NMFC Earnings Miss by 59%
New Mountain Finance (NASDAQ:NMFC), a business development company focused on lending to upper middle market U.S. businesses, released its second-quarter results on August 4, 2025. Net investment income per share was $0.32 for Q2 2025, in line with analyst estimates, ensuring full coverage of its quarterly dividend. However, total revenue (GAAP) came in at $34.5 million, falling considerably short of the $84.57 million consensus (GAAP) revenue estimate, amounting to a miss of 59.2% (GAAP). The quarter saw a continued decline in net asset value per share and profitability metrics (GAAP), with annualized dividend yield rising due to a lower share price. Overall, the quarter reflected steady dividend coverage and portfolio discipline but highlighted challenges from falling revenue and persistent pressures on returns.
Source: Analyst estimates for the quarter provided by FactSet.
New Mountain Finance is a business development company, or BDC, which means it invests primarily in loans to private U.S. companies, mostly through first lien secured loans. Assets are largely concentrated in sectors seen as stable and growing—software, healthcare, and business services—which together make up nearly 68.7% of the portfolio as of Q2 2025.
Source Fool.com
