Oxford Square Capital Corp (OXSQ) is a leading business development company that specializes in offering tailored financing solutions to private middle-market enterprises across diverse sectors. The firm primarily invests in debt securities to deliver stable income, supplemented by strategic equity investments aimed at fostering portfolio expansion. With a disciplined investment approach anchored in extensive industry expertise, Oxford Square is committed to uncovering high-quality investment opportunities that ensure portfolio diversification and the enhancement of sustainable shareholder value, all while effectively navigating the complexities of the financial landscape.
| Revenue (TTM) | $39.12M |
| Gross Profit (TTM) | $39.12M |
| EBITDA | — |
| Operating Margin | 77.60% |
| Return on Equity | -26.60% |
| Return on Assets | 6.88% |
| Revenue/Share (TTM) | $0.48 |
| Book Value | $1.32 |
| Price-to-Book | 1.07 |
| Price-to-Sales (TTM) | 3.46 |
| EV/Revenue | 166.84 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | -30.90% |
| Quarterly Revenue Growth (YoY) | -12.00% |
| Shares Outstanding | $93.53M |
| Float | $46.44M |
| % Insiders | 7.30% |
| % Institutions | 3.48% |
Volatility is currently contracting
In the article I list all monthly-paying BDCs. This list is then reduced to a handful of BDCs. These remaining BDCs, in my view, are the one with the strongest prospect to generate durable income without permanent NAV decay.
Oxford Square Capital is rated sell due to persistent NAV erosion, declining earnings, and an unsustainably high dividend yield. OXSQ trades at a 34.85% premium to NAV, driven by a 23.6% yield that exceeds net investment income and accelerates NAV decline. Rising debt, shrinking portfolio yield, and heavy software/CLO equity exposure amplify OXSQ's risk profile amid high-interest rates and market uncertainty.
Oxford Square Capital (NASDAQ:OXSQ) advertises a headline yield north of 21%, and the math checks out at the surface.
Oxford Square Capital Corp. (OXSQ) Q1 2026 Earnings Call Transcript
GREENWICH, Conn., April 29, 2026 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQH) (the “Company,” “we,” “us” or “our”) announced today its financial results and related information for the quarter ended March 31, 2026.
Oxford Square Capital Corp. (NASDAQ:OXSQ) advertises a yield above 22%, but the data tells a different story.
Oxford Square Capital Corp. (NASDAQ:OXSQ) carries a yield around 22%, but that number rests on two income streams, one of which is visibly cracking.
