XML 30 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Investment income        
PIK interest income $ 7,605 $ 9,050 $ 22,081 $ 27,735
Non-cash dividend income 7,255 8,319 22,085 23,484
Total investment income 80,529 95,327 249,682 280,471
Expenses        
Interest and other financing expenses 31,720 37,661 94,232 101,790
Management fee 9,619 11,700 29,611 34,048
Incentive fee 7,345 8,821 23,563 27,760
Professional fees 924 1,019 3,413 3,213
Administrative expenses 916 1,059 3,204 3,135
Other general and administrative expenses 478 531 1,325 1,523
Total expenses 51,002 60,791 155,348 171,469
Less: management and incentive fees waived (See Note 5) (4,544) (970) (8,952) (2,732)
Net expenses 46,458 59,821 146,396 168,737
Net investment income before income taxes 34,071 35,506 103,286 111,734
Income tax expense 29 118 18 353
Net investment income 34,042 35,388 103,268 111,381
Net realized (losses) gains:        
Investments     51,223 (43,524)
Net realized losses on translation of assets and liabilities in foreign currencies 0 (1,455) 0 (1,455)
Net change in unrealized appreciation (depreciation):        
Investments     (111,171) 23,368
Securities purchased under collateralized agreements to resell 0 0 0 (3,000)
Foreign currency (120) 1,690 482 1,796
Provision for taxes (25) (1,037) (68) (1,804)
Net realized and unrealized losses (21,700) (11,494) (59,534) (24,619)
Net increase in net assets resulting from operations 12,342 23,894 43,734 86,762
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (153) (5) (358) (994)
Net increase in net assets resulting from operations related to New Mountain Finance Corporation $ 12,189 $ 23,889 $ 43,376 $ 85,768
Basic earnings per share (in dollars per share) $ 0.11 $ 0.22 $ 0.40 $ 0.81
Weighted average shares of common stock outstanding - basic (in shares) 106,016,542 107,851,415 107,199,318 106,140,789
Diluted earnings per share (in dollars per share) $ 0.11 $ 0.22 $ 0.40 $ 0.78
Weighted average shares of common stock outstanding - diluted (in shares) 125,036,696 126,779,819 126,201,036 125,000,872
Distributions declared per share (in dollars per share) $ 0.32 $ 0.34 $ 0.96 $ 1.04
Distributions paid per share (in dollars per share) $ 0.32 $ 0.34 $ 0.96 $ 1.04
Non-controlled/Non-affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 49,811 $ 61,788 $ 155,508 $ 175,608
PIK interest income 2,968 4,340 8,812 13,460
Dividend income 179 185 1,242 2,762
Non-cash dividend income 4,026 5,077 12,432 14,558
Other income 1,436 1,454 3,640 6,345
Net realized (losses) gains:        
Investments 8 (75) 12,324 (46,899)
Net change in unrealized appreciation (depreciation):        
Investments (8,977) 419 (33,783) 56,474
Non-controlled/Affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 322 349 989 1,093
PIK interest income 1,132 971 3,176 2,680
Non-cash dividend income 304 1,593 2,279 4,211
Other income 63 63 188 188
Net change in unrealized appreciation (depreciation):        
Investments (9,736) (7,853) (23,555) (34,396)
Controlled        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,665 1,651 5,172 4,395
PIK interest income 3,505 3,739 10,093 11,595
Dividend income 11,818 11,789 36,199 36,812
Non-cash dividend income 2,925 1,649 7,374 4,715
Other income 375 679 2,578 2,049
Net realized (losses) gains:        
Investments 1 (456) 38,899 3,375
Net change in unrealized appreciation (depreciation):        
Investments (2,851) (4,260) (53,833) (243)
New Mountain Net Lease Corporation        
Net change in unrealized appreciation (depreciation):        
Investments $ 0 $ 1,533 $ 0 $ 1,533