FDUS
Fidus Investment Corporation19.80
-0.05-0.25%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
721.26MP/E (TTM)
8.46Basic EPS (TTM)
2.34Dividend Yield
0.09%Recent Filings
10-Q
Q3 FY2025 results
Fidus Investment Corporation posted solid Q3 FY2025 results, with total investment income dipping 2.9% y/y to $37.3M amid lower fee income, yet net investment income held at $17.4M after expenses rose 18.8% y/y to $19.5M, driven by higher interest costs on expanded debt. The portfolio grew to $1.2B in fair value, up 9.4% y/y, fueled by $284.5M in new investments across 12 companies, while repayments hit $203.3M from five exits; unrealized gains flipped to $3.4M from a $4.6M loss y/y, lifting net assets from operations to $19.1M. Liquidity strengthened with $62.3M cash and $125M revolver availability, backed by $191M in low-cost SBA debentures at 4.1% and $325M notes at 4.9%, yielding free cash flow of $0.0M (derived). No M&A or regulatory hurdles noted. Still, non-accrual loans at 0.3% of the portfolio signal persistent credit pressures.
8-K
Fidus Q3 earnings and dividends
Fidus Investment Corporation reported Q3 2025 net investment income of $17.4 million, or $0.49 per share, down from $0.64 last year amid higher expenses and softer fee income, yet adjusted NII held at $0.50 per share to cover the base dividend. The portfolio grew to $1.2 billion with $74.5 million in new investments, while net originations reached $37.8 million. Board declared $0.50 total dividends for Q4, payable December 29. Post-quarter, Fidus issued $100 million in notes and terminated its revolving facility.
8-K
Fidus Investment Corporation has secured a $175 million revolving credit facility via FIC Funding, LLC, its special purpose vehicle, with ING Capital LLC as administrative agent. This replaces the previous facility, offering a four-year reinvestment period and advances at Term SOFR plus 2.50%-2.675% margin. The borrowing base is calculated using eligible portfolio investments, subject to diversification limits and valuation requirements.
Fidus Investment Corporation establishes a $175 million revolving credit facility through its SPV, FIC Funding, LLC, replacing its prior facility. The new agreement features a four-year reinvestment period, advances at Term SOFR plus 2.50%-2.675% margin, and a borrowing base based on eligible portfolio investments with diversification limits.
8-K
Fidus Q2 earnings and dividends
Fidus Investment Corporation reported Q2 2025 net investment income of $18.6 million, or $0.53 per share, up 9.9% from last year, driven by higher fee and interest income despite rising expenses. The portfolio grew to $1.1 billion with $94.5 million deployed across four new companies, while repayments hit $109.3 million. Board declared $0.57 per share dividends payable September 25. Portfolio yields resilient yields.
10-Q
Q2 FY2025 results
Fidus Investment Corporation posted solid Q2 FY2025 results, with total investment income climbing 12.1% y/y to $40.0M on higher fee income and steady interest yields, while net investment income edged up 9.9% y/y to $18.6M amid rising borrowing costs. The portfolio grew to $1.1B in fair value, up 5.4% q/q, fueled by $210.0M in new debt and equity deals across 11 companies, offset by $166.6M in repayments from five exits; first-lien debt held steady at 71.5% of the mix, with a weighted average yield dipping to 13.1% (derived). Net gains on investments swung to a $7.6M loss y/y due to a $14.4M write-down on Quantum IR Technologies, yet unrealized appreciation of $14.4M lifted overall operations to $25.3M, up 4.9% y/y. Liquidity strengthened with $91.2M in cash and full $140.0M availability under the credit facility, supporting $202.0M in SBA debentures and $325.0M in notes at blended rates below 5%. But tariff hikes and trade tensions could squeeze portfolio margins in import-reliant sectors.
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