Main Street Capital MAIN Incentive fees — Total revenues before waivers

Other product segments

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ARESIncentive fees — Total revenues

$161.93M+405%

APOIncentive fees — Revenue

$64M+60.0%

BAMIncentive fees — Revenue

$130M+11.1%

TPGIncentive fees — Fees and other

$8.21M+32.3%

CGIncentive fees — Fund management fees and incentive fees

$51.7M+19.4%

OBDCCapital gains incentive fee payable

-$6.49M-494%

Questions, answered.

What is Main Street Capital's incentive fees — total revenues before waivers?

Main Street Capital (MAIN) reported incentive fees — total revenues before waivers of $4M in Q1 2026.

How has Main Street Capital's incentive fees — total revenues before waivers changed year-over-year?

Main Street Capital's incentive fees — total revenues before waivers increased by 48.8% year-over-year, from $2.69M to $4M.

What is the long-term trend for Main Street Capital's incentive fees — total revenues before waivers?

Over 3 years (2022 to 2025), Main Street Capital's incentive fees — total revenues before waivers has grown at a 79.4% compound annual growth rate (CAGR), from $2.52M to $14.54M.

What does incentive fees — total revenues before waivers mean?

This metric represents the gross performance-based compensation earned by the investment manager for achieving specific investment return thresholds before any contractual fee waivers or reductions. It serves as a key indicator of the firm's ability to generate excess returns for its managed assets and reflects the underlying performance of the investment portfolio. Monitoring this figure helps investors assess the alignment of interests between the manager and shareholders and the potential for future fee income growth.