Portman Ridge Fin Corp Financials

PTMN

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Portman Ridge Fin Corp (PTMN) 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).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Portman Ridge Fin Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.

Earnings Quality Mixed

-9.54x

For every $1 of reported earnings, Portman Ridge Fin Corp generates $-9.54 in operating cash flow ($56.6M OCF vs -$5.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$5.9M

YoY-152.1%

Portman Ridge Fin Corp reported -$5.9M in net income in fiscal year 2024. This represents a decrease of 152.1% from the prior year.

EPS (Diluted)

$-0.64

YoY-153.3%

Portman Ridge Fin Corp earned $-0.64 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 153.3% from the prior year.

Cash & Debt

$17.5M

YoY-34.9%

Portman Ridge Fin Corp held $17.5M in cash against $265.1M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-2.0%

Portman Ridge Fin Corp had 9M shares outstanding in fiscal year 2024. This represents a decrease of 2.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$3.8M

YoY-12.0%

Portman Ridge Fin Corp spent $3.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 12.0% from the prior year.

Capital Expenditures

N/A

PTMN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
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	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	$20.8M-17.9%	$25.3M+43.0%	$17.7M+29.7%	$13.6M+32.7%	$10.3M
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	-$5.9M-152.1%	$11.4M+154.2%	-$21.0M-180.7%	$26.0M-17.6%	$31.6M
EPS (Diluted)	$-0.64-153.3%	$1.20+155.0%	$-2.18-171.5%	$3.05-51.7%	$6.32

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
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	$5.5M+30.4%	$4.2M-1.6%	$4.3M	N/A	N/A	$6.3M-0.5%	$6.4M+0.6%	$6.3M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$23.6M+623.0%	-$4.5M-5409.8%	-$82K+96.8%	-$2.5M-136.3%	$7.0M-6.0%	$7.4M+339.1%	-$3.1M-5761.8%	$55K
EPS (Diluted)	$1.86+479.6%	$-0.49-4800.0%	$-0.01+96.4%	$-0.28-137.8%	$0.74-5.1%	$0.78+336.4%	$-0.33-3400.0%	$0.01

PTMN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$453.6M-17.4%	$549.2M-11.3%	$619.5M-4.4%	$648.3M	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$17.5M-34.9%	$26.9M+422.8%	$5.1M-82.2%	$28.9M+313.7%	$7.0M
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	$275.1M-18.0%	$335.7M-13.3%	$387.4M+5.2%	$368.2M	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$265.1M-17.8%	$322.4M-13.6%	$373.3M+7.5%	$347.2M	N/A
Total Equity	$178.5M-16.4%	$213.5M-8.0%	$232.1M-17.1%	$280.1M+29.5%	$216.3M
Retained Earnings	-$535.9M-6.2%	-$504.4M+0.1%	-$504.8M-11.4%	-$453.1M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Total Assets	$567.8M+32.7%	$428.0M-2.5%	$438.8M-3.3%	$453.6M-17.4%	$549.2M+0.6%	$545.7M-2.1%	$557.2M-6.1%	$593.6M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.8M-74.7%	$11.2M+21.5%	$9.2M-47.3%	$17.5M-34.9%	$26.9M+80.7%	$14.9M-26.5%	$20.3M+70.7%	$11.9M
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	$336.5M+27.8%	$263.3M-0.8%	$265.3M-3.6%	$275.1M-18.0%	$335.7M+1.4%	$331.0M-3.3%	$342.2M-7.1%	$368.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$321.7M+26.8%	$253.7M+0.1%	$253.3M-4.4%	$265.1M-17.8%	$322.4M+1.4%	$317.8M-3.6%	$329.6M-6.8%	$353.7M
Total Equity	$231.3M+40.4%	$164.7M-5.1%	$173.5M-2.8%	$178.5M-16.4%	$213.5M-0.6%	$214.8M-0.1%	$215.0M-4.5%	$225.1M
Retained Earnings	-$532.7M+3.1%	-$549.8M-1.6%	-$541.0M-0.9%	-$535.9M-6.2%	-$504.4M+3.0%	-$520.0M+0.2%	-$520.9M-1.9%	-$511.2M

PTMN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$56.6M-53.2%	$120.9M+465.3%	-$33.1M-154.1%	$61.1M-49.7%	$121.7M
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	-$88.2M-7.0%	-$82.5M-3808.3%	-$2.1M+97.2%	-$75.7M-72.6%	-$43.9M
Dividends Paid	$25.3M-1.5%	$25.6M+8.8%	$23.6M+19.9%	$19.6M+86.2%	$10.5M
Share Buybacks	$3.8M-12.0%	$4.4M+13.7%	$3.8M+109.7%	$1.8M+111.7%	$863K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Operating Cash Flow	$35.4M+564.6%	$5.3M+855.6%	$558K-97.2%	$20.2M-51.7%	$41.9M+130.9%	$18.1M-13.3%	$20.9M-47.6%	$39.9M
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	-$42.6M-898.3%	-$4.3M+74.9%	-$17.0M-141.2%	-$7.0M-74.4%	-$4.0M+79.7%	-$19.9M+37.1%	-$31.6M-17.2%	-$26.9M
Dividends Paid	$6.4M+50.1%	$4.3M-13.0%	$4.9M-21.7%	$6.3M-2.8%	$6.4M-0.6%	$6.5M+0.9%	$6.4M+2.3%	$6.3M
Share Buybacks	$250K	$0	$0-100.0%	$688K-61.5%	$1.8M+46.5%	$1.2M+120.8%	$553K-30.2%	$792K

PTMN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
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	N/A	5.3%	N/A	9.3%-5.3pp	14.6%
Return on Assets	-1.3%-3.4pp	2.1%+5.5pp	-3.4%-7.4pp	4.0%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.49-0.0	1.51-0.1	1.61+0.4	1.24	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
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	10.2%	N/A	2.1%	N/A	3.3%-0.2pp	3.5%	N/A	0.0%
Return on Assets	4.2%+5.2pp	-1.1%-1.0pp	-0.0%+0.5pp	-0.6%-1.8pp	1.3%-0.1pp	1.4%+1.9pp	-0.6%-0.6pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.39-0.1	1.54+0.1	1.46-0.0	1.49-0.0	1.51+0.0	1.48-0.1	1.53-0.0	1.57
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Portman Ridge Fin Corp profitable?

No, Portman Ridge Fin Corp (PTMN) reported a net income of -$5.9M in fiscal year 2024.

What is Portman Ridge Fin Corp's earnings per share (EPS)?

Portman Ridge Fin Corp (PTMN) reported diluted earnings per share of $-0.64 for fiscal year 2024. This represents a -153.3% 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.

How much debt does Portman Ridge Fin Corp have?

As of fiscal year 2024, Portman Ridge Fin Corp (PTMN) had $17.5M in cash and equivalents against $265.1M in long-term debt.

What is Portman Ridge Fin Corp's operating cash flow?

Portman Ridge Fin Corp (PTMN) generated $56.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Portman Ridge Fin Corp's total assets?

Portman Ridge Fin Corp (PTMN) had $453.6M in total assets as of fiscal year 2024, including both current and long-term assets.

Does Portman Ridge Fin Corp buy back shares?

Yes, Portman Ridge Fin Corp (PTMN) spent $3.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Portman Ridge Fin Corp have outstanding?

Portman Ridge Fin Corp (PTMN) had 9M shares outstanding as of fiscal year 2024.

What is Portman Ridge Fin Corp's debt-to-equity ratio?

Portman Ridge Fin Corp (PTMN) had a debt-to-equity ratio of 1.49 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Portman Ridge Fin Corp's return on assets (ROA)?

Portman Ridge Fin Corp (PTMN) had a return on assets of -1.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Portman Ridge Fin Corp's Piotroski F-Score?

Portman Ridge Fin Corp (PTMN) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Portman Ridge Fin Corp's earnings high quality?

Portman Ridge Fin Corp (PTMN) has an earnings quality ratio of -9.54x, 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.