Pearl Diver Credit Company Inc. (PDCC) Income Statement
PDCC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPDCC revenue and net income
Where PDCC's revenue goes
2025Each bar shows an amount and its share of revenue. PDCC kept −86.8% of revenue as net income.
PDCC profit margins
PDCC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +27.4% | — | — | — |
| Gross profit | +0.8% | — | — | — |
| Operating income | −205.5% | — | — | — |
| Net income | −385.6% | — | — | — |
| EPS (diluted) | +9.4% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PDCC quarterly EPS vs estimates
Pearl Diver Credit beat the analyst EPS estimate in 1 of the last 4 quarters. Next report: November 17, 2026.
PDCC income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $22.3M | $17.5M | $2.2M |
| Cost of revenue | $4.7M | $70,694 | $0 |
| Gross profit | $17.6M | $17.4M | $2.2M |
| Sales, general & admin | $4.2M | $2.2M | — |
| Total operating expenses | $33.6M | $2.3M | — |
| Operating income | −$16.0M | $15.2M | $8.4M |
| Interest income | $318,681 | $2.5M | — |
| Interest expense | $3.3M | $70,694 | — |
| Income before taxes | −$19.3M | $6.8M | $8.4M |
| Net income | −$19.3M | $6.8M | $8.4M |
| EBITDA | −$16.0M | $15.2M | $8.4M |
| EPS (diluted) | $0.93 | $0.85 | — |
| Gross margin | 78.9% | 99.6% | 100.0% |
| Operating margin | −71.8% | 86.6% | 374.5% |
| Net margin | −86.8% | 38.7% | 373.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Jun '24 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.1M | $4.8M | $3.4M | $5.0M | $5.4M | $9.5M | $10.2M |
| Cost of revenue | $946,716 | $952,932 | $0 | $1.2M | $1.2M | $2.1M | — |
| Gross profit | $3.1M | $3.8M | $3.4M | $3.8M | $4.3M | $7.4M | — |
| Total operating expenses | −$6.2M | $25.5M | $15.7M | $7.3M | −$53,214 | — | — |
| Operating income | $9.3M | −$21.7M | — | −$3.5M | $4.3M | $6.8M | $3.9M |
| Interest expense | — | $819,943 | — | $828,914 | $831,122 | — | — |
| Income before taxes | $8.6M | −$22.5M | — | −$4.3M | $3.5M | $6.8M | $3.9M |
| Net income | $8.5M | −$22.5M | $12.4M | −$4.3M | $3.5M | $6.8M | $3.9M |
| EBITDA | $9.3M | −$21.7M | — | −$3.5M | $4.3M | $6.8M | $3.9M |
| EPS (diluted) | $0.28 | $0.39 | $0.49 | $0.44 | — | — | — |
| Gross margin | 76.7% | 80.0% | 100.0% | 75.9% | 78.8% | 77.8% | — |
| Operating margin | 228.3% | −455.6% | — | −70.3% | 79.8% | 71.9% | 38.6% |
| Net margin | 209.0% | −472.8% | 364.7% | −86.9% | 64.5% | 71.3% | 38.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PDCC's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PDCC financial results
In fiscal year 2025 (ended December 31, 2025), Pearl Diver Credit reported revenue of $22.3 million, up 27.4% from the year before. It had a net loss of $19.3 million, a net profit margin of −86.8%. Diluted earnings per share came to $0.93.
See the PDCC stock overview for the latest quote and news, or the PDCC chart for price history and technical indicators.
PDCC income statement FAQ
What is Pearl Diver Credit's annual revenue?
Pearl Diver Credit reported total revenue of $22.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 27.4% from $17.5 million the previous year.
Is Pearl Diver Credit profitable?
No. Pearl Diver Credit reported a net loss of $19.3 million in fiscal 2025, a net profit margin of −86.8%; its operating margin was −71.8%.
What is Pearl Diver Credit's gross margin?
Pearl Diver Credit's gross margin was 78.9% in fiscal 2025: for every $100 of revenue, Pearl Diver Credit kept $79 after the direct cost of its products and services.
What are Pearl Diver Credit's earnings per share?
Pearl Diver Credit earned $0.93 per diluted share in fiscal 2025, compared with $0.85 a year earlier.
When will Pearl Diver Credit report its next earnings?
Pearl Diver Credit is expected to report results for the quarter ending September 30, 2026 on November 17, 2026.
When does Pearl Diver Credit's fiscal year end?
Pearl Diver Credit's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.