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OXLCP

Oxford Lane Capital Corp.

OXLCP

Oxford Lane Capital Corp. • NASDAQ
$24.52 ▲ 0.33% (+0.08)
Market Cap $11.81 B
52w High $24.97
52w Low $23.75
Dividend Yield 1.56%
P/E 28.15
Volume 1.41K
Outstanding Shares 69.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $225.506M ▲ $0 $20.886M ▲ 9.262% ▲ $0.24 ▲ $48.024M ▲
Q4-2025 $223.527M ▲ $0 $-17.135M ▼ -7.666% ▼ $-0.189 ▼ $3.657M ▼
Q2-2025 $204.2M ▲ $0 $65.592M ▼ 32.122% ▼ $1.3 ▼ $83.259M ▼
Q4-2024 $157.575M ▲ $0 $119.86M ▲ 76.065% ▼ $2.75 ▼ $136.29M ▲
Q2-2024 $133.067M $0 $115.245M 86.607% $2.85 $131.675M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $19.102M ▼ $2.649B ▼ $785.399M ▼ $1.864B ▼
Q4-2025 $295.349M ▲ $2.84B ▲ $883.25M ▲ $1.957B ▲
Q2-2025 $206.491M ▲ $2.229B ▲ $623.481M ▲ $1.606B ▲
Q4-2024 $42.974M ▲ $1.751B ▲ $579.853M ▲ $1.171B ▲
Q2-2024 $27.106M $1.5B $501.892M $998.41M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $20.886M ▲ $447.178M ▲ $-609.394M ▲ $-114.031M ▼ $-276.247M ▼ $447.178M ▲
Q4-2025 $-17.135M ▼ $368.942M ▼ $-826.729M ▼ $546.645M ▲ $88.858M ▼ $368.942M ▼
Q2-2025 $65.592M ▼ $485.93M ▲ $-731.94M ▼ $409.527M ▲ $163.517M ▲ $485.93M ▲
Q4-2024 $119.86M ▲ $214.547M ▲ $-253.693M ▲ $55.015M ▼ $15.869M ▲ $214.547M ▲
Q2-2024 $115.245M $208.621M $-293.269M $90.014M $5.366M $208.621M

Five-Year Company Overview

Income Statement

Income Statement Oxford Lane’s earnings history is very up‑and‑down, which is typical for a fund focused on complex credit like CLOs. Over the last few years it has swung between strong profits and notable losses, reflecting how sensitive results are to credit conditions, loan defaults, and market pricing of CLOs. The most recent periods show profits, but at a much lower level than the prior year’s unusually strong results. Overall, the income statement tells a story of high volatility rather than steady, predictable earnings.

Balance Sheet

Balance Sheet The balance sheet has grown meaningfully over time, with total investments and shareholder equity both moving higher. Debt has also increased but remains supported by a larger asset base, suggesting a leveraged yet not extreme capital structure for this type of vehicle. Cash balances are relatively small compared with total assets, though they have improved more recently, which gives a bit more flexibility but still points to reliance on portfolio cash flows and capital markets rather than large cash reserves. Net asset value has generally trended upward, but it can be pressured when the CLO market weakens.

Cash Flow

Cash Flow Cash generation from operations has been consistently challenging. Most recent years show negative operating cash flow, which means the fund is paying out and reinvesting more than the immediate cash income coming in. With essentially no traditional capital spending, the cash picture is driven almost entirely by portfolio activity, financing decisions, and distributions. This pattern underlines that Oxford Lane depends heavily on the timing of CLO cash flows and access to financing and new capital, rather than on a smooth, self-funding cash engine.

Competitive Edge

Competitive Edge Oxford Lane competes in a narrow, specialized corner of the credit market by focusing on CLO equity and junior debt. Its key strengths are deep familiarity with this complex asset class, long‑standing relationships with CLO managers and arrangers, and the flexibility to invest across different parts of the CLO structure and life cycle. The closed‑end structure gives it stable capital, which is well suited to these less liquid assets. On the other hand, this is a crowded and technical niche, and performance is highly exposed to credit cycles and loan default trends, so its edge depends heavily on management skill and discipline through stress periods.

Innovation and R&D

Innovation and R&D The company does not innovate in the way a technology firm would; there is no classic research and development lab. Its “innovation” is mainly in structuring and selecting CLO investments, using complex financial models and risk tools to sift through deals. The focus is on intellectual capital—experience, judgment, and deal access—rather than proprietary software. Oxford Lane has also been creative in issuing different types of preferred shares and notes to match various investor income needs. Future differentiation is more likely to come from how effectively it adapts its strategy, risk tools, and product mix to changing credit and rate environments than from any single new technical breakthrough.

Summary

Oxford Lane Capital is a highly specialized, income‑oriented fund built around CLOs, which are inherently cyclical and complex. Its earnings record reflects this: results can be very strong in favorable markets and sharply negative when credit conditions turn. The balance sheet has grown and carries meaningful leverage, but asset and equity growth have kept pace, while cash remains modest. Persistent weakness in operating cash flow highlights a dependence on portfolio performance and capital markets. Competitively, Oxford Lane’s edge lies in niche expertise, flexibility, and relationships, not in technology. Overall, it is a high‑risk, high‑reward credit vehicle whose fortunes are closely tied to the health of the leveraged loan and CLO markets, making stability less likely than pronounced ups and downs over time.

NEWS

October 21, 2025 · 8:29 AM UTC

Oxford Lane Capital Corp. Schedules Second Fiscal Quarter Earnings Release and Conference Call for November 3, 2025

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September 12, 2025 · 8:00 AM UTC

Oxford Lane Capital Corp. Provides September 8, 2025 Net Asset Value Update

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September 8, 2025 · 4:01 PM UTC

Oxford Lane Capital Corp. Announces Completion of its Previously Announced 1-for-5 Reverse Stock Split

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