Security
Bain Capital Specialty Finance, Inc. · BCSF
BCSFNYSECommon stockCurrentCIK 1655050Updated Oct 28, 2026
Name history
Sankaty Capital Corp · through Apr 1, 2016
BCSF price & chart
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NYSE:BCSF on TradingView ↗About the company
Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. BCSF is managed by BCSF Advisors, LP, an SEC-registered investment adviser and a subsidiary of Bain Capital Credit, LP. Since commencing investment operations on October 13, 2016, and through June 30, 2026, BCSF has invested approximately $10,129.6 million in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. BCSF’s investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. BCSF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.
In the news
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Recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
10-Q filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Submission of Matters to a Vote of Security Holders
Items 5.07
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
DEF 14A filing
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 2,716,036,000Source | 2,543,682,000Source | 2,620,082,000Source | 2,774,306,000Source | 2,414,847,000Source | 2,601,676,000Source | 2,642,315,000Source | 2,580,113,000Source | 2,662,585,000Source | 2,632,157,000Source | 2,472,348,000Source | 2,592,434,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 40,874,000Source | 25,336,000Source | 97,187,000Source | 27,843,000Source | 18,417,000Source | 12,973,000Source | 10,168,000Source | 46,708,000Source | 23,092,000Source | 51,562,000Source | 42,995,000Source | 30,205,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 1,587,489,000Source | 1,397,094,000Source | 1,539,717,000Source | 1,635,271,000Source | 1,272,302,000Source | 1,508,121,000Source | 1,497,811,000Source | 1,437,605,000Source | 1,545,175,000Source | 1,492,485,000Source | 1,335,882,000Source | 1,476,043,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 65,000Source | 65,000Source | 65,000Source | 65,000Source | 65,000Source | 65,000Source | 65,000Source | 65,000Source | 65,000Source | 65,000Source | 65,000Source | 65,000Source |
| Additional Paid in CapitalUSD | 1,164,045,000Source | 1,165,191,000Source | 1,161,110,000Source | 1,164,045,000Source | 1,165,191,000Source | 1,161,110,000Source | 1,164,045,000Source | 1,165,191,000Source | 1,161,110,000Source | 1,159,493,000Source | 1,168,384,000Source | 1,168,384,000Source |
| Retained Earnings (Accumulated Deficit)USD | -35,563,000Source | -18,668,000Source | -80,810,000Source | -25,075,000Source | -22,711,000Source | -67,620,000Source | -19,606,000Source | -22,748,000Source | -43,765,000Source | -19,886,000Source | -31,983,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 1,128,547,000Source | 1,146,588,000Source | 1,080,365,000Source | 1,139,035,000Source | 1,142,545,000Source | 1,093,555,000Source | 1,144,504,000Source | 1,142,508,000Source | 1,117,410,000Source | 1,139,672,000Source | 1,136,466,000Source | 1,116,391,000Source |
| Liabilities and EquityUSD | 2,716,036,000Source | 2,543,682,000Source | 2,620,082,000Source | 2,774,306,000Source | 2,414,847,000Source | 2,601,676,000Source | 2,642,315,000Source | 2,580,113,000Source | 2,662,585,000Source | 2,632,157,000Source | 2,472,348,000Source | 2,592,434,000Source |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | 1,496,360,000Source | 1,300,607,000Source | 1,501,129,000Source | 1,562,578,000Source | 1,173,944,000Source | 1,454,657,000Source | 1,451,204,000Source | 1,357,589,000Source | 1,470,796,000Source | 1,390,270,000Source | 1,255,933,000Source | 1,385,303,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | 3,390,000Source | 28,547,000Source | 98,756,000Source | 119,418,000Source | 123,375,000Source | 105,480,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 26,636,000Source | -7,269,000Source | 29,524,000Source | -27,098,000Source | 219,264,000Source | -316,830,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -51,289,000Source | 1,982,000Source | -71,876,000Source | 14,251,000Source | -231,426,000Source | 238,330,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | — |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 649,000,000Source | 395,699,000Source | 1,228,199,000Source | 735,301,000Source | 480,000,000Source | 