Fidus Investment Corporation (FDUS) Income Statement
FDUS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFDUS revenue and net income
Where FDUS's revenue goes
2025Each bar shows an amount and its share of revenue. FDUS kept 51.7% of revenue as net income.
FDUS profit margins
FDUS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +40.1% | +30.5% | +31.8% | +18.1% |
| Gross profit | +26.5% | +28.1% | +23.7% | +9.5% |
| Operating income | +47.4% | +36.5% | +30.0% | +16.3% |
| Net income | +5.2% | +32.0% | +21.4% | +12.2% |
| EPS (diluted) | −7.8% | +4.4% | +6.4% | +2.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FDUS quarterly EPS vs estimates
Fidus Investment beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.51).
FDUS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $159.2M | $113.7M | $108.6M | $71.6M | $127.2M | $40.0M | $53.9M | $56.9M | $51.7M | $47.3M |
| Cost of revenue | $43.6M | $22.3M | $20.6M | $16.6M | $42.9M | $21.5M | $41.8M | $11.4M | $9.8M | $8.3M |
| Gross profit | $115.6M | $91.4M | $88.0M | $55.1M | $127.2M | $40.0M | $53.9M | $65.1M | $58.8M | $52.0M |
| Research & development | — | — | $1 | $0 | $1 | $0 | $1 | $1 | $1 | $1 |
| Sales, general & admin | $4.5M | $6.8M | $6.3M | $5.4M | $4.5M | $5.2M | $4.4M | $4.3M | $4.1M | $4.0M |
| Total operating expenses | −$5.6M | $9.2M | $8.2M | $7.4M | $8.6M | $7.3M | $4.9M | −$2.9M | $8.0M | $12.0M |
| Operating income | $121.2M | $82.2M | $79.8M | $47.6M | $118.7M | $32.7M | $49.1M | $48.4M | $33.9M | $27.0M |
| Interest income | $140.7M | $134.3M | $112.2M | $84.5M | $77.4M | $78.2M | $71.4M | $67.6M | $62.3M | $52.9M |
| Interest expense | $28.8M | $22.3M | $20.6M | $16.6M | $19.2M | $17.4M | $17.1M | $11.3M | $9.9M | $10.6M |
| Income before taxes | $88.7M | $82.2M | $79.8M | $47.6M | $118.7M | $32.7M | $49.1M | $50.9M | $46.4M | $42.2M |
| Income taxes | $6.3M | $3.9M | $2.7M | $11.8M | $2.6M | $1.4M | $621,000 | $1.5M | $2.4M | $630,000 |
| Net income | $82.4M | $78.3M | $77.1M | $35.8M | $116.1M | $31.2M | $48.5M | $49.5M | $44.0M | $41.6M |
| EBITDA | $123.2M | $82.2M | $79.8M | $65.75B | $116.5M | $32.7M | $49.1M | $65.3M | $59.5M | $53.7M |
| EPS (diluted) | $2.13 | $2.31 | $2.55 | $1.87 | $1.77 | $1.56 | $1.44 | $1.54 | $1.48 | $1.58 |
| Gross margin | 72.6% | 80.4% | 81.0% | 76.9% | 100.0% | 100.0% | 100.0% | 114.4% | 113.8% | 109.9% |
| Operating margin | 76.1% | 72.3% | 73.5% | 66.5% | 93.3% | 81.7% | 91.0% | 85.2% | 65.6% | 57.1% |
| Net margin | 51.7% | 68.9% | 71.0% | 50.0% | 91.2% | 78.1% | 89.9% | 87.0% | 85.0% | 87.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49.9M | $35.3M | $32.7M | $29.8M | $35.5M | $30.2M | $27.2M | $24.5M | $33.7M | $28.2M | $35.2M | $31.7M |
| Cost of revenue | $11.9M | $11.5M | $8.7M | $6.9M | $7.0M | $6.2M | $5.7M | $5.5M | $5.6M | $5.5M | $5.4M | $5.4M |
| Gross profit | $38.1M | $23.8M | $24.0M | $22.8M | $28.4M | $24.0M | $21.5M | $19.0M | $28.1M | $22.7M | $29.8M | $26.3M |
| Sales, general & admin | $1.9M | $1.6M | $1.3M | $1.9M | $2.3M | $1.8M | $1.7M | $1.5M | $1.9M | $1.7M | $1.8M | $1.4M |
| Total operating expenses | $6.6M | −$6.1M | $2.2M | $2.9M | $3.0M | $2.5M | $2.2M | $2.0M | $2.3M | $2.7M | $2.3M | $1.9M |
| Operating income | $31.5M | $29.9M | $21.8M | $20.0M | $25.4M | $21.5M | $19.3M | $17.0M | $25.8M | $20.0M | $27.5M | $24.3M |
| Interest income | $40.5M | $38.3M | $37.1M | $34.9M | $35.5M | $33.1M | $34.4M | $34.3M | $33.8M | $31.9M | $32.5M | $31.7M |
| Interest expense | $10.1M | $9.8M | $8.7M | $6.9M | $7.0M | $6.2M | $5.7M | $5.5M | $5.6M | $5.5M | $5.4M | $5.4M |
| Income before taxes | $20.3M | $20.0M | $21.8M | $20.0M | $25.4M | $21.5M | $19.3M | $17.0M | $25.8M | $20.0M | $27.5M | $24.3M |
| Income taxes | $371,000 | $121,000 | $3.5M | $820,000 | $147,000 | $1.9M | $1.7M | $568,000 | $1.7M | −$76,000 | $1.1M | $39,000 |
| Net income | $20.0M | $19.9M | $18.3M | $19.1M | $25.3M | $19.7M | $17.6M | $16.5M | $24.1M | $20.1M | $26.4M | $24.3M |
| EBITDA | $31.3M | $29.8M | $22.6M | $20.0M | $26.2M | $22.2M | $19.9M | $17.0M | $26.3M | $20.0M | $27.5M | $24.9M |
| EPS (diluted) | $0.50 | $0.62 | $0.52 | $0.50 | $0.57 | $0.54 | $0.54 | $0.61 | $0.57 | $0.59 | $0.65 | $0.68 |
| Gross margin | 76.2% | 67.4% | 73.5% | 76.7% | 80.1% | 79.5% | 78.9% | 77.5% | 83.5% | 80.6% | 84.6% | 82.9% |
| Operating margin | 63.1% | 84.6% | 66.6% | 67.0% | 71.7% | 71.2% | 70.9% | 69.5% | 76.6% | 71.1% | 78.1% | 76.7% |
| Net margin | 40.0% | 56.3% | 56.1% | 64.3% | 71.2% | 65.0% | 64.6% | 67.2% | 71.5% | 71.3% | 75.1% | 76.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FDUS's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FDUS financial results
In fiscal year 2025 (ended December 31, 2025), Fidus Investment reported revenue of $159.2 million, up 40.1% from the year before. It had net income of $82.4 million (up 5.2%), a net profit margin of 51.7%. Diluted earnings per share came to $2.13. Over five years revenue grew at an average rate of 31.8% a year.
See the FDUS stock overview for the latest quote and news, or the FDUS chart for price history and technical indicators.
FDUS income statement FAQ
What is Fidus Investment's annual revenue?
Fidus Investment reported total revenue of $159.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 40.1% from $113.7 million the previous year.
Is Fidus Investment profitable?
Yes. Fidus Investment reported net income of $82.4 million in fiscal 2025, a net profit margin of 51.7%; its operating margin was 76.1%.
What is Fidus Investment's gross margin?
Fidus Investment's gross margin was 72.6% in fiscal 2025: for every $100 of revenue, Fidus Investment kept $73 after the direct cost of its products and services.
How fast is Fidus Investment growing?
Revenue grew 31.8% a year on average over the last five fiscal years, from $40.0 million to $159.2 million.
What are Fidus Investment's earnings per share?
Fidus Investment earned $2.13 per diluted share in fiscal 2025, compared with $2.31 a year earlier.
When will Fidus Investment report its next earnings?
Fidus Investment is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Fidus Investment's fiscal year end?
Fidus Investment's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.