Net Asset Value per Share at $1.69 as of December 31, 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
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Should l Buy OXSQ?
Net asset value per share as of December 31, 2025 stood at $1.69, compared with a NAV per share on September 30, 2025 of $1.95. Total investment income for the quarter ended December 31, 2025 amounted to approximately $10.4M, compared with approximately $10.2M for the quarter ended September 30, 2025.
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Analyst Views on OXSQ
About OXSQ
Oxford Square Capital Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its portfolio’s total return. It seeks an attractive risk-adjusted total return by investing primarily in corporate debt securities and collateralized loan obligation (CLO) structured finance investments that own corporate debt securities. CLO investments may also include warehouse facilities, which are early-stage CLO vehicles intended to aggregate loans that may be used to form the basis of a traditional CLO vehicle. The Company may also invest in publicly traded debt and/or equity securities. Its portfolio of investments in various industries includes aerospace and defense, business services, food and beverage, healthcare, industrials, materials, software, telecommunication services, structured finance, and information technology (IT) consulting. The Company's investment adviser is Oxford Square Management, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Oxford Square (OXSQ) Earnings Call Transcript
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Oxford Square Capital Reports Q4 2025 Earnings Insights
- Net Investment Income: Oxford Square Capital reported net investment income of $5.4 million or $0.07 per share for Q4 2025, remaining stable compared to $5.6 million in the previous quarter, yet the net asset value per share declined to $1.69, indicating pressure on the investment portfolio amidst market volatility.
- Increased Investment Losses: The company recorded approximately $18.3 million in combined net unrealized and realized losses, translating to $0.22 per share, which is a significant increase from $7.5 million in the prior quarter, highlighting the deteriorating market conditions impacting the portfolio, particularly in the software and private credit sectors.
- New Investment Activity: During the quarter, the company made $18 million in new investment purchases and reported $7.4 million in repayments, demonstrating an active search for investment opportunities despite market uncertainties, while also issuing 4.3 million shares through an at-the-market offering, generating net proceeds of $7.9 million.
- Future Distribution Plans: The Board declared monthly distributions of $0.035 per share for April, May, and June 2026, and despite facing market challenges, management remains focused on long-term investment strategies aimed at maximizing total returns, reflecting the company's confidence in future prospects.
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Oxford Square Capital Reports Q4 Earnings Results
- Net Investment Income: Oxford Square Capital reported a GAAP net investment income of $0.07 for Q4, aligning with expectations and demonstrating the company's ability to maintain stable earnings.
- Investment Income Growth: Total investment income reached $10.4 million, reflecting a 2.0% year-over-year increase, beating market expectations by $0.26 million, indicating positive progress in portfolio management.
- Market Reaction Analysis: Despite the income growth, market disappointment regarding the performance of Oxford Square Capital's bonds may affect future investor confidence and sentiment.
- NAV Decline: The continued decline in the company's net asset value (NAV) aligns with market trends, potentially impacting long-term returns for investors and raising concerns about future performance.
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Oxford Square Capital Set to Announce Q4 Earnings
- Earnings Announcement: Oxford Square Capital (OXSQ) is set to release its Q4 earnings on March 3rd before market open, with a consensus EPS estimate of $0.07, reflecting a 22.2% year-over-year decline, indicating a potential drop in profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $10.14 million, showing a slight year-over-year decrease of 0.6%, which suggests challenges in revenue growth that could impact investor confidence.
- Historical Performance Review: Over the past two years, OXSQ has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, indicating some volatility in profitability, but future performance remains a concern.
- Market Sentiment Analysis: Despite a history of exceeding expectations, market sentiment towards OXSQ's bonds has been unimpressive, and the ongoing decline in NAV (Net Asset Value) may continue, prompting investors to carefully assess holding risks.
See More
Oxford Square Capital to Host Q4 2025 Earnings Call
- Earnings Call Announcement: Oxford Square Capital Corp. has announced a conference call scheduled for March 3, 2026, at 9:00 AM Eastern Time to discuss its fourth quarter 2025 earnings, aiming to provide investors and analysts with insights into its financial performance and future outlook.
- Dial-in Information: The toll-free dial-in number for the call is 1-800-715-9871, with access code 4928384, ensuring that participants can easily join and receive the latest financial data and company updates.
- Recording Replay Service: A recorded replay of the call will be available for 30 days post-event, allowing interested listeners to dial 1-800-770-2030 and use the replay passcode 4928384 to access information if they are unable to attend live.
- Company Background: Oxford Square Capital Corp. is a publicly traded business development company primarily investing in syndicated bank loans, with additional investments in debt and equity tranches of collateralized loan obligation (CLO) vehicles, showcasing its diversified investment strategy in the financial market.
