The earnings call revealed strong origination and deployment achievements as well as the declaration of a solid dividend yield. However, challenges such as the decline in net asset value, unrealized losses, and increased nonaccruals present notable concerns. While the highlights are significant, the lowlights indicate ongoing challenges that balance out the positive aspects.

Company Guidance

During Carlyle Secured Lending's second-quarter 2025 earnings call, the company reported a net investment income of $0.39 per share, with a third-quarter dividend declared at $0.40 per share. The net asset value as of June 30 was $16.43 per share, down from $16.63 per share at the end of March. Despite tight market spreads, the company achieved a platform-wide deployment record with $2 billion in originations closed during the quarter. Carlyle Direct Lending funded $376 million in investments, resulting in net investment activity of $238 million after repayments. Total investments increased from $2.2 billion to $2.3 billion. The portfolio included 202 investments across 148 companies, with 94% in senior secured loans. The company noted a slight increase in nonaccruals to 2.1% of total investments, although a successful restructuring reduced this to 1% on a pro forma basis. With expectations of a busier fourth quarter, Carlyle Secured Lending remains focused on portfolio diversification and credit performance.

Record Deployment of $2 Billion in Originations

Carlyle Direct Lending achieved a platform-wide deployment record with $2 billion in originations closed during the second quarter, the highest level since IPO in 2017.

Increased Total Investments

Total investments at CGBD increased from $2.2 billion to $2.3 billion during the quarter after adjusting for $150 million of investments sold to MMCF.

Dividend Declaration

The Board of Directors declared a third quarter dividend of $0.40 per share, representing an attractive yield of over 11%.

Strong Portfolio Performance

94% of investments were in senior secured loans, and the portfolio is diversified across 202 investments and 148 companies in more than 25 industries.

TCG BDC (CGBD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CGBD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.40 / -	0.47	―	―	―
Aug 05, 2025	2025 (Q2)	0.39 / 0.39	0.51	-23.53% (-0.12)
May 06, 2025	2025 (Q1)	0.43 / 0.40	0.54	-25.93% (-0.14)
Feb 25, 2025	2024 (Q4)	0.44 / 0.48	0.596	-19.46% (-0.12)
Nov 05, 2024	2024 (Q3)	0.49 / 0.47	0.484	-2.89% (-0.01)
Aug 05, 2024	2024 (Q2)	0.51 / 0.51	0.52	-1.92% (-0.01)
May 07, 2024	2024 (Q1)	0.51 / 0.54	0.5	8.00% (+0.04)
Feb 26, 2024	2023 (Q4)	0.51 / 0.60	0.35	70.29% (+0.25)
Nov 07, 2023	2023 (Q3)	0.51 / 0.48	0.58	-16.55% (-0.10)
Aug 08, 2023	2023 (Q2)	0.49 / 0.52	0.4	30.00% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CGBD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$13.74	$13.60	-1.02%
May 06, 2025	$13.83	$13.25	-4.19%
Feb 25, 2025	$16.57	$16.89	+1.93%
Nov 05, 2024	$15.49	$15.14	-2.26%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does TCG BDC Inc (CGBD) report earnings?

TCG BDC Inc (CGBD) is schdueled to report earning on Nov 11, 2025, After Close (Confirmed).

What is TCG BDC Inc (CGBD) earnings time?

TCG BDC Inc (CGBD) earnings time is at Nov 11, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CGBD EPS forecast?

CGBD EPS forecast for the fiscal quarter 2025 (Q3) is 0.4.

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