v3.26.3
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Sep. 30, 2026
Jun. 30, 2026
Assets    
Investments at fair value $ 5,944,478 [1] $ 6,342,558 [2]
Cash and cash equivalents (restricted cash of $1,986 and $2,812, respectively) 38,016 43,572
Receivables for:    
Interest, net 23,039 17,350
Derivative Assets, at fair value (Note 6) 14,373 18,900
Deferred financing costs on Revolving Credit Facility (Note 4) 12,940 14,128
Prepaid expenses 1,103 1,419
Due from broker 0 60
Total Assets  6,038,758 6,448,627
Liabilities     
Revolving Credit Facility (Notes 4 and 8) 287,152 562,328
Due to Prospect Capital Management (Note 13) 38,885 38,946
Dividends payable 26,742 18,252
Interest payable 17,005 13,968
Due to broker 4,509 9,156
Accrued expenses 2,093 3,675
Total Liabilities  1,612,574 1,945,331
Commitments and Contingencies (Notes 3 and 15)
Preferred Stock, par value $0.001 per share (764,723,593 and 766,678,529 shares of preferred stock authorized; 67,450,547 and 68,468,200 issued and outstanding, respectively) (Note 9) 1,551,095 1,574,450
Net Assets Applicable to Common Shares 2,875,089 2,928,846
Common stock, par value $0.001 per share (3,235,276,407 and 1,233,321,471 common shares authorized; 536,295,785 and 512,746,556 issued and outstanding, respectively) (Note 9) 536 513
Paid-in capital in excess of par (Notes 9 and 12) 4,363,871 4,310,026
Accumulated other comprehensive income (loss) 6,880 5,801
Distributions in excess of earnings (Note 12) (1,496,198) (1,387,494)
Net Assets Applicable to Common Shares $ 2,875,089 $ 2,928,846
Net Asset Value Per Common Share (Note 16)  (in dollars per share) $ 5.36 $ 5.71
Public Notes    
Liabilities     
Notes $ 643,110 $ 690,841
Prospect Capital InterNotes®    
Liabilities     
Notes 591,263 607,480
Nonrelated Party    
Receivables for:    
Other 4,694 9,228
Liabilities     
Other liabilities 490 685
Administration    
Receivables for:    
Other 0 1,351
Liabilities     
Other liabilities 1,325 0
Affiliated Entity    
Receivables for:    
Other 115 61
Control investments    
Assets    
Investments at fair value 3,360,718 [1],[3] 3,644,274 [2],[4]
Non-controlled/affiliated    
Assets    
Investments at fair value 22,028 30,447
Non-control/non-affiliate investments    
Assets    
Investments at fair value $ 2,561,732 [1] $ 2,667,837 [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 three months ended September 30, 2026 with these controlled investments were as follows:
Controlled CompaniesFair Value at June 30, 2026Gross Additions (Cost)(A)Gross Reductions (Cost) (B)Net unrealized
gains (losses)		Fair Value at September 30, 2026Interest
income		Dividend
income		Other
income		Net realized
gains (losses)
Belnick, LLC$108,565 $2,207 $— $(6,541)$104,231 $3,079 $— $13 $— 
CP Energy Services Inc.82,823 4,693 — (1,152)86,364 3,596 — — — 
CP Energy - Spartan Energy Services, LLC58,456 483 — 2,802 61,741 1,884 — — — 
Credit Central Loan Company, LLC56,537 1,398 — (3,822)54,113 1,371 — — — 
Echelon Transportation, LLC— — — — — — — — — 
First Tower Finance Company LLC960,778 9,366 — 13,756 983,900 18,824 — 3,079 — 
Freedom Marine Solutions, LLC12,077 — — (69)12,008 — — — — 
InterDent, Inc.340,451 8,414 — (17,103)331,762 11,379 — — — 
Kickapoo Ranch Pet Resort3,828 — — 572 4,400 20 — — — 
MITY, Inc.82,436 2,015 — (5,747)78,704 2,321 — 50 6 
National Property REIT Corp.1,081,596 15,017 — (25,506)1,071,107 8,998 — — — 
Nationwide Loan Company LLC31,732 282 — (1,996)30,018 281 — — — 
NMMB, Inc.79,804 — — 4,403 84,207 949 1,351 — (1,351)
Pacific World Corporation112,412 2,094 — (1,504)113,002 2,499 — — — 
QC Holdings TopCo, LLC100,106 3,430 — (7,057)96,479 3,482 — — — 
R-V Industries, Inc.98,475 — — 1,602 100,077 1,828 — — — 
Strategic Chemical Solutions Corp.9,375 564 — (1,364)8,575 733 — — — 
Universal Turbine Parts, LLC124,259 2,148 (63)1,360 127,704 1,493 2,148 — — 
Valley Electric Company, Inc.293,854 — (95,912)(197,942)— 2,515 (1,083)9,840 132,904 
Victor Technology, LLC (C)6,710 — (75)5,691 12,326 
(C)
313 — 6 — 
Total$3,644,274 $52,111 $(96,050)$(239,617)$3,360,718 $65,565 $2,416 $12,988 $131,559 
(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, 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.