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OCCIN

OFS Credit Company, Inc.

OCCIN

OFS Credit Company, Inc. • NASDAQ
$24.42 ▲ 0.00% (+0.00)
Market Cap $669.85 M
52w High $24.87
52w Low $23.50
Dividend Yield 1.31%
P/E 48.74
Volume 2.20K
Outstanding Shares 6.64M

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 OCCIN’s income statement shows a small but improving business that is highly sensitive to market conditions. After a weak patch with losses a couple of years ago, profitability has recently bounced back, with both operating and net income returning to positive territory. That said, earnings per share have been quite volatile from year to year, reflecting the ups and downs of the CLO market and the leverage in the strategy. Overall, the trend is toward better results, but with a history that reminds you this is not a smooth, predictable earnings profile.

Balance Sheet

Balance Sheet The balance sheet has been gradually expanding, with total assets and shareholders’ equity both growing over the past few years. This suggests the company has been able to scale its investment portfolio and retain a solid equity base. Debt has also increased, which is common for a credit-focused vehicle but does introduce more sensitivity to interest rates and market stress. Cash balances are modest, so liquidity management and access to funding lines remain important. In short, the balance sheet looks reasonably balanced for a leveraged credit fund, but it relies on stable market conditions and continued lender support.

Cash Flow

Cash Flow Despite recent profits, operating cash flow has been consistently negative, and free cash flow has tracked that pattern. For an investment company like OCCIN, this often reflects ongoing portfolio investments, distributions, and the timing of cash receipts rather than traditional business operations. Still, it means the firm depends on capital markets, borrowing, and equity issuance to fund its strategy and investor distributions. The absence of meaningful capital spending is typical for an asset manager, but the persistent cash outflows underline a reliance on external capital flows and portfolio performance, not organic cash generation.

Competitive Edge

Competitive Edge OCCIN occupies a narrow but specialized niche: equity and debt tranches of CLOs backed by corporate loans. Its edge comes less from brand power and more from the expertise of its external manager, OFS Capital Management, which has long experience in leveraged loans and structured credit. This specialization can be an advantage because the market is complex and not easily entered by generalist managers. At the same time, the firm competes with other CLO specialists and large credit platforms, and its fortunes are tightly tied to a single segment of the credit market. The moat here is knowledge and relationships, not scale or technology, and that makes the competitive position strong in its niche but narrow in scope.

Innovation and R&D

Innovation and R&D Innovation at OCCIN is primarily about process and analytics, not flashy technology or big R&D budgets. The company leans on the advisor’s credit research, data use, and structured credit know-how to find and structure CLO investments. Public disclosures do not highlight proprietary systems, but they do suggest a disciplined, research-heavy platform supported by long-term industry relationships. Future innovation is likely to show up as new structured credit products, different risk-return profiles, or incremental improvements in data and analytics rather than transformational tech breakthroughs. In practical terms, the “R&D” is the continuous refinement of credit models, portfolio construction, and deal sourcing.

Summary

OCCIN is a small, specialized credit vehicle whose fortunes are closely linked to the performance of CLO markets. Financially, it has moved from losses to recent profitability, with a growing asset base and a capital structure that mixes rising debt with a solid equity cushion. However, cash flow has been consistently negative, emphasizing reliance on external capital and market access rather than steady internal cash generation. Competitively, the company stands on its manager’s deep CLO expertise and relationships, giving it an edge in a complex niche but leaving it exposed to credit cycles and sentiment toward structured products. Overall, OCCIN represents a focused, expertise-driven platform with improving results but meaningful sensitivity to credit conditions, leverage, and the inherent volatility of its chosen asset class.