NASDAQ$MFIC

MidCap Financial Investment Co · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

MidCap Financial Investment Corporation's financial results for Q2 2024 were announced, featuring a net investment income of $0.45 per share and a net asset value of $15.38 per share.

MidCap Financial Investment Corporation reported a net investment income of $0.45 per share for the quarter ended June 30, 2024, compared to $0.44 per share for the previous quarter. The company's net asset value was $15.38 per share as of June 30, 2024, slightly lower than the $15.42 reported as of March 31, 2024. The company closed mergers with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. on July 22, 2024, increasing net assets by 43.7% to $1.45 billion.

  • Net investment income per share was $0.45, up from $0.44 in the previous quarter.
  • Net asset value per share was $15.38, slightly down from $15.42 in the previous quarter.
  • New investment commitments totaled $285 million during the quarter.
  • Mergers with AFT and AIF closed on July 22, 2024, increasing net assets by 43.7% to $1.45 billion.

Headline financials

Total Revenue

$69.2M

Previous: $28.5M+142.3%
EPS (adj)

$0.45

Previous: $0.44+2.3%
NAV per Share

$15.38

No prior period
Net Leverage Ratio

1.45

Previous: 1.45+0.0%
Shares Repurchased

0

No prior period
Repurchase Cost

$0.00

No prior period
Free Cash Flow

$30.3M

Previous: $25.5M+19.0%
Net Income

$22.6M

Previous: $25.5M-11.3%
Operating Income

-$11.9M

Previous: -$11.6M-3.1%
Gross Profit

$33.3M

Previous: $28.4M+17.3%

Revenue & EPS history

MidCap Financial · Revenue · Quarterly

$69.2M

Q1 2025+142.3%vs Q1 2024
Beat estimate in 1 of 11 quarters(9%)
ActualEstimate

Forward guidance

Company is enthusiastic about realizing the potential benefits of a larger combined company—including enhanced returns for all stockholders, greater scale, and enhanced portfolio diversification.

Tailwinds

  • Enhanced returns for all stockholders
  • Greater scale
  • Enhanced portfolio diversification
  • Significant investing capacity
  • Prudently deploy capital in attractive investment opportunities

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 Q1 2025

Historical avgQ1 2025

-0.1%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+1.9%

Avg return

30 days after

48%

27 / 56 earnings

Positive

+10.0%

Q4 2012

Best reaction

-11.2%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-7.8%+1.2%+2.5%
Q1 2026+3.5%+2.0%-0.3%
Q3 2025-3.5%-4.1%-8.5%
Q1 2025-0.8%-0.5%+5.8%
Q3 2024-1.2%+3.3%+4.6%
Q2 2024-0.7%-2.0%+2.3%
Q1 2024-0.1%+2.4%+0.1%
Q4 2023-0.1%+0.7%+6.4%
Q4 2021-2.3%+1.6%-13.7%
Q3 2022-2.3%+1.6%-13.7%
Q4 2022-2.3%+1.6%-13.7%
Q3 2023-2.3%+1.6%-13.7%
Q1 2023+0.0%+3.1%+7.5%
Q2 2023+0.5%+9.5%+11.8%
Q2 2022+0.5%+9.5%+11.8%
Q1 2022+1.4%+1.3%+2.1%
Q3 2021+6.1%+4.5%+9.6%
Q2 2021+7.8%+20.5%+45.4%
Q1 2021-2.6%-0.1%-10.2%
Q4 2020+3.6%+8.6%+10.5%
Q3 2020-0.3%-2.0%-9.9%
Q2 2020+4.4%+2.5%+6.1%
Q1 2020+1.6%+2.1%+3.5%
Q4 2019+1.1%+1.5%+3.8%
Q3 2019-1.7%-0.5%-0.3%
Q2 2019+3.6%+5.0%+6.2%
Q1 2019-1.9%-2.4%-7.0%
Q4 2018-1.6%+1.6%+1.4%
Q3 2018+0.7%-0.9%-0.9%
Q2 2018+3.2%+5.1%+0.7%
Q1 2018+1.1%-0.2%-4.9%
Q4 2017-1.7%+0.2%+1.4%
Q3 2017-1.7%+1.7%+7.3%
Q2 2017+4.5%+2.8%+4.8%
Q1 2017-2.5%+1.2%+6.7%
Q4 2016-8.3%
Q3 2016-6.2%
Q2 2016+7.5%
Q1 2016-0.4%
Q4 2015+0.8%
Q3 2015+3.8%
Q2 2015+2.0%
Q1 2015+2.3%
Q4 2014+1.4%
Q3 2014+1.9%
Q2 2014+2.4%
Q1 2014+1.8%
Q4 2013+0.5%
Q3 2013-8.7%
Q2 2013-1.3%
Q1 2013-3.4%
Q4 2012+10.0%
Q3 2011-11.2%
Q2 2011+1.4%
Q1 2011-7.1%
Q4 2011-2.4%

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