Oxford Square Capital Reports Q1 2026 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
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Should l Buy OXSQ?
Source: seekingalpha
- Decline in Net Investment Income: Oxford Square Capital reported a net investment income of $0.05 for Q1 2026, missing expectations by $0.01, indicating pressure on profitability in the current market environment, which may affect investor confidence.
- Decrease in Total Investment Income: The total investment income for the quarter was $8.94 million, down 12% year-over-year and missing the $9.9 million target, reflecting challenges in revenue generation that could impact future dividend capabilities.
- Reduction in Net Asset Value: As of March 31, 2026, the net asset value per share stood at $1.32, a significant drop from $1.69 on December 31, 2025, indicating a decline in asset value that may raise concerns among investors regarding future performance.
- Yield Variations: The weighted average yield of debt investments increased slightly to 14.7% from 14.5% as of December 31, 2025, while the effective yield of CLO equity investments fell from 8.6% to 7.3%, highlighting performance disparities across different investment categories that could affect overall portfolio returns.
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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 focuses on 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 artificial intelligence, 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 Capital Reports Q1 2026 Earnings Results
- Decline in Investment Income: Oxford Square Capital reported net investment income of approximately $4.1 million or $0.05 per share for Q1 2026, down from $5.4 million or $0.07 per share in the previous quarter, indicating significant earnings pressure on the company.
- Decrease in Net Asset Value: As of March 31, the company's net asset value per share stood at $1.32, a decline from $1.69 in the prior quarter, reflecting a weakening overall portfolio value that may impact investor confidence.
- Increased Investment Losses: The company recorded combined net unrealized and realized losses on investments of approximately $29.7 million or $0.34 per share in Q1, compared to $18.3 million or $0.22 per share in the previous quarter, highlighting a deteriorating market environment and rising investment risks.
- AI Investment Strategy: Over the past six months, the company made two new investments in AI companies, demonstrating its focus on the AI sector; despite current financial challenges, this strategy may provide new growth opportunities in the future.
See More
Oxford Square Capital Reports Q1 2026 Financial Results
- Decline in Net Investment Income: Oxford Square Capital reported a net investment income of $0.05 for Q1 2026, missing expectations by $0.01, indicating pressure on profitability in the current market environment, which may affect investor confidence.
- Decrease in Total Investment Income: The total investment income for the quarter was $8.94 million, down 12% year-over-year and missing the $9.9 million target, reflecting challenges in revenue generation that could impact future dividend capabilities.
- Reduction in Net Asset Value: As of March 31, 2026, the net asset value per share stood at $1.32, a significant drop from $1.69 on December 31, 2025, indicating a decline in asset value that may raise concerns among investors regarding future performance.
- Yield Variations: The weighted average yield of debt investments increased slightly to 14.7% from 14.5% as of December 31, 2025, while the effective yield of CLO equity investments fell from 8.6% to 7.3%, highlighting performance disparities across different investment categories that could affect overall portfolio returns.
See More
Oxford Square Capital to Announce Q1 Earnings on April 29
- Earnings Announcement Date: Oxford Square Capital (OXSQ) is set to announce its Q1 2023 earnings on April 29 before market open, with consensus EPS estimate at $0.06 and revenue estimate at $9.84 million, reflecting a 3.1% year-over-year decline.
- Performance Expectation Analysis: Over the past year, OXSQ has only beaten EPS and revenue estimates 25% of the time, indicating volatility in its profitability which may affect investor confidence.
- Estimate Revision Status: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, while revenue estimates also saw no upward revisions and one downward revision, suggesting cautious market expectations for the company's future performance.
- Market Reaction Potential: As the earnings report approaches, investors will closely monitor OXSQ's performance, particularly in the current economic climate, where any results exceeding expectations could positively impact the stock price.
See More
Oxford Square Capital Corp. to Hold Q1 2026 Earnings Call
- Earnings Call Announcement: Oxford Square Capital Corp. has announced a conference call scheduled for April 29, 2026, at 9:00 AM Eastern Time to discuss its Q1 2026 financial results, which is expected to provide crucial insights for investors regarding the company's performance.
- Dial-in Information: The toll-free dial-in number for the call is 1-800-715-9871, with access code 2511724, ensuring that investors can easily participate and receive the latest financial data and strategic updates from the company.
- Recording Replay Service: A recorded replay of the call will be available for 30 days post-event, allowing investors who cannot attend live to access the information by dialing 1-800-770-2030 and using the replay passcode 2511724#, enhancing accessibility to key financial discussions.
- Company Overview: 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, reflecting its diversified investment strategy in the financial market.
See More
Oxford Square Capital Q4 2025 Earnings Analysis
- Declining NAV: Oxford Square Capital's net asset value (NAV) fell every quarter in 2025, dropping 26% from $2.30 to $1.69 per share, indicating ongoing financial strain and raising concerns about potential capital loss for investors.
- Dividend and Earnings Mismatch: The company distributed $0.105 per share in Q4 2025 while generating only $0.07 in net investment income, resulting in a 150% payout ratio, highlighting reliance on return of capital to bridge the gap between payouts and earnings, which is unsustainable in the long run.
