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GAINGladstone Investment Corporation
$15.64$623M
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GAIN logoGladstone Investment Corporation(GAIN)Earnings, Financials & Key Ratios

GAIN•NASDAQ
$15.64
3.3× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryPrivate credit and BDC lenders
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 seeks to invest in companies with revenue between $20 million and $100 million. The fund invests in companies with EBITDA from $3 million to $20 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
  • EBITDA$226M+245.6%
  • Net Income$185M+182.8%
  • EPS (Diluted)4.77+168.0%
  • Gross Margin19.38%-71.7%
  • EBITDA Margin315.85%+334.6%
  • Operating Margin315.85%+334.6%
  • Net Margin258.46%+255.6%
  • ROE31.65%+140.3%

GAIN Price & Volume

Gladstone Investment Corporation (GAIN) stock price & volume — 10-year historical chart

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Exit Dependent Revenue Drives Extreme Margin Volatility

Investment Thesis • Updated 2026Q4

VerdictNegative
Growth:Mixed
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Lumpy Exit-Dependent Liquidity

Key Thesis Takeaways

  • Gladstone Investment Corporation operates a high-risk business model heavily reliant on the timing of non-linear equity exits, which creates significant earnings instability.
  • While the firm maintains a moderate debt-to-equity ratio of 0.84, the lack of consistent, recurring cash flow makes the 9.7% dividend yield appear vulnerable to liquidity constraints.
  • Investors should remain cautious as the firm's reliance on unrealized valuation adjustments, rather than operational cash generation, complicates long-term capital preservation.

Verdict Logic

the firm's extreme reliance on lumpy exit-based revenue and a current ratio of 0.01 suggest significant liquidity risks that may threaten the sustainability of the 9.7% dividend yield.

GAIN Growth Metrics

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

Revenue CAGR

10 Years7.94%
5 Years6.1%
3 Years13.78%
TTM-

Profit CAGR

10 Years22.21%
5 Years34.19%
3 Years73.22%
TTM198.31%

EPS CAGR

10 Years19.25%
5 Years30.1%
3 Years64.58%
TTM163.48%

Return on Capital

10 Years10.05%
5 Years12.38%
3 Years14.05%
Last Year25.33%

GAIN Recent Earnings

Gladstone Investment Corporation (GAIN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 12, 2026
Metric
Actual
Est
EPS
$0.20-9.1%
$0.22
Rev
$25M-2.4%
$26M
Q1 2026
Feb 3, 2026
Metric
Actual
Est
EPS
$0.21-10.3%
$0.23
Rev
$25M-3.0%
$26M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.24+0.0%
$0.24
Rev
$36M+39.8%
$26M
Q3 2025
Aug 12, 2025
Metric
Actual
Est
EPS
$0.24+4.3%
$0.23
Rev
$26M+5.0%
$25M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 12, 2026
$0.20vs $0.22-9.1%
$25Mvs $26M-2.4%
Q1 2026Feb 3, 2026
$0.21vs $0.23-10.3%
$25Mvs $26M-3.0%
Q4 2025Nov 4, 2025
$0.24vs $0.24+0.0%
$36Mvs $26M+39.8%
Q3 2025Aug 12, 2025
$0.24vs $0.23+4.3%
$26Mvs $25M+5.0%
Based on last 12 quarters of dataView full earnings history →

Latest GAIN News

Recent stock market news and headlines for Gladstone Investment Corporation (GAIN)

Seeking Alpha·Jun 27, 2026
27 Attractive Low-Price Dividend Dogs To Buy In June

Dividend stocks are regaining appeal as interest rates fall and market volatility rises, offering higher returns and lower risk over time. Top ten Attractive Low Price Dogs are forecasted to deliver 29.51%–66.09% net gains by June 2027, with average risk 49% below the market. All top ten yield Attractive Low Price Dogs are fairly priced, with dividends from $1K invested exceeding or matching share prices.

Peers Comparison

Key metrics vs top competitors for Gladstone Investment Corporation (GAIN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GAIN logoGAINGladstone Investment CorporationCurrent
$15.64$622.82M3.28-20.47%258.46%31.65%9.44%
HTGC logoHTGCHercules Capital, Inc.
$15.99$2.99B8.6426.97%50.05%13.18%—
ARCC logoARCCAres Capital Corporation
$18.47$13.26B9.9332.87%43.69%8.11%—
GBDC logoGBDCGolub Capital BDC, Inc.
$12.75$3.32B8.9842.5%26.91%5.24%—
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.75$192.85M3.8936.55%-19.55%-3.39%—
CSWC logoCSWCCapital Southwest Corporation
$23.51$1.46B12.3750.13%50.89%11.68%—

Compare GAIN vs Peers

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

Closest Rival

vs HTGC

Most directly comparable listed peer for GAIN.

Scale Benchmark

vs BX

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

Peer Set

Compare Top 5

vs HTGC, ARCC, GBDC, TPVG

GAIN SEC Filings & Documents

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

8-K Announcements

6
Material company update

May 12, 2026·SEC

Material company update

Mar 23, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

3
FY 2026

May 12, 2026·SEC

FY 2025

May 13, 2025·SEC

FY 2024

May 8, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Feb 3, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 12, 2025·SEC

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GAIN Frequently Asked Questions

Gladstone Investment Corporation (GAIN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Gladstone Investment Corporation's revenue?

Gladstone Investment Corporation (GAIN) reported $112.3M in revenue for fiscal year 2026.

How fast is Gladstone Investment Corporation growing?

Gladstone Investment Corporation (GAIN) saw revenue decline by 20.5% over the past year.

Is GAIN profitable?

Yes, Gladstone Investment Corporation (GAIN) is profitable, generating $194.9M in net income for fiscal year 2026 (258.5% net margin).

Dividend & Returns
Does GAIN pay dividends?

Yes, Gladstone Investment Corporation (GAIN) pays a dividend with a yield of 9.44%. This makes it attractive for income-focused investors.

What is GAIN's return on equity?

Gladstone Investment Corporation (GAIN) has a return on equity (ROE) of 31.7%. This is excellent, indicating efficient use of shareholder capital.

What is Gladstone Investment Corporation's free cash flow?

Gladstone Investment Corporation (GAIN) generated $26.5M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in GAIN back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →