CSWC — what changed in the latest 10-Q
A section-by-section comparison of CSWC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-03 vs the prior 10-Q · 2026-02-02
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −53 | ~46 | 25 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 4 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | +1 | 0 | ~1 | 0 |
| Other information | Text added/removed | +3 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-03
The total fair value of our investment portfolio was $2,202.3 million as of June 30, 2026, as compared to $2,097.4 million as of March 31, 2026. As of June 30, 2026, we had investments in 141 portfolio companies with an aggregate cost of $2,234.6 million. As of March 31, 2026, we had investments in …
Debt investments, at fair value, bearing a floating rate$1,912.4 $1,830.3
Percentage of floating rate debt subject to contractual minimum interest rates100.0 %100.0 %
Debt investments, at fair value, bearing a fixed rate$87.5 $86.2
The following table provides a summary of CapTrin's investments in portfolio companies as of June 30, 2026:
Text removed vs the prior filing · source: 10-Q · 2026-02-02
In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures," which was issued to enhance the transparency and decision usefulness of income tax disclosures, including an annual requirement to (1) disclose specific categories in the rate reconcili…
In December 2025, the FASB issued ASU 2025-11, "Interim Reporting (Topic 270): Narrow-Scope Improvements," which clarifies the form and content of interim financial statements, adds a comprehensive list of required interim disclosures, and provides a disclosure principle for condensed interim financ…
The total fair value of our investment portfolio was $2,013.2 million as of December 31, 2025, as compared to $1,785.3 million as of March 31, 2025. As of December 31, 2025, we had investments in 132 portfolio companies with an aggregate cost of $2,031.2 million. As of March 31, 2025, we had investm…
Debt investments, at fair value, bearing a floating rate$1,739.7 $1,562.3
Percentage of floating rate debt subject to contractual minimum interest rates100.0 %99.1 %
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-03
While we currently are not subject to any pending or threatened litigation or proceedings under the Supplemental Indenture relating to the assertion made by certain holders of our 2029 Convertible Notes (as described under Item 5. Other Information), we may in the future become subject to litigation…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-03
Starting in July 2025, the Company began paying its regular, quarterly dividend in three equal installments of $0.1934 per share in July, August and September 2025. The Board has continued this practice each quarter since July of 2025. In each case, the Board declared a regular dividend of $0.58 per…
The Company believes such claims are wrong as a matter of contract language, wrong as a matter of commercial logic and an attempt to extract excess value not due to noteholders under the Supplemental Indenture. To protect the holders of the 2029 Convertible Notes from the dilutive effect of dividend…
The information disclosed herein shall be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall be deemed incorporated by reference into the Company’s filings made under the Securities Act of 1933, as amended.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice