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Investcorp Credit Management BDC, Inc.

ICMB Financial Asset Management

Investcorp Credit Management BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.4 million, down 27.1% from fiscal 2024.

Revenue
−31.1%
EPS
−75.4%
Free cash flow
+238.1%
Total debt
−18.7%

Quarter to June 2026, against a year earlier

0.63 0.02 +3.28%
Market cap
$8.8M
P/E
0.0×
Fwd P/E
20.5×
Dividend yield
0.00%
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 16.44%

Capital & Financial Ratios $m

Size
Market Cap 8.81
Revenue ttm 15.17
Net income ttm (19.91)
Free cash flow ttm 33.41
Net debt Q 88.46
Valuation
P/E 0.00
Forward P/E 20.50
Price / sales 0.60
Forward P/S Powerpack
Price / FCF 0.27
Price / book 0.18
Financial health
Current ratio Q 7.28
Debt / equity Q 2.20
Interest coverage Q 0.83
Growth
Revenue growth Q −31.05% (below 0%: shrinking)
Operating income growth Q −197.22% (below 0%: shrinking)
EPS, this year −21.74% (below 0%: weak)
EPS, next year A +5.26%
Revenue, next year A +5.31%
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 0.18%
10-year low 10-year high
P/B against its own 10 years 0.22%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
—
Growth, 2017–25
−11.8%/yr
  1. 0.99 ’17
  2. 0.99 ’18 +0
  3. 0.99 ’19 +0
  4. 0.58 ’20 −42
  5. 0.45 ’21 −22
  6. 0.45 ’22 +0
  7. 0.38 ’23 −16
  8. 0.24 ’24 −37
  9. 0.36 ’25 +50
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 9 5 15 21
Receivables 2 2 1 4
Inventory — — — —
Other — — — —
12 7 16 25
2023 2024 2025 Q'26
Payables 8 10 3 1
ST’ Debt — — — —
Other — — — —
9 11 4 3

Compound Annual Growth %

10y 5y 3y
Sales (7.25%) (12.78%) (10.70%)
Cash Flow 0.00% 0.00% (18.11%)
Earnings 0.00% 0.00% 0.00%
Book Value (11.01%) (10.72%) (13.12%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY24 Estimate 0.12 Actual 0.14

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY23 0.15 0.16 Beat by 0.01
Q1 FY24 0.12 0.11 Miss by 0.01
Q2 FY24 0.12 0.14 Beat by 0.02
Q3 FY24 0.12 0.14 Beat by 0.02

