MidCap Financial Investment (MFICL) Operating Expenses (2022 - 2026)
MidCap Financial Investment's (MFICL) quarterly Operating Expenses came in at $35.5 million in Q2 2026, down 21.3% year-over-year from $45.1 million in Q2 2025, and down 5.58% quarter-over-quarter from $37.6 million in Q1 2026.
Analysis
MidCap Financial Investment (MFICL) Operating Expenses (2022 - 2026) Analysis & Trends
MidCap Financial Investment has disclosed Operating Expenses across 5 years of filings, most recently posting $35.5 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 21.3% year-over-year to $35.5 million; the TTM figure through Jun 2026 stood at $163.1 million (down 9.25% YoY), while the FY2025 annual figure was $180.4 million, up 6.56% from the prior year.
- Operating Expenses came in at $35.5 million for Q2 2026 at MidCap Financial Investment, down from $37.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $123.2 million in Q4 2023 to a low of $27.9 million in Q1 2022.
- Average Operating Expenses over 5 years is $50.5 million, with a median of $43.3 million recorded in 2024.
- Year-over-year, Operating Expenses tumbled 63.27% in 2024 and gained 13.18% in 2025.
- Over 5 years, Operating Expenses stood at $94.8 million in 2022, then advanced by 29.9% to $123.2 million in 2023, then plunged by 63.27% to $45.3 million in 2024, then dropped by 6.19% to $42.5 million in 2025, then decreased by 16.33% to $35.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $35.5 million in Q2 2026, $37.6 million in Q1 2026, and $42.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | 40.19 Mn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.02 Bn | - | 35.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.52 Mn |
| Mar 31, 2026 | 37.62 Mn |
| Dec 31, 2025 | 42.45 Mn |
| Sep 30, 2025 | 47.55 Mn |
| Jun 30, 2025 | 45.13 Mn |
| Mar 31, 2025 | 45.22 Mn |
| Dec 31, 2024 | 45.25 Mn |
| Sep 30, 2024 | 44.17 Mn |
| Jun 30, 2024 | 39.88 Mn |
| Mar 31, 2024 | 39.96 Mn |
| Dec 31, 2023 | 123.20 Mn |
| Sep 30, 2023 | 40.68 Mn |
| Jun 30, 2023 | 40.12 Mn |
| Sep 30, 2022 | 94.84 Mn |
| Jun 30, 2022 | 58.25 Mn |
| Mar 31, 2022 | 27.85 Mn |