Saturday 17 October 2026 Export PSBD’s income statement to Excel — free account

Palmer Square Capital BDC Inc.

Palmer Square Capital BDC Inc.’s revenue for fiscal 2025 (year ended December 2025) was $124.4 million, down 13.3% from fiscal 2024. In the quarter to June 2026, revenue fell 13.8%, EPS grew 22.7%, free cash flow fell 48.1% and total debt fell 14.4%, each against the same quarter a year earlier.

9.57 0.19 −1.95%

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Market cap: $299.2M
P/E: 0.0×
Fwd P/E: −89.9×
Dividend yield: 11.3%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 30.45%

Capital & Financial Ratios $m

Market Cap 299.16

Revenue 115.02

Net Income (30.74)

Free Cash Flow 123.57

Net Debt (721.28)

Current Ratio 1.56

Debt/Equity 0.97

P/E ratio 0.00

Fwd P/E (89.90)

P/S ratio 2.58

P/B ratio 0.73

Past 5Y EPS Growth —

This Y EPS Growth (59.72%)

Next Y EPS Growth 1,023.23%

Next Y revenue growth (14.63%)

Next 5Y EPS Growth (2.94%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate 1.08

Annual Dividend Yield 11.29%

	total	individual payouts
2027	Powerpack
2026	1.50	0.01 0.36 0.36
2025	1.59	0.03 0.06 0.06 0.36
2024	0.42	0.07 0.05 0.42 0.06
2023	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,111	1,410	1,207	1,116
Receivables	9	21	12	16
Inventory	—	—	—	—
Other	2	0	1	1
	1,122	1,431	1,219	1,133

	2023	2024	2025	Q'26
Payables	15	83	34	25
ST’ Debt	642	502	414	395
Other	—	—	—	—
	660	893	755	726

Compound Annual Growth %

	10y	5y	3y
Sales	—	37.33%	18.64%
Cash Flow	—	0.00%	85.64%
Earnings	—	0.00%	0.00%
Book Value	—	12.89%	8.49%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	26	27	—	—	—
’25	31	32	32	30	124
’24	35	37	37	35	144
’23	26	27	29	30	112
’22	14	16	20	24	74
’21	10	8	9	13	40

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	29	21	—	—	—
’25	46	41	18	56	161
’24	(238)	(1)	4	34	(201)
’23	28	(10)	(2)	3	20
’22	(8)	(6)	41	(1)	25
’21	(20)	(5)	(36)	(377)	(438)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	29	21	—	—	—
’25	46	41	18	56	161
’24	(238)	(1)	4	34	(201)
’23	28	(10)	(2)	3	20
’22	(8)	(6)	41	(1)	25
’21	(20)	(5)	(36)	(377)	(438)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.19)	0.27	—	—	—
’25	(0.26)	0.22	0.10	(0.17)	(0.10)
’24	0.72	0.16	0.23	0.37	1.47
’23	1.14	0.94	1.30	0.81	4.20
’22	(0.15)	(2.85)	(0.29)	0.07	(3.22)
’21	0.42	0.38	0.33	0.10	1.23

