MidCap Financial Investment Corp

Listed Company

MFICLCIK 0001278752NasdaqLarge AcceleratedMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$63.17M

Total Assets

—

Equity

—

Shares Out

92.21M

Op. Cash Flow

$-49.75M

Business

MidCap Financial Investment Corp is a closed-end, externally managed business development company that provides financing to middle-market companies. It primarily offers directly originated and privately negotiated debt investments, including first lien senior secured loans, unitranche, mezzanine and other debt, as well as occasional equity interests and warrants. The company operates through affiliated service providers, with an investment advisory function and an administration function overseeing investment selection, monitoring, valuation and portfolio administration. It focuses on U.S. middle-market borrowers and distributes investments through negotiated private transactions and secondary-market purchases.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-03-31
PIK interest income	18	12	3	4
Total Investment Income	321	302	277	213
Management fees	24	19	17	36
Performance-based incentive fees	16	22	25	12
Interest and other debt expenses	127	116	104	—
Administrative services expense	7	4	6	6
Other general and administrative expenses	6	8	10	9
Total expenses	180	169	162	118
Performance-based incentive fee offset	—	0	−274,000	−247,000
Expense reimbursements	−1	−769,000	−1	−343,000
Net Expenses	179	168	161	117
Net Investment Income	142	133	116	96
Net realized gains (losses)	−46	−76	131,000	—
Foreign currency forward contracts	−610,000	—	—	—
Foreign currency transactions	−233,000	−592,000	69,000	−6
Extinguishment of debt	−3	—	—	—
Net realized gains (losses)	−50	−77	200,000	−67
Foreign currency forward contracts	−9,000	—	—	—
Foreign currency translations	−3	2	−3	9
Net change in unrealized gains (losses)	−29	43	3	54
Net Realized and Change in Unrealized Gains (Losses)	−79	−34	3	−14
Net Increase (Decrease) in Net Assets Resulting from Operations	63	99	119	82
Earnings (Loss) Per Share - Basic	0.68	1.27	1.82	1.28

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-03-31
Net increase (decrease) in net assets resulting from operations	63	99	119	82
Net change in unrealized (gains) losses	29	−43	−3	—
Net amortization of premiums and accretion of discounts on investments	−7	−9	−8	−10
Accretion of discount on notes	2	2	604,000	684,000
Amortization of deferred financing costs	5	5	5	5
PIK interest and dividends capitalized	−20	−15	−3	−4
Purchases of investments	−1,278	−1,013	−417	−1,141
Proceeds from sales and repayments of investments	1,127	867	497	1,057
Cash acquired in AFT and AIF Mergers	—	10	—	—
Decrease (increase) in interest receivable	−4	2	−4	−2
Decrease (increase) in dividends receivable	79,000	618,000	4	−1
Decrease (increase) in prepaid expenses and other assets	−2	16	2	188,000
Increase (decrease) in management and performance-based incentive fees payable	−6	854,000	2	1
Increase (decrease) in interest payable	54,000	−2	948,000	1
Increase (decrease) in accrued administrative services expense	168,000	−2	909,000	103,000
Increase (decrease) in other liabilities and accrued expenses	−5	−6	429,000	−115,000
Net Cash (Used in)/Provided by Operating Activities	−50	−10	196	−3
Issuances of debt	2,120	446	631	495
Payments of debt	−1,881	−334	−655	−401
Financing costs paid and deferred	−5	−9	−11	−333,000
Repurchase of common stock	−19	—	−2	−21
Distributions paid	−142	−140	−123	−93
Net Cash (Used in)/Provided by Financing Activities	73	−37	−161	−21
Net increase (decrease) in cash, cash equivalents and foreign currencies during the period	24	−46	35	−24
Effect of foreign exchange rate changes on cash and cash equivalents	36,000	−48,000	16,000	−18,000
Cash interest paid	120	111	97	48
PIK income	18	12	3	4
Purchases of investments	—	596	—	—
Debt assumed	—	−177	—	—
Issuance of common stock	—	440	—	—

Filings

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