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Gladstone Investment Corporation(GAINI)Earnings, Financials & Key Ratios
GAINI•NASDAQ•Banking & Credit
$25.61
$1.02B mkt cap·14.4× P/E·Price updated May 6, 2026
AboutGladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund invests in companies with EBITDA from $4 million to $15 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.Show more
- Net Interest Income$0
- Total Revenue$118M+27.4%
- Net Income$85M+140.0%
- Return on Equity17.31%+127.1%
- Net Interest Margin0%
- Efficiency Ratio0%
- ROA9.09%+117.9%
- Equity / Assets52.52%
- Book Value per Share13.41-6.2%
- Tangible BV/Share13.41-6.2%
- Debt/Equity0.81
GAINI Key Insights
Gladstone Investment Corporation (GAINI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 96 (top 4%)
- ✓Well capitalized: 52.5% equity/assets
- ✓Good 3Y average ROE of 16.0%
- ✓Diversified revenue: 100.0% from non-interest income
- ✓Trading near 52-week high
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GAINI Price & Volume
Gladstone Investment Corporation (GAINI) stock price & volume — 10-year historical chart
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GAINI Growth Metrics
Gladstone Investment Corporation (GAINI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years11.83%
3 Years20.48%
TTM-
Profit CAGR
10 Years-
5 Years14.98%
3 Years26.19%
TTM71.71%
EPS CAGR
10 Years-
5 Years6.82%
3 Years-16.7%
TTM-24.48%
Return on Capital
10 Years8.87%
5 Years8.87%
3 Years11.34%
Last Year11.91%
GAINI Recent Earnings
Gladstone Investment Corporation (GAINI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/10 qtrs (50%)●Beat Revenue 3/10 qtrs (30%)
Q1 2026Latest
Feb 3, 2026EPS
$0.16
Est $0.23
-30.4%
Revenue
$25M
Est $26M
-2.9%
Q4 2025
Nov 4, 2025EPS
$0.75
Est $0.23
+224.8%
Revenue
$5M
Est $25M
-118.8%
Q3 2025
Aug 12, 2025EPS
$0.21
Est $0.22
-5.6%
Revenue
$24M
Est $24M
-3.0%
Q2 2025
May 13, 2025EPS
$0.49
Est $0.23
+107.4%
Revenue
$48M
Est $25M
+97.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 3, 2026 | $0.16vs $0.23-30.4% | $25Mvs $26M-2.9% |
| Q4 2025 | Nov 4, 2025 | $0.75vs $0.23+224.8% | $5Mvs $25M-118.8% |
| Q3 2025 | Aug 12, 2025 | $0.21vs $0.22-5.6% | $24Mvs $24M-3.0% |
| Q2 2025 | May 13, 2025 | $0.49vs $0.23+107.4% | $48Mvs $25M+97.3% |
Based on last 10 quarters of dataView full earnings history →
GAINI Peer Comparison
Gladstone Investment Corporation (GAINI) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GAIN | 665.43M | 16.71 | 9.39 | -12.88% | 21.89% | 0.91 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 CSWC | 1.44B | 24.19 | 16.46 | 7.67% | 10.32% | 1.08 | ||
 MRCC | 110.06M | 5.08 | 9.58 | -39.74% | -2.9% | 1.15 | ||
 PFLT | 913.8M | 9.21 | 12.79 | 2.2% | 3.23% | 1.65 | ||
 SLRC | 761.04M | 13.95 | 8.21 | 24.76% | 7.31% | 1.15 | ||
 HRZN | 218.97M | 4.58 | 4.36 | 17.91% | 8.95% | 1.49 | ||
 ARCC | 13.76B | 19.16 | 10.30 | 32.87% | 8.11% | 1.12 |
Compare GAINI vs Peers
Gladstone Investment Corporation (GAINI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GAINI Income Statement
Gladstone Investment Corporation (GAINI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Mar'21 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NII Growth % | - | - | - | - | - | - | 0% |
| Net Interest Margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 19.56M | 6.8M | 19.56M | 35.78M | 21.68M | 34.74M | 42.46M |
| Non-Interest Income | 67.22M | 106.73M | 67.22M | 85M | 92.3M | 117.56M | 94.55M |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Total Revenue | 67.22M▲ 0% | 106.73M▲ 58.8% | 67.22M▼ 37.0% | 85M▲ 26.4% | 92.3M▲ 8.6% | 117.56M▲ 27.4% | 94.55M▲ 0% |
| Revenue Growth % | - | - | -37.02% | 26.45% | 8.59% | 27.38% | 364.58% |
