PDCC

MKT CAP:$69M

Pearl Diver Credit Company Inc.

Market Cap

$69M

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

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$10.62-$3.53 (-24.95%)

Apr 21, 2026

Company Details

Pearl Diver Credit Co., Inc. operates as an investment company. It focuses on the investing in collateralized loan obligations securities. The company was founded on April 12, 2023 and is headquartered in New York, NY.

CEO

Indranil Basu

IPO Date

Jul 18, 2024

Website

www.pearldivercapital.com

Key Metrics TTM

Revenue

$19M

— YoY

Net Income

$18M

EPS (Diluted)

$2.54

Free Cash Flow

-$20M

Revenue / Share

$2.77

Gross Margin

50.0%

Operating Margin

35.9%

Net Margin

96.7%

FCF Margin

-102.8%

P/S

3.6x

P/E

3.8x

Earnings Reports

FY 2025

Dec 30, 2025

$22M+27.4%EPS -$2.35

Q4 2025

Dec 30, 2025

$3M-64.2%EPS $1.81

Q3 2025

Sep 29, 2025

$3MEPS -$0.64

Q2 2025

Jun 29, 2025

$3M-69.5%EPS $0.52

FY 2024

Dec 31, 2024

$17M+679.8%EPS $0.85

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 24	$10M	$0	$4M
Q4 24	$9M	$0	$7M
Q2 25	$3M	$3M	$0
Q3 25	$3M	$3M	$0
Q4 25	$3M	$3M	$0

Valuation

Quarter	P/S	P/E
Q2 24	—	—
Q4 24	—	—
Q2 25	—	—
Q3 25	5.2x	13.5x
Q4 25	5.8x	6.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 24	-$20M	-$20M

Capital Expenditures

Quarter	CapEx
Q4 24	$4

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 25	-66.6%	-45.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 24	$0	0.0%

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 24	$45.9K	$0	$45.9K
Q4 24	$188.1K	$30M	$30M
Q2 25	$177.0K	$0	$177.0K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 24	8M	—	—
Q4 24	8M	+4.3%	—
Q2 25	7M	-15.8%	—
Q3 25	7M	-0.2%	—
Q4 25	7M	+2.0%	-10.6%

Shares Outstanding