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Palmer Square Capital BDC Inc.(PSBD)Earnings, Financials & Key Ratios
PSBD•NYSE•Banking & Credit
$10.75
$338M mkt cap·Price updated May 6, 2026
AboutPalmer Square Capital BDC, Inc. engages in the provision of investment funds. It lends and invests in corporate debt securities of companies. The company was founded in 2019 and is headquartered in Mission Woods, KS.Show more
- Net Interest Income$68.21B+84498.3%
- Total Revenue$111M+0.8%
- Net Income-$3M-106.6%
- Return on Equity-0.63%-106.6%
- Net Interest Margin5593.7%+99183.4%
- Efficiency Ratio42.96%+919.4%
- ROA-0.24%-106.4%
- Equity / Assets38.06%+1.3%
- Book Value per Share14.44-12.5%
- Tangible BV/Share14.44-12.5%
- Debt/Equity1.54+3.3%
PSBD Key Insights
Palmer Square Capital BDC Inc. (PSBD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 5593.7%
- ✓Efficient operations: 43.0% efficiency ratio
- ✓Well capitalized: 38.1% equity/assets
- ✓Trading at only 0.7x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PSBD Price & Volume
Palmer Square Capital BDC Inc. (PSBD) stock price & volume — 10-year historical chart
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PSBD Growth Metrics
Palmer Square Capital BDC Inc. (PSBD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years35.38%
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-68.17%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-87.07%
Return on Capital
10 Years2.96%
5 Years2.58%
3 Years5.93%
Last Year3.71%
PSBD Recent Earnings
Palmer Square Capital BDC Inc. (PSBD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 3/12 qtrs (30%)
Q2 2026Latest
May 6, 2026EPS
$1.19
Est $0.40
-397.5%
Revenue
$26M
Est $27M
-3.9%
Q1 2026
Feb 26, 2026EPS
$0.41
Est $0.42
-2.4%
Revenue
$30M
Est $30M
-1.2%
Q4 2025
Nov 5, 2025EPS
$0.43
Est $0.41
+4.9%
Revenue
$17M
Est $30M
-43.5%
Q3 2025
Aug 6, 2025EPS
$0.43
Est $0.41
+4.9%
Revenue
$26M
Est $30M
-14.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.19vs $0.40-397.5% | $26Mvs $27M-3.9% |
| Q1 2026 | Feb 26, 2026 | $0.41vs $0.42-2.4% | $30Mvs $30M-1.2% |
| Q4 2025 | Nov 5, 2025 | $0.43vs $0.41+4.9% | $17Mvs $30M-43.5% |
| Q3 2025 | Aug 6, 2025 | $0.43vs $0.41+4.9% | $26Mvs $30M-14.4% |
Based on last 12 quarters of dataView full earnings history →
PSBD Peer Comparison
Palmer Square Capital BDC Inc. (PSBD) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ARCC | 13.76B | 19.16 | 10.30 | 32.87% | 8.11% | 1.12 | ||
 FSCO | 1.04B | 5.23 | 5.51 | -17.44% | 13.47% | 0.32 | ||
 GBDC | 3.47B | 13.31 | 9.37 | 42.5% | 5.24% | 1.23 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 CGBD | 866.09M | 11.88 | 7.52 | -2.92% | 6.2% | 1.07 | ||
 PFLT | 913.8M | 9.21 | 12.79 | 2.2% | 3.23% | 1.65 | ||
 SLRC | 761.04M | 13.95 | 8.21 | 24.76% | 7.31% | 1.15 | ||
 FSK | 3.2B | 11.42 | 290.59 | 5.5% | 0.18% | 1.31 |
Compare PSBD vs Peers
Palmer Square Capital BDC Inc. (PSBD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PSBD Income Statement
