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Fidus Investment (FDUS) Financials

Fidus Investment logo
$20.43 +0.32 (+1.59%)
Closing price 04:00 PM Eastern
Extended Trading
$20.44 +0.02 (+0.07%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Fidus Investment

Annual Income Statements for Fidus Investment

This table shows Fidus Investment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 31 116 36 77 78 82
Consolidated Net Income / (Loss)		 31 116 36 77 78 82
Net Income / (Loss) Continuing Operations		 31 116 36 77 78 82
Total Pre-Tax Income 		33 119 37 80 82 89
Total Revenue		 77 183 92 144 151 168
Net Interest Income / (Expense)		 85 90 94 130 146 156
Total Interest Income		 85 90 94 130 146 156
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 -7.85 93 -2.16 14 5.14 13
Net Realized & Unrealized Capital Gains on Investments		 -7.85 93 -2.16 14 5.14 13
Total Non-Interest Expense		 45 65 55 64 69 80
Insurance Policy Acquisition Costs		 7.27 28 7.89 19 19 20
Other Operating Expenses		 37 36 47 45 50 60
Income Tax Expense		 1.44 2.57 1.41 2.69 3.92 6.28
Basic Earnings per Share		 $1.62 $1.03 $1.90 $2.47 $2.29 $2.08
Weighted Average Basic Shares Outstanding		 24.44M 24.44M 24.47M 26.37M 32.59M 35.49M
Diluted Earnings per Share		 $1.62 $1.03 $1.90 $2.47 $2.29 $2.08
Weighted Average Diluted Shares Outstanding		 24.44M 24.44M 24.47M 26.37M 32.59M 35.49M
Basic & Diluted Earnings per Share		 $1.28 $4.75 $1.46 $2.93 $2.40 $2.32
Weighted Average Basic & Diluted Shares Outstanding		 - - 24.84M 30.65M 33.91M 37.95M
Cash Dividends to Common per Share		 $1.33 $1.60 $2.00 $2.88 $2.42 $2.15

Quarterly Income Statements for Fidus Investment

This table shows Fidus Investment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 24 26 20 24 16 18 20 25 19 18 20
Consolidated Net Income / (Loss)		 24 26 20 24 16 18 20 25 19 18 20
Net Income / (Loss) Continuing Operations		 24 26 20 24 16 18 20 25 19 18 20
Total Pre-Tax Income 		24 27 20 26 17 19 22 25 20 24 20
Total Revenue		 42 46 37 44 33 36 40 47 39 44 43
Net Interest Income / (Expense)		 34 36 35 36 38 37 36 40 37 42 48
Total Interest Income		 34 36 35 36 38 37 36 40 37 42 48
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 7.64 9.49 2.50 8.73 -4.93 -1.06 3.29 6.74 2.19 2.22 -4.66
Net Realized & Unrealized Capital Gains on Investments		 7.64 9.49 2.50 8.73 -4.93 -1.06 3.29 6.74 2.19 2.22 -4.66
Total Non-Interest Expense		 18 18 17 19 16 17 18 21 19 21 23
Insurance Policy Acquisition Costs		 6.01 6.47 4.97 5.98 4.07 4.27 4.88 6.19 4.73 4.46 4.88
Other Operating Expenses		 12 12 12 13 12 13 13 15 15 16 18
Income Tax Expense		 0.04 0.93 -0.08 1.71 0.57 1.81 1.85 0.15 0.82 5.31 0.12
Basic Earnings per Share		 $0.63 $0.58 $0.57 $0.53 $0.64 $0.55 $0.53 $0.53 $0.49 $0.53 $0.65
Weighted Average Basic Shares Outstanding		 26.62M 26.37M 30.78M 32.25M 33.38M 32.59M 34.08M 35.16M 35.72M 35.49M 37.95M
Diluted Earnings per Share		 $0.63 $0.58 $0.57 $0.53 $0.64 $0.55 $0.53 $0.53 $0.49 $0.53 $0.65
Weighted Average Diluted Shares Outstanding		 26.62M 26.37M 30.78M 32.25M 33.38M 32.59M 34.08M 35.16M 35.72M 35.49M 37.95M
Basic & Diluted Earnings per Share		 $0.91 $0.96 $0.65 $0.75 $0.49 $0.51 $0.58 $0.72 $0.54 $0.48 $0.52
Weighted Average Basic & Diluted Shares Outstanding		 28.45M 30.65M 31.55M 33.16M 33.91M 33.91M 35.01M 35.38M 36.43M 37.95M 37.95M
Cash Dividends to Common per Share		 $0.72 $0.80 $0.65 $0.59 $0.57 $0.61 $0.54 $0.54 $0.57 $0.50 $0.52

