Oxford Lane Capital Corp's stock experienced a significant pre-market plunge of 6.38% following the release of its third fiscal quarter financial results.
The company reported a substantial decline in its net asset value (NAV) per share, which fell to $15.51 as of December 31, 2025, compared to $19.19 on September 30, 2025. Furthermore, Oxford Lane Capital's adjusted earnings per share of $1.12 missed the analyst estimate of $1.30, while its sales of $117.8 million fell short of the $138 million estimate.
The financial results also revealed a net decrease in net assets resulting from operations of approximately $240.7 million, which included net unrealized depreciation of $305.4 million for the quarter. Total investment income decreased by approximately $10.5 million compared to the previous quarter.