8-K Announcements
6Mar 23, 2026·SEC
Feb 18, 2026·SEC
Feb 11, 2026·SEC
Gladstone Investment Corporation (GAIN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Gladstone Investment Corporation (GAIN) stock price & volume — 10-year historical chart
Gladstone Investment Corporation (GAIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Gladstone Investment Corporation (GAIN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 3, 2026 | $0.21vs $0.23-10.3% | $25Mvs $26M-3.0% |
| Q4 2025 | Nov 4, 2025 | $0.24vs $0.24+0.0% | $36Mvs $26M+39.8% |
| Q3 2025 | Aug 12, 2025 | $0.24vs $0.23+4.3% | $26Mvs $25M+5.0% |
| Q2 2025 | May 13, 2025 | $0.26vs $0.23+13.0% | $26Mvs $26M-1.0% |
Gladstone Investment Corporation (GAIN) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
Gladstone Investment Corporation (GAIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Gladstone Investment Corporation (GAIN) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 42.61M | 44.77M | 43.48M | 45.6M | 42.72M | 46.57M | 44.4M | 57.67M | 55.37M | 52.01M |
| NII Growth % | 0.86% | 5.06% | -2.86% | 4.85% | -6.3% | 9% | -4.66% | 29.9% | -4% | -39.65% |
| Net Interest Margin % | 8.27% | 7.33% | 6.85% | 7.91% | 6.64% | 6.29% | 5.8% | 6.15% | 5.5% | 4.21% |
| Interest Income | 46.15M | 48.8M | 49.63M | 49.55M | 47.16M | 59.65M | 60.28M | 81.79M | 83.61M | 88.61M |
| Interest Expense | 3.54M | 4.03M | 6.15M | 3.96M | 4.44M | 13.08M | 15.88M | 24.12M | 28.25M | 36.61M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.61M |
| Non-Interest Income | 6.79M | 20.56M | 55.75M | -37.59M | 6M | 52.58M | -11.74M | 21.38M | 6.27M | 24.04M |
| Non-Interest Income % | 12.82% | 29.64% | 52.9% | -314.19% | 11.29% | 46.85% | -24.2% | 20.72% | 6.97% | 21.34% |
| Total Revenue | 52.94M▲ 0% | 69.36M▲ 31.0% | 105.38M▲ 51.9% | 11.96M▼ 88.6% | 53.17M▲ 344.4% | 112.23M▲ 111.1% | 48.53M▼ 56.8% | 103.17M▲ 112.6% | 89.88M▼ 12.9% | 112.66M▲ 0% |
| Revenue Growth % | 59% | 31.03% | 51.93% | -88.65% | 344.4% | 111.08% | -56.76% | 112.58% | -12.88% | 13754.65% |
| Non-Interest Expense | 4.63M | 4.64M | 17.64M | 15.24M | 6.27M | -3.17M | -2.89M | -6.26M | -3.69M | 22.72M |
| Efficiency Ratio | 8.75% | 6.69% | 16.74% | 127.38% | 11.8% | -2.82% | -5.96% | -6.06% | -4.1% | 20.16% |
| Operating Income | 44.76M▲ 0% | 60.69M▲ 35.6% | 81.59M▲ 34.4% | -7.23M▼ 108.9% | 42.45M▲ 686.9% | 102.32M▲ 141.0% | 35.55M▼ 65.3% | 85.31M▲ 140.0% | 65.32M▼ 23.4% | 57.95M▲ 0% |
| Operating Margin % | 84.56% | 87.49% | 77.43% | -60.46% | 79.85% | 91.17% | 73.24% | 82.68% | 72.67% | 51.44% |
| Operating Income Growth % | 80.1% | 35.57% | 34.44% | -108.87% | 686.87% | 141% | -65.26% | 139.98% | -23.43% | - |
| Pretax Income | 44.76M▲ 0% | 60.69M▲ 35.6% | 81.59M▲ 34.4% | -7.23M▼ 108.9% | 42.45M▲ 686.9% | 102.32M▲ 141.0% | 35.55M▼ 65.3% | 85.31M▲ 140.0% | 65.32M▼ 23.4% | 130.35M▲ 0% |
| Pretax Margin % | 84.56% | 87.49% | 77.43% | -60.46% | 79.85% | 91.17% | 73.24% | 82.68% | 72.67% | 115.71% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 44.76M▲ 0% | 60.69M▲ 35.6% | 81.59M▲ 34.4% | -7.23M▼ 108.9% | 42.45M▲ 686.9% | 102.32M▲ 141.0% | 35.55M▼ 65.3% | 85.31M▲ 140.0% | 65.32M▼ 23.4% | 130.35M▲ 0% |