Annual Cash Flow Statements for Fidus Investment

This table details how cash moves in and out of Fidus Investment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 109 -107 -107 57 -62 22
Net Cash From Operating Activities		 56 -106 -106 -29 -55 -147
Net Cash From Continuing Operating Activities		 56 -106 -106 -29 -55 -147
Net Income / (Loss) Continuing Operations		 31 36 36 77 78 82
Consolidated Net Income / (Loss)		 31 36 36 77 78 82
Depreciation Expense		 6.58 66 66 10 5.93 -10
Amortization Expense		 2.27 2.11 2.11 2.21 2.14 2.92
Non-Cash Adjustments to Reconcile Net Income		 18 -206 -206 -108 -138 -223
Changes in Operating Assets and Liabilities, net		 -1.79 -3.15 -3.15 -11 -3.66 1.03
Net Cash From Investing Activities		 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 53 -1.53 -1.53 86 -6.67 169
Net Cash From Continuing Financing Activities		 53 -1.53 -1.53 86 -6.67 169
Issuance of Debt		 106 76 76 62 45 330
Issuance of Common Equity		 0.00 5.81 5.81 110 66 79
Repayment of Debt		 -17 -31 -31 -6.00 -37 -155
Payment of Dividends		 -33 -49 -49 -78 -78 -75
Other Financing Activities, Net		 -3.39 -3.53 -3.53 -1.76 -2.36 -9.06
Cash Interest Paid		 17 16 16 19 22 27
Cash Income Taxes Paid		 1.71 4.29 4.29 11 3.30 4.56

Quarterly Cash Flow Statements for Fidus Investment

This table details how cash moves in and out of Fidus Investment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 42 39 -92 21 6.12 2.72 10 24 -29 17 -29
Net Cash From Operating Activities		 25 3.35 -78 -2.67 4.68 21 -50 40 -32 -105 -33
Net Cash From Continuing Operating Activities		 25 3.35 -78 -2.67 4.68 21 -50 40 -32 -105 -33
Net Income / (Loss) Continuing Operations		 24 26 20 24 16 18 20 25 19 18 20
Consolidated Net Income / (Loss)		 24 26 20 24 16 18 20 25 19 18 20
Depreciation Expense		 2.06 10 -1.22 2.06 4.57 0.52 9.79 -14 -3.42 -2.10 -7.66
Amortization Expense		 0.58 0.57 0.55 0.51 0.53 0.56 0.65 0.73 0.72 0.81 0.75
Non-Cash Adjustments to Reconcile Net Income		 -0.06 -41 -88 -32 -17 -0.33 -73 19 -39 -130 -37
Changes in Operating Assets and Liabilities, net		 -1.64 7.33 -9.06 2.80 -0.21 2.16 -6.85 8.80 -9.03 8.17 -8.85
Net Cash From Investing Activities		 - - 0.00 - - - 0.00 - - - 0.00
Net Cash From Continuing Investing Activities		 - - 0.00 - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 17 35 -14 24 1.44 -18 61 -16 3.04 122 3.39
Net Cash From Continuing Financing Activities		 17 35 -14 24 1.44 -18 61 -16 3.04 122 3.39
Issuance of Debt		 -19 22 23 10 7.50 5.00 120 20 50 185 31
Issuance of Common Equity		 62 39 19 33 14 - 21 7.54 20 32 0.00
Repayment of Debt		 -5.23 -0.44 -35 -0.35 -1.26 -0.35 -58 -25 -46 -71 -7.41
Payment of Dividends		 -20 -24 -20 -19 -19 -21 -19 -18 -20 -19 -20
Other Financing Activities, Net		 -0.52 -0.54 -0.18 -0.11 -0.32 -1.75 -3.32 -0.64 -0.12 -4.97 -0.77
Cash Interest Paid		 7.32 2.85 7.86 3.43 7.64 3.50 8.39 3.14 11 4.93 13
Cash Income Taxes Paid		 0.91 0.11 0.87 0.21 1.59 0.62 3.38 0.15 0.40 0.64 1.69

