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Sound Point Meridian Capital Inc(SPMC)Earnings, Financials & Key Ratios
SPMC•NYSE•Banking & Credit
$10.87
$220M mkt cap·0.0× P/E·Price updated May 6, 2026
AboutSound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. The company was founded in 2022 and is based in New York, New York.Show more
- Net Interest Income$33M
- Total Revenue$65M
- Net Income$64M
- Return on Equity43.2%-99.8%
- Net Interest Margin10.88%-99.9%
- Efficiency Ratio1.23%
- ROA41.91%-99.8%
- Equity / Assets97.02%
- Book Value per Share14.48+99729.9%
- Tangible BV/Share14.48+99727.8%
SPMC Key Insights
Sound Point Meridian Capital Inc (SPMC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 10831.5%
- ✓Strong NIM of 10880.7%
- ✓Efficient operations: 1.2% efficiency ratio
- ✓Well capitalized: 97.0% equity/assets
- ✓Diversified revenue: 48.7% from non-interest income
✗Weaknesses
- ✗Weak Piotroski F-Score: 1/9
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 749.6x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SPMC Price & Volume
Sound Point Meridian Capital Inc (SPMC) stock price & volume — 10-year historical chart
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SPMC Growth Metrics
Sound Point Meridian Capital Inc (SPMC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
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5 Years-
3 Years-
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Profit CAGR
10 Years-
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EPS CAGR
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Return on Capital
10 Years10830.87%
5 Years10830.87%
3 Years10830.87%
Last Year41.91%
SPMC Recent Earnings
Sound Point Meridian Capital Inc (SPMC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/7 qtrs (60%)●Beat Revenue 2/7 qtrs (100%)
Q3 2025Latest
Aug 12, 2025EPS
$0.53
Est $0.56
-5.4%
Revenue
$38M
Est $22M
+74.1%
Q3 2025
Aug 11, 2025EPS
$0.18
Revenue
$20M
Q2 2025
May 29, 2025EPS
$0.66
Est $0.60
+10.0%
Revenue
$43M
Est $21M
+99.7%
Q1 2025
Feb 12, 2025EPS
$0.62
Est $0.51
+21.6%
Revenue
—
Est $20M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2025Latest | Aug 12, 2025 | $0.53vs $0.56-5.4% | $38Mvs $22M+74.1% |
| Q3 2025 | Aug 11, 2025 | $0.18 | $20M |
| Q2 2025 | May 29, 2025 | $0.66vs $0.60+10.0% | $43Mvs $21M+99.7% |
| Q1 2025 | Feb 12, 2025 | $0.62vs $0.51+21.6% | —vs $20M |
Based on last 7 quarters of dataView full earnings history →
SPMC Peer Comparison
Sound Point Meridian Capital Inc (SPMC) competitors in Closed-end funds and investment trusts — 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 |
|---|---|---|---|---|---|---|---|---|
 ECC | 552.12M | 4.22 | 4.91 | -14.94% | 3.08% | 0.29 | ||
 OFS | 52.39M | 3.91 | -1.58 | -124.62% | -23.38% | 1.77 | ||
 OXLC | 974M | 10.03 | 93.83 | -65.74% | 10.15% | 0.25 | ||
 EIC | 245.91M | 10.48 | 3.73 | 70.74% | 8% | 0.01 | ||
 ARCC | 13.76B | 19.16 | 10.30 | 32.87% | 8.11% | 1.12 | ||
 GBDC | 3.47B | 13.31 | 9.37 | 42.5% | 5.24% | 1.23 | ||
 CGBD | 866.09M | 11.88 | 7.52 | -2.92% | 6.2% | 1.07 | ||
 SLRC | 761.04M | 13.95 | 8.21 | 24.76% | 7.31% | 1.15 |
Compare SPMC vs Peers
