Carlyle Secured Lending, Inc. (CGBD) Revenue History
Annual and quarterly revenue from 2013 to present
CGBD Revenue Over Time (2013–2025)
CGBD Revenue Growth History
8 of 12 years with positive growth- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- +276.3%
- FY2015 revenue growth
- +111.9%
- FY2016 revenue growth
- +191.4%
- FY2017 revenue growth
- +26.2%
- FY2018 revenue growth
- -22.7%
- FY2019 revenue growth
- +41.1%
- FY2020 revenue growth
- -56.2%
- FY2021 revenue growth
- +275.4%
- FY2022 revenue growth
- -30.2%
- FY2023 revenue growth
- +24.6%
- FY2024 revenue growth
- -2.9%
- FY2025 revenue growth
- +17.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $54.6M | — |
| Q4 2025 | $74.6M | — |
| Q3 2025 | $48.8M | — |
| Q2 2025 | $39.1M | — |
| Q1 2025 | $35.3M | — |
| Q4 2024 | $40.8M | — |
| Q3 2024 | $39.0M | — |
| Q2 2024 | $37.9M | — |
Multi-year avg. share of annual revenue by fiscal quarter
CGBD Revenue Analysis (2013–2025)
Current Revenue & Growth
As of June 23, 2026, Carlyle Secured Lending, Inc. (CGBD) generated trailing twelve-month (TTM) revenue of $217.1 million, reflecting explosive growth of +54.8% year-over-year. The most recent quarter (Q1 2026) recorded $54.6 million in revenue, down 26.8% sequentially.
Historical Growth Trajectory
CGBD's 5-year compound annual growth rate (CAGR) stands at +30.2%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +12.6% is below the 5-year average, signalling a growth deceleration in recent years. Carlyle Secured Lending, Inc.'s highest annual revenue of $198.7 million was recorded in 2021.
Peer Comparison
Compared to Financial Services sector peers — including ARCC, GBDC, and TPVG. Compare CGBD vs ARCC →
CGBD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CGBDCurrent | $217M | +54.8% | +30.2% | 86.2% | |
 ARCC | $3.1B | - | - | 69.7% | |
 GBDC | $871M | - | - | 78.9% | |
 TPVG | $97M | - | - | 77.9% | |
 MFIC | $274M | - | - | 71.6% | |
 OCSL | $300M | - | - | 50.4% |
CGBD Historical Revenue Data (2013–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $197.8M | - | $140.2M | 70.9% | $170.5M | 86.2% |
| 2024 | $167.8M | - | $99.3M | 59.2% | $91.7M | 54.7% |
| 2023 | $172.8M | - | $101.1M | 58.5% | $94.7M | 54.8% |
| 2022 | $138.6M | - | $94.7M | 68.3% | $87.5M | 63.1% |
| 2021 | $198.7M | - | $168.0M | 84.5% | $161.1M | 81.1% |
| 2020 | $52.9M | - | $17.1M | 32.3% | $7.4M | 14.0% |
| 2019 | $120.8M | - | $70.2M | 58.1% | $61.7M | 51.1% |
| 2018 | $85.6M | - | $47.8M | 55.8% | $39.3M | 46.0% |
| 2017 | $110.7M | - | $86.2M | 77.9% | $84.5M | 76.3% |
| 2016 | $87.7M | - | $71.3M | 81.2% | $69.9M | 79.7% |
| 2015 | $30.1M | - | $20.5M | 68.2% | $18.7M | 62.0% |
| 2014 | $14.2M | - | $10.6M | 74.3% | $5.6M | 39.5% |
| 2013 | $3.8M | - | $3.4M | 90.6% | $-1,927,000 | -51.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
CGBD — Frequently Asked Questions
Quick answers to the most common questions about buying CGBD stock.
Is CGBD's revenue growth accelerating or slowing?
CGBD revenue growth is accelerating. TTM revenue reached $217M, up +54.8% year-over-year — ahead of the 5-year CAGR of +30.2%. This indicates the business is expanding faster than its historical baseline.
What is CGBD's revenue history from 2013 to 2026?
Carlyle Secured Lending, Inc. (CGBD) revenue history spans 2013 to 2026. TTM revenue as of 2026 is $217M, growing at +54.8% YoY. The 5-year CAGR is +30.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CGBD's long-term revenue growth rate (CAGR)?
Carlyle Secured Lending, Inc.'s 5-year revenue CAGR of +30.2% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +54.8% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CGBD.
Why does CGBD's quarterly revenue fluctuate?
CGBD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Carlyle Secured Lending, Inc.'s revenue data from 2013 to 2026 shows full historical quarterly detail on this page.
How is CGBD's revenue distributed by segment?
CGBD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CGBD's revenue compare to industry peers?
Carlyle Secured Lending, Inc. (CGBD) with TTM revenue of $217M and +54.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.