MidCap Financial Investment Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
MFIC$10.27+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended December 31, | |||||||
|---|---|---|---|---|---|---|---|
| 2025 · 2024 · 2023 | |||||||
| Investment Income | |||||||
| Non-controlled/non-affiliated investments: | |||||||
| Interest income (excluding Payment-in-kind (“PIK”) interest income) | $ | 280,556 | $ | 265,157 | $ | 249,102 | |
| Dividend income | 31 | 40 | 409 | ||||
| PIK interest income | 16,736 | 12,011 | 2,012 | ||||
| Other income | 1,899 | 4,147 | 3,727 | ||||
| Non-controlled/affiliated investments: | |||||||
| Interest income (excluding PIK interest income) | 5,207 | 2,685 | 1,126 | ||||
| Dividend income | 840 | 726 | 1,010 | ||||
| PIK interest income | 1,162 | 140 | 125 | ||||
| Controlled investments: | |||||||
| Interest income (excluding PIK interest income) | 14,306 | 16,781 | 17,892 | ||||
| PIK interest income | — | — | 869 | ||||
| Other income | 138 | 95 | 250 | ||||
| Total Investment Income | $ | 320,875 | $ | 301,782 | $ | 276,522 | |
| Expenses | |||||||
| Management fees | $ | 24,243 | $ | 19,450 | $ | 17,369 | |
| Performance-based incentive fees | 16,100 | 21,548 | 24,565 | ||||
| Interest and other debt expenses | 127,076 | 115,961 | 104,198 | ||||
| Administrative services expense | 6,675 | 4,120 | 5,840 | ||||
| Other general and administrative expenses | 6,263 | 8,176 | 10,131 | ||||
| Total expenses | 180,357 | 169,255 | 162,103 | ||||
| Performance-based incentive fee offset | — | — | (274) | ||||
| Expense reimbursements | (1,477) | (769) | (1,306) | ||||
| Net Expenses | $ | 178,880 | $ | 168,486 | $ | 160,523 | |
| Net Investment Income | $ | 141,995 | $ | 133,296 | $ | 115,999 | |
| Net Realized and Change in Unrealized Gains (Losses) | |||||||
| Net realized gains (losses): | |||||||
| Non-controlled/non-affiliated investments | $ | (45,539) | $ | (4,273) | $ | 131 | |
| Non-controlled/affiliated investments | (338) | (11,668) | — | ||||
| Controlled investments | — | (60,487) | — | ||||
| Foreign currency forward contracts | (610) | — | — | ||||
| Foreign currency transactions | (233) | (592) | 69 | ||||
| Extinguishment of debt | (3,406) | — | — | ||||
| Net realized gains (losses) | (50,126) | (77,020) | 200 | ||||
| Net change in unrealized gains (losses): | |||||||
| Non-controlled/non-affiliated investments | (43,004) | (19,626) | (1,326) | ||||
| Non-controlled/affiliated investments | (8,601) | (5,232) | 3,799 | ||||
| Controlled investments | 25,598 | 65,876 | 2,636 | ||||
| Foreign currency forward contracts | (9) | — | — | ||||
| Foreign currency translations | (2,684) | 1,525 | (2,548) | ||||
| Net change in unrealized gains (losses) | (28,700) | 42,543 | 2,561 | ||||
| Net Realized and Change in Unrealized Gains (Losses) | $ | (78,826) | $ | (34,477) | $ | 2,761 | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 63,169 | $ | 98,819 | $ | 118,760 | |
| Earnings (Loss) Per Share — Basic | $ | 0.68 | $ | 1.27 | $ | 1.82 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.