Annual Balance Sheets for Fidus Investment

This table presents Fidus Investment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,903 936 1,091 1,164 1,427
Cash and Due from Banks		 0.00 62 119 57 70
Restricted Cash		 - - - 0.00 9.61
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00
Other Assets		 1,903 23 14 26 32
Total Liabilities & Shareholders' Equity		 0.00 936 1,091 1,164 1,427
Total Liabilities		 0.00 456 501 508 685
Accrued Interest Payable		 - 4.75 5.92 5.78 7.45
Long-Term Debt		 - 410 467 475 644
Other Long-Term Liabilities		 - 41 29 28 33
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.00 480 589 656 742
Total Preferred & Common Equity		 0.00 480 589 656 742
Total Common Equity		 0.00 480 589 656 742
Common Stock		 - 396 504 567 641
Retained Earnings		 - 84 85 88 100

Quarterly Balance Sheets for Fidus Investment

This table presents Fidus Investment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 910 949 982 1,023 1,093 1,146 1,161 1,242 1,257 1,278 1,444
Cash and Due from Banks		 40 36 38 80 27 48 54 67 91 62 50
Restricted Cash		 - - - - - - - - - - 0.72
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 12 15 15 16 18 19 16 19 27 32 33
Total Liabilities & Shareholders' Equity		 910 949 982 1,023 1,093 1,146 1,161 1,242 1,257 1,278 1,444
Total Liabilities		 435 464 499 474 484 499 502 564 565 567 702
Accrued Interest Payable		 3.04 3.33 5.22 3.34 3.54 5.67 3.54 3.57 7.48 3.70 3.29
Long-Term Debt		 390 437 469 445 455 465 471 534 529 534 668
Other Long-Term Liabilities		 42 24 25 26 26 29 27 26 29 29 31
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 474 485 967 549 608 647 659 678 692 711 742
Total Preferred & Common Equity		 474 485 483 549 608 647 659 678 692 711 742
Total Common Equity		 474 485 967 549 608 647 659 678 692 711 742
Common Stock		 362 401 406 468 523 557 572 589 597 617 641
Retained Earnings		 113 84 77 81 85 89 87 89 96 94 101

Annual Metrics And Ratios for Fidus Investment

This table displays calculated financial ratios and metrics derived from Fidus Investment's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 - - - - 36,427,491.00
DEI Adjusted Shares Outstanding		 0.00 - - - - 36,427,491.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 - - - - 2.26
Growth Metrics		 - - - - - -
Profitability Metrics		 - - - - - -
Valuation Ratios		 - - - - - -
Leverage & Solvency		 - - - - - -
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Efficiency Ratios		 - - - - - -
Capital & Investment Metrics		 - - - - - -
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.90 $2.47 $2.29 $2.08
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 24.47M 26.37M 32.59M 35.49M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.90 $2.47 $2.29 $2.08
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 24.47M 26.37M 32.59M 35.49M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $1.46 $2.93 $2.40 $2.32
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 24.84M 30.65M 33.91M 37.95M
Debt Service Ratios		 - - - - - -
Payout Ratios		 - - - - - -

