
Q4 Platform Voted ‘Favorite New Product: Financial Services' in 2025 American Business Awards
'This honor is especially meaningful because it represents the voice of our most valued audience: our customers,' said Q4 CEO Darrell Heaps. 'We're proud of the impact our AI is having — helping IR teams cut through complexity, uncover insights faster, and focus on what matters most: driving stronger investor relationships and long-term company value. The award celebrates our customers' successes and underscores our commitment to continued AI innovation.'
More than 11,000 votes were cast in the People's Choice portion of the American Business Awards (ABAs) — honoring new solutions and services delivering real-world results.
This recognition also adds to Q4's strong showing at this year's ABAs. Expert judges named the Q4 Platform a winner for 'New Product: Financial Services' and 'New Technology: AI Solution: Financial' — calling it a 'game-changer' and 'impressive AI-driven solution that addresses the complexities of investor relations.'
Transforming IR with AI
These wins come as Q4 further demonstrates how its AI helps IR teams reimagine their workflows and supercharge results. This week at NIRI2025, the premier event for IR professionals, Q4 previewed its latest agentic AI innovation.
To learn more about how Q4's AI, purpose-built for IR, unleashes productivity and strengthens outcomes, please visit the Q4 site.
About Q4 Inc.
Q4 Inc. is the leading provider of IR Ops software with the world's largest set of proprietary investor data, purpose-built to remove obstacles between public companies and their investors. Q4 gives investor relations leaders, C-suite executives, and their teams the tools to attract, manage, and understand investors — all in one place. The AI-enabled Q4 Platform boasts applications for website and event management, engagement analytics, and overall lifecycle management, including AI Earnings Co-Pilot to generate draft scripts based on historical data, and AI earnings call summaries to understand peer sentiment. The Q4 Platform also includes a streamlined investor CRM and shareholder intelligence with enhanced metrics to elevate investor targeting strategies. Q4 delivers the data, insights, and workflows that give IR teams the power to focus on what really matters: strategy, relationships, and driving premium valuations for their companies.
Headquartered in Toronto, with offices in New York and London, Q4 is a trusted partner to more than 2,600 public companies globally, including many of the most respected brands in the world. The company maintains an award-winning culture where team members grow and thrive. Learn more at www.q4inc.com.
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Portfolio results, as of and for the three months ended June 30, 2025: Total assets $224.1mm Investment portfolio, at fair value $204.1mm Net assets $76.0mm Weighted average yield on debt investments, at fair market value (1) 10.57% Net asset value per share $5.27 Portfolio activity in the current quarter: Number of investments in new portfolio companies during the period 1 Number of portfolio companies invested in, end of period 43 Total capital invested in existing portfolio companies (2) $19.0mm Total proceeds from repayments, sales, and amortization (3) $10.2mm Net investment income before taxes (NII) $0.8mm Net investment income before taxes per share $0.06 Net decrease in net assets from operations ($0.4)mm Net decrease in net assets from operations per share ($0.03) Distributions paid per common share $0.12 (1) Represents average yield on total debt investments weighted by fair market value as of June 30, 2025. 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Capital Resources As of June 30, 2025, the Company had $17.3 million in cash, of which $14.4 million was restricted cash, and $29.5 million of unused and available capacity under its revolving credit facility with Capital One, N.A. Subsequent Events Subsequent to June 30, 2025 and through August 13, 2025, the Company invested a total of $0.2 million, at cost, which included investments in two existing portfolio companies. As of August 13, 2025, the Company had investments in 43 portfolio companies. On August 7, 2025, the Board declared a distribution for the quarter ended September 30, 2025 of $0.12 per share payable on October 9, 2025 to stockholders of record as of September 18, 2025, and a supplemental distribution of $0.02 per share, payable on October 9, 2025, to stockholders of record as of September 18, 2025. 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Investcorp Credit Management BDC, Inc. and Subsidiaries Consolidated Statements of Operations (unaudited) For the three months ended June 30, For the six months ended June 30, 2025 2024 2025 2024 Investment Income: Interest income Non-controlled, non-affiliated investments $ 3,778,683 $ 4,091,556 $ 7,266,885 $ 9,652,889 Non-controlled, affiliated investments (16,912 ) (16,919 ) (1,934 ) 11,911 Total interest income 3,761,771 4,074,637 7,264,951 9,664,800 Payment in-kind interest income Non-controlled, non-affiliated investments 342,127 747,479 762,015 1,361,244 Non-controlled, affiliated investments (243 ) 20,047 21,137 39,600 Total payment-in-kind interest income 341,884 767,526 783,152 1,400,844 Dividend income Non-controlled, non-affiliated investments — — 81,607 54,138 Non-controlled, affiliated investments — — — — Total dividend income — — 81,607 54,138 Payment in-kind dividend income Non-controlled, non-affiliated investments 231,057 204,298 452,742 402,421 Non-controlled, affiliated investments — — — — Total payment-in-kind dividend income 231,057 204,298 452,742 402,421 Other fee income Non-controlled, non-affiliated investments 210,487 72,858 331,511 215,205 Non-controlled, affiliated investments — — — — Total other fee income 210,487 72,858 331,511 215,205 Total investment income 4,545,199 5,119,319 8,913,963 11,737,408 Expenses: Interest expense 1,856,195 1,956,995 3,688,162 4,131,190 Base management fees 851,734 889,715 1,699,770 1,841,514 Income-based incentive fees (118,748 ) — (118,748 ) — Professional fees 277,287 257,800 618,570 612,734 Allocation of administrative costs from Adviser 227,874 241,918 481,897 467,774 Amortization of deferred debt issuance costs 153,824 152,590 307,648 305,181 Amortization of original issue discount - 2026 Notes 17,778 17,778 35,555 35,555 Insurance expense 126,009 127,768 246,511 253,534 Directors' fees 73,500 73,500 150,000 148,657 Custodian and administrator fees 74,000 101,236 148,237 169,267 Other expenses 243,714 118,556 283,887 497,962 Total expenses 3,783,167 3,937,856 7,541,489 8,463,368 Waiver of base management fees (72,026 ) (72,899 ) (146,169 ) (170,330 ) Waiver of income-based incentive fees — — — — Net expenses 3,711,141 3,864,957 7,395,320 8,293,038 Net investment income before taxes 834,058 1,254,362 1,518,643 3,444,370 Income tax expense (benefit), including excise tax expense 229,910 (54,740 ) 310,969 56,906 Net investment income after taxes $ 604,148 $ 1,309,102 $ 1,207,674 $ 3,387,464 Net realized and unrealized gain/(loss) on investments: Net realized gain (loss) from investments Non-controlled, non-affiliated investments $ 2,208,625 $ (1,828,530 ) $ 581,343 $ (1,860,514 ) Non-controlled, affiliated investments — — — (6,239,984 ) Net realized gain (loss) from investments 2,208,625 (1,828,530 ) 581,343 (8,100,498 ) Net change in unrealized appreciation (depreciation) in value of investments Non-controlled, non-affiliated investments (2,852,187 ) 1,221,420 527,662 2,311,028 Non-controlled, affiliated investments (394,884 ) (2,654,138 ) (544,685 ) 2,861,600 Net change in unrealized appreciation (depreciation) on investments (3,247,071 ) (1,432,718 ) (17,023 ) 5,172,628 Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments (1,038,446 ) (3,261,248 ) 564,320 (2,927,870 ) Net increase (decrease) in net assets resulting from operations $ (434,298 ) $ (1,952,146 ) $ 1,771,994 $ 459,594 Basic and diluted: Earnings per share $ (0.03 ) $ (0.14 ) $ 0.12 $ 0.03 Weighted average shares of common stock outstanding 14,419,405 14,401,118 14,416,218 14,399,035 Distributions declared per common share $ 0.12 $ 0.15 $ 0.24 $ 0.30 Expand About Investcorp Credit Management BDC, Inc. The Company is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least $50 million and earnings before interest, taxes, depreciation, and amortization of at least $15 million. The Company's investment activities are managed by its investment adviser, CM Investment Partners LLC. To learn more about Investcorp Credit Management BDC, Inc., please visit Forward-Looking Statements Statements included in this press release and made on the earnings call for the quarter ended June 30, 2025, may contain 'forward-looking statements,' which relate to future performance, operating results, events and/or financial condition. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'will,' 'may,' 'continue,' 'believes,' 'seeks,' 'estimates,' 'would,' 'could,' 'should,' 'targets,' 'projects,' and variations of these words and similar expressions are intended to identify forward-looking statements. Any forward-looking statements, including statements other than statements of historical facts, included in this press release or made on the earnings call are based upon current expectations, are inherently uncertain, and involve a number of assumptions and substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. Investors are cautioned not to place undue reliance on these forward-looking statements. Any such statements are likely to be affected by other unknowable future events and conditions, which the Company may or may not have considered, including, without limitation, changes in base interest rates and the effects of significant market volatility on our business, our portfolio companies, our industry and the global economy. Accordingly, such statements cannot be guarantees or assurances of any aspect of future performance or events. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors and risks. More information on these risks and other potential factors that could affect actual events and the Company's performance and financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or discussed on the earnings call, is or will be included in the Company's filings with the Securities and Exchange Commission, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of the Company's Transition Report on Form 10-KT and Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.