OXLC

MKT CAP:$975M

Oxford Lane Capital Corp.

Market Cap

$975M

Financial Services·Asset Management·🇺🇸 United States·NASDAQ

Financials·Asset Management·🇺🇸·NASDAQ

Stock Price

$10.04-$5.01 (-33.29%)

Apr 17, 2026

Company Details

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans ma...

CEO

Jonathan H. Cohen

IPO Date

Jan 21, 2011

Website

www.oxfordlanecapital.com

Key Metrics TTM

Revenue

$811M

+66.5% YoY

Net Income

$189M

EPS (Diluted)

$1.01

Free Cash Flow

$1.5B

Revenue / Share

$9.32

Gross Margin

19.3%

Operating Margin

33.5%

Net Margin

23.3%

FCF Margin

187.0%

P/S

1.2x

P/E

5.2x

Earnings Reports

Q2 2026

Sep 29, 2025

$226M+10.4%EPS $0.24

FY 2025

Mar 31, 2025

$96M-65.7%EPS $0.11

Q4 2025

Mar 30, 2025

$224M+41.9%EPS -$0.04

Q2 2025

Sep 29, 2024

$204M+53.5%EPS $0.26

FY 2024

Mar 31, 2024

$280M+320.7%EPS $1.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 18	$40M	$0	$32M
Q2 19	$45M	$0	$17M
Q4 19	$42M	$0	-$38M
Q2 20	$53M	$0	-$79M
Q4 20	$63M	$0	-$196M
Q2 21	-$642.0K	$0	$80M
Q4 21	$59M	$0	$226M
Q2 22	$88M	$0	$155M
Q4 22	$112M	$0	-$7M
Q2 23	$114M	$0	-$170M
Q4 23	$128M	$0	$31M
Q2 24	$133M	$0	$132M
Q4 24	$158M	$0	$136M
Q2 25	$204M	$0	$83M
Q4 25	$224M	$0	$4M
Q2 26	$226M	$157M	$48M

Valuation

Quarter	P/S	P/E
Q4 18	7.6x	6.8x
Q2 19	6.5x	11.7x
Q4 19	6.0x	57.3x
Q2 20	5.4x	—
Q4 20	4.8x	—
Q2 21	6.2x	—
Q4 21	5.6x	—
Q2 22	4.6x	4.2x
Q4 22	3.8x	2.3x
Q2 23	2.6x	6.2x
Q4 23	2.2x	—
Q2 24	2.0x	—
Q4 24	1.8x	15.3x
Q2 25	1.6x	3.1x
Q4 25	1.4x	3.4x
Q2 26	1.2x	5.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 18	-$40M	-$40M
Q2 19	$48M	$48M
Q4 19	$44M	$44M
Q2 20	$47M	$47M
Q4 20	$76M	$76M
Q2 21	$37M	$37M
Q4 21	$87M	$87M
Q2 22	$264M	$264M
Q4 22	$283M	$283M
Q2 23	$255M	$255M
Q4 23	$126M	$126M
Q2 24	$209M	$209M
Q4 24	$215M	$215M
Q2 25	$486M	$486M
Q4 25	$369M	$369M
Q2 26	$447M	$447M

Capital Expenditures

Quarter	CapEx
Q4 18	$4
Q2 19	$3
Q4 19	$0
Q2 20	$0
Q4 20	$3
Q2 21	$0
Q4 21	$3
Q2 22	$3
Q4 22	$4
Q2 23	$0
Q4 23	$5
Q2 24	$4
Q4 24	$0
Q2 25	$0
Q4 25	$5
Q2 26	$5

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	+90.5%	+153.0%
Q4 19	+44.8%	+46320.4%
Q2 20	+48.3%	+380.1%
Q4 20	+58.7%	+3059.8%
Q2 21	-101.4%	-387.3%
Q4 21	+41.3%	-310.6%
Q2 22	+67.3%	-150.6%
Q4 22	+77.7%	-54.0%
Q2 23	+17884.0%	+451.9%
Q4 23	+116.8%	+158.1%
Q2 24	+50.4%	+102.1%
Q4 24	+40.5%	-82.2%
Q2 25	+78.9%	-57.4%
Q4 25	+75.1%	+126.4%
Q2 26	+69.5%	+12651.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 18	$0	0.0%
Q2 19	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	—
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 26	$71M	$132.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$20M	$0	$20M
Q2 19	$8M	$0	$8M
Q4 19	$21M	$0	$21M
Q2 20	$26M	$0	$26M
Q4 20	$12M	$0	$12M
Q2 21	$30M	$0	$30M
Q4 21	$91M	$0	$91M
Q2 22	$68M	$0	$68M
Q4 22	$35M	$0	$35M
Q2 23	$46M	$0	$46M
Q4 23	$22M	$0	$22M
Q2 24	$27M	$0	$27M
Q4 24	$43M	$0	$43M
Q2 25	$206M	$0	$206M
Q4 25	$295M	$0	$295M
Q2 26	$19M	$0	$19M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 18	5M	+5.2%	—
Q2 19	6M	+14.4%	-3.7%
Q4 19	9M	+40.2%	+28.3%
Q2 20	12M	+37.5%	+132.0%
Q4 20	15M	+28.5%	+183.4%
Q2 21	17M	+15.3%	+185.7%
Q4 21	19M	+8.8%	+121.8%
Q2 22	22M	+17.8%	+90.0%
Q4 22	29M	+30.0%	+92.2%
Q2 23	30M	+4.4%	+73.9%
Q4 23	31M	+4.3%	+66.6%
Q2 24	40M	+28.6%	+81.9%
Q4 24	44M	+7.8%	+50.8%
Q2 25	50M	+15.8%	+67.3%
Q4 25	91M	+79.6%	+188.2%
Q2 26	87M	-4.0%	+115.2%

Shares Outstanding