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GLADGladstone Capital Corporation
$18.69$422M
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GLAD logoGladstone Capital Corporation(GLAD)Earnings, Financials & Key Ratios

GLAD•NASDAQ•Banking & Credit
7.3× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryPrivate credit and BDC lenders
AboutGladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. It operates as a business development company. The fund also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts. It targets small and medium-sized companies in United States. It is industry agnostic and seeks to invest in companies engaged in the business services, light and specialty manufacturing, niche industrial products and services, specialty consumer products and services, energy services, transportation and logistics, healthcare and education services, specialty chemicals, media and communications and aerospace and defense. The fund seeks to invest between $7 million and $30 million in companies that have between $20 million and $150 million in sales and EBITDA between $3 million and $25 million. It prefers to acquire minority stakes. It seeks to exit its investments through strategic acquisitions by other industry participants or financial buyers, initial public offerings of common stock, or other capital market transactions.Show more
  • Net Interest Income$67M-6.0%
  • Total Revenue$145M+20.4%
  • Net Income$58M-38.7%
  • Return on Equity12.1%-43.3%
  • Net Interest Margin7.41%-15.8%
  • Efficiency Ratio31.74%+897.0%
  • ROA6.76%-45.4%
  • Equity / Assets53.11%-9.9%
  • Book Value per Share21.27-3.2%

GLAD Key Insights

Gladstone Capital Corporation (GLAD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong NIM of 7.4%
  • ✓Efficient operations: 31.7% efficiency ratio
  • ✓Well capitalized: 53.1% equity/assets
  • ✓Good 3Y average ROE of 15.1%
  • ✓Diversified revenue: 39.7% from non-interest income
  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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GLAD Price & Volume

Gladstone Capital Corporation (GLAD) stock price & volume — 10-year historical chart

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GLAD Growth Metrics

Gladstone Capital Corporation (GLAD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years23.27%
5 Years77.99%
3 Years63.66%
TTM-

Profit CAGR

10 Years21.22%
5 Years-
3 Years42.9%
TTM-49.61%

EPS CAGR

10 Years12.15%
5 Years-
3 Years30.03%
TTM-71.9%

Return on Capital

10 Years7.64%
5 Years10.66%
3 Years9.81%
Last Year9.39%

GLAD Recent Earnings

Gladstone Capital Corporation (GLAD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.52+6.1%
$0.49
Rev
$26M+3.2%
$25M
Q1 2026
Feb 4, 2026
Metric
Actual
Est
EPS
$0.50+4.2%
$0.48
Rev
$25M+0.6%
$24M
Q4 2025
Nov 17, 2025
Metric
Actual
Est
EPS
$0.52+3.2%
$0.50
Rev
$20M-10.1%
$23M
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$0.50+0.0%
$0.50
Rev
$18M-20.7%
$23M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.52vs $0.49+6.1%
$26Mvs $25M+3.2%
Q1 2026Feb 4, 2026
$0.50vs $0.48+4.2%
$25Mvs $24M+0.6%
Q4 2025Nov 17, 2025
$0.52vs $0.50+3.2%
$20Mvs $23M-10.1%
Q3 2025Aug 4, 2025
$0.50vs $0.50+0.0%
$18Mvs $23M-20.7%
Based on last 12 quarters of dataView full earnings history →

GLAD Peer Comparison

Gladstone Capital Corporation (GLAD) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ARCC logoARCCAres Capital CorporationDirect Competitor12.95B18.039.6932.87%43.69%8.11%1.12
FSCO logoFSCOFS Credit Opportunities Corp.Direct Competitor997.19M4.936.49-18.64%10.48%0.20
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.22B12.358.7042.5%26.91%5.24%1.23
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor202.99M5.004.1036.55%-19.55%-3.39%1.33
CSWC logoCSWCCapital Southwest CorporationDirect Competitor1.43B22.9812.0950.13%50.89%11.68%1.12
SLRC logoSLRCSLR Investment Corp.Direct Competitor677.57M12.427.3124.76%39.78%7.31%1.15
PFLT logoPFLTPennantPark Floating Rate Capital Ltd.Direct Competitor742.15M7.4810.392.2%34.83%5.84%1.65
MAIN logoMAINMain Street Capital CorporationProduct Competitor4.74B50.979.23-11.06%58.59%14.32%0.82

Compare GLAD vs Peers

Gladstone Capital Corporation (GLAD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for GLAD.

