v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment Income        
Payment-in-kind ("PIK") interest income $ 2,189 $ 2,764 $ 7,370 $ 10,793
Total Investment Income 16,829 46,182 76,603 150,715
Operating Expenses        
Interest expense 2,970 15,975 33,230 50,783
Management fees, net [1] 2,441 6,492 10,072 20,663
Performance based incentive fees 0 3,688 0 12,451
Professional fees 1,331 1,160 3,990 3,378
Directors' fees 195 195 590 590
Other general and administrative 1,556 962 4,515 2,968
Total Operating Expenses 8,493 28,472 52,397 90,833
Net Investment Income (Loss) Before Taxes 8,336 17,710 24,206 59,882
U.S. federal and state corporate-level income tax expense/(benefit) exclusive of excise tax (1,656) 316 (1,019) 1,173
Net Investment Income (Loss) After Taxes 9,992 17,394 25,225 58,709
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss)     (43,614) (20,264)
Income tax (provision) benefit 6,723 (57) 6,746 (142)
Translation of assets and liabilities in foreign currencies (8) (674) (855) 1,610
Total Net Change in Unrealized Gain (Loss) (17,860) (16,164) (37,723) (18,796)
Net realized gain (loss):        
Foreign currency transactions 3 435 494 414
Realized income tax (expense) / benefit (8,394) 0 (8,394) 0
Total Net Realized Gain (Loss) 16,944 (9) (4,388) (18,700)
Total Net Realized and Change in Unrealized Gain (Loss) (916) (16,173) (42,111) (37,496)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 9,076 $ 1,221 $ (16,886) $ 21,213
Earnings Per Share - Basic (in usd per share) $ 0.08 $ 0.01 $ (0.15) $ 0.17
Earnings Per Share - Diluted (in usd per share) $ 0.08 $ 0.01 $ (0.15) $ 0.17
Weighted Average Shares Outstanding - Basic (in shares) 115,645,897 119,752,779 115,540,561 124,189,895
Weighted Average Shares Outstanding - Diluted (in shares) 115,645,897 119,752,779 115,540,561 124,189,895
Investment income from non-controlled, non-affiliated investments:        
Investment Income        
Interest Income $ 12,465 $ 38,475 $ 55,462 $ 124,838
Payment-in-kind ("PIK") interest income 2,189 2,764 7,370 10,793
Dividend income 1,501 3,654 8,303 11,322
Other income 114 585 3,473 1,706
Total Investment Income 16,269 45,478 74,608 148,659
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) (24,481) (15,086) (54,723) (18,862)
Net realized gain (loss):        
Net realized gain (loss): 25,335 (444) 14,589 (19,114)
Investment income from non-controlled, affiliated investments:        
Investment Income        
Interest Income 412 417 1,208 1,211
Dividend income 137 277 759 816
Other income 4 3 10 9
Total Investment Income 553 697 1,977 2,036
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) (97) (371) 11,132 (1,423)
Net realized gain (loss):        
Net realized gain (loss): 0 0 (11,077) 0
Investment income from controlled, affiliated investments:        
Investment Income        
Interest Income     0  
Dividend income 7 7 18 20
Other income     0  
Total Investment Income 7 7 18 20
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) $ 3 $ 24 (23) $ 21
Net realized gain (loss):        
Net realized gain (loss):     $ 0  
[1] Refer to “Note 3 — Agreements and Related Party Transactions” for additional details on management fee waiver.