Blackstone Secured Lending Fund BXSL
NYSE BXSL
$24.25 -0.17 (-0.70%)
As of: Sep 10, 2026 · 3:59 PM EDT

Blackstone Secured Lending Fund (BXSL) Cash from Operations (2021 - 2026)

Blackstone Secured Lending Fund's (BXSL) quarterly Cash from Operations came in at $561.0 million in Q2 2026, up 353.76% on a YoY basis from $123.6 million in Q2 2025, and up 125.05% quarter-over-quarter from $249.3 million in Q1 2026.

Analysis

Blackstone Secured Lending Fund (BXSL) Cash from Operations (2021 - 2026) Analysis & Trends

Blackstone Secured Lending Fund (BXSL) has reported Cash from Operations for 6 consecutive years, with $561.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cash from Operations rose 353.76% year-over-year to $561.0 million; the trailing twelve-month figure through Jun 2026 stood at $148.0 million (up 112.15% YoY), and the FY2025 full-year result was -$458.7 million, up 81.84% from the prior year.
  • Cash from Operations grew to $561.0 million in Q2 2026 per BXSL's latest filing, from $249.3 million in the prior quarter.
  • Across five years, Cash from Operations topped out at $561.0 million in Q2 2026 and bottomed at -$903.9 million in Q4 2024.
  • Historically, Cash from Operations has averaged -$57.9 million across 5 years, with a median of -$54.8 million in 2022.
  • The sharpest annual moves came in 2023 and 2024: Cash from Operations jumped 1334.72% in 2023, then slumped 606.45% in 2024.
  • Over 5 years, Cash from Operations stood at $167.8 million in 2022, then sank by 176.24% to -$127.9 million in 2023, then plunged by 606.45% to -$903.9 million in 2024, then jumped by 74.59% to -$229.7 million in 2025, then jumped by 344.25% to $561.0 million in 2026.
  • According to Business Quant data, Cash from Operations over the past three periods registered $561.0 million, $249.3 million, and -$229.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Ares Capital 14.12 Bn 13.74 Bn - 336.00 Mn
2 Blackstone Secured Lending Fund 5.63 Bn 5.37 Bn - 560.96 Mn
3 Blue Owl Capital 5.49 Bn 5.25 Bn - 547.31 Mn
4 Main Street Capital 5.20 Bn 5.15 Bn - 116.57 Mn
5 Blue Owl Technology Finance 4.94 Bn 4.73 Bn - -316.70 Mn
6 Hercules Capital 4.66 Bn 4.61 Bn - 297.92 Mn
7 FS KKR Capital 3.33 Bn 3.22 Bn - 776.00 Mn
8 Golub Capital Bdc 3.31 Bn 3.26 Bn - 192.74 Mn
9 PennantPark Floating Rate Capital 2.49 Bn -118.08 Mn - 103.26 Mn
10 MidCap Financial Investment 2.07 Bn 2.03 Bn - 189.35 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 560.96 Mn
Mar 31, 2026 249.26 Mn
Dec 31, 2025 -229.66 Mn
Sep 30, 2025 -432.60 Mn
Jun 30, 2025 -221.06 Mn
Mar 31, 2025 424.66 Mn
Dec 31, 2024 -903.87 Mn
Sep 30, 2024 -517.72 Mn
Jun 30, 2024 -709.18 Mn
Mar 31, 2024 -395.53 Mn
Dec 31, 2023 -127.95 Mn
Sep 30, 2023 -90.38 Mn
Jun 30, 2023 521.28 Mn
Mar 31, 2023 155.86 Mn
Dec 31, 2022 167.82 Mn
Sep 30, 2022 487.97 Mn
Jun 30, 2022 36.33 Mn
Mar 31, 2022 -19.17 Mn
Dec 31, 2021 -1.39 Bn