Blackstone Secd Lending Fd Financials
This page shows Blackstone Secd Lending Fd (BXSL) 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
Blackstone Secd Lending Fd passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Blackstone Secd Lending Fd generates $-0.81 in operating cash flow (-$458.7M OCF vs $563.5M 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
Blackstone Secd Lending Fd reported $563.5M in net income in fiscal year 2025. This represents a decrease of 18.8% from the prior year.
Blackstone Secd Lending Fd earned $2.46 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 28.7% from the prior year.
Blackstone Secd Lending Fd held $289.6M in cash against $8.1B in long-term debt as of fiscal year 2025.
Blackstone Secd Lending Fd paid $0.77 per share in dividends in fiscal year 2025. This represents a decrease of 75.0% from the prior year.
Blackstone Secd Lending Fd had 232M shares outstanding in fiscal year 2025. This represents an increase of 4.7% from the prior year.
Blackstone Secd Lending Fd's ROE was 9.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.
BXSL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $94.7M+2.6% | $92.3M-0.7% | $93.0M | N/A | $88.2M+11.9% | $78.8M+18.2% | $66.7M | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $132.4M-14.6% | $155.0M+3.5% | $149.8M | N/A | $151.7M-22.7% | $196.2M+6.8% | $183.8M | N/A |
| EPS (Diluted) | $0.57-16.2% | $0.68+3.0% | $0.66 | N/A | $0.75-25.7% | $1.01+5.2% | $0.96 | N/A |
BXSL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.3B+4.0% | $13.7B-1.8% | $14.0B+3.7% | $13.5B+8.9% | $12.4B+5.1% | $11.8B+10.0% | $10.7B+5.6% | $10.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $249.9M-8.7% | $273.7M-71.6% | $965.0M+320.3% | $229.6M+18.2% | $194.2M-33.3% | $291.3M+97.3% | $147.7M-4.7% | $154.9M |
| 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 | $8.0B+7.6% | $7.4B-4.0% | $7.7B+4.5% | $7.4B+10.9% | $6.7B+4.6% | $6.4B+14.9% | $5.5B+7.1% | $5.2B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $7.7B+8.0% | $7.1B-4.0% | $7.4B+4.6% | $7.1B+10.4% | $6.4B+5.0% | $6.1B+15.4% | $5.3B+7.4% | $4.9B |
| Total Equity | $6.3B-0.3% | $6.3B+0.8% | $6.2B+2.7% | $6.1B+6.6% | $5.7B+5.7% | $5.4B+4.6% | $5.2B+4.1% | $5.0B |
| Retained Earnings | $233.6M-16.3% | $279.0M-7.3% | $300.9M-7.8% | $326.5M+2.0% | $320.3M-2.8% | $329.5M+15.2% | $286.0M+14.4% | $250.0M |
BXSL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$432.6M-95.7% | -$221.1M-152.1% | $424.7M+147.0% | -$903.9M-74.6% | -$517.7M+27.0% | -$709.2M-79.3% | -$395.5M-209.1% | -$127.9M |
| 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 | $422.1M+189.4% | -$471.9M-252.2% | $310.1M-66.9% | $937.1M+121.1% | $423.9M-50.3% | $852.8M+119.6% | $388.3M+155.1% | $152.2M |
| Dividends Paid | $171.5M+0.9% | $170.0M+2.7% | $165.6M+6.3% | $155.8M+5.6% | $147.6M+3.6% | $142.4M+3.6% | $137.4M+7.3% | $128.1M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
BXSL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | 2.1%-0.4pp | 2.5%+0.1pp | 2.4% | N/A | 2.7%-1.0pp | 3.6%+0.1pp | 3.6% | N/A |
| Return on Assets | 0.9%-0.2pp | 1.1%+0.1pp | 1.1% | N/A | 1.2%-0.4pp | 1.7%-0.1pp | 1.7% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.22+0.1 | 1.13-0.1 | 1.18+0.0 | 1.16+0.0 | 1.120.0 | 1.13+0.1 | 1.02+0.0 | 0.99 |
| 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 Blackstone Secd Lending Fd profitable?
Yes, Blackstone Secd Lending Fd (BXSL) reported a net income of $563.5M in fiscal year 2025.
What is Blackstone Secd Lending Fd's earnings per share (EPS)?
Blackstone Secd Lending Fd (BXSL) reported diluted earnings per share of $2.46 for fiscal year 2025. This represents a -28.7% 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.
How much debt does Blackstone Secd Lending Fd have?
As of fiscal year 2025, Blackstone Secd Lending Fd (BXSL) had $289.6M in cash and equivalents against $8.1B in long-term debt.
Does Blackstone Secd Lending Fd pay dividends?
Yes, Blackstone Secd Lending Fd (BXSL) paid $0.77 per share in dividends during fiscal year 2025.
What is Blackstone Secd Lending Fd's return on equity (ROE)?
Blackstone Secd Lending Fd (BXSL) has a return on equity of 9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Blackstone Secd Lending Fd's operating cash flow?
Blackstone Secd Lending Fd (BXSL) generated -$458.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Blackstone Secd Lending Fd's total assets?
Blackstone Secd Lending Fd (BXSL) had $14.7B in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does Blackstone Secd Lending Fd have outstanding?
Blackstone Secd Lending Fd (BXSL) had 232M shares outstanding as of fiscal year 2025.
What is Blackstone Secd Lending Fd's debt-to-equity ratio?
Blackstone Secd Lending Fd (BXSL) had a debt-to-equity ratio of 1.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Blackstone Secd Lending Fd's return on assets (ROA)?
Blackstone Secd Lending Fd (BXSL) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Blackstone Secd Lending Fd's cash runway?
Based on fiscal year 2025 data, Blackstone Secd Lending Fd (BXSL) had $289.6M in cash against an annual operating cash burn of $458.7M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Blackstone Secd Lending Fd's Piotroski F-Score?
Blackstone Secd Lending Fd (BXSL) has a Piotroski F-Score of 1 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 Blackstone Secd Lending Fd's earnings high quality?
Blackstone Secd Lending Fd (BXSL) has an earnings quality ratio of -0.81x, 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.