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GLADGladstone Capital Corporation
$19.22$434M
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GLAD logo

Gladstone Capital Corporation

GLAD
NASDAQ · Asset Management
$19.22
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$434M
P/E7.5x
52W High$23.25
Volume159.63K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Earnings Volatility Challenges Gladstone Capital Dividend Sustainability

Gladstone Capital faces a challenging outlook characterized by extreme earnings volatility, with net income swinging from $31.9 million in 2024Q4 to $16.0 million in 2026Q2. The firm's reliance on fair value adjustments for its Level 3 portfolio creates signif...

GrowthMixed
ProfitabilityModerate
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

GLAD price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-24% Peers

P/E is 24% below peer median

03

Market leadership

RS 50 · Avg

Average momentum (RS Rating: 50)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 16

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
GLAD+0.29%
S&P 500 (^GSPC)+12.39%
1-Year Return
GLAD-6.99%
S&P 500 (^GSPC)+15.77%
3-Year Return
GLAD+27.19%
S&P 500 (^GSPC)+76.93%
5-Year Return
GLAD+27.54%
S&P 500 (^GSPC)+72.61%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
7.5x
Forward P/E
9.6x
EV/EBITDA0th %ile
6.5x
FCF YieldCash Flow
10.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
7.5x
8.4x
40th· Fair
EV/EBITDA
6.5x
8.8x
0th· Low
Price/FCF
10.0x
161.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$125M+26.6% YoY
Net income
$58M-38.7% YoY
Free cash flow
$44M+1246.5% YoY
Operating margin
55.5%-23.2 pts YoY
ROIC (TTM)7.2%
Avg ROIC 5Y-
ROE (TTM)12.1%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$0.49+2.9%
vs $0.48
$24M-1.6%
vs $25M
Q2 2026
May 6, 2026
$0.52+6.1%
vs $0.49
$26M+3.2%
vs $25M
Q1 2026
Feb 4, 2026
$0.50+4.2%
vs $0.48
$25M+0.6%
vs $24M
Q4 2025
Nov 17, 2025
$0.52+3.2%
vs $0.50
$20M-10.1%
vs $23M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·3d ago
Brokerages Set Gladstone Capital Corporation (NASDAQ:GLAD) PT at $21.67

Gladstone Capital Corporation (NASDAQ: GLAD - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among

24/7 Wall Street·Sep 16, 2026
Want $7,000 In Passive Income? Invest $25,000 In Each of These 3 Dividend Stocks

Real estate has long been the default answer for investors chasing monthly cash flow, but landlords learn quickly that rental income comes bundled with plumbing calls, vacancies, and a title that can take months to sell.

Seeking Alpha·Sep 13, 2026
Dividend Announcements: August 29 - September 4, 2026

In this article series, I summarize dividend announcements of the past week. This week, 5 stocks announced dividend increases, one announced a cut, and one announced a special. BRC and PECO are the only Investment Grade stocks among this week's dividend announcers, both trading near fair value with robust safety profiles. CPB's 35.90% dividend cut signals severe safety deterioration, while VICI and LAMR present high yields but carry notable safety and growth concerns.

247 Wallst·Sep 12, 2026
The Tax Math That Makes These Dividend Stocks Worth Much More Inside a Roth

Ordinary dividends from BDCs, net-lease REITs, and foreign shippers carry a tax cost that hits every single distribution cycle without relief, and where you hold these positions determines whether that cost is permanent or entirely avoidable.

Filtered for Gladstone Capital CorporationMore Headlines
04

Compare before deciding

Benchmark GLAD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Gladstone Capital Corporation (GLAD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GLAD logoGLADGladstone Capital CorporationCurrent
$19.22$434.24M7.5426.62%40.14%12.1%12.74%
ARCC logoARCCAres Capital Corporation
$19.15$13.75B10.30-11.83%45.18%6.78%—
FSCO logoFSCOFS Credit Opportunities Corp.
$5.27$1.07B6.93-18.64%———
GBDC logoGBDCGolub Capital BDC, Inc.
$12.45$3.24B8.7744.68%20.51%3.82%—
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.92$199.75M4.0355.25%45.97%10.97%—
CSWC logoCSWCCapital Southwest Corporation
$23.15$1.44B12.1864.73%48.19%11.04%—

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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

GLAD SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jun 5, 2026·SEC

Material company update

Jun 2, 2026·SEC

10-K Annual Reports

2
FY 2025

Nov 17, 2025·SEC

FY 2024

Nov 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2026

Feb 4, 2026·SEC

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GLAD Frequently Asked Questions

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

Growth & Financials
How fast is Gladstone Capital Corporation growing?

Gladstone Capital Corporation (GLAD) grew revenue by 26.6% over the past year. This is strong growth.

Is GLAD profitable?

Yes, Gladstone Capital Corporation (GLAD) is profitable, generating $50.3M in net income for fiscal year 2025 (40.1% net margin).

Dividend & Returns
Does GLAD pay dividends?

Yes, Gladstone Capital Corporation (GLAD) pays a dividend with a yield of 12.74%. This makes it attractive for income-focused investors.

What is GLAD's return on equity?

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

Industry Metrics
What is Gladstone Capital Corporation's net interest margin?

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

What is Gladstone Capital Corporation's efficiency ratio?

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

See returns →