Palmer Square Capital Bdc Inc. Financials
Financial Health Signals
Palmer Square Capital Bdc 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).
For every $1 of reported earnings, Palmer Square Capital Bdc Inc. generates $-4.21 in operating cash flow (-$200.6M OCF vs $47.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Palmer Square Capital Bdc Inc. (PSBD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Key Financial Metrics
Palmer Square Capital Bdc Inc. reported $47.7M in net income in fiscal year 2024. This represents a decrease of 55.8% from the prior year.
Palmer Square Capital Bdc Inc. earned $1.93 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 14.6% from the prior year.
Palmer Square Capital Bdc Inc. held $2.8M in cash against $0 in long-term debt as of fiscal year 2024.
Palmer Square Capital Bdc Inc. had 33M shares outstanding in fiscal year 2024. This represents an increase of 20.3% from the prior year.
Palmer Square Capital Bdc Inc.'s ROE was 8.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 14.5 percentage points from the prior year.
Palmer Square Capital Bdc Inc. spent $1.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
PSBD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $12.8M+1.4% | $12.6M-3.0% | $13.0M-17.2% | $15.7M+4.5% | $15.0M+13.8% | $13.2M | N/A | $11.5M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $3.4M-53.2% | $7.2M+185.5% | -$8.4M-211.0% | $7.6M+42.2% | $5.3M-76.8% | $22.9M | N/A | $33.9M |
| EPS (Diluted) | $0.430.0% | $0.43+7.5% | $0.40-16.7% | $0.480.0% | $0.48-7.7% | $0.52 | N/A | $0.57 |
PSBD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B-2.5% | $1.3B-3.5% | $1.4B-4.8% | $1.4B-1.9% | $1.5B+3.3% | $1.4B+25.9% | $1.1B-0.3% | $1.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $4.2M-74.4% | $16.4M+472.2% | $2.9M+3.8% | $2.8M-81.3% | $14.8M+79.1% | $8.3M+289.9% | $2.1M-37.9% | $3.4M |
| 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 | $791.1M-2.3% | $809.6M-4.4% | $847.1M-5.2% | $893.2M-1.8% | $910.0M+6.6% | $854.0M+29.4% | $659.9M-2.7% | $677.9M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $490.4M-2.9% | $505.2M-2.1% | $515.8M-4.1% | $537.8M-2.0% | $548.8M-1.7% | $558.5M+20.9% | $462.0M+3.4% | $446.9M |
| Retained Earnings | -$110.8M-10.0% | -$100.8M-6.7% | -$94.4M-28.8% | -$73.3M-18.6% | -$61.8M-19.3% | -$51.8M+11.8% | -$58.7M+11.6% | -$66.4M |
PSBD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.5M-57.3% | $41.0M-11.7% | $46.4M+35.3% | $34.3M+6778.6% | -$513K+99.8% | -$237.9M-7082.6% | $3.4M+283.3% | -$1.9M |
| 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 | -$29.8M-8.5% | -$27.4M+40.8% | -$46.3M-39.0% | -$33.3M-572.7% | $7.0M-97.1% | $244.0M+5291.6% | -$4.7M-220.4% | -$1.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $4.7M+11.5% | $4.2M+187.4% | $1.5M+92.4% | $765K+120.9% | $346K | $0 | $0 | N/A |
PSBD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.7%-0.7pp | 1.4% | N/A | 1.4%+0.4pp | 1.0%-3.1pp | 4.1% | N/A | 7.6% |
| Return on Assets | 0.3%-0.3pp | 0.5%+1.2pp | -0.6%-1.1pp | 0.5%+0.2pp | 0.4%-1.3pp | 1.6% | N/A | 3.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.61+0.0 | 1.60-0.0 | 1.64-0.0 | 1.660.0 | 1.66+0.1 | 1.53+0.1 | 1.43-0.1 | 1.52 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
Is Palmer Square Capital Bdc Inc. profitable?
Yes, Palmer Square Capital Bdc Inc. (PSBD) reported a net income of $47.7M in fiscal year 2024.
What is Palmer Square Capital Bdc Inc.'s earnings per share (EPS)?
Palmer Square Capital Bdc Inc. (PSBD) reported diluted earnings per share of $1.93 for fiscal year 2024. This represents a -14.6% 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.
What is Palmer Square Capital Bdc Inc.'s return on equity (ROE)?
Palmer Square Capital Bdc Inc. (PSBD) has a return on equity of 8.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Palmer Square Capital Bdc Inc.'s operating cash flow?
Palmer Square Capital Bdc Inc. (PSBD) generated -$200.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Palmer Square Capital Bdc Inc.'s total assets?
Palmer Square Capital Bdc Inc. (PSBD) had $1.4B in total assets as of fiscal year 2024, including both current and long-term assets.
Does Palmer Square Capital Bdc Inc. buy back shares?
Yes, Palmer Square Capital Bdc Inc. (PSBD) spent $1.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Palmer Square Capital Bdc Inc. have outstanding?
Palmer Square Capital Bdc Inc. (PSBD) had 33M shares outstanding as of fiscal year 2024.
What is Palmer Square Capital Bdc Inc.'s debt-to-equity ratio?
Palmer Square Capital Bdc Inc. (PSBD) had a debt-to-equity ratio of 1.66 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Palmer Square Capital Bdc Inc.'s return on assets (ROA)?
Palmer Square Capital Bdc Inc. (PSBD) had a return on assets of 3.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Palmer Square Capital Bdc Inc.'s cash runway?
Based on fiscal year 2024 data, Palmer Square Capital Bdc Inc. (PSBD) had $2.8M in cash against an annual operating cash burn of $200.6M. This gives an estimated cash runway of approximately 0 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 Palmer Square Capital Bdc Inc.'s Piotroski F-Score?
Palmer Square Capital Bdc Inc. (PSBD) 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 Palmer Square Capital Bdc Inc.'s earnings high quality?
Palmer Square Capital Bdc Inc. (PSBD) has an earnings quality ratio of -4.21x, 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.