v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
PIK interest income $ 5,415 $ 6,888 $ 10,552 $ 14,476
Non-cash dividend income 4,882 6,642 10,203 14,830
Total investment income 61,475 83,490 130,269 169,153
Expenses        
Interest and other financing expenses 22,454 31,138 49,978 62,512
Management fee 7,414 9,759 15,568 19,992
Incentive fee 5,766 7,971 11,869 16,218
Professional fees 1,056 1,100 2,084 2,489
Administrative expenses 970 1,184 1,965 2,288
Other general and administrative expenses 616 331 1,074 847
Total expenses 38,276 51,483 82,538 104,346
Less: management and incentive fees waived (See Note 5) (1,442) (2,586) (7,545) (4,408)
Net expenses 36,834 48,897 74,993 99,938
Net investment income before income taxes 24,641 34,593 55,276 69,215
Income tax expense (benefit) 19 8 23 (11)
Net investment income 24,622 34,585 55,253 69,226
Net realized (losses) gains:        
Investments     (76,994) 51,214
Net change in unrealized appreciation (depreciation):        
Investments     (3,735) (89,607)
Securities purchased under collateralized agreements to resell 0 0 (7,800) 0
Foreign currency (6) 452 (106) 602
Benefit (provision) for taxes 59 (21) 146 (43)
Net realized and unrealized losses (7,109) (26,710) (88,489) (37,834)
Net increase (decrease) in net assets resulting from operations 17,513 7,875 (33,236) 31,392
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (256) (101) (435) (205)
Net increase (decrease) in net assets resulting from operations related to New Mountain Finance Corporation $ 17,257 $ 7,774 $ (33,671) $ 31,187
Basic earnings (loss) per share (in dollars per share) $ 0.18 $ 0.07 $ (0.35) $ 0.29
Weighted average shares of common stock outstanding - basic (in shares) 94,551,023 107,750,160 97,497,589 107,800,508
Diluted earnings (loss) per share (in dollars per share) $ 0.18 $ 0.07 $ (0.35) $ 0.29
Weighted average shares of common stock outstanding - diluted (in shares) 94,551,023 126,733,459 97,497,589 126,792,855
Distributions declared per share (in dollars per share) $ 0.25 $ 0.32 $ 0.57 $ 0.64
Distributions paid per share (in dollars per share) $ 0.25 $ 0.32 $ 0.57 $ 0.64
Non-controlled/Non-affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 35,949 $ 53,584 $ 75,198 $ 105,697
PIK interest income 2,532 2,931 4,895 5,844
Dividend income 352 506 2,157 1,063
Non-cash dividend income 835 3,972 2,192 8,406
Other income 1,673 892 3,019 2,204
Net realized (losses) gains:        
Investments (32,111) 13,390 (58,403) 12,316
Net change in unrealized appreciation (depreciation):        
Investments 14,528 (29,012) (31,709) (24,806)
Non-controlled/Affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 320 336 635 667
PIK interest income 1,256 1,057 2,444 2,044
Non-cash dividend income 661 292 1,401 1,975
Other income 62 62 125 125
Net change in unrealized appreciation (depreciation):        
Investments 2,653 (8,928) 6,132 (13,819)
Controlled        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,645 2,022 4,917 3,507
PIK interest income 1,627 2,900 3,213 6,588
Dividend income 10,703 12,183 22,614 24,381
Non-cash dividend income 3,386 2,378 6,610 4,449
Other income 474 375 849 2,203
Net realized (losses) gains:        
Investments (12,873) (1) (18,591) 38,898
Net change in unrealized appreciation (depreciation):        
Investments $ 20,641 $ (2,590) $ 21,842 $ (50,982)

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