MidCap Financial Investment (MFIC) Financial Statements & Analysis

MidCap Financial Investment (MFIC) Income Statement

MidCap Financial Investment reported revenue of $78.04M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 65.5% from $226.31M a year earlier. Net income was $63.17M, down 36.1% year over year, a net margin of 80.9%. Gross margin was 293.3% and operating margin 251.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $68.23M, up 233.5% from the same quarter a year earlier.

MidCap Financial Investment Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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MidCap Financial Investment Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Revenue & Gross Profit
Revenue	78.04	226.31	237.35	96.72	59.07	126.73	182.15	84.03	89.03
Cost of Revenue	45.54	115.96	104.20	47.40	-	55.02	55.42	57.63	0.00
Gross Profit	228.85	110.35	133.15	213.16	216.75	96.72	126.73	26.40	89.03
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Selling, General & Administrative	12.94	12.30	15.97	14.94	7.55	15.26	15.26	18.15	16.51
Operating Expenses	14.87	11.53	14.39	14.35	51.31	14.87	14.87	12.09	2.00
Operating Income	196.57	98.82	118.76	150.98	165.44	82.36	111.86	130.27	140.07
Other Income/Expense
Interest Income	317.97	296.77	271.13	204.19	-	210.53	210.53	231.64	233.36
Interest Expense	127.08	115.96	104.20	55.02	-55.42	55.42	55.42	58.32	53.04
Other Income/Expense	-133.40	0.00	0.00	-72.88	-	0.00	0.00	-58.32	-53.04
Income
Income Before Tax	63.17	98.82	118.76	82.36	26.94	111.86	111.86	71.95	87.03
Income Tax Expense	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Net Income	63.17	98.82	118.76	82.36	24.78	111.86	111.86	71.95	87.03
Net Income - Continuous Operations	63.17	98.82	118.76	82.36	-	111.86	111.86	71.95	87.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-1.70	98.82	118.76	0.00	0.00	82.36	111.86	130.27	140.07
EBIT	269.07	249.26	220.20	150.98	165.44	-	-	-	-
Depreciation & Amortization	0.00	0.00	0.00	0.23	-	0.00	0.00	0.16	0.05
Earnings Per Share
Basic EPS	1.00	1.00	2.00	1.00	2.00	2.00	2.00	1.00	1.00
Diluted EPS	1.00	1.00	2.00	1.00	2.00	2.00	2.00	1.00	1.00
Basic Shares Outstanding	92.90	77.96	65.33	64.35	64.51	65.42	65.26	70.65	72.87
Diluted Shares Outstanding	92.90	77.96	65.33	64.35	64.51	65.42	65.26	70.65	72.87

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

Frequently Asked Questions About MidCap Financial Investment Financial Statements

What was MidCap Financial Investment's revenue in fiscal 2025?

MidCap Financial Investment reported revenue of $78.04M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 65.5% from $226.31M a year earlier.

Is MidCap Financial Investment profitable?

Yes. MidCap Financial Investment earned net income of $63.17M in fiscal 2025, a net margin of 80.9%. In fiscal 2024 it earned $98.82M.

What is MidCap Financial Investment's operating margin?

MidCap Financial Investment's operating income was $196.57M on revenue of $78.04M in fiscal 2025, an operating margin of 251.9%, compared with 43.7% 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