PennantPark Floating Rate Capital Ltd. (PFLT) Income Statement
PFLT FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsPFLT revenue and net income
Where PFLT's revenue goes
FY2025Each bar shows an amount and its share of revenue. PFLT kept 38.7% of revenue as net income.
PFLT profit margins
PFLT growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.2% | +145.3% | +49.9% | +23.7% |
| Gross profit | −27.9% | +88.9% | +28.1% | +16.3% |
| Operating income | −27.4% | +20.9% | +29.1% | +18.0% |
| Net income | −27.7% | +167.9% | +29.2% | +18.2% |
| EPS (diluted) | −2.5% | −1.1% | +0.7% | +0.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PFLT quarterly EPS vs estimates
PennantPark Floating Rate Capital beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 23, 2026 (estimate $0.27).
PFLT income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $171.5M | $167.8M | $42.2M | $11.6M | $61.9M | $22.7M | $19.9M | $64.0M | $49.3M | $42.6M |
| Cost of revenue | $93.2M | $59.2M | $29.3M | $1.8M | $16.9M | $22.1M | $39.0M | $14.4M | $8.3M | $4.9M |
| Gross profit | $78.3M | $108.6M | $42.2M | $11.6M | $61.9M | $22.7M | $19.9M | $49.6M | $40.9M | $37.7M |
| Research & development | — | — | $0 | $0 | $1 | $0 | $0 | $0 | $1 | $1 |
| Sales, general & admin | $7.5M | $6.7M | $4.4M | $3.2M | $2.1M | $3.9M | $4.0M | $4.5M | $4.2M | $3.3M |
| Total operating expenses | $10.8M | $15.7M | $4.4M | $3.2M | $5.0M | $3.9M | $8.5M | $15.3M | $4.3M | $4.2M |
| Operating income | $67.5M | $92.9M | $37.7M | $38.2M | $56.9M | $18.8M | $68.0M | $34.3M | $36.6M | $33.5M |
| Interest income | $238.9M | $163.5M | $119.7M | $85.2M | $69.4M | $85.9M | $34.0M | $2.5M | $2.9M | $6.2M |
| Interest expense | $93.2M | $59.2M | $38.2M | $29.8M | $21.7M | $27.1M | $22.5M | $14.4M | $8.3M | $4.9M |
| Income before taxes | $67.5M | $92.9M | $37.7M | $8.4M | $56.9M | $18.8M | $11.4M | $34.3M | $36.6M | $33.5M |
| Income taxes | $1.1M | $1.1M | −$1.5M | $5.0M | $400,000 | $400,000 | $22.5M | $800,000 | $300,000 | $5.8M |
| Net income | $66.4M | $91.8M | $39.3M | $3.5M | $56.5M | $18.4M | −$11.1M | $33.5M | $36.3M | $33.5M |
| EBITDA | $67.5M | $94.9M | $37.7M | $58.5M | −$41.24B | $26.49B | $68.0M | $48.7M | $45.0M | $38.4M |
| EPS (diluted) | $1.16 | $1.19 | $1.33 | $1.20 | $1.03 | $1.12 | $1.18 | $1.07 | $1.12 | $1.06 |
| Gross margin | 45.6% | 64.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 77.6% | 83.1% | 88.5% |
| Operating margin | 39.4% | 55.4% | 89.5% | 328.7% | 91.9% | 83.0% | 340.9% | 53.6% | 74.4% | 78.5% |
| Net margin | 38.7% | 54.7% | 93.1% | 29.7% | 91.3% | 81.2% | −55.8% | 52.3% | 73.7% | 78.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.8M | $58.4M | $25.8M | $46.6M | $47.2M | $25.8M | $62.1M | $51.7M | $35.0M | $48.0M | $33.2M | $38.0M |
| Cost of revenue | $12.9M | $13.8M | $27.2M | $25.8M | $22.5M | $22.5M | $22.4M | $19.3M | $16.3M | $14.7M | $8.9M | $8.6M |
| Gross profit | $34.0M | $44.7M | −$1.4M | $20.8M | $24.6M | $3.3M | $39.7M | $32.4M | $18.7M | $33.3M | $24.2M | $29.4M |
| Sales, general & admin | $2.2M | $1.4M | $1.2M | $2.0M | $1.9M | $1.9M | $1.7M | $1.7M | $1.5M | $1.8M | $1.6M | $1.1M |
| Total operating expenses | $2.2M | −$9.6M | $2.6M | $2.0M | $4.8M | $2.3M | $14.7M | $10.6M | $1.6M | $1.8M | $1.6M | $1.1M |
| Operating income | $31.7M | $54.3M | −$4.0M | $18.8M | $19.8M | $1.0M | $25.0M | $21.8M | $17.1M | $31.4M | $22.6M | $28.3M |
| Interest income | $59.1M | $59.4M | $64.4M | $63.8M | $58.2M | $56.6M | $60.3M | $49.2M | $43.3M | $38.8M | $32.2M | $31.6M |
| Interest expense | $25.0M | $24.1M | $27.2M | $25.8M | $22.5M | $22.5M | $22.4M | $19.3M | $16.3M | $14.7M | $8.9M | $8.6M |
| Income before taxes | $6.7M | $28.7M | −$4.0M | $18.8M | $19.8M | $1.0M | $28.0M | $21.8M | $17.1M | $31.4M | $22.6M | $28.3M |
| Income taxes | −$867,000 | $661,000 | −$411,000 | $1.3M | $503,000 | −$222,000 | −$334,000 | $419,000 | $193,000 | $317,000 | $154,000 | $268,000 |
| Net income | $7.6M | $28.7M | −$3.6M | $17.5M | $19.3M | $1.2M | $28.3M | $21.3M | $16.9M | $31.1M | $22.5M | $28.0M |
| EBITDA | $32.4M | $52.9M | −$4.0M | $18.8M | $19.8M | $1.0M | $44.8M | $21.8M | $17.1M | $31.4M | $22.6M | $28.3M |
| EPS (diluted) | $0.26 | $0.26 | $0.27 | $0.28 | $0.25 | $0.28 | $0.35 | $0.24 | $0.31 | $0.31 | $0.33 | $0.32 |
| Gross margin | 72.6% | 76.4% | −5.4% | 44.6% | 52.2% | 12.8% | 64.0% | 62.7% | 53.4% | 69.4% | 73.0% | 77.4% |
| Operating margin | 67.8% | 92.9% | −15.5% | 40.3% | 42.0% | 3.9% | 40.3% | 42.1% | 48.9% | 65.5% | 68.2% | 74.5% |
| Net margin | 16.2% | 49.2% | −13.9% | 37.6% | 40.9% | 4.7% | 45.6% | 41.3% | 48.3% | 64.9% | 67.7% | 73.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PFLT's financial statements (latest annual report filed November 24, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PFLT financial results
In fiscal year 2025 (ended September 30, 2025), PennantPark Floating Rate Capital reported revenue of $171.5 million, up 2.2% from the year before. It had net income of $66.4 million (down 27.7%), a net profit margin of 38.7%. Diluted earnings per share came to $1.16. Over five years revenue grew at an average rate of 49.9% a year.
See the PFLT stock overview for the latest quote and news, or the PFLT chart for price history and technical indicators.
PFLT income statement FAQ
What is PennantPark Floating Rate Capital's annual revenue?
PennantPark Floating Rate Capital reported total revenue of $171.5 million for fiscal year 2025, which ended on September 30, 2025. That was up 2.2% from $167.8 million the previous year.
Is PennantPark Floating Rate Capital profitable?
Yes. PennantPark Floating Rate Capital reported net income of $66.4 million in fiscal 2025, a net profit margin of 38.7%; its operating margin was 39.4%.
What is PennantPark Floating Rate Capital's gross margin?
PennantPark Floating Rate Capital's gross margin was 45.6% in fiscal 2025: for every $100 of revenue, PennantPark Floating Rate Capital kept $46 after the direct cost of its products and services.
How fast is PennantPark Floating Rate Capital growing?
Revenue grew 49.9% a year on average over the last five fiscal years, from $22.7 million to $171.5 million.
What are PennantPark Floating Rate Capital's earnings per share?
PennantPark Floating Rate Capital earned $1.16 per diluted share in fiscal 2025, compared with $1.19 a year earlier.
When will PennantPark Floating Rate Capital report its next earnings?
PennantPark Floating Rate Capital is expected to report results for the quarter ending September 30, 2026 on November 23, 2026 after the market closes.
When does PennantPark Floating Rate Capital's fiscal year end?
PennantPark Floating Rate Capital's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 24, 2025.