Gladstone Investment Corporation (GAIN) Revenue History
Annual and quarterly revenue from 2006 to present
GAIN Revenue Over Time (2006–2026)
GAIN Revenue Growth History
8 of 17 years with positive growth- FY2006 revenue growth
- N/A
- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- -24.6%
- FY2009 revenue growth
- -180.8%
- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- +29.1%
- FY2013 revenue growth
- -21.8%
- FY2014 revenue growth
- -94.3%
- FY2015 revenue growth
- +4794.1%
- FY2016 revenue growth
- -38.8%
- FY2017 revenue growth
- +59.0%
- FY2018 revenue growth
- +31.0%
- FY2019 revenue growth
- +51.9%
- FY2020 revenue growth
- -88.6%
- FY2021 revenue growth
- +344.4%
- FY2022 revenue growth
- +111.1%
- FY2023 revenue growth
- -56.8%
- FY2024 revenue growth
- +112.6%
- FY2025 revenue growth
- -12.9%
- FY2026 revenue growth
- -20.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $25.4M | — |
| Q3 2026 | $25.1M | — |
| Q2 2026 | $36.1M | — |
| Q1 2026 | $25.7M | — |
| Q4 2025 | $25.7M | — |
| Q3 2025 | $42.1M | — |
| Q2 2025 | $21.9M | — |
| Q1 2025 | $186K | — |
Multi-year avg. share of annual revenue by fiscal quarter
GAIN Revenue Analysis (2006–2026)
Current Revenue & Growth
As of June 22, 2026, Gladstone Investment Corporation (GAIN) generated trailing twelve-month (TTM) revenue of $112.3 million, reflecting slight decline in growth of -1.5% year-over-year. The most recent quarter (Q4 2026) recorded $25.4 million in revenue, up 1.2% sequentially.
Historical Growth Trajectory
GAIN's 5-year compound annual growth rate (CAGR) stands at +6.1%, indicating steady revenue expansion. The 3-year CAGR of +13.8% exceeds the 5-year average, indicating an acceleration in the most recent period. Gladstone Investment Corporation's highest annual revenue of $112.2 million was recorded in 2022.
Peer Comparison
Compared to Financial Services sector peers — including HTGC, ARCC, and GBDC. Compare GAIN vs HTGC →
GAIN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GAINCurrent | $112M | -1.5% | +6.1% | 315.8% | |
 HTGC | $547M | - | - | 66.7% | |
 ARCC | $3.1B | - | - | 69.7% | |
 GBDC | $871M | - | - | 78.9% | |
 TPVG | $97M | - | - | 77.9% | |
 CSWC | $246M | - | - | 76.9% |
GAIN Historical Revenue Data (2006–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $71.5M | - | $13.9M | 19.4% | $225.8M | 315.8% |
| 2025 | $89.9M | - | $61.6M | 68.6% | $65.3M | 72.7% |
| 2024 | $103.2M | - | $79.0M | 76.6% | $85.3M | 82.7% |
| 2023 | $48.5M | - | $32.7M | 67.3% | $35.5M | 73.2% |
| 2022 | $112.2M | - | $99.1M | 88.3% | $102.3M | 91.2% |
| 2021 | $53.2M | - | $48.7M | 91.6% | $42.5M | 79.8% |
| 2020 | $12.0M | - | $8.0M | 66.9% | $-7,234,000 | -60.5% |
| 2019 | $105.4M | - | $99.2M | 94.2% | $81.6M | 77.4% |
| 2018 | $69.4M | - | $65.3M | 94.2% | $60.7M | 87.5% |
| 2017 | $52.9M | - | $49.4M | 93.3% | $44.8M | 84.6% |
| 2016 | $33.3M | - | $29.1M | 87.5% | $24.9M | 74.7% |
| 2015 | $54.4M | - | $50.9M | 93.5% | $50.2M | 92.3% |
| 2014 | $1.1M | - | $-963,000 | -86.6% | $-1,329,000 | -119.5% |
| 2013 | $19.6M | - | $18.5M | 94.3% | $17.3M | 88.1% |
| 2012 | $25.1M | - | $24.3M | 96.9% | $22.0M | 87.7% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
20+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
GAIN — Frequently Asked Questions
Quick answers to the most common questions about buying GAIN stock.
Is GAIN's revenue growth accelerating or slowing?
GAIN revenue growth is slowing. TTM revenue is $112M, up -1.5% year-over-year — below the 5-year CAGR of +6.1%. The deceleration suggests maturing end-markets or increased competition.
What is GAIN's revenue history from 2006 to 2026?
Gladstone Investment Corporation (GAIN) revenue history spans 2006 to 2026. TTM revenue as of 2026 is $112M, growing at -1.5% YoY. The 5-year CAGR is +6.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GAIN's long-term revenue growth rate (CAGR)?
Gladstone Investment Corporation's 5-year revenue CAGR of +6.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -1.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GAIN.
Why does GAIN's quarterly revenue fluctuate?
GAIN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Gladstone Investment Corporation's revenue data from 2006 to 2026 shows full historical quarterly detail on this page.
How is GAIN's revenue distributed by segment?
GAIN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GAIN's revenue compare to industry peers?
Gladstone Investment Corporation (GAIN) with TTM revenue of $112M and -1.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.