| Non-Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Efficiency Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Operating Income | 57.32M▲ 0% | 16.84M▼ 70.6% | 57.32M▲ 240.5% | 119.5M▲ 108.5% | 53.23M▼ 55.5% | 111.73M▲ 109.9% | 160.55M▲ 0% |
| Operating Margin % | 85.27% | 15.77% | 85.27% | 140.6% | 57.67% | 95.04% | 169.8% |
| Operating Income Growth % | - | - | 240.47% | 108.49% | -55.46% | 109.92% | - |
| Pretax Income | 42.45M▲ 0% | 3.03M▼ 92.9% | 42.45M▲ 1303.0% | 102.32M▲ 141.0% | 35.55M▼ 65.3% | 85.31M▲ 140.0% | 120.25M▲ 0% |
| Pretax Margin % | 63.16% | 2.84% | 63.16% | 120.38% | 38.51% | 72.56% | 127.18% |
| Income Tax | 0 | 10.26M | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 339.06% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 42.45M▲ 0% | -7.23M▼ 117.0% | 42.45M▲ 686.9% | 102.32M▲ 141.0% | 35.55M▼ 65.3% | 85.31M▲ 140.0% | 120.25M▲ 0% |
| Net Margin % | 63.16% | -6.78% | 63.16% | 120.38% | 38.51% | 72.56% | 127.18% |
| Net Income Growth % | - | - | 686.87% | 141% | -65.26% | 139.98% | 71.71% |
| Net Income (Continuing) | 42.45M | -7.23M | 42.45M | 102.32M | 35.55M | 85.31M | 120.25M |
| EPS (Diluted) | 1.28▲ 0% | 1.28▲ 0.0% | 3.08▲ 140.6% | 1.07▼ 65.3% | 2.48▲ 131.8% | 1.78▼ 28.2% | 3.03▲ 0% |
| EPS Growth % | - | - | 140.63% | -65.26% | 131.78% | -28.23% | -24.48% |
| EPS (Basic) | 1.28 | 1.28 | 3.08 | 1.07 | 2.48 | 1.78 | - |
| Diluted Shares Outstanding | 33.18M | 33.18M | 33.21M | 33.31M | 34.47M | 36.74M | 39.68M |
GAINI Balance Sheet
Gladstone Investment Corporation (GAINI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'21 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.4M | 2.4M | 14.49M | 3.25M | 3.22M | 3.22M | 106.87M |
| Cash & Due from Banks | 2.4M | 2.4M | 14.49M | 3.25M | 3.22M | 3.22M | 1.35M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments Growth % | - | - | - | - | - | - | 0% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 4.84M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 6.19M |
| Total Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 643.73M▲ 0% | 643.73M▲ 0.0% | 740.41M▲ 15.0% | 765.64M▲ 3.4% | 938.08M▲ 22.5% | 938.08M▲ 0.0% | 1.24B▲ 0% |
| Asset Growth % | - | - | 15.02% | 3.41% | 22.52% | 0% | 67.98% |
| Return on Assets (ROA) | 6.59% | -1.12% | 6.13% | 13.59% | 4.17% | 9.09% | 9.72% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 243.59M | 243.59M | 261.35M | 292.61M | 398.35M | 398.35M | 442.88M |
| Net Debt | 241.19M | 241.19M | 246.85M | 289.36M | 395.13M | 395.13M | 441.53M |
| Long-Term Debt | 243.59M | 243.59M | 261.35M | 292.61M | 398.35M | 398.35M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 442.88M |
| Other Liabilities | -243.59M | -243.59M | -261.35M | -292.61M | -398.35M | -398.35M | 198.33M |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 442.88M |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 198.33M |
| Total Liabilities | 261.37M | 261.37M | 294.58M | 325.9M | 445.37M | 445.37M | 641.21M |
| Total Equity | 382.36M▲ 0% | 382.36M▲ 0.0% | 445.83M▲ 16.6% | 439.74M▼ 1.4% | 492.71M▲ 12.0% | 492.71M▲ 0.0% | 595.41M▲ 0% |
| Equity Growth % | - | - | 16.6% | -1.37% | 12.05% | 0% | 41.35% |
| Equity / Assets (Capital Ratio) | 59.4% | 59.4% | 60.21% | 57.43% | 52.52% | 52.52% | 48.15% |
| Return on Equity (ROE) | 11.1% | -1.89% | 10.25% | 23.11% | 7.62% | 17.31% | 20.2% |
| Book Value per Share | 11.53 | 11.53 | 13.43 | 13.20 | 14.30 | 13.41 | 15.01 |
| Tangible BV per Share | 11.53 | 11.53 | 13.43 | 13.20 | 14.30 | 13.41 | 15.01 |
| Common Stock | 33K | 33K | 33K | 34K | 37K | 37K | 40K |
| Additional Paid-in Capital | 400.8M | 400.8M | 397.95M | 401.8M | 444.71M | 444.71M | 0 |
| Retained Earnings | 11.27M | 11.27M | 2.7M | 4.97M | -18.25M | -18.25M | 0 |
| Accumulated OCI | -29.73M | -29.73M | 45.15M | 32.94M | 66.21M | 66.21M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
GAINI Cash Flow Statement
Gladstone Investment Corporation (GAINI) cash flow — operating, investing & free cash flow history
| Line item | Mar'21 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 44.81M | 44.81M | 77.94M | 76.95M | 85.99M | 85.99M | 85.99M |
| Operating CF Growth % | - | - | 73.95% | -1.27% | 11.74% | 0% | -1105.01% |
| Net Income | 42.45M | 42.45M | 102.32M | 35.55M | 85.31M | 85.31M | 120.25M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | -123.64M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 8.35M | 8.35M | -34.73M | 39.14M | -8.99M | -8.99M | 22.16M |
| Working Capital Changes | -6M | -6M | 10.35M | 2.27M | 9.68M | 9.68M | 488K |
| Cash from Investing | -74.54M | -74.54M | -41.34M | -81.46M | -155.92M | -155.92M | -91.76M |
| Purchase of Investments | -95.27M | -95.27M | -92.74M | -133.76M | -183.92M | -183.92M | -185.34M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
| Net Investment Activity | -94.27M | -94.27M | -91.74M | -132.76M | -182.92M | -182.92M | -183.34M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 28.07M | 28.07M | -24.5M | -6.74M | 69.91M | 69.91M | 5.49M |
| Dividends Paid | -30.86M | -30.86M | -38.85M | -47.05M | -76.06M | -76.06M | -85M |
| Share Repurchases | -57.5M | -57.5M | -94.37M | 0 | 0 | 0 | 0 |
| Stock Issued | 21.02M | 21.02M | 0 | 5.42M | 43.9M | 43.9M | 41.64M |
| Net Stock Activity | -36.48M | -36.48M | -94.37M | 5.42M | 43.9M | 43.9M | 41.64M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 46.32M |
| Net Change in Cash | -1.66M▲ 0% | -1.66M▲ 0.0% | 12.1M▲ 827.9% | -11.25M▼ 193.0% | -28K▲ 99.8% | -28K▲ 0.0% | -251K▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 4.06M | 4.06M | 2.4M | 14.49M | 3.25M | 3.25M | 2.24M |
| Cash at End | 2.4M | 2.4M | 14.49M | 3.25M | 3.22M | 3.22M | 2.9M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 44.81M▲ 0% | 44.81M▲ 0.0% | 77.94M▲ 73.9% | 76.95M▼ 1.3% | 85.99M▲ 11.7% | 85.99M▲ 0.0% | -81.82M▲ 0% |
| FCF Growth % | - | - | 73.95% | -1.27% | 11.74% | 0% | -197.95% |
GAINI Banking Ratios
Gladstone Investment Corporation (GAINI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -1.89% | 10.25% | 23.11% | 7.62% | 17.31% | 20.2% |
| Return on Assets (ROA) | -1.12% | 6.13% | 13.59% | 4.17% | 9.09% | 9.72% |
| Net Interest Margin | 0% | 0% | 0% | 0% | 0% | 0% |
| Efficiency Ratio | 0% | 0% | 0% | 0% | 0% | 0% |
| Equity / Assets | 59.4% | 60.21% | 57.43% | 52.52% | 52.52% | 48.15% |
| Book Value / Share | 11.53 | 13.43 | 13.2 | 14.3 | 13.41 | 15.01 |
| Dividend Payout | - | 91.51% | 45.98% | 213.97% | - | 7.35% |
GAINI SEC Filings & Documents
Gladstone Investment Corporation (GAINI) SEC filings — annual & quarterly reports (10-K, 10-Q)
GAINI Frequently Asked Questions
Gladstone Investment Corporation (GAINI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Gladstone Investment Corporation (GAINI) grew revenue by 27.4% over the past year. This is strong growth.
Yes, Gladstone Investment Corporation (GAINI) is profitable, generating $120.3M in net income for fiscal year 2025 (72.6% net margin).
Dividend & Returns
Yes, Gladstone Investment Corporation (GAINI) pays a dividend with a yield of 8.08%. This makes it attractive for income-focused investors.
Gladstone Investment Corporation (GAINI) has a return on equity (ROE) of 17.3%. This is reasonable for most industries.
Industry Metrics
Gladstone Investment Corporation (GAINI) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.
Gladstone Investment Corporation (GAINI) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.
Explore More GAINI
Gladstone Investment Corporation (GAINI) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
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Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates