NASDAQ$FDUS

Fidus Investment Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced financial results for the third quarter ended September 30, 2024.

Fidus Investment Corporation reported a total investment income of $38.4 million and net investment income of $21.4 million, or $0.64 per share, for the third quarter of 2024. The company invested $65.9 million in debt and equity securities and received $50.8 million from repayments and realizations. The board declared total dividends of $0.61 per share for the fourth quarter of 2024.

  • Total investment income of $38.4 million
  • Net investment income of $21.4 million, or $0.64 per share
  • Invested $65.9 million in debt and equity securities
  • Received proceeds from repayments and realizations of $50.8 million

Headline financials

Total Revenue

$35.6M

Previous: $40.6M-12.4%
EPS

$0.64

Previous: $0.68-5.9%
NAV per share

$19.42

Previous: $19.28+0.7%
Repayments and Realizations

$50.8M

Previous: $69.9M-27.3%
Investment Activity

$65.9M

Previous: $56.7M+16.2%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$16.5M

Previous: $7.66M+115.0%
Net Income

$16.5M

Previous: $7.66M+115.0%
Operating Income

$19.1M

Previous: $23M-16.9%
Gross Profit

$35.6M

Previous: $40.6M-12.4%
Cash & Equivalents

$54.4M

Previous: $80.3M-32.2%
Total Assets

$1.16B

Previous: $1.02B+13.5%

Revenue & EPS history

Fidus Investment · Revenue · Quarterly

$35.6M

Q3 2024-12.4%vs Q3 2023
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

Fidus Investment · $34.2M total across 5 segments · Q3 2023

  • Interest income
    $28.3M+31.6%
  • Payment-in-kind interest
    $2.79M+575.3%
  • Fee income
    $2.26M-6.6%
  • Interest on idle funds
    $566K+6975.0%
  • Dividend income
    $262K-59.4%

Forward guidance

The board of directors declared a base dividend of $0.43 per share and a supplemental dividend of $0.18 per share for the fourth quarter, payable on December 27, 2024, to stockholders of record as of December 17, 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+1.7%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.9%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+16.1%

Q2 2020

Best reaction

-9.9%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%+1.5%-0.6%
Q4 2025-3.8%+1.1%-8.0%
Q3 2025-0.7%-5.4%-5.1%
Q1 2025+1.5%+7.7%+8.1%
Q4 2024+1.3%-2.3%-13.8%
Q3 2024-0.2%-2.0%+9.3%
Q2 2024-1.4%-1.6%+2.9%
Q1 2024-2.4%-3.0%-2.3%
Q4 2023-0.2%-1.7%+0.1%
Q3 2023+4.6%+4.5%+5.0%
Q2 2023-1.8%-3.8%-8.4%
Q1 2023+2.5%+1.9%+4.3%
Q4 2022+0.2%-0.1%-12.5%
Q3 2022+3.1%+4.7%-0.2%
Q2 2022+6.0%+3.5%+4.0%
Q1 2022+1.0%-3.5%+0.0%
Q4 2021+6.4%+5.7%+9.4%
Q3 2021+1.2%+0.8%-0.6%
Q2 2021+4.7%+8.2%+9.7%
Q1 2021+5.5%+1.5%+5.1%
Q4 2020+2.4%+5.4%+4.9%
Q3 2020+4.4%+9.6%+40.6%
Q2 2020+16.1%+21.3%+16.3%
Q1 2020-9.9%-15.4%+0.5%

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