MidCap Financial Investment (MFICL) Operating Expenses (2021 - 2026)
MidCap Financial Investment's (MFICL) 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 (MFICL) 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| Date | Value |
|---|---|
| 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 |