Carlyle Secured Lending (CGBD) Cash from Operations (2021 - 2026)
Carlyle Secured Lending's Cash from Operations was $73.62 million in Q2 2026, compared with -$230.92 million a year earlier and down 65.3% from the prior quarter.
Powered by 
Analysis
Carlyle Secured Lending (CGBD) Cash from Operations (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Carlyle Secured Lending's Cash from Operations was $166.57 million through Jun 30, 2026; for FY2025, it came in at -$204.56 million.
- In earlier years, Cash from Operations was $104.27 million in FY2024 (-54.8%), $230.61 million in FY2023, $14.51 million in FY2022 (-80.8%) and $75.43 million in FY2021 (-75.3%).
- Quarterly Cash from Operations has moved between -$230.92 million (Q2 2025) and $212.39 million (Q1 2026) over five years.
- Compared with a year earlier, Cash from Operations was higher in three of the last four quarters, with growth averaging 22.3%.
- The best year-over-year quarter for Cash from Operations over five years was Q1 2024 (growth of 216.9%); the worst was Q1 2023 (a decline of 49.7%).
- Per Business Quant data, CGBD's Cash from Operations in the three quarters before Q2 2026 was $212.39 million (Q1 2026), -$153.25 million (Q4 2025) and $33.81 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | -1.21 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 728.46 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 9.25 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 296.16 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 2.42 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 335.15 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.62 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 336.00 Mn |
| 10 | Carlyle Secured Lending | 739.33 Mn | 464.47 Mn | - | 73.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.62 Mn |
| Mar 31, 2026 | 212.39 Mn |
| Dec 31, 2025 | -153.25 Mn |
| Sep 30, 2025 | 33.81 Mn |
| Jun 30, 2025 | -230.92 Mn |
| Mar 31, 2025 | 145.80 Mn |
| Dec 31, 2024 | -111.13 Mn |
| Sep 30, 2024 | 62.89 Mn |
| Jun 30, 2024 | 71.50 Mn |
| Mar 31, 2024 | 81.01 Mn |
| Dec 31, 2023 | 55.81 Mn |
| Sep 30, 2023 | 57.24 Mn |
| Jun 30, 2023 | 92.00 Mn |
| Mar 31, 2023 | 25.56 Mn |
| Dec 31, 2022 | -19.99 Mn |
| Sep 30, 2022 | 72.23 Mn |
| Jun 30, 2022 | -88.52 Mn |
| Mar 31, 2022 | 50.80 Mn |
| Dec 31, 2021 | 93.97 Mn |
API Access
Carlyle Secured Lending Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=CGBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "CGBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=CGBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();