Quarterly Metrics And Ratios for Fidus Investment

This table displays calculated financial ratios and metrics derived from Fidus Investment's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 33,914,652.00 35,011,880.00 35,379,900.00 36,427,491.00 37,954,364.00
DEI Adjusted Shares Outstanding		 - - - - - - 33,914,652.00 35,011,880.00 35,379,900.00 36,427,491.00 37,954,364.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.58 0.72 0.54 0.50 0.52
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 76.47% 40.07% 24.56% 0.00% -20.03% -20.52% 2.11% 5.21% 17.92% - 7.75%
EBITDA Growth		 -49.38% 633.96% 26.69% 161.28% -17.84% -46.50% 54.93% -58.49% -22.06% - -59.02%
EBIT Growth		 112.90% 303.09% 29.48% 121.59% -29.88% -29.36% -2.21% -1.48% 17.09% - -6.99%
NOPAT Growth		 112.36% 391.75% 30.28% 120.79% -32.10% -33.73% -2.58% 4.92% 16.15% - 1.15%
Net Income Growth		 112.63% 391.17% 29.92% 0.00% -32.19% -33.44% -2.31% 4.92% 16.15% - 1.15%
EPS Growth		 21.15% 13.73% -3.39% 0.00% 1.59% -5.17% -7.02% 0.00% -23.44% - 22.64%
Operating Cash Flow Growth		 204.09% -71.65% -88.85% 84.14% -81.44% 512.06% 35.50% 1,595.73% -781.70% - 35.06%
Free Cash Flow Firm Growth		 87.73% 0.00% -6,833.66% -10,064.60% -14.74% 58.99% 87.61% 37.58% 20.72% - -37.97%
Invested Capital Growth		 14.92% 18.59% 0.00% 0.00% 13.75% 7.06% 14.00% 9.86% 10.12% - 16.35%
Revenue Q/Q Growth		 69.40% 9.51% -18.90% 15.25% -21.87% 8.83% 4.20% 23.13% -15.55% - -3.41%
EBITDA Q/Q Growth		 162.67% 41.73% -49.12% 37.93% -17.40% -7.71% 47.34% -60.86% 46.45% - -41.40%
EBIT Q/Q Growth		 122.27% 12.70% -26.62% 20.54% -29.66% 13.53% 1.59% 29.36% -21.52% - -15.36%
NOPAT Q/Q Growth		 122.34% 9.04% -23.74% 19.43% -31.63% 6.43% 12.09% 28.62% -24.31% - 8.53%
Net Income Q/Q Growth		 122.62% 8.77% -23.86% 19.76% -31.63% 6.77% 11.74% 28.62% -24.31% - 8.53%
EPS Q/Q Growth		 -5.97% -7.94% -1.72% -7.02% 20.75% -14.06% -3.64% 0.00% -7.55% - 22.64%
Operating Cash Flow Q/Q Growth		 249.90% -86.73% -2,423.07% 96.57% 275.39% 337.84% -344.80% 179.56% -179.94% - 68.90%
Free Cash Flow Firm Q/Q Growth		 88.88% -673.10% -649.92% -4.28% 88.95% -446.12% -126.54% 34.69% -12.90% - 24.82%
Invested Capital Q/Q Growth		 4.31% 0.00% 0.68% 4.57% 1.66% 0.00% 7.20% 0.77% 1.90% - 1.74%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 64.42% 83.38% 52.31% 62.60% 66.19% 56.13% 79.36% 25.23% 43.75% - 30.55%
EBIT Margin		 58.12% 59.81% 54.12% 56.60% 50.96% 53.16% 51.83% 54.45% 50.60% - 46.67%
Profit (Net Income) Margin		 58.10% 57.70% 54.17% 56.29% 49.26% 48.33% 51.82% 54.14% 48.52% - 46.39%
Tax Burden Percent		 99.97% 96.48% 100.10% 99.45% 96.67% 90.92% 99.99% 99.42% 95.89% - 99.40%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 0.16% 3.41% -0.38% 0.55% 3.33% 9.37% 0.01% 0.58% 4.11% - 0.60%
Return on Invested Capital (ROIC)		 7.78% 8.44% 15.27% 0.00% 7.39% 6.60% 6.86% 7.10% 6.49% - 6.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.79% 8.43% 15.25% 0.00% 7.39% 6.61% 6.86% 7.10% 6.49% - 6.07%
Return on Net Nonoperating Assets (RNNOA)		 6.36% 6.91% 11.40% 0.00% 5.61% 5.00% 5.27% 5.27% 4.76% - 5.14%
