v3.26.1
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Assets    
Investments at fair value $ 6,342,558 [1] $ 6,673,516 [2]
Cash and cash equivalents (restricted cash of $2,812 and $4,282, respectively) 43,572 50,788
Receivables for:    
Interest, net 17,350 25,144
Derivative Assets, at fair value (Note 6) 18,900 0
Deferred financing costs on Revolving Credit Facility (Note 4) 14,128 18,842
Prepaid expenses 1,419 1,488
Due from broker 60 33,393
Total Assets  6,448,627 6,804,938
Liabilities     
Revolving Credit Facility (Notes 4 and 8) 562,328 856,322
Due to Prospect Capital Management (Note 13) 38,946 41,757
Dividends payable 18,252 28,836
Interest payable 13,968 15,116
Due to broker 9,156 5,639
Accrued expenses 3,675 3,490
Total Liabilities  1,945,331 2,186,266
Commitments and Contingencies (Note 3 and Note 15)
Preferred Stock, par value $0.001 per share (766,678,529 and 836,490,792 shares of preferred stock authorized; 68,468,200 and 70,915,937 issued and outstanding, respectively) (Note 9) 1,574,450 1,629,900
Net Assets Applicable to Common Shares 2,928,846 2,988,772
Common stock, par value $0.001 per share (1,233,321,471 and 1,163,509,208 common shares authorized; 512,746,556 and 455,902,826 issued and outstanding, respectively) (Note 9) 513 456
Paid-in capital in excess of par (Note 9 and 12) 4,310,026 4,182,453
Accumulated other comprehensive income (loss) 5,801 0
Distributions in excess of earnings (Note 12) (1,387,494) (1,194,137)
Net Assets Applicable to Common Shares $ 2,928,846 $ 2,988,772
Net Asset Value Per Common Share (Note 16)  (in dollars per share) $ 5.71 $ 6.56
Public Notes    
Liabilities     
Notes $ 690,841 $ 593,444
Prospect Capital InterNotes®    
Liabilities     
Notes 607,480 638,545
Nonrelated Party    
Receivables for:    
Other 9,228 1,642
Liabilities     
Other liabilities 685 515
Administration    
Receivables for:    
Other 1,351 0
Liabilities     
Other liabilities 0 2,602
Affiliated Entity    
Receivables for:    
Other 61 125
Control investments    
Assets    
Investments at fair value 3,644,274 [1],[3] 3,696,367 [2],[4]
Non-controlled/affiliated    
Assets    
Investments at fair value 30,447 27,057
Non-control/non-affiliate investments    
Assets    
Investments at fair value $ 2,667,837 [1] $ 2,950,092 [2]
[1] Fair value is determined by or under the direction of our Board of Directors. Unless otherwise indicated by endnote 42 below, all of our investments are valued using significant unobservable inputs. In accordance with ASC 820, such investments are classified as Level 3 within the fair value hierarchy. See Notes 2 and 3 within the accompanying notes to consolidated financial statements for further discussion.
[2] Fair value is determined by or under the direction of our Board of Directors. Unless otherwise indicated by endnote 42 below, all of our investments are valued using significant unobservable inputs. In accordance with ASC 820, such investments are classified as Level 3 within the fair value hierarchy. See Notes 2 and 3 within the accompanying notes to consolidated financial statements for further discussion.
[3] As defined in the 1940 Act, we are deemed to “Control” these portfolio companies because we own more than 25% of the portfolio company’s outstanding voting securities. Transactions during the year ended June 30, 2026 with these controlled investments were as follows:
Controlled CompaniesFair Value at June 30, 2025Gross Additions (Cost)(A)Gross Reductions (Cost) (B)Net unrealized
gains (losses)		Fair Value at June 30, 2026Interest
income		Dividend
income		Other
income		Net realized
gains (losses)
Belnick, LLC (d/b/a The Ubique Group)$51,166 $11,505 $— $45,894 $108,565 $11,508 $— $50 $— 
CP Energy Services Inc.85,359 10,853 — (13,389)82,823 13,355 — — — 
CP Energy - Spartan Energy Services, LLC36,830 9,952 — 11,674 58,456 6,898 — — — 
Credit Central Loan Company, LLC78,736 2,714 — (24,913)56,537 6,355 — — — 
Echelon Transportation, LLC65,653 — (110,320)44,667 — 1,297 — — (52,334)
First Tower Finance Company LLC760,518 10,959 (2,867)192,168 960,778 71,975 — 328 — 
Freedom Marine Solutions, LLC11,660 850 — (433)12,077 — — — — 
InterDent, Inc.338,781 35,916 — (34,246)340,451 42,685 — — — 
Kickapoo Ranch Pet Resort3,917 — — (89)3,828 81 — — — 
MITY, Inc.94,418 7,123 — (19,105)82,436 9,590 — 178 19 
National Property REIT Corp.1,300,972 47,564 (73,323)(193,617)1,081,596 60,395 — — — 
Nationwide Loan Company LLC36,780 1,049 — (6,097)31,732 1,049 — — — 
NMMB, Inc.72,207 — — 7,597 79,804 3,820 2,112 — 2,108 
Pacific World Corporation107,970 24,826 — (20,384)112,412 9,775 — 418 — 
QC Holdings TopCo, LLC77,286 6,805 — 16,015 100,106 13,767 — — — 
R-V Industries, Inc.105,577 14,000 — (21,102)98,475 6,333 13,288 — — 
Strategic Chemical Solutions Corp. (f/k/a USES Corp.)14,518 1,405 (66,219)59,671 9,375 2,826 — 6 (66,219)
Universal Turbine Parts, LLC102,728 6,179 (248)15,600 124,259 6,043 6,179 — — 
Valley Electric Company, Inc.351,291 — — (57,437)293,854 12,538 10,924 666 — 
Victor Technology, LLC (C)— 12,950 (300)(5,940)6,710 
(C)
619 — 13 — 
Total$3,696,367 $204,650 $(253,277)$(3,466)$3,644,274 $280,909 $32,503 $1,659 $(116,426)
(A) Gross additions include increases in the cost basis of the investments resulting from new portfolio investments, OID accretion and PIK interest, and any transfer of investments.
