Mar 31, 2024

Fidus Investment Q1 2024 Earnings Report

Announced financial results for the first quarter ended March 31, 2024.

Key Takeaways

Fidus Investment Corporation reported a total investment income of $34.7 million and a net investment income of $17.6 million, or $0.57 per share, for the first quarter of 2024. The company invested $145.9 million in debt and equity securities and received $60.2 million from repayments and realizations.

Total investment income of $34.7 million

Net investment income of $17.6 million, or $0.57 per share

Adjusted net investment income of $18.1 million, or $0.59 per share

Invested $145.9 million in debt and equity securities, including seven new portfolio companies

Total Revenue
$34.7M
Previous year: $29.1M
+19.3%
EPS
$0.59
Previous year: $0.6
-1.7%
NAV per share
$19.4
Previous year: $19.4
-0.2%
Repayments and Realizations
$60.2M
Previous year: $15.9M
+278.6%
Investment Activity
$146M
Previous year: $51.5M
+183.3%
Cash and Equivalents
$27.1M
Previous year: $36.4M
-25.5%
Free Cash Flow
$7.79M
Total Assets
$1.09B
Previous year: $949M
+15.1%

Fidus Investment

Fidus Investment

Fidus Investment Revenue by Segment

Forward Guidance

On April 29, 2024, our board of directors declared a base dividend of $0.43 per share and a supplemental dividend of $0.16 per share for the second quarter. The dividends will be payable on June 26, 2024, to stockholders of record as of June 19, 2024.