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Fidus Investment (FDUS)
NASDAQ:FDUS
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.51Last Year’s EPS
0.54Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong operating performance: record quarterly originations, meaningful portfolio growth to $1.3B, NAV up 13.2%, robust liquidity, low nonaccruals, high first‑lien concentration and solid recurring yields. Offsets were modest: a small decline in adjusted NII per share year‑over‑year, slight yield compression, higher Q4 expenses driven by taxes and interest, and an isolated realized loss. Management expressed confidence in the software/tech portfolio and expects deal activity to pick up over 2026 after a more modest Q1.Company Guidance
Record Quarterly Originations
Originations in Q4 2025 were $213,700,000—the highest amount of capital invested in a single quarter in company history; full-year 2025 investments totaled $498,200,000 (higher than 2024) with net originations of $210,200,000.
Portfolio Growth and Strong Valuation
Total portfolio grew to $1,300,000,000 on a fair value basis (102% of cost) at year-end; net asset value increased 13.2% to $741,900,000 versus $655,700,000 as of 12/31/2024, with NAV per share of $19.55 vs $19.33 a year earlier.
Income and Fee Momentum
Adjusted net investment income (NII) grew 5.1% to $19,400,000 in Q4; fee income increased ~60% year-over-year for Q4 2024 vs Q4 2025, and total investment income for Q4 was $42,200,000 (up $4,900,000 vs Q3).
Dividend Coverage and Shareholder Returns
Company continued to over-earn its base dividend: paid total dividends of $0.50 per share in Q4; board declared a total dividend of $0.52 per share (base $0.43 + supplemental $0.09); estimated spillover income totaled $1.01 per share at year-end.
Conservative Capital Structure and Liquidity
Net debt outstanding was $658,300,000 with net debt-to-equity of 0.8x (statutory leverage excluding SBA debentures 0.6x); weighted average interest rate on outstanding debt was 5.2%; total liquidity approximately $304,800,000 (cash $79.6M, $141.2M line availability, $84.0M SBA availability).
Portfolio Credit Quality and Structural Protections
Nonaccruals were under 1% of the portfolio on a fair value basis (2% on cost basis); first lien investments comprised 86% of the debt portfolio; overall weighted average loan-to-value for software/tech portfolio was low (reported between ~30%–37%)—providing meaningful cushions versus collateral values.
High Yielding Debt Portfolio
Weighted average effective yield on debt investments remained robust at 12.6% as of 12/31/2025 (versus 13.0% at end of Q3), supporting strong recurring income generation.
Active Balance Sheet Management
Executed $100M add-on to 6.75% notes (used to redeem $100M of Jan-2026 notes), expanded line of credit accordion from $175M to $225M, and raised $31.5M net via ATM program during Q4—demonstrating access to financing and proactive liquidity management.
FDUS Earnings History
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
FDUS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $18.40 | $17.71 | -3.75% |
Nov 06, 2025 | $20.15 | $19.27 | -4.37% |
Aug 07, 2025 | $19.47 | $20.26 | +4.06% |
May 08, 2025 | $17.61 | $18.15 | +3.07% |
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 Fidus Investment (FDUS) report earnings?
Fidus Investment (FDUS) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Fidus Investment (FDUS) earnings time?
Fidus Investment (FDUS) earnings time is at Apr 30, 2026, 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FDUS EPS forecast?
FDUS EPS forecast for the fiscal quarter 2026 (Q1) is 0.51.