GAINI

MKT CAP:$934M

Gladstone Investment Corporation

Market Cap

$934M

Financial Services·Asset Management·🇺🇸 United States·NASDAQ

Financials·Asset Management·🇺🇸·NASDAQ

Stock Price

$25.21-$0.52 (-2.02%)

Apr 17, 2026

Company Details

Gladstone 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 sen...

CEO

David John Gladstone

IPO Date

Dec 18, 2024

Website

www.gladstoneinvestment.com

Key Metrics TTM

Revenue

$89M

-45.5% YoY

Net Income

$93M

EPS (Diluted)

$2.50

Free Cash Flow

$64M

Revenue / Share

$2.31

Gross Margin

61.3%

Operating Margin

146.3%

Net Margin

104.7%

FCF Margin

71.7%

P/S

10.5x

P/E

10.1x

Earnings Reports

Q3 2026

May 13, 2026

PENDING

Q2 2026

Nov 4, 2025

-$5M-107.2%EPS $0.75

Q1 2026

Aug 12, 2025

$24M+6.1%EPS $0.21

FY 2025

May 13, 2025

$118MEPS $1.78

Q4 2025

May 13, 2025

$48M+438.1%EPS $0.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 24	$67M	$62M	$14M
Q4 24	$9M	-$1M	$30M
Q1 25	$22M	$21M	$585.0K
Q2 25	$65M	$58M	$23M
Q3 25	$21M	$10M	$46M
Q4 25	$48M	$39M	$28M
Q1 26	$24M	$20M	$17M
Q2 26	-$5M	-$14M	$39M

Valuation

Quarter	P/S	P/E
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	5.6x	24.0x
Q3 25	7.8x	13.1x
Q4 25	5.9x	14.1x
Q1 26	5.8x	11.5x
Q2 26	10.7x	10.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 24	$62M	$62M
Q4 24	$6M	$6M
Q1 25	$10M	$10M
Q2 25	$58M	$58M
Q3 25	$10M	$10M
Q4 25	$37M	$37M
Q1 26	$8M	$8M
Q2 26	$9M	$9M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 25	-67.9%	-145.8%
Q4 25	+438.1%	+199.8%
Q1 26	+6.1%	-70.5%
Q2 26	-107.2%	-203.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%
Q2 26	$0	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 24	$4M	$0	$4M
Q4 24	$3M	$0	$3M
Q1 25	$3M	$0	$3M
Q2 25	$3M	$0	$3M
Q3 25	$3M	$0	$3M
Q4 25	$15M	$85M	$100M
Q1 26	$5M	$0	$5M
Q2 26	$210.0K	$0	$210.0K
Q3 26	$1M	$0	$1M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 24	34M	—	—
Q4 24	36M	+5.1%	—
Q1 25	37M	+1.6%	—
Q2 25	37M	0.0%	—
Q3 25	37M	+0.1%	+6.9%
Q4 25	37M	+0.3%	+2.0%
Q1 26	37M	+0.2%	+0.6%
Q2 26	38M	+4.2%	+4.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 24	$899.2K	74
Q4 24	$128.6K	70
Q1 25	$316.9K	70
Q2 25	$926.7K	70
Q3 25	$305.3K	70
Q4 25	$654.4K	74
Q1 26	$318.2K	74
Q2 26	-$63.0K	74

Revenue / Employee