PIMCO Access Income Fund (PAXS)
The PIMCO Access Income Fund (PAXS) is a closed-end mutual fund specializing in fixed-income investments, actively managed by Pacific Investment Management Company LLC. This fund focuses on global fixed income markets, building a portfolio primarily from a diverse range of debt instruments. These include corporate bonds, mortgage-backed and other asset-backed securities, government and sovereign obligations, as well as taxable municipal bonds. The fund also allocates capital to various floating-rate, income-generating securities across different maturities. To identify these investments, PIMCO employs a robust security selection methodology that integrates both bottom-up and top-down fundamental analysis. The PIMCO Access Income Fund is legally established in the United States.
Industry: Asset Management - Income
PIMCO Access Income Fund
NYSE:PAXSFinancial Services · Asset Management - Income
-0.93%$12.83
AH Close$12.83+0.00%vs close
AH Close$12.83+0.00%vs close
Mkt Cap$604.96M
Float47.02M
O/S47.15M
Inst Own26.3%
SI0.2%
Div Yield13.97%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$78.14M
Net Income$57.13M
Total Assets$1.18B
Free Cash Flow$85.51M
Debt & Equity
Debt 38%
Equity 62%
Total Debt$427.6M
Total Equity$693.54M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PAXS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.18B
Liabilities$487.19M
Accounts Receivable$0
Accounts Payable$41.34M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Revenue | $78.14M | $115.06M | $117.99M | $22.33M | -$101.45M |
| YoY Growth | -32.1% | -2.5% | 428.4% | -122.0% | - |
| Cost of Revenue | $20.9M | $25.7M | $31.81M | $26.42M | $968K |
| Gross Profit | $57.24M | $89.36M | $86.18M | -$4.09M | -$102.42M |
| Gross Margin | 73.3% | 77.7% | 73.0% | -18.3% | 101.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $107K | $102K | $79K | $92K | $56K |
| Other | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $107K | $102K | $79K | $92K | $56K |
| Operating Income (EBIT) | $57.13M | $89.26M | $86.1M | -$4.18M | -$102.48M |
| Operating Margin | 73.1% | 77.6% | 73.0% | -18.7% | 101.0% |
| Interest Expense | $20.9M | $25.7M | $31.81M | $26.42M | $968K |
| Interest Income | $101.7M | $101.09M | $98.91M | $119.97M | $25.41M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $57.13M | $89.26M | $86.1M | -$4.18M | -$102.48M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 |
| Net Income | $57.13M | $89.26M | $86.1M | -$4.18M | -$102.48M |
| Net Income Margin | 73.1% | 77.6% | 73.0% | -18.7% | 101.0% |
| Supplementary Data | |||||
| EPS | 0.00 | 2.01 | 1.95 | -0.09 | -2.33 |
| Diluted EPS | 0.00 | 2.01 | 1.95 | -0.09 | -2.33 |
| Weighted Average OS | 0 | 44.41M | 44.15M | 46.43M | 43.98M |
| EBITDA | $57.13M | $89.26M | $86.1M | -$4.18M | -$102.48M |
| EBITDA Margin | 73.1% | 77.6% | 73.0% | -18.7% | 101.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $2.69M | $2.81M | $0 | $6.87M | $3.35M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.69M | $2.81M | $0 | $6.87M | $3.35M |
| Accounts Receivable | $0 | $21.67M | $26.9M | $46.69M | $37.38M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | -$14.12M | $599K |
| Total Current Assets | $2.69M | $24.48M | $26.9M | $53.56M | $68.88M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $5.56M | $3.15M | $3.6M | $1.2B | $1.25B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.17B | $1.17B | $1.19B | $1.24B | $1.29B |
| Total Long-Term Assets | $1.18B | $1.17B | $1.19B | $1.2B | $1.25B |
| Other Assets | $0 | $0 | $0 | $14.12M | $0 |
| Total Assets | $1.18B | $1.19B | $1.22B | $1.27B | $1.32B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $41.34M | $17.81M | $44.47M | $92.95M | $131.74M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $238K | $1K | $1K | $2K | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | -$2.85M | -$4.71M |
| Total Current Liabilities | $47.33M | $17.81M | $44.47M | $92.95M | $131.74M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $427.6M | $456.95M | $496.23M | $512.26M | $421.29M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $12.26M | $23.27M | $17.38M | $4.64M | $12.03M |
| Total Long-Term Liabilities | $439.86M | $480.22M | $513.61M | $512.26M | $433.32M |
| Other Liabilities | $0 | $0 | $0 | $7.49M | $0 |
| Total Liabilities | $487.19M | $498.03M | $558.08M | $612.7M | $565.06M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$207.94M | -$189.84M | -$204.9M | -$226.06M | -$123.01M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $901.49M | $884.71M | $867.53M | $879.95M | $879.66M |
| Total Equity | $693.54M | $694.86M | $662.63M | $653.89M | $756.65M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.18B | $1.19B | $1.22B | $1.27B | $1.32B |
| Supplementary Data | |||||
| Total Debt | $427.6M | $456.95M | $496.23M | $512.26M | $421.29M |
| Net Debt | $424.91M | $454.14M | $496.23M | $505.39M | $417.94M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Operating Activities | |||||
| Net Income | $57.13M | $89.26M | $86.1M | -$4.18M | -$102.48M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$15.49M | $5.24M | $19.79M | -$9.31M | -$37.38M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $8.33M | -$27.3M | -$35.23M | -$31.42M | $110.15M |
| Total Working Capital Change | -$7.16M | -$22.06M | -$15.45M | -$40.73M | $72.77M |
| Other Non-Cash Items | $35.53M | $33.13M | $15.9M | $53.75M | -$1.25B |
| Net Cash from Operating | $85.51M | $100.32M | $86.55M | $8.85M | -$1.28B |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||
| Debt Repaid | $27.42M | $40.69M | $16.08M | -$91.21M | -$421.29M |
| Common Stock Issuance | $19.93M | $17.34M | $0 | $0 | $866.1M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$78.14M | -$74.15M | -$77.34M | -$97.14M | -$15.4M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $13.56M |
| Net Cash from Financing | -$85.63M | -$97.5M | -$93.42M | -$5.93M | $1.29B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$127K | $2.81M | -$6.87M | $2.92M | $3.95M |
| Supplementary Data | |||||
| Operating Cash Flow | $85.51M | $100.32M | $86.55M | $8.85M | -$1.28B |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $85.51M | $100.32M | $86.55M | $8.85M | -$1.28B |
| Cash at Beginning | $2.81M | $0 | $6.87M | $3.95M | $0 |
| Cash at End | $2.69M | $2.81M | $0 | $6.87M | $3.95M |