GLADSTONE INVESTMENT CORPORATION\DE

Listed Company

GAINICIK 0001321741NasdaqNon-AcceleratedDelawareFY ends Mar 31

Period

FY 2026

Revenue

—

Net Income

$184.75M

Total Assets

$1.32B

Equity

$668.23M

Shares Out

39.82M

Op. Cash Flow

$-101.61M

GAIN$16.54+16.32% · past yearDBEQ Basic

Daily closing prices

Business

Gladstone Investment Corporation is an externally managed, closed-end business development company that invests in debt and equity securities of established private businesses in the United States. The company focuses on lower middle market companies, providing secured first and second lien debt, preferred equity, and common equity or equivalents. Its portfolio comprises companies across multiple industries and geographic regions, with a majority weighting in debt investments and a smaller portion in equity investments.

Summary from 10-K filed 2026-05-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Interest income:	90	84	82	60	60
Dividend income:	6	3	2	11	3
Success fee income:	3	7	4	10	10
Total investment income	99	94	87	82	73
Base management fee	23	19	18	15	14
Loan servicing fee	12	10	9	8	7
Incentive fee	38	12	21	9	—
Administration fee	2	2	2	2	2
Interest expense on borrowings	37	28	24	16	13
Amortization of deferred financing costs and discounts	4	3	2	2	2
Professional fees	2	2	1	2	1
Other general and administrative expenses	2	5	3	3	3
Expenses before credits from Adviser	120	80	80	56	71
Credits to base management fee loan servicing fee	−12	−10	−9	−8	−7
Credits to fees from Adviser - other	−5	−5	−6	−4	−6
Total expenses, net of credits to fees	103	66	66	45	58
NET INVESTMENT (LOSS) INCOME	−4	28	22	37	15
Net realized gain (loss):	−28	63	30	11	12
Net unrealized appreciation (depreciation):	216	−26	33	−12	75
Net realized and unrealized gain	189	37	64	−1	87
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	185	65	85	36	102
Net investment (loss) income, basic (in USD per share)	−0.1	0.76	0.63	1.11	0.45
Net investment (loss) income, diluted (in USD per share)	−0.1	0.76	0.63	—	—
Net increase in net assets resulting from operations, basic (in USD per share)	4.77	1.78	2.47	1.07	3.08
Net increase in net assets resulting from operations, diluted (in USD per share)	4.77	1.78	2.47	1.07	3.08
Basic (in shares)	39	37	34	33	33
Diluted (in shares)	39	37	34	33	33

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Investments at fair value	1,300	979	921	754	714
Cash	1	13	—	—	—
Cash equivalents	25,000	1	—	—	—
Restricted cash	1	856,000	—	—	—
Interest receivable	7	6	8	3	3
Deferred financing costs, net	636,000	1	2	431,000	895,000
Other assets, net	2	2	2	1	1
TOTAL ASSETS	1,323	1,006	938	766	740
Line of credit at fair value (Cost of $23,900 and $0, respectively)	24	0	67	35	0
Notes payable, net of unamortized deferred financing costs of $8,460 and $8,029, respectively	541	456	331	257	256
Total borrowings	564	456	398	293	261
Accounts payable and accrued expenses	1	1	732,000	786,000	799,000
Interest payable	6	5	3	2	2
Other liabilities	1	857,000	759,000	565,000	330,000
TOTAL LIABILITIES	655	507	445	326	295
Commitments and contingencies	—	—	—	—	—
NET ASSETS	668	499	493	440	446
Common stock, $0.001 par value per share, 100,000,000 shares authorized; 39,821,967 and 36,837,381 shares issued and outstanding, respectively	40,000	37,000	37,000	34,000	33,000
Capital in excess of par value	487	446	445	402	398
Total distributable earnings	181	54	48	38	48
TOTAL NET ASSETS	668	499	493	440	446
NET ASSET VALUE PER SHARE (in USD per share)	16.78	13.55	13.43	13.09	13.43

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Purchase of investments	−174	−221	−184	−134	−93
Principal repayments of investments	30	124	28	52	51
Net proceeds from the sale and recapitalization of investments	4	76	52	36	50
Amortization of deferred financing costs and discounts	4	3	2	2	2
Bad debt expense, net of recoveries	−202,000	2	1,000	362,000	792,000
(Increase) decrease in interest receivable	−1	761,000	−5	4,000	−131,000
Decrease (increase) in other assets, net	559,000	−436,000	−181,000	−446,000	209,000
(Decrease) increase in accounts payable and accrued expenses	−44,000	559,000	−54,000	−13,000	236,000
Increase in interest payable	2	1	1	119,000	2
Increase in other liabilities	367,000	98,000	485,000	442,000	45,000
Net cash (used in) provided by operating activities	−102	16	−70	−5	37
Proceeds from issuance of common stock, net of discounts, commissions and offering costs	42	2	44	—	—
Proceeds from line of credit	295	214	242	103	112
Repayments on line of credit	−272	−281	−211	−67	−134
Deferred financing costs from line of credit	−333,000	−763,000	−2	−308,000	−3
Repayment of notes payable	−75	0	0	—	—
Proceeds from issuance of notes payable, net of deferred offering costs	156	122	72	0	135
Distributions paid to common stockholders	−57	−61	−76	−47	−39
Net cash provided by (used in) financing activities	89	−4	70	−7	−25
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	−13	12	−28,000	−11	12
CASH PAID FOR INTEREST	34	25	22	14	10

Filings

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Frequently asked questions

What is GLADSTONE INVESTMENT CORPORATION\DE's CIK number?

GLADSTONE INVESTMENT CORPORATION\DE's SEC CIK number is 0001321741 (1321741). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find GLADSTONE INVESTMENT CORPORATION\DE's SEC filings?

All of GLADSTONE INVESTMENT CORPORATION\DE's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did GLADSTONE INVESTMENT CORPORATION\DE last report earnings?

GLADSTONE INVESTMENT CORPORATION\DE (GAINI) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001321741-26-000012). This is GLADSTONE INVESTMENT CORPORATION\DE's most recent earnings filing of record — not a forecast of its next earnings date.

What is GLADSTONE INVESTMENT CORPORATION\DE's most recent earnings 8-K?

GLADSTONE INVESTMENT CORPORATION\DE's latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001321741-26-000012. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View GLADSTONE INVESTMENT CORPORATION\DE's latest earnings 8-K →
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