462,247,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 86,772,000Source | 59,753,000Source | 130,611,000Source | 174,485,000Source | 34,188,000Source | 93,965,000Source | 58,910,000Source | 99,066,000Source | 112,484,000Source | 125,730,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 20,180,000Source | 20,005,000Source | 76,866,000Source | 70,089,000Source | 75,285,000Source | 43,350,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 0Source | 3,337,000Source | 3,337,000Source | 2,248,000Source | 1,216,000Source | 134,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -69,000Source | 186,000Source | 2,196,000Source | -571,000Source | -1,084,000Source | 649,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 1,538,000Source | 1,149,000Source | 5,203,000Source | 4,022,000Source | 3,570,000Source | 3,896,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | -17,834,000Source | 24,682,000Source | 21,575,000Source | -12,310,000Source | 29,470,000Source | -10,682,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | 335,000Source | -465,000Source | -889,000Source | 581,000Source | 66,000Source | -249,000Source | 761,000Source | -320,000Source | -5,134,000Source | 5,292,000Source |
| Gain (Loss) on Sale of DerivativesUSD | — | — | -1,016,000Source | 20,000Source | -3,136,000Source | -1,409,000Source | -2,989,000Source | -2,405,000Source | -5,817,000Source | 2,304,000Source | -407,000Source | 20,894,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | 0Source | — | -747,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | 0Source | — | 0Source | 0Source | 0Source |
| InterestIncomeOperatingPaidInKindUSD | — | — | — | — | — | — | 7,385,000Source | — | 33,881,000Source | — | — | — |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | — | — | 29,191,000Source | 29,053,000Source | 27,245,000Source | 29,191,000Source | 27,245,000Source | 29,191,000Source | 126,494,000Source | 116,212,000Source | 103,300,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 18,703,000Source | 33,096,000Source | 14,055,000Source | 23,722,000Source | 3,390,000Source | 28,547,000Source | 98,756,000Source | 119,418,000Source | 123,375,000Source | 105,480,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | — | 0Source | — | 102,500,000Source | — | 102,500,000Source | — | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 643,000,000Source | 459,000,000Source | 1,306,000,000Source | 867,000,000Source | 348,000,000Source | 792,747,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | -9,628,000Source | -23,953,000Source | -28,228,000Source | -10,447,000Source | -43,897,000Source | -3,080,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | 3,023,000Source | -5,693,000Source | 3,214,000Source | -15,074,000Source | 6,546,000Source | -2,073,000Source | -12,566,000Source | 5,765,000Source | -2,322,000Source | -5,259,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | 0Source | — | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 18,703,000Source | 33,096,000Source | 14,055,000Source | 23,722,000Source | 3,390,000Source | 28,547,000Source | 98,756,000Source | 119,418,000Source | 123,375,000Source | 105,480,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.29Source | 0.51Source | 0.22Source | 0.37Source | 0.05Source | 0.44Source | 1.53Source | 1.85Source | 1.91Source | 1.63Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.29Source | 0.51Source | 0.22Source | 0.37Source | 0.05Source | 0.44Source | 1.53Source | 1.85Source | 1.91Source | 1.63Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 64,868,507Source | 64,562,265Source | 64,868,507Source | 64,868,507Source | 64,868,507Source | 64,676,192Source | 64,821,087Source | 64,562,265Source | 64,562,265Source | 64,562,265Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 64,868,507Source | 64,562,265Source | 64,868,507Source | 64,868,507Source | 64,868,507Source | 64,676,192Source | 64,821,087Source | 64,562,265Source | 64,562,265Source | 64,562,265Source |
| Additional Financial Items | ||||||||||||
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | -17,834,000Source | 24,682,000Source | 21,575,000Source | -12,310,000Source | 29,470,000Source | -10,682,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | 335,000Source | -465,000Source | -889,000Source | 581,000Source | 66,000Source | -249,000Source | 761,000Source | -320,000Source | -5,134,000Source | 5,292,000Source |
