Fidus Investment Corp
NASDAQ:FDUS
Income Statement
Earnings Waterfall
Fidus Investment Corp
Income Statement
Fidus Investment Corp
| Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue |
23
N/A
|
26
+12%
|
29
+9%
|
32
+11%
|
34
+7%
|
36
+7%
|
39
+8%
|
40
+3%
|
42
+4%
|
43
+2%
|
43
+0%
|
44
+2%
|
46
+6%
|
48
+5%
|
51
+5%
|
53
+4%
|
54
+3%
|
56
+3%
|
57
+2%
|
58
+2%
|
60
+4%
|
62
+3%
|
65
+6%
|
69
+6%
|
69
0%
|
71
+3%
|
71
+1%
|
71
0%
|
76
+7%
|
79
+3%
|
78
0%
|
80
+2%
|
77
-3%
|
77
0%
|
79
+3%
|
81
+2%
|
85
+5%
|
88
+4%
|
90
+2%
|
90
+0%
|
90
+1%
|
88
-3%
|
87
-1%
|
91
+4%
|
94
+4%
|
103
+9%
|
112
+9%
|
121
+8%
|
130
+7%
|
136
+4%
|
141
+4%
|
145
+3%
|
146
+1%
|
148
+1%
|
152
+3%
|
151
-1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(11)
|
(12)
|
(14)
|
(15)
|
(16)
|
(17)
|
(20)
|
(20)
|
(20)
|
(20)
|
(18)
|
(18)
|
(19)
|
(21)
|
(23)
|
(24)
|
(25)
|
(26)
|
(28)
|
(29)
|
(31)
|
(31)
|
(31)
|
(32)
|
(32)
|
(34)
|
(33)
|
(35)
|
(38)
|
(36)
|
(38)
|
(40)
|
(42)
|
(44)
|
(46)
|
(45)
|
(44)
|
(44)
|
(44)
|
(44)
|
(44)
|
(42)
|
(41)
|
(42)
|
(44)
|
(48)
|
(52)
|
(56)
|
(58)
|
(61)
|
(63)
|
(64)
|
(65)
|
(66)
|
(69)
|
(71)
|
|
| Gross Profit |
12
N/A
|
14
+14%
|
15
+7%
|
16
+10%
|
18
+8%
|
19
+8%
|
19
0%
|
20
+7%
|
22
+8%
|
23
+4%
|
25
+11%
|
26
+2%
|
27
+4%
|
27
+3%
|
28
+2%
|
29
+5%
|
30
+1%
|
30
+3%
|
29
-4%
|
29
-1%
|
30
+2%
|
30
+2%
|
34
+13%
|
37
+7%
|
37
-1%
|
36
0%
|
38
+4%
|
36
-5%
|
39
+7%
|
42
+9%
|
40
-5%
|
40
+0%
|
35
-12%
|
33
-6%
|
33
+1%
|
36
+7%
|
41
+16%
|
44
+6%
|
46
+4%
|
46
+1%
|
47
+2%
|
46
-2%
|
46
+0%
|
49
+6%
|
50
+2%
|
55
+9%
|
60
+9%
|
66
+10%
|
72
+9%
|
75
+5%
|
78
+4%
|
81
+4%
|
81
+1%
|
82
+1%
|
83
+2%
|
81
-3%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(4)
|
(1)
|
(2)
|
(3)
|
7
|
7
|
4
|
(1)
|
(10)
|
(14)
|
(16)
|
(21)
|
(21)
|
(17)
|
(12)
|
(2)
|
(2)
|
(2)
|
(4)
|
(6)
|
(6)
|
(9)
|
(6)
|
(4)
|
(4)
|
(4)
|
(5)
|
|
| Selling, General & Administrative |
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
10
|
10
|
7
|
2
|
(7)
|
(11)
|
(13)
|
(18)
|
(18)
|
(14)
|
(9)
|
1
|
1
|
1
|
(0)
|
(2)
|
(2)
|
(5)
|
(3)
|
(0)
|
(0)
|
(0)
|
(2)
|
|
| Operating Income |
12
N/A
|
13
+11%
|
13
+1%
|
14
+10%
|
16
+9%
|
17
+8%
|
17
-1%
|
18
+8%
|
20
+8%
|
20
+3%
|
22
+12%
|
23
+2%
|
24
+4%
|
24
+3%
|
25
+2%
|
26
+6%
|
27
+2%
|
28
+3%
|
27
-4%
|
26
-1%
|
27
+2%
|
28
+3%
|
32
+14%
|
34
+8%
|
34
-1%
|
34
-1%
|
34
+0%
|
32
-6%
|
36
+13%
|
38
+6%
|
39
+2%
|
39
0%
|
32
-16%
|
40
+24%
|
40
-1%
|
40
-1%
|
41
+2%
|
34
-16%
|
31
-9%
|
29
-6%
|
26
-13%
|
25
-3%
|
29
+18%
|
37
+26%
|
48
+30%
|
52
+9%
|
58
+11%
|
62
+7%
|
66
+6%
|
69
+4%
|
69
+0%
|
75
+8%
|
77
+3%
|
78
+1%
|
79
+2%
|
75
-5%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
4
|
3
|
2
|
4
|
4
|
4
|
13
|
10
|
8
|
7
|
(6)
|
(5)
|
(4)
|
(2)
|
1
|
(1)
|
(1)
|
(0)
|
8
|
11
|
15
|
18
|
11
|
12
|
12
|
19
|
16
|
20
|
15
|
8
|
3
|
3
|
17
|
(28)
|
(23)
|
(16)
|
(8)
|
38
|
59
|
69
|
97
|
96
|
74
|
49
|
(9)
|
(9)
|
(11)
|
(2)
|
14
|
16
|
29
|
16
|
6
|
6
|
4
|
12
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(2)
|
(3)
|
(4)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
|
| Pre-Tax Income |
15
N/A
|
16
+1%
|
15
-3%
|
19
+23%
|
19
+4%
|
21
+6%
|
30
+45%
|
28
-7%
|
28
+1%
|
27
-5%
|
17
-37%
|
17
+5%
|
20
+14%
|
23
+15%
|
26
+12%
|
26
+0%
|
26
+2%
|
28
+4%
|
34
+25%
|
37
+9%
|
42
+13%
|
46
+8%
|
43
-7%
|
46
+9%
|
46
+0%
|
52
+13%
|
50
-4%
|
52
+4%
|
51
-2%
|
45
-11%
|
41
-9%
|
41
-1%
|
49
+21%
|
12
-76%
|
16
+39%
|
23
+42%
|
33
+40%
|
70
+115%
|
88
+25%
|
96
+9%
|
119
+24%
|
119
+0%
|
101
-15%
|
84
-17%
|
39
-54%
|
43
+10%
|
47
+10%
|
60
+27%
|
80
+33%
|
84
+6%
|
98
+16%
|
90
-7%
|
82
-9%
|
84
+2%
|
83
0%
|
86
+3%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(1)
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(1)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(5)
|
(5)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(6)
|
(4)
|
(5)
|
|
| Income from Continuing Operations |
15
|
16
|
15
|
19
|
19
|
21
|
30
|
28
|
27
|
26
|
16
|
17
|
19
|
23
|
25
|
26
|
26
|
27
|
34
|
37
|
42
|
44
|
41
|
44
|
44
|
49
|
47
|
50
|
49
|
46
|
41
|
40
|
48
|
10
|
15
|
22
|
31
|
70
|
88
|
95
|
116
|
116
|
98
|
81
|
36
|
40
|
43
|
55
|
77
|
82
|
95
|
87
|
78
|
78
|
79
|
82
|
|
| Net Income (Common) |
15
N/A
|
16
+1%
|
15
-3%
|
19
+23%
|
19
+4%
|
21
+6%
|
30
+45%
|
28
-7%
|
27
-2%
|
26
-5%
|
16
-38%
|
17
+5%
|
19
+17%
|
23
+16%
|
25
+13%
|
26
+1%
|
26
+2%
|
27
+4%
|
34
+24%
|
37
+9%
|
42
+13%
|
44
+5%
|
41
-6%
|
44
+9%
|
44
-1%
|
49
+13%
|
47
-5%
|
50
+6%
|
49
-1%
|
46
-7%
|
41
-10%
|
40
-2%
|
48
+20%
|
10
-79%
|
15
+47%
|
22
+46%
|
31
+44%
|
70
+123%
|
88
+26%
|
95
+9%
|
116
+22%
|
116
+0%
|
98
-15%
|
81
-17%
|
36
-56%
|
40
+11%
|
43
+7%
|
55
+30%
|
77
+39%
|
82
+6%
|
95
+16%
|
87
-8%
|
78
-10%
|
78
-1%
|
79
+2%
|
82
+3%
|
|
| EPS (Diluted) |
1.63
N/A
|
1.65
+1%
|
1.6
-3%
|
1.88
+17%
|
1.91
+2%
|
1.58
-17%
|
2.17
+37%
|
2.02
-7%
|
2.01
0%
|
1.9
-5%
|
1.17
-38%
|
1.22
+4%
|
1.36
+11%
|
1.4
+3%
|
1.56
+11%
|
1.56
N/A
|
1.6
+3%
|
1.67
+4%
|
1.94
+16%
|
1.91
-2%
|
2.27
+19%
|
1.93
-15%
|
1.79
-7%
|
1.8
+1%
|
1.87
+4%
|
2.01
+7%
|
1.92
-4%
|
2.04
+6%
|
2.02
-1%
|
1.87
-7%
|
1.69
-10%
|
1.65
-2%
|
1.98
+20%
|
0.42
-79%
|
0.62
+48%
|
0.9
+45%
|
1.28
+42%
|
2.86
+123%
|
3.59
+26%
|
3.9
+9%
|
4.75
+22%
|
4.76
+0%
|
4.03
-15%
|
3.34
-17%
|
1.46
-56%
|
1.61
+10%
|
1.72
+7%
|
2.08
+21%
|
2.93
+41%
|
2.65
-10%
|
2.94
+11%
|
2.61
-11%
|
2.4
-8%
|
2.28
-5%
|
2.24
-2%
|
2.28
+2%
|
|