MidCap Financial Investment Corporation (MFIC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MFIC SEC filings page.
This page shows MidCap Financial Investment Corporation (MFIC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Portfolio assets expanded, but reported earnings weakened and distributions exceeded annual net income in FY2025.
From FY2023 to FY2025, total assets rose from$2.5B to$3.3B while net income fell from$118.8M to$63.2M ; the combination points to a larger investment base producing less reported income, not simple expansion of earnings capacity.
Balance-sheet financing became more demanding: liabilities increased from
Cash generation and distributions diverged. Operating cash flow moved from
Financial Health Signals
MidCap Financial Investment Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
MidCap Financial Investment Corporation passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, MidCap Financial Investment Corporation used $0.79 of operating cash (-$49.7M OCF vs $63.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
MidCap Financial Investment Corporation reported -$17.5M in net income in Q2 2026. This represents a decrease of 196.6% from the same quarter a year earlier. Against the prior quarter it is up 34.9%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
MidCap Financial Investment Corporation held $43.3M in cash against $1.7B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
MidCap Financial Investment Corporation's ROE was -1.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
MidCap Financial Investment Corporation spent $31.9M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 58.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
MFIC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Interest Expense | $27.1M-16.9% | $28.5M-6.5% | N/A | $33.0M+3.7% | $32.6M+20.7% | $30.5M+16.4% | N/A | $31.9M+21.2% |
| Net Income | -$17.5M-196.6% | -$26.9M-188.6% | N/A | $27.5M+2.8% | $18.1M-19.7% | $30.3M+19.0% | N/A | $26.7M-10.8% |
| EPS (Basic) | -$0.21-210.5% | -$0.30-193.8% | -$0.13-154.2% | $0.29-6.5% | $0.19-45.7% | $0.32-17.9% | $0.24-52.9% | $0.31-32.6% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax, EPS (Diluted), Diluted Shares (Avg).
MFIC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.9B-17.4% | $3.1B-8.5% | $3.3B+4.2% | $3.3B+2.9% | $3.5B+35.7% | $3.4B+37.2% | $3.2B+27.6% | $3.2B+31.0% |
| Cash & Equivalents | $43.3M-37.3% | $42.6M-49.1% | $98.2M+32.0% | $62.5M-26.0% | $69.0M+4.3% | $83.7M+68.7% | $74.4M-20.5% | $84.5M+96.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.8B-15.7% | $1.9B-3.5% | $2.0B+12.9% | $1.9B+7.9% | $2.1B+34.8% | $2.0B+36.4% | $1.8B+19.4% | $1.8B+23.4% |
| Long-Term Debt | $1.7B-15.2% | $1.9B-3.4% | $2.0B+13.9% | $1.9B+8.0% | $2.1B+35.7% | $1.9B+37.7% | $1.8B | $1.8B+23.6% |
| Total Equity | $1.1B-20.0% | $1.2B-15.6% | $1.3B-6.9% | $1.4B-3.4% | $1.4B+37.1% | $1.4B+38.5% | $1.4B+39.7% | $1.4B+42.1% |
| Retained Earnings | -$1.4B-13.1% | -$1.4B-11.3% | -$1.3B-7.4% | -$1.3B-13.9% | -$1.3B-16.0% | -$1.3B-14.7% | -$1.3B-14.1% | -$1.1B-1.8% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
MFIC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $189.3M+308.0% | $169.4M+229.0% | $6.3M-88.4% | $166.3M+1740.9% | -$91.0M-43.3% | -$131.3M-1501.1% | $54.8M-30.2% | -$10.1M-115.9% |
| Financing Cash Flow | -$188.7M-342.3% | -$226.1M-260.9% | $26.7M+141.8% | -$171.7M-715.4% | $77.9M-3.9% | $140.5M+271.7% | -$63.8M-12018.7% | $27.9M+139.4% |
| Dividends Paid | $25.5M-28.0% | $28.1M-21.1% | $35.0M-1.7% | $35.5M-34.8% | $35.5M+43.0% | $35.6M+43.7% | $35.6M+43.7% | $54.4M+119.4% |
| Share Buybacks | $31.9M | $76.0M+1150.6% | $12.9M | $0 | $0 | $6.1M | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
MFIC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -1.6%-2.9pp | -2.3%-4.5pp | N/A | 2.0%+0.1pp | 1.3%-0.9pp | 2.2%-0.3pp | N/A | 1.9%-1.1pp |
| Return on Assets | -0.6%-1.1pp | -0.9%-1.8pp | N/A | 0.8%0.0pp | 0.5%-0.4pp | 0.9%-0.1pp | N/A | 0.8%-0.4pp |
| Debt-to-Equity | 1.58+0.1x | 1.59+0.2x | 1.53+0.3x | 1.40+0.1x | 1.490.0x | 1.390.0x | 1.25-0.2x | 1.25-0.2x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| MidCap Financial Investment Corporation MFIC | FY2025 | N/A | $63.2M | N/A | $687.0M | — |
| NEW MOUNTAIN FINANCE CORPORATION NMFC | FY2025 | N/A | $16.5M | N/A | $651.2M | — |
| Kayne Anderson BDC, Inc. KBDC | FY2025 | N/A | $93.7M | N/A | $834.1M | — |
| Oaktree Specialty Lending Corporation OCSL | FY2025 | N/A | $33.9M | N/A | $1.0B | — |
| Trinity Capital Inc. TRIN | FY2025 | $279.5M | $135.6M | 48.5% | $1.6B | 22/100 |
Where MidCap Financial Investment Corporation Ranks
Frequently Asked Questions
Is MidCap Financial Investment Corporation profitable?
Yes, MidCap Financial Investment Corporation (MFIC) reported a net income of $63.2M in fiscal year 2025.
How much debt does MidCap Financial Investment Corporation have?
As of fiscal year 2025, MidCap Financial Investment Corporation (MFIC) had $98.2M in cash and equivalents against $2.0B in long-term debt.
What is MidCap Financial Investment Corporation's return on equity (ROE)?
MidCap Financial Investment Corporation (MFIC) has a return on equity of 4.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is MidCap Financial Investment Corporation's operating cash flow?
MidCap Financial Investment Corporation (MFIC) recorded an outflow of $49.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are MidCap Financial Investment Corporation's total assets?
MidCap Financial Investment Corporation (MFIC) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What is MidCap Financial Investment Corporation's debt-to-equity ratio?
MidCap Financial Investment Corporation (MFIC) had a debt-to-equity ratio of 1.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is MidCap Financial Investment Corporation's return on assets (ROA)?
MidCap Financial Investment Corporation (MFIC) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is MidCap Financial Investment Corporation's P/E ratio?
MidCap Financial Investment Corporation (MFIC) trades at 10.9x earnings, its market capitalization divided by net income of $63.2M net income, FY2025. The market capitalization is $687.0M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MidCap Financial Investment Corporation's price-to-sales ratio?
MidCap Financial Investment Corporation (MFIC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $687.0M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MidCap Financial Investment Corporation's Piotroski F-Score?
MidCap Financial Investment Corporation (MFIC) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MidCap Financial Investment Corporation's earnings high quality?
For every $1 of reported earnings, MidCap Financial Investment Corporation (MFIC) used $0.79 of operating cash (-$49.7M OCF vs $63.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.