OFS Capital Corp
ofscapital.comWhat Do They Do?
Provides loans and some equity financing to U.S. middle-market companies.
10-K for FY2025, filed Mar 3, 2026
How Do They Make Money?
Earns interest on loans and structured-finance investments; some loan interest is added to principal and is due at maturity. It also receives dividends on equity investments.
10-K for FY2025, filed Mar 3, 2026Revenue recognition:View ↗
Interest income - Structured Finance Securities: Structured Finance Securities include CLO mezzanine debt, CLO subordinated notes and loan…View ↗
Dividend income: Dividend income on common equity securities in limited liability companies, partnerships, and other private entities…View ↗
$12.4M
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10-K for FY2025, filed Mar 3, 2026
$12.4M ↗
Who Are Their Customers?
Provides financing to U.S. middle-market companies, finding opportunities through financial institutions, private equity sponsors, investment banks, consultants and attorneys. It also buys some loans in the secondary market.
10-K for FY2025, filed Mar 3, 2026
Do Revenues Turn Into Profits?
No. It lost $33.1M in FY2025.
10-K for FY2025, filed Mar 3, 2026
10-K for FY2025, filed Mar 3, 2026
−$33.1MView ↗
How Are They Changing?
Shrinking. Revenue fell 8% in 4 years, from $13.5M in FY2021 to $12.4M in FY2025, about 2% a year.
Wind-down of a lending vehicle
The older report said it was repaying debt and had stopped making new investments through a licensed investment vehicle; the latest says the debt was repaid and the license surrendered.
10-K for FY2022, filed Mar 3, 2023 10-K for FY2025, filed Mar 3, 2026We have executed our investment strategy, in part, through SBIC I LP, a licensee under the SBA’s SBIC program, which is subject to SBA…View ↗
We historically had executed our investment strategy, in part, through SBIC I LP, a former licensee under the SBA’s SBIC program. On March…View ↗
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