Scale Benchmark

vs BX

Larger-name benchmark to compare GLAD against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARCC, FSCO, GBDC, TPVG

GLAD Income Statement

Gladstone Capital Corporation (GLAD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Net Interest Income
34M38.1M37.73M36.03M38.45M41.02M62.18M71.58M67.3M71.85M
NII Growth %
5.2%12.06%-0.97%-4.51%6.71%6.7%51.58%15.11%-5.99%20.79%
Net Interest Margin %
9.29%9.54%8.86%7.85%6.79%6.21%8.64%8.81%7.41%7.77%
Interest Income
37.07M43.96M45.77M46.02M49.96M53.99M83.03M93.29M87.28M94.51M
Interest Expense
3.07M5.86M8.04M9.99M11.51M12.97M20.85M21.71M19.99M22.66M
Loan Loss Provision
00000000-1.55M154K
Non-Interest Income
-12.65M-15.2M-13.45M-37.92M47.59M-20.96M-17.2M26.97M57.48M-23.99M
Non-Interest Income %
-51.81%-52.84%-41.62%-467.88%48.79%-63.47%-26.13%22.43%39.71%-34.02%
Total Revenue
24.42M▲ 0%
28.76M▲ 17.8%
32.32M▲ 12.4%
8.1M▼ 74.9%
97.55M▲ 1103.7%
33.03M▼ 66.1%
65.83M▲ 99.3%
120.26M▲ 82.7%
144.76M▲ 20.4%
70.52M▲ 0%
Revenue Growth %
17.44%17.77%12.37%-74.92%1103.74%-66.14%99.32%82.69%20.37%-71.72%
Non-Interest Expense
4.17M4.25M4.41M-14K1.74M147K2.31M3.83M45.94M-2.75M
Efficiency Ratio
17.06%14.79%13.65%-0.17%1.78%0.45%3.52%3.18%31.74%-3.9%
Operating Income
17.18M▲ 0%
18.65M▲ 8.5%
19.87M▲ 6.5%
-1.87M▼ 109.4%
84.3M▲ 4600.7%
19.91M▼ 76.4%
42.67M▲ 114.3%
94.72M▲ 122.0%
80.39M▼ 15.1%
50.46M▲ 0%
Operating Margin %
70.35%64.84%61.48%-23.11%86.42%60.3%64.82%78.76%55.53%71.55%
Operating Income Growth %
51.14%8.54%6.55%-109.43%4600.75%-76.38%114.26%122%-15.13%-
Pretax Income
17.18M▲ 0%
18.65M▲ 8.5%
19.87M▲ 6.5%
-1.87M▼ 109.4%
84.3M▲ 4600.7%
19.91M▼ 76.4%
42.67M▲ 114.3%
94.72M▲ 122.0%
58.11M▼ 38.7%
43.95M▲ 0%
Pretax Margin %
70.35%64.84%61.48%-23.11%86.42%60.3%64.82%78.76%40.14%62.31%
Income Tax
0000000000
Effective Tax Rate %
0%0%0%0%0%0%0%0%0%0%
Net Income
17.18M▲ 0%
18.65M▲ 8.5%
19.87M▲ 6.5%
-1.87M▼ 109.4%
84.3M▲ 4600.7%
19.91M▼ 76.4%
42.67M▲ 114.3%
94.72M▲ 122.0%
58.11M▼ 38.7%
43.95M▲ 0%
Net Margin %
70.35%64.84%61.48%-23.11%86.42%60.3%64.82%78.76%40.14%62.31%
Net Income Growth %
51.14%8.54%6.55%-109.43%4600.75%-76.38%114.26%122%-38.65%-49.61%
Net Income (Continuing)
17.18M18.65M19.87M-1.87M84.3M19.91M42.67M94.72M58.11M43.95M
EPS (Diluted)
1.35▲ 0%
1.38▲ 2.2%
1.36▼ 1.4%
-0.12▼ 108.8%
5.07▲ 4325.0%
1.16▼ 77.1%
2.29▲ 97.4%
4.34▲ 89.5%
2.55▼ 41.2%
1.55▲ 0%
EPS Growth %
37.76%2.22%-1.45%-108.82%4325%-77.12%97.41%89.52%-41.24%-71.9%
EPS (Basic)
1.351.381.36-0.125.071.162.294.342.56-
Diluted Shares Outstanding
12.75M13.55M14.63M15.52M16.62M17.18M18.66M21.78M22.66M28.36M

GLAD Balance Sheet

Gladstone Capital Corporation (GLAD) balance sheet — assets, liabilities & shareholders' equity

MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash & Short Term Investments
5.01M1.97M15.71M2.42M671K2.01M1.31M2.17M32.37M51.92M
Cash & Due from Banks
5.01M1.97M15.71M2.42M671K2.01M1.31M2.17M32.37M216K
Short Term Investments
0000000000
Total Investments
352.37M390.05M402.88M450.4M557.61M649.62M704.82M0859.12M0
Investments Growth %
9.39%10.69%3.29%11.8%23.8%16.5%8.5%-100%-0%
Long-Term Investments
352.37M390.05M402.88M450.4M557.61M649.62M704.82M0859.12M112.26M
Accounts Receivables
1.7M2.6M2.63M3M2.36M2.74M6.1M8.72M10.49M5.65M
Goodwill & Intangibles
0000000000
Goodwill
0000000000
Intangible Assets
0000000000
PP&E (Net)
0000000000
Other Assets
3.69M2.08M2.04M1.25M2.9M3.41M4.34M801.57M5.61M0
Total Current Assets
9.8M7.38M21.16M7.52M5.98M7.95M10.34M10.9M42.86M5.87M
Total Non-Current Assets
356.06M392.13M404.91M451.65M560.52M653.02M709.16M801.57M864.73M0
Total Assets
365.86M▲ 0%
399.51M▲ 9.2%
426.07M▲ 6.6%
459.18M▲ 7.8%
566.5M▲ 23.4%
660.97M▲ 16.7%
719.5M▲ 8.9%
812.47M▲ 12.9%
907.6M▲ 11.7%
925.07M▲ 0%
Asset Growth %
9.04%9.2%6.65%7.77%23.37%16.68%8.86%12.92%11.71%44.6%
Return on Assets (ROA)
4.9%4.87%4.81%-0.42%16.44%3.24%6.18%12.37%6.76%4.97%
Accounts Payable
786K620K1.42M1.56M2.29M3.02M3.96M4.15M4.33M0
Total Debt
186.23M220M122.82M221.53M237.11M339.41M300.91M324.61M397.86M193.12M
Net Debt
181.22M218.03M107.11M219.12M236.44M337.4M299.61M322.44M365.49M192.9M
Long-Term Debt
93.11M110M55.75M93.89M186.61M197.61M253.11M324.61M397.86M0
Short-Term Debt
93.11M110M67.07M127.65M50.5M141.8M47.8M00193.12M
Other Liabilities
-40.81M-58.2M52.5M2.34M8.66M3.06M5.93M4.97M23.38M213.87M
Total Current Liabilities
93.9M110.62M68.48M129.21M52.79M144.82M51.76M4.15M4.33M193.12M
Total Non-Current Liabilities
52.31M51.8M108.25M96.23M195.27M200.66M259.04M329.58M421.23M213.87M
Total Liabilities
146.21M162.42M176.74M225.43M248.06M345.48M310.8M333.73M425.56M406.99M
Total Equity
219.65M▲ 0%
237.09M▲ 7.9%
249.33M▲ 5.2%
233.74M▼ 6.3%
318.44M▲ 36.2%
315.49M▼ 0.9%
408.69M▲ 29.5%
478.74M▲ 17.1%
482.04M▲ 0.7%
518.08M▲ 0%
Equity Growth %
9.17%7.94%5.16%-6.25%36.23%-0.93%29.54%17.14%0.69%13.76%
Equity / Assets (Capital Ratio)
60.04%59.35%58.52%50.9%56.21%47.73%56.8%58.92%53.11%56%
Return on Equity (ROE)
8.16%8.17%8.17%-0.78%30.53%6.28%11.78%21.35%12.1%8.94%
Book Value per Share
17.2317.4917.0415.0619.1618.3721.9021.9821.2718.26
Tangible BV per Share
17.2317.4917.0415.0619.1618.3721.9021.9821.2718.26
Common Stock
26K29K30K32K34K35K44K44K45K45K
Additional Paid-in Capital
348.25M343.08M358.11M367.13M392.49M395.54M481.48M492.31M501.63M0
Retained Earnings
-139K-219K136K-39K149K-500K4.74M6.14M5.2M0
Accumulated OCI
-59.18M-37.42M-25.74M-43.9M11.1M-6.44M-17.45M0-17.49M0
Treasury Stock
0000000000
Preferred Stock
00000007.85M19.39M35.47M

