Sixth Street Specialty Lending (TSLX) Free Cash Flow (2021 - 2026)
Sixth Street Specialty Lending (TSLX) posted Free Cash Flow of -$23.4 million for Q1 2026, down 131.52% sequentially from $74.1 million in Q4 2025, and down 115.58% YoY from $149.9 million in Q1 2025.
Sixth Street Specialty Lending (TSLX) Free Cash Flow (2021 - 2026) Analysis & Trends
Sixth Street Specialty Lending has reported Free Cash Flow for 6 years, with the latest figure at -$23.4 million in Q1 2026.
- Quarterly Free Cash Flow fell 115.58% year-over-year to -$23.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $228.3 million (up 34.32% YoY) and the FY2025 annual result came in at $401.6 million, up 982.76% from the prior year.
- Free Cash Flow fell to -$23.4 million in Q1 2026 per TSLX's latest filing, from $74.1 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $193.2 million in Q2 2025 and troughed at -$244.1 million in Q3 2022.
- A 5-year average of -$7.6 million and a median of -$23.4 million in 2026 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2024 and 2025: Free Cash Flow tumbled 303.2% in 2024, then jumped 341.14% in 2025.
- Over 5 years, Free Cash Flow stood at $54.3 million in 2022, then tumbled by 260.01% to -$86.9 million in 2023, then jumped by 64.63% to -$30.7 million in 2024, then surged by 341.14% to $74.1 million in 2025, then sank by 131.52% to -$23.4 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$23.4 million, $74.1 million, and -$15.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 1.12 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 1.91 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 3.20 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 535.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 2.88 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | -3.00 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 2.85 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | -308.00 Mn |
| 10 | Sixth Street Specialty Lending | 1.79 Bn | 1.59 Bn | 97.48 Mn | 68.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 68.35 Mn |
| Jun 30, 2026 | 68.35 Mn |
| Mar 31, 2026 | -23.35 Mn |
| Mar 31, 2026 | -23.35 Mn |
| Dec 31, 2025 | 74.09 Mn |
| Dec 31, 2025 | 74.09 Mn |
| Sep 30, 2025 | -15.63 Mn |
| Sep 30, 2025 | -15.63 Mn |
| Jun 30, 2025 | 193.20 Mn |
| Jun 30, 2025 | 193.20 Mn |
| Mar 31, 2025 | 149.92 Mn |
| Mar 31, 2025 | 149.92 Mn |
| Dec 31, 2024 | -30.73 Mn |
| Dec 31, 2024 | -30.73 Mn |
| Sep 30, 2024 | -74.50 Mn |
| Sep 30, 2024 | -74.50 Mn |
| Jun 30, 2024 | 125.27 Mn |
| Jun 30, 2024 | 125.27 Mn |
| Mar 31, 2024 | -65.54 Mn |
| Mar 31, 2024 | -65.54 Mn |