| Net Margin % | 84.56% | 87.49% | 77.43% | -60.46% | 79.85% | 91.17% | 73.24% | 82.68% | 72.67% | 115.71% |
| Net Income Growth % | 80.1% | 35.57% | 34.44% | -108.87% | 686.87% | 141% | -65.26% | 139.98% | -23.43% | 86.14% |
| Net Income (Continuing) | 44.76M | 60.69M | 81.59M | -7.23M | 42.45M | 102.32M | 35.55M | 85.31M | 65.32M | 130.35M |
| EPS (Diluted) | 1.48▲ 0% | 1.88▲ 27.0% | 2.49▲ 32.4% | -0.22▼ 108.8% | 1.28▲ 681.8% | 3.08▲ 140.6% | 1.07▼ 65.3% | 2.47▲ 130.8% | 1.78▼ 27.9% | 3.29▲ 0% |
| EPS Growth % | 80.49% | 27.03% | 32.45% | -108.84% | 681.82% | 140.63% | -65.26% | 130.84% | -27.94% | 61.98% |
| EPS (Basic) | 1.48 | 1.88 | 2.49 | -0.22 | 1.28 | 3.08 | 1.07 | 2.47 | 1.78 | - |
| Diluted Shares Outstanding | 30.27M | 32.27M | 32.81M | 32.87M | 33.18M | 33.21M | 33.31M | 34.47M | 36.74M | 39.68M |
Gladstone Investment Corporation (GAIN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.87M | 3.64M | 1.7M | 2.78M | 2.06M | 14.19M | 2.68M | 2.46M | 14.3M | 6.7M |
| Cash & Due from Banks | 2.87M | 3.64M | 1.7M | 2.78M | 2.06M | 14.19M | 2.68M | 2.46M | 14.3M | 1.35M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 16.04M | 12.46M | 13.31M | 26.16M | 633.83M | 0 | 0 | 0 | 0 | 0 |
| Investments Growth % | 60.42% | -22.35% | 6.84% | 96.54% | 2323.08% | -100% | - | - | - | 0% |
| Long-Term Investments | 16.04M | 12.46M | 13.31M | 26.16M | 633.83M | 0 | 0 | 0 | 0 | 1.13B |
| Accounts Receivables | 4.54M | 5.86M | 4.09M | 4.2M | 3.37M | 9.45M | 6.94M | 11.05M | 8.47M | 4.84M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 491.74M | 588.95M | 616M | 543.24M | 2.37M | 716.77M | 756.02M | 924.57M | 983.63M | 0 |
| Total Current Assets | 7.41M | 9.49M | 5.79M | 6.98M | 7.53M | 23.64M | 9.62M | 13.51M | 22.77M | 6.19M |
| Total Non-Current Assets | 507.78M | 601.4M | 629.3M | 569.4M | 636.2M | 716.77M | 756.02M | 924.57M | 983.63M | 0 |
| Total Assets | 515.2M▲ 0% | 610.9M▲ 18.6% | 635.1M▲ 4.0% | 576.38M▼ 9.2% | 643.73M▲ 11.7% | 740.41M▲ 15.0% | 765.64M▲ 3.4% | 938.08M▲ 22.5% | 1.01B▲ 7.3% | 1.24B▲ 0% |
| Asset Growth % | 2.41% | 18.58% | 3.96% | -9.25% | 11.69% | 15.02% | 3.41% | 22.52% | 7.28% | 109.01% |
| Return on Assets (ROA) | 8.79% | 10.78% | 13.1% | -1.19% | 6.96% | 14.78% | 4.72% | 10.01% | 6.72% | 10.54% |
| Accounts Payable | 578K | 916K | 892K | 1.22M | 563K | 2.99M | 3.1M | 4.2M | 6.17M | 0 |
| Total Debt | 74.8M | 112.6M | 58.1M | 54.3M | 243.59M | 261.35M | 292.61M | 398.35M | 455.71M | 442.88M |
| Net Debt | 71.93M | 108.96M | 56.39M | 51.52M | 241.53M | 247.16M | 289.92M | 395.88M | 441.41M | 441.53M |
| Long-Term Debt | 74.8M | 112.6M | 58.1M | 54.3M | 243.59M | 261.35M | 292.61M | 398.35M | 455.71M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 442.88M |
| Other Liabilities | 138.74M | 143.19M | 169M | 151.83M | 384K | 30.25M | 30.2M | 42.83M | 45.44M | 198.33M |
| Total Current Liabilities | 578K | 916K | 892K | 1.22M | 17.39M | 2.99M | 3.1M | 4.2M | 6.17M | 442.88M |
| Total Non-Current Liabilities | 213.53M | 255.78M | 227.1M | 206.12M | 243.97M | 291.59M | 322.81M | 441.18M | 501.15M | 198.33M |
| Total Liabilities | 214.11M | 256.7M | 227.99M | 207.35M | 261.37M | 294.58M | 325.9M | 445.37M | 507.32M | 641.21M |
| Total Equity | 301.08M▲ 0% | 354.2M▲ 17.6% | 407.11M▲ 14.9% | 369.03M▼ 9.4% | 382.36M▲ 3.6% | 445.83M▲ 16.6% | 439.74M▼ 1.4% | 492.71M▲ 12.0% | 499.08M▲ 1.3% | 595.41M▲ 0% |
| Equity Growth % | 7.91% | 17.64% | 14.94% | -9.35% | 3.61% | 16.6% | -1.37% | 12.05% | 1.29% | 48.91% |
| Equity / Assets (Capital Ratio) | 58.44% | 57.98% | 64.1% | 64.03% | 59.4% | 60.21% | 57.43% | 52.52% | 49.59% | 48.15% |
| Return on Equity (ROE) | 15.43% | 18.52% | 21.43% | -1.86% | 11.3% | 24.71% | 8.03% | 18.3% | 13.17% | 21.89% |
| Book Value per Share | 9.95 | 10.98 | 12.41 | 11.23 | 11.53 | 13.43 | 13.20 | 14.30 | 13.59 | 15.01 |
| Tangible BV per Share | 9.95 | 10.98 | 12.41 | 11.23 | 11.53 | 13.43 | 13.20 | 14.30 | 13.59 | 15.01 |
| Common Stock | 30K | 33K | 33K | 33K | 33K | 33K | 34K | 37K | 37K | 40K |
| Additional Paid-in Capital | 310.33M | 330.66M | 366.42M | 401.02M | 400.8M | 397.95M | 401.8M | 444.71M | 445.51M | 0 |
| Retained Earnings | 7.28M | 3.66M | -7.34M | 6.37M | -18.46M | -12.99M | -5.53M | -19.56M | -5.33M | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gladstone Investment Corporation (GAIN) cash flow — operating, investing & free cash flow history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 32.6M | -29.73M | 93.61M | 35.31M | 44.81M | 77.94M | -4.5M | 85.99M | 113.92M | 113.92M |
| Operating CF Growth % | 698.7% | -191.19% | 414.88% | -62.28% | 26.9% | 73.95% | -105.78% | 2009.1% | 32.49% | -1106.36% |
| Net Income | 44.76M | 60.69M | 81.59M | -7.23M | 42.45M | 102.32M | 35.55M | 85.31M | 65.32M | 130.35M |
| Depreciation & Amortization | 75K | 500K | 500K | -51.08M | 0 | 0 | 12.22M | 0 | 0 | -123.64M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -13.08M | -96.23M | -21.59M | 110.82M | 8.35M | -34.73M | -54.54M | -8.99M | 43.25M | 22.16M |
| Working Capital Changes | 847K | 5.32M | 33.12M | -17.19M | -6M | 10.35M | 2.27M | 9.68M | 5.35M | 315K |
| Cash from Investing | 0 | 0 | 0 | -89.18M | -74.54M | -41.34M | -98.22M | -155.92M | -97.62M | -91.76M |
| Purchase of Investments | 0 | 0 | 0 | -145.45M | -95.27M | -92.74M | -133.76M | -183.92M | -221.22M | -185.34M |
| Sale/Maturity of Investments | 0 | 0 | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
| Net Investment Activity | 0 | 0 | 0 | -146.45M | -94.27M | -91.74M | -132.76M | -182.92M | -220.22M | -183.34M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 145.45M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -34.09M | 29.6M | -93.98M | -34.85M | 28.07M | -24.5M | -6.74M | 69.91M | -4.37M | 5.49M |
| Dividends Paid | -22.7M | -28.93M | -30.52M | -33.92M | -30.86M | -38.85M | -47.05M | -76.06M | -60.95M | -85M |
| Share Repurchases | 0 | 0 | 0 | 0 | -57.5M | -94.37M | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 22.48M | 1.87M | 3.13M | 21.02M | 0 | 5.49M | 43.9M | 2M | 0 |
