Carlyle Secured Lending, Inc. (CGBD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CGBD SEC filings page.
This page shows Carlyle Secured Lending, Inc. (CGBD) 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).
The latest expansion was funded more by leverage while returns and operating cash generation weakened.
From FY2024 to FY2025, the asset base expanded44.9% while debt-to-equity rose to 1.3x, indicating that growth relied more heavily on borrowed capital than equity. At the same time, operating cash flow moved from$104M to-$205M even as financing cash flow was positive, so the larger balance sheet was not funded by internally generated cash in the latest year.
Reported profitability weakened alongside that expansion: net income fell from
Cash behavior is more revealing than the income line: operating cash flow reversed from
Financial Health Signals
Carlyle Secured Lending, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Carlyle Secured Lending, Inc. passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Carlyle Secured Lending, Inc. used $2.92 of operating cash (-$204.6M OCF vs $70.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Carlyle Secured Lending, Inc. reported -$60K in net income in Q2 2026. This represents a decrease of 100.4% from the same quarter a year earlier. Against the prior quarter it is up 98.6%.
Carlyle Secured Lending, Inc. earned $0.00 per diluted share (EPS) in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Carlyle Secured Lending, Inc. held $48.9M in cash against $1.3B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Carlyle Secured Lending, Inc.'s ROE was 0.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Carlyle Secured Lending, Inc. spent $12.5M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 32.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
CGBD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Income | -$60K-100.4% | -$4.2M-130.0% | N/A | $23.9M+21.9% | $14.6M-22.0% | $14.1M-52.0% | N/A | $19.6M-34.6% |
| EPS (Basic) | $0.00-100.0% | -$0.06-124.0% | $0.24-40.0% | $0.33-10.8% | $0.20-42.9% | $0.25-55.4% | $0.40-29.8% | $0.37-35.1% |
| EPS (Diluted) | $0.00-100.0% | -$0.06-124.0% | $0.23-39.5% | $0.33-5.7% | $0.20-39.4% | $0.25-51.9% | $0.38-28.3% | $0.35-35.2% |
| Diluted Shares (Avg) | 70M-4.6% | 71M+23.7% | N/A | 73M+29.2% | 73M+29.3% | 57M+1.8% | N/A | 56M+0.8% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax.
CGBD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B-5.1% | $2.6B+0.9% | $2.8B+44.9% | $2.6B+40.8% | $2.6B+37.9% | $2.5B+33.7% | $1.9B-0.9% | $1.8B-7.1% |
| Cash & Equivalents | $48.9M-0.7% | $97.2M-61.2% | $76.5M+35.2% | $52.3M-23.9% | $49.2M-46.6% | $250.9M+258.8% | $56.6M-6.4% | $68.7M+24.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.4B-0.9% | $1.4B+9.1% | $1.6B+59.0% | $1.4B+50.0% | $1.4B+44.0% | $1.3B+35.1% | $1.0B-0.9% | $910.3M-13.3% |
| Long-Term Debt | $1.3B-1.5% | $1.4B+10.6% | $1.5B+59.3% | $1.3B+54.0% | $1.3B+44.5% | $1.2B+34.1% | $960.9M-2.0% | $848.5M-15.4% |
| Total Equity | $1.1B-9.9% | $1.1B-7.9% | $1.2B+29.0% | $1.2B+31.5% | $1.2B+31.5% | $1.2B+32.2% | $905.2M-0.8% | $906.6M0.0% |
| Retained Earnings | -$252.3M-38.5% | -$228.0M-36.0% | -$195.7M-23.9% | -$187.5M-18.0% | -$182.2M-18.5% | -$167.7M-13.5% | -$158.0M-4.1% | -$158.9M+1.1% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