Palmer Square Capital BDC Inc. (PSBD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 30.28M | 50.25M | 63.26M | 80.63M | 68.21B | 52.5M |
| NII Growth % | - | - | 65.96% | 25.87% | 27.46% | 84498.3% | 59.98% |
| Net Interest Margin % | 0% | 2.49% | 4.75% | 5.64% | 5.63% | 5593.7% | 0% |
| Interest Income | 0 | 38.9M | 73.71M | 107.74M | 138.63M | 118.27B | 25.19B |
| Interest Expense | 0 | 8.62M | 23.45M | 44.48M | 58.01M | 50.06B | 10.62B |
| Loan Loss Provision | 4.96M | 0 | 0 | 0 | 0 | -50.04B | -10.58B |
| Non-Interest Income | 24.45M | -9.36M | -123.1M | 45.92M | -28.31M | -118.15B | 1.07B |
| Non-Interest Income % | 100% | -31.67% | 249.23% | 29.89% | -25.66% | -106258.05% | 4.09% |
| Total Revenue | 24.45M▲ 0% | 29.54M▲ 20.8% | -49.39M▼ 267.2% | 153.66M▲ 411.1% | 110.32M▼ 28.2% | 111.2M▲ 0.8% | 26.26B▲ 0% |
| Revenue Growth % | - | 20.83% | -267.19% | 411.11% | -28.21% | 0.79% | 456887.43% |
| Non-Interest Expense | -11.98M | 1.87M | 1.64M | 1.34M | 4.65M | 47.77M | 1.05B |
| Efficiency Ratio | -49.01% | 6.31% | -3.32% | 0.88% | 4.21% | 42.96% | 4.01% |
| Operating Income | 31.47M▲ 0% | 19.06M▼ 39.4% | -74.48M▼ 490.8% | 107.84M▲ 244.8% | 47.67M▼ 55.8% | 46.89M▼ 1.6% | 5.22M▲ 0% |
| Operating Margin % | 128.73% | 64.52% | 150.8% | 70.18% | 43.21% | 42.17% | 0.02% |
| Operating Income Growth % | - | -39.44% | -490.78% | 244.78% | -55.8% | -1.63% | - |
| Pretax Income | 26.73M▲ 0% | 19.06M▼ 28.7% | -74.48M▼ 490.8% | 107.84M▲ 244.8% | 47.67M▼ 55.8% | -3.17M▼ 106.6% | 5.22M▲ 0% |
| Pretax Margin % | 109.34% | 64.52% | 150.8% | 70.18% | 43.21% | -2.85% | 0.02% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 26.73M▲ 0% | 19.06M▼ 28.7% | -74.48M▼ 490.8% | 107.84M▲ 244.8% | 47.67M▼ 55.8% | -3.17M▼ 106.6% | 5.22M▲ 0% |
| Net Margin % | 109.34% | 64.52% | 150.8% | 70.18% | 43.21% | -2.85% | 0.02% |
| Net Income Growth % | - | -28.71% | -490.78% | 244.78% | -55.8% | -106.65% | -68.17% |
| Net Income (Continuing) | 26.73M | 19.06M | -74.48M | 107.84M | 47.67M | -3.17M | 5.22M |
| EPS (Diluted) | 0.83▲ 0% | 0.59▼ 28.9% | -3.22▼ 645.8% | 3.31▲ 202.8% | 1.46▼ 55.9% | -0.10▼ 106.8% | 0.17▲ 0% |
| EPS Growth % | - | -28.92% | -645.76% | 202.8% | -55.89% | -106.75% | -87.07% |
| EPS (Basic) | 0.83 | 0.59 | -2.32 | 3.31 | 1.46 | -0.10 | - |
| Diluted Shares Outstanding | 32.12M | 32.12M | 32.12M | 32.55M | 32.6M | 32.13M | 31.19M |
PSBD Balance Sheet
Palmer Square Capital BDC Inc. (PSBD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 682.58K | 1.09M | 1.65M | 2.12M | 2.77M | 3.22M | 1.51B |
| Cash & Due from Banks | 682.58K | 1.09M | 1.65M | 2.12M | 2.77M | 3.22M | 1.49B |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments Growth % | - | - | - | - | - | - | 0% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivables | 13.65M | 21.74M | 37.99M | 10.86M | 21.11M | 0 | 8.5B |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 653.16M | 1.19B | 1.02B | 1.11B | 1.41B | 1.22B | 0 |
