Sixth Street Specialty Lending, Inc. Financial Summary

Complete Filing Data

Sixth Street Specialty Lending, Inc. reported Net Asset Value Per Share of 17 shares for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Sixth Street Specialty Lending, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Net Income *$170.5M$186.6M$222.0M$108.1M$211.8M$178.1M
Nonoperating Income Expense$482.5M$438.1M$309.3M$278.6M$270.0M
Other General And Administrative Expense$5.6M$5.5M$5.3M$5.4M$6.2M$5.3M
Operating Expenses$260.0M$240.5M$140.8M$136.0M$117.3M
Income Tax Expense Benefit$3.9M$2.4M$2.6M$384.0K$5.8M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$224.0M$198.8M$168.9M$142.7M$152.8M
Income Taxes Paid$5.8M$2.3M$2.4M$1.7M$3.9M$4.0M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020
Net Income *$30.0M$44.6M$59.0M$37.0M$51.0M$40.7M$47.4M$47.5M$51.2M$64.8M$53.1M$53.0M$46.3M$34.4M-$13.5M$40.9M$41.8M$55.0M$58.4M$56.7M
Nonoperating Income Expense$123.7M$119.2M$121.8M$117.8M$119.5M$114.4M$107.6M$96.5M$100.1M$77.8M$63.9M$67.4M$78.3M$71.2M$62.8M$66.2M$62.2M$71.3M$70.2M$66.3M
Other General And Administrative Expense$1.5M$1.3M$1.3M$1.4M$1.3M$1.3M$1.4M$1.2M$1.0M$1.3M$1.3M$1.6M
Operating Expenses$63.9M$65.7M$65.0M$64.2M$58.2M$53.4M$40.5M$22.3M$34.7M
Income Tax Expense Benefit$698.0K$1.2M$850.0K$461.0K$902.0K$413.0K$356.0K$750.0K$104.0K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$55.6M$56.4M$53.2M$50.5M$49.7M$43.4M$37.5M$41.6M$36.6M
Income Taxes Paid$4.5M$2.3M$2.4M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Stockholders Equity$1.61B$1.61B$1.50B$1.34B$1.28B$1.16B$1.12B
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$19.7M$27.3M$25.2M$25.6M$16.0M$13.3M$14.1M
Net Realized Gains Losses On Investments And Foreign Currency Translation$8.6M$12.4M$16.7M$28.9M-$2.6M
Net Change In Unrealized Gains Losses On Investments And Foreign Currency Translation-$42.0M$13.2M-$75.0M$40.5M$33.7M
Amortization Of Debt Discount Premium$1.9M$1.6M$899.0K$766.0K$707.0K$546.0K
Unrealized Gain Loss On Investments$44.8M-$52.8M$18.9M-$76.4M$49.7M$32.0M
Repayments Of Short Term Debt$1.57B$1.65B$1.23B$918.1M$1.47B$1.09B
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$7.7M$2.1M-$451.0K$9.7M$2.7M-$869.0K
Accretion Amortization Of Discounts And Premiums Investments$26.7M$21.1M$17.6M$19.4M$27.8M$25.7M
Treasury Stock Value$10.5M$10.5M$10.5M$10.5M$4.3M
Retained Earnings Accumulated Deficit$81.6M$97.7M$100.8M$56.5M$90.1M
Prepaid Expense And Other Assets$20.5M$6.0M$7.6M$4.5M$3.5M
Management Fee Payable$12.8M$13.0M$12.0M$10.5M$9.4M
Long Term Debt$1.74B$1.90B$1.78B$1.44B$1.19B
Liabilities And Stockholders Equity$3.42B$3.58B$3.34B$2.84B$2.55B
