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GLADGladstone Capital Corporation
$19.36$437M
Overview & Verdict
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GLAD logoGladstone Capital Corporation(GLAD)Earnings, Financials & Key Ratios

GLAD•NASDAQ
$19.36
7.6× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryPrivate credit and BDC lenders
AboutGladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. It operates as a business development company. The fund also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts. It targets small and medium-sized companies in United States. It is industry agnostic and seeks to invest in companies engaged in the business services, light and specialty manufacturing, niche industrial products and services, specialty consumer products and services, energy services, transportation and logistics, healthcare and education services, specialty chemicals, media and communications and aerospace and defense. The fund seeks to invest between $7 million and $30 million in companies that have between $20 million and $150 million in sales and EBITDA between $3 million and $25 million. It prefers to acquire minority stakes. It seeks to exit its investments through strategic acquisitions by other industry participants or financial buyers, initial public offerings of common stock, or other capital market transactions.Show more
  • EBITDA$122M+29.1%
  • Net Income$58M-38.7%
  • EPS (Diluted)2.55-41.2%
  • Gross Margin87.27%+6.5%
  • EBITDA Margin84.47%+7.2%
  • Operating Margin55.53%-29.5%
  • Net Margin40.14%-49.0%
  • ROE12.1%-43.3%

GLAD Price & Volume

Gladstone Capital Corporation (GLAD) stock price & volume — 10-year historical chart

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Earnings Volatility Challenges Gladstone Capital Dividend Sustainability

Investment Thesis • Updated 2026Q2

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Mixed
Cash Flow:Mixed
Primary Risk:NAV Volatility and Leverage

Key Thesis Takeaways

  • 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 significant uncertainty regarding the sustainability of its 12.9% dividend yield.
  • Investors should monitor the firm's ability to generate consistent operating cash flow, which has frequently decoupled from reported net income, as evidenced by an erratic OCF/NI ratio that reached -6.76 in 2025Q4.

Verdict Logic

the firm's dividend sustainability is questionable given that EPS dropped from 1.47 in 2024Q4 to 0.00 in 2026Q2, indicating that earnings volatility is outpacing the stability required for consistent distributions.

GLAD Growth Metrics

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

Revenue CAGR

10 Years23.27%
5 Years77.99%
3 Years63.66%
TTM-

Profit CAGR

10 Years21.22%
5 Years-
3 Years42.9%
TTM-49.61%

EPS CAGR

10 Years12.15%
5 Years-
3 Years30.03%
TTM-71.9%

Return on Capital

10 Years7.64%
5 Years10.66%
3 Years9.81%
Last Year9.39%

GLAD Recent Earnings

Gladstone Capital Corporation (GLAD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.52+6.1%
$0.49
Rev
$26M+3.2%
$25M
Q1 2026
Feb 4, 2026
Metric
Actual
Est
EPS
$0.50+4.2%
$0.48
Rev
$25M+0.6%
$24M
Q4 2025
Nov 17, 2025
Metric
Actual
Est
EPS
$0.52+3.2%
$0.50
Rev
$20M-10.1%
$23M
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$0.50+0.0%
$0.50
Rev
$18M-20.7%
$23M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.52vs $0.49+6.1%
$26Mvs $25M+3.2%
Q1 2026Feb 4, 2026
$0.50vs $0.48+4.2%
$25Mvs $24M+0.6%
Q4 2025Nov 17, 2025
$0.52vs $0.50+3.2%
$20Mvs $23M-10.1%
Q3 2025Aug 4, 2025
$0.50vs $0.50+0.0%
$18Mvs $23M-20.7%
Based on last 12 quarters of dataView full earnings history →

Latest GLAD News

Recent stock market news and headlines for Gladstone Capital Corporation (GLAD)

Newsfile Corp·Jun 22, 2026
Gladiator Announces BlackRock Led C$35M Fully Allocated Institutional Private Placement

Vancouver, British Columbia--(Newsfile Corp. - June 22, 2026) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") is pleased to announce it has secured BlackRock as the lead investor in a non-brokered private placement to raise gross proceeds of C$35,040,000 through the issuance of 7,000,000 Charity Flow-Through common shares (the "Charity FT Shares") at a price of C$3.87 per Charity FT Share and 3,000,000 Non-Flow-Through common shares (the "NFT Shares") at a price of C$2.65 per NFT Share (the "Offering"). BlackRock is the world's largest asset management firm, providing investment management services globally.

Newsfile Corp·Jun 17, 2026
Gladiator Metals: Cowley Returns 8.3m @ 4.99% Cu, 26.7g/t Ag, 1,902 ppm Mo from 12.6m Within 47m @ 1.23% Cu

Vancouver, British Columbia--(Newsfile Corp. - June 17, 2026) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") is pleased to announce results from its first 11 holes (1,367 m) at Cowley to support resource delineation under Class 3 permit conditions. Drilling intersected significant high-grade copper-gold-silver-molybdenite skarn in all holes.

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
$19.36$437.4M7.5920.37%40.14%12.1%12.65%
ARCC logoARCCAres Capital Corporation
$18.47$13.26B9.9332.87%43.69%8.11%—
FSCO logoFSCOFS Credit Opportunities Corp.
$4.90$991.12M6.45-18.64%———
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 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

GLAD SEC Filings & Documents

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

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Mar 23, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

3
FY 2025

Nov 17, 2025·SEC

FY 2024

Nov 13, 2024·SEC

FY 2023

Nov 13, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2026

Feb 4, 2026·SEC

FY 2025

Aug 4, 2025·SEC

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GLAD Frequently Asked Questions

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

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

Gladstone Capital Corporation (GLAD) reported $70.5M in revenue for fiscal year 2025.

How fast is Gladstone Capital Corporation growing?

Gladstone Capital Corporation (GLAD) grew revenue by 20.4% over the past year. This is strong growth.

Is GLAD profitable?

Yes, Gladstone Capital Corporation (GLAD) is profitable, generating $43.9M 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 12.65%. 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.

What is Gladstone Capital Corporation's free cash flow?

Gladstone Capital Corporation (GLAD) had negative free cash flow of $53.6M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in GLAD back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →