Fidus Investment Corporation (FDUS) Balance Sheet
FDUS balance sheet, 2025
December 31, 2025 · U.S. dollars$1.43B assets = $684.6M liabilities + $741.9M equity
Both columns are drawn to the same scale: what FDUS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FDUS financial health
Descriptive bands, not a rating. Fiscal 2025.
FDUS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $586.7M2016 | $1.43B2025 | +10.4%/yr | |
| Total liabilities | $233.0M2016 | $684.6M2025 | +12.7%/yr | |
| Shareholders’ equity | $353.8M2016 | $741.9M2025 | +8.6%/yr | |
| Cash & short-term investments | $57.1M2016 | $70.0M2025 | +2.3%/yr | |
| Total debt | $219.4M2016 | $644.1M2025 | +12.7%/yr | |
| Net cash (debt) | −$162.4M2016 | −$574.1M2025 | −$411.7M | |
| Working capital | $48.8M2016 | $31.3M2025 | −$17.5M | |
| Book value per share | $19.352016 | $20.902025 | +0.9%/yr | |
| Current ratio | 4.612016 | 1.812025 | −2.80 | |
| Debt / equity | 0.622016 | 0.872025 | +0.25 | |
| Shares outstanding | 18.3M2016 | 35.5M2025 | +7.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FDUS assets
FDUS liabilities and equity
FDUS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FDUS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $70.0M | $57.2M | $119.13B | $62.4M | $169.4M | $124.3M | $15.0M | $42.0M | $41.6M | $57.1M |
| Cash & equivalents | $70.0M | $57.2M | $119.13B | $62.4M | $169.4M | $124.3M | $15.0M | $42.0M | $41.6M | $57.1M |
| Short-term investments | $134.3M | $57.10B | — | $101.6M | $2.2M | — | $39.8M | — | $49.5M | — |
| Receivables | $21.4M | $15.1M | $11.96B | $11.8M | $8.2M | $7.5M | $6.3M | $7.5M | $7.4M | $4.4M |
| Inventory | $0 | $0 | $0 | $1 | $0 | −$8.6M | $1 | $1 | $1 | $1 |
| Other current assets | $0 | $0 | $0 | $1.5M | $413,000 | $9.6M | $1.2M | $0 | $971,999 | $797,999 |
| Total current assets | $70.0M | $72.3M | $131.10B | $75.6M | $178.1M | $132.9M | $22.5M | $49.5M | $50.0M | $62.3M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.32B | $1.09B | $957.9M | $860.3M | $719.1M | $742.9M | $766.9M | $643.0M | $596.3M | $524.5M |
| Other non-current assets | $31.8M | $1.3M | $958.84B | $0 | $0 | $0 | $0 | $1.4M | $0 | $0 |
| Total assets | $1.43B | $1.16B | $1.09T | $936.0M | $897.2M | $875.7M | $789.4M | $693.9M | $646.3M | $586.7M |
| Liabilities | ||||||||||
| Accounts payable | $7.4M | $5.8M | $6.7M | $4.7M | $4.7M | $3.5M | $3.5M | $3.0M | $164,000 | $3.6M |
| Short-term debt | — | — | $466.5M | $410.1M | $330,000 | $443.2M | — | $36.5M | — | $219.4M |
| Deferred revenue | — | — | −$466.5M | −$404.6M | $5.0M | −$439.3M | −$350.7M | −$36.5M | −$237.8M | −$219.4M |
| Total current liabilities | $38.7M | $33.6M | $1.23B | $4.7M | $4.7M | $3.5M | $3.5M | $19.4M | $15.2M | $13.5M |
| Long-term debt | $0 | $0 | $0 | $246.1M | $0 | $0 | $334.4M | $239.4M | $242.5M | $219.4M |
| Other long-term liabilities | $645.9M | $474.9M | $500.20B | $204.7M | $404.8M | $461.5M | $39.2M | $32.1M | $0 | $0 |
| Total liabilities | $684.6M | $508.4M | $501.42B | $455.6M | $409.4M | $465.0M | $377.1M | $290.9M | $253.0M | $233.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $38,000 | $34,000 | $31,000 | $25,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $22,000 |
| Retained earnings (deficit) | $100.5M | $88.5M | $85.1M | $84.4M | $125.9M | $46.8M | $46.2M | $36.7M | $5.7M | $9.6M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $17.0M | $4.0M |
| Total shareholders' equity | $741.9M | $655.7M | $589.47B | $480.3M | $487.8M | $410.8M | $412.3M | $403.0M | $393.3M | $353.8M |
| Key figures | ||||||||||
| Total debt | $644.1M | $474.9M | $204.47B | $410.1M | $366.0M | $443.2M | $354.6M | $275.9M | $237.8M | $219.4M |
| Net cash (debt) | −$574.1M | −$417.7M | −$85.34B | −$347.8M | −$196.6M | −$318.9M | −$339.6M | −$233.9M | −$196.3M | −$162.4M |
| Working capital | $31.3M | $38.7M | $129.87B | $70.9M | $173.4M | $129.4M | $19.0M | $30.2M | $34.8M | $48.8M |
| Tangible book value | $741.9M | $655.7M | $589.47B | $480.3M | $487.8M | $410.8M | $412.3M | $403.0M | $393.3M | $353.8M |
| Book value per share | $20.90 | $20.12 | $22,357.97 | $19.63 | $19.96 | $16.81 | $16.85 | $16.47 | $16.72 | $19.35 |
| Shares outstanding | 35.5M | 32.6M | 26.4M | 24.5M | 24.4M | 24.4M | 24.5M | 24.5M | 23.5M | 18.3M |
| Current ratio | 1.81 | 2.15 | 106.84 | 15.93 | 38.15 | 37.96 | 6.43 | 2.56 | 3.30 | 4.61 |
| Quick ratio | 2.36 | 2.15 | 106.84 | 15.63 | 38.06 | 37.67 | 6.09 | 2.56 | 3.23 | 4.55 |
| Debt / equity | 0.87 | 0.72 | 0.35 | 0.85 | 0.75 | 1.08 | 0.86 | 0.68 | 0.60 | 0.62 |
| Equity / assets | 52.0% | 56.3% | 54.0% | 51.3% | 54.4% | 46.9% | 52.2% | 58.1% | 60.9% | 60.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $182.9M | $161.6M | $70.0M | $62.3M | $91.2M | $67.5M | $57.2M | $54.4M | $48.3M | $27.1M | $119.13B | $80.3M |
| Cash & equivalents | $37.6M | $49.7M | $70.0M | $62.3M | $91.2M | $67.5M | $57.2M | $54.4M | $48.3M | $27.1M | $119.13B | $80.3M |
| Short-term investments | $145.3M | $111.9M | — | — | — | — | — | — | — | −$1 | — | — |
| Receivables | $27.7M | $23.4M | $21.4M | $20.5M | $15.9M | $19.1M | $15.1M | $14.3M | $17.3M | $15.7M | $11.96B | $13.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $0 | $1 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.6M | $1.9M | $1.8M | $0 | $1.8M |
| Total current assets | $210.7M | $49.7M | $70.0M | $62.3M | $91.2M | $67.5M | $72.3M | $70.4M | $67.5M | $44.7M | $131.10B | $95.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.43B | $1.37B | $1.32B | $1.19B | $1.15B | $1.15B | $1.09B | $1.09B | $1.08B | $1.05B | $957.9M | $926.9M |
| Other non-current assets | $0 | $25.3M | $31.8M | $22.7M | $16.9M | $20.1M | $1.3M | $0 | $0 | $0 | $958.84B | $0 |
| Total assets | $1.50B | $1.44B | $1.43B | $1.28B | $1.26B | $1.24B | $1.16B | $1.16B | $1.15B | $1.09B | $1.09T | $1.02B |
| Liabilities | ||||||||||||
| Accounts payable | $8.9M | $3.3M | $7.4M | $3.7M | $7.5M | $3.6M | $5.8M | $3.5M | $5.7M | $1.7M | $6.7M | $3.3M |
| Total current liabilities | $955,000 | $32.8M | $38.7M | $31.6M | $34.6M | $28.6M | $33.6M | $3.5M | $5.7M | $29.6M | $1.23B | $3.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $761.7M | $669.3M | $645.9M | $535.1M | $530.5M | $535.4M | $474.9M | $498.7M | $493.5M | $454.8M | $500.20B | $470.8M |
| Total liabilities | $762.6M | $702.2M | $684.6M | $566.7M | $565.2M | $564.1M | $508.4M | $502.3M | $499.2M | $484.4M | $501.42B | $474.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $38,000 | $38,000 | $38,000 | $36,000 | $35,000 | $35,000 | $34,000 | $34,000 | $34,000 | $32,000 | $31,000 | $28,000 |