Liabilities$1.81B$1.97B$1.85B$1.50B$1.28B
Interest Receivable$34.1M$30.5M$28.0M$18.8M$10.8M
Common Stock Value$954.0K$943.0K$885.0K$821.0K$761.0K
Cash And Cash Equivalents At Carrying Value$19.7M$27.3M$25.2M$25.6M$16.0M
Assets Net-$1.61B-$1.61B-$1.50B-$1.34B-$1.28B
Assets$3.42B$3.58B$3.34B$2.84B$2.55B
Additional Paid In Capital Common Stock$1.54B$1.52B$1.41B$1.29B$1.19B
Percentage Of Non Qualifying Assets19.9%16.5%13.1%9.7%14.8%
Fair Value Of Securities As Percentage Of Net Assets In Percentage1.2%0.9%3.5%6.6%
Restricted Cash$16.7M$22.4M$24.0M$15.4M$14.4M
Deferred Finance Costs Net$24.4M$23.8M$21.9M$17.8M$19.1M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Stockholders Equity$1.62B$1.62B$1.60B$1.60B$1.60B$1.58B$1.49B$1.46B$1.36B$1.33B$1.24B$1.28B$1.25B$1.22B$1.19B
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$83.2M$39.2M$47.3M$29.7M$34.6M$35.9M$29.9M$25.9M$25.7M$30.3M$27.2M$18.3M
Net Realized Gains Losses On Investments And Foreign Currency Translation$11.0K$1.8M$2.1M$5.1M$1.5M$5.2M$2.4M$404.0K$13.7M-$10.6M$2.0M$14.6M
Net Change In Unrealized Gains Losses On Investments And Foreign Currency Translation-$14.3M-$9.5M-$7.0M$9.7M$2.8M$4.8M-$5.1M-$54.8M-$8.5M$29.0M$28.9M$9.8M
Amortization Of Debt Discount Premium$491.0K$474.0K$395.0K$430.0K$421.0K$395.0K$237.0K$195.0K$192.0K$193.0K$191.0K$186.0K
Unrealized Gain Loss On Investments-$10.8M-$11.7M$5.6M
Repayments Of Short Term Debt$609.5M$578.8M$345.5M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$19.9M$10.7M$90.0K
Accretion Amortization Of Discounts And Premiums Investments$6.2M$4.0M$3.5M
Treasury Stock Value$10.5M$10.5M$10.5M$10.5M$10.5M$10.5M$10.5M$10.5M$10.5M$7.3M
Retained Earnings Accumulated Deficit$91.7M$95.2M$85.0M$90.5M$98.2M$99.0M$94.2M$74.7M$65.0M$44.4M
Prepaid Expense And Other Assets$18.6M$57.0M$8.0M$24.3M$4.5M$4.9M$7.5M$3.1M$3.7M$3.5M
Management Fee Payable$12.8M$12.6M$12.7M$12.7M$12.5M$12.2M$11.7M$11.1M$10.5M$10.1M
Long Term Debt$1.83B$1.73B$1.84B$1.87B$1.71B$1.80B$1.62B$1.62B$1.56B$1.46B
Liabilities And Stockholders Equity$3.51B$3.42B$3.50B$3.53B$3.39B$3.45B$3.17B$3.14B$2.97B$2.86B
Liabilities$1.89B$1.80B$1.90B$1.93B$1.79B$1.87B$1.69B$1.68B$1.62B$1.53B
Interest Receivable$31.2M$24.7M$31.2M$34.8M$30.7M$31.3M$23.5M$23.2M$24.6M$19.8M
Common Stock Value$952.0K$949.0K$946.0K$940.0K$937.0K$928.0K$882.0K$879.0K$824.0K$816.0K
Cash And Cash Equivalents At Carrying Value$83.2M$39.2M$47.3M$29.7M$34.6M$35.9M$29.9M$25.9M$25.7M$30.3M
Assets Net-$1.62B-$1.62B-$1.60B-$1.60B-$1.60B-$1.58B-$1.49B-$1.46B-$1.36B-$1.33B
Assets$3.51B$3.42B$3.50B$3.53B$3.39B$3.45B$3.17B$3.14B$2.97B$2.86B
Additional Paid In Capital Common Stock$1.54B$1.53B$1.53B$1.52B$1.51B$1.49B$1.40B$1.40B$1.30B$1.29B