| Interest ExpenseUSD | — | — | 20,310,000Source | 18,117,000Source | 20,664,000Source | 21,772,000Source | 20,252,000Source | 18,904,000Source | 80,585,000Source | 74,688,000Source | 80,008,000Source | 52,318,000Source |
| InterestIncomeOperatingPaidInKindUSD | — | — | — | — | — | — | 7,385,000Source | — | 33,881,000Source | — | — | — |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | — | — | 29,200,000Source | 33,984,000Source | 28,605,000Source | 30,590,000Source | 27,364,000Source | 32,110,000Source | 121,596,000Source | 134,677,000Source | 141,615,000Source | — |
| Management Fee ExpenseUSD | — | — | 9,430,000Source | 8,897,000Source | 8,993,000Source | 9,257,000Source | 9,085,000Source | 9,068,000Source | 37,163,000Source | 35,644,000Source | 36,095,000Source | 34,669,000Source |
| Net Investment IncomeUSD | — | — | 30,001,000Source | 35,009,000Source | 29,337,000Source | 31,666,000Source | 28,270,000Source | 33,186,000Source | 125,349,000Source | 139,152,000Source | 144,972,000Source | 103,543,000Source |
| Other General and Administrative ExpenseUSD | — | — | 1,965,000Source | 2,454,000Source | 1,761,000Source | 1,928,000Source | 2,069,000Source | 2,571,000Source | 8,424,000Source | 10,108,000Source | 7,981,000Source | 5,777,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | -9,628,000Source | -23,953,000Source | -28,228,000Source | -10,447,000Source | -43,897,000Source | -3,080,000Source |
Filing attachments
bcsf-ex99_1.htm · 8-K · 2026-10-27
Exhibit 99.1 Bain Capital Specialty Finance, Inc. Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2026 BOSTON - October 26, 2026 - Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced it will report its financial results for the third quarter ended September 30, 2026 on Monday, November 9, 2026 after market close. Management will host a conference call on Tuesday, November 10, 2026 at 10:00 a.…
Read attachment ↗bcsf-ex99_1.htm · 8-K · 2026-08-10
EX-99.1 2 bcsf-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Bain Capital Specialty Finance, Inc. Bain Capital Specialty Finance, Inc. Announces June 30, 2026 Financial Results and Declares Third Quarter 2026 Dividend of $0.42 per Share BOSTON - August 10, 2026 - Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the second quarter ended June 30, 2026, and that its Board of Directors (the “Board”) has declared a dividend of $0.…
Read attachment ↗bcsf-ex99_1.htm · 8-K · 2026-07-23
EX-99.1 2 bcsf-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Bain Capital Specialty Finance, Inc. Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2026 BOSTON - July 23, 2026 - Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced it will report its financial results for the second quarter ended June 30, 2026 on Monday, August 10, 2026 after market close. Management will host a conference call on Tue…
Read attachment ↗d845735dex991.htm · 8-K · 2026-05-12
EX-99.1 2 d845735dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Bain Capital Specialty Finance, Inc. Bain Capital Specialty Finance, Inc. Announces March 31, 2026 Financial Results and Declares Second Quarter 2026 Dividend of $0.42 per Share BOSTON - May 11, 2026 - Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the first quarter ended March 31, 2026, and that its Board of Directors (the “Board”) has declared a dividend of $0…
Read attachment ↗d76427dex991.htm · 8-K · 2026-04-29
EX-99.1 2 d76427dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2026 BOSTON - April 28, 2026 - Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”) today announced it will report its financial results for the first quarter ended March 31, 2026 on Monday, May 11, 2026 after market close. Management will host a conference call on Tuesday, May 12, 2026 at 8:30 a.m. Eastern Time to discus…
Read attachment ↗d942249dex991.htm · 8-K · 2026-02-12
Exhibit 99.1 Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Fourth Quarter Ended December 31, 2025 BOSTON - February 12, 2026 - Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”) today announced it will report its financial results for the fourth quarter and fiscal year ended December 31, 2025 on Thursday, February 26, 2026 after market close. Management will host a conference call on Friday, February 27, 2026 at 8:00 a.m. Eastern Time to discuss the Comp…
Read attachment ↗