Sound Point Meridian Capital Inc (SPMC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SPMC Income Statement
Sound Point Meridian Capital Inc (SPMC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'23 | Mar'25 | TTM |
|---|---|---|---|
| Net Interest Income | 32.99M | 32.99M | -6.06M |
| NII Growth % | - | 0% | 0% |
| Net Interest Margin % | 10880.69% | 10.88% | -1.12% |
| Interest Income | 33.11M | 33.11M | -6.06M |
| Interest Expense | 114.81K | 114.81K | 0 |
| Loan Loss Provision | 0 | 0 | 28.82M |
| Non-Interest Income | 31.4M | 31.4M | 121.65M |
| Non-Interest Income % | 48.68% | 48.68% | 105.24% |
| Total Revenue | 64.51M▲ 0% | 64.51M▲ 0.0% | 115.59M▲ 0% |
| Revenue Growth % | - | 0% | 0% |
| Non-Interest Expense | 792.4K | 792.4K | 35.65M |
| Efficiency Ratio | 1.23% | 1.23% | 30.84% |
| Operating Income | 63.6M▲ 0% | 63.6M▲ 0.0% | 34.75M▲ 0% |
| Operating Margin % | 98.59% | 98.59% | 30.06% |
| Operating Income Growth % | - | 0% | - |
| Pretax Income | 63.6M▲ 0% | 63.6M▲ 0.0% | 6.26M▲ 0% |
| Pretax Margin % | 98.59% | 98.59% | 5.41% |
| Income Tax | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% |
| Net Income | 63.6M▲ 0% | 63.6M▲ 0.0% | 6.26M▲ 0% |
| Net Margin % | 98.59% | 98.59% | 5.41% |
| Net Income Growth % | - | 0% | - |
| Net Income (Continuing) | 63.6M | 63.6M | 6.26M |
| EPS (Diluted) | 3140.00▲ 0% | 0.87▼ 100.0% | 0.31▲ 0% |
| EPS Growth % | - | -99.97% | - |
| EPS (Basic) | 3140.00 | 0.87 | - |
| Diluted Shares Outstanding | 20.28M | 20.32M | 20.47M |
SPMC Balance Sheet
Sound Point Meridian Capital Inc (SPMC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'23 | Mar'25 | TTM |
|---|---|---|---|
| Cash & Short Term Investments | 4.99K | 4.99M | 19.92M |
| Cash & Due from Banks | 4.99K | 4.99M | 3.71M |
| Short Term Investments | 0 | 0 | 0 |
| Total Investments | 298.12K | 0 | 535.18M |
| Investments Growth % | - | -100% | 0% |
| Long-Term Investments | 298.12K | 0 | 1.57B |
| Accounts Receivables | 53 | 96.82K | 2.05M |
| Goodwill & Intangibles | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 |
| Other Assets | 0 | 298.12M | 0 |
| Total Current Assets | 5.09K | 5.09M | 6.11M |
| Total Non-Current Assets | 298.12K | 298.12M | 535.18M |
| Total Assets | 303.21K▲ 0% | 303.21M▲ 99900.2% | 541.29M▲ 0% |
| Asset Growth % | - | 99900.2% | 0% |
| Return on Assets (ROA) | 20974.82% | 41.91% | 1.16% |
| Accounts Payable | 0 | 0 | 13.43K |
| Total Debt | 0 | 0 | 77.5M |
| Net Debt | -4.99K | -4.99M | 73.79M |
| Long-Term Debt | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 77.5M |
| Other Liabilities | 0 | 9.05M | 117.57M |
| Total Current Liabilities | 9.05K | 0 | 77.5M |
| Total Non-Current Liabilities | 0 | 9.05M | 117.57M |
| Total Liabilities | 9.05K | 9.05M | 195.07M |
| Total Equity | 294.17K▲ 0% | 294.17M▲ 99900.0% | 346.22M▲ 0% |
| Equity Growth % | - | 99900.02% | 0% |
| Equity / Assets (Capital Ratio) | 97.02% | 97.02% | 63.96% |
| Return on Equity (ROE) | 21619.83% | 43.2% | 1.81% |
| Book Value per Share | 0.01 | 14.48 | 16.91 |
| Tangible BV per Share | 0.01 | 14.48 | 16.91 |
| Common Stock | 294.17K | 0 | 20.47K |
| Additional Paid-in Capital | 0 | 0 | 394.95M |
| Retained Earnings | 0 | 0 | -48.75M |