Percentage Of Non Qualifying Assets16.6%11.3%10.3%
Fair Value Of Securities As Percentage Of Net Assets In Percentage3.5%3.2%0.6%0.8%0.9%1.0%1.0%0.4%1.1%3.4%5.3%
Restricted Cash$20.1M$35.3M$42.7M$23.2M$29.5M$29.1M$26.9M$15.1M$15.6M
Deferred Finance Costs Net$26.2M$27.9M$29.6M$25.5M$27.3M$25.3M$23.4M$20.5M$19.1M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Proceeds From Issuance Of Common Stock$0.00$93.3M$89.2M$85.9M
Proceeds From Short Term Debt$1.34B$1.78B$1.55B$1.33B$1.62B$1.11B
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan$22.5M$24.7M$23.5M$30.5M$36.4M$22.3M
Proceeds From Investments Net$112.2M$85.2M$42.2M$23.5M$92.9M$79.6M
Payments Of Dividends$170.3M$168.7M$156.4M$144.7M$221.9M$130.4M
Net Cash Provided By Used In Operating Activities$401.6M-$45.5M-$236.8M-$224.5M$2.5M$145.1M
Net Cash Provided By Used In Financing Activities-$409.2M$47.6M$236.3M$234.2M$241.0K-$145.9M
Increase Decrease In Prepaid Deferred Expense And Other Assets$4.3M-$1.6M$3.0M$1.0M-$12.1M$10.6M
Increase Decrease In Other Operating Liabilities$28.8M$17.0M$31.1M-$52.8M-$24.7M$21.4M
Increase Decrease In Interest Receivable Paid In Kind-$511.0K$277.0K-$1.5M$359.0K-$642.0K-$29.0K
Increase Decrease In Due From Affiliates Current$469.0K-$833.0K$463.0K-$116.0K-$517.0K-$684.0K
Increase Decrease In Accrued Interest Receivable Net$3.1M$2.8M$7.6M$8.4M$1.6M-$4.5M
Payments Of Financing Costs$7.3M$8.8M$9.4M$4.3M$8.0M$4.3M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024Q1 2023
Proceeds From Issuance Of Common Stock$81.5M
Proceeds From Short Term Debt$530.0M$622.0M$457.6M
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan$6.4M$5.9M$6.2M
Proceeds From Investments Net$3.7M$26.1M$5.4M
Payments Of Dividends$43.2M$43.3M$38.5M
Net Cash Provided By Used In Operating Activities$149.9M-$65.5M-$73.5M
Net Cash Provided By Used In Financing Activities-$130.0M$76.2M$73.6M
Increase Decrease In Prepaid Deferred Expense And Other Assets$2.1M-$2.7M-$801.0K
Increase Decrease In Other Operating Liabilities$1.8M-$10.6M$6.8M
Increase Decrease In Interest Receivable Paid In Kind-$80.0K-$997.0K-$1.0K
Increase Decrease In Due From Affiliates Current$934.0K$101.0K-$442.0K
Increase Decrease In Accrued Interest Receivable Net$561.0K$2.3M$5.8M
Payments Of Financing Costs$7.3M$5.0M

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013
Net Asset Value Per Share$16.98$17.16$17.04$16.48$16.84$17.16$16.83$16.25$16.09$15.95$15.15$15.53$15.52
Shares Outstanding94.7M93.7M87.8M81.4M75.8M67.7M66.5M65.4M60.2M59.7M54.2M53.8M
Weighted Average Number Of Shares Outstanding Basic94.1M92.0M85.1M78.2M72.2M67.2M
Earnings Per Share Basic$1.81$2.03$2.61$1.38$2.93$2.65
Common Stock Shares Issued95.4M94.3M88.5M82.1M76.1M
Weighted Average Number Of Diluted Shares Outstanding94.1M92.0M85.1M78.2M77.7M67.2M
Earnings Per Share Diluted$1.81$2.03$2.61$1.38$2.79$2.65
Preferred Stock Shares Outstanding0.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.00
Preferred Stock Shares Authorized100.0M100.0M100.0M100.0M100.0M
Preferred Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021
Net Asset Value Per Share
Shares Outstanding94.5M94.2M94.0M93.3M93.0M92.1M87.5M87.2M81.8M81.2M76.3M76.1M72.8M
Weighted Average Number Of Shares Outstanding Basic94.2M94.0M93.7M93.0M92.7M89.0M87.3M84.2M81.4M79.5M76.3M76.0M72.8M
Earnings Per Share Basic$0.47$0.63$0.39$0.44$0.51$0.53$0.74$0.63$0.65$0.43$-0.18$0.54$0.75
Common Stock Shares Issued95.2M94.9M94.6M94.0M93.7M92.8M88.2M87.9M81.6M
Weighted Average Number Of Diluted Shares Outstanding94.2M94.0M93.7M93.0M92.7M89.0M87.3M84.2M81.4M79.5M81.8M81.5M80.5M
Earnings Per Share Diluted$0.47$0.63$0.39$0.44$0.51$0.53$0.74$0.63$0.65$0.43$-0.15$0.51$0.70
Preferred Stock Shares Outstanding0.000.000.000.000.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.000.000.000.000.00
Preferred Stock Shares Authorized100.0M100.0M100.0M100.0M100.0M100.0M100.0M100.0M100.0M
Preferred Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency-$39.5M-$33.5M$25.6M-$58.3M$69.4M$31.1M
Investment Income Net$220.0M$196.4M$166.3M$142.4M$147.0M
Net Expense$258.6M$239.3M$140.4M$135.9M$117.3M
Stock Issued During Period Value Dividend Reinvestment Plan$22.5M$24.7M$23.5M$30.5M$36.4M$22.3M
Dividends$193.4M$180.0M$144.3M$261.5M$154.6M
Professional Fees$8.3M$7.5M$7.3M$7.2M$6.6M$6.8M
Noninterest Expense Directors Fees$962.0K$877.0K$806.0K$736.0K$743.0K$825.0K
Management Fee Expense$52.2M$51.8M$46.4M$39.9M$37.1M$32.1M
Incentive Fees On Net Capital Gains-$5.1M-$5.4M$4.4M-$8.9M$13.5M$1.4M
Foreign Currency Transaction Gain Loss Unrealized-$35.9M$13.4M-$6.4M$8.7M-$591.0K-$5.1M
Foreign Currency Transaction Gain Loss Realized-$505.0K-$464.0K$180.0K-$291.0K$59.0K-$152.0K
Amortization Of Financing Costs$6.7M$6.9M$5.2M$5.7M$6.1M$5.1M
Incentive Fees On Net Investment Income$45.5M$42.6M$33.4M$33.1M$31.5M
Investment Income Operating After Expense And Tax$210.0M$220.0M$196.4M
Unrealized Gain Loss On Derivatives$0.00$0.00$174.0K-$6.7M-$6.7M$6.8M
Realized Investment Gains Losses-$47.4M$9.0M$12.3M$14.7M$28.8M-$3.1M
Net Realized Gains Losses On Foreign Currency Transactions-$870.0K$610.0K$335.0K-$509.0K-$56.0K-$118.0K
Interest Paid Net$119.4M$139.8M$119.4M$55.6M$29.3M$34.0M
Gain Loss Form Adjustment Of Paid In Kind Interest$25.1M$29.6M$18.2M$12.9M$9.6M$8.6M
Dividends Declared During The Period$192.9M$193.4M$180.0M$144.3M$261.5M$154.6M