- Escalating Losses: The fund recorded $18.3 million in losses in Q4, primarily due to markdowns in CLO equity, more than doubling the $7.5 million loss from the previous quarter, reflecting increasing pressure in the leveraged loan market and raising concerns about future profitability.
- Fixed Rate Debt Pressure: With $74.8 million locked in at a 7.75% fixed rate, the decline in floating-rate income due to Fed rate cuts has led to compressed margins, creating a structural mismatch that poses significant risks to the company's financial stability.
See More
Oxford Square (OXSQ) Earnings Call Transcript
See More
Oxford Square Capital Reports Q1 2026 Earnings Results
- Decline in Investment Income: Oxford Square Capital reported net investment income of approximately $4.1 million or $0.05 per share for Q1 2026, down from $5.4 million or $0.07 per share in the previous quarter, indicating significant earnings pressure on the company.
- Decrease in Net Asset Value: As of March 31, the company's net asset value per share stood at $1.32, a decline from $1.69 in the prior quarter, reflecting a weakening overall portfolio value that may impact investor confidence.
- Increased Investment Losses: The company recorded combined net unrealized and realized losses on investments of approximately $29.7 million or $0.34 per share in Q1, compared to $18.3 million or $0.22 per share in the previous quarter, highlighting a deteriorating market environment and rising investment risks.
- AI Investment Strategy: Over the past six months, the company made two new investments in AI companies, demonstrating its focus on the AI sector; despite current financial challenges, this strategy may provide new growth opportunities in the future.
See More
Oxford Square Capital Reports Q1 2026 Financial Results
- Decline in Net Investment Income: Oxford Square Capital reported a net investment income of $0.05 for Q1 2026, missing expectations by $0.01, indicating pressure on profitability in the current market environment, which may affect investor confidence.
- Decrease in Total Investment Income: The total investment income for the quarter was $8.94 million, down 12% year-over-year and missing the $9.9 million target, reflecting challenges in revenue generation that could impact future dividend capabilities.
- Reduction in Net Asset Value: As of March 31, 2026, the net asset value per share stood at $1.32, a significant drop from $1.69 on December 31, 2025, indicating a decline in asset value that may raise concerns among investors regarding future performance.
- Yield Variations: The weighted average yield of debt investments increased slightly to 14.7% from 14.5% as of December 31, 2025, while the effective yield of CLO equity investments fell from 8.6% to 7.3%, highlighting performance disparities across different investment categories that could affect overall portfolio returns.
See More
Oxford Square Capital to Announce Q1 Earnings on April 29
- Earnings Announcement Date: Oxford Square Capital (OXSQ) is set to announce its Q1 2023 earnings on April 29 before market open, with consensus EPS estimate at $0.06 and revenue estimate at $9.84 million, reflecting a 3.1% year-over-year decline.
- Performance Expectation Analysis: Over the past year, OXSQ has only beaten EPS and revenue estimates 25% of the time, indicating volatility in its profitability which may affect investor confidence.
- Estimate Revision Status: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, while revenue estimates also saw no upward revisions and one downward revision, suggesting cautious market expectations for the company's future performance.
- Market Reaction Potential: As the earnings report approaches, investors will closely monitor OXSQ's performance, particularly in the current economic climate, where any results exceeding expectations could positively impact the stock price.
See More
Oxford Square Capital Corp. to Hold Q1 2026 Earnings Call
- Earnings Call Announcement: Oxford Square Capital Corp. has announced a conference call scheduled for April 29, 2026, at 9:00 AM Eastern Time to discuss its Q1 2026 financial results, which is expected to provide crucial insights for investors regarding the company's performance.
- Dial-in Information: The toll-free dial-in number for the call is 1-800-715-9871, with access code 2511724, ensuring that investors can easily participate and receive the latest financial data and strategic updates from the company.
- Recording Replay Service: A recorded replay of the call will be available for 30 days post-event, allowing investors who cannot attend live to access the information by dialing 1-800-770-2030 and using the replay passcode 2511724#, enhancing accessibility to key financial discussions.
- Company Overview: 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, reflecting its diversified investment strategy in the financial market.
See More
Oxford Square Capital Q4 2025 Earnings Analysis
- Declining NAV: Oxford Square Capital's net asset value (NAV) fell every quarter in 2025, dropping 26% from $2.30 to $1.69 per share, indicating ongoing financial strain and raising concerns about potential capital loss for investors.
- Dividend and Earnings Mismatch: The company distributed $0.105 per share in Q4 2025 while generating only $0.07 in net investment income, resulting in a 150% payout ratio, highlighting reliance on return of capital to bridge the gap between payouts and earnings, which is unsustainable in the long run.
- Escalating Losses: The fund recorded $18.3 million in losses in Q4, primarily due to markdowns in CLO equity, more than doubling the $7.5 million loss from the previous quarter, reflecting increasing pressure in the leveraged loan market and raising concerns about future profitability.
- Fixed Rate Debt Pressure: With $74.8 million locked in at a 7.75% fixed rate, the decline in floating-rate income due to Fed rate cuts has led to compressed margins, creating a structural mismatch that poses significant risks to the company's financial stability.
See More
Oxford Square (OXSQ) Earnings Call Transcript
See More
