MSC Income Fund (MSIF) Financial Statements & Analysis

MSC Income Fund (MSIF) Income Statement

MSC Income Fund reported revenue of $97.49M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 4.2% from $101.75M a year earlier. Net income was $88.73M, up 56.9% year over year, a net margin of 91.0%. Gross margin was 96.7% and operating margin 129.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $45.56M, up 27.8% from the same quarter a year earlier.

MSC Income Fund Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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MSC Income Fund, Inc. 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	97.49	101.75	131.39	51.74	82.38	-4.35	44.49	41.47	55.82
Cost of Revenue	35.37	39.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	94.28	62.71	131.39	103.77	90.13	-4.35	44.49	41.47	55.82
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	5.04	14.51	37.26	9.05	8.74	7.80	7.13	6.19	7.23
Operating Expenses	5.04	5.06	37.26	4.51	6.86	4.17	4.05	1.19	3.20
Operating Income	126.38	57.66	94.13	77.29	67.83	-8.52	40.45	40.28	52.63
Other Income/Expense
Interest Income	139.15	117.82	0.00	90.81	72.54	76.98	100.54	101.77	95.68
Interest Expense	33.93	39.04	-36.46	24.42	14.47	17.21	25.68	24.82	18.32
Other Income/Expense	-33.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	92.45	57.66	69.98	47.23	75.53	-8.52	40.45	40.28	52.63
Income Tax Expense	3.72	1.11	2.73	1.64	1.89	1.24	0.82	0.00	0.00
Net Income	88.73	56.55	66.21	45.59	73.64	-9.76	39.63	40.28	52.63
Net Income - Continuous Operations	88.73	56.55	66.21	45.59	73.64	-9.76	39.63	40.28	52.63
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	126.38	57.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT	99.45	96.36	94.13	77.29	67.83	64.03	-	-	-
Depreciation & Amortization	0.00	0.00	0.00	0.00	0.00	1.66	1.72	1.74	3.19
Earnings Per Share
Basic EPS	2.00	1.00	2.00	1.00	2.00	-	1.00	1.00	1.00
Diluted EPS	2.00	1.00	2.00	1.00	2.00	-	1.00	1.00	1.00
Basic Shares Outstanding	46.50	40.17	40.13	40.00	39.94	39.61	39.38	39.62	39.62
Diluted Shares Outstanding	46.50	40.17	40.13	40.00	39.94	39.61	39.38	39.62	39.62

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

Frequently Asked Questions About MSC Income Fund Financial Statements

What was MSC Income Fund's revenue in fiscal 2025?

MSC Income Fund reported revenue of $97.49M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 4.2% from $101.75M a year earlier.

Is MSC Income Fund profitable?

Yes. MSC Income Fund earned net income of $88.73M in fiscal 2025, a net margin of 91.0%. In fiscal 2024 it earned $56.55M.

What is MSC Income Fund's operating margin?

MSC Income Fund's operating income was $126.38M on revenue of $97.49M in fiscal 2025, an operating margin of 129.6%, compared with 56.7% 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