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Page: Company Financials

Bain Capital Specialty Finance, Inc.

Ticker: BCSF | Industry: Asset Management | Sector: Financial Services
$13.64 -0.08 (-0.58%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Stock Price 14.25 15.04 15.30 16.50 13.95 13.28 15.03 10.67 19.23 17.69 18.00 18.00
Market Capitalization 924.38M 975.62M 991.21M 1,064.95M 900.81M 857.06M 970.53M 630.77M 997.54M 575.04M 356.83M 356.83M
(-) Cash & Equivalents 67.04M 164.75M 99.19M 72.97M 62.72M 56.94M 55.44M 58.03M 72.64M 107.94M 92.00M 33.37M
(+) Total Debt 0.00M 1,562.58M 1,004.59M 1,305.60M 1,380.94M 1,269.98M 1,352.27M 1,542.35M 1,413.05M 517.02M 131.82M 29.55M
Enterprise Value 857.33M 2,373.45M 1,896.61M 2,297.58M 2,219.03M 2,070.10M 2,267.36M 2,115.09M 2,337.96M 984.13M 396.65M 353.01M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Revenue 192M 220M 213M 218M 169M 175M 77M 161M 74M 25M 2M
Cost of Revenue 82M 73M 75M 80M 52M 51M 63M 66M 1M 4M 0M
Gross Profit 110M 147M 138M 138M 117M 124M 14M 95M 73M 21M 2M
Gross Profit Margin 57.4% 66.8% 64.9% 63.3% 69.0% 70.7% 18.0% 58.8% 99.3% 84.8% 98.6%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 13M 14M 14M 11M 9M 9M 9M 8M 4M 3M 1M
Operating Expenses 13M 14M 14M 11M 10M 4M 5M -3M 19M 3M 1M
Operating Income (EBIT) 97M 133M 124M 127M 106M 120M 9M 98M 54M 18M 1M
Operating Income Margin 50.7% 60.3% 58.2% 58.1% 63.0% 68.4% 11.0% 60.9% 73.0% 72.3% 31.2%
Interest Income 215M 222M 222M 229M 166M 167M 174M 180M 0M 0M 1M
Interest Expense 82M 73M 75M 80M 52M 51M 63M 66M 24M 4M 0M
Net Interest Income 133M 149M 148M 149M 114M 116M 111M 114M -24M -4M 1M
Unusual Items -133M -149M -148M -149M -114M -116M -111M -114M -3M 6M -1M
EBT Excluding Unusual Items 231M 282M 271M 275M 220M 236M 119M 212M 30M 14M 1M
Pre-Tax Income 97M 133M 124M 127M 106M 120M 9M 98M 27M 19M 1M
Pre-Tax Margin 50.7% 60.3% 58.2% 58.1% 63.0% 68.4% 11.0% 60.9% 36.2% 78.7% 31.2%
Income Tax Expense 4M 4M 4M 3M 1M 0M 0M 0M 0M 0M 0M
Net Income 93M 128M 119M 123M 105M 120M 8M 98M 27M 19M 1M
Net Income Margin 48.5% 58.4% 56.1% 56.6% 62.5% 68.3% 10.7% 60.9% 36.2% 78.7% 31.2%
Depreciation & Amortization 0M 0M 0M 0M 0M 0M 0M 0M 0M 5M 0M
EBITDA 97M 133M 124M 127M 106M 120M 9M 98M 54M 23M 1M
EBITDA Margin 50.7% 60.3% 58.2% 58.1% 63.0% 68.4% 11.0% 60.9% 73.0% 93.9% 31.2%
NOPAT 93M 128M 119M 123M 105M 120M 8M 98M 54M 18M 1M
NOPAT Margin 48.5% 58.4% 56.1% 56.6% 62.5% 68.3% 10.7% 60.9% 73.0% 72.3% 31.2%
Owner's Earnings 93M 128M 119M 123M 105M 120M 8M 98M 27M 25M 1M
Owner's Earnings Margin 48.5% 58.4% 56.1% 56.6% 62.5% 68.3% 10.7% 60.9% 36.2% 100.3% 31.2%
EPS (Basic) 1.66 1.98 1.85 1.91 1.63 1.86 0.14 1.87 0.69 0.98 0.03
EPS (Diluted) 1.44 1.99 1.85 1.91 1.63 1.86 0.14 1.87 0.68 0.97 0.03
Shares (Basic) 65M 65M 65M 65M 65M 65M 59M 52M 39M 20M 20M
Shares (Diluted) 65M 65M 65M 65M 65M 65M 59M 52M 39M 20M 20M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Cash & Cash Equivalents 67.04M 37.58M 53.53M 49.40M 59.78M 117.42M 54.68M 37.34M 15.28M 140.92M 66.73M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 67.04M 37.58M 53.53M 49.40M 59.78M 117.42M 54.68M 37.34M 15.28M 140.92M 66.73M
Net Receivables 37.24M 75.19M 82.67M 41.48M 66.12M 68.00M 29.24M 45.44M 16.59M 5.39M 0.62M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.14M 0.00M
Other Current Assets 0.00M 0.00M 59.99M 0.00M 75.62M 0.00M 0.00M 0.00M 0.00M 4.42M 0.00M
Total Current Assets 104.28M 112.76M 196.18M 90.88M 201.52M 185.42M 83.91M 82.78M 31.88M 150.59M 67.35M
Property, Plant & Equipment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 8.70M 2,431.19M 2,298.34M 2,387.04M 2,294.43M 2,484.49M 2,527.06M 307.57M 831.58M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 0.00M 2,651.98M 4.59M 2.80M 0.00M 0.00M -2,484.49M 1.03M 1,451.57M 5.81M 109.37M
Other Assets 2,611.75M 0.00M 0.00M 80.11M 3.68M 91.35M 35.09M 34.69M 0.00M 0.14M 0.00M
Total Non-Current Assets 2,611.75M 2,660.69M 2,435.78M 2,381.26M 2,390.72M 2,385.77M 35.09M 2,562.78M 1,759.14M 837.52M 109.37M
Total Assets 2,716.04M 2,773.45M 2,631.96M 2,472.14M 2,592.24M 2,571.19M 119.00M 2,645.55M 1,791.01M 988.11M 176.72M
Accounts Payable 0.00M 31.86M 43.46M 20.63M 19.02M 13.68M 14.25M 2.45M 146.39M 15.96M 6.85M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 0.00M 0.00M 30.24M 0.00M 23.24M 21.95M 30.17M 22.76M 0.00M 11.25M 0.00M
Total Current Liabilities 0.00M 31.86M 73.70M 20.63M 42.27M 35.63M 44.43M 25.21M 146.39M 27.21M 6.85M
Long-Term Debt 0.00M 1,562.58M 1,390.27M 1,255.93M 1,385.30M 1,414.98M 1,458.36M 1,574.64M 634.92M 451.00M 59.10M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 0.00M 40.84M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 8.07M 0.00M 0.57M
Total Non-Current Liabilities 0.00M 1,603.41M 1,390.27M 1,255.93M 1,385.30M 1,414.98M 1,458.36M 1,574.64M 643.00M 451.00M 59.67M
Total Liabilities 0.00M 1,635.27M 1,463.97M 1,276.57M 1,427.57M 1,450.61M 1,502.79M 1,599.84M 789.39M 478.21M 66.51M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.07M 0.07M 0.07M 0.07M 0.07M 0.07M 0.07M 0.05M 0.05M 0.02M 0.01M
Retained Earnings 0.00M -25.08M -19.89M -31.98M -52.06M -68.44M -98.51M -20.00M -32.68M -3.43M -1.03M
Accumulated OCI 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.84M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 0.07M -25.01M -19.82M -31.92M -51.99M -68.38M -98.45M -19.94M -32.63M 3.43M -1.02M
Total Equity 0.07M -25.01M -19.82M -31.92M -51.99M -68.38M -98.45M -19.94M -32.63M 3.43M -1.02M
Total Liabilities & Equity 0.07M 1,610.26M 1,444.15M 1,244.65M 1,375.58M 1,382.23M 1,404.34M 1,579.90M 756.76M 481.64M 65.49M
Tangible Assets 2,716.04M 2,773.45M 2,631.96M 2,472.14M 2,592.24M 2,571.19M 119.00M 2,645.55M 1,791.01M 988.11M 176.72M
Tangible Equity 0.07M -25.01M -19.82M -31.92M -51.99M -68.38M -98.45M -19.94M -32.63M 3.43M -1.02M
Tangible Book Value 0.07M -25.01M -19.82M -31.92M -51.99M -68.38M -98.45M -19.94M -32.63M 3.43M -1.02M
Total Investments 0.00M 8.70M 2,431.19M 2,298.34M 2,387.04M 2,294.43M 2,484.49M 2,527.06M 307.57M 831.58M 0.00M
Net Debt -67.04M 1,525.00M 1,336.75M 1,206.53M 1,325.52M 1,297.56M 1,403.68M 1,537.29M 619.64M 310.08M -7.63M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Working Capital 104.3M 81.8M 94.2M 40.5M 111.0M 129.2M 39.5M 30.3M -114.5M 120.4M 60.6M
Total Capital 1,128.5M 2,701.6M 2,529.9M 2,392.4M 2,501.7M 2,515.0M 2,526.4M 2,593.0M 1,636.6M 958.0M 169.4M
Capital Employed 2,716.0M 2,742.4M 2,529.9M 2,421.8M 2,501.7M 2,515.0M 2,559.1M 2,593.0M 1,644.6M 958.0M 170.0M
Invested Capital 1,061.5M 2,664.0M 2,476.4M 2,343.0M 2,441.9M 2,397.6M 2,471.7M 2,555.7M 1,621.3M 817.0M 102.7M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Net Income 72.94M 128.34M 119.42M 123.38M 105.48M 119.81M 8.28M 98.09M 26.65M 0.00M 0.61M
Depreciation & Amortization 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.04M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 12.87M 16.11M 2.92M 9.26M -8.35M -9.53M -13.14M 8.95M 0.49M -4.07M 0.22M
