FSSL (FS Specialty Lending Fund) Shares Outstanding (Basic Average): 76.2 Mil (As of Dec. 2025)


FSSL FS Specialty Lending Fund FSSL
13 GF Score
Price $10.95
! 2 Warning Signs
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What is FS Specialty Lending Fund Shares Outstanding (Basic Average)?

FS Specialty Lending Fund FSSL +0.09% 13 Shares Outstanding (Basic Average) is 76.2 Mil as of Dec. 2025. GuruFocus rates FSSL with a GF Score™ of 13/100. The stock has 2 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. FS Specialty Lending Fund's average basic shares outstanding for the quarter that ended in Dec. 2025 was 76.2 Mil.

FS Specialty Lending Fund  (NYSE:FSSL) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

FS Specialty Lending Fund Shares Outstanding (Basic Average) Related Terms

FS Specialty Lending Fund Shares Outstanding (Basic Average) Historical Data

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The historical data trend for FS Specialty Lending Fund's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FS Specialty Lending Fund Shares Outstanding (Basic Average) Chart

FS Specialty Lending Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.96 74.90 75.74 75.92 76.22

FS Specialty Lending Fund Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 75.92 75.92 75.92 75.92 76.22
FSSL
13GF Score
FS Specialty Lending Fund FSSL
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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FS Specialty Lending Fund Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 76.2 Mil mean?
FS Specialty Lending Fund (FSSL) has a Shares Outstanding (Basic Average) of 76.2 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on FS Specialty Lending Fund and its competitors.
Is FS Specialty Lending Fund's Shares Outstanding (Basic Average) too high?
FS Specialty Lending Fund's current Shares Outstanding (Basic Average) is 76.2 Mil. Overall, FS Specialty Lending Fund has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does FS Specialty Lending Fund's Shares Outstanding (Basic Average) compare to MFIC and AWF?
FS Specialty Lending Fund's Shares Outstanding (Basic Average) of 76.2 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for an Asset Management company?
A good Shares Outstanding (Basic Average) depends on the Asset Management industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on FS Specialty Lending Fund and its competitors. FS Specialty Lending Fund's current Shares Outstanding (Basic Average) is 76.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS Specialty Lending Fund stock overvalued right now?
FS Specialty Lending Fund (FSSL) has a current Shares Outstanding (Basic Average) of 76.2 Mil. The current Shares Outstanding (Basic Average) is 76.2 Mil. FS Specialty Lending Fund's overall GF Score™ is 13/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For FS Specialty Lending Fund (FSSL), the current Shares Outstanding (Basic Average) is 76.2 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FS Specialty Lending Fund Business Description

Address 3025 JFK Boulevard, OFC 500, Philadelphia, PA, USA, 19104
FS Specialty Lending Fund is a United States-based externally managed, non-diversified, closed-end management investment company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation by investing mainly in private and public credit in a broad set of industries, sectors, and sub-sectors. Its investment policy is to invest mainly in a portfolio of secured and unsecured floating and fixed-rate loans, bonds, and other types of credit instruments, which, under normal circumstances, will represent at least eighty percent of the Company's total assets.
13GF Score

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Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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