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

MidCap Financial Investment's (MFIC) quarterly Operating Expenses came in at $37.6 million in Q1 2026, down 16.81% year-on-year from $45.2 million in Q1 2025, and down 8.19% quarter-over-quarter from $41.0 million in Q4 2025.

MidCap Financial Investment (MFIC) Operating Expenses (2021 - 2026) Analysis & Trends

MidCap Financial Investment has disclosed Operating Expenses across 6 years of filings, most recently posting $37.6 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $37.6 million, down 16.81% year-over-year; the trailing twelve-month figure through Mar 2026 was $171.0 million (down 1.68% YoY), and the FY2025 annual result 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.
  • The 5-year median for Operating Expenses is $40.3 million (2023), against an average of $45.5 million.
  • Across the five-year window, Operating Expenses jumped 32.78% in 2023 and slumped 63.12% in 2024, its largest moves.
  • MidCap Financial Investment's Operating Expenses stood at $36.6 million in 2022, then surged by 234.01% to $122.2 million in 2023, then plunged by 63.12% to $45.1 million in 2024, then fell by 9.11% to $41.0 million in 2025, then slipped by 8.19% to $37.6 million in 2026.
  • The last three Operating Expenses figures came in at $37.6 million (Q1 2026), $41.0 million (Q4 2025), and $47.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 MidCap Financial Investment - - - 37.62 Mn

Historic Data

Download Data
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