Accounts Receivable 2.03M 3.50M 1.68M 1.37M -10.29M -14.36M 0.13M -8.49M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable -2.00M 12.05M 2.79M 4.76M 3.66M 4.07M -0.69M 6.40M 0.14M 0.67M 0.00M
Other Working Capital 12.85M 0.56M -1.55M 3.14M -1.73M 0.76M -12.58M 11.04M 0.35M -4.74M 0.22M
Other Non-Cash Items -7.01M -11.83M -9.75M -6.77M 17.08M -55.79M 80.80M -5.15M -801.38M -693.30M -101.56M
Net Cash from Operating Activities 78.80M 132.63M 112.58M 125.87M 114.21M 54.49M 75.94M 101.88M -774.25M -697.37M -100.77M
Capital Expenditures (PPE) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -1,341.27M -1,298.85M -1,625.98M -844.25M -1,419.13M -1,188.10M -525.01M -1,414.14M -1,064.34M -781.18M -100.31M
Sales / Maturities of Investments 1,235.87M 1,307.79M 1,486.30M 937.65M 988.08M 1,399.16M 538.49M 1,069.49M 236.11M 73.11M 0.35M
Other Investing Activities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Investing Activities -105.41M 8.94M -139.68M 93.40M -431.04M 211.06M 13.48M -344.65M -828.23M -708.07M -99.96M
Net Debt Issuance 250.75M -75.47M 128.53M -132.00M 326.13M -50.83M -118.64M 361.32M 185.97M 391.34M 59.10M
Long-Term Debt Issuance 250.75M -75.47M 128.53M -132.00M 326.13M -50.83M -118.64M 361.32M 185.97M 391.34M 59.10M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 5.48M 0.00M 0.00M 0.00M 0.00M 0.00M 128.37M -1.82M 524.27M 392.74M 109.82M
Common Stock Issuance 5.48M 0.00M 0.00M 0.00M 0.00M 0.00M 128.37M -1.82M 524.27M 392.74M 109.82M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -116.49M -112.34M -114.28M -99.43M -87.80M -87.81M -86.25M -81.25M -40.97M -7.76M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -40.97M -7.76M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2.17M -5.46M -1.42M
Net Cash from Financing Activities 139.74M -187.81M 14.25M -231.43M 238.33M -138.63M -76.52M 278.25M 667.09M 770.85M 167.50M
Effect of FX on Cash 1.60M 0.59M -0.57M -1.08M 0.65M -5.04M -0.05M 0.09M -0.49M 0.71M 0.00M
Net Change in Cash 114.73M -45.65M -13.42M -13.25M -77.85M 121.88M 12.86M 35.58M -107.65M 74.19M 66.73M
Cash at Beginning of Period 252.78M 438.51M 112.48M 125.73M 203.58M 81.70M 68.85M 33.27M 140.92M 66.73M 0.00M
Cash at End of Period 367.52M 392.86M 99.07M 112.48M 125.73M 203.58M 81.70M 68.85M 33.27M 140.92M 66.73M
Operating Cash Flow 78.80M 132.63M 112.58M 125.87M 114.21M 54.49M 75.94M 101.88M -774.25M -697.37M -100.77M
Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Free Cash Flow 78.80M 132.63M 112.58M 125.87M 114.21M 54.49M 75.94M 101.88M -774.25M -697.37M -100.77M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
EBITDA 97.34M 132.57M 123.89M 126.73M 107.06M 115.44M 5.16M 87.10M 69.26M 23.34M 1.32M
(-) Tax Adjustment 4.23M 4.23M 4.48M 3.36M 0.84M 0.13M 0.14M 0.00M 0.00M 0.01M 0.00M
(-) Change In Working Capital 12.87M 16.11M 2.92M 9.26M -8.35M -9.53M -13.14M 8.95M 0.49M -4.07M 0.22M
(-) Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow 80.24M 112.23M 116.50M 114.11M 114.57M 124.84M 18.16M 78.15M 68.78M 27.41M 1.10M
(-) Net Interest Income After Taxes 127.47M 144.60M 142.22M 144.61M 113.06M 115.87M 107.86M 113.59M -24.01M -3.94M 0.84M
Net Debt Issuance 250.75M -75.47M 128.53M -132.00M 326.13M -50.83M -118.64M 361.32M 185.97M 391.34M 59.10M
Levered Free Cash Flow 203.52M -107.84M 102.81M -162.49M 327.65M -41.85M -208.34M 325.87M 278.75M 422.69M 59.36M