| Total Current Assets | 14.33M | 23.03M | 40.24M | 13M | 23.88M | 3.22M | 9.98B |
| Total Non-Current Assets | 653.16M | 1.19B | 1.02B | 1.11B | 1.41B | 1.22B | 0 |
| Total Assets | 667.49M▲ 0% | 1.22B▲ 82.4% | 1.06B▼ 13.1% | 1.12B▲ 6.1% | 1.43B▲ 27.6% | 1.22B▼ 14.8% | 1.17T▲ 0% |
| Asset Growth % | - | 82.37% | -13.13% | 6.09% | 27.57% | -14.79% | 85426.18% |
| Return on Assets (ROA) | 4.01% | 2.02% | -6.55% | 9.9% | 3.73% | -0.24% | 0% |
| Accounts Payable | 19.45M | 110.15M | 49.69M | 14.71M | 83.11M | 33.81M | 0 |
| Total Debt | 393.15M | 649.91M | 641.31M | 641.83M | 804.16M | 716.51M | 0 |
| Net Debt | 392.47M | 648.82M | 639.66M | 639.71M | 801.39M | 713.3M | -1.49B |
| Long-Term Debt | 393.15M | 649.91M | 641.31M | 641.83M | 804.16M | 716.51M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.75M | 4.42M | 3.01M | 3.32M | 5.93M | 933.62K | 752.34B |
| Total Current Liabilities | 19.45M | 110.15M | 49.69M | 14.71M | 83.11M | 37.8M | 0 |
| Total Non-Current Liabilities | 394.9M | 654.33M | 644.32M | 645.15M | 810.09M | 717.45M | 752.34B |
| Total Liabilities | 414.35M | 764.49M | 694.01M | 659.86M | 893.2M | 755.25M | 752.34B |
| Total Equity | 253.14M▲ 0% | 452.8M▲ 78.9% | 363.44M▼ 19.7% | 461.96M▲ 27.1% | 537.84M▲ 16.4% | 464.12M▼ 13.7% | 413.78B▲ 0% |
| Equity Growth % | - | 78.87% | -19.73% | 27.11% | 16.43% | -13.71% | 80089.27% |
| Equity / Assets (Capital Ratio) | 37.92% | 37.2% | 34.37% | 41.18% | 37.58% | 38.06% | 35.48% |
| Return on Equity (ROE) | 10.56% | 5.4% | -18.25% | 26.13% | 9.54% | -0.63% | 0.01% |
| Book Value per Share | 7.88 | 14.10 | 11.32 | 14.19 | 16.50 | 14.44 | 13267.37 |
| Tangible BV per Share | 7.88 | 14.10 | 11.32 | 14.19 | 16.50 | 14.44 | 13267.37 |
| Common Stock | 12.56K | 22.57K | 24.29K | 27.1K | 32.6K | 31.26K | 31.12M |
| Additional Paid-in Capital | 238.2M | 444.74M | 473.92M | 520.66M | 611.12M | 593.64M | 0 |
| Retained Earnings | 14.93M | 8.04M | -110.5M | -58.73M | -73.31M | -129.55M | -178.3B |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PSBD Cash Flow Statement
Palmer Square Capital BDC Inc. (PSBD) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 16.19M | -438.01M | -39.25M | 57.12M | 106.73M | 160.66M | 160.66M |
| Operating CF Growth % | - | -2804.95% | 91.04% | 245.53% | 86.86% | 50.53% | 62473.35% |
| Net Income | 26.73M | 19.06M | -74.48M | 107.84M | 47.67M | -3.17M | 5.22M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 884.14M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -14.19M | -540.19M | 114.83M | -50.69M | 13.96M | 205.22M | 28.26B |
| Working Capital Changes | 3.65M | 83.12M | -79.6M | -24.9K | 45.1M | -41.4M | -67.79M |
| Cash from Investing | -586.26M | -519.55M | 35.4M | -26.65M | -305.05M | 0 | 4.31B |
| Purchase of Investments | -854.52M | -926.35M | -278.95M | -273.73M | -773.81M | 0 | -235.79B |
| Sale/Maturity of Investments | 268.26M | 406.8M | 314.36M | 247.08M | 468.76M | 0 | 228.38B |
| Net Investment Activity | -586.26M | -519.55M | 35.4M | -26.65M | -305.05M | 0 | -7.41B |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 11.72B |
| Cash from Financing | 570.75M | 438.42M | 4.4M | -30M | 198.97M | -160.21M | -30.91B |
| Dividends Paid | -3.37M | -6.29M | -18.83M | -33.92M | -46.59M | -55.28M | -231.95M |
| Share Repurchases | 0 | 0 | 0 | 0 | -1.26M | -18M | -1.61B |
| Stock Issued | 233.67M | 188.86M | 5.02M | 17.65M | 91.73M | 514.65K | 0 |
| Net Stock Activity | 233.67M | 188.86M | 5.02M | 17.65M | 90.46M | -17.48M | -1.61B |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -3M |
| Other Financing | 0 | -780.62K | 0 | 0 | 0 | -1.25M | -30.59B |
| Net Change in Cash | 681.08K▲ 0% | 410.92K▼ 39.7% | 557.3K▲ 35.6% | 466.31K▼ 16.3% | 649.3K▲ 39.2% | 451.04K▼ 30.5% | -1.73B▲ 0% |
| Exchange Rate Effect | 0 | 519.55M | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 1.5K | 682.58K | 1.09M | 1.65M | 2.12M | 2.77M | 3.22B |
| Cash at End | 682.58K | 1.09M | 1.65M | 2.12M | 2.77M | 3.22M | 1.49B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 16.19M▲ 0% | -438.01M▼ 2804.9% | -39.25M▲ 91.0% | 57.12M▲ 245.5% | 106.73M▲ 86.9% | 160.66M▲ 50.5% | 29.08B▲ 0% |
| FCF Growth % | - | -2804.95% | 91.04% | 245.53% | 86.86% | 50.53% | 25456.46% |
PSBD Banking Ratios
Palmer Square Capital BDC Inc. (PSBD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 5.4% | -18.25% | 26.13% | 9.54% | -0.63% | 0.01% |
| Return on Assets (ROA) | 2.02% | -6.55% | 9.9% | 3.73% | -0.24% | 0% |
| Net Interest Margin | 2.49% | 4.75% | 5.64% | 5.63% | 5593.7% | 0% |
| Efficiency Ratio | 6.31% | -3.32% | 0.88% | 4.21% | 42.96% | 4.01% |
| Equity / Assets | 37.2% | 34.37% | 41.18% | 37.58% | 38.06% | 35.48% |
| Book Value / Share | 14.1 | 11.32 | 14.19 | 16.5 | 14.44 | 13.27K |
| NII Growth | - | 65.96% | 25.87% | 27.46% | 84498.3% | 9.03% |
| Dividend Payout | 32.99% | - | 31.45% | - | - | 759.26% |
PSBD SEC Filings & Documents
Palmer Square Capital BDC Inc. (PSBD) SEC filings — annual & quarterly reports (10-K, 10-Q)
PSBD Frequently Asked Questions
Palmer Square Capital BDC Inc. (PSBD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Palmer Square Capital BDC Inc. (PSBD) grew revenue by 0.8% over the past year. Growth has been modest.
Yes, Palmer Square Capital BDC Inc. (PSBD) is profitable, generating $5.2M in net income for fiscal year 2025 (-2.9% net margin).
Dividend & Returns
Yes, Palmer Square Capital BDC Inc. (PSBD) pays a dividend with a yield of 16.00%. This makes it attractive for income-focused investors.
Palmer Square Capital BDC Inc. (PSBD) has a return on equity (ROE) of -0.6%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Palmer Square Capital BDC Inc. (PSBD) has a net interest margin (NIM) of 5593.7%. This indicates healthy earnings from lending activities.
Palmer Square Capital BDC Inc. (PSBD) has an efficiency ratio of 43.0%. This is excellent, indicating strong cost control.
Explore More PSBD
Palmer Square Capital BDC Inc. (PSBD) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates