v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment Income        
Dividend income $ 13 $ 0 $ 13 $ 0
Total Investment Income 338,032 319,467 663,972 502,284
Operating Expenses        
Interest expense 108,791 87,327 212,616 139,013
Management fees [1] 53,948 32,540 107,861 48,416
Performance based incentive fees 29,316 28,052 18,631 37,493
Professional fees 3,090 2,841 5,831 6,209
Listing advisory fees 0 4,821 0 4,821
Directors' fees 420 314 694 573
Other general and administrative 3,401 3,055 6,687 4,558
Total Operating Expenses 198,966 158,950 352,320 241,083
Net Investment Income (Loss) Before Taxes 139,066 160,517 311,652 261,201
Income tax expense (benefit), including excise tax expense (benefit) 422 146 1,697 3,498
Net Investment Income (Loss) After Taxes 138,644 160,371 309,955 257,703
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss)     (463,085) 32,466
Translation of assets and liabilities in foreign currencies and other transactions 7,102 24,894 3,443 25,968
Income tax (provision) benefit 0 (48) 79 (843)
Total Net Change in Unrealized Gain (Loss) 34,720 78,054 (459,563) 57,591
Net realized gain (loss):        
Non-controlled, non-affiliated investments     84,298 (10,259)
Foreign currency transactions (2,773) (24,832) (359) (25,416)
Total Net Realized Gain (Loss) (19,142) (36,938) 83,939 (35,675)
Total Net Realized and Change in Unrealized Gain (Loss) 15,578 41,116 (375,624) 21,916
Net Increase (Decrease) in Net Assets Resulting from Operations $ 154,222 $ 201,487 $ (65,669) $ 279,619
Earnings Per Share - Basic (in USD per share) $ 0.33 $ 0.43 $ (0.14) $ 0.80
Earnings Per Share - Diluted (in USD per share) $ 0.33 $ 0.43 $ (0.14) $ 0.80
Weighted Average Shares Outstanding - Basic (in shares) 460,878,695 465,124,070 462,563,216 350,872,326
Weighted Average Shares Outstanding - Diluted (in shares) 460,878,695 465,124,070 462,563,216 350,872,326
Non-controlled, non-affiliated investments        
Investment Income        
Interest income $ 273,492 $ 264,998 $ 541,814 $ 408,356
Payment-in-kind ("PIK") interest income 24,969 22,648 49,026 37,929
Dividend income 453 539 978 539
PIK dividend income 13,657 15,455 28,001 23,855
Other income 4,167 4,105 7,343 8,744
Total Investment Income 316,738 307,745 627,162 479,423
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) 11,954 19,330 (436,630) (655)
Net realized gain (loss):        
Non-controlled, non-affiliated investments (14,349) (12,106) 109,474 (10,259)
Non-controlled, affiliated investments        
Investment Income        
Interest income 1,641 1,612 2,670 2,233
Payment-in-kind ("PIK") interest income 255 955 1,033 2,131
Dividend income 15,073 5,866 24,700 12,019
PIK dividend income 3,405 3,119 6,772 6,202
Other income 23 32 45 83
Total Investment Income 20,397 11,584 35,220 22,668
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) (38,635) 19,194 (82,410) 18,435
Net realized gain (loss):        
Non-controlled, non-affiliated investments (2,020) 0 (25,176) 0
Controlled, affiliated investments        
Investment Income        
Dividend income 897 138 1,590 193
Other income     0  
Total Investment Income 897 138 1,590 193
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) $ 54,299 $ 14,684 55,955 $ 14,686
Net realized gain (loss):        
Non-controlled, non-affiliated investments     $ 0  
[1] Refer to “Note 3 — Agreements and Related Party Transactions” for additional details on management fee waiver.