NYSE$MAIN

Main Street Capital Corp. · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Main Street Capital reported Q3 2025, revenue of $139.8M, net income of $3M.

For Q3 2025, Main Street Capital reported revenue of $139.8M, net income of $3M. Management discusses operating trends, capital allocation, and outlook in the quarterly filing.

  • Revenue $139.8M.
  • Net income $3M.
  • Main Street Capital highlights liquidity, costs, and near-term priorities.

Headline financials

Total Revenue

$75.7M

Previous: $117M-35.3%
EPS (adj)

$1.03

Previous: $1.00+3.0%
Return on Equity

17.0%

No prior period
Net Asset Value Per Share

$32.78

Previous: $31.65+3.6%
Operating Expenses to Assets

1.4%

Previous: 1.3%+7.7%
LMM Portfolio Companies

88

No prior period
LMM Portfolio Fair Value

$2.78B

No prior period
Private Loan Portfolio Companies

86

No prior period
Private Loan Portfolio Fair Value

$1.89B

No prior period
Middle Market Portfolio Companies

11

No prior period
Middle Market Portfolio Fair Value

$89.9M

No prior period
External AUM

$1.6B

No prior period
Net Income

$124M

Previous: $124M-0.3%
Operating Income

$89.5M

Previous: $112M-20.4%

Revenue & EPS history

Main Street Capital · Revenue · Quarterly

$75.7M

Q3 2025-35.3%vs Q3 2024
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Revenue by segment

Main Street Capital · $123M total across 3 segments · Q3 2023

  • Interest Income
    $99.4M+32.5%
  • Dividend Income
    $21.2M+9.1%
  • Fee Income
    $2.66M-32.4%

Forward guidance

REIT/BDC outlook tied to rates, spreads, occupancy, and dividend coverage.

Tailwinds

  • Portfolio yield and occupancy trends.
  • Balance sheet flexibility.
  • Disciplined capital allocation.

Headwinds

  • Interest rate sensitivity.
  • Credit and lease rollover risk.
  • Fair-value marks on investments.

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 2025

Historical avgQ3 2025

+0.8%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+0.1%

Avg return

30 days after

66%

42 / 64 earnings

Positive

+8.1%

Q1 2010

Best reaction

-9.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.4%-10.0%-8.4%
Q4 2025-2.2%+1.4%-11.3%
Q3 2025+2.9%+3.5%+6.3%
Q1 2025-0.2%+0.3%+8.4%
Q4 2024+3.2%-1.5%-3.9%
Q3 2024+0.6%+1.4%+7.3%
Q2 2024-0.7%-1.1%-0.6%
Q1 2024-2.4%-1.6%-3.7%
Q4 2023+1.0%+2.7%+2.5%
Q3 2023+3.5%+2.2%+6.1%
Q2 2023-0.2%-1.7%-4.3%
Q1 2023-0.7%-0.4%-0.7%
Q4 2022+3.0%+6.7%-1.3%
Q3 2022+4.6%+4.7%+2.0%
Q2 2022+1.2%-0.9%-9.7%
Q1 2022-1.5%-5.5%-8.6%
Q4 2021+2.7%+2.0%+0.3%
Q3 2021+4.0%+4.4%+0.4%
Q2 2021+0.8%+2.3%+0.5%
Q1 2021-1.0%-3.6%-2.2%
Q4 2020-0.7%-0.6%+6.3%
Q3 2020+0.0%+8.3%+12.8%
Q2 2020+3.2%+4.8%-4.0%
Q1 2020+4.0%+6.5%+32.5%
Q4 2019-8.0%-5.0%-41.2%
Q3 2019-3.5%-2.3%-1.4%
Q2 2019-0.0%+1.8%+3.7%
Q1 2019+2.2%+2.2%+2.6%
Q4 2018-1.8%-4.1%-4.9%
Q3 2018-0.4%+4.6%+2.5%
Q2 2018+2.1%+2.8%+1.9%
Q1 2018+2.5%+3.1%+2.2%
Q4 2017+0.5%+0.1%+2.3%
Q3 2017+2.2%+3.4%+0.1%
Q2 2017-0.4%+2.1%+0.2%
Q1 2017+0.7%-0.3%-3.7%
Q4 2016+0.2%-1.1%-0.6%
Q3 2016+1.0%+4.1%+10.5%
Q2 2016+1.7%+1.1%+1.8%
Q1 2016+1.0%
Q4 2015+3.3%
Q3 2015-1.3%
Q2 2015-2.4%
Q1 2015+1.1%
Q4 2014+0.1%
Q3 2014+2.2%
Q2 2014+2.9%
Q1 2014-2.6%
Q4 2013-0.7%
Q3 2013+1.0%
Q2 2013+0.9%
Q1 2013+2.6%
Q4 2012+2.9%
Q3 2012+2.4%
Q2 2012+1.7%
Q1 2012+0.7%
Q4 2011+1.5%
Q3 2011+0.9%
Q2 2011-9.4%
Q1 2011+4.3%
Q4 2010+2.3%
Q3 2010+5.1%
Q2 2010+2.1%
Q1 2010+8.1%

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