Wed, May 14, 6:45 PM (33 days ago)
**Venture Lending & Leasing IX, Inc. (VLLIX) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $3.1 million (down 71.4% YoY) - **Profit Margins:** Net investment income margin was 4.63% (down from 14.99% YoY) - **Cash Flow:** Positive operating cash flow of $19.4 million (down from $50.5 million YoY) - **Earnings Changes:** Net decrease in net assets of $1.9 million (down from $2.1 million increase YoY) - **Quarterly Performance:** Decreased loan portfolio and higher non-performing loans impacted earnings **Key Metrics & Trends:** - **Loan Portfolio:** Fair value decreased to $129.8 million (down from $151.1 million) - **Non-Accrual Loans:** $107.5 million in non-accrual loans (up from $95.5 million) - **Debt Facility:** Outstanding balance of $21.5 million (down from $39.5 million) - **Liquidity:** $7.3 million in cash and cash equivalents (up from $5.1 million) **Uncertainties & Future Operations:** - **Economic Factors:** Global economic conditions, interest rate volatility, and inflation may impact borrowers' ability to repay loans - **Credit Risk:** Increased credit risk due to non-performing loans and economic uncertainties - **Liquidity:** Sufficient liquidity to meet operational needs, but depends on loan repayments and access to debt facility **Management Discussion:** - **Strategy:** Focus on debt financing to venture-backed companies, with a diverse portfolio across various industries - **Risks:** Credit risk, interest rate risk, and economic uncertainties pose challenges to the loan portfolio and earnings - **Outlook:** Continued focus on risk management, monitoring credit quality, and maintaining liquidity to navigate economic uncertainties **Ticker:** VLLIX **Note:** Amounts are in thousands, 000s.