SLR Investment

SLRC on Nasdaq. SLR Investment lends money to privately held middle-market companies in the United States. Market value $624m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

People who run the company bought its shares with their own money in the last 90 days.
Trades at its 1-year low.

What to watch out for

We could not check its warning signs this time.
We could not check all its numbers, so it is not on our list.

See stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield

annual report to December 2025

n/a

We could not compute this from the filings.

Price to profit

annual report to December 2025

n/a

The filings do not give us enough to work this out.

Return on capital

five annual reports to December 2025

n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$11.43 a share, at its 1-year low

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a

2022202320242025

Revenue
Revenue	n/a	n/a	n/a	n/a
Operating margin
Operating margin	n/a	n/a	n/a	n/a
Debt to equity
Debt to equity	n/a	n/a	n/a	n/a
Shares outstanding
Shares outstanding	0.05bn	0.05bn	0.05bn	0.05bn

Health checks

Free cash flow positiveNot enough data
Accounting looks honest (Beneish)Not enough data
Financial strength (Piotroski)Not enough data
Profit backed by cash (accruals)Yes
DebtUnknown
Revenue growth, five yearsUnknown
Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

Profit: $8 million, down 66% on a year ago.
About the same number of shares as a year ago.
Debt is $731 million more than cash, down from $800 million a year ago.

Profit by quarter

$24m

$8m

Profit by quarter
Quarter to	Amount
September 2024	$22m
December 2024	$23m
March 2025	$20m
June 2025	$24m
September 2025	$23m
December 2025	$25m
March 2026	$17m
June 2026	$8m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated): n/a
Last annual report (10-K): 24 February 2026
Next quarterly (estimated, 10-Q): 3 November 2026

Who owns it

None of the long-term investors we follow own it. 125 funds in all.

Jun '25

Dec '25

Jun '26

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

1 investor owns more than 5%.

Thornburg Investment Management
Passive investor
8.0%0.0 pts
Since 31 December 2025

Holder	Stake	Since
Thornburg Investment Management Passive investor	8.0%0.0 pts	31 December 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 2 insiders bought $4m of shares on the open market.

GROSS MICHAEL S
See Remarks, Director
Bought
Date
10 September 2026
Shares
20,000
Price
$12.35
Value
$246,980
GROSS MICHAEL S
See Remarks, Director
Bought
Date
13 May 2026
Shares
10,000
Price
$13.10
Value
$131,000
GROSS MICHAEL S
See Remarks, Director
Bought
Date
12 May 2026
Shares
10,000
Price
$13.09
Value
$130,900
GROSS MICHAEL S
See Remarks, Director
Bought
Date
16 March 2026
Shares
10,452
Price
$13.90
Value
$145,283
GROSS MICHAEL S
See Remarks, Director
Bought
Date
13 March 2026
Shares
25,000
Price
$13.91
Value
$347,750
GROSS MICHAEL S
See Remarks, Director
Bought
Date
4 March 2026
Shares
15,019
Price
$14.83
Value
$222,732
SPOHLER BRUCE J
See Remarks, Director
Bought
Date
4 March 2026
Shares
15,019
Price
$14.83
Value
$222,732
GROSS MICHAEL S
See Remarks, Director
Bought
Date
3 March 2026
Shares
89,800
Price
$14.73
Value
$1m
SPOHLER BRUCE J
See Remarks, Director
Bought
Date
3 March 2026
Shares
89,800
Price
$14.73
Value
$1m

Date	Who	Did	Shares	Price	Value
10 September 2026	GROSS MICHAEL S See Remarks, Director	Bought	20,000	$12.35	$246,980
13 May 2026	GROSS MICHAEL S See Remarks, Director	Bought	10,000	$13.10	$131,000
12 May 2026	GROSS MICHAEL S See Remarks, Director	Bought	10,000	$13.09	$130,900
16 March 2026	GROSS MICHAEL S See Remarks, Director	Bought	10,452	$13.90	$145,283
13 March 2026	GROSS MICHAEL S See Remarks, Director	Bought	25,000	$13.91	$347,750
4 March 2026	GROSS MICHAEL S See Remarks, Director	Bought	15,019	$14.83	$222,732
4 March 2026	SPOHLER BRUCE J See Remarks, Director	Bought	15,019	$14.83	$222,732
3 March 2026	GROSS MICHAEL S See Remarks, Director	Bought	89,800	$14.73	$1m
3 March 2026	SPOHLER BRUCE J See Remarks, Director	Bought	89,800	$14.73	$1m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

What the business is worth, as a range, and the margin of safety at today’s price
Prices to start buying, buy, and buy hard
The three things that would make this a mistake
Every number footnoted to the filing it came from

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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.