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Main Street Capital MAIN Administrative services fees — Total revenues before waivers

Other product segments

Management Service, Base
$6.07M+5.5%
Incentive fees
$4M+48.8%

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Other financials

Income statement

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Net income$49.0M-57.8%
EPS (diluted)$0.93-4.1%

Balance sheet

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Cash & equivalents$20.8M-81.0%
Total debt$2.5B+12.3%
Total equity$3.1B+8.9%
Total assets$5.8B+10.5%

Cash flow

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Operating cash flow-$138.5M-579%

Valuation

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Market cap$5.28B-7.5%
Enterprise value$7.79B-0.7%
P/E12.4×+1.7×

Returns & leverage

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Return on equity14.4%-4.9pp
Debt / equity0.8×0.0×

Where this comes from

Reported directly by Main Street Capital in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Main Street Capital’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 11:59 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001396440-26-000073
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Management fee income$6,071$5,752
Incentive fees (1)4,0032,690
Administrative services fees186174
Total revenues before waivers10,2608,616
Waiver of incentive fees(985)
Total revenues, net of incentive fee waivers9,2758,616
Expenses allocated from MSCC or its subsidiaries:
Salaries, share-based compensation and other personnel costs(4,571)(4,551)

Item 1. Consolidated Financial Statements

FAQ

What is Main Street Capital's administrative services fees — total revenues before waivers?
Main Street Capital (MAIN) reported administrative services fees — total revenues before waivers of $186K in Q1 2026.
How has Main Street Capital's administrative services fees — total revenues before waivers changed year-over-year?
Main Street Capital's administrative services fees — total revenues before waivers increased by 6.9% year-over-year, from $174K to $186K.
What is the long-term trend for Main Street Capital's administrative services fees — total revenues before waivers?
Over 3 years (2022 to 2025), Main Street Capital's administrative services fees — total revenues before waivers has grown at a 5.0% compound annual growth rate (CAGR), from $605K to $701K.
What does administrative services fees — total revenues before waivers mean?
This metric represents the gross revenue generated from providing administrative, management, or advisory services to external entities, such as investment funds or portfolio companies, prior to any fee waivers or credits. It reflects the scale and demand for the firm's specialized operational and management expertise provided to third parties. Monitoring this figure helps investors assess the firm's ability to monetize its internal capabilities as a distinct, recurring revenue stream independent of investment portfolio performance.

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