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ICMB

Investcorp Credit Management BDC, Inc.

ICMB

Investcorp Credit Management BDC, Inc. • NASDAQ
$3.05 ▲ 3.04% (+0.09)
Market Cap $43.96 M
52w High $3.47
52w Low $2.46
Dividend Yield 0.52%
P/E 10.17
Volume 79.73K
Outstanding Shares 14.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $3.889M ▼ $3.889M ▲ $508.465K ▲ 13.076% ▲ $0 ▲ $0
Q4-2025 $4.545M ▲ $1.683M ▲ $-434.298K ▼ -9.555% ▼ $-0.03 ▼ $0
Q3-2025 $4.369M ▼ $1.681M ▼ $2.206M ▲ 50.502% ▲ $0.15 ▲ $0
Q2-2025 $4.545M ▲ $1.683M ▲ $-434.298K ▼ -9.555% ▼ $-0.039 ▼ $0
Q1-2025 $4.369M $1.681M $2.206M 50.502% $0.46 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $11.633M ▲ $210.636M ▼ $137.933M ▼ $72.703M ▼
Q4-2025 $2.947M ▲ $224.065M ▲ $148.08M ▲ $75.984M ▼
Q3-2025 $2.333M ▼ $207.607M ▼ $129.505M ▼ $78.101M ▲
Q2-2025 $2.947M ▲ $224.065M ▲ $148.08M ▲ $75.984M ▼
Q1-2025 $2.333M $207.607M $129.505M $78.101M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-1.261M ▼ $-5.548M ▼ $6.837M ▲ $-7M ▼ $-5.712M ▼ $-5.548M ▼
Q4-2025 $-434.298K ▼ $5.116M ▲ $-11.849M ▼ $11.087M ▲ $4.355M ▼ $5.116M ▲
Q3-2025 $2.206M ▲ $3.364M ▲ $1.728M ▲ $-4.206M ▼ $7.881M ▲ $3.364M ▲
Q2-2025 $-564.54K ▼ $-9.562M ▼ $-2.292M ▼ $17.964M ▲ $6.996M ▲ $-9.562M ▼
Q1-2025 $6.607M $481.709K $0 $4.5M $4.982M $481.709K

Five-Year Company Overview

Income Statement

Income Statement ICMB’s income statement shows a business that is hovering close to breakeven, with only modest profitability at the operating level and a lot of noise in the bottom line. Per‑share results swing between small profits and small losses, which is typical for a credit-focused BDC where unrealized gains and losses can move earnings around. There is no clear pattern of strong growth; instead, the picture is of a steady, income-oriented lender whose results are driven more by credit conditions and portfolio marks than by expanding revenue.

Balance Sheet

Balance Sheet The balance sheet has been gradually shrinking, with both total assets and debt coming down over the last few years. That suggests a more cautious, de‑risking stance: loan exposure is being reduced and leverage is being dialed back. Equity has edged lower as well, pointing to limited retained earnings and the impact of portfolio movements and distributions. Overall, ICMB appears conservatively funded for a BDC, but with a relatively thin capital cushion and a portfolio that is not growing.

Cash Flow

Cash Flow Cash flow is a relative bright spot. The company has been consistently generating cash from its operations, and because it has minimal spending needs for equipment or fixed assets, most of that cash effectively becomes free cash flow. This fits the BDC model: ICMB collects interest and fees from its loan portfolio and pays out much of that as dividends, rather than reinvesting heavily. The trade-off is that cash flows look steady but do not yet point to strong internal growth.

Competitive Edge

Competitive Edge ICMB competes in the crowded middle‑market lending and private credit space. Its main edge comes from being part of the wider Investcorp platform, which brings deal flow, brand recognition, and a seasoned credit team. The company focuses on established, cash‑generative borrowers and uses a defensive, floating‑rate loan mix, which can help in a rising‑rate environment. However, ICMB is a relatively small player, which can limit scale advantages and bargaining power, and it operates in a segment where many alternative lenders and private funds are vying for the same deals.

Innovation and R&D

Innovation and R&D ICMB does not position itself as a technology or fintech innovator. The strategy is traditional credit investing: relationship-driven sourcing, structured lending (such as unitranche and mezzanine), and risk management, all supported by Investcorp’s broader network. There is little emphasis on proprietary tech platforms or analytics in public disclosures. The “innovation” here is more about tailoring financing structures and leveraging a global sponsor’s reach, rather than pushing the frontier of digital lending or data science.

Summary

Overall, ICMB looks like a conservative, income-focused BDC backed by a large alternative asset manager. Financially, it shows modest, sometimes choppy earnings, a shrinking but de‑levered balance sheet, and reliable cash generation with minimal reinvestment needs. Strategically, its strengths are the Investcorp affiliation, middle‑market lending expertise, and a defensive, floating‑rate portfolio. Key risks include its small scale, thin equity buffer, earnings volatility tied to credit marks, and heavy dependence on the health of its borrowers and the broader credit cycle. The story is one of stability and discipline rather than rapid growth or technological disruption.

NEWS

November 12, 2025 · 7:12 PM UTC

Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended September 30, 2025, and Quarterly and Supplemental Distribution

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November 11, 2025 · 10:38 PM UTC

Investcorp Credit Management BDC, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2025

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November 11, 2025 · 4:05 PM UTC

Investcorp Credit Management BDC, Inc. Schedules Earnings Release for the Second Quarter Ended September 30, 2025

Read more