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MRCC

Monroe Capital Corporation

MRCC

Monroe Capital Corporation • NASDAQ
$6.42 ▲ 1.10% (+0.07)
Market Cap $139.10 M
52w High $8.85
52w Low $5.86
Dividend Yield 1.00%
P/E -33.79
Volume 35.68K
Outstanding Shares 21.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.604M ▲ $1.169M ▼ $-1.137M ▲ -31.548% ▲ $0.08 ▲ $-1.067M ▲
Q2-2025 $2.964M ▼ $1.344M ▲ $-1.869M ▼ -63.057% ▼ $-0.086 ▼ $-1.912M ▼
Q1-2025 $6.233M ▲ $1.253M ▲ $532K ▲ 8.535% ▲ $0.19 ▲ $652K ▲
Q4-2024 $4.321M ▼ $1.091M ▼ $-1.715M ▼ -39.69% ▼ $-0.079 ▼ $-1.552M ▼
Q3-2024 $11.444M $1.157M $4.966M 43.394% $0.23 $5.102M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.526M ▲ $388.952M ▼ $215.914M ▲ $173.038M ▼
Q2-2025 $2.425M ▼ $394.617M ▼ $215.025M ▼ $179.592M ▼
Q1-2025 $6.463M ▼ $461.518M ▼ $274.641M ▼ $186.877M ▼
Q4-2024 $9.044M ▲ $490.671M ▼ $298.909M ▼ $191.762M ▼
Q3-2024 $4.07M $501.862M $302.969M $198.893M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.137M ▲ $-1.947M ▼ $6.256M ▼ $-3.208M ▲ $1.101M ▲ $-1.947M ▼
Q2-2025 $-1.869M ▼ $2.749M ▲ $59.544M ▲ $-66.331M ▼ $-4.038M ▼ $2.749M ▲
Q1-2025 $532K ▲ $500K ▼ $25.568M ▲ $-28.649M ▼ $-2.581M ▼ $500K ▼
Q4-2024 $-1.715M ▼ $15.492M ▲ $0 ▼ $-10.518M ▲ $4.974M ▲ $15.492M ▲
Q3-2024 $4.966M $1.466M $12.95M $-14.222M $194K $1.466M

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have been generally positive but a bit uneven over the past few years, which is common for a lender focused on smaller private companies. After a soft patch around 2022–2023, earnings appear to have recovered, with recent results showing healthier profitability and a solid rebound in per‑share earnings. Overall, the income statement points to a business that can be profitable but is sensitive to credit conditions and deal activity in its niche market.

Balance Sheet

Balance Sheet The balance sheet shows a fairly steady asset base with only modest changes over time. Debt levels are meaningful, as expected for a business development company that uses borrowing to fund loans, but they do not appear to be spiraling higher. Equity has slipped slightly from earlier peaks but has generally held within a relatively narrow band, suggesting book value stability rather than aggressive growth. Cash on hand is low, which is typical for this type of lender that prefers to keep capital deployed, making access to funding markets and credit lines an important consideration.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive, though it moves up and down from year to year as portfolios are refinanced, repaid, or restructured. Because the business does not require heavy spending on physical assets, free cash flow largely tracks operating cash flow. This pattern indicates that most of the cash produced can be used for dividends, debt service, and portfolio reinvestment rather than large capital projects, but it also means performance is closely tied to the health and behavior of the loan book.

Competitive Edge

Competitive Edge Monroe Capital’s edge comes from its specialization in lending to smaller, often overlooked companies and building long‑term relationships in that space. Its credit‑first mindset, deep network of sponsors and intermediaries, and flexible financing structures help it win deals and manage risk. At the same time, it competes in a crowded private credit arena where many funds are chasing similar opportunities, and its smaller scale compared to the largest players can be both a constraint and a source of agility. Portfolio quality and underwriting discipline remain central to maintaining its position.

Innovation and R&D

Innovation and R&D This is not a research‑heavy or technology‑development business, but it does innovate in how it sources, structures, and manages loans. Monroe leverages third‑party software to closely track its portfolio and improve reporting, which supports risk management rather than creating a traditional tech moat. The planned merger with Horizon Technology Finance is the most significant forward‑looking step: it aims to blend Monroe’s lower middle‑market strength with Horizon’s technology and venture lending focus. That combination could broaden product offerings and open new niches, but it also introduces integration and execution risk as the two platforms come together.

Summary

Overall, Monroe Capital looks like a specialized lender with a reasonably steady financial base, improving profitability after a choppy period, and reliable but variable cash generation tied to credit cycles. Its strengths lie in a focused niche, relationship‑driven origination, and a disciplined credit culture. Key risks include exposure to smaller, less resilient borrowers, competition in private credit, and the challenge of successfully integrating the upcoming merger while preserving underwriting standards. Future performance will likely hinge on credit quality, economic conditions, and how effectively the combined organization scales and diversifies its lending platform.

NEWS

November 24, 2025 · 6:00 AM UTC

Monroe Capital Closes $730.7 Million Private Credit Collateralized Loan Obligation

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November 20, 2025 · 6:00 AM UTC

Monroe Capital Supports Milrose Consultants' Acquisition of Surface Design Group

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November 18, 2025 · 6:00 AM UTC

Monroe Capital Supports Frontenac's Acquisition of Beckway Consulting, LLC

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November 12, 2025 · 6:00 AM UTC

Monroe Capital Named to GrowthCap Advisory's 2025 List of Top Private Debt Firms

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November 10, 2025 · 6:00 AM UTC

Monroe Capital Supports Respida Capital's Acquisition of ENTOUCH

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