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. In the quarter to June 2026, revenue fell 31.1%, EPS fell 75.4%, free cash flow grew 238.1% and total debt fell 18.7%, each against the same quarter a year earlier.
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Investcorp Credit Management BDC, Inc. (ICMB) Piotroski F-score
Investcorp Credit Management BDC, Inc.'s Piotroski F-score for fiscal 2025 cannot be worked out: no comparable prior fiscal year (a missing year or a changed year end).
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 4 | (2.00) |
| FY2023 | 6 | 0.00 |
| FY2022 | 6 | 3.00 |
| FY2021 | 3 | 0.00 |
| FY2020 | 3 | 0.00 |
| FY2019 | 3 | 1.00 |
| FY2018 | 2 | (3.00) |
| FY2017 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | — | — | n/a | — |
| Positive operating cash flow | 11.65m | — | Pass | 1 |
| Rising return on assets | — | — | n/a | — |
| Cash flow above net income | 20.50m | — | Pass | 1 |
| Falling long-term leverage | — | — | n/a | — |
| Rising current ratio | 4.10 | — | n/a | — |
| No new shares issued | 14,421,800 | — | n/a | — |
| Rising gross margin | 100.00% | — | n/a | — |
| Rising asset turnover | — | — | n/a | — |
| Piotroski F-score | n/a — no comparable prior fiscal year (a missing year or a changed year end) | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BCG Binah Capital Group, Inc. compare | 7 |
| BNKK Bonk, Inc. compare | 6 |
| JP Jupai Holdings Limited compare | 5 |
| TWAV TaoWeave, Inc. compare | 5 |
| EQS Equus Total Return, Inc. compare | 2 |
| BENF Beneficient compare | — |
| ALP Alpha Compute Corp compare | — |
| ICMB Investcorp Credit Management BDC, Inc. | — |
| SFES Safeguard Scientifics, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover