XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) Income Statement
XFLT FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsXFLT revenue and net income
Where XFLT's revenue goes
FY2025Each bar shows an amount and its share of revenue. XFLT kept 30.4% of revenue as net income.
XFLT profit margins
XFLT growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −43.7% | — | — | — |
| Gross profit | −66.1% | — | — | — |
| Operating income | −85.1% | — | — | — |
| Net income | −79.8% | — | — | — |
| EPS (diluted) | +22.6% | −37.9% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XFLT quarterly EPS vs estimates
XAI Octagon Floating Rate & Alternative Income Term beat the analyst EPS estimate in 4 of the last 8 quarters.
XFLT income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.5M | $57.7M | $53.0M | $0 | $38.4M | $0 | $0 | $4.6M |
| Cost of revenue | $12.9M | $12.2M | $8.9M | $8.4M | $4.8M | $2.9M | $2.0M | $0 |
| Gross profit | $19.5M | $57.7M | $53.0M | −$31.1M | $38.4M | −$9.4M | −$3.9M | $4.6M |
| Research & development | — | — | $1 | $1 | $2 | $2 | $1 | — |
| Sales, general & admin | $2.4M | $2.2M | $1.7M | $1.4M | $1.4M | $1.3M | $1.0M | $889,726 |
| Total operating expenses | $9.7M | $8.8M | $6.4M | $5.6M | $2.9M | $1.6M | $573,554 | $588,325 |
| Operating income | $9.9M | $66.4M | $46.6M | −$33.8M | $35.5M | −$11.0M | −$4.4M | $5.3M |
| Interest income | $86.1M | $85.8M | $56.7M | $41.2M | $21.6M | $13.2M | $11.6M | $9.0M |
| Interest expense | $12.9M | $12.2M | $7.7M | $2.8M | $961,490 | $954,943 | $1.5M | $1.3M |
| Income before taxes | $9.9M | $48.9M | $46.6M | −$36.7M | $35.5M | −$11.0M | −$4.4M | $4.0M |
| Income taxes | — | — | $57.9M | −$30.7M | $37.5M | −$10.1M | −$3.0M | −$161,141 |
| Net income | $9.9M | $48.9M | $46.6M | −$36.7M | $35.5M | −$11.0M | −$4.4M | $4.0M |
| EBITDA | $9.9M | $66.4M | $46.6M | −$33.8M | $35.5M | −$11.0M | −$4.4M | $5.3M |
| EPS (diluted) | $0.65 | $0.53 | $0.93 | $2.72 | $2.71 | −$0.77 | −$0.35 | $0.34 |
| Gross margin | 60.2% | 100.0% | 100.0% | — | 100.0% | — | — | 100.0% |
| Operating margin | 30.4% | 115.1% | 88.0% | — | 92.5% | — | — | 115.6% |
| Net margin | 30.4% | 84.7% | 88.0% | — | 92.5% | — | — | 87.2% |
| Mar '26 | Sep '25 | Mar '25 | Sep '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.5M | $21.4M | $40.0M | $45.0M | $39.1M | $39.1M | $23.7M | $23.7M | $22.5M | $22.5M | $20.6M | $20.6M |
| Cost of revenue | $7.0M | $7.7M | $8.1M | $7.2M | $5.9M | $5.9M | $4.7M | $4.7M | $4.2M | $4.2M | $4.3M | $4.3M |
| Gross profit | $14.5M | $13.7M | $31.9M | $37.8M | $33.2M | $33.2M | $19.0M | $19.0M | $18.3M | $18.3M | $16.4M | $16.4M |
| Total operating expenses | $79.8M | −$10.1M | $27.3M | $15.7M | −$11.1M | −$11.1M | −$20.5M | −$20.5M | −$53,136 | −$53,136 | $41.0M | $41.0M |
| Operating income | −$65.3M | $23.8M | $4.6M | $22.1M | $44.3M | $44.3M | $39.6M | $39.6M | $18.4M | $18.4M | −$24.6M | −$24.6M |
| Interest expense | $5.6M | $8.9M | $9.7M | $9.8M | $7.7M | $7.7M | $6.1M | $6.1M | $5.2M | $5.2M | $3.5M | $3.5M |
| Income before taxes | −$71.0M | $14.9M | −$5.0M | $12.3M | $36.6M | $36.6M | $33.5M | $33.5M | $13.2M | $13.2M | −$28.1M | −$28.1M |
| Income taxes | — | — | — | — | — | — | −$43,811 | — | −$122,085 | — | −$54,880 | — |
| Net income | −$73.5M | $14.9M | −$5.0M | $12.3M | $36.6M | $36.6M | $33.5M | $33.5M | $13.2M | $13.2M | −$28.1M | −$28.1M |
| EBITDA | −$65.3M | $23.8M | $4.6M | $22.1M | $44.3M | $44.3M | $39.6M | $39.6M | $18.4M | $18.4M | −$24.6M | −$24.6M |
| EPS (diluted) | — | $0.00 | $0.00 | $0.00 | $0.27 | $0.26 | $0.25 | $0.26 | $0.26 | $0.17 | $1.05 | −$0.28 |
| Gross margin | 67.5% | 64.1% | 79.7% | 84.0% | 85.0% | 85.0% | 80.0% | 80.0% | 81.4% | 81.4% | 79.3% | 79.3% |
| Operating margin | −304.3% | 111.5% | 11.5% | 49.2% | 113.3% | 113.3% | 166.6% | 166.6% | 81.6% | 81.6% | −119.4% | −119.4% |
| Net margin | −342.4% | 69.9% | −12.6% | 27.2% | 93.6% | 93.6% | 141.0% | 141.0% | 58.5% | 58.5% | −136.2% | −136.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XFLT's financial statements (latest annual report filed October 23, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XFLT financial results
In fiscal year 2025 (ended September 30, 2025), XAI Octagon Floating Rate & Alternative Income Term reported revenue of $32.5 million, down 43.7% from the year before. It had net income of $9.9 million (down 79.8%), a net profit margin of 30.4%. Diluted earnings per share came to $0.65.
See the XFLT stock overview for the latest quote and news, or the XFLT chart for price history and technical indicators.
XFLT income statement FAQ
What is XAI Octagon Floating Rate & Alternative Income Term's annual revenue?
XAI Octagon Floating Rate & Alternative Income Term reported total revenue of $32.5 million for fiscal year 2025, which ended on September 30, 2025. That was down 43.7% from $57.7 million the previous year.
Is XAI Octagon Floating Rate & Alternative Income Term profitable?
Yes. XAI Octagon Floating Rate & Alternative Income Term reported net income of $9.9 million in fiscal 2025, a net profit margin of 30.4%; its operating margin was 30.4%.
What is XAI Octagon Floating Rate & Alternative Income Term's gross margin?
XAI Octagon Floating Rate & Alternative Income Term's gross margin was 60.2% in fiscal 2025: for every $100 of revenue, XAI Octagon Floating Rate & Alternative Income Term kept $60 after the direct cost of its products and services.
What are XAI Octagon Floating Rate & Alternative Income Term's earnings per share?
XAI Octagon Floating Rate & Alternative Income Term earned $0.65 per diluted share in fiscal 2025, compared with $0.53 a year earlier.
When does XAI Octagon Floating Rate & Alternative Income Term's fiscal year end?
XAI Octagon Floating Rate & Alternative Income Term's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on October 23, 2025.