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MidCap Financial Investment Corporation (MFIC)
NASDAQ:MFIC
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.39Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mix of constructive portfolio and capital‑allocation actions (large, opportunistic buyback authorization; disciplined first‑lien, sponsor‑backed portfolio; improving non‑accruals; lower cost of debt) alongside material near‑term headwinds (quarterly GAAP and portfolio losses, NAV down 3.3%, yield compression, several non‑accruals and one‑time financing losses). Management has taken proactive steps to support shareholder value (aggressive repurchases, dividend reset, balance sheet actions) but recent realized losses and legacy credit markdowns temper near‑term results. Overall, the tone is pragmatic and action‑oriented, with both meaningful positives and notable challenges.Company Guidance
New and Expanded Share Repurchase Authorization
Board authorized a new $100.0M stock repurchase plan (in addition to ~$7.9M remaining under prior authorization), bringing total repurchase capacity to $107.9M; repurchased ~1.1M shares in the quarter at an average discount of 18%, generating approximately $0.03 per share of NAV accretion.
Dividend Declared After Reassessment
Board declared a quarterly dividend of $0.31 per share (record March 10, payable March 26) following a reassessment of long-term earning power given lower base rates and spread compression.
Portfolio Size, Diversification and First‑Lien Focus
Portfolio fair value of $3.17B invested across 247 companies and 46 industries; 99% first lien and 92% sponsor‑backed (direct origination), average funded position $12.8M, median EBITDA ~ $50M, and 94% of deals with one or more covenants.
Active New Commitments and Net Fundings
Made $141M of new commitments across 26 transactions in the quarter (weighted average spread 497 bps, weighted avg net leverage on new commitments 4.0x); gross fundings (ex revolvers & Merx) $156M, sales/repayments $119M, net funded activity +$25M.
Improved Credit Metrics / Decline in Non‑Accruals
Investments on non‑accrual declined to 2.6% of portfolio fair value from 3.1% QoQ; weighted average interest coverage improved to 2.3x (from 2.2x); borrower net leverage stable at 5.29x.
Low and Carefully Underwritten Software Exposure
Software represents 11.4% of portfolio (well below BDC industry average); primarily cash‑pay, 100% first lien, diversified across 29 borrowers, average position ~$12M, average LTV 32%, weighted average net leverage ~4.6x and weighted average spread ~548 bps.
Reduction in Cost of Debt and Lower Expenses
Cost of debt declined to 5.95% from 6.37% QoQ (down ~42 bps); net expenses fell to $42.4M, down $4.9M or 10.4% QoQ, driven by absence of incentive fees and lower interest expense.
Merx Recoveries and Ongoing Realizations
Merx repayment activity: $7.5M paydown during quarter and an additional $22M repaid after quarter-end (total $29.5M); Merx fair value ~$103M (3% of portfolio) with servicing business representing ~29% of Merx value at quarter end.
MidCap Financial Investment Corporation (MFIC) Earnings, Revenues Date & History
MFIC 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
MFIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $10.53 | ― | ― |
Nov 06, 2025 | $11.74 | $11.65 | -0.77% |
Aug 11, 2025 | $11.87 | $12.28 | +3.45% |
May 12, 2025 | $11.47 | $11.67 | +1.74% |
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 Aug 05, 2026, After Close (Confirmed).
What is MidCap Financial Investment Corporation (MFIC) earnings time?
MidCap Financial Investment Corporation (MFIC) earnings time is at Aug 05, 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 MFIC EPS forecast?
Currently, no data Available