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MidCap Financial Investment (MFIC) Financials

MidCap Financial Investment logo
$11.01 -0.14 (-1.26%)
Closing price 05/13/2026 04:00 PM Eastern
Extended Trading
$11.31 +0.30 (+2.72%)
As of 07:37 AM 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 MidCap Financial Investment

Annual Income Statements for MidCap Financial Investment

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

Metric 2021 2023 2024 2025
Period end date 3/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 82 119 -23 43
Consolidated Net Income / (Loss)		 88 114 -23 43
Net Income / (Loss) Continuing Operations		 88 114 -23 43
Total Pre-Tax Income 		88 114 -23 43
Total Revenue		 205 278 -15 52
Net Interest Income / (Expense)		 208 273 0.00 0.00
Total Interest Income		 208 273 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00
Total Non-Interest Income		 -2.61 5.69 -15 52
Other Service Charges		 5.06 4.25 4.24 2.04
Net Realized & Unrealized Capital Gains on Investments		 -17 0.13 -20 50
Total Non-Interest Expense		 118 162 8.18 9.67
Other Operating Expenses		 106 138 8.18 6.26
Other Special Charges		 - - 0.00 3.41
Basic Earnings per Share		 $1.28 $1.82 $1.27 $0.68
Weighted Average Basic Shares Outstanding		 - 65.25M 93.78M 92.21M
Weighted Average Diluted Shares Outstanding		 - 65.25M 93.78M 92.21M
Weighted Average Basic & Diluted Shares Outstanding		 - 65.25M 93.78M 92.21M

Quarterly Income Statements for MidCap Financial Investment

This table shows MidCap Financial 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		 30 43 25 13 27 -33 40 18 15 -21 14
Consolidated Net Income / (Loss)		 30 40 22 13 37 -47 40 17 15 -23 14
Net Income / (Loss) Continuing Operations		 30 40 22 13 37 -47 40 17 15 -23 14
Total Pre-Tax Income 		28 42 22 13 38 -48 40 17 15 -23 14
Total Revenue		 71 101 61 15 81 -136 41 62 17 -106 16
Net Interest Income / (Expense)		 67 124 67 0.00 80 -189 0.00 81 0.00 -159 0.00
Total Interest Income		 67 73 67 0.00 80 -215 0.00 81 0.00 -159 0.00
Total Interest Expense		 0.00 -51 0.00 0.00 0.00 -26 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 3.47 -23 -5.59 15 0.42 53 41 -19 17 53 16
Other Service Charges		 0.28 6.60 1.71 0.89 1.04 0.60 0.33 0.22 0.46 1.03 0.57
Net Realized & Unrealized Capital Gains on Investments		 -0.21 -28 -7.47 14 - - 41 -17 16 51 16
Total Non-Interest Expense		 41 59 40 2.10 44 -90 1.25 45 1.60 -82 2.06
Other Operating Expenses		 35 48 34 2.10 40 -73 1.25 41 1.60 -75 2.06
Basic Earnings per Share		 $0.46 $0.51 $0.39 $0.35 $0.31 $0.22 $0.32 $0.19 $0.29 ($0.12) ($0.30)
Weighted Average Basic Shares Outstanding		 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M 82.37M
Diluted Earnings per Share		 - - - - - - $0.00 - - - $0.00
Weighted Average Diluted Shares Outstanding		 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M 82.37M
Weighted Average Basic & Diluted Shares Outstanding		 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M 82.37M

Annual Cash Flow Statements for MidCap Financial Investment

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

Metric 2021 2023 2024 2025
Period end date 3/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -24 35 -46 24
Net Cash From Operating Activities		 -2.68 196 -9.53 -50
Net Cash From Continuing Operating Activities		 -2.68 196 -9.53 -50
Net Income / (Loss) Continuing Operations		 82 119 99 63
Consolidated Net Income / (Loss)		 82 119 99 63
Depreciation Expense		 - -2.56 -43 29
Amortization Expense		 -3.77 -1.89 -1.94 0.08
Non-Cash Adjustments to Reconcile Net Income		 -80 77 -75 -125
Changes in Operating Assets and Liabilities, net		 -1.05 4.98 11 -16
Net Cash From Investing Activities		 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 -21 -161 -37 73
Net Cash From Continuing Financing Activities		 -21 -161 -37 73
Issuance of Debt		 495 631 446 2,120
Repayment of Debt		 -401 -655 -334 -1,881
Repurchase of Common Equity		 -21 -2.30 0.00 -19
Payment of Dividends		 -93 -123 -140 -142
Other Financing Activities, Net		 -0.33 -11 -8.88 -5.11
Effect of Exchange Rate Changes		 -0.02 0.02 -0.05 0.04
Cash Interest Paid		 48 97 111 120

Quarterly Cash Flow Statements for MidCap Financial Investment

This table details how cash moves in and out of MidCap Financial 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		 -7.03 79 -72 17 18 -8.99 9.23 -13 -5.41 33 -57
Net Cash From Operating Activities		 64 78 9.37 -64 -10 55 -131 -91 166 6.33 169
Net Cash From Continuing Operating Activities		 64 78 9.37 -64 -10 55 -131 -90 165 6.33 169
Net Income / (Loss) Continuing Operations		 30 33 25 23 27 24 30 18 27 -13 -27
Consolidated Net Income / (Loss)		 30 33 25 23 27 24 30 18 27 -13 -27
Amortization Expense		 -0.11 -0.10 -0.02 -0.08 -0.79 -1.06 -0.04 0.01 0.04 0.07 0.29
Non-Cash Adjustments to Reconcile Net Income		 42 36 -9.66 -88 -29 14 -7.46 -100 142 -11 193
Changes in Operating Assets and Liabilities, net		 -7.85 9.16 -1.41 2.12 -7.52 18 -161 -0.66 -1.22 -1.49 3.21
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		 -71 0.54 -82 81 28 -64 141 78 -172 27 -226
Net Cash From Continuing Financing Activities		 -71 0.54 -82 81 28 -64 141 78 -172 27 -226
Issuance of Debt		 36 488 82 131 152 80 1,022 186 312 599 79
Repayment of Debt		 -82 -463 -139 -25 -70 -100 -840 -73 -449 -519 -201
Repurchase of Common Equity		 - - 0.00 - - - -6.08 - - -13 -76
Payment of Dividends		 -25 -25 -25 -25 -54 -36 -36 -35 -35 -35 -28
Other Financing Activities, Net		 - -0.03 0.00 - -0.01 -8.63 -0.03 0.03 - -5.11 -0.24
Effect of Exchange Rate Changes		 - 0.02 -0.02 - - -0.03 0.02 - - - -0.02
Cash Interest Paid		 30 16 25 23 37 25 32 24 36 28 29

Annual Balance Sheets for MidCap Financial Investment

This table presents MidCap Financial 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 3/31/2022 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,600 2,526 2,501 3,191 3,324
Cash and Due from Banks		 30 85 94 74 98
Trading Account Securities		 - - 2,353 3,034 0.00
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00
Deferred Acquisition Cost		 17 13 19 24 24
Other Assets		 2,553 2,445 23 77 3,194
Total Liabilities & Shareholders' Equity		 2,600 2,526 2,501 3,191 3,324
Total Liabilities		 1,595 1,537 1,496 1,786 2,016
Accrued Interest Payable		 3.34 14 14 13 13
Long-Term Debt		 1,551 1,483 1,462 1,752 1,995
Other Long-Term Liabilities		 41 31 11 10 7.52
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,005 988 1,005 1,405 1,307
Total Preferred & Common Equity		 1,005 988 1,005 1,405 1,307
Total Common Equity		 1,005 988 1,005 1,405 1,307
Common Stock		 2,079 2,107 2,104 2,658 2,653
Retained Earnings		 -1,074 -1,119 -1,098 -1,254 -1,346

Quarterly Balance Sheets for MidCap Financial Investment

This table presents MidCap Financial 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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 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		 2,489 2,503 2,455 2,445 2,551 3,216 3,356 3,462 3,309 3,070
Cash and Due from Banks		 70 49 43 50 66 84 84 69 63 43
Trading Account Securities		 - - - - - - 0.03 0.00 0.00 0.80
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
Deferred Acquisition Cost		 12 22 21 18 17 16 22 21 20 22
Other Assets		 2,428 2,451 2,414 2,399 2,484 3,064 3,223 3,367 3,218 2,997
Total Liabilities & Shareholders' Equity		 3,603 2,503 2,455 2,445 2,551 3,216 3,356 3,462 3,309 3,070
Total Liabilities		 1,496 1,512 1,458 1,439 1,547 1,800 1,962 2,086 1,942 1,894
Accrued Interest Payable		 7.18 10 4.87 13 15 8.59 9.40 17 11 11
Long-Term Debt		 1,471 1,483 1,434 1,405 1,512 1,773 1,935 2,052 1,915 1,870
Other Long-Term Liabilities		 6.13 6.30 5.97 7.13 6.49 11 9.27 9.13 8.43 7.79
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,107 992 997 1,006 1,004 1,416 1,393 1,376 1,368 1,176
Total Preferred & Common Equity		 2,107 992 997 1,006 1,004 1,416 1,393 1,376 1,368 1,176
Total Common Equity		 2,107 992 997 1,006 1,004 1,416 1,393 1,376 1,368 1,176
Common Stock		 2,107 2,105 2,105 2,104 2,104 2,544 2,652 2,652 2,652 2,577
Retained Earnings		 - -1,113 -1,108 -1,098 -1,100 -1,128 -1,259 -1,276 -1,284 -1,401

Annual Metrics And Ratios for MidCap Financial Investment

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

Metric 2021 2023 2024 2025
Period end date 3/31/2022 12/31/2023 12/31/2024 12/31/2025
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 $1.82 $1.27 $0.68
Adjusted Weighted Average Basic Shares Outstanding		 0.00 65.25M 93.78M 92.21M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 65.25M 93.78M 92.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 65.25M 93.78M 92.21M
Debt Service Ratios		 - - - -
Payout Ratios		 - - - -

Quarterly Metrics And Ratios for MidCap Financial Investment

This table displays calculated financial ratios and metrics derived from MidCap Financial 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		 - - - - - - - - - - 92,211,869.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 92,211,869.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.15
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1,971.84% 0.00% 42.77% 8.78% 15.19% -234.75% 30.00% 322.11% -79.27% - -61.10%
EBITDA Growth		 3,592.33% 0.00% -41.76% 93.09% 22.02% -214.25% 156.77% 337.66% -68.20% - -69.59%
EBIT Growth		 2,330.84% 0.00% -26.34% 86.54% 24.18% -211.44% 61.90% 35.75% -58.65% - -65.02%
NOPAT Growth		 2,164.37% 0.00% -26.34% 86.65% 36.70% -179.92% 61.90% 35.75% -60.25% - -65.02%
Net Income Growth		 2,330.84% 0.00% -20.79% 86.70% 24.18% -217.63% 52.41% 35.75% -58.65% - -65.02%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Cash Flow Growth		 -41.38% 0.00% -79.57% -863.66% -115.89% -30.16% -1,501.07% -43.27% 1,740.87% - 229.00%
Free Cash Flow Firm Growth		 0.00% 0.00% -43,135.27% -4,431.17% -17,174.27% 0.00% 62.68% 63.22% 97.46% - 133.73%
Invested Capital Growth		 0.00% 0.00% 10,334.14% 3,536.94% 6,852.08% 27.91% 38.05% 36.27% 2.95% - -8.47%
Revenue Q/Q Growth		 10.70% 43.08% -39.61% 99.16% 17.21% -267.38% 158.27% -21.46% -73.11% - 115.18%
EBITDA Q/Q Growth		 95.63% 39.60% -61.53% 39.85% 23.63% -230.71% 186.47% -58.19% -11.65% - 76.05%
EBIT Q/Q Growth		 89.22% 39.40% -49.52% 40.10% 25.96% -225.09% 173.34% -49.63% -11.79% - 158.90%
NOPAT Q/Q Growth		 76.26% 51.54% -50.15% 40.18% 29.09% -188.59% 200.99% -49.63% -11.79% - 187.12%
Net Income Q/Q Growth		 89.27% 34.31% -45.67% 35.19% 25.89% -227.23% 170.39% -48.40% -11.79% - 160.98%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Cash Flow Q/Q Growth		 666.31% 22.99% -88.05% -778.02% 84.05% 640.54% -339.73% 30.67% 282.63% - 2,574.75%
Free Cash Flow Firm Q/Q Growth		 66.30% 100.00% 0.00% -84,991.90% -5,061.09% 76.73% -22.26% -1.34% 91.20% - 282.28%
Invested Capital Q/Q Growth		 -33.67% 5,279.27% -2.29% 5,249.22% 8,730.77% -1.03% 5.46% 2.98% -4.22% - -7.75%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.24% 41.21% 26.25% 42.43% 44.75% 0.00% 51.86% 27.60% 90.69% - 89.04%
EBIT Margin		 42.40% 41.31% 34.53% 42.54% 45.71% 0.00% 43.00% 27.58% 90.46% - 87.22%
Profit (Net Income) Margin		 42.40% 39.80% 35.81% 42.56% 45.71% 0.00% 41.98% 27.58% 90.46% - 87.22%
Tax Burden Percent		 107.35% 95.15% 100.00% 100.00% 97.52% 98.04% 100.00% 100.00% 100.00% - 100.00%
Interest Burden Percent		 93.15% 101.26% 103.69% 100.06% 102.54% 103.74% 97.61% 100.00% 100.00% - 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.00% 4.72% 8.41% 5.58% 5.22% 0.00% 1.02% 1.07% 1.43% - 0.74%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 4.58% 8.52% 5.58% 5.11% 0.00% 0.97% 1.07% 1.43% - 0.74%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 6.66% 3.91% 8.78% 6.57% 0.00% 1.35% 1.60% 1.90% - 1.09%
Return on Equity (ROE)		 0.00% 11.37% 12.32% 14.35% 11.78% 0.00% 2.36% 2.67% 3.33% - 1.83%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -187.28% -179.70% -186.03% -23.02% -30.13% -28.77% -1.84% - 9.36%
Operating Return on Assets (OROA)		 0.00% 4.57% 4.15% 5.54% 5.04% 0.00% 1.00% 1.06% 1.42% - 0.73%
Return on Assets (ROA)		 0.00% 4.41% 4.30% 5.55% 5.04% 0.00% 0.98% 1.06% 1.42% - 0.73%
Return on Common Equity (ROCE)		 0.00% 11.37% 12.32% 14.35% 11.78% 0.00% 2.36% 2.67% 3.33% - 1.83%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 10.72% 12.12% 9.10% 0.00% 3.78% 4.16% 2.61% - 1.40%
Net Operating Profit after Tax (NOPAT)		 28 42 21 30 38 -34 34 17 15 - 14
NOPAT Margin		 39.50% 41.83% 34.53% 42.56% 46.88% 0.00% 43.00% 27.58% 90.46% - 87.22%
Net Nonoperating Expense Percent (NNEP)		 -8.94% 0.14% -0.11% 0.00% 0.10% 0.84% 0.05% 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		 57.60% 58.69% 65.47% 57.46% 54.29% 0.00% 57.00% 72.42% 9.54% - 12.78%
Earnings before Interest and Taxes (EBIT)		 30 42 21 30 37 -47 34 17 15 - 14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 30 42 16 29 36 -48 41 17 15 - 14
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.79 0.86 0.92 0.86 0.90 0.87 0.86 0.82 - 0.88
Price to Tangible Book Value (P/TBV)		 0.00 0.79 0.86 0.92 0.86 0.90 0.87 0.86 0.82 - 0.88
Price to Revenue (P/Rev)		 0.00 2.84 2.92 5.44 6.79 25.59 17.80 10.21 21.83 - 38.43
Price to Earnings (P/E)		 0.00 6.66 7.60 7.62 10.39 30.66 26.16 22.84 27.96 - 62.85
Dividend Yield		 15.44% 12.54% 11.44% 10.77% 13.20% 12.75% 13.37% 13.63% 12.68% - 12.90%
Earnings Yield		 0.00% 15.01% 13.16% 13.12% 9.63% 3.26% 3.82% 4.38% 3.58% - 1.59%
Enterprise Value to Invested Capital (EV/IC)		 16.35 0.88 0.92 0.94 0.91 0.93 0.92 0.92 0.91 - 0.94
Enterprise Value to Revenue (EV/Rev)		 0.00 7.76 7.50 13.98 16.17 59.51 45.13 27.41 57.99 - 106.20
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 18.91 20.62 19.80 23.08 74.82 58.41 55.47 81.88 - 169.42
Enterprise Value to EBIT (EV/EBIT)		 0.00 18.60 20.46 19.75 22.90 71.30 56.30 53.71 79.59 - 173.68
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 18.60 20.46 19.09 21.68 71.30 58.00 55.21 86.71 - 173.68
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 11.00 13.90 26.88 206.12 0.00 0.00 0.00 0.00 - 11.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 9.60
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 1.45 1.40 1.51 1.25 1.25 1.39 1.49 1.40 - 1.59
Long-Term Debt to Equity		 0.00 1.45 1.40 1.51 1.25 1.25 1.39 1.49 1.40 - 1.59
Financial Leverage		 0.00 1.45 0.46 1.57 1.28 1.33 1.39 1.50 1.32 - 1.48
Leverage Ratio		 0.00 2.52 1.59 2.59 2.30 2.36 2.42 2.53 2.34 - 2.50
Compound Leverage Factor		 0.00 2.55 1.64 2.59 2.36 2.45 2.36 2.53 2.34 - 2.50
Debt to Total Capital		 100.00% 59.26% 58.28% 60.09% 55.59% 55.50% 58.14% 59.86% 58.33% - 61.39%
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		 100.00% 59.26% 58.28% 60.09% 55.59% 55.50% 58.14% 59.86% 58.33% - 61.39%
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		 0.00% 40.74% 41.72% 39.91% 44.41% 44.50% 41.86% 40.14% 41.67% - 38.61%
Debt to EBITDA		 0.00 12.80 13.04 12.65 14.06 44.54 36.97 36.02 52.78 - 110.63
Net Debt to EBITDA		 0.00 11.98 12.58 12.09 13.39 42.65 35.37 34.80 51.05 - 108.11
Long-Term Debt to EBITDA		 0.00 12.80 13.04 12.65 14.06 44.54 36.97 36.02 52.78 - 110.63
Debt to NOPAT		 0.00 12.59 12.94 12.19 13.21 42.45 36.71 35.84 55.89 - 113.42
Net Debt to NOPAT		 0.00 11.79 12.48 11.66 12.58 40.65 35.12 34.64 54.06 - 110.83
Long-Term Debt to NOPAT		 0.00 12.59 12.94 12.19 13.21 42.45 36.71 35.84 55.89 - 113.42
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)		 -18 0.00 -2,367 -2,417 -3,105 -722 -883 -895 -79 - 296
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		 0.00 0.11 0.12 0.13 0.11 0.02 0.02 0.04 0.02 - 0.01
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		 46 2,468 2,411 2,515 3,189 3,156 3,329 3,428 3,283 - 3,047
Invested Capital Turnover		 0.00 0.11 0.24 0.13 0.11 0.02 0.02 0.04 0.02 - 0.01
Increase / (Decrease) in Invested Capital		 46 0.00 2,388 2,446 3,143 689 917 912 94 - -282
Enterprise Value (EV)		 750 2,160 2,222 2,366 2,910 2,942 3,058 3,160 2,971 - 2,864
Market Capitalization		 773 791 867 921 1,222 1,265 1,206 1,177 1,119 - 1,036
Book Value per Share		 $0.00 $15.41 $15.42 $15.38 $15.10 $14.98 $14.86 $14.75 $14.66 - $12.76
Tangible Book Value per Share		 $0.00 $15.41 $15.42 $15.38 $15.10 $14.98 $14.86 $14.75 $14.66 - $12.76
Total Capital		 -23 2,468 2,411 2,515 3,189 3,156 3,329 3,428 3,283 - 3,047
Total Debt		 -23 1,462 1,405 1,512 1,773 1,752 1,935 2,052 1,915 - 1,870
Total Long-Term Debt		 -23 1,462 1,405 1,512 1,773 1,752 1,935 2,052 1,915 - 1,870
Net Debt		 -23 1,369 1,356 1,445 1,688 1,677 1,852 1,983 1,853 - 1,828
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)		 -2.05 2.05 -0.78 0.00 0.95 14 0.81 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 46 1,462 1,405 1,512 1,773 1,752 1,935 2,052 1,915 - 1,870
Total Depreciation and Amortization (D&A)		 -0.11 -0.10 -5.05 -0.08 -0.79 -1.06 7.03 0.01 0.04 - 0.29
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.46 $0.51 $0.39 $0.35 $0.31 $0.22 $0.32 $0.19 $0.29 ($0.12) ($0.30)
Adjusted Weighted Average Basic Shares Outstanding		 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M 82.37M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M 82.37M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M 82.37M
Normalized Net Operating Profit after Tax (NOPAT)		 20 30 15 21 27 -34 24 12 11 - 9.84
Normalized NOPAT Margin		 27.65% 29.28% 24.17% 29.79% 32.81% 0.00% 30.10% 19.31% 63.32% - 61.05%
Pre Tax Income Margin		 39.50% 41.83% 35.81% 42.56% 46.88% 0.00% 41.98% 27.58% 90.46% - 87.22%
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		 0.00% 108.71% 91.97% 81.55% 99.93% 338.35% 285.41% 281.46% 397.81% - 812.89%
Augmented Payout Ratio		 0.00% 110.73% 91.97% 81.55% 99.93% 338.35% 296.94% 292.08% 414.82% - 1,352.06%

Financials Breakdown Chart

Key Financial Trends

Market context: MidCap Financial Investment Corp (MFIC) shows notable quarterly volatility across 2023–2025, with periods of strong financing activity and cash generation, but recurring pressure on net income in late 2024 and 2025. The company has remained liquidity-focused, largely funding activities through debt issuances while maintaining a large but steady asset base. Key takeaways for retail investors: liquidity support via debt issuance, mixed operating cash flow, and a levered balance sheet that carries meaningful long-term debt.

  • Debt financing activity provides liquidity: Issuance of debt in 2025 quarters remained robust (Q4 2025 about $598.7 million; Q3 2025 about $312.4 million), supporting liquidity and funding activities.
  • Operating cash flow improvements in select quarters: Net cash from continuing operating activities was positive in Q4 2025 (+$6.33 million) and notably strong in Q3 2025 (+$165.0 million), indicating periods of solid operating cash generation.
  • Positive overall cash movement in Q4 2025: Net change in cash and equivalents was positive (+$32.99 million) driven by financing inflows and debt issuance, contributing to near-term liquidity.
  • Total assets remain near a stable level around $3.3 billion across the 2025 period, suggesting a conserved asset base despite earnings volatility.
  • Long-term debt remains a dominant component of liabilities, typically around or above $1.9 billion, indicating a consistently levered capital structure.
  • Total equity generally sits around $1.2–$1.4 billion across 2024–2025, reflecting a sizable but relatively flat equity base alongside high liabilities.
  • Earnings per share and net income swing: Q3 2025 produced positive earnings per share (approx. $0.29) and net income for common shareholders, while Q4 2025 flipped to a quarterly loss (EPS around -$0.12; net income attributable to common shareholders negative), highlighting earnings volatility.
  • Revenue volatility: Total revenue has fluctuated across quarters, with a notable negative reading in some periods (e.g., Q4 2025), reflecting earnings volatility rather than a consistent upward trend.
  • Q4 2025 net income decline: Net income attributable to common shareholders was negative in Q4 2025 (approx. -$20.995 million), signaling a material quarterly loss despite liquidity support elsewhere in the statement.
  • Dividend-related cash outflow pressures: Cash financing activities include meaningful dividend payments (e.g., around $35 million in Q4 2025 and similar levels in nearby quarters), which reduce available cash despite debt issuance and help explain cash flow dynamics.
05/14/26 07:49 AM ETAI Generated. May Contain Errors.

MidCap Financial Investment Financials - Frequently Asked Questions

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

MidCap Financial Investment's net income appears to be on a downward trend, with a most recent value of $42.61 million in 2025, falling from $87.95 million in 2021. The previous period was -$23.49 million in 2024. See MidCap Financial Investment's forecast for analyst expectations on what's next for the company.

Over the last 3 years, MidCap Financial Investment's total revenue changed from $205.49 million in 2021 to $52.28 million in 2025, a change of -74.6%.

MidCap Financial Investment's total liabilities were at $2.02 billion at the end of 2025, a 12.9% increase from 2024, and a 26.4% increase since 2021.

In the past 4 years, MidCap Financial Investment's cash and equivalents has ranged from $30.03 million in 2021 to $98.18 million in 2025, and is currently $98.18 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:MFIC last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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