Flow Capital Corp. (FW) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Flow Capital's Q1 2026 earnings call. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time. If anyone has difficulty hearing the conference, you may press star zero for an operator assistance at any time. Thank you so much for joining us. Today's call is being recorded on Tuesday, May 12, 2026, and I would now like to turn the meeting over to Alex Baluta, Chief Executive Officer of Flow Capital. Please go ahead. Thank you, Operator. One clarification, this is our Q1 2026, although, as the Operator said, you can find our results for all prior quarters filed on CDAR or on our website. Thank you, everybody, for joining. I expect this will be a very short call. Happy to announce Continued growth in Q1 2026. Highlights include a 21% revenue increase to $3.5 million, up from $2.9. A 4% increase in recurring free cash flow to just under $900,000, up from $850,000 a year ago. An 8% increase in recurring free cash flow per share to $0.03 a share. 27% increase in total investment assets to $80.3 million. That's up from $63.4 a year ago and up from $73.5 in December. And a 6% increase in book value from a year ago, now at $1.29 versus $1.22 a year ago, and also up from $1.275 in December. Additionally, during the quarter, we made $6.5 million of new investments, which compares to $3.2 million a year ago. All in all, it was another strong quarter. We're well into our sixth year of profitability of every quarter. Free cash flow is hitting almost $900,000 in a quarter. and things continue to be on track for us. I do want to make a couple of comments on the environment. I made some of these comments in our Q4 cal...