FS Specialty Lending Fund

FSEN

FS Specialty Lending Fund

FSEN

Insider Sentiment (TTM):

Last Purchase:2018-12-21Last Sale:2018-12-21Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2025-09-30Institutional Shares Owned:22,405Shares Outstanding:75,917,730Institutional Ownership Pct.:0.03%

Earnings Market Reaction:

Filing Date:2025-08-14Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31
Investment Unaffiliated Issuer	-124	1,719	1,830	52	-43	1,652	1,359	54	-227	1,430
Investment Affiliated Issuer Noncontrolled	-63	154	73	4	3	45	26	0	-22	47
Investment Affiliated Issuer Controlled	-	-	0	0	-117	160	160	-7	6	172
Total Return Swap	0	0	-	-	-	-	-	-	-	-
Foreign Exchange Contract	-	0	-	-	-	-	-	-	-	-
Assets
Investment Owned At Fair Value	1,647	1,828	1,843	1,692	1,647	1,801	1,523	1,493	1,496	1,743
Cash And Cash Equivalents At Carrying Value	233	95	202	235	316	187	486	290	-	-
Restricted Cash	3	13	37	39	41	12	7	2	-	-
Cash	-	-	-	-	-	-	-	290	245	438
Cash Held In Foreign Currency	0	0	-	-	-	-	-	-	-	-
Receivable Investment Sale	23	1	34	1	16	30	28	1	3	-
Interest Receivable	16	16	14	17	19	15	15	11	14	18
Dividends Receivable	1	0	0	0	0	0	0	0	0	1
Derivative Assets	-	-	0	-	0	0	0	0	1	0
Prepaid Expense And Other Assets	0	0	0	0	0	0	0	0	0	0
Assets	1,923	1,953	2,131	1,986	2,041	2,047	2,060	1,796	1,758	2,200
Liabilities
Payable Investment Purchase	4	7	83	21	50	61	62	51	54	-
Line Of Credit	-	-	-	-	-	-	-	-	0	0
Notes Payable	-	-	-	-	-	-	0	0	0	456
Derivative Liabilities	-	-	-	0	-	-	0	0	0	0
Derivative Fair Value Of Derivative Liability	0	0	-	-	-	-	-	-	-	-
Distribution Payable	0	0	34	0	0	0	28	0	14	-
Management Fee Payable	9	9	9	9	9	9	8	8	9	10
Accrued Professional Fees Current And Noncurrent	1	0	0	1	1	0	0	1	1	1
Interest Payable Current And Noncurrent	1	1	1	1	1	2	2	1	0	4
Incentive Fee Payable	0	0	0	0	0	0	0	0	0	-
Accrued Liabilities And Other Liabilities	5	3	3	3	3	2	3	3	2	3
Liabilities	418	419	628	431	460	469	498	139	79	488
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	3,130	3,130	3,130	3,186	3,186	3,186	3,186	3,207	3,202	3,197
Retained Earnings Accumulated Deficit	-1,625	-1,595	-1,627	-1,631	-1,606	-1,608	-1,624	-1,550	-1,522	-1,484
Stockholders Equity	1,505	1,535	1,503	1,555	1,581	1,579	1,562	1,657	1,680	1,713
Liabilities And Stockholders Equity	1,923	1,953	2,131	1,986	2,041	2,047	2,060	1,796	1,758	2,200
Net Asset Value Per Share	19.82	3.37	3.3	3.41	3.47	3.47	3.43	3.64	3.7	3.78
Repurchase Facility	-1	3	3	-1	-1	5	6	5	-	-
Investment Owned At Cost	1,685	1,873	1,904	1,756	1,701	1,857	1,544	1,453	1,406	1,649
Debt Issuance Costs Line Of Credit Arrangements Ne…	-	-	-	-	-	-	-	-	0	0
Deferred Finance Costs Net	-	-	-	-	-	-	0	0	0	1
Cash Held In Foreign Currency Acquisition Cost	0	0	-	-	-	-	-	-	-	-
Preferred Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Preferred Stock Shares Authorized	50	50	50	50	50	50	50	50	50	50
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	700	700	700	700	700	700	700	700	700	700
Common Stock Shares Issued	76	76	76	76	76	76	76	76	76	75
Shares Outstanding	76	76	76	76	76	76	76	76	76	75
Credit Facilities	-	-	-	-	-	-	0	0	-	-

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2025	-6.52%	1.59%	6.15%	0.57%	0.64%	5.14%	-	-	-	-	-	-
2024	0.00%	0.00%	14.09%	2.22%	-0.66%	15.04%	0.00%	3.93%	-4.85%	0.00%	-4.12%	-10.38%
2023	0.00%	1.17%	1.17%	-17.31%	-13.46%	-17.51%	-13.39%	-10.39%	2.82%	-10.40%	-2.98%	-5.14%
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Performance and Valuation Metrics

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Metrics	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31
Leverage & Debt
Interest Coverage TTM	-	-	19.55	-2.48	-5.16	-6.69	-7.68	-	-	-
Per Share Metrics
Diluted EPS TTM	2.13	2.43	2.22	-0.63	-1.17	-2.04	-2.72	-	-	-
Free Cash Flow Per Share TTM	0.56	0.85	-2.72	-2.60	-2.29	-1.30	5.76	-	-	-
Dividend Per Share TTM	2.16	2.04	1.94	1.84	1.43	1.02	0.74	-	-	-
Margin Metrics
Operating Profit Margin TTM	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-	-
Net Profit Margin TTM	164,818.37%	188,557.14%	105,291.25%	-29,850.63%	-55,638.13%	-96,966.25%	-131,089.81%	-	-	-
Growth Metrics
Net Revenue Growth (1Y)	-38.75%	-38.75%	1.91%	-	-	-	-	-	-	-
Net Income Growth (1Y)	-281.44%	-219.10%	-181.85%	-	-	-	-	-	-	-
EPS Growth (1Y)	-281.44%	-219.10%	-181.66%	-	-	-	-	-	-	-
Calculated Values
Free Cash Flow TTM	42.28M	64.76M	-206.67M	-197.37M	-173.57M	-98.81M	436.50M	-	-	-
Net Debt	-232.90M	-95.02M	-202.09M	-274.33M	-357.28M	-199.14M	-486.06M	-291.74M	-245.36M	17.04M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2018-12-21Sale

Owner: Forman, Michael C.

Title: Chief Executive Officer

Shares: 435,451

Price/Share: $6.58

Value: $2,865,266.13

Shares Owned: 164,545

Relationship: Director,Officer

Ownership: Indirect

2018-12-21Purchase

Owner: Forman, Michael C.

Title: Chief Executive Officer

Shares: 435,451

Price/Share: $6.58

Value: $2,865,266.13

Shares Owned: 270,905

Relationship: Director,Officer

Ownership: Indirect

2018-05-08Purchase

Owner: Forman, Michael C.

Title: Chief Executive Officer

Shares: 11,165

Price/Share: $6.55

Value: $73,131.67

Shares Owned: 157,446

Relationship: Director,Officer

Ownership: Indirect

2016-11-23Purchase

Owner: Chandler, Gregory P

Title: -

Shares: 1,065

Price/Share: $7.52

Value: $8,005.34

Shares Owned: 20,796

Relationship: Director

Ownership: Indirect

2016-11-16Purchase

Owner: Gravina, Thomas

Title: -

Shares: 20,000

Price/Share: $7.52

Value: $150,400.00

Shares Owned: 38,915

Relationship: Director

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2018-12-21	Forman, Michael C.	Director,Officer	Chief Executive Officer	Indirect	Sale	435,451	6.58	$2,865,266.13	164,545	4
2018-12-21	Forman, Michael C.	Director,Officer	Chief Executive Officer	Indirect	Purchase	435,451	6.58	$2,865,266.13	270,905	4
2018-05-08	Forman, Michael C.	Director,Officer	Chief Executive Officer	Indirect	Purchase	11,165	6.55	$73,131.67	157,446	4
2016-11-23	Chandler, Gregory P	Director	-	Indirect	Purchase	1,065	7.52	$8,005.34	20,796	4
2016-11-16	Gravina, Thomas	Director	-	Indirect	Purchase	20,000	7.52	$150,400.00	38,915	4
2016-10-19	Goldstein, Richard I	Director	-	Direct	Purchase	4,016	7.47	$29,999.97	43,993	4
2016-10-19	Brown, Sidney R	Director	-	Indirect	Purchase	1,335	7.47	$9,974.99	35,733	4
2016-10-19	Vague, Richard	Director	-	Direct	Purchase	3,347	7.47	$25,000.00	125,271	4
2016-10-19	Heller, Michael	Director	-	Direct	Purchase	3,815	7.47	$28,499.99	97,732	4
2016-07-20	Goldstein, Richard I	Director	-	Direct	Purchase	4,115	7.29	$30,000.03	39,977	4
2016-07-20	Heller, Michael	Director	-	Direct	Purchase	4,252	7.29	$31,000.00	91,707	4
2016-07-20	Chandler, Gregory P	Director	-	Indirect	Purchase	1,372	7.29	$9,999.98	19,131	4
2016-07-20	Vague, Richard	Director	-	Direct	Purchase	3,772	7.29	$27,499.99	119,046	4
2016-07-20	Brown, Sidney R	Director	-	Indirect	Purchase	1,368	7.29	$9,974.98	33,967	4
2016-06-15	Gravina, Thomas	Director	-	Indirect	Purchase	2,831	7.07	$20,014.18	18,203	4
2016-04-20	Brown, Sidney R	Director	-	Indirect	Purchase	1,496	6.44	$9,632.50	32,182	4
2016-04-20	Heller, Michael	Director	-	Direct	Purchase	4,429	6.44	$28,522.12	85,237	4
2016-04-20	Vague, Richard	Director	-	Direct	Purchase	4,429	6.44	$28,522.12	112,342	4
2016-04-20	Chandler, Gregory P	Director	-	Indirect	Purchase	1,554	6.44	$10,007.76	17,313	4
2016-04-20	Goldstein, Richard I	Director	-	Direct	Purchase	4,662	6.44	$30,023.34	35,862	4
2016-03-16	Vague, Richard	Director	-	Direct	Purchase	15,987	6.26	$100,079.93	106,869	4
2016-03-16	Coleman, Sean K	Other	-	Direct	Purchase	7,994	6.26	$50,040.00	7,994	4
2016-03-16	Chandler, Gregory P	Director	-	Indirect	Purchase	2,398	6.26	$15,011.98	15,607	4
2016-03-16	Forman, Michael C.	Director,Officer	President and CEO	Indirect	Purchase	119,904	6.26	$750,599.54	119,904	4
2016-03-16	Gravina, Thomas	Director	-	Indirect	Purchase	15,028	6.26	$94,075.15	15,028	4
2016-03-16	Sypherd, Stephen	Officer	VP, Treasurer & Secretary	Direct	Purchase	1,599	6.26	$10,007.99	6,141	4
2016-03-16	Brown, Sidney R	Director	-	Indirect	Purchase	15,987	6.26	$100,079.93	30,530	4
2016-03-16	Klehr, Zachary	Officer	Executive Vice President	Direct	Purchase	1,599	6.26	$10,007.99	26,521	4
2016-03-16	Stahlecker, Gerald	Officer	Executive Vice President	Direct	Purchase	799	6.26	$5,003.99	10,270	4
2016-03-16	Volk, James Francis	Officer	Chief Compliance Officer	Direct	Purchase	1,599	6.26	$10,007.99	1,599	4
2016-03-16	Adelman, David J.	Director	-	Indirect	Purchase	159,872	6.26	$1,000,799.41	127,625	4
2016-01-27	Chandler, Gregory P	Director	-	Indirect	Purchase	1,543	6.48	$10,000.00	13,095	4
2016-01-27	Goldstein, Richard I	Director	-	Direct	Purchase	4,630	6.48	$30,000.00	31,199	4
2016-01-27	Heller, Michael	Director	-	Direct	Purchase	4,398	6.48	$28,500.01	79,259	4
2016-01-27	Vague, Richard	Director	-	Direct	Purchase	4,398	6.48	$28,500.01	90,096	4
2016-01-27	Brown, Sidney R	Director	-	Direct	Purchase	1,539	6.48	$9,974.99	14,417	4
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Institutional Ownership

No data available for chart

2025-09-30

0.03%

Inst. Shares: 22,405

Shares Outstanding: 75,917,730

2025-06-30

0.06%

Inst. Shares: 43,444

Shares Outstanding: 75,917,730

2025-03-31

0.05%

Inst. Shares: 235,249

Shares Outstanding: 455,506,155

2024-12-31

0.07%

Inst. Shares: 310,922

Shares Outstanding: 455,506,155

2024-09-30

0.02%

Inst. Shares: 110,621

Shares Outstanding: 455,506,155

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2025-09-30	22,405	75,917,730	0.03%
2025-06-30	43,444	75,917,730	0.06%
2025-03-31	235,249	455,506,155	0.05%
2024-12-31	310,922	455,506,155	0.07%
2024-09-30	110,621	455,506,155	0.02%
2024-06-30	73,384	75,917,730	0.10%
2024-03-31	14,650	455,506,155	0.00%
2023-12-31	128,210	454,418,684	0.03%
2023-09-30	68,074	455,401,486	0.01%
2023-06-30	60,033	454,041,028	0.01%
2023-03-31	25,119	452,684,238	0.01%
2022-12-31	40,600	452,684,238	0.01%
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FS Specialty Lending Fund (FSEN) — SEC Financial Statements & Analysis

FS Specialty Lending Fund (FSEN) is a not available company, incorporated in DE. FS Specialty Lending Fund trades on OTC as: FSEN. Based on its latest SEC filing (Form 10-Q, period ending 2025-06-30), FS Specialty Lending Fund reported a -38.75% year-over-year revenue growth. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -38.75%

Data as of 2025-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is FS Specialty Lending Fund in?

FS Specialty Lending Fund (FSEN) operates in the Not Available industry.

What exchange does FSEN trade on?

FS Specialty Lending Fund (FSEN) trades on the OTC.

Where is FS Specialty Lending Fund incorporated?

FS Specialty Lending Fund is incorporated in DE.