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Bain Capital Specialty Finance Inc (BCSF) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · ASSET MANAGEMENT · DATA UPDATED 2026-09-19

Bain Capital Specialty Finance Inc (BCSF) operates in the ASSET MANAGEMENT industry and is headquartered in Boston, United States. Its market capitalization is roughly $754 million. In the fiscal year ended 2025-12-31, BCSF reported $239M in revenue and $99M in net income.

Bain Capital Specialty Finance, Inc. is business development company specializing in direct loans to middle-market companies.

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BCSF Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Total Revenue$193M$239M$213M$218M$117M$124M$14M$95M$74M$25M$2M
Gross Profit$128M$184M$138M$138M$117M$124M$14M$95M$73M$21M$2M
Gross Margin %66.6%76.9%64.9%63.3%100.0%100.0%100.0%100.0%99.3%84.9%100.0%
Operating Income (EBIT)$109M$181M$124M$127M$159M$120M$9M$98M$69M$18M$1M
Operating Margin %56.7%75.6%58.2%58.1%136.2%96.7%61.2%103.6%94.1%74.1%29.3%
Net Income$64M$99M$119M$123M$105M$120M$8M$98M$27M$19M$1M
Net Margin %33.2%41.3%56.1%56.6%90.5%96.6%59.5%103.6%36.2%78.8%28.8%
EBITDA$108M$183M$124M$127M$159M$92M$9M$98M$51M$23M$1M
Earnings Per Share (EPS)$0.99$1.52$1.85$1.91$1.63$1.86$0.14$1.87$0.68$0.97$0.03
Shares Outstanding (M)65M65M65M65M65M65M59M52M39M20M20M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BCSF Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$45M$54M$51M$43M$49M$52M$48M$56M
Gross Profit$36M$39M$31M$22M$28M$33M$27M$38M
Gross Margin %78.4%72.5%61.6%52.4%55.9%63.6%56.5%67.5%
Operating Income (EBIT)$37M$25M$29M$20M$25M$30M$23M$34M
Operating Margin %80.7%46.0%56.0%45.7%50.2%57.0%48.8%61.2%
Net Income$14M$3M$28M$19M$24M$29M$22M$33M
Net Margin %31.0%6.3%54.4%43.8%48.0%54.9%46.1%59.4%
EBITDA$35M$25M$29M$20M$25M$30M$23M$34M
Earnings Per Share (EPS)$0.22$0.05$0.43$0.29$0.37$0.44$0.34$0.51
Shares Outstanding (M)65M65M65M65M65M65M65M65M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BCSF Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash from Operations (CFO)$75M$30M$113M$126M($317M)$266M$89M($243M)($774M)($697M)($101M)
Free Cash Flow (FCF)$75M$30M$113M$126M($317M)$266M$89M($243M)($774M)($697M)($101M)
FCF Margin %38.7%12.3%52.9%57.7%-271.9%214.0%642.8%-256.3%-1052.0%-2845.3%-4760.7%
Dividends Paid$123M$146M$114M$99M$88M$88M$86M$81M$41M$8M$8M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BCSF Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$12M$27M$27M$9M$28M$46M$5M$33M
Free Cash Flow (FCF)$12M$27M$27M$9M$28M$46M$5M$33M
FCF Margin %26.0%49.7%53.2%21.1%56.5%88.9%9.7%59.5%
Dividends Paid$27M$37M$29M$29M$29M$58M$29M$29M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BCSF Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Total Assets$2.6B$2.7B$2.6B$2.5B$2.6B$2.6B$2.6B$2.6B$1.8B$988M$177M
Cash & Cash Equivalents$116M$59M$54M$49M$60M$117M$55M$37M$15M$141M$67M
Total Liabilities$1.5B$1.5B$1.5B$1.3B$1.5B$1.5B$1.5B$1.6B$789M$481M$67M
Total Debt (Short + Long-Term)$0M$600M$0M$1.3B$1.4B$1.4B$1.5B$3.1B$635M$451M$59M$0M
Total Shareholders' Equity$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B$1.0B$1.0B$507M$110M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BCSF viewer.

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