Q2 25 EPS
$0.39
BEAT +3.94%
Est. $0.38
Q2 25 Revenue
$81.2M
MISS 0.42%
Est. $81.6M
vs S&P Since Q2 25
-33.3%
TRAILING MARKET
MFIC -16.3% vs S&P +17.0%
Market Reaction
Did MFIC Beat Earnings? Q2 2025 Results
MidCap Financial Investment Corporation posted a mixed but broadly solid second quarter, with earnings per share edging past Wall Street's expectations even as revenue fell just short. The business development company reported net investment income o… Read more MidCap Financial Investment Corporation posted a mixed but broadly solid second quarter, with earnings per share edging past Wall Street's expectations even as revenue fell just short. The business development company reported net investment income of $0.39 per share for Q2 2025, clearing the $0.38 consensus estimate by 3.94%, while total investment income of $81.25 million came in fractionally below the $81.59 million forecast, a gap of just 0.42%. The top line still told a compelling growth story, rising 55.6% year over year from $69.16 million, fueled by portfolio expansion that saw total investments at fair value reach $3.33 billion across 249 companies, up from 165 a year earlier. NAV per share slipped 1.2% sequentially to $14.75, reflecting $18.28 million in net realized and unrealized losses tied to challenges at a handful of portfolio companies. Looking ahead, management expects a roughly $90 million net repayment from Merx Aviation Finance in Q3, with capital redeployment into core lending assets anticipated to be accretive to earnings; the board also declared a $0.38 per share dividend for the period.
Key Takeaways
- • Net investment income per share increased to $0.39 from $0.37 sequentially
- • Total investment income grew to $81.2 million from $69.2 million year-over-year
- • New investment commitments of $262 million during the quarter
- • Net fundings including revolvers totaled $144 million
- • Portfolio grew to 249 companies from 165 a year ago
- • 93% of portfolio in first lien secured debt
- • 99% floating rate portfolio
MFIC YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“Throughout the June quarter, we continued to deploy capital into assets sourced by MidCap Financial. Despite the competitive environment, we have remained disciplined in our underwriting and new commitments have what we believe to be strong credit attributes. NAV declined due to challenges faced by a handful of companies.”
— Tanner Powell, Q2 2025 Earnings Press Release
MFIC Earnings Trends
MFIC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MFIC EPS Trend
Earnings per share: estimate vs actual
MFIC Revenue Trend
Quarterly revenue: estimate vs actual
MFIC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.35 | $0.38 | +9.04% | $71.8M | -3.57% |
| Q4 25 BEAT FY | $0.37 | $0.39 | +5.86% | $78.4M | -0.65% |
| FY Full Year | $1.50 | $1.52 | +1.23% | $320.9M | -0.21% |
| Q3 25 BEAT | $0.38 | $0.38 | +0.37% | $82.6M | -1.09% |
| Q2 25 BEAT | $0.38 | $0.39 | +3.94% | $81.2M | -0.42% |
| Q1 25 MISS | $0.38 | $0.37 | -3.44% | $78.7M | -4.60% |