What is Bain Capital Specialty Finance Inc's earnings per share (EPS)?

Bain Capital Specialty Finance Inc (BCSF) reported diluted earnings per share of $1.53 for fiscal year 2025. This represents a -17.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bain Capital Specialty Finance Inc Financials

BCSF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Bain Capital Specialty Finance Inc (BCSF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Bain Capital Specialty Finance Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.30x

For every $1 of reported earnings, Bain Capital Specialty Finance Inc generates $0.30 in operating cash flow ($29.5M OCF vs $98.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$98.8M

YoY-17.3%

5Y CAGR+64.2%

Bain Capital Specialty Finance Inc reported $98.8M in net income in fiscal year 2025. This represents a decrease of 17.3% from the prior year.

EPS (Diluted)

$1.53

YoY-17.3%

5Y CAGR+61.3%

Bain Capital Specialty Finance Inc earned $1.53 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 17.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$23.1M

YoY-55.2%

5Y CAGR-22.3%

Bain Capital Specialty Finance Inc held $23.1M in cash against $1.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

65M

YoY+0.5%

5Y CAGR+0.1%

Bain Capital Specialty Finance Inc had 65M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

8.8%

YoY-1.6pp

5Y CAGR+8.1pp

Bain Capital Specialty Finance Inc's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

BCSF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$80.6M+7.9%	$74.7M-6.6%	$80.0M+52.9%	$52.3M+1.9%	$51.3M-18.9%	$63.3M
Income Tax	N/A	$0	$0	$0	N/A	N/A
Net Income	$98.8M-17.3%	$119.4M-3.2%	$123.4M+17.0%	$105.5M-12.0%	$119.8M+1347.3%	$8.3M
EPS (Diluted)	$1.53-17.3%	$1.85-3.1%	$1.91+17.2%	$1.63-12.4%	$1.86+1228.6%	$0.14

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$20.3M-6.7%	$21.8M+15.2%	$18.9M	N/A	$18.1M+2.8%	$17.6M-2.4%	$18.1M
Income Tax	N/A	N/A	N/A	$0	N/A	N/A	N/A	$0
Net Income	$27.8M+48.6%	$18.7M-21.2%	$23.7M-16.9%	$28.5M+29.0%	$22.1M-33.1%	$33.1M+13.8%	$29.1M-17.1%	$35.1M
EPS (Diluted)	$0.43+48.3%	$0.29-21.6%	$0.37-15.9%	$0.44+29.4%	$0.34-33.3%	$0.51+13.3%	$0.45-18.2%	$0.55

BCSF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.7B+1.2%	$2.6B+6.5%	$2.5B-4.6%	$2.6B+0.8%	$2.6B	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.1M-55.2%	$51.6M+19.9%	$43.0M+42.3%	$30.2M-65.5%	$87.4M+7.0%	$81.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B+3.5%	$1.5B+11.7%	$1.3B-9.5%	$1.5B+0.3%	$1.5B	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B+5.8%	$1.4B+10.7%	$1.3B-9.3%	$1.4B-2.1%	$1.4B	N/A
Total Equity	$1.1B-2.0%	$1.1B+0.3%	$1.1B+1.8%	$1.1B+1.5%	$1.1B+3.0%	$1.1B
Retained Earnings	-$43.8M-120.1%	-$19.9M+37.8%	-$32.0M+38.6%	-$52.1M	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$2.7B-2.0%	$2.7B-2.1%	$2.8B+5.0%	$2.6B+0.4%	$2.6B+3.5%	$2.5B+5.3%	$2.4B-6.4%	$2.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.1M-43.5%	$40.9M+46.8%	$27.8M+173.8%	$10.2M-80.3%	$51.6M+103.5%	$25.3M+37.6%	$18.4M-60.6%	$46.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B-2.7%	$1.6B-2.9%	$1.6B+9.2%	$1.5B+0.4%	$1.5B+6.8%	$1.4B+9.8%	$1.3B-11.5%	$1.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B-1.7%	$1.5B-4.2%	$1.6B+7.7%	$1.5B+4.4%	$1.4B+6.9%	$1.3B+10.8%	$1.2B-13.5%	$1.4B
Total Equity	$1.1B-1.0%	$1.1B-0.9%	$1.1B-0.5%	$1.1B+0.4%	$1.1B-0.6%	$1.1B+0.4%	$1.1B0.0%	$1.1B
Retained Earnings	-$43.8M-23.1%	-$35.6M-41.8%	-$25.1M-27.9%	-$19.6M+1.4%	-$19.9M-6.5%	-$18.7M+17.8%	-$22.7M+0.2%	-$22.7M

BCSF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$29.5M+209.0%	-$27.1M-112.4%	$219.3M+169.2%	-$316.8M-219.3%	$265.6M+197.0%	$89.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$71.9M-604.4%	$14.3M+106.2%	-$231.4M-197.1%	$238.3M+271.9%	-$138.6M-81.2%	-$76.5M
Dividends Paid	$145.8M+27.6%	$114.3M+14.9%	$99.4M+13.2%	$87.8M0.0%	$87.8M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$27.2M+201.8%	$9.0M+1292.6%	$646K+108.9%	-$7.3M+63.6%	-$20.0M+85.3%	-$135.9M-170.6%	$192.4M+402.1%	-$63.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$54.8M+43.4%	-$96.9M-224.5%	$77.8M+3825.8%	$2.0M-96.7%	$59.9M-38.2%	$96.9M+144.8%	-$216.5M-393.1%	$73.9M
Dividends Paid	$29.2M0.0%	$29.2M0.0%	$29.2M-49.9%	$58.2M+100.5%	$29.1M0.0%	$29.1M0.0%	$29.1M+7.1%	$27.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BCSF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	8.8%-1.6pp	10.5%-0.4pp	10.9%+1.4pp	9.4%-1.4pp	10.9%+10.1pp	0.8%
Return on Assets	3.7%-0.8pp	4.5%-0.4pp	5.0%+0.9pp	4.1%-0.6pp	4.7%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.32+0.1	1.22+0.1	1.11-0.1	1.24-0.0	1.29	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	2.5%+0.8pp	1.7%-0.4pp	2.1%-0.4pp	2.5%+0.5pp	1.9%-0.9pp	2.9%+0.3pp	2.5%-0.5pp	3.1%
Return on Assets	1.0%+0.3pp	0.7%-0.2pp	0.9%-0.2pp	1.1%+0.2pp	0.8%-0.5pp	1.3%+0.1pp	1.2%-0.2pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.320.0	1.33-0.0	1.37+0.1	1.27+0.0	1.22+0.1	1.13+0.1	1.03-0.2	1.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Bain Capital Specialty Finance Inc profitable?

Yes, Bain Capital Specialty Finance Inc (BCSF) reported a net income of $98.8M in fiscal year 2025.

How much debt does Bain Capital Specialty Finance Inc have?

As of fiscal year 2025, Bain Capital Specialty Finance Inc (BCSF) had $23.1M in cash and equivalents against $1.5B in long-term debt.

What is Bain Capital Specialty Finance Inc's return on equity (ROE)?

Bain Capital Specialty Finance Inc (BCSF) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bain Capital Specialty Finance Inc's operating cash flow?

Bain Capital Specialty Finance Inc (BCSF) generated $29.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bain Capital Specialty Finance Inc's total assets?

Bain Capital Specialty Finance Inc (BCSF) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Bain Capital Specialty Finance Inc have outstanding?

Bain Capital Specialty Finance Inc (BCSF) had 65M shares outstanding as of fiscal year 2025.

What is Bain Capital Specialty Finance Inc's debt-to-equity ratio?

Bain Capital Specialty Finance Inc (BCSF) had a debt-to-equity ratio of 1.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bain Capital Specialty Finance Inc's return on assets (ROA)?

Bain Capital Specialty Finance Inc (BCSF) had a return on assets of 3.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bain Capital Specialty Finance Inc's Piotroski F-Score?

Bain Capital Specialty Finance Inc (BCSF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bain Capital Specialty Finance Inc's earnings high quality?

Bain Capital Specialty Finance Inc (BCSF) has an earnings quality ratio of 0.30x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.