Growth Metrics

MidCap Financial Investment (MFIC) Operating Expenses (2021 - 2026)

MidCap Financial Investment recorded quarterly Operating Expenses of $37.6 million in Q1 2026, down 8.19% quarter-over-quarter from $41.0 million in Q4 2025, and down 16.81% year-over-year from $45.2 million in Q1 2025.

MidCap Financial Investment's Operating Expenses history runs 6 years deep, the most recent figure standing at $37.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 16.81% year-over-year to $37.6 million; the TTM figure through Mar 2026 stood at $171.0 million (down 1.68% YoY), while the FY2025 annual figure was $178.9 million, up 6.17% from the prior year.
  • Operating Expenses came in at $37.6 million for Q1 2026 at MidCap Financial Investment, down from $41.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $122.2 million in Q4 2023 to a low of $27.9 million in Q1 2022.
  • A 5-year average of $45.5 million and a median of $40.3 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 32.78% in 2023 and sank 63.12% in 2024, its largest moves.
  • MidCap Financial Investment's Operating Expenses stood at $36.6 million in 2022, then soared by 234.01% to $122.2 million in 2023, then tumbled by 63.12% to $45.1 million in 2024, then retreated by 9.11% to $41.0 million in 2025, then dropped by 8.19% to $37.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $37.6 million, $41.0 million, and $47.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 3.88 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 2.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 3.87 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 733.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 4.68 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.81 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 3.67 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.51 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.17 Bn
10 MidCap Financial Investment - - - 37.62 Mn

Historic Data

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DateValue
Mar 31, 2026 37.62 Mn
Dec 31, 2025 40.98 Mn
Sep 30, 2025 47.55 Mn
Jun 30, 2025 44.85 Mn
Mar 31, 2025 45.22 Mn
Dec 31, 2024 45.08 Mn
Sep 30, 2024 44.00 Mn
Jun 30, 2024 39.62 Mn
Mar 31, 2024 39.96 Mn
Dec 31, 2023 122.23 Mn
Sep 30, 2023 40.28 Mn
Jun 30, 2023 40.12 Mn
Sep 30, 2022 36.59 Mn
Jun 30, 2022 30.21 Mn
Mar 31, 2022 27.85 Mn
Sep 30, 2021 31.88 Mn