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Private company

NexPoint Capital, Inc.

NexPoint Capital, Inc. is a fund registered in the United States, based in Dallas, active since 2013.2

Last updated Oct 21, 2026.

Overview

-$3.9MNet income, fiscal 20253
  • HeadquartersDallas, United States2
  • Incorporated inDE4
  • Business address300 Crescent Court, Suite 700, Dallas, Tx 752014
  • Filer categoryNon-accelerated filer4
  • Legal formCorporation2
  • Kind of organizationFund2
  • LEI549300HWXCXEDNWPCU492
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 54068002

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The Company issued 21,739.13 LLC units to NexPoint Advisors, L.P. (the “Adviser”) on May 27, 2014 (initial fund-raising date), at $9.20 per share for $200,000 in total proceeds. On June 10, 2014, the Company converted to a Delaware corporation, NexPoint Capital, Inc. As part of the conversion to a Delaware corporation, the member of the Company converted 21,739.13 LLC units into 21,739.13 shares of the Company’s common stock, representing an equivalent price of $9.20 per share based on the fair value of the assets contributed by the Adviser in connection with the formation of the Company, as determined by the board of directors (the “Board”) at the time of the conversion.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-10.5%Return on equity3

Financial statements

Net income6738-$3.9M in 2025
-$5.0M-$2.5M0$2.5M$5.0M$7.5M2021: $5.7M$5.7M20212022: -$4.1M-$4.1M20222023: $1.5M$1.5M20232024: -$1.1M-$1.1M20242025: -$3.9M-$3.9M2025+259%
Fiscal year20212022202320242025
Operating expenses$2.5M6$2.3M7$2.1M3$2.1M3$1.9M3
Interest$011$011
Income tax$47.7K3$47.7K7$1.4K3
Net income$5.7M6-$4.1M7$1.5M3-$1.1M8-$3.9M3
Earnings per share$0.566-$0.417$0.153$0.223-$0.453
Earnings per share (diluted)$0.566-$0.417$0.153$0.223-$0.453
Shares (weighted, basic)10.3M shares69.9M shares79.5M shares39.1M shares38.6M shares3
Shares (weighted, diluted)10.3M shares69.9M shares79.5M shares39.1M shares38.6M shares3

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What it owns

What NexPoint Capital, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$352.4K3 Dec 31, 2025$1.7M3 Dec 31, 2024−78.9%

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operation. Our headquarters are located at 300 Crescent Court, Suite 700, Dallas, Texas 75201. We believe that our office facilities are suitable and adequate for our business as it is presently conducted.

Item 2 of the 10-K filed Mar 31, 2026.5

Leadership

Who has led NexPoint Capital, Inc., and when. Pick a name to see everywhere that person has worked.

President

  1. James D. Dondero2014–2015

Chief financial officer

  1. Brian Mitts2014
201520202025
Board members and other officers (14)

Former names

  • NexPoint Capital, LLCOct 3, 2013 to May 20, 20144

Timeline

  1. Oct 13, 20268-K Results of operations; Other events30
  2. Sep 25, 20268-K Other events31
  3. Sep 15, 20268-K Other events32
  4. Aug 21, 20268-K Other events33
  5. Jul 14, 20268-K Results of operations; Other events34
  6. Jun 18, 20268-K Other events35
  7. Jun 4, 20268-K Other events36
  8. May 21, 20268-K Other events37
  9. Apr 13, 20268-K Results of operations; Other events38
  10. Mar 27, 20268-K Other events39
  11. Mar 11, 20268-K Other events40
  12. Feb 24, 20268-K Other events41
  13. Sep 30, 2013Founded NexPoint Capital, Inc. is founded2

Calendar

Coming up

  1. Around Jan 12, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 13, 2026Reported quarterly or annual results30
  2. Jul 14, 2026Reported quarterly or annual results34
  3. Apr 13, 2026Reported quarterly or annual results38
  4. Jan 16, 2026Reported quarterly or annual results42
  5. Oct 8, 2025Reported quarterly or annual results43
  6. Jul 10, 2025Reported quarterly or annual results44
  7. Apr 18, 2025Reported quarterly or annual results45
  8. Jan 29, 2025Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

168 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 94 major events, 3 insider forms, 49 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Sep 28, 2026SC TO-I/A EDGAR
  3. Sep 25, 20268-K EDGAR
  4. Sep 15, 20268-K EDGAR
  5. Aug 21, 2026SC TO-I EDGAR
  6. Aug 21, 20268-K EDGAR
  7. Aug 19, 2026APP WDG EDGAR
  8. Aug 14, 202610-Q EDGAR
  9. Jul 14, 20268-K EDGAR
  10. Jun 23, 2026SC TO-I/A EDGAR
  11. Jun 18, 20268-K EDGAR
  12. Jun 4, 20268-K EDGAR
  13. May 21, 20268-K EDGAR
  14. May 15, 2026SC TO-I EDGAR
  15. May 14, 202610-Q EDGAR
  16. May 6, 2026DEF 14A NEXPOINT CAPITAL, INC. EDGAR
  17. Apr 13, 20268-K EDGAR
  18. Apr 7, 202610-K/A EDGAR
  19. Mar 31, 202610-K EDGAR
  20. Mar 27, 2026SC TO-I/A EDGAR

The 168 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How NexPoint Capital, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNexPoint Capital, Inc.1
  • CIK0001588272
  • Employer ID (EIN)38-39264995
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Business address300 Crescent Court, Suite 700, Dallas, TX 752011
  • Phone214-276-63001
  • Shares outstanding8,295,947 as of Jun 30, 20269
  • Public float$0 as of Dec 31, 202513
  • AuditorCohen & Company, LTD, Cleveland, Ohio, Unites States PCAOB ID 925; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceOct 3, 20131
  • Filings593 in all: 8-K (251), 497 (73), SC TO-I/A (50), SC TO-I (44), 10-Q (37), 3 (17), CORRESP (14), 40-17G (13)1
    All 39 form types

    10-K (12), DEF 14A (12), 4 (7), 40-17G/A (7), POS 8C (7), 8-K/A (5), EFFECT (5), N-2/A (5), 40-APP/A (4), 40-APP (3), SC 13D/A (3), 3/A (2), APP NTC (2), N-2 (2), POS EX (2), 10-K/A (1), 10-Q/A (1), 8-A12G (1), APP ORDR (1), APP WD (1), APP WDG (1), ARS (1), D (1), DEFA14A (1), DEFR14A (1), DRS (1), DRS/A (1), N-54A (1), N-6F (1), NT 10-K (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) May 6, 2026
    Latest 8-K (8-K) Oct 13, 2026

Risk factors and legal proceedings

The risks NexPoint Capital, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 70 risks under these headings, as written.5

