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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Investment income        
PIK interest income $ 6,888 $ 9,031 $ 14,476 $ 18,685
Non-cash dividend income 6,642 7,741 14,830 15,165
Total investment income 83,490 94,588 169,153 185,144
Expenses        
Interest and other financing expenses 31,138 33,113 62,512 64,129
Management fee 9,759 11,351 19,992 22,348
Incentive fee 7,971 9,550 16,218 18,939
Professional fees 1,100 1,127 2,489 2,194
Administrative expenses 1,184 1,108 2,288 2,076
Other general and administrative expenses 331 527 847 992
Total expenses 51,483 56,776 104,346 110,678
Less: management and incentive fees waived (See Note 5) (2,586) (861) (4,408) (1,762)
Net expenses 48,897 55,915 99,938 108,916
Net investment income before income taxes 34,593 38,673 69,215 76,228
Income tax expense (benefit) 8 234 (11) 235
Net investment income 34,585 38,439 69,226 75,993
Net realized (losses) gains:        
Investments     51,214 (42,993)
Net change in unrealized appreciation (depreciation):        
Investments     (89,607) 33,529
Securities purchased under collateralized agreements to resell 0 (3,000) 0 (3,000)
Foreign currency 452 129 602 106
Provision for taxes (21) (130) (43) (767)
Net realized and unrealized losses (26,710) (3,655) (37,834) (13,125)
Net increase in net assets resulting from operations 7,875 34,784 31,392 62,868
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (101) (313) (205) (989)
Net increase in net assets resulting from operations related to New Mountain Finance Corporation $ 7,774 $ 34,471 $ 31,187 $ 61,879
Basic earnings per share (in dollars per share) $ 0.07 $ 0.32 $ 0.29 $ 0.59
Weighted average shares of common stock outstanding - basic (in shares) 107,750,160 106,891,784 107,800,508 105,276,077
Diluted earnings per share (in dollars per share) $ 0.07 $ 0.31 $ 0.29 $ 0.56
Weighted average shares of common stock outstanding - diluted (in shares) 126,733,459 125,759,769 126,792,855 124,101,624
Distributions declared per share (in dollars per share) $ 0.32 $ 0.34 $ 0.64 $ 0.70
Distributions paid per share (in dollars per share) $ 0.32 $ 0.34 $ 0.64 $ 0.70
Non-controlled/Non-affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 53,584 $ 57,583 $ 105,697 $ 113,820
PIK interest income 2,931 4,437 5,844 9,120
Dividend income 506 2,284 1,063 2,577
Non-cash dividend income 3,972 4,797 8,406 9,481
Other income 892 3,291 2,204 4,891
Net realized (losses) gains:        
Investments 13,390 (34,966) 12,316 (46,824)
Net change in unrealized appreciation (depreciation):        
Investments (29,012) 32,895 (24,806) 56,055
Non-controlled/Affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 336 376 667 744
PIK interest income 1,057 873 2,044 1,709
Non-cash dividend income 292 1,374 1,975 2,618
Other income 62 62 125 125
Net change in unrealized appreciation (depreciation):        
Investments (8,928) (4,080) (13,819) (26,543)
Controlled        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 2,022 1,383 3,507 2,744
PIK interest income 2,900 3,721 6,588 7,856
Dividend income 12,183 12,340 24,381 25,023
Non-cash dividend income 2,378 1,570 4,449 3,066
Other income 375 497 2,203 1,370
Net realized (losses) gains:        
Investments (1) 3,800 38,898 3,831
Net change in unrealized appreciation (depreciation):        
Investments $ (2,590) $ 1,697 $ (50,982) $ 4,017