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MidCap Financial Investment (MFICL) Financials

$25.54 +0.05 (+0.18%)
As of 03:56 PM Eastern
This is a fair market value price provided by Massive. Learn more.
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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 16 30 43 25 13 27 -33 30 18 15 -21
Consolidated Net Income / (Loss)		 16 30 40 22 13 37 -47 33 17 15 -23
Net Income / (Loss) Continuing Operations		 16 30 40 22 13 37 -47 33 17 15 -23
Total Pre-Tax Income 		16 28 42 22 13 38 -48 33 17 15 -23
Total Revenue		 64 71 101 61 15 81 -136 79 62 17 -106
Net Interest Income / (Expense)		 41 67 124 67 0.00 80 -189 78 81 0.00 -159
Total Interest Income		 67 67 73 67 0.00 80 -215 78 81 0.00 -159
Total Non-Interest Income		 23 3.47 -23 -5.59 15 0.42 53 0.98 -19 17 53
Other Service Charges		 -5.09 0.28 6.60 1.71 0.89 1.04 0.60 0.33 0.22 0.46 1.03
Net Realized & Unrealized Capital Gains on Investments		 29 -0.21 -28 -7.47 14 - - -0.19 -17 16 51
Total Non-Interest Expense		 48 41 59 40 2.10 44 -90 45 45 1.60 -82
Other Operating Expenses		 46 35 48 34 2.10 40 -73 39 41 1.60 -75
Basic Earnings per Share		 $0.39 $0.46 $0.51 $0.39 $0.35 $0.31 $0.22 $0.32 $0.19 $0.29 ($0.12)
Weighted Average Basic Shares Outstanding		 65.25M 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M
Weighted Average Diluted Shares Outstanding		 65.25M 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M
Weighted Average Basic & Diluted Shares Outstanding		 65.25M 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
Net Change in Cash & Equivalents		 -20 -7.03 79 -72 17 18 -8.99 9.23 -13 -5.41 33
Net Cash From Operating Activities		 8.32 64 78 9.37 -64 -10 55 -131 -91 166 6.33
Net Cash From Continuing Operating Activities		 8.32 64 78 9.37 -64 -10 55 -131 -90 165 6.33
Net Income / (Loss) Continuing Operations		 25 30 33 25 23 27 24 30 18 27 -13
Consolidated Net Income / (Loss)		 25 30 33 25 23 27 24 30 18 27 -13
Depreciation Expense		 - - - -5.03 - - - 7.06 - - 32
Amortization Expense		 -0.58 -0.11 -0.10 -0.02 -0.08 -0.79 -1.06 -0.04 0.01 0.04 0.07
Non-Cash Adjustments to Reconcile Net Income		 -21 42 36 -9.66 -88 -29 14 -156 -100 142 -11
Changes in Operating Assets and Liabilities, net		 4.68 -7.85 9.16 -1.41 2.12 -7.52 18 -13 -0.66 -1.22 -1.49
Net Cash From Financing Activities		 -28 -71 0.54 -82 81 28 -64 141 78 -172 27
Net Cash From Continuing Financing Activities		 -28 -71 0.54 -82 81 28 -64 141 78 -172 27
Issuance of Debt		 60 36 488 82 131 152 80 1,022 186 312 599
Repayment of Debt		 -50 -82 -463 -139 -25 -70 -100 -840 -73 -449 -519
Repurchase of Common Equity		 - - - 0.00 - - - -6.08 - - -13
Payment of Dividends		 -25 -25 -25 -25 -25 -54 -36 -36 -35 -35 -35
Other Financing Activities, Net		 - - -0.03 0.00 - -0.01 -8.63 -0.03 0.03 - -5.11
Cash Interest Paid		 21 30 16 25 23 37 25 32 24 36 28

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 3,168
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 33
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 2.04
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
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
Total Assets		 2,489 2,503 2,455 2,445 2,551 3,216 3,356 3,462 3,309
Cash and Due from Banks		 70 49 43 50 66 84 84 69 63
Trading Account Securities		 - - - - - - 0.03 0.00 0.00
Loans and Leases, Net of Allowance		 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
Other Assets		 2,428 2,451 2,414 2,399 2,484 3,064 3,223 3,367 3,218
Total Liabilities & Shareholders' Equity		 3,603 2,503 2,455 2,445 2,551 3,216 3,356 3,462 3,309
Total Liabilities		 1,496 1,512 1,458 1,439 1,547 1,800 1,962 2,086 1,942
Accrued Interest Payable		 7.18 10 4.87 13 15 8.59 9.40 17 11
Long-Term Debt		 1,471 1,483 1,434 1,405 1,512 1,773 1,935 2,052 1,915
Other Long-Term Liabilities		 6.13 6.30 5.97 7.13 6.49 11 9.27 9.13 8.43
Commitments & Contingencies		 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
Total Preferred & Common Equity		 2,107 992 997 1,006 1,004 1,416 1,393 1,376 1,368
Total Common Equity		 2,107 992 997 1,006 1,004 1,416 1,393 1,376 1,368
Common Stock		 2,107 2,105 2,105 2,104 2,104 2,544 2,652 2,652 2,652
Retained Earnings		 - -1,113 -1,108 -1,098 -1,100 -1,128 -1,259 -1,276 -1,284

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 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
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 $0.46 $0.51 $0.39 $0.35 $0.31 $0.22 $0.32 $0.19 $0.29 ($0.12)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M
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		 0.00 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M
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		 0.00 65.25M 65.25M 65.25M 93.78M 93.78M 93.78M 93.30M 93.30M 93.30M 92.21M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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.
05/06/26 12:31 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About MidCap Financial Investment's Financials

When does MidCap Financial Investment's fiscal year end?

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.

How has MidCap Financial Investment's net income changed over the last 3 years?

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.

How has MidCap Financial Investment's revenue changed over the last 3 years?

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%.

How much debt does MidCap Financial Investment have?

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.

How much cash does MidCap Financial Investment have?

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.



Financial statements for NASDAQ:MFICL last updated on 3/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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