The earnings call highlighted strong net investment income and significant progress in reducing exposure to the Merx portfolio, alongside positive developments in insurance recoveries and market conditions. However, challenges such as a decline in net asset value, increased nonaccruals, spread compression, and higher leverage were also noted.

Company Guidance

In the earnings call for MidCap Financial Investment Corporation (MFIC) for the second quarter of fiscal year 2025, the company reported a net investment income (NII) per share of $0.39, translating to an annualized return on equity (ROE) of 10.5%. The GAAP net income per share was $0.19, with an annualized ROE of 5.2%. The net asset value (NAV) per share was $14.75, reflecting a 1.2% decline primarily due to challenges faced by specific portfolio positions. The company made $262 million in new commitments across 29 transactions, with a significant portion attributed to existing portfolio companies. The weighted average spread on new commitments was 538 basis points, with a leverage ratio of 4.0x. The portfolio's total fair value was $3.33 billion, invested across 249 companies. MFIC reported successful progress in reducing its investment in Merx, its aircraft leasing portfolio company, which resulted in a paydown of $90 million and anticipated additional considerations of $30 million by early 2026. The company declared a quarterly dividend of $0.38 per share, with plans to redeploy capital from Merx to enhance long-term shareholder value.

Strong Net Investment Income

Net investment income per share was $0.39 for the quarter, corresponding to an annualized return on equity of 10.5%.

Merx Portfolio Reduction

Significant reduction in exposure to Merx with a post-quarter-end transaction covering the majority of its aircraft, leading to a $90 million paydown and a modest write-up on the investment.

Insurance Recoveries for Merx

Merx received $30.9 million in insurance payments related to aircraft detained in Russia, bringing total recoveries to $47.4 million.

Dividend Declaration

A quarterly dividend of $0.38 per share was declared for shareholders of record, payable on September 25, 2025.

Positive Market Environment

Improved market sentiment and increased M&A activities were observed, despite earlier volatility due to tariff announcements.

MidCap Financial Investment Corporation (MFIC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MFIC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2026 (Q2)	- / -	―	―	―	―
Aug 11, 2025	2025 (Q2)	0.38 / 0.39	0.45	-13.33% (-0.06)
May 12, 2025	2025 (Q1)	0.38 / 0.37	0.44	-15.91% (-0.07)
Feb 25, 2025	2024 (Q4)	0.40 / 0.40	0.46	-13.04% (-0.06)
Nov 07, 2024	2024 (Q3)	0.42 / 0.44	0.43	2.33% (+0.01)
Aug 07, 2024	2024 (Q2)	0.43 / 0.45	0.44	2.27% (+0.01)
May 07, 2024	2024 (Q1)	0.43 / 0.44	0.45	-2.22% (-0.01)
Feb 26, 2024	2023 (Q4)	0.43 / 0.46	0.43	6.98% (+0.03)
Nov 07, 2023	2023 (Q3)	0.44 / 0.43	0.35	22.86% (+0.08)
Nov 03, 2022	2023 (Q2)	0.36 / 0.35	0.33	6.06% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MFIC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$12.62	$13.06	+3.49%
May 12, 2025	$12.20	$12.41	+1.72%
Feb 25, 2025	$13.43	$12.96	-3.50%
Nov 07, 2024	$12.35	$12.52	+1.38%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Midcap Financial Investment Corporation (MFIC) report earnings?

Midcap Financial Investment Corporation (MFIC) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Midcap Financial Investment Corporation (MFIC) earnings time?

Midcap Financial Investment Corporation (MFIC) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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What is MFIC EPS forecast?

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