GLADSTONE INVESTMENT CORPORATION\DE (GAIN) Company Report

Gladstone Investment reported adjusted net investment income (NII) of $0.21 per share and total assets of $1.2 billion for the third quarter of fiscal year 2026, ending December 31, 2025.
The company's net asset value (NAV) increased to $14.95 per share from $13.53 per share in the prior quarter, primarily driven by $1.77 per share of net unrealized appreciation.
GAIN maintained its monthly distribution to shareholders of $0.08 per share and reported an estimated spillover of approximately $22.9 million, or $0.58 per share, as of December 31, 2025.
Strategic debt management included redeeming $74.8 million of 8% notes and issuing $60 million of 6.875% notes, reducing the interest burden by 110 basis points, and expanding its credit facility to a total commitment level of $300 million.
The company invested approximately $163 million in 4 new portfolio companies during the first nine months of fiscal year 2026 and continues to have a healthy pipeline for new acquisitions.

3 days ago

Gladstone Investment Reports Q3 FY2026 Results with Increased NAV and Adjusted NII

GAIN

Earnings

Dividends

New Projects/Investments

For the third quarter of fiscal year 2026, Gladstone Investment (GAIN) reported adjusted net investment income (NII) of $0.21 per share, while experiencing a GAAP net investment loss of $6.5 million primarily due to a $9.9 million increase in capital gains-based incentive fees.
The company's net asset value (NAV) increased to $14.95 per share as of December 31, 2025, up from $13.53 per share in the prior quarter, driven by $70.2 million in unrealized appreciation of its investment portfolio.
Total assets grew to approximately $1.2 billion, and GAIN invested $163 million in four new portfolio companies during the first nine months of fiscal year 2026.
GAIN maintained its monthly distribution to shareholders of $0.08 per share and reported an estimated spillover of $22.9 million, or $0.58 per share, as of December 31, 2025, with expectations for supplemental distributions to continue.
The company strengthened its balance sheet by redeeming $74.8 million of 8% notes and issuing $60 million of 6.875% notes, which reduced its interest burden, and expanded its credit facility to a total commitment level of $300 million.

3 days ago

Gladstone Investment Corporation Reports Q3 2026 Financial Results

GAIN

Earnings

Debt Issuance

Dividends

New Projects/Investments

Gladstone Investment Corporation reported a net investment loss of $(6.5) million, or $(0.16) per weighted-average common share, for the quarter ended December 31, 2025, primarily due to an increase in total expenses, net, driven by $9.9 million in accruals for capital gains-based incentive fees.
Net asset value per common share increased to $14.95 as of December 31, 2025, up from $13.53 as of September 30, 2025, largely due to $70.2 million in net unrealized appreciation of investments.
The company paid $0.08 per common share distribution in October, November, and December 2025, and declared $0.08 per common share for January, February, and March 2026.
Financing activities included issuing $60.0 million of 6.875% Notes due 2028 and increasing the credit facility from $270.0 million to $300.0 million. The company also invested $33.1 million in a new portfolio company, Rowan Energy Inc..

4 days ago

Gladstone Investment Reports Strong Q2 2026 Performance with Increased Assets and NAV

GAIN

Earnings

New Projects/Investments

Dividends

Gladstone Investment Corporation (GAIN) reported adjusted net investment income of $0.24 per share for the second quarter of fiscal year 2026, which was sufficient to cover its monthly distributions to shareholders.
Total assets increased by $90 million from the prior quarter to $1.1 billion, and Net Asset Value (NAV) per share rose to $13.53 from $12.99.
The company invested approximately $130 million in three new portfolio companies during the first six months of fiscal year 2026 and maintains a healthy pipeline for new acquisitions.
Liquidity remains strong with $174 million in availability under its credit facility and an asset coverage ratio of 193% as of September 30, 2025.
GAIN successfully restructured its investment in JR Hobbs, reducing the number of portfolio companies on non-accrual status from four to three, with non-accrual investments now representing 3.9% of the total portfolio at cost.

Nov 5, 2025, 1:30 PM

Gladstone Investment Corporation Reports Q2 2026 Financial Results

GAIN

Earnings

Dividends

New Projects/Investments

Gladstone Investment Corporation reported net investment income of $4.3 million ($0.11 per weighted-average common share) for the second fiscal quarter ended September 30, 2025, a decrease from the prior quarter, while Adjusted net investment income per weighted-average common share remained stable at $0.24 for both quarters.
Net asset value per common share increased to $13.53 as of September 30, 2025, up from $12.99 as of June 30, 2025, primarily driven by $54.5 million in net unrealized appreciation of investments.
During the quarter ended September 30, 2025, the company invested $67.6 million in Global GRAB Technologies, Inc. and recognized a $29.9 million realized loss from the restructuring of a loan with J.R. Hobbs Co. - Atlanta, LLC.
The company paid $0.08 per common share in monthly distributions for July, August, and September 2025, and declared the same amount for October, November, and December 2025.