Investcorp Credit Management BDC
Finances U.S. middle-market borrowers through negotiated private-credit investments.
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Profile
Supplies senior secured loans and related equity capital to privately held U.S. middle-market companies, earning mainly contractual interest and fees. The Nasdaq-listed BDC is externally managed by CM Investment Partners, which supplies its underwriting, portfolio management and administration.
Provides negotiated debt and related equity capital to privately held U.S. middle-market companies, emphasizing established borrowers with operating cash flow. Its menu includes first- and second-lien loans, unitranche and mezzanine loans, selectively paired with warrants or other equity positions; borrowers use the financing for acquisitions, growth, expansion, refinancing and recapitalization.
Investment income is chiefly contractual loan interest, with fees, dividends and changes in debt and equity values providing other sources. CM Investment Partners sources, structures and monitors investments while also administering the BDC, leaving the listed company without direct employees. The portfolio is U.S.-based, while BDC asset-coverage requirements, RIC tax rules, adviser personnel, borrowed funding and unquoted investment valuations shape the operating model.
Company facts
Categories
Key statistics
Year to date −68.8% · Average volume (30d) 34.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026 | $0.04 | −$0.03 | −175.0% | $4.7M | $3.1M | −33.3% | −1.31% |
| May 12, 2026Q3 FY26 | $0.04 | $0.01 | −75.0% | $4.6M | — | — | −5.26% |
| Mar 30, 2026Q2 FY26 | $0.04 | $0.01 | −75.0% | $4.7M | −$6.3M | −234.1% | −15.62% |
| Nov 12, 2025Q1 FY26 | $0.05 | $0.03 | −40.0% | $4.4M | $3.9M | −11.8% | +4.98% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q4 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.1M | $2.8M | $1.7M | −$6.3M | $14.0M | −$6.1M | |
| Gross profit | $3.3M | $899.8K | −$319.2K | −$8.2M | $12.0M | −$7.8M | |
| Operating income | $2.3M | −$204.4K | −$1.2M | −$9.3M | $10.6M | −$8.5M | |
| Net income | $2.2M | −$434.3K | −$1.3M | −$9.4M | $10.4M | −$8.6M | |
| Diluted EPS | $0.15 | −$0.03 | −$0.09 | −$0.65 | $0.61 | −$0.60 | |
| Gross margin | 63.9% | 32.4% | -18.5% | — | 85.6% | — | |
| Operating margin | 44.6% | -7.4% | -69.4% | — | 75.6% | — |
Fiscal years (4-quarter sums)FY22 $24.4M · FY23 $26.7M · FY24 $17.2M · FY25 $20.2M · FY26 $3.3M
Balance sheet, Mar 31, 2026Cash & short-term investments $2.7M · Total debt $108.1M · Total assets $164.6M · Shareholders' equity $52.7M
Dividends
Last cut to $0.12 from $0.15 in Oct 2024.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Dec 1, 2025 | Dec 1 | Dec 12 | $0.14 | special dividend |
| Sep 18, 2025 | Sep 18 | Oct 9 | $0.14 | special dividend |
| May 23, 2025 | May 24 | Jun 14 | $0.12 | |
| Apr 25, 2025 | Apr 25 | May 16 | $0.12 | |
| Dec 20, 2024 | Dec 20 | Jan 8 | $0.12 | |
| Oct 16, 2024 | Oct 16 | Nov 6 | $0.12 | cut from $0.15 |
| May 23, 2024 | May 26 | Jun 14 | $0.15 | special dividend |
| Mar 14, 2024 | Mar 15 | Apr 5 | $0.15 | special dividend |
Ownership
Shares outstanding 14.43M · Float 12.06M · 83.6% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bulldog Investors, LLP | 596.8K | 4.13% | 13F | May 8, 2026 |
| Founders Financial Alliance, LLC | 295.8K | 2.05% | 13F | May 11, 2026 |
| North Ground Capital | 25.4K | 0.18% | 13F | May 11, 2026 |
| LPL Financial LLC | 22.9K | 0.16% | 13F | May 6, 2026 |
| Two Sigma Securities, LLC | 20.6K | 0.14% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Ares Capital
Scaled direct lender in senior secured middle-market credit.
- Golub Capital BDC
Sponsor-backed first-lien lender in the core middle market.
- Blue Owl Capital
Scaled direct lender across first-lien, unitranche and second-lien loans.
- FS KKR Capital
Large upper-middle-market lender in senior secured and asset-based credit.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Investcorp Credit Management BDC | $0.8400 | −0.01% | $12.2M | — | 6.0 | 3.7 | −53.6% |
| Ares Capital | $19.97 | +0.15% | $14.32B | 14.8 | 10.3 | 6.2 | +32.6% |
| Golub Capital BDC | $13.03 | +0.04% | $3.39B | 23.7 | 10.1 | 4.7 | −14.2% |
| Blue Owl Capital | $11.37 | +0.64% | $5.61B | 20.2 | 8.8 | 4.0 | −20.8% |
| FS KKR Capital | $12.22 | −0.41% | $3.43B | — | 7.8 | 3.6 | +11.5% |
| Median | 20.2 | 9.5 | 4.4 | −1.3% |