Financial Services · Asset Management
Price
$1.34
Market Cap
$124.9M
Employees
0
Beta
0.39
Avg Volume
2,059,977
CEO
Jonathan H. Cohen
Business Description
Oxford Square Capital Corp. functions as a business development company (BDC) and a non-diversified, closed-end investment management entity, specializing in private equity and mezzanine financing. The firm's investment scope includes both publicly traded and private companies. It allocates capital across a variety of financial instruments, such as secured and unsecured senior debt, various types of subordinated debt, preferred and common stock, and syndicated bank loans. Oxford Square Capital Corp. primarily directs its investments towards technology-focused enterprises. These include companies operating in sectors like computer software, internet services, IT infrastructure and support, media, telecommunications and related equipment, semiconductors, hardware, technology-enabled services, semiconductor capital equipment, medical device technology, diversified technology, and networking systems. The company concentrates on businesses with annual revenues under $200 million and a market capitalization or enterprise value of less than $300 million. Individual investments typically fall between $5 million and $30 million, with a strategic goal to exit these positions within seven years. Furthermore, Oxford Square Capital Corp. serves as the investment adviser for TICC. Originally founded in 2003 as TICC Capital Corp., the firm later adopted the name Oxford Square Capital Corp. and is headquartered in Greenwich, Connecticut.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-5.34
Stock Price: $1.34
EPS (Diluted): -0.25
EPS (Diluted): -0.25
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.93
Stock Price: $1.34
Total Equity: $145.40M
Shares: 76,432,486
Total Equity: $145.40M
Shares: 76,432,486
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-12.82
Market Cap: $124.86M
Total Debt: $157.58M
Cash: $51.93M
EBITDA: -$18.73M
Total Debt: $157.58M
Cash: $51.93M
EBITDA: -$18.73M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$240.2M
Market Cap: $124.86M
Total Debt: $157.58M
Cash: $51.93M
Total Debt: $157.58M
Cash: $51.93M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
284.7%
Gross Profit: -$14.25M
Revenue: -$5.00M
Revenue: -$5.00M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
374.3%
Operating Income: -$18.73M
Revenue: -$5.00M
Revenue: -$5.00M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
374.3%
Net Income: -$18.73M
Revenue: -$5.00M
Revenue: -$5.00M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-12.9%
Net Income: -$18.73M
Total Equity: $145.40M
Total Equity: $145.40M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-7.5%
Operating Income: -$18.73M
Tax Rate: 0.0%
Equity: $145.40M
Total Debt: $157.58M
Cash: $51.93M
Tax Rate: 0.0%
Equity: $145.40M
Total Debt: $157.58M
Cash: $51.93M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
9.07
Current Assets: $53.94M
Current Liabilities: $5.94M
Current Liabilities: $5.94M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.08
Short-Term Debt: $5.94M
Long-Term Debt: $151.63M
Total Debt: $157.58M
Total Equity: $145.40M
Long-Term Debt: $151.63M
Total Debt: $157.58M
Total Equity: $145.40M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$-0.07
Revenue: -$5.00M
Shares: 76,432,486
Shares: 76,432,486
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$1.90
Total Equity: $145.40M
Shares: 76,432,486
Shares: 76,432,486
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.24
Operating CF: $18.34M
CapEx: $0.00
Shares: 76,432,486
CapEx: $0.00
Shares: 76,432,486
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
23.3%
Last Dividend: N/A
Stock Price: $1.34
Stock Price: $1.34
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$18.73M