| Accumulated OCI | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 |
SPMC Cash Flow Statement
Sound Point Meridian Capital Inc (SPMC) cash flow — operating, investing & free cash flow history
| Line item | Dec'23 | Mar'25 | TTM |
|---|---|---|---|
| Cash from Operations | -106.38M | -106.38M | -106.38M |
| Operating CF Growth % | - | 0% | 0% |
| Net Income | 63.6M | 63.6M | 6.26M |
| Depreciation & Amortization | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 |
| Other Non-Cash Items | -167.57M | -167.57M | -12.89B |
| Working Capital Changes | -2.4M | -2.4M | -312.69M |
| Cash from Investing | 0 | 0 | -293.26M |
| Purchase of Investments | 0 | 0 | -374.62M |
| Sale/Maturity of Investments | 0 | 0 | 3M |
| Net Investment Activity | 0 | 0 | -371.62M |
| Acquisitions | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 |
| Cash from Financing | 85.46M | 85.46M | 17.92B |
| Dividends Paid | -42 | 0 | -28.86B |
| Share Repurchases | -42.04K | -42.04K | 0 |
| Stock Issued | 85.5M | 85.5M | 198.61M |
| Net Stock Activity | 85.46M | 85.46M | 198.61M |
| Debt Issuance (Net) | 0 | 0 | 3M |
| Other Financing | 42 | 0 | 46.5B |
| Net Change in Cash | -20.92M▲ 0% | -20.92M▲ 0.0% | 1.16M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 |
| Cash at Beginning | 25.91M | 25.91M | 9.94M |
| Cash at End | 4.99M | 4.99M | 3.71M |
| Interest Paid | 0 | 0 | 6.02B |
| Income Taxes Paid | 0 | 0 | 0 |
| Free Cash Flow | -106.38M▲ 0% | -106.38M▲ 0.0% | -20.74B▲ 0% |
| FCF Growth % | - | 0% | - |
SPMC Banking Ratios
Sound Point Meridian Capital Inc (SPMC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2024 | TTM |
|---|---|---|
| Return on Equity (ROE) | 43.2% | 1.81% |
| Return on Assets (ROA) | 41.91% | 1.16% |
| Net Interest Margin | 10.88% | -1.12% |
| Efficiency Ratio | 1.23% | 30.84% |
| Equity / Assets | 97.02% | 63.96% |
| Book Value / Share | 14.48 | 16.91 |
| NII Growth | 0% | - |
| Dividend Payout | - | 460754.68% |
SPMC SEC Filings & Documents
Sound Point Meridian Capital Inc (SPMC) SEC filings — annual & quarterly reports (10-K, 10-Q)
SPMC Frequently Asked Questions
Sound Point Meridian Capital Inc (SPMC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Sound Point Meridian Capital Inc (SPMC) grew revenue by 0.0% over the past year. Growth has been modest.
Yes, Sound Point Meridian Capital Inc (SPMC) is profitable, generating $6.3M in net income for fiscal year 2024 (98.6% net margin).
Dividend & Returns
Sound Point Meridian Capital Inc (SPMC) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
Sound Point Meridian Capital Inc (SPMC) has a return on equity (ROE) of 21619.8%. This is excellent, indicating efficient use of shareholder capital.
Industry Metrics
Sound Point Meridian Capital Inc (SPMC) has a net interest margin (NIM) of 10880.7%. This indicates healthy earnings from lending activities.
Sound Point Meridian Capital Inc (SPMC) has an efficiency ratio of 1.2%. This is excellent, indicating strong cost control.
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Sound Point Meridian Capital Inc (SPMC) financial analysis — history, returns, DCA and operating performance tools
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