Main Street Capital (MAIN) Financial Statements & Analysis

Main Street Capital (MAIN) Income Statement

Main Street Capital reported revenue of $566.39M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 5.8% from $601.25M a year earlier. Net income was $493.40M, down 2.9% year over year, a net margin of 87.1%. Gross margin was 113.8% and operating margin 91.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $149.57M, up 3.9% from the same quarter a year earlier.

Main Street Capital Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Main Street Capital Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	566.39	601.25	509.88	396.46	411.17	222.61	218.06	252.68	264.47
Cost of Revenue	0.00	123.43	102.58	78.28	58.84	49.59	50.26	43.49	36.48
Gross Profit	644.50	541.03	500.39	318.19	411.17	222.61	167.80	209.18	227.99
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	50.21	-3.74	-4.01	3.09	2.22	24.25	5.87	5.10	5.30
Operating Expenses	124.30	62.54	58.79	53.26	47.55	35.08	36.99	34.82	32.90
Operating Income	520.20	478.49	441.59	264.93	363.63	187.53	130.81	174.37	195.09
Other Income/Expense
Interest Income	566.39	541.03	500.39	376.86	289.05	173.68	187.38	177.10	161.93
Interest Expense	128.00	123.43	102.58	78.28	58.84	-49.59	50.26	43.49	36.48
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	520.20	538.71	451.09	264.93	363.63	15.84	130.81	174.37	195.09
Income Tax Expense	26.80	30.63	22.64	23.33	32.86	-13.54	1.24	6.15	24.47
Net Income	493.40	508.08	428.45	241.61	330.76	29.38	129.57	168.21	170.62
Net Income - Continuous Operations	493.40	508.08	428.45	241.61	330.76	29.38	129.57	168.21	170.62
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	6.52	5.16	3.33	264.93	363.63	18.36	136.57	174.37	195.09
EBIT	494.74	478.49	441.59	323.60	241.50	187.53	-	-	-
Depreciation & Amortization	6.52	5.16	3.33	0.00	0.00	2.51	5.75	0.00	0.00
Earnings Per Share
Basic EPS	6.00	6.00	5.00	3.00	5.00	-	2.00	3.00	3.00
Diluted EPS	6.00	6.00	5.00	3.00	5.00	-	2.00	3.00	3.00
Basic Shares Outstanding	89.36	86.81	81.92	74.48	68.96	65.71	62.96	60.18	56.69
Diluted Shares Outstanding	89.36	86.81	81.92	74.48	68.96	65.71	62.96	60.18	56.69

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Main Street Capital Financial Statements

What was Main Street Capital's revenue in fiscal 2025?

Main Street Capital reported revenue of $566.39M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 5.8% from $601.25M a year earlier.

Is Main Street Capital profitable?

Yes. Main Street Capital earned net income of $493.40M in fiscal 2025, a net margin of 87.1%. In fiscal 2024 it earned $508.08M.

What is Main Street Capital's operating margin?

Main Street Capital's operating income was $520.20M on revenue of $566.39M in fiscal 2025, an operating margin of 91.8%, compared with 79.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition