Blackstone Secured Lending Fund (BXSL) Net Cash Flow (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Net Cash Flow came in at -$82.9 million in Q2 2026, up 88.04% on a YoY basis from -$44.1 million in Q2 2025, and down 227.45% quarter-over-quarter from $65.0 million in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) Net Cash Flow (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported Net Cash Flow for 6 consecutive years, with -$82.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Cash Flow rose 88.04% year-over-year to -$82.9 million; the trailing twelve-month figure through Jun 2026 stood at $12.2 million (up 165.27% YoY), and the FY2025 full-year result was $72.0 million, down 5.09% from the prior year.
- Net Cash Flow slipped to -$82.9 million in Q2 2026 per BXSL's latest filing, from $65.0 million in the prior quarter.
- Across five years, Net Cash Flow topped out at $734.8 million in Q1 2025 and bottomed at -$692.9 million in Q2 2025.
- Historically, Net Cash Flow has averaged $10.1 million across 5 years, with a median of $11.4 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Net Cash Flow sank 6256.23% in 2024, then jumped 10332.34% in 2025.
- Over 5 years, Net Cash Flow stood at -$3.5 million in 2022, then surged by 786.57% to $24.3 million in 2023, then surged by 36.8% to $33.2 million in 2024, then rose by 22.28% to $40.6 million in 2025, then slumped by 304.14% to -$82.9 million in 2026.
- According to Business Quant data, Net Cash Flow over the past three periods registered -$82.9 million, $65.0 million, and $40.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | -31.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | -82.90 Mn |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | -217.35 Mn |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 37.52 Mn |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | -274.66 Mn |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 5.50 Mn |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | -24.00 Mn |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | -63.25 Mn |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | -21.06 Mn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.02 Bn | - | 665,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -82.90 Mn |
| Mar 31, 2026 | 65.05 Mn |
| Dec 31, 2025 | 40.61 Mn |
| Sep 30, 2025 | -10.52 Mn |
| Jun 30, 2025 | -692.92 Mn |
| Mar 31, 2025 | 734.78 Mn |
| Dec 31, 2024 | 33.21 Mn |
| Sep 30, 2024 | -93.82 Mn |
| Jun 30, 2024 | 143.60 Mn |
| Mar 31, 2024 | -7.18 Mn |
| Dec 31, 2023 | 24.28 Mn |
| Sep 30, 2023 | -1.48 Mn |
| Jun 30, 2023 | 34.75 Mn |
| Mar 31, 2023 | -30.90 Mn |
| Dec 31, 2022 | -3.54 Mn |
| Sep 30, 2022 | -37.46 Mn |
| Jun 30, 2022 | 27.72 Mn |
| Mar 31, 2022 | 38.05 Mn |
| Dec 31, 2021 | -156.13 Mn |