EPS $

Sep Dec Mar Jun Year
’26 — — (0.60) (0.08) —
’25 0.46 (0.65) 0.15 (0.05) (0.61)
’24 (0.12) (0.17) 0.17 (0.13) (0.28)
’23 0.12 0.04 (0.08) 0.14 0.22
’22 0.23 0.24 0.00 (0.29) 0.18
’21 0.20 0.22 0.27 (0.86) (0.17)
’20 (0.07) 0.22 (1.76) (0.17) (1.79)
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 — — 4 3 —
’25 7 4 4 5 17
’24 6 6 7 5 24
’23 6 7 7 7 27
’22 6 6 6 6 24
’21 7 7 6 7 27
’20 9 9 9 8 34
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — 11 9 —
’25 0 12 5 (7) 12
’24 11 2 14 11 37
’23 (5) 14 16 5 21
’22 4 9 (4) 25 21
’21 13 6 40 (20) 20
’20 (20) 20 (4) (7) (11)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — 11 9 —
’25 0 12 5 (7) 12
’24 11 2 14 11 37
’23 (5) 14 16 5 21
’22 4 9 (4) 25 21
’21 13 6 40 (20) 20
’20 (20) 20 (4) (7) (11)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 36 31 41 34 34 27 24 27 24 17 15 (7.6%) 18 17 — +0.3%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT (9) 24 16 (15) (25) (2) 3 3 (4) (9) (20) (0.6%)
EBT margin, % (26.26) 76.03 38.31 (42.28) (71.55) (8.67) 10.59 12.12 (17.14) (50.86) (132.75) (24.6) pt
Net income (9) 24 16 (15) (25) (2) 3 3 (4) (9) (20) (0.6%)
Per share, $
Per share, $ Revenue 2.60 2.27 2.98 2.52 2.51 1.92 1.71 1.85 1.66 1.21 1.05 (8.2%)
Earnings (0.68) 1.72 1.14 (1.07) (1.79) (0.17) 0.18 0.22 (0.28) (0.61) (1.42) (1.3%)
Cash flow 3.02 3.31 (2.06) (1.02) (0.77) 1.45 1.48 1.44 2.57 0.81 2.31 (13.6%)
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 3.02 3.31 (2.06) (1.02) (0.77) 1.45 1.48 1.44 2.57 0.81 2.31 (13.6%)
Book value 11.90 12.42 12.53 10.50 7.87 6.93 6.54 6.09 5.21 4.25 3.44 (10.8%)
Shares, m 14 14 14 14 14 14 14 14 14 14 14 +0.6%
Valuation, ×
Valuation, × P/E 0.00 5.81 7.89 0.00 0.00 0.00 24.15 16.45 0.00 0.00 0.00 5.4
P/S 3.39 4.41 3.02 3.01 1.39 2.81 2.48 1.95 2.04 2.24 0.60 2.7
P/B 0.74 0.81 0.72 0.72 0.44 0.78 0.65 0.59 0.65 0.66 0.18 0.7
EV/Sales 6.05 6.58 3.19 7.04 6.09 8.60 8.21 6.69 6.28 8.46 — 6.7
EV/FCF 3.76 2.57 (2.01) (13.69) (19.76) 5.84 5.88 5.97 4.05 12.62 — 0.5
Cash, $m
Cash, $m Operating cash flow 41 45 (28) (14) (11) 20 21 21 37 12 33 (13.1%)
Capex — — — — — — — — — — — —
Free cash flow 41 45 (28) (14) (11) 20 21 21 37 12 33 (13.1%)
Balance, $m
Balance, $m Working capital 22 17 0 3 20 16 7 3 (4) 12 22 (6.5%)
Net debt 95 68 110 139 162 153 138 127 101 108 88 +1.5%
Shareholders’ equity 163 170 172 143 108 96 94 88 75 61 50 (10.3%)
Returns, %
Returns, % ROA (2.75) 7.66 5.12 (4.46) (7.78) (0.82) 1.01 1.35 (1.93) (4.64) (10.45) (1.9) pt
ROIC 4.82 4.12 4.22 2.99 3.28 2.28 2.41 2.75 2.34 0.70 0.33 (4.1) pt
ROE (5.20) 14.17 9.15 (9.24) (19.63) (2.26) 2.72 3.57 (5.03) (12.98) (32.04) (7.8) pt
People
People Employees 3 3 3 2 2 2 2 6 6 6 — +8.0%
Revenue/emp, $m 11.86 10.34 13.60 17.20 17.23 13.34 12.22 4.45 3.98 2.90 — (14.5%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Investcorp Credit Management BDC, Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TGE The Generation Essentials Group $17.0M — — — — — — — Compare
INV Innventure, Inc. $13.7M — (loss-making) — +100.21% (above 0%: growing) n/m −16.26% (below 0%: shrinking) (432.32%) (3,304.09%) Compare
BENF Beneficient $13.2M — (loss-making) — (loss-making) +196.37% (above 0%: growing) n/m +62.45% (above 0%: growing) 100.00% 34.47% Compare
AMTD AMTD IDEA Group $11.0M 11.0× — (loss-making) +90.59% (above 0%: growing) −31.02% (below 0%: shrinking) — 0.00% 0.00% Compare
EQS Equus Total Return, Inc. $8.9M — (loss-making) 32.9× −10.92% (below 0%: shrinking) n/m +113.19% (above 0%: growing) 100.00% (266.98%) Compare
ICMB Investcorp Credit Management BDC, Inc. $8.8M — (loss-making) 20.5× −31.05% (below 0%: shrinking) n/m +238.07% (above 0%: growing) 100.00% 59.40%
SFES Safeguard Scientifics, Inc. $7.5M 0.5× — — n/m +42.68% (above 0%: growing) 0.00% 0.00% Compare
TWAV TaoWeave, Inc. $4.8M — (loss-making) 12.4× −11.82% (below 0%: shrinking) n/m +107.53% (above 0%: growing) 52.49% (161.11%) Compare
ALP Alpha Compute Corp $4.6M — (loss-making) — (loss-making) — n/m +66.68% (above 0%: growing) 0.00% 0.00% Compare
Median of peers $10.0M — — +90.59% — +64.57% 0.00% 0.00%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 10 November 2025

Ownership

Directors and executive officers, together 1.31%
Investcorp BDC Holdings Limited 24.84%
Stifel Venture Corp. 15.13%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Investcorp Credit Management BDC, Inc. (ICMB) Latest News

14 Aug

Impact 3 ·

26 May

Impact 3 · · GlobeNewswire

12 May

Impact 3 · · Business Wire

20 Apr

Impact 4 ·

8 Apr

Impact 3 · · GuruFocus.com

2 Apr

Impact 4 · · The Motley Fool transcript

1 Apr

Impact 3 · · Moby
Impact 3 · · GuruFocus.com

30 Mar

Impact 4 · · Business Wire

24 Nov

Impact 3 · · GuruFocus.comGuruFocus.comGuruFocus.comGuruFocus.comGuruFocus.comGuruFocus.com transcript

12 Nov

Impact 3 · · Business Wire
Impact 3 ·

15 Aug

Impact 3 · · GuruFocus.com transcript

12 Aug

Impact 3 ·
Impact 3 ·

14 May

Impact 3 · · Associated Press Finance
Impact 3 · · Zacks
Impact 3 · · Business Wire

13 May

Impact 3 ·
Impact 3 · · Business Wire

25 Mar

Impact 3 · · Business Wire earnings

18 Nov

Impact 3 · · GuruFocus.com

1 Nov

Impact 3 · · Business Wire

25 Sep

Impact 3 · · Business Wire

23 Sep

Impact 3 · · Business Wire

20 May

Impact 4 · · Zacks

1 May

Impact 3 · · Business Wire

21 Feb

Impact 3 · · Business Wire

20 Feb

Impact 3 · · Business Wire

13 Feb

Impact 4 · · Business Wire
stockrow.com/ICMB · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com