Palmer Square Capital BDC Inc.(PSBD)Earnings, Financials & Key Ratios

PSBD•NYSE

$10.41

Price updated Jul 7, 2026

SectorFinancial Services IndustryAsset Management Sub-IndustryPrivate credit and BDC lenders

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

EBITDA$1.78B+3632.7%
Net Income-$3M-106.6%
EPS (Diluted)-0.10-106.8%
Gross Margin85.13%+79.5%
EBITDA Margin1600.09%+3603.4%
Operating Margin42.17%-2.4%
Net Margin-2.85%-106.6%
ROE-0.63%-106.6%

PSBD Price & Volume

Palmer Square Capital BDC Inc. (PSBD) stock price & volume — 10-year historical chart

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Persistent Portfolio Volatility Erodes Shareholder Equity Base

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Contracting

Profitability:Negative

Financial:Strained

Cash Flow:Deteriorating

Primary Risk:Portfolio Valuation Volatility

Key Thesis Takeaways

Palmer Square Capital BDC faces significant structural headwinds as evidenced by a consistent erosion of retained earnings to -$178.3B and extreme volatility in net income.
The firm's reliance on mark-to-market valuations for its debt portfolio leaves it highly susceptible to secondary market liquidity shocks, which complicates the sustainability of its 16.1% dividend yield.
Investors should remain cautious as the firm struggles to maintain consistent operating income, with recent quarterly results showing a -$26.7M operating loss and significant margin instability.

Verdict Logic

the firm's fundamental instability is highlighted by a negative TTM P/E of -108.62 and a history of paying dividends despite periods of negative free cash flow, such as the -$30.8M FCF recorded in 2024Q3.

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-295.27%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-189.66%

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

Full history →

●Beat EPS 4/12 qtrs (40%)●Beat Revenue 3/12 qtrs (30%)

Q2 2026Latest

May 6, 2026

Metric

Actual

Est

EPS

$0.35-12.5%

$0.40

Rev

$26M-3.9%

$27M

Q1 2026

Feb 26, 2026

Metric

Actual

Est

EPS

$0.41-2.4%

$0.42

Rev

$30M-1.2%

$30M

Q4 2025

Nov 5, 2025

Metric

Actual

Est

EPS

$0.43+4.9%

$0.41

Rev

$17M-43.5%

$30M

Q3 2025

Aug 6, 2025

Metric

Actual

Est

EPS

$0.43+4.9%

$0.41

Rev

$26M-14.4%

$30M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 6, 2026	$0.35vs $0.40-12.5%	$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 →

Latest PSBD News

Recent stock market news and headlines for Palmer Square Capital BDC Inc. (PSBD)

Business Wire·Jun 24, 2026

Palmer Square Capital BDC Inc. Announces Second Quarter 2026 Supplemental Dividend of $0.03

MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) (“Palmer Square” or the “Company”), an externally managed business development company, today announced that its Board of Directors has declared a second quarter 2026 supplemental dividend of $0.03 per share. Shareholders of record as of June 26, 2026, will receive the supplemental dividend, payable on July 13, 2026. The supplemental dividend will be paid out of the excess of the Company's quarterly undistributed.

Peers Comparison

Key metrics vs top competitors for Palmer Square Capital BDC Inc. (PSBD)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
PSBDPalmer Square Capital BDC Inc.Current	$10.41	$323.97M	-105.58	0.79%	-2.85%	-0.63%	16.53%
ARCCAres Capital Corporation	$18.47	$13.26B	9.93	32.87%	43.69%	8.11%	—
FSCOFS Credit Opportunities Corp.	$4.90	$991.12M	6.45	-18.64%	—	—	—
GBDCGolub Capital BDC, Inc.	$12.75	$3.32B	8.98	42.5%	26.91%	5.24%	—
TPVGTriplePoint Venture Growth BDC Corp.	$4.75	$192.85M	3.89	36.55%	-19.55%	-3.39%	—
CGBDCarlyle Secured Lending, Inc.	$10.39	$722.08M	10.29	17.9%	23.81%	4.42%	—

Compare PSBD vs Peers

Palmer Square Capital BDC Inc. (PSBD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for PSBD.

Scale Benchmark

vs BX

Larger-name benchmark to compare PSBD against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARCC, FSCO, GBDC, TPVG

PSBD SEC Filings & Documents

Palmer Square Capital BDC Inc. (PSBD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 7, 2026·SEC

Material company update

Apr 14, 2026·SEC

Material company update

Mar 19, 2026·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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PSBD Frequently Asked Questions

Palmer Square Capital BDC Inc. (PSBD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Palmer Square Capital BDC Inc.'s revenue?

Palmer Square Capital BDC Inc. (PSBD) reported $61.0M in revenue for fiscal year 2025.

How fast is Palmer Square Capital BDC Inc. growing?

Palmer Square Capital BDC Inc. (PSBD) grew revenue by 0.8% over the past year. Growth has been modest.

Is PSBD profitable?

Palmer Square Capital BDC Inc. (PSBD) reported a net loss of $32.0M for fiscal year 2025.

Dividend & Returns

Does PSBD pay dividends?

Yes, Palmer Square Capital BDC Inc. (PSBD) pays a dividend with a yield of 16.53%. This makes it attractive for income-focused investors.

What is PSBD's return on equity?

Palmer Square Capital BDC Inc. (PSBD) has a return on equity (ROE) of -0.6%. Negative ROE indicates the company is unprofitable.

What is Palmer Square Capital BDC Inc.'s free cash flow?

Palmer Square Capital BDC Inc. (PSBD) generated $55.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in PSBD back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 6, 2026

$0.35vs $0.40-12.5%

$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%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

PSBDPalmer Square Capital BDC Inc.Current

$10.41

$323.97M

-105.58

0.79%

-2.85%

-0.63%

16.53%

ARCCAres Capital Corporation

$18.47

$13.26B

9.93

32.87%

43.69%

8.11%

—

FSCOFS Credit Opportunities Corp.

$4.90

$991.12M

6.45

-18.64%

—

GBDCGolub Capital BDC, Inc.

$12.75

$3.32B

8.98

42.5%

26.91%

5.24%

—

TPVGTriplePoint Venture Growth BDC Corp.

$4.75

$192.85M

3.89

36.55%

-19.55%

-3.39%

—

CGBDCarlyle Secured Lending, Inc.

$10.39

$722.08M

10.29

17.9%

23.81%

4.42%

—