CGBD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $73.6M+131.9% | $212.4M+45.7% | -$153.3M-37.9% | $33.8M-46.2% | -$230.9M-423.0% | $145.8M+80.0% | -$111.1M-299.1% | $62.9M+9.9% |
| Financing Cash Flow | -$122.0M-517.0% | -$191.6M-495.1% | $177.5M+79.2% | -$30.8M+64.4% | $29.3M+159.5% | $48.5M+167.8% | $99.0M+295.8% | -$86.4M-53.9% |
| Dividends Paid | $24.2M-16.9% | $28.7M+26.1% | $29.2M+22.8% | $29.2M+17.6% | $29.2M+17.8% | $22.8M-1.9% | $23.7M+2.2% | $24.8M+6.8% |
| Share Buybacks | $12.5M | $18.5M | N/A | N/A | $0 | $0 | $0 | $0 |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
CGBD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 0.0%-1.2pp | -0.4%-1.5pp | N/A | 2.0%-0.2pp | 1.2%-0.8pp | 1.2%-2.0pp | N/A | 2.2%-1.1pp |
| Return on Assets | 0.0%-0.6pp | -0.2%-0.7pp | N/A | 0.9%-0.2pp | 0.6%-0.4pp | 0.5%-1.0pp | N/A | 1.1%-0.4pp |
| Debt-to-Equity | 1.20+0.1x | 1.24+0.2x | 1.31+0.3x | 1.10+0.2x | 1.09+0.1x | 1.030.0x | 1.060.0x | 0.94-0.2x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Carlyle Secured Lending, Inc. CGBD | FY2025 | N/A | $70.0M | N/A | $716.9M | — |
| PennantPark Floating Rate Capital Ltd. PFLT | FY2025 | N/A | $66.4M | N/A | $662.8M | — |
| Bain Capital Specialty Finance, Inc. BCSF | FY2025 | N/A | $98.8M | N/A | $699.3M | — |
| Trinity Capital Inc. TRIN | FY2025 | $279.5M | $135.6M | 48.5% | $1.6B | 22/100 |
Where Carlyle Secured Lending, Inc. Ranks
Frequently Asked Questions
Is Carlyle Secured Lending, Inc. profitable?
Yes, Carlyle Secured Lending, Inc. (CGBD) reported a net income of $70.0M in fiscal year 2025.
How much debt does Carlyle Secured Lending, Inc. have?
As of fiscal year 2025, Carlyle Secured Lending, Inc. (CGBD) had $76.5M in cash and equivalents against $1.5B in long-term debt.
What is Carlyle Secured Lending, Inc.'s return on equity (ROE)?
Carlyle Secured Lending, Inc. (CGBD) has a return on equity of 6.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Carlyle Secured Lending, Inc.'s operating cash flow?
Carlyle Secured Lending, Inc. (CGBD) recorded an outflow of $204.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Carlyle Secured Lending, Inc.'s total assets?
Carlyle Secured Lending, Inc. (CGBD) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Carlyle Secured Lending, Inc.'s debt-to-equity ratio?
Carlyle Secured Lending, Inc. (CGBD) had a debt-to-equity ratio of 1.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Carlyle Secured Lending, Inc.'s return on assets (ROA)?
Carlyle Secured Lending, Inc. (CGBD) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Carlyle Secured Lending, Inc.'s P/E ratio?
Carlyle Secured Lending, Inc. (CGBD) trades at 10.2x earnings, its market capitalization divided by net income of $70.0M net income, FY2025. The market capitalization is $716.9M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Carlyle Secured Lending, Inc.'s price-to-sales ratio?
Carlyle Secured Lending, Inc. (CGBD) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $716.9M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Carlyle Secured Lending, Inc.'s Piotroski F-Score?
Carlyle Secured Lending, Inc. (CGBD) has a Piotroski F-Score of 1 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Carlyle Secured Lending, Inc.'s earnings high quality?
For every $1 of reported earnings, Carlyle Secured Lending, Inc. (CGBD) used $2.92 of operating cash (-$204.6M OCF vs $70.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.