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	15.20	11.51	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	—	17.12	16.16
People
People	Employees	—	—	—	—	—	—	—	5	5	5
	Revenue/emp, $m	—	—	—	—	0.00	0.00	0.00	22.44	28.70	24.88
Income, $m
Income, $m	Revenue	—	—	—	—	25	40	74	112	144	124
	Gross margin, %	—	—	—	—	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	—	—	—	—	27	19	(74)	108	48	(3)
	EBT margin, %	—	—	—	—	104.97	48.03	(99.98)	96.09	33.21	(2.55)
	Net income	—	—	—	—	27	19	(74)	108	48	(3)
	Depreciation	—	—	—	—	0	1	1	1	2	2
Per share, $
Per share, $	Revenue	—	—	—	—	2.28	2.56	3.22	4.37	4.44	3.87
	Earnings	—	—	—	—	2.40	1.23	(3.22)	4.20	1.47	(0.10)
	Cash flow	—	—	—	—	(55.86)	(28.27)	1.09	0.76	(6.20)	5.00
	Capex	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	—	—	—	—	(55.86)	(28.27)	1.09	0.76	(6.20)	5.00
	Book value	—	—	—	—	22.69	29.22	15.71	17.97	16.62	14.44
	Shares, m	—	—	—	—	11	15	23	26	32	32
Valuation, ×
Valuation, ×	P/E	—	—	—	—	3.86	3.86	3.86	3.86	10.27	0.00
	P/S	—	—	—	—	3.71	3.71	3.71	3.71	3.43	3.15
	P/B	—	—	—	—	0.90	0.90	0.90	0.90	0.91	0.84
	EV/Sales	—	—	—	—	(0.47)	(0.47)	(0.47)	(0.47)	(2.90)	(3.22)
	EV/FCF	—	—	—	—	(2.71)	(2.71)	(2.71)	(2.71)	2.08	(2.49)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	(623)	(438)	25	20	(201)	161
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	—	—	—	—	(623)	(438)	25	20	(201)	161
Balance, $m
Balance, $m	Working capital	—	—	—	—	253	453	363	462	538	464
	Total debt	—	—	—	—	393	650	641	642	502	414
	Net debt	—	—	—	—	(261)	(545)	(378)	(469)	(908)	(792)
	Shareholders’ equity	—	—	—	—	253	453	363	462	538	464
Returns, %
Returns, %	ROA	—	—	—	—	0.00	2.02	(6.55)	9.90	3.73	(0.24)
	ROIC	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	—	—	—	—	0.00	5.40	(18.25)	26.13	9.54	(0.63)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ALTI AlTi Global, Inc.	$360.2M	— (loss-making)	49.7×	+10.78% (above 0%: growing)	n/m	+84.23% (above 0%: growing)	100.00%	(18.70%)	Compare
TCPC BLACKROCK TCP CAPITAL CORP.	$354.1M	— (loss-making)	9.4×	−22.23% (below 0%: shrinking)	n/m	+330.05% (above 0%: growing)	100.00%	82.80%	Compare
CION CION Investment Corporation	$341.5M	110×	20.1×	−4.69% (below 0%: shrinking)	+19.23% (above 0%: growing)	−50.31% (below 0%: shrinking)	100.00%	28.47%	Compare
CCAP Crescent Capital BDC, Inc.	$336.4M	— (loss-making)	15.9×	−15.51% (below 0%: shrinking)	n/m	−72.97% (below 0%: shrinking)	59.08%	37.45%	Compare
HRZN Horizon Technology Finance Corporation	$307.7M	10.7×	8.5×	+2.14% (above 0%: growing)	n/m	+149.05% (above 0%: growing)	100.00%	93.70%	Compare
PSBD Palmer Square Capital BDC Inc.	$299.2M	— (loss-making)	— (loss-making)	−13.83% (below 0%: shrinking)	+22.73% (above 0%: growing)	−48.13% (below 0%: shrinking)	100.00%	83.11%
RWAY Runway Growth Finance Corp.	$273.3M	57.5×	— (loss-making)	+5.35% (above 0%: growing)	+44.44% (above 0%: growing)	−65,337.04% (below 0%: shrinking)	100.00%	84.24%	Compare
SAR Saratoga Investment Corp	$236.8M	— (loss-making)	10.0×	+1.77% (above 0%: growing)	n/m	−43.85% (below 0%: shrinking)	100.00%	68.55%	Compare
LIEN Chicago Atlantic BDC, Inc.	$208.8M	6.6×	6.2×	+6.81% (above 0%: growing)	−28.95% (below 0%: shrinking)	+1,591.22% (above 0%: growing)	100.00%	61.95%	Compare
Median of peers	$322.0M	34.1×	10.0×	+1.95%	+19.23%	+20.19%	100.00%	65.25%

All 120 Asset Management stocks →

Palmer Square Capital BDC Inc. (PSBD) key facts

Concern: Palmer Square Capital BDC Inc.’s revenue for fiscal 2025 (year ended December 2025) was $124.4 million, down 13.3% from fiscal 2024.
Concern: Palmer Square Capital BDC Inc. reported a net loss of $3.2 million, or a loss of $0.10 per share, for fiscal 2025.
Palmer Square Capital BDC Inc. (PSBD) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, PSBD traded at $9.57, a market capitalization of $299.2 million.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 2.6× sales.
Palmer Square Capital BDC Inc. pays an annual dividend of $1.08 per share, a yield of 11.3%.
Return on equity was −0.63% and debt-to-equity 0.97.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.