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FS KKR Capital FSK

FS KKR Capital reports $73 million net income for Q3 2026

Form
10-Q
Filed
Importance
Notable
  1. Net income: $73 million for the three months ended Sep 30, 2026
  2. Diluted EPS: $0.26 for the three months ended Sep 30, 2026
  3. Cash and equivalents: $172 million at Sep 30, 2026

Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.

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What changed since last quarter

1 new risk factor · 1 removed

Compared with the 10-Q for the period ended Jun 30, 2026.

Key numbers from the XBRL in this filing and the previous one.
This filingPreviousChange vs prior 10-Q
Net income$73M−$34M+315%
Operating cash flow$404M$776M−48%
Cash$172M$109M+58%
New risk factors (1)
  • We originate and invest in unitranche loans, which combine characteristics of first lien, second lien and, in some cases, subordinated or mezzanine debt, generally within a single credit facility. In certain unitranche investments, another lender may hold the "first out" portion of the loan while we retain the "last… +8 more paragraphs
Removed risk factors (1)
  • We issued the Convertible Preferred Stock on June 29, 2026 and may in the future determine to issue additional preferred stock, which could adversely affect the market value of our common stock. +27 more paragraphs

The reading, claim by claim

  1. FS KKR Capital Corp's Form 10-Q for the quarter ended September 30, 2026, shows total assets of $11,695 million.
  2. Liabilities totaled $6,546 million, and stockholders' equity was $4,999 million.
  3. The net asset value per share of common stock was $18.28 as of September 30, 2026.
  4. In its 10-Q for the quarter ended September 30, 2026, FS KKR Capital Corp reported net investment income of $127 million.
  5. The filing shows that for the quarter ended September 30, 2026, FS KKR Capital Corp had a net increase in net assets of $71 million.

5 of 6 claims matched the filing text.

Not found in the filing text

  • This is the amount applicable to common stockholders.

From the filing

Item 1. Financial Statements.

Item 1. Financial Statements.

FS KKR Capital Corp.

Consolidated Balance Sheets (dollar amounts in millions, except per share amounts, unless otherwise noted)

September 30, 2026 December 31, 2025

(Unaudited)

Assets

Investments, at fair value

Non-controlled/unaffiliated investments (amortized cost—$ 7,132 and $ 8,406 , respectively)

$ 6,765 $ 8,164

Non-controlled/affiliated investments (amortized cost—$ 865 and $ 929 , respectively)

872 855

Controlled/affiliated investments (amortized cost—$ 4,426 and $ 4,406 , respectively)

3,669 3,990

Total investments, at fair value (amortized cost—$ 12,423 and $ 13,741 , respectively)

11,306 13,009 Cash and cash equivalents 102 181

Restricted cash 61 —

Foreign currency, at fair value (cost—$ 9 and $ 27 , respectively)

9 27

Receivable for investments sold and repaid 106 313

Income receivable 72 98

Unrealized appreciation on foreign currency forward contracts 3 —

Deferred financing costs 29 32

Prepaid expenses and other assets 7 69

Total assets $ 11,695 $ 13,7291

Liabilities

Payable for investments purchased $ 1 $ 8

Debt (net of deferred financing costs and discount of $ 46 and $ 45 , respectively)

6,231 7,634

Unrealized depreciation on foreign currency forward contracts 2 10

Stockholder distributions payable 121 —

Management fees payable 42 50

Subordinated income incentive fees payable 12 28

Administrative services expense payable 4 1 Interest payable 54 77

Other accrued expenses and liabilities 79 72

Total liabilities 6,546 7,8802

Commitments and contingencies (Note 10)

Preferred stock, $ 0.001 par value per share, 50,000,000 shares authorized, respectively; 6,000,000 and 0 Cumulative Convertible Perpetual Preferred Stock, Series A shares, $ 0.001 par value per share, $ 25.00 liquidation preference per share, issued and outstanding, respectively

150 —

Stockholders' equity

Common stock, $ 0.001 par value per share, 750,000,000 shares authorized, respectively, 273,532,761 and 280,066,433 shares issued and outstanding, respectively 0 0

Capital in excess of par value 9,124 9,199

Retained earnings (accumulated deficit) ( 4,125 ) ( 3,350 ) Total stockholders' equity 4,999 5,8492

Total liabilities, preferred stock and stockholders' equity $ 11,695 $ 13,729

Net asset value per share of common stock at period end $ 18.28 $ 20.893

See notes to unaudited consolidated financial statements.

1

Table of Contents

FS KKR Capital Corp.

Unaudited Consolidated Statements of Operations (dollar amounts in millions, except per share amounts, unless otherwise noted)

Three Months Ended Nine Months Ended

September 30, September 30, 2026 2025 2026 2025

Investment income

From non-controlled/unaffiliated investments:

Interest income $ 152 $ 217 $ 495 $ 658 Paid-in-kind interest income 10 24 24 55 Fee income 2 4 8 27 Dividend and other income — 6 11 30 From non-controlled/affiliated investments: Interest income 3 7 6 23 Paid-in-kind interest income 14 15 39 51 Fee income 2 — 2 3 Dividend and other income 28 5 30 20 From controlled/affiliated investments: Interest income 5 7 20 35 Paid-in-kind interest income 22 15 63 63

Fee income — — 1 —

Dividend and other income 56 73 189 206 Total investment income 294 373 888 1,171

Operating expenses

Management fees 42 51 134 156 Subordinated income incentive fees 23 33 71 108 Administrative services expenses 3 3 8 8 Accounting and administrative fees 1 1 3 3 Interest expense 99 116 305 354 Other general and administrative expenses 9 6 22 19 Total operating expenses 177 210 543 648

Subordinated income incentive fee waiver ( 12 ) — ( 23 ) —

Net expenses 165 210 520 648 Net investment income before taxes 129 163 368 523 Excise taxes 2 4 2 4 Net investment income 127 1594 366 519

Realized and unrealized gain/loss

Net realized gain (loss) on investments:

Non-controlled/unaffiliated investments ( 133 ) ( 25 ) ( 179 ) ( 131 ) Non-controlled/affiliated investments — ( 10 ) ( 170 ) ( 2 ) Controlled/affiliated investments 7 ( 18 ) ( 49 ) ( 73 ) Net realized gain (loss) on foreign currency forward contracts ( 3 ) — ( 7 ) ( 3 ) Net realized gain (loss) on foreign currency ( 1 ) ( 20 ) ( 10 ) ( 25 ) Net change in unrealized appreciation (depreciation) on investments: Non-controlled/unaffiliated investments 160 ( 47 ) ( 126 ) 69 Non-controlled/affiliated investments ( 13 ) 6 82 ( 76 ) Controlled/affiliated investments ( 77 ) 141 ( 341 ) ( 62 ) Net change in unrealized appreciation (depreciation) on foreign currency forward contracts 3 3 11 ( 17 ) Net change in unrealized gain (loss) on foreign currency 3 25 23 ( 60 ) Total net realized and unrealized gain (loss) ( 54 ) 55 ( 766 ) ( 380 )

Provision for taxes on investments — — — ( 11 )

Realized loss on extinguishment of debt — — ( 2 ) ( 3 )

Net increase (decrease) in net assets resulting from operations 73 214 ( 402 ) 125 Distributions to preferred stockholders ( 2 ) — ( 2 ) — Net increase (decrease) in net assets resulting from operations applicable to common stockholders $ 71 $ 2145 $ ( 404 ) $ 125

See notes to unaudited consolidated financial statements.

2

Table of Contents

FS KKR Capital Corp.

Unaudited Consolidated Statements of Operations (continued) (dollar amounts in millions, except per share amounts, unless otherwise noted)

Three Months Ended Nine Months Ended

September 30, September 30, 2026 2025 2026 2025 Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per share of common stock)—basic $ 0.26 $ 0.76 $ ( 1.45 ) $ 0.45 Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per share of common stock)—diluted $ 0.26 $ 0.76 $ ( 1.45 ) $ 0.45 Weighted average shares of common stock outstanding—basic 276,267,096 280,066,433 278,776,186 280,066,433 Weighted average shares of common stock outstanding—diluted 284,233,107 280,066,433 278,776,186 280,066,433

See notes to unaudited consolidated financial statements.

3

Table of Contents

FS KKR Capital Corp.

Unaudited Consolidated Statements of Changes in Net Assets (dollar amounts in millions unless other

Data on this page was fetched . The filing on SEC.gov is the record.