Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) Revenue History
Annual and quarterly revenue from 2015 to present
CGBDL Revenue Over Time (2015–2025)
CGBDL Revenue Growth History
7 of 10 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +44.0%
- FY2017 revenue growth
- +51.3%
- FY2018 revenue growth
- +34.5%
- FY2019 revenue growth
- -11.3%
- FY2020 revenue growth
- -32.4%
- FY2021 revenue growth
- +53.9%
- FY2022 revenue growth
- +9.4%
- FY2023 revenue growth
- +5.8%
- FY2024 revenue growth
- -11.8%
- FY2025 revenue growth
- +31.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $66.9M | — |
| Q3 2025 | $66.5M | — |
| Q2 2025 | $64.5M | — |
| Q1 2025 | $36.1M | — |
| Q4 2024 | $44.5M | — |
| Q3 2024 | $44.5M | — |
| Q2 2024 | $62.5M | — |
| Q1 2024 | $42.8M | — |
Multi-year avg. share of annual revenue by fiscal quarter
CGBDL Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 30, 2026, Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) generated trailing twelve-month (TTM) revenue of $234.0 million, reflecting explosive growth of +50.4% year-over-year. The most recent quarter (Q4 2025) recorded $66.9 million in revenue, up 0.6% sequentially.
Historical Growth Trajectory
CGBDL's 5-year compound annual growth rate (CAGR) stands at +15.6%, indicating consistent double-digit revenue growth. The 3-year CAGR of +7.1% is below the 5-year average, signalling a growth deceleration in recent years. Carlyle Secured Lending, Inc. 8.20% Notes due 2028's highest annual revenue of $255.6 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Financial Services sector peers — including ARCC, FSCO, and GBDC. Compare CGBDL vs ARCC →
CGBDL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CGBDLCurrent | $234M | +50.4% | +15.6% | - | |
 ARCC | $3.1B | - | - | 69.7% | |
 FSCO | $206M | - | - | 74.5% | |
 GBDC | $871M | - | - | 78.9% | |
 CGBD | $198M | - | - | 86.2% | |
 TPVG | $97M | - | - | 77.9% |
CGBDL Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $255.6M | - | $0 | - | $0 | - |
| 2024 | $194.3M | - | $144.1M | 74.2% | $158.2M | 81.4% |
| 2023 | $220.4M | - | $168.0M | 76.2% | $170.0M | 77.1% |
| 2022 | $208.2M | - | $156.4M | 75.1% | $125.2M | 60.1% |
| 2021 | $190.3M | - | $142.9M | 75.1% | $190.1M | 99.9% |
| 2020 | $123.6M | - | $75.8M | 61.3% | $50.8M | 41.1% |
| 2019 | $182.9M | - | $128.2M | 70.1% | $117.3M | 64.1% |
| 2018 | $206.2M | - | $152.8M | 74.1% | $79.4M | 38.5% |
| 2017 | $153.3M | - | $112.2M | 73.2% | $111.0M | 72.4% |
| 2016 | $101.3M | - | $73.4M | 72.4% | $88.8M | 87.7% |
| 2015 | $70.4M | - | $52.0M | 73.9% | $30.2M | 42.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
CGBDL — Frequently Asked Questions
Quick answers to the most common questions about buying CGBDL stock.
Is CGBDL's revenue growth accelerating or slowing?
CGBDL revenue growth is accelerating. TTM revenue reached $234M, up +50.4% year-over-year — ahead of the 5-year CAGR of +15.6%. This indicates the business is expanding faster than its historical baseline.
What is CGBDL's revenue history from 2015 to 2026?
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $234M, growing at +50.4% YoY. The 5-year CAGR is +15.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CGBDL's long-term revenue growth rate (CAGR)?
Carlyle Secured Lending, Inc. 8.20% Notes due 2028's 5-year revenue CAGR of +15.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +50.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CGBDL.
Why does CGBDL's quarterly revenue fluctuate?
CGBDL 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. 8.20% Notes due 2028's revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is CGBDL's revenue distributed by segment?
CGBDL 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 CGBDL's revenue compare to industry peers?
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) with TTM revenue of $234M and +50.4% 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.