--- title: "Fidus Investment | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 47.52 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285612497.md" datetime: "2026-05-07T20:28:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285612497.md) - [en](https://longbridge.com/en/news/285612497.md) - [zh-HK](https://longbridge.com/zh-HK/news/285612497.md) --- # Fidus Investment | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 47.52 M Revenue: As of FY2026 Q1, the actual value is USD 47.52 M, beating the estimate of USD 41.99 M. EPS: As of FY2026 Q1, the actual value is USD 0.52, beating the estimate of USD 0.5033. EBIT: As of FY2026 Q1, the actual value is USD 151 K. Fidus Investment Corporation announced its financial results for the first quarter of 2026, reporting several key financial and operational metrics. The report, furnished on May 7, 2026, did not detail specific operational metrics such as segment revenue, gross margin, operating profit, operating margin, operating costs, or cash flow figures like operating cash flow and free cash flow . #### Financial Highlights - **Total Investment Income**: Total investment income for Q1 2026 was $47.5 million, a 30.2% increase from $36,496 thousand in Q1 2025, driven by a $4.8 million rise in total interest income and a $6.8 million increase in fee income . - **Net Investment Income**: Net investment income reached $24.6 million, or $0.65 per share, in Q1 2026, representing a 35.2% increase from $18,222 thousand in Q1 2025 . - **Adjusted Net Investment Income**: Adjusted net investment income, a non-GAAP measure, was $23.7 million, or $0.62 per share, for Q1 2026, up 28.0% from $18,509 thousand in Q1 2025 . - **Net Asset Value (NAV)**: As of March 31, 2026, the NAV was $742.0 million, or $19.55 per share . - **Estimated Spillover Income**: Estimated spillover income as of March 31, 2026, was $43.4 million, or $1.14 per share . #### Operational Metrics - **Investment Activity**: The company invested $118.7 million in debt and equity securities during Q1 2026, including two new portfolio companies, while proceeds from repayments and realizations totaled $73.1 million . - **Expenses**: Total expenses, net of base management fee waiver, increased by $4.6 million or 25.2% to $22,860 thousand in Q1 2026, compared to $18,273 thousand in Q1 2025, primarily due to a $3.0 million increase in interest and financing expenses and a $1.2 million increase in the income incentive fee . - **Net Realized Gains/Losses**: The total net realized gain (loss) on investments, net of income tax, was - $12.3 million for Q1 2026, compared to $11.5 million for the same period in 2025 . - **Net Change in Unrealized Appreciation (Depreciation)**: The total net change in unrealized appreciation (depreciation) on investments was $7,663 thousand in Q1 2026, a significant change from - $9,793 thousand in Q1 2025 . - **Net Increase in Net Assets**: Net assets resulting from operations increased by 1.1% to $19,884 thousand in Q1 2026, from $19,658 thousand in Q1 2025 . #### Portfolio and Investment Details (as of March 31, 2026) - **Fair Value of Investment Portfolio**: The fair value of the investment portfolio was $1.4 billion, comprising 97 active portfolio companies, with total portfolio investments at fair value approximately 102.5% of the related cost basis . - **Debt Investments**: Variable rate debt investments accounted for $884.0 million, or 72.5%, of the debt investment portfolio at fair value, with a weighted average yield on debt investments of 12.5% . The average active portfolio company investment at amortized cost was $13.8 million . #### Liquidity and Capital Resources (as of March 31, 2026) - **Cash and Equivalents**: Fidus Investment Corporation held $49.7 million in cash and cash equivalents and $0.7 million in restricted cash . - **Credit Facility**: The company had $139.9 million of unused capacity under its special purpose vehicle credit facility . - **Debt Outstanding**: SBA debentures outstanding totaled $260.5 million, 3.50% notes due November 2026 were $125.0 million outstanding, and 6.75% March 2030 Notes were $200.0 million outstanding . The weighted average interest rate on total debt outstanding was 5.2% . In Q1 2026, Fidus Investment Corporation received $30.0 million of SBA debentures and repaid $7.0 million . #### Dividends - **Dividends Paid (Q1 2026)**: Total dividends paid were $0.52 per share, consisting of a regular quarterly dividend of $0.43 and a supplemental dividend of $0.09 per share on March 30, 2026 . - **Dividends Declared (Q2 2026 Outlook)**: Fidus Investment Corporation declared a base dividend of $0.43 per share and a supplemental dividend of $0.19 per share on May 7, 2026, for the second quarter . These dividends are payable on June 29, 2026, to stockholders of record as of June 16, 2026 . #### Outlook / Guidance While the press release generally stated no forward-looking statements or guidance were included, the company did declare Q2 2026 dividends . 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