PennantPark Floating Rate Capital Ltd. (PFLT) 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 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PFLT SEC filings page.
This page shows PennantPark Floating Rate Capital Ltd. (PFLT) 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).
Asset growth is being funded with heavier leverage, while operating cash outflows remain closely paired with external financing.
By FY2025, debt-to-equity had nearly doubled from FY2023 levels to 1.7x while ROA fell to 2.3%, indicating leverage increased without a matching improvement in asset productivity. The same year produced operating cash flow of-$720.6M against financing cash flow of$731.2M , a near mirror suggesting portfolio or balance-sheet activity, rather than accounting earnings alone, drove cash movement.
Interest expense reached
Shares outstanding rose from 58.7M in FY2023 to 99.2M in FY2025, showing expansion relied on fresh equity alongside borrowing rather than retained earnings alone. FY2025 dividends exceeded reported net income, so distributions added pressure to internally accumulated capital even as the company remained profitable.
Financial Health Signals
PennantPark Floating Rate Capital Ltd. 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.
PennantPark Floating Rate Capital Ltd. passes 1 of 5 computable financial strength tests (4 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, PennantPark Floating Rate Capital Ltd. used $10.86 of operating cash (-$720.6M OCF vs $66.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
PennantPark Floating Rate Capital Ltd. reported $7.6M in net income in Q3 2026. This represents a decrease of 60.7% from the same quarter a year earlier. Against the prior quarter it is down 73.6%.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Cash & Balance Sheet
PennantPark Floating Rate Capital Ltd. held $100.8M in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
PennantPark Floating Rate Capital Ltd.'s ROE was 0.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
PFLT 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $1.4M+12.5% | $1.2M0.0% | $1.2M0.0% | N/A | $1.2M+14.3% | $1.2M-4.4% | $1.2M+21.5% | N/A |
| Interest Expense | $25.0M+11.0% | $24.1M+7.1% | $27.2M+21.4% | N/A | $22.5M+38.4% | $22.5M+53.4% | $22.4M+150.1% | N/A |
| Net Income | $7.6M-60.7% | $28.7M+2246.0% | -$3.6M-112.6% | N/A | $19.3M+14.1% | $1.2M-96.1% | $28.3M+26.1% | N/A |
| Diluted Shares (Avg) | 99M0.0% | 99M+10.1% | 99M+21.5% | N/A | 99M+44.9% | 90M+47.3% | 82M+39.0% | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), EPS (Diluted).
PFLT 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B+4.5% | $2.7B+11.2% | $2.7B+15.9% | $2.9B+38.2% | $2.5B+43.5% | $2.5B+53.0% | $2.3B+72.5% | $2.1B+78.8% |
| Cash & Equivalents | $100.8M-1.9% | $121.9M+9.5% | $55.1M-46.1% | $122.7M+9.5% | $102.7M+21.4% | $111.4M-11.1% | $102.3M+34.9% | $112.0M+11.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.6B+12.8% | $1.7B+21.7% | $1.7B+21.3% | $1.8B+49.3% | $1.4B+52.5% | $1.4B+56.9% | $1.4B+97.1% | $1.2B+134.1% |
| Total Equity | $1.0B-6.4% | $1.0B-2.7% | $1.0B+8.1% | $1.1B+22.5% | $1.1B+33.2% | $1.1B+48.1% | $962.7M+46.3% | $877.3M+34.2% |
| Retained Earnings | -$202.0M-50.7% | -$180.9M-47.3% | -$179.2M-85.9% | -$145.1M-45.8% | -$134.1M-35.4% | -$122.9M-29.4% | -$96.4M+10.1% | -$99.5M+10.8% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
PFLT 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $103.3M+392.8% | $24.3M+120.6% | $148.6M+163.9% | -$334.5M-14.7% | -$35.3M+77.3% | -$118.1M+31.6% | -$232.7M-27.9% | -$291.7M-473.0% |
| Financing Cash Flow | -$124.3M-566.9% | $2.3M-98.2% | -$176.0M-179.0% | $354.5M+11.1% | $26.6M-76.7% | $127.2M-42.7% | $222.9M+41.8% | $319.2M+954.7% |
| Dividends Paid | $30.5M+1.8% | $30.5M+14.0% | $30.5M+25.5% | $30.5M+36.9% | $30.0M+49.0% | $26.8M+45.8% | $24.3M+34.6% | $22.3M+27.1% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Share Buybacks.
PFLT 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 0.7%-1.0pp | 2.8%+2.7pp | -0.3%-3.3pp | N/A | 1.8%-0.3pp | 0.1%-4.2pp | 2.9%-0.5pp | N/A |
| Return on Assets | 0.3%-0.5pp | 1.1%+1.0pp | -0.1%-1.3pp | N/A | 0.8%-0.2pp | 0.1%-1.9pp | 1.2%-0.4pp | N/A |
| Debt-to-Equity | 1.59+0.3x | 1.65+0.3x | 1.61+0.2x | 1.71+0.3x | 1.32+0.2x | 1.32+0.1x | 1.44+0.4x | 1.40+0.6x |
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 |
|---|---|---|---|---|---|---|
| PennantPark Floating Rate Capital Ltd. PFLT | FY2025 | N/A | $66.4M | N/A | $678.7M | — |
| Bain Capital Specialty Finance, Inc. BCSF | FY2025 | N/A | $98.8M | N/A | $719.4M | — |
| NEW MOUNTAIN FINANCE CORPORATION NMFC | FY2025 | N/A | $16.5M | N/A | $664.0M | — |
| Kayne Anderson BDC, Inc. KBDC | FY2025 | N/A | $93.7M | N/A | $842.6M | — |
Where PennantPark Floating Rate Capital Ltd. Ranks
Frequently Asked Questions
Is PennantPark Floating Rate Capital Ltd. profitable?
Yes, PennantPark Floating Rate Capital Ltd. (PFLT) reported a net income of $66.4M in fiscal year 2025.
What is PennantPark Floating Rate Capital Ltd.'s return on equity (ROE)?
PennantPark Floating Rate Capital Ltd. (PFLT) has a return on equity of 6.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is PennantPark Floating Rate Capital Ltd.'s operating cash flow?
PennantPark Floating Rate Capital Ltd. (PFLT) recorded an outflow of $720.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are PennantPark Floating Rate Capital Ltd.'s total assets?
PennantPark Floating Rate Capital Ltd. (PFLT) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What is PennantPark Floating Rate Capital Ltd.'s debt-to-equity ratio?
PennantPark Floating Rate Capital Ltd. (PFLT) had a debt-to-equity ratio of 1.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is PennantPark Floating Rate Capital Ltd.'s return on assets (ROA)?
PennantPark Floating Rate Capital Ltd. (PFLT) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is PennantPark Floating Rate Capital Ltd.'s P/E ratio?
PennantPark Floating Rate Capital Ltd. (PFLT) trades at 10.2x earnings, its market capitalization divided by net income of $66.4M net income, FY2025. The market capitalization is $678.7M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PennantPark Floating Rate Capital Ltd.'s price-to-sales ratio?
PennantPark Floating Rate Capital Ltd. (PFLT) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $678.7M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PennantPark Floating Rate Capital Ltd.'s Piotroski F-Score?
PennantPark Floating Rate Capital Ltd. (PFLT) has a Piotroski F-Score of 1 out of 5 computable signals; 4 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 PennantPark Floating Rate Capital Ltd.'s earnings high quality?
For every $1 of reported earnings, PennantPark Floating Rate Capital Ltd. (PFLT) used $10.86 of operating cash (-$720.6M OCF vs $66.4M 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.