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Oaktree Specialty Lending(NASDAQ) OCSL

Market Cap$1.14BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2008)+138%
5 Year+11%
1 Year+7%
1 Month+7%
$13.23
+2.24%
+0.29Today
Oaktree Specialty Lending last closing stock price
MetricPriceDate
Last closeUSD 12.942026-08-18
Oaktree Specialty Lending stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.01%USD 12.812026-08-11
1 month+6.5%USD 12.152026-07-17
3 month+12.82%USD 11.472026-05-20
Year to date+8.41%USD 11.942025-12-31
1 year+7.28%USD 12.062025-08-18
3 year-4%USD 13.482023-08-18
5 year+11.24%USD 11.632021-08-19
Since inception+137.84%USD 5.402008-06-12

Oaktree Specialty Lending Financials at a Glance

Market Cap

$1.14BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$279.10M

Net Income (TTM)

$42.24M

EPS (TTM)

$0.48

P/E Ratio

26.99

Dividend

$1.50

Beta (Volatility)

0.56 (Low)

Price

$13.23

Volume

169,876.356

Open

$13.03

Previous Close

$12.94

Daily Range

$12.97 - $13.23

52-Week Range

$10.59 - $14.26

Estimated Earnings Date

Nov 17, 2026

OCSL News

BuyAlert-Purple.png

Investment Advisor Adds $14.9 Million Worth of Specialty Lender, According to Latest SEC Filing

Jake LerchMay 7, 2026
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Oaktree (OCSL) Q3 Income Drops 33%

Motley Fool Markets TeamAug 5, 2025
oaktree specialty lending bdc

Oaktree Specialty Lending: Get Ready for a Dividend Cut

Jordan WathenNov 30, 2017

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About Oaktree Specialty Lending

Oaktree Specialty Lending helps mid-sized businesses by providing them with the loans they need to grow. It focuses on companies that cannot get traditional bank loans but have steady profits. This lending helps businesses stay open and serve their customers.

Lending to the Middle Market

  • Non-Control Debt: Loans provided to businesses where Oaktree does not hold a majority voting stake.
  • First Lien Loans: Senior debt instruments that have the first claim on a borrower's assets for repayment.
  • Control Investments: Direct ownership stakes in companies where Oaktree maintains significant management influence or board representation.
  • Affiliate Investments: Positions where the company owns between 5% and 25% of the voting securities of a business.

Strategic Moves and Alliances

  • Purchased common stock in SVP-Singer Holdings Inc. in December 2024 to expand its equity portfolio.
  • Invested in common stock of BioXcel Therapeutics, Inc. in November 2024.
  • Renamed the portfolio company RumbleOn, Inc. to RideNow Group, Inc. during the quarter ended December 31, 2025.
  • Increased its ownership in Telestream 2 LLC through a common stock acquisition in June 2025.

A Special Focus on Safety

Oaktree operates as a Business Development Company to provide capital to private middle-market companies. It prioritizes first-lien loans, which are debt instruments that hold the highest priority for repayment if a borrower fails.

A Look at the Books

  • Total investment income was $75.1 million for the quarter ended December 31, 2025, down 13.3% from $86.6 million in the prior year period.
  • Net investment income reached $36.7 million in Q1 2026, a decrease from $44.3 million in the same quarter of 2025.
  • Net asset value per share was $16.30 as of December 31, 2025, compared to $16.64 at the end of the previous fiscal year.
  • Total assets reached $3.1 billion on December 31, 2025, up from $3.0 billion on September 30, 2025.

Final Word

Oaktree has evolved from its origins as Fifth Street Finance to a specialized lender focused on senior debt for middle-market firms. This evolution emphasizes secured lending and strategic partnerships to manage credit risk.

AI Generated • May 1, 2026

Industry

Capital Markets

Sector

Financials

CEO

Armen Panossian, MBA

Website

www.oaktreespecialtylending.com

Headquarters

Los Angeles, CA 90071, US

OCSL Financials

Key Financial Metrics (TTM)

Gross Margin

80.54%

Operating Margin

44.09%

Net Income Margin

15.13%

Return on Equity

2.98%

Return on Capital

5.11%

Return on Assets

1.48%

Earnings Yield

3.71%

Dividend Yield

11.56%

Payout Ratio

3.10%

Stock Overview

Market Cap

$1.14BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

88.09M

Volume

169.88K

Avg. Volume

569.77K

Financials (TTM)

Gross Profit

$224.78M

Operating Income

$123.04M

EBITDA

$195.39M

Operating Cash Flow

$152.61M

Capital Expenditure

$0.00

Free Cash Flow

$152.61M

Cash & ST Invst.

$39.92M

Total Debt

$1.44B

Oaktree Specialty Lending Performance Analysis

Oaktree Specialty Lending annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 279,699,00018.6%
20232023-09-30USD 346,131,00023.8%
20242024-09-30USD 245,309,000-29.1%
20252025-09-30USD 299,704,00022.2%
Oaktree Specialty Lending sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-09-3024.9%
Q12025-12-31-9.3%
Q22026-03-31-25.7%
Q32026-06-308.6%
Oaktree Specialty Lending annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD 0.48-89.0%
20232023-09-30USD 1.63238.1%
20242024-09-30USD 0.72-55.7%
20252025-09-30USD 0.39-45.3%
Oaktree Specialty Lending sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-09-30-36.4%
Q12025-12-31-77.3%
Q22026-03-31-429.7%
Q32026-06-30266.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2026YOY CHG

Revenue

$61.64M

-8.6%

Gross Profit

$37.50M

+3.0%

Gross Margin

60.84%

N/A

Market Cap

$1.14BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

$30.94M

-19.3%

EBITDA

$105.17M

+171.9%

Quarterly Fundamentals

Name
Q3 2026YOY CHG

Total Cash

$39.92M

-50.0%

Total Debt

$1.44B

-0.6%

Accounts Receivable

$23.20M

-53.7%

Inventory

$0.00

N/A

Long Term Debt

$1.44B

-0.6%

Short Term Debt

$0.00

N/A

Return on Assets

1.48%

N/A

Return on Invested Capital

4.35%

N/A

Free Cash Flow

$68.14M

+194.7%

Operating Cash Flow

$68.14M

+194.7%

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Questions About OCSL

What is the current price of Oaktree Specialty Lending?

Oaktree Specialty Lending is trading at $13.23 per share.

What is the 52-week range for Oaktree Specialty Lending?

Over the past 52 weeks, Oaktree Specialty Lending has traded between $10.59 and $14.26.

How much debt does Oaktree Specialty Lending have?

As of the most recent reporting period, Oaktree Specialty Lending reported total debt of $1.44B.

How much cash does Oaktree Specialty Lending have on hand?

Oaktree Specialty Lending reported $6.55M in cash and cash equivalents in its most recent financial results.

What is Oaktree Specialty Lending’s dividend yield?

Oaktree Specialty Lending currently has a dividend yield of 11.56%.

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