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OCCI

OFS Credit Company, Inc.

OCCI

OFS Credit Company, Inc. • NASDAQ
$5.01 ▲ 3.51% (+0.17)
Market Cap $138.62 M
52w High $7.58
52w Low $4.31
Dividend Yield 1.38%
P/E 35.79
Volume 213.05K
Outstanding Shares 27.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $11.875M ▲ $3.449M ▲ $7.93M ▲ 66.781% ▲ $0.29 ▲ $0
Q2-2025 $10.244M ▲ $3.283M ▼ $-12.578M ▼ -122.789% ▼ $-0.5 ▼ $0
Q1-2025 $10.059M ▲ $3.3M ▲ $3.803M ▼ 37.803% ▼ $0.17 ▼ $0
Q4-2024 $8.59M ▲ $2.969M ▲ $5.296M ▲ 61.661% ▲ $0.28 ▲ $0
Q3-2024 $7.451M $2.629M $3.435M 46.102% $0.21 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.332M ▼ $287.404M ▲ $117.374M ▲ $170.029M ▲
Q2-2025 $23.071M ▲ $277.29M ▲ $116.987M ▲ $160.303M ▼
Q1-2025 $17.534M ▼ $256.951M ▲ $92.741M ▲ $164.21M ▲
Q4-2024 $24.696M ▲ $240.774M ▲ $92.167M ▲ $148.607M ▲
Q3-2024 $22.007M $183.986M $62.978M $121.009M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.93M ▲ $0 $0 $0 $0 $0
Q2-2025 $-12.578M ▼ $0 $0 $0 $0 $0
Q1-2025 $3.803M ▼ $0 $0 $0 $0 $0
Q4-2024 $5.296M ▲ $0 $0 $0 $0 $0
Q3-2024 $3.435M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement OCCI’s income statement shows a business that can swing sharply with market conditions. Revenue has been relatively steady in recent years, but profit has moved from gains to losses and back to gains. After a tough stretch with losses in 2022 and flat results in 2023, the company returned to solid profitability in the latest period. Earnings per share have been especially volatile, reflecting the nature of CLO equity: results look strong in good credit markets and can weaken quickly when loan performance or valuations move against them. Overall, the income statement tells a story of a high‑income but high‑variability strategy rather than a smooth, predictable earner.

Balance Sheet

Balance Sheet The balance sheet points to gradual growth with moderate use of leverage. Total assets have increased over the last few years, suggesting a larger investment portfolio at work. Equity has also grown, which is a positive sign for the underlying value of the fund over time, although management has acknowledged pressure on net asset value per share recently. Debt funding has risen but still sits well below total assets, indicating some leverage but not extreme levels. Cash balances are relatively small, which is typical for an investment company that keeps most capital deployed, but it means the company relies on its credit lines and portfolio management for flexibility rather than large cash reserves.

Cash Flow

Cash Flow Cash flow is consistently negative from operations, which can look concerning in a traditional operating business but is more common in a closed‑end fund structure. The company’s reported earnings come largely from changes in the value and income of its investment portfolio, not from selling products or services. Because of this, cash movements are driven by portfolio purchases and sales, financing arrangements, and distributions to shareholders. Free cash flow tracks operating cash flow closely, as there is effectively no spending on physical assets. The key takeaway: investors need to focus more on the sustainability of portfolio income and financing access than on traditional cash flow metrics.

Competitive Edge

Competitive Edge OCCI operates in a specialized corner of finance: CLO equity and related securities. This is a niche area with fewer direct competitors than broad asset managers, which can be an advantage. Its external manager, OFS Capital Management, brings long experience across multiple credit cycles and also manages CLOs directly, giving OCCI insight into both structuring and investing in these vehicles. This dual role and specialized analytical tools form much of its competitive edge. On the other hand, the niche is small, complex, and highly sensitive to credit conditions and interest rates. Larger players with more diversified platforms can sometimes weather downturns more easily, so OCCI’s focus is both a strength and a concentration risk.

Innovation and R&D

Innovation and R&D OCCI does not innovate through traditional research and development; instead, its “R&D” shows up in how it refines its investment process. The adviser uses sophisticated analytical systems and credit models to assess the underlying loans in CLO structures, which is critical in such a complex asset class. Innovation here means improving deal selection, risk modeling, and portfolio construction rather than building new products or technologies. The company is also exploring how to integrate ESG considerations into its process, which could differentiate it as institutional investors push for more responsible investing frameworks, though this remains an emerging theme rather than a fully developed edge.

Summary

OCCI is a specialized income-focused fund tied closely to the performance of CLO equity and related credit instruments. Financially, it has bounced back to profitability after a period of losses, but its history shows that earnings and net asset value can be quite volatile. The balance sheet has grown with measured leverage, and cash is kept lean, consistent with an actively invested portfolio. Competitive strength comes from deep CLO expertise and the dual role of its adviser as both manager and investor in CLOs, while risks stem from concentration in a complex, cyclical asset class that can react sharply to changes in credit quality and interest rates. Overall, OCCI represents a high‑income, high‑variability profile where understanding the underlying credit cycle and CLO structures is more important than focusing on smooth cash flow or stable earnings patterns.

NEWS

November 17, 2025 · 5:00 PM UTC

OFS Credit Company Announces Preliminary Estimates of Certain Financial Results for its Fourth Fiscal Quarter 2025

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November 4, 2025 · 5:00 PM UTC

OFS Credit Company Executes Master Repurchase Agreement

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October 16, 2025 · 9:00 AM UTC

OFS Credit Company Declares Monthly Common Stock Cash Distributions

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October 15, 2025 · 5:00 PM UTC

OFS Credit Company Provides September 2025 Net Asset Value Update

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September 15, 2025 · 5:00 PM UTC

OFS Credit Company Provides August 2025 Net Asset Value Update

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