v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment income      
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 140,864 $ 150,849 $ 135,768
PIK interest income 5,235 8,737 6,093
Dividend income 978 228 0
Fee income 3,181 5,100 3,029
Total investment income 150,258 164,914 144,890
Expenses      
Interest and other financing expenses 33,201 36,962 29,312
Management fee 9,234 8,997 7,863
Administrative expenses 1,291 1,321 1,160
Professional fees 1,241 1,084 1,038
Other general and administrative expenses 399 304 329
Total expenses 45,366 48,668 39,702
Net investment income 104,892 116,246 105,188
Net realized (losses) gains on investments (12,880) (56) (11)
Net change in unrealized (depreciation) appreciation of investments (7,693) (4,330) 16,827
Net realized and unrealized (losses) gains (20,573) (4,386) 16,816
Net increase in net assets resulting from operations $ 84,319 $ 111,860 $ 122,004
Earnings per share      
Basic (in dollars per share) $ 0.89 $ 1.24 $ 1.53
Diluted (in dollars per share) $ 0.89 $ 1.24 $ 1.53
Weighted average shares of common stock outstanding      
Basic (in shares) 94,581,881 90,094,782 79,577,910
Diluted (in shares) 94,581,881 90,094,782 79,577,910