  • Risks Relating to our Business and Structure
  • Operating under the constraints imposed on us as a BDC and RIC may hinder the achievement of our investment objective.
  • We depend upon key personnel of the Adviser and its affiliates.
  • If our Adviser is unable to manage our investments effectively, we may be unable to achieve our investment objective.
  • The highly competitive market for investment opportunities in which we operate may limit our investment opportunities.
  • The global capital markets are in a period of disruption and instability. These market conditions materially and adversely affected debt and equity capital markets in the United States and abroad, which could have a negative impact on our business, financial condition and results of operations.
  • We have elected to be treated as a RIC and intend each year to qualify and to be eligible to be treated as such. If we fail to qualify for treatment as a RIC, we will, among other things, be subject to corporate-level income tax.
  • Our distributions may exceed our net investment income. As a result, portions of the distributions that we make may represent a return of capital to you for tax purposes, which will lower your tax basis in your shares and reduce the amount of funds we have available for investment in targeted assets.
  • We may have difficulty paying our required distributions if we recognize income before or without receiving cash representing such income.
  • We may retain a portion of our earnings and be subject to excise tax on such earnings.
  • Potential tax consequences if we were not a “publicly offered” RIC
  • If we make loans to borrowers that include PIK interest or accretion of original issue discount provisions, this could increase the risk of default by our borrowers.
The other 59 risks
  • Any PIK interest payments we receive will increase our assets under management and, as a result, will increase the amount of base management fees payable by us to our Adviser.
  • Regulations governing our operation as a BDC will affect our ability to raise, and the way in which we raise, additional debt or equity capital.
  • Senior Securities.
  • Additional Common Stock.
  • If we enter into securitization transactions, we may be subject to additional risks.
  • We intend to finance our investments with borrowed money, which will magnify the potential for gain or loss on amounts invested and may increase the risk of investing in us.
  • We may enter into reverse repurchase agreements, which are another form of leverage.
  • We are exposed to risks resulting from the current low interest rate environment.
  • When interest rates increase, floating rate interest rate reset features on debt instruments may make it more difficult for borrowers to repay their loans, and separately, will make it easier for the Adviser to meet its income incentive fee threshold without any additional effort.
  • Any failure on our part to maintain our status as a BDC would reduce our operating flexibility.
  • Since we intend to use debt to finance our investments, and we may use debt financing, changes in interest rates may affect our cost of capital and net investment income.
  • There are significant potential conflicts of interest that could affect our investment returns.
  • There are conflicts of interest related to the obligations of the Adviser or its affiliates to other clients.
  • Our management and incentive fee structure may create incentives for our Adviser that are not fully aligned with the interests of our stockholders and may induce our Adviser to make speculative investments.
  • The Investment Advisory Agreement and the Administration Agreement with the Adviser were not negotiated on an arm’s length basis and may not be as favorable to us as if they had been negotiated with an unaffiliated third party.
  • Our ability to enter into transactions with our affiliates will be restricted, which may limit the scope of investments available to us.
  • The Adviser may be entitled to receive substantial compensation from us if we consummate a liquidity event, which could negatively impact our investment returns.
  • Because we expect to distribute substantially all of our ordinary income and net realized capital gains to our stockholders, we will need additional capital to finance our growth and such capital may not be available on favorable terms, or at all.
  • The valuation process for certain of our portfolio holdings creates a conflict of interest.
  • Many of our portfolio investments will be recorded at fair value as determined in good faith by the Adviser, as the Company’s valuation designee. As a result, there will be uncertainty as to the value of our portfolio investments.
  • We may experience fluctuations in our quarterly results.
  • Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
  • The Board may change our investment objective, operating policies and strategies without prior notice or stockholder approval.
  • We will incur significant costs as a result of being a public company.
  • Provisions of the General Corporation Law of the State of Delaware and our certificate of incorporation and bylaws could deter takeover attempts and have an adverse effect on the price of our common stock.
  • Our Adviser can resign on 120 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • We depend on information systems, and systems failures could significantly disrupt our business, which may, in turn, negatively affect our ability to pay dividends to our stockholders.
  • If we internalize our management functions, your interest in us could be diluted, and we could incur other significant costs associated with being self-managed.
  • We, through our investment in a REIT Subsidiary, may be subject to the risks associated with investing in real estate-related securities.
  • Risks Related to our Investments
  • Our investments may be risky, and you could lose all or part of your investment.
  • Secured Loans.
  • Mezzanine Loans
  • Derivative Transactions
  • Equity Investments.
  • We are subject to risks associated with middle-market companies.
  • Our portfolio may be concentrated in a limited number of portfolio companies, industries and/or sectors which will subject us to a risk of significant loss if any of these companies defaults on its obligations under any of its debt instruments or if there is a downturn in a particular industry or sector.
  • The lack of liquidity in our investments may adversely affect our business
  • Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our net asset value through increased net unrealized depreciation.
  • The Adviser may effectuate short sales that subject us to unlimited loss potential.
  • Our investments in the healthcare industry are subject to numerous risks, including competition, extensive government regulation and commercial difficulties.
  • Changes in healthcare laws and other regulations applicable to some of our portfolio companies’ businesses may constrain their ability to offer their products and services.
  • We may hold the debt securities of leveraged companies that may, due to the significant volatility of such companies, enter into bankruptcy proceedings.
  • We may be subject to risks associated with syndicated loans.
  • Our investments in CLOs may be riskier and less transparent to us and our stockholders than direct investments in the underlying companies.
  • Our financial results may be affected adversely if one or more of our equity or mezzanine debt investments in a CLO vehicle defaults on its payment obligations or fails to perform as we expect.
  • Certain tax consequences of our investments
  • We may not realize gains from our equity investments.
  • Because we may not hold controlling equity interests in our portfolio companies, we may not be in a position to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies that could decrease the value of our investments.
  • Defaults by issuers of our holdings will harm our operating results.
  • Our Adviser’s liability will be limited under the Investment Advisory Agreement, and we have agreed to indemnify our Adviser against certain liabilities, which may lead our Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • We may be obligated to pay our Adviser incentive compensation even if we incur a net loss due to a decline in the value of our portfolio.
  • We may not apply or be approved for an SBIC license.
  • Our portfolio companies may prepay loans, which prepayment may reduce our yields if capital returned cannot be invested in transactions with equal or greater expected yields.
  • The disposition of our investments may result in contingent liabilities.
  • We may expose ourselves to risks if we engage in hedging transactions.
  • Investments in securities of foreign companies, if any, may involve significant risks in addition to the risks inherent in U.S. investments.
  • We may invest in foreign sovereign debt and the foreign governmental issuers of debt of the governmental authorities that control repayment of the debt may be unable or unwilling to repay principal or pay interest when due.
  • We are not obligated to complete a liquidity event by a specified date; therefore, it will be difficult for an investor to sell his or her shares.
  • We intend to offer to repurchase your shares on a quarterly basis. Only a limited number of shares will be repurchased, however, and, to the extent you are able to sell your shares under the repurchase program, you may not be able to recover the amount of your investment in those shares.
  • The timing of our repurchase offers pursuant to our share repurchase program may be at a time that is disadvantageous to our stockholders.
  • There is a risk that you may not receive distributions or that our distributions may not grow over time.
  • We may allocate the net proceeds from the offering in ways with which you may not agree.

Legal proceedings

Although we may, from time to time, be involved in litigation arising out of our operations in the normal course of business or otherwise, neither the Company nor any of its subsidiaries is currently a party to any pending material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against the Company or against its subsidiaries.

The opening of Item 3, Legal Proceedings.5

Sources

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