GLAD Cash Flow Statement

Gladstone Capital Corporation (GLAD) cash flow — operating, investing & free cash flow history

MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash from Operations
-12.88M-17.8M9.26M-46.09M-14.06M-76.4M-10.86M3.24M43.63M-53.56M
Operating CF Growth %
-121.46%-38.19%152.01%-598.01%69.49%-443.32%85.79%129.83%1246.48%-1778.59%
Net Income
17.18M18.65M19.87M-1.87M84.3M19.91M42.67M94.51M58.11M43.95M
Depreciation & Amortization
-357K0-11.49M0-54.47M17.09M0000
Deferred Taxes
0000000000
Other Non-Cash Items
-28.5M-38.2M-1.18M-46.63M-48M-108.76M-55.2M-91.44M-12.38M-104.26M
Working Capital Changes
-1.2M1.75M2.05M2.42M4.11M-4.64M1.67M179K-2.11M7.07M
Cash from Investing
-103.85M0-134.39M0-165.99M-259.05M00-49.12M-39.91M
Purchase of Investments
-112.09M0-147.07M0-181.84M-274.9M00-401.71M-351.35M
Sale/Maturity of Investments
8.24M012.68M015.85M15.85M00352.59M204.56M
Net Investment Activity
-103.85M0-134.39M0-165.99M-259.05M00-49.12M-146.79M
Acquisitions
0000000000
Other Investing
000000000106.88M
Cash from Financing
11.74M14.53M4.49M32.81M12.44M77.66M10.15M-2.34M35.55M94.07M
Dividends Paid
-21.43M-22.8M-24.58M-25.16M-25.97M-27.32M-35.41M-43.14M-55.48M-44.77M
Share Repurchases
000000000-541K
Stock Issued
23.7M21.99M17.25M11.66M26.85M4.53M87.39M11M20.98M26.52M
Net Stock Activity
23.7M21.99M17.25M11.66M26.85M4.53M87.39M11M20.98M25.98M
Debt Issuance (Net)
1000K1000K1000K1000K1000K1000K-1000K1000K1000K1.36M
Other Financing
-2.97M-23.65M-2.58M-1.85M-3.44M-2.04M-4.83M-840K0-4.84M
Net Change in Cash
-1.14M▲ 0%
-3.27M▼ 186.5%
13.74M▲ 520.8%
-13.28M▼ 196.6%
-1.62M▲ 87.8%
1.26M▲ 177.7%
-706K▼ 156.0%
903K▲ 227.9%
30.07M▲ 3229.6%
596K▲ 0%
Exchange Rate Effect
103.85M0134.39M0165.99M259.05M0000
Cash at Beginning
6.15M5.27M2M15.75M2.47M846K2.11M1.4M2.3M4.17M
Cash at End
5.01M2M15.75M2.47M846K2.11M1.4M2.3M32.37M3.39M
Interest Paid
05.79M09.65M0020.41M000
Income Taxes Paid
0000000000
Free Cash Flow
-12.88M▲ 0%
-17.8M▼ 38.2%
9.26M▲ 152.0%
-46.09M▼ 598.0%
-14.06M▲ 69.5%
-76.4M▼ 443.3%
-10.86M▲ 85.8%
3.24M▲ 129.8%
43.63M▲ 1246.5%
-53.56M▲ 0%
FCF Growth %
-121.46%-38.19%152.01%-598.01%69.49%-443.32%85.79%129.83%1246.48%-144.91%

