New Mountain Finance Corp
For the period ended Mar 31, 2026. Filed May 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 4, 2026
NMFC$6.88-0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Statements of Assets and Liabilities
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Investments at fair value | ||
| Non-controlled/non-affiliated investments (cost of $1,733,010 and $2,060,391, respectively) | $1,628,080 | $2,002,306 |
| Non-controlled/affiliated investments (cost of $132,739 and $131,221, respectively) | 65,699 | 60,702 |
| Controlled investments (cost of $659,897 and $720,503, respectively) | 619,600 | 679,005 |
| Total investments at fair value (cost of $2,525,646 and $2,912,115, respectively) | 2,313,379 | 2,742,013 |
| Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) | 5,700 | 13,500 |
| Cash and cash equivalents | 51,130 | 80,718 |
| Interest and dividend receivable | 34,233 | 38,549 |
| Derivative asset at fair value | 2,958 | 5,647 |
| Receivable from affiliates | 441 | 381 |
| Receivable from unsettled securities sold | — | 4,138 |
| Other assets | 19,376 | 17,907 |
| Total assets | $2,427,217 | $2,902,853 |
| Liabilities | ||
| Borrowings | ||
| Unsecured Notes | $787,704 | $991,585 |
| Holdings Credit Facility | 354,446 | 420,063 |
| SBA-guaranteed debentures | 169,255 | 196,205 |
| NMFC Credit Facility | 30,545 | 81,074 |
| Deferred financing costs (net of accumulated amortization of $48,735 and $45,302, respectively) | (15,310) | (17,875) |
| Net borrowings | 1,326,640 | 1,671,052 |
| Payable for unsettled securities purchased | 18,490 | 463 |
| Payable to broker | 10,080 | 14,630 |
| Management fee payable | 7,173 | 9,176 |
| Interest payable | 6,780 | 11,892 |
| Derivative liability at fair value | 1,936 | 366 |
| Deferred tax liability | 1,731 | 1,819 |
| Incentive fee payable | — | 3,018 |
| Other liabilities | 4,417 | 2,181 |
| Total liabilities | 1,377,247 | 1,714,597 |
| Commitments and contingencies (See Note 9) | ||
| Net assets | ||
| Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued | — | — |
| Common stock, par value $0.01 per share, 200,000,000 shares authorized, 107,851,929 and 107,851,929 shares issued, respectively, and 95,575,151 and 102,638,388 shares outstanding, respectively | 1,079 | 1,079 |
| Paid in capital in excess of par | 1,354,726 | 1,354,726 |
| Treasury stock at cost, 12,276,778 and 5,213,541 shares held, respectively | (108,549) | (51,952) |
| Accumulated overdistributed earnings | (203,754) | (121,676) |
| Total net assets of New Mountain Finance Corporation | $1,043,502 | $1,182,177 |
| Non-controlling interest in New Mountain Net Lease Corporation | 6,468 | 6,079 |
| Total net assets | $1,049,970 | $1,188,256 |
| Total liabilities and net assets | $2,427,217 | $2,902,853 |
| Number of shares outstanding | 95,575,151 | 102,638,388 |
| Net asset value per share of New Mountain Finance Corporation | $10.92 | $11.52 |
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