MidCap Financial Investment Corp Earnings Per Share Disclosure
Note 4. Earnings Per Share
The following table sets forth the computation of earnings (loss) per share (“EPS”), pursuant to ASC 260-10, for the years ended December 31, 2025, 2024 and 2023, respectively.
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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Basic Earnings Per Share |
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Net increase (decrease) in net assets resulting from operations |
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$ |
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63,169 |
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$ |
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98,819 |
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$ |
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118,760 |
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Weighted average shares outstanding |
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93,257,555 |
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77,957,924 |
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65,330,350 |
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Basic earnings (loss) per share |
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$ |
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0.68 |
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$ |
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1.27 |
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$ |
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1.82 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 26, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.