Vehicle file · Non-traded vehicle

Lafayette Square USA, Inc.

What its SEC filings show.

SEC CIK 1849089·Inc. DE·Fiscal year end 12/31·Data as filed · pulled Oct 12, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Lafayette Square USA, Inc. is a non-traded vehicle registered with the SEC under CIK 1849089 (incorporated in DE). Its most recent filing is a D/A dated Oct 2, 2026. As of Jun 30, 2026 it reported total assets of $1.16B (up 33.3% from $867.5M a year earlier) and stockholders' equity of $496.9M. Net income (loss) for the six months to Jun 30, 2026 was $8.4M. It raised $93.3M from new shares in the six months to Jun 30, 2026. Reported NAV per share: $14.49 as of Jun 30, 2026.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 46 other vehicles of this type we track.

Liabilities were 57% of total assets at Jun 30, 2026. It ranks 24th of the 27 vehicles of this type that report the same figures (1st = least leveraged).
The management fee ran at about 1.60% a year of stockholders' equity ($3.9M in the six months to Jun 30, 2026, annualised; our arithmetic). It ranks 12th of the 16 vehicles of this type that report the same figures (1st = lowest fee).
NAV per share moved down 3.1% in a year, from $14.95 to $14.49 (before distributions). It ranks 12th of the 16 vehicles of this type that report the same figures (1st = best NAV change).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$1.16B	as of Jun 30, 2026	$867.5M	+33.3%	10-Q · Aug 3, 2026
Investments at fair value	$983.7M	as of Jun 30, 2026	$732.2M	+34.3%	10-Q · Aug 3, 2026
Cash and equivalents	$154.8M	as of Jun 30, 2026	$119.3M	+29.7%	10-Q · Aug 3, 2026
Total liabilities	$659.4M	as of Jun 30, 2026	$504.4M	+30.7%	10-Q · Aug 3, 2026
Debt (carrying amount)	$595.0M	as of Jun 30, 2026	$484.5M	+22.8%	10-Q · Aug 3, 2026
Notes payable	$63.6M	as of Jun 30, 2026	—	—	10-Q · Aug 3, 2026
Stockholders' equity	$496.9M	as of Jun 30, 2026	$363.1M	+36.8%	10-Q · Aug 3, 2026
NAV per share	$14.49	as of Jun 30, 2026	$14.95	−3.1%	10-Q · Aug 3, 2026
Shares outstanding	34.3M shares	as of Jun 30, 2026	24.3M shares	+41.2%	10-Q · Aug 3, 2026
Shares outstanding (cover page)	34.3M shares	as of Aug 3, 2026	24.5M shares	+40.0%	10-Q · Aug 3, 2026

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Net income (loss)	$8.4M	six months to Jun 30, 2026	$20.3M	−58.5%	10-Q · Aug 3, 2026
Cash from operations	−$145.0M	six months to Jun 30, 2026	−$156.2M	+7.2%	10-Q · Aug 3, 2026
Management fees	$3.9M	six months to Jun 30, 2026	$3.1M	+28.2%	10-Q · Aug 3, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$93.3M	six months to Jun 30, 2026	$1.7M	+5318.8%	10-Q · Aug 3, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

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We can tell you what the filings say. What we cannot tell you is what it means for your particular position, your tax situation and the rest of your portfolio, and anyone who does that from a web page without knowing your circumstances is guessing. With money in a non-traded vehicle with limited liquidity, deciding what to do with the position, that is the part that actually matters.

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Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Oct 2, 2026D/A · FilingItems 06cEDGAR ↗
Oct 2, 20268-K · Current reportItems 7.01EDGAR ↗
Sep 30, 20268-K · Current reportItems 1.01,2.03,9.01EDGAR ↗
Aug 3, 20268-K · Current reportItems 2.02,9.01EDGAR ↗
Aug 3, 202610-Q · Quarterly reportEDGAR ↗
Jul 6, 2026SCHEDULE 13G · FilingEDGAR ↗
Jun 30, 2026SCHEDULE 13D/A · FilingEDGAR ↗
Jun 30, 20268-K · Current reportItems 7.01EDGAR ↗
Jun 30, 20268-K · Current reportItems 3.02EDGAR ↗
Jun 26, 20264 · Insider transactionEDGAR ↗
Jun 9, 20268-K · Current reportItems 5.07EDGAR ↗
Jun 1, 202640-17G · FilingEDGAR ↗
May 29, 20263 · Insider holdingsEDGAR ↗
May 11, 20268-K · Current reportItems 5.02EDGAR ↗
May 8, 20268-K · Current reportItems 2.02,9.01EDGAR ↗
May 8, 202610-Q · Quarterly reportEDGAR ↗
Apr 28, 2026DEF 14A · Proxy statementEDGAR ↗
Apr 1, 20264 · Insider transactionEDGAR ↗
Apr 1, 20264 · Insider transactionEDGAR ↗
Apr 1, 20264 · Insider transactionEDGAR ↗
Apr 1, 20268-K · Current reportItems 3.02EDGAR ↗
Mar 31, 20264 · Insider transactionEDGAR ↗
Mar 25, 20268-K · Current reportItems 2.02,9.01EDGAR ↗
Mar 25, 202610-K · Annual reportEDGAR ↗
Mar 9, 20263 · Insider holdingsEDGAR ↗

Our reads on Lafayette Square USA, Inc..

No forensic read of this vehicle yet. When a filing changes something for holders — a tender offer, a repurchase cap, a NAV reset, a distribution cut — the read goes here.

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1849089, retrieved Oct 12, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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The weekly read

Lafayette Square USA, Inc.

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on Lafayette Square USA, Inc..

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