Core Insights - Fidus Investment Corporation reported strong portfolio performance in Q3 2025, with adjusted net investment income covering the base dividend [3][9] - The company declared a base dividend of $0.43 and a supplemental dividend of $0.07 per share for Q3 2025, payable on December 29, 2025 [15][16] - Total investment income decreased by 2.9% year-over-year to $37.3 million, while net investment income fell by 18.9% to $17.4 million [6][9] Financial Highlights - Total investment income for Q3 2025 was $37.3 million, down from $38.4 million in Q3 2024 [6][7] - Net investment income was $17.4 million, or $0.49 per share, compared to $21.4 million, or $0.64 per share in the same period last year [6][9] - Adjusted net investment income was $17.7 million, or $0.50 per share, down from $20.4 million, or $0.61 per share in Q3 2024 [6][9] Investment Activity - Fidus made net originations of $37.8 million during the quarter and invested $40.2 million in two new portfolio companies post-quarter [3][11] - The fair value of the investment portfolio was $1.2 billion, consisting of 92 active portfolio companies [11][12] - The company invested $8.5 million in first lien debt and $4.3 million in preferred equity in Sogno Toscano LLC, a new portfolio company [13] Capital Resources - As of September 30, 2025, Fidus had $62.3 million in cash and cash equivalents and $125.0 million of unused capacity under its senior secured revolving credit facility [14] - The weighted average interest rate on total debt outstanding was 4.9% [14] - The company fully redeemed $100.0 million in January 2026 Notes on November 3, 2025 [26] Portfolio Performance - The net asset value (NAV) was $711.0 million, or $19.56 per share, as of September 30, 2025, compared to $655.7 million, or $19.33 per share at the end of 2024 [6][34] - The weighted average yield on debt investments was 13.0% as of September 30, 2025 [12]

Group 1 - The objective of investing is to create a stress-free portfolio that generates cash flow for consumption without reliance on a payroll [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, assisting top-tier corporates in shaping financial strategies and executing large-scale financings [2] - Significant efforts have been made to institutionalize the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [2] - Contributions include the development of national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2] - Roberts is a CFA Charterholder and holds an ESG investing certificate, with experience from an internship at the Chicago Board of Trade [2] - Actively involved in thought-leadership activities to support the development of pan-Baltic capital markets [2]

Core Points - Fidus Investment Corporation will report its third quarter 2025 financial results on November 6, 2025, after market close [1] - A conference call to discuss the results will be held on November 7, 2025, at 9:00 am ET [2] - A live webcast of the conference call will be available, with a replay accessible two hours after the call [3] Company Overview - Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, defined as U.S. companies with revenues between $10 million and $150 million [4] - The company's investment objective is to generate attractive risk-adjusted returns through current income from debt investments and capital appreciation from equity-related investments [4] - Fidus is an externally managed, closed-end, non-diversified management investment company, treated as a business development company under the Investment Company Act of 1940 [4] - The company was formed in February 2011 and is licensed by the U.S. Small Business Administration as a Small Business Investment Company (SBIC) [4]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Fidus Investment (FDUS) due to lower revenues, with actual results being crucial for stock price movement [1][3]. Earnings Expectations - Fidus Investment is expected to report quarterly earnings of $0.50 per share, reflecting an 18% decrease year-over-year [3]. - Revenues are projected to be $36.96 million, down 3.7% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.42% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Fidus Investment is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.34% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [9][10]. - Fidus Investment currently holds a Zacks Rank of 4, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Fidus Investment exceeded expectations by delivering earnings of $0.57 per share against an expected $0.53, resulting in a surprise of +7.55% [13]. - The company has beaten consensus EPS estimates in the last four quarters [14]. Conclusion - Fidus Investment does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors should also be considered for investment decisions [17].

Group 1 - Business Development Companies (BDCs) are financial vehicles that aim to source capital at low costs and lend it at higher yields to businesses that cannot access traditional banking services [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, focusing on helping corporates with financial strategies and large-scale financings [2] - He has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - His work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2]

Market Overview - U.S. stock futures showed mixed results, with Dow futures declining approximately 0.1% [1] Company-Specific Movements - Fidus Investment Corp (NASDAQ:FDUS) experienced a significant drop of 2.6%, trading at $19.80 in pre-market after announcing a $100 million public offering of 6.750% notes due 2030 [1] - Bolt Biotherapeutics Inc (NASDAQ:BOLT) shares fell sharply by 13.4% to $4.90 following an update on BDC-4182 and an extension of its cash runway into 2027 [3] - Equifax Inc (NYSE:EFX) saw a decline of 10.9%, trading at $226.00, after Seaport Global initiated coverage with a Neutral rating [3] - TransUnion (NYSE:TRU) shares dropped 8.8% to $75.00, also receiving a Neutral rating from Seaport Global [3] - Lithium Americas Corp (NYSE:LAC) fell 5% to $6.69 after a previous increase of 23% on Wednesday [3] - Erasca Inc (NASDAQ:ERAS) shares decreased by 3.2% to $2.14 in pre-market trading [3] - Petco Health and Wellness Company Inc (NASDAQ:WOOF) declined 3.1% to $3.79 [3] - Rocket Companies Inc (NYSE:RKT) slipped 3.1% to $18.99, with Western Union set to replace Mr. Cooper Group Inc. in the S&P SmallCap 600 effective prior to trading on October 6 [3]

Market Overview - U.S. stock futures showed mixed results, with Dow futures declining approximately 0.1% on Thursday [1] Company-Specific Movements - Fidus Investment Corp (NASDAQ:FDUS) experienced a significant drop of 2.6%, trading at $19.80 in pre-market after announcing a $100 million public offering of 6.750% notes due 2030 [1] - Bolt Biotherapeutics Inc (NASDAQ:BOLT) shares plummeted 13.4% to $4.90 following an update on BDC-4182 and an extension of its cash runway into 2027 [3] - Equifax Inc (NYSE:EFX) fell 10.9% to $226.00 after Seaport Global analyst John Mazzoni initiated coverage with a Neutral rating [3] - TransUnion (NYSE:TRU) saw a decline of 8.8%, trading at $75.00, also receiving a Neutral rating from Seaport Global [3] - Lithium Americas Corp (NYSE:LAC) dropped 5% to $6.69 after a notable increase of 23% on the previous day [3] - Erasca Inc (NASDAQ:ERAS) fell 3.2% to $2.14 in pre-market trading [3] - Petco Health and Wellness Company Inc (NASDAQ:WOOF) decreased by 3.1%, trading at $3.79 [3] - Rocket Companies Inc (NYSE:RKT) slipped 3.1% to $18.99, with the announcement that Western Union will replace Mr. Cooper Group Inc. in the S&P SmallCap 600 effective prior to the opening of trading on October 6 [3]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Group 1 - Samuel Smith has extensive experience in dividend stock research and investment, having served as lead analyst and Vice President at several firms [1] - He is a Professional Engineer and Project Management Professional with degrees in Civil Engineering & Mathematics and a Master's in Engineering focused on applied mathematics and machine learning [1] - Samuel leads the High Yield Investor investing group, collaborating with Jussi Askola and Paul R. Drake to balance safety, growth, yield, and value [2] Group 2 - High Yield Investor provides real-money core, retirement, and international portfolios, along with regular trade alerts and educational content [2] - The service includes an active chat room for like-minded investors, fostering community engagement and knowledge sharing [2]

Group 1 - Samuel Smith has extensive experience in dividend stock research and investment, having served as lead analyst and Vice President at notable firms [1] - He is a Professional Engineer and Project Management Professional, holding degrees in Civil Engineering & Mathematics and a Master's in Engineering with a focus on applied mathematics and machine learning [1] - Samuel leads the High Yield Investor investing group, collaborating with Jussi Askola and Paul R. Drake to balance safety, growth, yield, and value in investment strategies [2] Group 2 - High Yield Investor provides real-money core, retirement, and international portfolios, along with regular trade alerts and educational content [2] - The service includes an active chat room for investors to share insights and strategies [2]