GLAD Banking Ratios

Gladstone Capital Corporation (GLAD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
8.16%8.17%8.17%-0.78%30.53%6.28%11.78%21.35%12.1%8.94%
Return on Assets (ROA)
4.9%4.87%4.81%-0.42%16.44%3.24%6.18%12.37%6.76%4.97%
Net Interest Margin
9.29%9.54%8.86%7.85%6.79%6.21%8.64%8.81%7.41%7.77%
Efficiency Ratio
17.06%14.79%13.65%-0.17%1.78%0.45%3.52%3.18%31.74%-3.9%
Equity / Assets
60.04%59.35%58.52%50.9%56.21%47.73%56.8%58.92%53.11%56%
Book Value / Share
17.2317.4917.0415.0619.1618.3721.921.9821.2718.26
NII Growth
5.2%12.06%-0.97%-4.51%6.71%6.7%51.58%15.11%-5.99%4.84%
Dividend Payout
124.76%122.27%123.71%-30.81%137.2%82.98%45.55%95.47%78.75%
Related:GLAD Dividend History·GLAD Revenue History·GLAD Price History·GLAD P/E History·GLAD Financial Ratios·GLAD Institutional Holders

GLAD SEC Filings & Documents

Gladstone Capital Corporation (GLAD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Mar 23, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

3
FY 2025

Nov 17, 2025·SEC

FY 2024

Nov 13, 2024·SEC

FY 2023

Nov 13, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2026

Feb 4, 2026·SEC

FY 2025

Aug 4, 2025·SEC

GLAD Frequently Asked Questions

Gladstone Capital Corporation (GLAD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Gladstone Capital Corporation (GLAD) grew revenue by 20.4% over the past year. This is strong growth.

Yes, Gladstone Capital Corporation (GLAD) is profitable, generating $43.9M in net income for fiscal year 2025 (40.1% net margin).

Dividend & Returns

Yes, Gladstone Capital Corporation (GLAD) pays a dividend with a yield of 13.10%. This makes it attractive for income-focused investors.

Gladstone Capital Corporation (GLAD) has a return on equity (ROE) of 12.1%. This is reasonable for most industries.

Industry Metrics

Gladstone Capital Corporation (GLAD) has a net interest margin (NIM) of 7.4%. This indicates healthy earnings from lending activities.

Gladstone Capital Corporation (GLAD) has an efficiency ratio of 31.7%. This is excellent, indicating strong cost control.

What if you invested $1,000 in GLAD back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

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How much would $100/month in GLAD be worth today?

Dollar cost averaging calculator · DCA vs lump sum

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