v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment income    
PIK interest income $ 5,137 $ 7,588
Non-cash dividend income 5,321 8,188
Total investment income 68,794 85,663
Expenses    
Interest and other financing expenses 27,524 31,374
Management fee 8,154 10,233
Incentive fee 6,103 8,247
Professional fees 1,028 1,389
Administrative expenses 995 1,104
Other general and administrative expenses 458 516
Total expenses 44,262 52,863
Less: management and incentive fees waived (See Note 5) (6,103) (1,822)
Net expenses 38,159 51,041
Net investment income before income taxes 30,635 34,622
Income tax expense (benefit) 4 (19)
Net investment income 30,631 34,641
Net realized (losses) gains:    
Investments (32,010) 37,825
Net change in unrealized appreciation (depreciation):    
Investments (41,557) (49,077)
Securities purchased under collateralized agreements to resell (7,800) 0
Foreign currency (100) 150
Benefit (provision) for taxes 87 (22)
Net realized and unrealized losses (81,380) (11,124)
Net (decrease) increase in net assets resulting from operations (50,749) 23,517
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (179) (104)
Net (decrease) increase in net assets resulting from operations related to New Mountain Finance Corporation $ (50,928) $ 23,413
Basic (loss) earnings per share (in dollars per share) $ (0.51) $ 0.22
Weighted average shares of common stock outstanding - basic (in shares) 100,476,895 107,851,415
Diluted (loss) earnings per share (in dollars per share) $ (0.51) $ 0.22
Weighted average shares of common stock outstanding - diluted (in shares) 100,476,895 126,852,911
Distributions declared per share (in dollars per share) $ 0.32 $ 0.32
Distributions paid per share (in dollars per share) $ 0.32 $ 0.32
Non-controlled/Non-affiliated    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 39,249 $ 52,113
PIK interest income 2,363 2,913
Dividend income 1,805 557
Non-cash dividend income 1,357 4,434
Other income 1,346 1,312
Net realized (losses) gains:    
Investments (26,292) (1,074)
Net change in unrealized appreciation (depreciation):    
Investments (46,237) 4,206
Non-controlled/Affiliated    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) 315 331
PIK interest income 1,188 987
Non-cash dividend income 740 1,683
Other income 63 63
Net change in unrealized appreciation (depreciation):    
Investments 3,479 (4,891)
Controlled    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) 3,272 1,485
PIK interest income 1,586 3,688
Dividend income 11,911 12,198
Non-cash dividend income 3,224 2,071
Other income 375 1,828
Net realized (losses) gains:    
Investments (5,718) 38,899
Net change in unrealized appreciation (depreciation):    
Investments $ 1,201 $ (48,392)

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