Bain Capital Specialty Finance, Inc. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on August 10, 2026, covering the fiscal quarter ended June 30, 2026.

Key Highlights

  • Total assets: The company reported total assets of $2,620,082 thousand as of June 30, 2026, down from $2,662,585 thousand as of December 31, 2025.
  • Net asset value per share: NAV per share was $16.65 as of June 30, 2026, compared with $17.23 as of December 31, 2025.
  • Total net assets: Net assets stood at $1,080,365 thousand as of June 30, 2026, versus $1,117,410 thousand at year-end 2025.
  • Shares outstanding: 64,868,507 shares of common stock were issued and outstanding as of both June 30, 2026 and December 31, 2025.
  • Investment income (six months): Total investment income from non-controlled/non-affiliate investments was $97,880 thousand for the six months ended June 30, 2026, compared with $111,727 thousand for the same period in 2025.
  • Total distributable loss: The company reported a total distributable loss of $(80,810) thousand as of June 30, 2026, widening from $(43,765) thousand at December 31, 2025.
  • Total debt: Debt, net of unamortized issuance costs, was $1,501,129 thousand as of June 30, 2026, up from $1,470,796 thousand at December 31, 2025.

Bain Capital Specialty Finance Balance Sheet and Income Trends for Q2 2026

According to the filing, Bain Capital Specialty Finance, Inc. (NYSE: BCSF) reported total assets of $2,620,082 thousand as of June 30, 2026. The largest asset category was non-controlled/non-affiliate investments at fair value of $1,789,082 thousand (amortized cost of $1,796,413 thousand), followed by controlled affiliate investments at fair value of $542,733 thousand (amortized cost of $557,704 thousand). Cash and cash equivalents increased to $97,187 thousand from $23,092 thousand at December 31, 2025, according to the consolidated balance sheet.

The filing disclosed that total net assets declined to $1,080,365 thousand as of June 30, 2026, from $1,117,410 thousand at December 31, 2025, with net asset value per share decreasing to $16.65 from $17.23 over the same period. Total distributable loss widened to $(80,810) thousand from $(43,765) thousand at year-end 2025. Paid-in capital in excess of par value remained at $1,161,110 thousand for both periods, the company disclosed.

For the six months ended June 30, 2026, the filing reported total investment income from non-controlled/non-affiliate investments of $97,880 thousand, compared with $111,727 thousand for the six months ended June 30, 2025. For the three months ended June 30, 2026, that figure was $47,747 thousand, versus $58,891 thousand in the prior-year quarter. Components for the three months ended June 30, 2026 included interest from investments of $37,795 thousand, PIK income of $7,531 thousand, other income of $1,767 thousand, and dividend income of $654 thousand, according to the consolidated statements of operations.

What Was Disclosed

Bain Capital Specialty Finance filed its Form 10-Q for the quarter ended June 30, 2026, disclosing consolidated balance sheet data, income statement results for the three and six months ended June 30, 2026 and 2025, and changes in net assets. The company had 64,868,507 common shares outstanding as of August 10, 2026.