What is Palmer Square Capital Bdc Inc.'s earnings per share (EPS)?

Palmer Square Capital Bdc Inc. (PSBD) reported diluted earnings per share of $1.66 for fiscal year 2025. This represents a -14.0% 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.

Palmer Square Capital Bdc Inc. Financials

PSBD

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

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 5 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).

Rhea AI PSBD FY2025 2026-05-06

Portfolio earnings swing more than leverage, revealing a finance-heavy model where cash realization and funding flows drive operating reality.

FY2025 produced -$3.2M of net income but $160.7M of operating cash flow, after FY2024 showed the reverse combination. That reversal means reported profit and cash generation are not moving together; annual results are being shaped by non-cash valuation changes and portfolio timing rather than by a stable cash-margin engine from one year to the next.

Leverage stayed relatively steady at 142.8% in FY2023 and 162.7% in FY2025, so the balance-sheet posture did not radically change. ROE moved from 23.3% to -0.7%, which points to asset-level return volatility rather than simple balance-sheet expansion or contraction as the bigger driver of performance.

The cash balance is tiny relative to the balance sheet: FY2025 ended with $3.2M of cash and $755.3M of liabilities. That makes this a capital-recycling model, not a cash-reserve model, which fits financing outflow of -$160.2M almost offsetting operating inflow of $160.7M instead of cash sitting idle on the balance sheet.

Financial Health Signals

Financial Profile 16/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Palmer Square Capital Bdc Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

Palmer Square Capital Bdc Inc. carries a low D/E ratio of 1.63, meaning only $1.63 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.

Returns

Palmer Square Capital Bdc Inc. generates a -0.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is down from 8.9% the prior year.

Piotroski F-Score Weak

3/9

Palmer Square Capital Bdc Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Mixed

-50.69x

For every $1 of reported earnings, Palmer Square Capital Bdc Inc. generates $-50.69 in operating cash flow ($160.7M OCF vs -$3.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$3.2M

YoY-106.6%

Palmer Square Capital Bdc Inc. reported -$3.2M in net income in fiscal year 2025. This represents a decrease of 106.6% from the prior year.

EPS (Diluted)

$1.66

YoY-14.0%

Palmer Square Capital Bdc Inc. earned $1.66 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 14.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$3.2M

YoY+16.3%

Palmer Square Capital Bdc Inc. held $3.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

31M

YoY-4.1%

Palmer Square Capital Bdc Inc. had 31M shares outstanding in fiscal year 2025. This represents a decrease of 4.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-0.7%

YoY-9.5pp

Palmer Square Capital Bdc Inc.'s ROE was -0.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 9.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$18.0M

YoY+1326.1%

Palmer Square Capital Bdc Inc. spent $18.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1326.1% from the prior year.

Capital Expenditures

N/A

PSBD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	$1.9M+1.9%	$1.8M
Operating Income	N/A	N/A	N/A	-$33.4M-98.3%	-$16.9M
Interest Expense	$50.1M-13.7%	$58.0M+30.4%	$44.5M+89.7%	$23.5M+172.2%	$8.6M
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	-$3.2M-106.6%	$47.7M-55.8%	$107.8M+244.8%	-$74.5M-490.8%	$19.1M
EPS (Diluted)	$1.66-14.0%	$1.93-14.6%	$2.26+27.0%	$1.78+21.1%	$1.47

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	$10.6M	N/A	$12.8M+1.4%	$12.6M-3.0%	$13.0M	N/A	$15.7M+4.5%	$15.0M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$37.2M	N/A	$3.4M-53.2%	$7.2M+185.5%	-$8.4M	N/A	$7.6M+42.2%	$5.3M
EPS (Diluted)	$-1.19	N/A	$0.430.0%	$0.43+7.5%	$0.40	N/A	$0.480.0%	$0.48

PSBD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$1.2B-14.8%	$1.4B+27.6%	$1.1B+6.1%	$1.1B-13.1%	$1.2B
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.2M+16.3%	$2.8M+30.7%	$2.1M+28.2%	$1.7M+51.0%	$1.1M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$755.3M-15.4%	$893.2M+35.4%	$659.9M-4.9%	$694.0M-9.2%	$764.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$464.1M-13.7%	$537.8M+16.4%	$462.0M+27.1%	$363.4M-19.7%	$452.8M
Retained Earnings	-$129.6M-76.7%	-$73.3M-24.8%	-$58.7M+46.8%	-$110.5M-1475.2%	$8.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.2B-4.4%	$1.2B-4.8%	$1.3B-2.5%	$1.3B-3.5%	$1.4B-4.8%	$1.4B+1.2%	$1.4B-3.1%	$1.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.5M-53.7%	$3.2M-23.4%	$4.2M-74.4%	$16.4M+472.2%	$2.9M+3.8%	$2.8M+54.9%	$1.8M-87.9%	$14.8M
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	$752.3M-0.4%	$755.3M-4.5%	$791.1M-2.3%	$809.6M-4.4%	$847.1M-5.2%	$893.2M+2.5%	$871.6M-4.2%	$910.0M
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	$413.8M-10.8%	$464.1M-5.4%	$490.4M-2.9%	$505.2M-2.1%	$515.8M-4.1%	$537.8M-0.8%	$541.9M-1.2%	$548.8M
Retained Earnings	-$178.3M-37.6%	-$129.6M-16.9%	-$110.8M-10.0%	-$100.8M-6.7%	-$94.4M-28.8%	-$73.3M-5.4%	-$69.6M-12.6%	-$61.8M

PSBD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$160.7M+180.1%	-$200.6M-1126.4%	$19.5M-22.2%	$25.1M+105.7%	-$438.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$160.2M-179.6%	$201.2M+1154.9%	-$19.1M+22.3%	-$24.6M-105.6%	$438.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$18.0M+1326.1%	$1.3M	$0	$0	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$29.1M-47.9%	$55.7M+218.3%	$17.5M-57.3%	$41.0M-11.7%	$46.4M+35.3%	$34.3M+876.9%	$3.5M+783.6%	-$513K
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	-$30.8M+45.7%	-$56.7M-90.7%	-$29.8M-8.5%	-$27.4M+40.8%	-$46.3M-39.0%	-$33.3M-101.7%	-$16.5M-334.3%	$7.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.6M-79.0%	$7.6M+60.6%	$4.7M+11.5%	$4.2M+187.4%	$1.5M+92.4%	$765K+408.4%	$150K-56.5%	$346K

PSBD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	-0.7%-9.5pp	8.9%-14.5pp	23.3%+43.8pp	-20.5%-24.7pp	4.2%
Return on Assets	-0.3%-3.6pp	3.3%-6.3pp	9.6%+16.7pp	-7.0%-8.6pp	1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.63-0.0	1.66+0.2	1.43-0.5	1.91+0.2	1.69
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	-9.0%	N/A	0.7%-0.7pp	1.4%+3.0pp	-1.6%	N/A	1.4%+0.4pp	1.0%
Return on Assets	-3.2%	N/A	0.3%-0.3pp	0.5%+1.2pp	-0.6%	N/A	0.5%+0.2pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.82+0.2	1.63+0.0	1.61+0.0	1.60-0.0	1.64-0.0	1.66+0.1	1.61-0.0	1.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

XAI Octagon Floating Rate & Alternative Income Trust XFLT

$288.2M

BlackRock Health Sciences Trust BME

$507.1M

Pennantpark Invt Corp PNNT

$241.6M

First Trust Enhanced Equity Income Fund FFA

$454.9M

Stellus Cap Invt Corp SCM

$263.1M

Frequently Asked Questions

Is Palmer Square Capital Bdc Inc. profitable?

No, Palmer Square Capital Bdc Inc. (PSBD) reported a net income of -$3.2M in fiscal year 2025.

What is Palmer Square Capital Bdc Inc.'s return on equity (ROE)?

Palmer Square Capital Bdc Inc. (PSBD) has a return on equity of -0.7% for fiscal year 2025, 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 $160.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Palmer Square Capital Bdc Inc.'s total assets?

Palmer Square Capital Bdc Inc. (PSBD) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Palmer Square Capital Bdc Inc. buy back shares?

Yes, Palmer Square Capital Bdc Inc. (PSBD) spent $18.0M on share buybacks during fiscal year 2025, 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 31M shares outstanding as of fiscal year 2025.

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 1.63 as of fiscal year 2025, 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 -0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Palmer Square Capital Bdc Inc.'s Piotroski F-Score?

Palmer Square Capital Bdc Inc. (PSBD) has a Piotroski F-Score of 3 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 to 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 -50.69x, considered mixed quality. 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.

How financially healthy is Palmer Square Capital Bdc Inc.?

Palmer Square Capital Bdc Inc. (PSBD) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.