Stock Issued During Period Shares Dividend Reinvestment Plan1.0M1.2M1.3M1.6M1.7M
Investment Owned At Fair Value$3.35B$3.52B$3.28B$2.79B$2.52B
Investment Owned At Cost$3.32B$3.54B$3.25B$2.77B$2.43B

Quarterly (10-Q, single quarters)

Metric \ QuarterQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency-$20.5M-$6.1M$8.2M-$21.0M-$6.6M-$14.3M-$7.7M-$4.8M-$3.5M$14.8M$4.3M$10.0M-$6.4M-$2.7M-$54.3M$5.2M-$4.4M$18.5M$31.0M$24.3M$20.7M$40.8M$56.4M-$86.8M
Investment Income Net$57.6M$54.9M$55.1M$52.4M$54.7M$50.0M$48.8M$42.9M$52.6M$37.2M$40.8M$35.7M$46.2M$36.5M$27.4M$32.3M$32.8M$41.1M$39.5M$33.7M
Net Expense$64.9M$63.6M$65.4M$64.6M$64.3M$64.0M$57.9M$53.2M$47.5M$40.7M$23.1M$31.7M$32.1M$34.7M$35.4M$33.9M$29.4M$30.2M$30.8M$32.6M
Stock Issued During Period Value Dividend Reinvestment Plan$5.5M$6.2M$6.4M$5.9M$6.0M$5.9M$5.9M$5.6M$6.2M$11.0M$5.8M$6.8M$4.4M$14.3M$4.7M
Dividends$48.9M$49.6M$48.4M$48.2M$49.3M$45.4M$43.4M$44.8M$34.0M$34.3M$39.5M$31.3M$34.1M$123.0M
Professional Fees$2.0M$2.6M$2.0M$1.9M$2.1M$1.8M$1.9M$1.7M$1.8M$2.0M$1.8M$1.6M
Noninterest Expense Directors Fees$206.0K$248.0K$248.0K$215.0K$207.0K$220.0K$215.0K$174.0K$183.0K$181.0K$174.0K$180.0K
Management Fee Expense$13.1M$12.9M$13.1M$13.0M$12.8M$12.6M$11.9M$11.4M$10.7M$10.3M$9.5M$9.5M
Incentive Fees On Net Capital Gains-$1.1M$1.4M-$3.7M-$2.2M-$1.3M-$845.0K$2.6M$749.0K$1.8M-$22.0K-$9.1M$3.4M
Foreign Currency Transaction Gain Loss Unrealized$756.0K-$25.8M-$11.0M-$10.3M-$1.6M$4.7M$5.5M-$2.0M-$1.0M$9.2M$7.7M$3.7M
Foreign Currency Transaction Gain Loss Realized-$366.0K-$73.0K-$278.0K-$72.0K$121.0K-$109.0K-$246.0K-$139.0K$424.0K-$199.0K-$19.0K-$48.0K
Amortization Of Financing Costs$1.8M$1.7M$1.5M$1.8M$1.7M$1.7M$1.4M$1.1M$1.2M$1.4M$1.4M$1.5M
Incentive Fees On Net Investment Income$11.1M$11.5M$11.2M$11.4M$10.9M$11.2M$10.5M$9.5M$7.9M$6.7M$8.5M
Investment Income Operating After Expense And Tax$50.5M$50.7M$50.8M$58.0M$57.6M$54.9M$55.1M$52.4M$54.7M$50.0M$48.8M$42.9M
Unrealized Gain Loss On Derivatives$0.00-$57.0K$231.0K-$2.6M-$1.7M-$1.5M
Realized Investment Gains Losses$1.1M$2.2M$4.8M
Net Realized Gains Losses On Foreign Currency Transactions$25.0K$493.0K$554.0K
Interest Paid Net$45.5M$38.4M$25.6M
Gain Loss Form Adjustment Of Paid In Kind Interest$5.3M$7.1M$3.3M
Dividends Declared During The Period$49.6M$49.3M$44.8M
Stock Issued During Period Shares Dividend Reinvestment Plan302.9K292.1K362.6K299.1K
Investment Owned At Fair Value$3.38B$3.29B$3.41B$3.44B$3.32B$3.38B$3.11B$3.09B$2.92B$2.81B
Investment Owned At Cost$3.34B$3.26B$3.44B$3.43B$3.30B$3.36B$3.09B$3.07B$2.79B

Most recent annual filing with the SEC: February 12, 2026

Data sourced from SEC EDGAR public filings as of August 5, 2026.