v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment income        
PIK interest income $ 6,626 $ 7,605 $ 17,178 $ 22,081
Non-cash dividend income 5,179 7,255 15,382 22,085
Total investment income 60,414 80,529 190,683 249,682
Expenses        
Interest and other financing expenses 22,867 31,720 72,845 94,232
Management fee 7,312 9,619 22,880 29,611
Incentive fee 5,548 7,345 17,417 23,563
Professional fees 894 924 2,978 3,413
Administrative expenses 806 916 2,771 3,204
Other general and administrative expenses 681 478 1,755 1,325
Total expenses 38,108 51,002 120,646 155,348
Less: management and incentive fees waived (See Note 5) (1,387) (4,544) (8,932) (8,952)
Net expenses 36,721 46,458 111,714 146,396
Net investment income before income taxes 23,693 34,071 78,969 103,286
Income tax expense 0 29 23 18
Net investment income 23,693 34,042 78,946 103,268
Net realized (losses) gains:        
Investments     (77,526) 51,223
Net change in unrealized appreciation (depreciation):        
Investments     (22,994) (111,171)
Securities purchased under collateralized agreements to resell 0 0 (7,800) 0
Foreign currency 9 (120) (97) 482
Provision for taxes (168) (25) (22) (68)
Net realized and unrealized losses (19,950) (21,700) (108,439) (59,534)
Net increase (decrease) in net assets resulting from operations 3,743 12,342 (29,493) 43,734
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (264) (153) (699) (358)
Net increase (decrease) in net assets resulting from operations related to New Mountain Finance Corporation $ 3,479 $ 12,189 $ (30,192) $ 43,376
Basic earnings (loss) per share (in dollars per share) $ 0.04 $ 0.11 $ (0.31) $ 0.40
Weighted average shares of common stock outstanding - basic (in shares) 94,452,390 106,016,542 96,471,368 107,199,318
Diluted earnings (loss) per share (in dollars per share) $ 0.04 $ 0.11 $ (0.31) $ 0.40
Weighted average shares of common stock outstanding - diluted (in shares) 94,452,390 125,036,696 96,471,368 126,201,036
Distributions declared per share (in dollars per share) $ 0.25 $ 0.32 $ 0.82 $ 0.96
Distributions paid per share (in dollars per share) $ 0.25 $ 0.32 $ 0.82 $ 0.96
Non-controlled/Non-affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 35,311 $ 49,811 $ 110,509 $ 155,508
PIK interest income 3,602 2,968 8,497 8,812
Dividend income 147 179 2,304 1,242
Non-cash dividend income 1,272 4,026 3,464 12,432
Other income 1,349 1,436 4,368 3,640
Net realized (losses) gains:        
Investments (530) 8 (58,933) 12,324
Net change in unrealized appreciation (depreciation):        
Investments (14,408) (8,977) (46,117) (33,783)
Non-controlled/Affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 324 322 959 989
PIK interest income 1,330 1,132 3,774 3,176
Dividend income 689 0 689 0
Non-cash dividend income 352 304 1,753 2,279
Other income 63 63 188 188
Net change in unrealized appreciation (depreciation):        
Investments (1,946) (9,736) 4,186 (23,555)
Controlled        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,594 1,665 6,511 5,172
PIK interest income 1,694 3,505 4,907 10,093
Dividend income 8,671 11,818 31,285 36,199
Non-cash dividend income 3,555 2,925 10,165 7,374
Other income 461 375 1,310 2,578
Net realized (losses) gains:        
Investments (2) 1 (18,593) 38,899
Net change in unrealized appreciation (depreciation):        
Investments $ (2,905) $ (2,851) $ 18,937 $ (53,833)