non-investment assets and liabilities | -$9.7M | $3.4M | -$3.9M |
| Net change in unrealized gain (loss) on forward currency contracts | -$1.7M | $1.7M | $0 |
| Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments, non-investment assets and liabilities, and forward currency contracts | -$30.8M | -$16.3M | -$17.7M |
| Net increase (decrease) in net assets resulting from operations | $70.0M | $89.0M | $92.3M |
| Preferred stock dividend | $826.0K | $3.5M | $3.5M |
| Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders | $69.1M | $85.5M | $88.8M |
| Basic (in dollars per share) | $1.02 | $1.68 | $1.75 |
| Diluted (in dollars per share) | $1.01 | $1.58 | $1.64 |
| Basic (in shares) | 67.7M shares | 50.8M shares | 50.8M shares |
| Diluted (in shares) | 69.0M shares | 56.5M shares | 56.3M shares |
Every line of the balance sheet in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|
| Investments, at fair value | $2.5B | $1.8B | |
| Cash, cash equivalents and restricted cash | $76.5M | $56.6M | |
| Receivable for investments sold | $214.8M | $25.4M | |
| Interest and dividend receivable | $24.7M | $32.4M | |
| Derivative assets, at fair value (Note 8) | $298.0K | $1.9M | |
| Prepaid expenses and other assets | $10.0M | $6.2M | |
| Total assets | $2.8B | $1.9B | |
| Debt and secured borrowings (Note 9) | $1.5B | $960.9M | |
| Payable for investments purchased | $21.5M | $1.4M | |
| Interest and credit facility fees payable (Note 9) | $19.1M | $10.9M | |
| Dividend payable (Note 11) | $28.7M | $22.9M | |
| Base management and incentive fees payable (Note 4) | $14.4M | $11.9M | |
| Administrative service fees payable (Note 4) | $1.3M | $885.0K | |
| Derivative liabilities, at fair value (Note 8) | $1.4M | $6.9M | |
| Other accrued expenses and liabilities | $5.2M | $5.1M | |
| Total liabilities | $1.6B | $1.0B | |
| Cumulative convertible preferred stock, $0.01 par value; 0 and 2,000,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $0 | $50.0M | |
| Common stock, $0.01 par value; 198,000,000 shares authorized; 71,807,190 and 50,906,262 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $718.0K | $509.0K | |
| Paid-in capital in excess of par value | $1.4B | $1.0B | |
| Offering costs | -$1.6M | -$1.6M | |
| Total distributable earnings (loss) | -$195.7M | -$158.0M | |
| Total net assets | $1.2B | $905.2M | |
| NET ASSETS PER COMMON SHARE (in dollars per share) | $16.26 | $16.64 | $16.80 |
| Investments, amortized cost | $2.5B | $1.8B | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, issued (in shares) | 0 shares | 2.0M shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 2.0M shares | 2.0M shares |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 198.0M shares | 198.0M shares | |
| Common stock, issued (in shares) | 71.8M shares | 50.9M shares | |
| Common stock, outstanding (in shares) | 71.8M shares | 50.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations | $70.0M | $89.0M | $92.3M |
| Amortization of deferred financing costs and debt issuance costs | $5.3M | $3.5M | $1.3M |
| Net accretion of discount on investments | -$10.9M | -$11.0M | -$8.4M |
| Paid-in-kind interest | -$25.2M | -$22.9M | -$20.9M |
| Net realized (gain) loss on investments | $58.1M | $38.3M | $21.2M |
| Net realized currency (gain) loss on non-investment assets and liabilities | $815.0K | $1.4M | -$385.0K |
| Net change in unrealized (appreciation) depreciation on investments | -$39.2M | -$18.3M | -$7.1M |
| Net change in unrealized currency (gain) loss on non-investment assets and liabilities | $9.7M | -$3.4M | $3.9M |
| Cost of investments purchased and change in payable for investments purchased | -$1.3B | -$454.3M | -$207.2M |
| Proceeds from sales and repayments of investments and change in receivable for investments sold | $997.5M | $482.6M | $361.6M |
| Cash acquired in CSL III Merger | $37.8M | $0 | $0 |
| Cash acquired in Credit Fund II Purchase | $6.0K | $0 | $0 |
| Interest and dividend receivable | $18.4M | $1.3M | -$9.7M |
| Prepaid expenses and other assets | $2.3M | -$784.0K | $111.0K |
| Interest and credit facility fees payable | $5.6M | $2.3M | $1.8M |
| Base management and incentive fees payable | $1.0M | -$1.2M | $386.0K |
| Administrative service fees payable | $316.0K | -$2.1M | $1.3M |
| Other accrued expenses and liabilities | -$11.2M | $9.3M | -$595.0K |
| Net cash provided by (used in) operating activities | -$204.6M | $104.3M | $230.6M |
| Repurchase of common stock | -$13.9M | $0 | -$4.0M |
| Borrowings on Credit Facilities | $1.4B | $490.6M | $166.8M |
| Repayments of Credit Facilities | -$1.2B | -$535.5M | -$350.4M |
| Repayments of 2015-1R Notes | $0 | -$449.2M | $0 |
| Repayments of Senior Notes | -$85.0M | -$190.0M | $0 |
| Proceeds from issuance of 2015-1N Debt | $0 | $380.0M | $0 |
| Proceeds from issuance of Senior Notes | $300.0M | $300.0M | $85.0M |
| Deferred financing costs and debt issuance costs paid | -$7.3M | -$8.0M | -$5.0M |
| Proceeds from issuance of common stock from at the market offering, net of offering and underwriting costs | $101.0K | $0 | $0 |
| Dividends paid in cash | -$104.0M | -$96.0M | -$93.0M |
| Net cash provided by (used in) financing activities | $224.5M | -$108.1M | -$200.7M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $19.9M | -$3.9M | $29.9M |
| Interest and credit facility fees paid during the year | $77.3M | $63.6M | $68.4M |
| Taxes, including excise tax, paid during the year | $2.7M | $2.4M | $1.8M |
| Dividends declared on preferred and common stock during the year | $110.8M | $98.6M | $92.9M |
| Dividends reinvested during the year | $949.0K | $2.0M | $0 |
| Common stock issued in Preferred Stock Exchange | $50.0M | $0 | $0 |
Former names
Recent filings
- Aug 17, 20264
- Aug 6, 20268-K
- Aug 6, 202610-Q
- Jul 15, 20268-K
- Jun 11, 20268-K
- Jun 11, 20268-K
- Jun 2, 202640-17G
- Jun 2, 20264
- May 20, 20264
- May 11, 20268-K
- May 11, 202610-Q
- Apr 30, 2026DEF 14A
- Apr 30, 2026DEFA14A
- Apr 30, 2026DEFA14A
- Apr 30, 2026DEF 14A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8