Diameter Credit Co

What Do They Do?

Lends to private U.S. middle-market and upper middle-market companies, primarily through debt investments, including loans it originates or joins with other lenders.

How Do They Make Money?

The company earns most of its income from interest on debt it holds, with additional income from investment sales and fees. Borrowers pay interest over the life of loans, with principal and any unpaid interest generally due at maturity; early repayments can also generate fees.

FY2025 revenue

Who Are Their Customers?

Borrowers include companies owned by private equity firms and businesses owned by founders, families, public companies, or other investors. The company originates some transactions and also participates in club deals or deals arranged through banks or advisers.

Do Revenues Turn Into Profits?

Yes. Its net income in FY2025 was larger than its revenue.

Net income, FY2025

101% of revenue

▲ +130% vs FY2024 ($46.3M, 125%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +75%; vs $21.3M in Q2 FY2025
Net income: ▲ +63%; vs $20.2M in Q2 FY2025

Apr 30, 2026 Completed a term debt securitization A subsidiary issued debt backed by first-lien commercial loans and plans to use proceeds to purchase loans from the company.

Growing. Revenue grew 2.9x in 1 year, from $37M in FY2024 to $105.6M in FY2025, about 186% a year.

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