XAI Floating Rate & Alternative Income Trust (XFLT)
Operating as a diversified, closed-end investment trust, XAI Octagon Floating Rate & Alternative Income Term Trust focuses its capital allocation on a dynamically managed portfolio. This portfolio primarily comprises floating-rate credit instruments and various other structured credit investments sourced from private markets. The Trust was established on September 27, 2017, and maintains its headquarters in Chicago, Illinois.
Industry: Asset Management - Income
XAI Octagon Floating Rate & Alternative Income Term Trust
NYSE:XFLTFinancial Services · Asset Management - Income
+0.06%$16.46
AH Close$16.46+0.00%vs close
AH Close$16.46+0.00%vs close
Mkt Cap$250.7M
Float4.76M
O/S15.23M
Inst Own30.2%
SI6.3%
Div Yield19.29%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$32.48M
Net Income$9.88M
Total Assets$738.6M
Free Cash Flow$42.5M
Debt & Equity
Debt 31%
Equity 69%
Total Debt$201.28M
Total Equity$445.25M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:5
Nasdaq bars a compliance period at 1:250
- 1:5Reverse splitMar 23, 20265 shares → 1
Balance Sheet Details
Assets$738.6M
Liabilities$293.35M
Accounts Receivable$13.21M
Accounts Payable$25.74M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
| Revenue | $32.48M | $57.7M | $46.23M | $39.59M | $38.37M | $5.92M | -$3.87M | $4.61M |
| YoY Growth | -43.7% | 24.8% | 16.8% | 3.2% | 548.4% | -252.9% | -184.0% | - |
| Cost of Revenue | $12.94M | $12.19M | $7.67M | $8.4M | $4.82M | $2.92M | $2.03M | $0 |
| Gross Profit | $19.55M | $57.7M | $53M | $31.19M | $33.56M | $3M | -$5.9M | $4.61M |
| Gross Margin | 60.2% | 100.0% | 114.6% | 78.8% | 87.4% | 50.7% | 152.4% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.41M | $2.17M | $1.7M | $1.44M | $1.37M | $1.28M | $1.03M | $890K |
| Other | $7.25M | $6.67M | $4.67M | $4.12M | $1.52M | $339K | -$458K | -$301K |
| Total Operating Expenses | $9.66M | $8.84M | $6.37M | $5.56M | $2.89M | $1.62M | $574K | $588K |
| Operating Income (EBIT) | $9.88M | $66.41M | $57.91M | -$30.7M | $37.48M | -$10.06M | -$4.44M | $5.33M |
| Operating Margin | 30.4% | 115.1% | 125.3% | -77.5% | 97.7% | -169.9% | 114.8% | 115.6% |
| Interest Expense | $12.94M | $12.19M | $7.67M | $2.83M | $961K | $955K | $1.49M | $1.31M |
| Interest Income | $86.15M | $85.76M | $56.73M | $41.2M | $21.6M | $13.24M | $11.58M | $8.98M |
| Other Income (Expense) | -$18.55M | -$17.54M | -$11.28M | -$5.99M | -$2M | -$955K | $0 | $0 |
| Income Before Tax (EBT) | $9.88M | $48.86M | $46.63M | -$36.68M | $35.48M | -$11.01M | -$4.44M | $4.02M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K |
| Net Income | $9.88M | $48.86M | $46.63M | -$36.68M | $35.48M | -$11.01M | -$4.44M | $4.02M |
| Net Income Margin | 30.4% | 84.7% | 100.8% | -92.6% | 92.5% | -186.0% | 114.8% | 87.2% |
| Supplementary Data | ||||||||
| EPS | 0.65 | 5.05 | 6.10 | -5.45 | 10.85 | -4.25 | -2.30 | 2.40 |
| Diluted EPS | 0.65 | 5.05 | 6.10 | -5.45 | 10.85 | -4.25 | -2.30 | 2.40 |
| Weighted Average OS | 15.23M | 9.68M | 7.64M | 6.73M | 3.27M | 2.59M | 1.91M | 1.67M |
| EBITDA | $9.88M | $66.41M | $57.91M | -$30.47M | $37.72M | -$10.06M | -$4.44M | $0 |
| EBITDA Margin | 30.4% | 115.1% | 125.3% | -77.0% | 98.3% | -169.9% | 114.8% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $6.91M | $7.9M | $1.21M | $1.13M | $4.72M | $1.26M | $460K | $495K | $71.15M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6.91M | $7.9M | $1.21M | $1.13M | $4.72M | $1.26M | $460K | $495K | $71.15M |
| Accounts Receivable | $13.21M | $21.13M | $20.91M | $13.64M | $3.82M | $1.33M | $7.09M | $7.27M | $9K |
| Inventory | $0 | $0 | $33.08M | $18.08M | $32.55M | $4.94M | $13.93M | $0 | $0 |
| Other Current Assets | -$28.33M | -$21.61M | -$33.08M | -$18.08M | -$32.55M | -$4.94M | -$13.93M | $0 | $0 |
| Total Current Assets | $20.77M | $7.9M | $22.13M | $14.77M | $8.54M | $2.59M | $7.55M | $7.77M | $71.16M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $709.59M | $770.88M | $520.52M | $389.56M | $383.85M | $121.79M | $123.41M | $120.87M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $8.24M | $0 | $0 | $0 | $0 | $0 | $0 | -$120.87M | $0 |
| Total Long-Term Assets | $717.83M | $770.88M | $520.52M | $389.56M | $383.85M | $121.79M | $123.41M | $120.87M | $0 |
| Other Assets | $738.6M | $21.7M | $443K | $650K | $289K | $124.44M | $141K | $0 | $0 |
| Total Assets | $738.6M | $800.48M | $543.1M | $404.98M | $392.67M | $124.44M | $131.1M | $128.64M | $71.16M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $25.74M | $57.38M | $36.06M | $15.5M | $36.25M | $3.31M | $13.09M | $10.21M | $23K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $35.6M | $38.94M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $77K | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | -$32.29M | -$25.85M | $0 | $0 |
| Other Current Liabilities | $0 | -$1.57M | $0 | -$755K | -$618K | -$3.74M | -$13.36M | -$287K | -$23K |
| Total Current Liabilities | $25.74M | $57.38M | $37.15M | $15.5M | $36.25M | $3.31M | $13.09M | $10.21M | $23K |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $201.28M | $203.92M | $150.27M | $112.84M | $97.83M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $66.33M | $82.25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $267.62M | $286.17M | $150.27M | $112.84M | $97.83M | $35.6M | $38.94M | $38.75M | $0 |
| Other Liabilities | $266.07M | $284.61M | $58.49M | $49.84M | $40.03M | $39.45M | $367K | $353K | $171K |
| Total Liabilities | $293.35M | $343.55M | $244.82M | $178.18M | $174.11M | $39.45M | $52.4M | $49.31M | $171K |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $547.79M | $503.59M | $350.94M | $289.2M | $217.81M | $113.48M | $89.58M | $79.1M | $71.01M |
| Retained Earnings | -$102.54M | -$46.67M | -$52.65M | -$62.4M | $749K | -$28.49M | -$10.87M | $220K | -$17K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $445.25M | $456.92M | $298.28M | $226.8M | $218.56M | $84.99M | $78.71M | $79.32M | $70.99M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $738.6M | $800.48M | $543.1M | $404.98M | $392.67M | $124.44M | $131.1M | $128.64M | $71.16M |
| Supplementary Data | |||||||||
| Total Debt | $201.28M | $284.61M | $150.27M | $112.84M | $97.83M | $35.6M | $38.94M | $38.75M | $0 |
| Net Debt | $194.38M | -$7.9M | $149.05M | $111.71M | $93.11M | $34.33M | $38.48M | $38.25M | -$71.15M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
| Operating Activities | ||||||||
| Net Income | $9.88M | $48.86M | $46.63M | -$36.68M | $35.48M | -$11.01M | -$4.44M | $4.02M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $7.91M | -$614K | -$6.52M | -$10.04M | -$2.28M | $5.64M | $297K | $0 |
| Inventory | $0 | $0 | $0 | -$102K | $0 | $0 | $0 | $0 |
| Accounts Payable | -$32.33M | $18.97M | $18.87M | -$21.15M | $31.77M | -$9.62M | $3.02M | $0 |
| Other Working Capital | $1.06M | $606K | $660K | -$685K | $809K | -$69K | -$250K | $0 |
| Total Working Capital Change | -$23.36M | $18.62M | $13M | -$31.98M | $30.29M | -$4.05M | $3.07M | $2.7M |
| Other Non-Cash Items | $68.51M | -$249.46M | -$130.81M | -$5.28M | -$261.71M | $1.59M | -$2.45M | -$120.78M |
| Net Cash from Operating | $55.04M | -$181.98M | -$71.18M | -$73.94M | -$195.94M | -$13.47M | -$3.82M | -$114.05M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$558.83M | -$584.87M | -$237.56M | -$219.12M | -$297.31M | -$98.83M | -$118.19M | $0 |
| Sales of Investments | $530.42M | $329.1M | $120.53M | $115.79M | $73.76M | $71.99M | $108.19M | $0 |
| Other Investing Activities | $0 | $255.77M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$28.41M | -$255.77M | -$117.03M | -$103.33M | -$223.55M | -$26.83M | -$10M | $0 |
| Financing Activities | ||||||||
| Debt Repaid | $2.05M | -$53.7M | -$37.2M | -$15M | -$62.5M | $3.31M | -$100K | -$38.66M |
| Common Stock Issuance | $11.12M | $128.41M | $57.47M | $70.63M | $112.76M | $27.27M | $11.06M | $10.66M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$65.68M | -$49.08M | -$32.24M | -$24.49M | -$13.72M | -$9.26M | -$7.17M | -$5.75M |
| Other Financing Activities | -$1.88M | -$169K | $198K | -$327K | -$847K | -$419K | -$204K | -$167K |
| Net Cash from Financing | -$43.49M | $188.66M | $71.26M | $70.35M | $199.39M | $14.27M | $3.79M | $43.4M |
| Forex Effect | $0 | $0 | $346K | $103.33M | $223.55M | $26.83M | $10M | $0 |
| Net Change in Cash | -$987K | $6.68M | $87K | -$3.59M | $3.45M | $803K | -$35K | -$70.66M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $42.5M | -$181.98M | -$71.18M | -$73.94M | -$195.94M | -$13.47M | -$3.82M | -$114.05M |
| Capital Expenditure | $3 | -$4 | $0 | $0 | $4 | $4 | $0 | $0 |
| Free Cash Flow | $42.5M | -$181.98M | -$71.18M | -$73.94M | -$195.94M | -$13.47M | -$3.82M | -$114.05M |
| Cash at Beginning | $7.9M | $1.21M | $1.13M | $4.72M | $1.26M | $460K | $495K | $71.15M |
| Cash at End | $6.91M | $7.9M | $1.21M | $1.13M | $4.72M | $1.26M | $460K | $495K |