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BCIC

BCP Investment Corporation

BCIC

BCP Investment Corporation • NASDAQ
$13.03 ▲ 1.01% (+0.13)
Market Cap $131.02 M
52w High $17.51
52w Low $11.12
Dividend Yield 1.97%
P/E 8.35
Volume 40.54K
Outstanding Shares 10.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $28.91M ▲ $1.701M ▲ $23.63M ▲ 81.736% ▲ $0.71 ▲ $21.695M ▲
Q2-2025 $1.006M ▼ $1.431M ▲ $-4.518M ▼ -449.105% ▼ $-0.49 ▼ $-4.655M ▼
Q1-2025 $5.656M ▲ $1.094M ▼ $-82K ▲ -1.45% ▲ $-0.009 ▲ $264K ▲
Q4-2024 $3.284M ▼ $1.568M ▼ $-2.54M ▼ -77.345% ▼ $-0.28 ▼ $-2.856M ▼
Q3-2024 $5.428M $1.817M $-1.509M -27.8% $-0.16 $-1.509M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.844M ▼ $567.844M ▲ $336.54M ▲ $231.304M ▲
Q2-2025 $11.222M ▲ $427.995M ▼ $263.266M ▼ $164.729M ▼
Q1-2025 $9.233M ▼ $438.78M ▼ $265.269M ▼ $173.511M ▼
Q4-2024 $17.532M ▲ $453.634M ▼ $275.141M ▼ $178.493M ▼
Q3-2024 $13.736M $463.672M $275.69M $187.982M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18.703M ▲ $8.996M ▲ $0 ▼ $-96.861M ▼ $-87.713M ▼ $8.996M ▲
Q2-2025 $-4.518M ▼ $-789K ▼ $6.121M ▲ $-4.264M ▲ $1.068M ▲ $-789K ▼
Q1-2025 $-82K ▲ $2.402M ▼ $-1.844M ▼ $-17M ▼ $-16.442M ▼ $2.402M ▼
Q4-2024 $-2.54M ▼ $20.226M ▲ $0 ▼ $-7.048M ▲ $13.178M ▲ $20.226M ▲
Q3-2024 $-1.509M $3.88M $11.639M $-25.383M $-9.864M $3.88M

Five-Year Company Overview

Income Statement

Income Statement Revenue is small and has drifted down from its peak a few years ago, suggesting the business has not yet found a strong growth engine. Profitability has been choppy: some years show decent operating profits, while others slip into loss at the bottom line. The most recent year moved back into a small net loss after being profitable the year before, highlighting earnings volatility. Overall, margins look reasonably healthy when the business is working well, but results swing enough to signal sensitivity to market conditions, deal activity, and credit performance rather than steady, predictable growth.

Balance Sheet

Balance Sheet The balance sheet is compact and fairly stable, with total assets having risen over time and then easing slightly more recently. Debt makes up a meaningful share of the capital structure, clearly larger than equity, which is typical for a leveraged lender but still worth watching from a risk perspective. Equity has grown over the long run, though not in a straight line, indicating some value build-up but also periods of strain. Cash balances are modest, which is common in this type of business but means liquidity management and access to funding lines are important to overall resilience.

Cash Flow

Cash Flow Cash generation has generally been positive, with operating cash flow healthy in most years and only one recent year showing a notable shortfall. Because capital spending needs are minimal, almost all operating cash effectively becomes free cash flow, which is a structural strength of the model. The intermittent dip into negative cash from operations reinforces that earnings and cash can fluctuate meaningfully with portfolio performance and transaction timing, but the longer-term pattern still leans toward solid cash generation when credit conditions are supportive.

Competitive Edge

Competitive Edge BCIC operates as a middle-market lender and asset manager, where competition is intense but relationships and information advantages matter a lot. Its alignment with BC Partners and the BC Partners Credit platform is a major strength, giving it access to wider deal flow, deeper research, and more refined risk tools than a standalone BDC might have. The recent merger has boosted scale and diversification across many sectors, which can help spread risk and enhance relevance to borrowers and sponsors. On the other hand, BCIC operates in a cyclical, credit-sensitive niche; portfolio quality, leverage, and the success of merger integration will heavily influence how durable this competitive edge proves to be.

Innovation and R&D

Innovation and R&D Innovation here is strategic rather than technological. BCIC’s tie-in with BC Partners offers more advanced analytics, risk frameworks, and proprietary sourcing, which can be viewed as a form of process innovation. The company is also experimenting with shareholder-friendly tools: a shift toward more frequent distributions, a rules-based share repurchase program when the stock trades at a discount to asset value, and a flexible mandate that lets it invest across different layers of corporate capital structures. Future innovation will likely show up in how creatively and prudently it uses this flexibility—especially in stressed or dislocated markets—rather than through traditional R&D spending.

Summary

BCIC is a leveraged credit investor with a small but reasonably efficient income base, earnings that have been inconsistent, and a balance sheet shaped by meaningful debt and modest equity. Its underlying free-cash-flow profile is strong when portfolio performance is solid, yet both profit and cash can swing with credit cycles and deal flow. The key strategic advantage is its integration into the BC Partners ecosystem, which provides scale, expertise, and sourcing benefits that many peers lack. At the same time, the business is exposed to credit risk, integration risk from its merger, and the usual challenges of externally managed BDCs. Over the next few years, the most important signals will be how well BCIC stabilizes earnings, safeguards portfolio quality, grows net asset value, and sustains its enhanced distribution and capital return policies without overextending on risk.

NEWS

November 17, 2025 · 9:00 AM UTC

BCP Investment Corporation Announces Commencement of Modified “Dutch Auction” Tender Offer to Purchase up to $9.0 Million of Its Common Stock

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November 6, 2025 · 4:05 PM UTC

BCP Investment Corporation Announces Third Quarter 2025 Financial Results

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October 8, 2025 · 4:05 PM UTC

BCP Investment Corporation Schedules Third Quarter 2025 Earnings Release and Conference Call

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September 3, 2025 · 4:05 PM UTC

BCP Investment Corporation to Ring Nasdaq Stock Market Opening Bell on September 5, 2025

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