Net Income: -$18.73M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares OXSQ against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 25, 2026 6:46am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $37.2M | -$69.0M | $33.6M | $17.8M | -$5.0M |
| Cost of Revenue | $0 | $12.4M | $10.8M | $7.8M | $9.2M |
| Gross Profit | $37.2M | -$81.4M | $22.7M | $10.0M | -$14.2M |
| Operating Expenses | $10.6M | $4.2M | $5.5M | $4.1M | $4.5M |
| Operating Income | $26.6M | -$85.6M | $17.2M | $5.9M | -$18.7M |
| Net Income | $39.6M | -$85.6M | $17.2M | $5.9M | -$18.7M |
| EBITDA | $26.6M | -$85.6M | $17.2M | $5.9M | -$18.7M |
| EPS | $0.80 | $-1.72 | $0.32 | $0.09 | $-0.25 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 6:46am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $9.0M | $9.0M | $5.7M | $34.9M | $51.9M |
| Total Current Assets | $12.1M | $12.5M | $9.7M | $37.7M | $53.9M |
| Total Assets | $433.5M | $328.0M | $277.7M | $299.7M | $306.7M |
| Current Liabilities | $1.2M | $1.2M | $1.2M | $13.2M | $5.9M |
| Long-Term Debt | $185.4M | $186.3M | $123.0M | $123.6M | $151.6M |
| Total Liabilities | $188.9M | $189.3M | $126.4M | $139.1M | $161.3M |
| Total Equity | $244.6M | $138.7M | $151.3M | $160.7M | $145.4M |
| Retained Earnings | -$190.4M | -$296.6M | -$307.4M | -$328.0M | -$378.5M |
Cash Flow (Annual)
Last updated: Jun 25, 2026 6:46am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $16.7M | $19.6M | $26.7M | $25.7M | $18.3M |
| Capital Expenditure | $-5 | $-1 | $4 | $-4 | $0 |
| Free Cash Flow | $16.7M | $19.6M | $26.7M | $25.7M | $18.3M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$50.1M | $3,464 | -$3.3M | $29.2M | $17.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 1:18pm (19h ago)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$42.4M $42.4M – $42.4M
|
$40.1M $40.1M – $40.1M
|
$34.3M $34.3M – $34.3M
|
$34.4M $34.4M – $34.4M
|
| EBITDA |
$30.2M $30.2M – $30.2M
|
$28.5M $28.5M – $28.5M
|
$24.4M $24.4M – $24.4M
|
$24.5M $24.5M – $24.5M
|
| Net Income |
$32.1M $32.1M – $32.1M
|
$22.9M $22.9M – $22.9M
|
$13.0M $13.0M – $13.0M
|
$16.8M $16.8M – $16.8M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 25, 2026 6:46am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -285.7% | +148.6% | -46.9% | -128.1% |
| Gross Profit Growth | -318.9% | +128.0% | -56.2% | -243.0% |
| Operating Income Growth | -421.7% | +120.1% | -65.9% | -418.6% |
| Net Income Growth | -316.1% | +120.1% | -65.9% | -418.6% |
| EBITDA Growth | -421.7% | +120.1% | -65.9% | -418.6% |
Dividend History (Last 20)
Last updated: Jun 25, 2026 6:46am (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-09-16 | $0.04 | 2026-04-27 | 2026-09-16 | 2026-09-30 |
| 2026-08-17 | $0.04 | 2026-04-27 | 2026-08-17 | 2026-08-31 |
| 2026-07-17 | $0.04 | 2026-04-27 | 2026-07-17 | 2026-07-31 |
| 2026-06-16 | $0.04 | 2026-02-26 | 2026-06-16 | 2026-06-30 |
| 2026-05-15 | $0.04 | 2026-02-26 | 2026-05-15 | 2026-05-29 |
| 2026-04-16 | $0.04 | 2026-02-26 | 2026-04-16 | 2026-04-30 |
| 2026-03-17 | $0.04 | 2025-10-30 | 2026-03-17 | 2026-03-31 |
| 2026-02-13 | $0.04 | 2025-10-30 | 2026-02-13 | 2026-02-27 |
| 2026-01-16 | $0.04 | 2025-10-30 | 2026-01-16 | 2026-01-30 |
| 2025-12-17 | $0.04 | 2025-07-30 | 2025-12-17 | 2025-12-31 |
| 2025-11-14 | $0.04 | 2025-07-30 | 2025-11-14 | 2025-11-28 |
| 2025-10-17 | $0.04 | 2025-07-30 | 2025-10-17 | 2025-10-31 |
| 2025-09-16 | $0.04 | 2025-04-22 | 2025-09-16 | 2025-09-30 |
| 2025-08-15 | $0.04 | 2025-04-22 | 2025-08-15 | 2025-08-29 |
| 2025-07-17 | $0.04 | 2025-04-22 | 2025-07-17 | 2025-07-31 |
| 2025-06-16 | $0.04 | 2025-02-27 | 2025-06-16 | 2025-06-30 |
| 2025-05-16 | $0.04 | 2025-02-27 | 2025-05-16 | 2025-05-30 |
| 2025-04-16 | $0.04 | 2025-02-27 | 2025-04-16 | 2025-04-30 |
| 2025-03-17 | $0.04 | 2024-10-31 | 2025-03-17 | 2025-03-31 |
| 2025-02-14 | $0.04 | 2024-10-31 | 2025-02-14 | 2025-02-28 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for OXSQ — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30