Return on Equity (ROE)		 14.14% 15.35% 26.67% 0.00% 12.99% 11.60% 12.14% 12.36% 11.26% - 11.21%
Cash Return on Invested Capital (CROIC)		 0.00% -9.08% -184.61% -200.00% -4.65% 0.34% -6.25% -2.63% -2.76% - -8.81%
Operating Return on Assets (OROA)		 7.50% 8.39% 14.80% 0.00% 7.43% 7.06% 6.69% 6.93% 6.59% - 5.96%
Return on Assets (ROA)		 7.49% 8.09% 14.82% 0.00% 7.18% 6.42% 6.69% 6.89% 6.32% - 5.92%
Return on Common Equity (ROCE)		 14.14% 15.35% 26.67% 0.00% 12.99% 11.60% 12.14% 12.36% 11.26% - 11.21%
Return on Equity Simple (ROE_SIMPLE)		 10.10% 0.00% 13.44% 0.00% 13.23% 0.00% 11.48% 11.41% 11.49% - 11.14%
Net Operating Profit after Tax (NOPAT)		 24 26 20 24 16 18 20 25 19 - 20
NOPAT Margin		 58.02% 57.77% 54.32% 56.29% 49.26% 48.18% 51.82% 54.14% 48.52% - 46.39%
Net Nonoperating Expense Percent (NNEP)		 -0.01% 0.01% 0.02% 0.00% 0.00% -0.01% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 41.88% 40.19% 45.88% 43.40% 49.04% 46.84% 48.17% 45.55% 49.40% - 53.33%
Earnings before Interest and Taxes (EBIT)		 24 27 20 24 17 19 20 25 20 - 20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 27 38 19 27 22 20 30 12 17 - 13
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.75 0.84 0.91 0.90 0.96 1.09 1.02 1.02 1.01 - 0.89
Price to Tangible Book Value (P/TBV)		 0.75 0.84 0.91 0.90 0.96 1.09 1.02 1.02 1.01 - 0.89
Price to Revenue (P/Rev)		 3.32 3.49 3.71 0.00 3.96 4.76 4.59 4.63 4.51 - 3.85
Price to Earnings (P/E)		 7.47 6.44 6.78 0.00 7.24 9.11 8.89 8.95 8.78 - 8.00
Dividend Yield		 7.83% 7.74% 6.41% 8.97% 9.51% 9.47% 11.33% 11.19% 11.16% - 12.23%
Earnings Yield		 13.39% 15.53% 14.75% 0.00% 13.80% 10.98% 11.25% 11.17% 11.39% - 12.50%
Enterprise Value to Invested Capital (EV/IC)		 0.78 0.80 0.92 0.90 0.93 1.00 0.96 0.94 0.95 - 0.91
Enterprise Value to Revenue (EV/Rev)		 6.25 5.94 6.57 0.00 6.58 7.55 7.69 7.49 7.48 - 7.46
Enterprise Value to EBITDA (EV/EBITDA)		 13.64 9.30 10.36 65.04 9.84 12.73 11.64 13.82 15.23 - 20.42
Enterprise Value to EBIT (EV/EBIT)		 13.68 10.80 11.87 0.00 11.81 14.00 14.42 14.33 14.34 - 14.67
Enterprise Value to NOPAT (EV/NOPAT)		 14.05 10.94 12.00 0.00 12.02 14.44 14.89 14.50 14.56 - 15.48
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76.70 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 303.60 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.81 0.79 0.75 0.72 0.72 0.72 0.79 0.76 0.75 - 0.90
Long-Term Debt to Equity		 0.81 0.79 0.75 0.72 0.72 0.72 0.79 0.76 0.75 - 0.90
Financial Leverage		 0.82 0.82 0.75 0.29 0.76 0.76 0.77 0.74 0.73 - 0.85
Leverage Ratio		 1.89 1.89 1.80 1.32 1.81 1.81 1.82 1.79 1.78 - 1.89
Compound Leverage Factor		 1.89 1.89 1.80 1.32 1.81 1.81 1.82 1.79 1.78 - 1.89
Debt to Total Capital		 44.78% 44.18% 42.78% 41.82% 41.71% 42.00% 44.07% 43.32% 42.87% - 47.38%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 44.78% 44.18% 42.78% 41.82% 41.71% 42.00% 44.07% 43.32% 42.87% - 47.38%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 55.22% 55.82% 57.22% 58.18% 58.29% 58.00% 55.93% 56.68% 57.13% - 52.62%
Debt to EBITDA		 7.79 5.14 4.80 30.33 4.42 5.35 5.37 6.38 6.84 - 10.67
Net Debt to EBITDA		 6.39 3.83 4.51 27.18 3.91 4.70 4.69 5.28 6.04 - 9.86
Long-Term Debt to EBITDA		 7.79 5.14 4.80 30.33 4.42 5.35 5.37 6.38 6.84 - 10.67
Debt to NOPAT		 8.03 6.05 5.56 0.00 5.41 6.07 6.87 6.70 6.54 - 8.09
Net Debt to NOPAT		 6.58 4.50 5.23 0.00 4.78 5.34 6.00 5.55 5.77 - 7.48
Long-Term Debt to NOPAT		 8.03 6.05 5.56 0.00 5.41 6.07 6.87 6.70 6.54 - 8.09
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -105 -139 -1,043 -1,088 -120 -57 -129 -84 -95 - -178
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.14 0.27 0.00 0.15 0.13 0.13 0.13 0.13 - 0.13
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 994 1,056 1,063 1,112 1,130 1,131 1,212 1,221 1,245 - 1,410
Invested Capital Turnover		 0.13 0.15 0.28 0.00 0.15 0.14 0.13 0.13 0.13 - 0.13
Increase / (Decrease) in Invested Capital		 129 166 1,063 1,112 137 75 149 110 114 - 198
Enterprise Value (EV)		 778 844 982 997 1,048 1,131 1,158 1,145 1,188 - 1,279
Market Capitalization		 414 497 554 580 631 713 692 707 717 - 661
Book Value per Share		 $21.67 $20.72 $19.85 $20.50 $19.87 $19.33 $19.99 $19.77 $20.10 - $19.55
Tangible Book Value per Share		 $21.67 $20.72 $19.85 $20.50 $19.87 $19.33 $19.99 $19.77 $20.10 - $19.55
Total Capital		 994 1,056 1,063 1,112 1,130 1,131 1,212 1,221 1,245 - 1,410
Total Debt		 445 467 455 465 471 475 534 529 534 - 668
Total Long-Term Debt		 445 467 455 465 471 475 534 529 534 - 668
Net Debt		 365 347 428 417 417 418 467 438 471 - 618
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 -0.03 0.03 0.06 0.00 0.00 -0.06 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 445 467 455 465 471 475 534 529 534 - 668
Total Depreciation and Amortization (D&A)		 2.64 11 -0.67 2.57 5.09 1.08 10 -14 -2.70 - -6.91
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.63 $0.58 $0.57 $0.53 $0.64 $0.55 $0.53 $0.53 $0.49 $0.53 $0.65
Adjusted Weighted Average Basic Shares Outstanding		 26.62M 26.37M 30.78M 32.25M 33.38M 32.59M 34.08M 35.16M 35.72M 35.49M 37.95M
Adjusted Diluted Earnings per Share		 $0.63 $0.58 $0.57 $0.53 $0.64 $0.55 $0.53 $0.53 $0.49 $0.53 $0.65
Adjusted Weighted Average Diluted Shares Outstanding		 26.62M 26.37M 30.78M 32.25M 33.38M 32.59M 34.08M 35.16M 35.72M 35.49M 37.95M
Adjusted Basic & Diluted Earnings per Share		 $0.91 $0.96 $0.65 $0.75 $0.49 $0.51 $0.58 $0.72 $0.54 $0.48 $0.52
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 28.45M 30.65M 31.55M 33.16M 33.91M 33.91M 35.01M 35.38M 36.43M 37.95M 37.95M
Normalized Net Operating Profit after Tax (NOPAT)		 24 26 14 24 16 18 20 25 19 - 20
Normalized NOPAT Margin		 58.02% 57.77% 37.88% 56.29% 49.26% 48.18% 51.82% 54.14% 48.52% - 46.39%
Pre Tax Income Margin		 58.12% 59.81% 54.12% 56.60% 50.96% 53.16% 51.83% 54.45% 50.60% - 46.67%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 124.69% 101.55% 100.61% 0.00% 94.09% 100.10% 98.55% 95.89% 94.50% - 92.52%
Augmented Payout Ratio		 124.69% 101.55% 100.61% 0.00% 94.09% 100.10% 98.55% 95.89% 94.50% - 92.52%

Financials Breakdown Chart

Key Financial Trends

Fidus Investment (NASDAQ: FDUS) continued to post solid earnings in Q1 2026, but the quarter also highlighted pressure on cash generation and a highly leveraged balance sheet. Revenue and net income held up well year over year, while book equity and assets continued to expand. However, operating cash flow was negative again, and dividend coverage appears tighter than in prior periods.

  • Revenue improved year over year. Q1 2026 total revenue rose to $42.9 million from $39.8 million in Q1 2025, supported by higher net interest income.
  • Net income increased. FDUS earned $19.9 million in Q1 2026, up from $19.7 million a year ago, showing earnings resilience.
  • Book value base expanded. Total common equity increased to $742.0 million from $677.9 million in Q1 2025, reflecting continued retained earnings and balance sheet growth.
  • Cash position remained sizeable. Cash and equivalents were $49.7 million at quarter-end, providing liquidity support despite volatile cash flow.
  • Net interest income trended higher over the last year. Q1 2026 net interest income of $47.5 million was above Q1 2025’s $36.5 million, suggesting improved core earning power.
  • FDUS remains a high-distribution lender. The company paid $0.52 per share in dividends in Q1 2026, which matched basic EPS of $0.65 only before considering the rest of the cash flow structure and capital needs.
  • Share count continues to rise. Weighted average basic shares increased to 37.95 million from 34.08 million in Q1 2025, which can dilute per-share growth over time.
  • The balance sheet is still heavily debt-funded. Long-term debt was $668.1 million versus total equity of $742.0 million, so leverage remains an important factor for investors to watch.
  • Operating cash flow was deeply negative. Q1 2026 operating cash flow came in at negative $32.6 million, a weaker result than Q1 2025’s negative $50.2 million, but still a clear cash-flow concern.
  • Net change in cash was negative. Cash and equivalents declined by $29.2 million in the quarter, despite financing inflows.
  • Non-cash and operating adjustments were large. The company reported negative $36.7 million in non-cash adjustments and another negative $8.8 million from working capital changes, highlighting limited conversion of earnings into cash.
  • Capital gains were a drag in the quarter. FDUS reported a $4.7 million net realized and unrealized loss on investments in Q1 2026, versus gains in prior quarters.

Longer-term trend: Over the past four years, FDUS has generally grown revenue, earnings, assets, and equity. Total assets rose from $949.0 million in Q1 2023 to $1.44 billion in Q1 2026, while common equity increased from $484.6 million to $742.0 million. That said, the company’s cash flow profile has been inconsistent, with several quarters of negative operating cash flow and dividend payouts that can pressure liquidity if investment income or portfolio gains weaken.

Bottom line: FDUS looks profitable and has grown its balance sheet, but investors should pay close attention to cash generation, leverage, and dividend sustainability. The company is still delivering earnings, but the gap between accounting profit and cash flow remains the key risk.

07/14/26 06:05 PM ETAI Generated. May Contain Errors.

Fidus Investment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Fidus Investment's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Fidus Investment's net income appears to be on an upward trend, with a most recent value of $82.40 million in 2025, rising from $31.23 million in 2020. The previous period was $78.29 million in 2024. Find out what analysts predict for Fidus Investment in the coming months.

Over the last 5 years, Fidus Investment's total revenue changed from $77.28 million in 2020 to $168.46 million in 2025, a change of 118.0%.

Fidus Investment's total liabilities were at $684.64 million at the end of 2025, a 34.7% increase from 2024, and a 68,464,000,000.0% increase since 2021.

In the past 4 years, Fidus Investment's cash and equivalents has ranged from $5.27 in 2021 to $119.13 million in 2023, and is currently $70.00 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:FDUS last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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