---
title: "MSC Income Fund | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 34.09 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285753107.md"
datetime: "2026-05-08T16:13:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285753107.md)
  - [en](https://longbridge.com/en/news/285753107.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285753107.md)
---

# MSC Income Fund | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 34.09 M

Revenue: As of FY2026 Q1, the actual value is USD 34.09 M, missing the estimate of USD 36.24 M.

EPS: As of FY2026 Q1, the actual value is USD 0.29, missing the estimate of USD 0.3567.

The provided reference does not contain a ‘Management’s Discussion and Analysis (MD&A)’ section or explicit outlook/guidance. Therefore, a comprehensive summary of strategic plans, core business focus, or future outlook cannot be provided from the given content. However, the Consolidated Statements of Operations and Consolidated Schedule of Investments offer some segmented data related to investments .

#### Segmented Investment Income

-   **Control investments:** $1,195 thousand for the three months ended March 31, 2026, compared to $1,442 thousand for the same period in 2025 .
-   **Affiliate investments:** $9,247 thousand for the three months ended March 31, 2026, compared to $9,335 thousand for the same period in 2025 .
-   **Non-Control/Non-Affiliate investments:** $23,645 thousand for the three months ended March 31, 2026, compared to $22,450 thousand for the same period in 2025 .
-   **Total investment income:** $34,087 thousand for the three months ended March 31, 2026, an increase from $33,227 thousand for the same period in 2025 .

#### Operational Metrics (Consolidated)

-   **Net Investment Income:** $16,235 thousand for the three months ended March 31, 2026, an increase from $15,746 thousand for the same period in 2025 .
-   **Net Realized Gain (Loss):**
    -   **Control investments:** $0 thousand for the three months ended March 31, 2026, compared to $9 thousand in 2025 .
    -   **Affiliate investments:** - $1,656 thousand for the three months ended March 31, 2026, compared to $0 thousand in 2025 .
    -   **Non-Control/Non-Affiliate investments:** $1,415 thousand for the three months ended March 31, 2026, compared to - $21,075 thousand in 2025 .
    -   **Total net realized loss:** - $241 thousand for the three months ended March 31, 2026, a significant improvement from - $21,066 thousand for the same period in 2025 .
-   **Net Unrealized Appreciation (Depreciation):**
    -   **Control investments:** - $4,452 thousand for the three months ended March 31, 2026, compared to - $833 thousand in 2025 .
    -   **Affiliate investments:** $8,423 thousand for the three months ended March 31, 2026, compared to $2,836 thousand in 2025 .
    -   **Non-Control/Non-Affiliate investments:** - $6,614 thousand for the three months ended March 31, 2026, compared to $16,780 thousand in 2025 .
    -   **Total net unrealized appreciation (depreciation):** - $2,643 thousand for the three months ended March 31, 2026, compared to $18,783 thousand for the same period in 2025 .
-   **Net Increase in Net Assets Resulting from Operations:** $13,223 thousand for the three months ended March 31, 2026, compared to $15,875 thousand for the same period in 2025 .

#### Cash Flow (Consolidated)

-   **Net cash used in operating activities:** - $18,387 thousand for the three months ended March 31, 2026, an improvement from - $72,494 thousand for the same period in 2025 .
-   **Net cash provided by financing activities:** $13,311 thousand for the three months ended March 31, 2026, compared to $83,578 thousand for the same period in 2025 .
-   **Cash and cash equivalents at end of period:** $15,559 thousand as of March 31, 2026, down from $39,459 thousand as of March 31, 2025 .

#### Unique Metrics (Fair Value of Investments)

-   **Control investments at fair value:** $53,802 thousand as of March 31, 2026, compared to $58,372 thousand as of December 31, 2025 .
-   **Affiliate investments at fair value:** $426,618 thousand as of March 31, 2026, compared to $406,771 thousand as of December 31, 2025 .
-   **Non-Control/Non-Affiliate investments at fair value:** $888,782 thousand as of March 31, 2026, compared to $870,244 thousand as of December 31, 2025 .
-   **Total investments at fair value:** $1,369,202 thousand as of March 31, 2026, compared to $1,335,387 thousand as of December 31, 2025 .

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