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Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended June 30, 2025 and Declaration of Distributions on Common Stock for the Months Ending October 31, November 30, and December 31, 2025
Financial Performance Overview: Oxford Square Capital Corp. reported a net asset value (NAV) of $2.06 per share as of June 30, 2025, with a net investment income of approximately $5.5 million for the quarter, down from $6.1 million in the previous quarter. Total investment income also decreased to about $9.5 million.
Distributions and Share Activity: The company declared distributions of $0.035 per share for October, November, and December 2025, and issued approximately 4.9 million shares through an "at-the-market" offering, resulting in net proceeds of around $11.6 million.
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Oxford Square (OXSQ) Earnings Call Transcript
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Oxford Square Capital Reports Q4 2025 Earnings Insights
- Net Investment Income: Oxford Square Capital reported net investment income of $5.4 million or $0.07 per share for Q4 2025, remaining stable compared to $5.6 million in the previous quarter, yet the net asset value per share declined to $1.69, indicating pressure on the investment portfolio amidst market volatility.
- Increased Investment Losses: The company recorded approximately $18.3 million in combined net unrealized and realized losses, translating to $0.22 per share, which is a significant increase from $7.5 million in the prior quarter, highlighting the deteriorating market conditions impacting the portfolio, particularly in the software and private credit sectors.
- New Investment Activity: During the quarter, the company made $18 million in new investment purchases and reported $7.4 million in repayments, demonstrating an active search for investment opportunities despite market uncertainties, while also issuing 4.3 million shares through an at-the-market offering, generating net proceeds of $7.9 million.
- Future Distribution Plans: The Board declared monthly distributions of $0.035 per share for April, May, and June 2026, and despite facing market challenges, management remains focused on long-term investment strategies aimed at maximizing total returns, reflecting the company's confidence in future prospects.
See More
Oxford Square Capital Reports Q4 Earnings Results
- Net Investment Income: Oxford Square Capital reported a GAAP net investment income of $0.07 for Q4, aligning with expectations and demonstrating the company's ability to maintain stable earnings.
- Investment Income Growth: Total investment income reached $10.4 million, reflecting a 2.0% year-over-year increase, beating market expectations by $0.26 million, indicating positive progress in portfolio management.
- Market Reaction Analysis: Despite the income growth, market disappointment regarding the performance of Oxford Square Capital's bonds may affect future investor confidence and sentiment.
- NAV Decline: The continued decline in the company's net asset value (NAV) aligns with market trends, potentially impacting long-term returns for investors and raising concerns about future performance.
See More
Oxford Square Capital Set to Announce Q4 Earnings
- Earnings Announcement: Oxford Square Capital (OXSQ) is set to release its Q4 earnings on March 3rd before market open, with a consensus EPS estimate of $0.07, reflecting a 22.2% year-over-year decline, indicating a potential drop in profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $10.14 million, showing a slight year-over-year decrease of 0.6%, which suggests challenges in revenue growth that could impact investor confidence.
- Historical Performance Review: Over the past two years, OXSQ has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, indicating some volatility in profitability, but future performance remains a concern.
- Market Sentiment Analysis: Despite a history of exceeding expectations, market sentiment towards OXSQ's bonds has been unimpressive, and the ongoing decline in NAV (Net Asset Value) may continue, prompting investors to carefully assess holding risks.
See More
Oxford Square Capital to Host Q4 2025 Earnings Call
- Earnings Call Announcement: Oxford Square Capital Corp. has announced a conference call scheduled for March 3, 2026, at 9:00 AM Eastern Time to discuss its fourth quarter 2025 earnings, aiming to provide investors and analysts with insights into its financial performance and future outlook.
- Dial-in Information: The toll-free dial-in number for the call is 1-800-715-9871, with access code 4928384, ensuring that participants can easily join and receive the latest financial data and company updates.
- Recording Replay Service: A recorded replay of the call will be available for 30 days post-event, allowing interested listeners to dial 1-800-770-2030 and use the replay passcode 4928384 to access information if they are unable to attend live.
- Company Background: Oxford Square Capital Corp. is a publicly traded business development company primarily investing in syndicated bank loans, with additional investments in debt and equity tranches of collateralized loan obligation (CLO) vehicles, showcasing its diversified investment strategy in the financial market.
See More
Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended June 30, 2025 and Declaration of Distributions on Common Stock for the Months Ending October 31, November 30, and December 31, 2025
Financial Performance Overview: Oxford Square Capital Corp. reported a net asset value (NAV) of $2.06 per share as of June 30, 2025, with a net investment income of approximately $5.5 million for the quarter, down from $6.1 million in the previous quarter. Total investment income also decreased to about $9.5 million.
Distributions and Share Activity: The company declared distributions of $0.035 per share for October, November, and December 2025, and issued approximately 4.9 million shares through an "at-the-market" offering, resulting in net proceeds of around $11.6 million.
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