What is Carlyle Secured Lending Inc's earnings per share (EPS)?

Carlyle Secured Lending Inc (CGBDL) reported diluted earnings per share of $1.01 for fiscal year 2025. This represents a -36.1% 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.

Carlyle Secured Lending Inc Financials

CGBDL

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

This page shows Carlyle Secured Lending Inc (CGBDL) 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

1/9

Carlyle Secured Lending Inc 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).

Earnings Quality Low Quality

-2.92x

For every $1 of reported earnings, Carlyle Secured Lending Inc generates $-2.92 in operating cash flow (-$204.6M OCF vs $70.0M 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

$70.0M

YoY-21.4%

5Y CAGR+59.3%

Carlyle Secured Lending Inc reported $70.0M in net income in fiscal year 2025. This represents a decrease of 21.4% from the prior year.

EPS (Diluted)

$1.01

YoY-36.1%

5Y CAGR+66.1%

Carlyle Secured Lending Inc earned $1.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 36.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$76.5M

YoY+35.2%

5Y CAGR+2.3%

Carlyle Secured Lending Inc held $76.5M in cash against $1.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

72M

YoY+41.1%

5Y CAGR+5.4%

Carlyle Secured Lending Inc had 72M shares outstanding in fiscal year 2025. This represents an increase of 41.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

6.0%

YoY-3.8pp

5Y CAGR+5.2pp

Carlyle Secured Lending Inc's ROE was 6.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$13.9M

5Y CAGR-12.6%

Carlyle Secured Lending Inc spent $13.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

CGBDL 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	N/A	N/A	N/A	$44.0M+42.9%	$30.8M-22.3%	$39.6M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$70.0M-21.4%	$89.0M-3.6%	$92.3M+7.8%	$85.6M-46.6%	$160.4M+2248.1%	$6.8M
EPS (Diluted)	$1.01-36.1%	$1.58-3.7%	$1.64+10.1%	$1.49-44.6%	$2.69+3262.5%	$0.08

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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	$23.9M+63.4%	$14.6M+4.1%	$14.1M	N/A	$19.6M+4.6%	$18.7M-35.9%	$29.3M
EPS (Diluted)	N/A	$0.33+65.0%	$0.20-20.0%	$0.25	N/A	$0.35+6.1%	$0.33-36.5%	$0.52

CGBDL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.8B+44.9%	$1.9B-0.9%	$1.9B-4.9%	$2.0B+0.5%	$2.0B	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$76.5M+35.2%	$56.6M-6.4%	$60.4M+98.1%	$30.5M-67.2%	$93.1M+36.0%	$68.4M
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	$1.6B+59.0%	$1.0B-0.9%	$1.0B-8.4%	$1.1B+3.9%	$1.1B	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B+59.3%	$960.9M-2.0%	$980.2M-9.0%	$1.1B+3.2%	$1.0B	N/A
Total Equity	$1.2B+29.0%	$905.2M-0.8%	$912.8M-0.5%	$917.4M-3.3%	$948.8M+5.3%	$901.4M
Retained Earnings	-$195.7M-23.9%	-$158.0M-4.1%	-$151.7M+1.3%	-$153.7M-0.8%	-$152.5M	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$2.8B+9.1%	$2.6B-0.7%	$2.6B+1.6%	$2.5B+31.6%	$1.9B+6.0%	$1.8B-2.7%	$1.9B-1.5%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$76.5M+46.3%	$52.3M+6.2%	$49.2M-80.4%	$250.9M+343.5%	$56.6M-17.6%	$68.7M-25.5%	$92.2M+31.9%	$69.9M
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	$1.6B+18.9%	$1.4B-0.8%	$1.4B+4.2%	$1.3B+29.5%	$1.0B+12.1%	$910.3M-4.8%	$955.8M-2.3%	$978.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B+17.2%	$1.3B-0.2%	$1.3B+5.0%	$1.2B+29.8%	$960.9M+13.3%	$848.5M-6.4%	$906.1M-2.6%	$930.2M
Total Equity	$1.2B-2.1%	$1.2B-0.4%	$1.2B-1.2%	$1.2B+33.9%	$905.2M-0.2%	$906.6M-0.5%	$910.8M-0.7%	$916.8M
Retained Earnings	-$195.7M-4.4%	-$187.5M-2.9%	-$182.2M-8.7%	-$167.7M-6.1%	-$158.0M+0.6%	-$158.9M-3.4%	-$153.7M-4.1%	-$147.7M

CGBDL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$204.6M-296.2%	$104.3M-54.8%	$230.6M+1489.1%	$14.5M-80.8%	$75.4M-75.3%	$305.2M
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	$224.5M+307.6%	-$108.1M+46.1%	-$200.7M-160.3%	-$77.1M-51.8%	-$50.8M+81.4%	-$273.5M
Dividends Paid	$104.0M+8.4%	$96.0M+3.2%	$93.0M+7.1%	$86.8M+3.8%	$83.7M-13.4%	$96.6M
Share Buybacks	$13.9M	$0-100.0%	$4.0M-86.0%	$28.5M+0.1%	$28.4M+4.3%	$27.3M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$153.3M-553.2%	$33.8M+114.6%	-$230.9M-258.4%	$145.8M+231.2%	-$111.1M-276.7%	$62.9M-12.0%	$71.5M-11.7%	$81.0M
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	$177.5M+676.9%	-$30.8M-205.1%	$29.3M-39.7%	$48.5M-51.0%	$99.0M+214.6%	-$86.4M-75.7%	-$49.2M+31.2%	-$71.5M
Dividends Paid	$29.2M0.0%	$29.2M0.0%	$29.2M+28.0%	$22.8M-4.1%	$23.7M-4.2%	$24.8M+0.2%	$24.7M+6.6%	$23.2M
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0	$0	$0

CGBDL 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	6.0%-3.8pp	9.8%-0.3pp	10.1%+0.8pp	9.3%-7.6pp	16.9%+16.1pp	0.8%
Return on Assets	2.5%-2.1pp	4.6%-0.1pp	4.8%+0.6pp	4.2%-3.7pp	7.9%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.31+0.3	1.06-0.0	1.07-0.1	1.17+0.1	1.10	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	N/A	2.0%+0.8pp	1.2%+0.1pp	1.2%	N/A	2.2%+0.1pp	2.1%-1.1pp	3.2%
Return on Assets	N/A	0.9%+0.4pp	0.6%+0.0pp	0.5%	N/A	1.1%+0.1pp	1.0%-0.5pp	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.31+0.2	1.100.0	1.09+0.1	1.03-0.0	1.06+0.1	0.94-0.1	0.99-0.0	1.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Carlyle Secured Lending Inc profitable?

Yes, Carlyle Secured Lending Inc (CGBDL) 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 (CGBDL) 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 (CGBDL) 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 (CGBDL) generated -$204.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Carlyle Secured Lending Inc's total assets?

Carlyle Secured Lending Inc (CGBDL) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Carlyle Secured Lending Inc buy back shares?

Yes, Carlyle Secured Lending Inc (CGBDL) spent $13.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Carlyle Secured Lending Inc have outstanding?

Carlyle Secured Lending Inc (CGBDL) had 72M shares outstanding as of fiscal year 2025.

What is Carlyle Secured Lending Inc's debt-to-equity ratio?

Carlyle Secured Lending Inc (CGBDL) 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 (CGBDL) 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 cash runway?

Based on fiscal year 2025 data, Carlyle Secured Lending Inc (CGBDL) had $76.5M in cash against an annual operating cash burn of $204.6M. This gives an estimated cash runway of approximately 4 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 Carlyle Secured Lending Inc's Piotroski F-Score?

Carlyle Secured Lending Inc (CGBDL) 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 Carlyle Secured Lending Inc's earnings high quality?

Carlyle Secured Lending Inc (CGBDL) has an earnings quality ratio of -2.92x, 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.