(B) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investments repayments or sales, impairments, and any transfer of investments.
(C) Victor Technology LLC, was transferred to a control investment during the quarter-ended March 31, 2026 (see Note 14). Income recognized prior to the reclassification date is reflected as income from non-control/non-affiliate investments on our Consolidated Statement of Operations.
[4] As defined in the 1940 Act, we are deemed to “Control” these portfolio companies because we own more than 25% of the portfolio company’s outstanding voting securities. Transactions during the year ended June 30, 2025, with these controlled investments were as follows:
Controlled CompaniesFair Value at June 30, 2024Gross Additions (Cost)(A)Gross Reductions (Cost)(B)Net unrealized
gains (losses)		Fair Value at June 30, 2025Interest
income		Dividend
income		Other
income		Net realized
gains (losses)
Belnick, LLC (d/b/a The Ubique Group)$— $76,346 $— $(25,180)$51,166 (c)$2,748 $— $33 $— 
CP Energy Services Inc.70,721 15,174 — (536)85,359 12,550 — — — 
CP Energy - Spartan Energy Services, LLC39,485 10,301 — (12,956)36,830 6,013 — — — 
Credit Central Loan Company, LLC79,230 7,949 — (8,443)78,736 8,711 — — — 
Echelon Transportation, LLC66,923 1,260 (1,260)(1,270)65,653 3,343 — — — 
First Tower Finance Company LLC605,928 27,616 (437)127,411 760,518 65,954 — 421 — 
Freedom Marine Solutions, LLC12,651 975 — (1,966)11,660 — — — — 
InterDent, Inc.463,883 32,479 — (157,581)338,781 39,207 — — — 
Kickapoo Ranch Pet Resort4,742 — (800)(25)3,917 160 — — — 
MITY, Inc.85,583 4,265 — 4,570 94,418 9,336 — 107 12 
National Property REIT Corp.1,696,462 99,723 (285,386)(209,827)1,300,972 89,786 — 14,825 — 
Nationwide Loan Company LLC43,162 6,484 — (12,866)36,780 3,793 — — — 
NMMB, Inc.94,265 — — (22,058)72,207 4,039 — — 6,366 
Pacific World Corporation104,663 20,592 (4,875)(12,410)107,970 9,865 — 286 — 
QC Holdings TopCo, LLC— 77,286 — — 77,286 37 — 2,319 — 
R-V Industries, Inc.102,402 10,000 — (6,825)105,577 5,558 8,774 — — 
Universal Turbine Parts, LLC68,067 20,000 (107)14,768 102,728 4,755 — 300 — 
USES Corp.17,989 8,638 (2,300)(9,809)14,518 2,775 — — — 
Valley Electric Company, Inc.316,419 — — 34,872 351,291 12,677 — 666 — 
Total$3,872,575 $419,088 $(295,165)$(300,131)$3,696,367 $281,307 $8,774 $18,957 $6,378 
(A) Gross additions include increases in the cost basis of the investments resulting from new portfolio investments, OID accretion and PIK interest, and any transfer of investments.
(B) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investments repayments or sales, impairments, and any transfer of investments.
(C) Belnick, LLC (d/b/a The Ubique Group) was transferred to a control investment effective March 31, 2025 (see endnote 48). Income recognized prior to the reclassification date is reflected as income from non-control/non-affiliate investments on our Consolidated Statement of Operations.