| Net Stock Activity | 0 | 22.48M | 1.87M | 3.13M | -36.48M | -94.37M | 5.49M | 43.9M | 2M | 0 |
| Debt Issuance (Net) | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | -3.59M | -1.26M | -4.43M | -56K | 0 | 0 | -385K | 0 | 0 | 84.76M |
| Net Change in Cash | -1.49M▲ 0% | -132K▲ 91.1% | -362K▼ 174.2% | 455K▲ 225.7% | -1.66M▼ 465.3% | 12.1M▲ 827.9% | -11.25M▼ 193.0% | -28K▲ 99.8% | 11.93M▲ 42721.4% | -168.09M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 1000K | 1 | 0 | 1000K | 0 | 0 | 0 |
| Cash at Beginning | 5.59M | 4.1M | 3.97M | 3.6M | 4.06M | 2.4M | 14.49M | 3.25M | 3.22M | 2.24M |
| Cash at End | 4.1M | 3.97M | 3.6M | 4.06M | 2.4M | 14.49M | 3.25M | 3.22M | 15.15M | -164.94M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 32.6M▲ 0% | -29.73M▼ 191.2% | 93.61M▲ 414.9% | 35.31M▼ 62.3% | 44.81M▲ 26.9% | 77.94M▲ 73.9% | -4.5M▼ 105.8% | 85.99M▲ 2009.1% | 113.92M▲ 32.5% | -81.82M▲ 0% |
| FCF Growth % | 698.7% | -191.19% | 414.88% | -62.28% | 26.9% | 73.95% | -105.78% | 2009.1% | 32.49% | -191.9% |
Gladstone Investment Corporation (GAIN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 15.43% | 18.52% | 21.43% | -1.86% | 11.3% | 24.71% | 8.03% | 18.3% | 13.17% | 21.89% |
| Return on Assets (ROA) | 8.79% | 10.78% | 13.1% | -1.19% | 6.96% | 14.78% | 4.72% | 10.01% | 6.72% | 10.54% |
| Net Interest Margin | 8.27% | 7.33% | 6.85% | 7.91% | 6.64% | 6.29% | 5.8% | 6.15% | 5.5% | 4.21% |
| Efficiency Ratio | 8.75% | 6.69% | 16.74% | 127.38% | 11.8% | -2.82% | -5.96% | -6.06% | -4.1% | 20.16% |
| Equity / Assets | 58.44% | 57.98% | 64.1% | 64.03% | 59.4% | 60.21% | 57.43% | 52.52% | 49.59% | 48.15% |
| Book Value / Share | 9.95 | 10.98 | 12.41 | 11.23 | 11.53 | 13.43 | 13.2 | 14.3 | 13.59 | 15.01 |
| NII Growth | 0.86% | 5.06% | -2.86% | 4.85% | -6.3% | 9% | -4.66% | 29.9% | -4% | -10% |
| Dividend Payout | 50.72% | 47.67% | 37.4% | - | - | 37.97% | 132.36% | 89.16% | 93.31% | 65.2% |
Gladstone Investment Corporation (GAIN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 23, 2026·SEC
Feb 18, 2026·SEC
Feb 11, 2026·SEC
Gladstone Investment Corporation (GAIN) stock FAQ — growth, dividends, profitability & financials explained
Gladstone Investment Corporation (GAIN) saw revenue decline by 12.9% over the past year.
Yes, Gladstone Investment Corporation (GAIN) is profitable, generating $130.4M in net income for fiscal year 2025 (72.7% net margin).
Yes, Gladstone Investment Corporation (GAIN) pays a dividend with a yield of 9.93%. This makes it attractive for income-focused investors.
Gladstone Investment Corporation (GAIN) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.
Gladstone Investment Corporation (GAIN) has a net interest margin (NIM) of 5.5%. This indicates healthy earnings from lending activities.
Gladstone Investment Corporation (GAIN) has an efficiency ratio of -4.1%. This is excellent, indicating strong cost control.
Gladstone Investment Corporation (GAIN) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates