Palmer Square Capital BDC Inc

palmersquarebdc.com

What Do They Do?

Lends to private U.S. companies and invests in their corporate debt, as well as in collateralized loan obligation structured-credit funds.

How Do They Make Money?

Earns interest and dividend income on investments and fees for services to portfolio companies; those fees are normally paid when an investment closes and are generally non-recurring.

FY2025 revenue

Who Are Their Customers?

Lends to and invests in debt of small to large private U.S. companies, sourcing opportunities through relationships with private equity sponsors, banks and financial intermediaries.

Do Revenues Turn Into Profits?

No. It lost $3.2M in FY2025.

Net income, FY2025

−6% of revenue

▼ Now a loss vs FY2024 ($47.7M, 76%)

How Are They Changing?

Since the FY2025 annual report

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

Revenue: ▼ −13%; vs $13.8M in Q2 FY2025
Net income: ▲ +18%; vs $7.2M in Q2 FY2025

Growing. Revenue grew 2.3x in 4 years, from $22.8M in FY2021 to $53.5M in FY2025, about 24% a year.

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