| Retained earnings (deficit) | $97.1M | $100.6M | $100.5M | $94.0M | $95.6M | $89.4M | $88.5M | $86.6M | $89.4M | $84.8M | $85.1M | $80.7M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $738.5M | $742.0M | $741.9M | $711.0M | $692.3M | $677.9M | $655.7M | $658.8M | $646.8M | $608.3M | $589.47B | $548.6M |
| Key figures | ||||||||||||
| Total debt | $288.1M | $668.1M | $644.1M | $533.5M | $529.1M | $534.1M | $474.9M | $471.4M | $465.0M | $454.8M | $204.47B | $444.9M |
| Net cash (debt) | −$105.1M | −$506.5M | −$574.1M | −$471.2M | −$437.9M | −$466.6M | −$417.7M | −$417.0M | −$416.6M | −$427.7M | −$85.34B | −$364.6M |
| Working capital | $209.7M | $16.8M | $31.3M | $30.7M | $56.6M | $38.8M | $38.7M | $66.8M | $61.8M | $15.1M | $129.87B | $92.5M |
| Tangible book value | $738.5M | $742.0M | $741.9M | $711.0M | $692.3M | $677.9M | $655.7M | $658.8M | $646.8M | $608.3M | $589.47B | $548.6M |
| Book value per share | $19.46 | $19.55 | $20.07 | $19.90 | $19.69 | $19.89 | $19.33 | $19.73 | $20.06 | $19.77 | $22,357.97 | $20.61 |
| Shares outstanding | 38.0M | 38.0M | 37.0M | 35.7M | 35.2M | 34.1M | 33.9M | 33.4M | 32.2M | 30.8M | 26.4M | 26.6M |
| Current ratio | 220.58 | 1.51 | 1.81 | 1.97 | 2.63 | 2.36 | 2.15 | 19.86 | 11.90 | 1.51 | 106.84 | 28.73 |
| Quick ratio | 220.58 | 5.63 | 2.36 | 2.62 | 3.09 | 3.02 | 2.15 | 19.40 | 11.57 | 1.45 | 106.84 | 28.19 |
| Debt / equity | 0.39 | 0.90 | 0.87 | 0.75 | 0.76 | 0.79 | 0.72 | 0.72 | 0.72 | 0.75 | 0.35 | 0.81 |
| Equity / assets | 49.2% | 51.4% | 52.0% | 55.6% | 55.1% | 54.6% | 56.3% | 56.7% | 56.4% | 55.7% | 54.0% | 53.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
FDUS financial position
At the end of fiscal 2025 (December 31, 2025), Fidus Investment had total assets of $1.4 billion (up 22.5% from a year earlier), total liabilities of $684.6 million and shareholders' equity of $741.9 million. It held $70.0 million in cash and short-term investments against $644.1 million of debt, net debt of $574.1 million. Its current ratio was 1.81. In the latest quarter (ended June 30, 2026) total assets were $1.5 billion and equity $738.5 million.
Related: FDUS income statement, FDUS cash flow statement, FDUS key metrics. See the FDUS stock overview for the latest quote and news.
FDUS balance sheet FAQ
What are Fidus Investment's total assets?
Fidus Investment reported total assets of $1.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does Fidus Investment have?
Fidus Investment had $644.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.87.
How much cash does Fidus Investment have?
Fidus Investment held $70.0 million in cash and short-term investments at the end of fiscal 2025; with $644.1 million of debt that is net debt of $574.1 million.
What is Fidus Investment's book value?
Fidus Investment's shareholders' equity (book value) was $741.9 million at the end of fiscal 2025, or $20.90 per share.
What is Fidus Investment's current ratio?
Fidus Investment had current assets of $70.0 million and current liabilities of $38.7 million, a current ratio of 1.81 (it can cover its short-term obligations).