Gladstone Investment Corporation (GAIN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 10.77M | -135.66M | 8.94M | 8.29M | 36.6M | 9.74M | 63.16M | 9.92M | 6.21M | 20.87M | -60.14M | -36.45M | 8.9M | 25.2M | 23.49M | 21.11M | 994K | 45.58M | -20.7M | 14.42M |
| Operating CF Margin % | 42.47% | -541.29% | 24.76% | 32.21% | 142.21% | 23.15% | 288.64% | 5332.8% | 21.92% | 184.43% | -117.56% | -295.14% | 114.79% | 132.7% | 381.5% | 135.06% | 5.04% | 425.81% | -65.14% | 28.82% |
| Operating CF Growth % | -70.59% | -1493.08% | -85.84% | -16.41% | 488.98% | -53.34% | 205.03% | 127.21% | -30.18% | -17.19% | -356.03% | -272.64% | 795.47% | -44.71% | 213.45% | 46.42% | -97.45% | 69.92% | 61.84% | 364.57% |
| Net Income | 36.48M | -35.18M | 28.71M | 7.77M | 17.87M | 38.49M | 15.48M | -6.53M | 22.58M | 6.58M | 47.36M | 8.79M | 4.66M | 15.78M | 3.08M | 12.04M | 16.7M | 10.35M | 28.14M | 47.14M |
| Depreciation & Amortization | -39.1M | -123.64M | 0 | 0 | 0 | 0 | 629K | 0 | 0 | 589K | 574K | 820K | -5.25M | 0 | 0 | 0 | 0 | 2.45M | 452K | 456K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -6.71M | 25.63M | -23.6M | 2.06M | 18.24M | -36.59M | 46.67M | 20.48M | -16.61M | 12.97M | -115.93M | -46.9M | 12.6M | 7.13M | 21.21M | 5.2M | -9.43M | 33.77M | -55.49M | -43.81M |
| Working Capital Changes | 20.1M | -2.47M | 3.83M | -1.54M | 488K | 7.84M | 386K | -4.04M | 240K | 725K | 7.86M | 849K | -3.1M | 2.29M | -793K | 3.88M | -6.27M | -980K | 6.2M | 10.63M |
| Change in Receivables | -296K | 96K | 36K | -132K | 618K | -83K | -23K | 1.7M | -2.33M | -580K | -1.58M | 375K | -1.04M | -657K | 1.63M | 2.58M | -4.89M | -103K | -547K | 806K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 474K | 1.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 19.5M | -1.73M | 4M | -2.44M | -1.21M | 7.3M | 0 | -5.62M | 2.94M | 863K | 8.07M | 864K | -1.98M | 2.31M | -2M | 1.41M | -756K | 0 | 0 | 0 |
| Cash from Investing | 6.05M | -39.76M | -69.6M | -58.47M | 76.08M | -181.59M | 0 | 2.4M | -436K | -40.7M | -66.81M | -46.2M | 80.11M | -29.16M | -74.25M | 20.2M | -3.69M | 0 | 0 | 0 |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 1.31B | 1.22B | 1.13B | 0 | 0 | 0 | 0 | 0 | 0 | 199.91M | 915.64M | 98.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 2.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -17.33M | 8.24M | 57.54M | 40.38M | -100.67M | 172.33M | -63.68M | -12.35M | -6.14M | -19.86M | 24.97M | 70.95M | -8.5M | 3.9M | 9.38M | -11.53M | -11.46M | -19.36M | -4.15M | 10.46M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -38.44M | 31.18M | 7.25M | 0 | 2M | 0 | 0 | 18.95M | 21.13M | 4.08M | 0 | 2.03M | 2.95M | 467K | 0 | -94.37M | 0 | 0 | 0 |
| Dividends Paid | -38.08M | -38.08M | -9.29M | -28.79M | -8.84M | -34.5M | -8.8M | -8.8M | -8.68M | -43.1M | -12.18M | -12.09M | -16.11M | -12.01M | -7.47M | -11.46M | -11.46M | -10.46M | -7.97M | -8.96M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -94.37M | 0 | 0 | 0 |
| Other Financing | 28.52M | 68.61M | 0 | 0 | 0 | 0 | -74K | 0 | 0 | -1.19M | -23K | -2.71M | -29K | 0 | 41.3M | -75K | 0 | 1K | -97.73M | -75K |
| Net Change in Cash | -511K | -167.18M | -3.12M | -9.8M | 12.01M | 473K | -516K | -30K | -365K | 1M | -35.17M | 34.5M | 401K | -56K | -41.37M | 29.78M | -14.15M | 26.22M | -24.86M | 24.88M |
| Free Cash Flow | 144.89M | -135.66M | 8.94M | 8.29M | 36.6M | 9.74M | 63.16M | 9.92M | 6.21M | 20.87M | -60.14M | -36.45M | 8.9M | 25.2M | 23.49M | 21.11M | 994K | 45.58M | -20.7M | 14.42M |
| FCF Margin % | 571.44% | -541.29% | 24.76% | 32.21% | 142.21% | 23.15% | 288.64% | 5332.8% | 21.92% | 184.43% | -117.56% | -295.14% | 114.79% | 132.7% | 381.5% | 135.06% | 5.04% | 425.81% | -65.14% | 28.82% |
| FCF Growth % | 295.82% | -1493.08% | -85.84% | -16.41% | 488.98% | -53.34% | 205.03% | 127.21% | -30.18% | -17.19% | -356.03% | -272.64% | 795.47% | -44.71% | 213.45% | 46.42% | -97.45% | 69.92% | 61.84% | 364.57% |
| FCF per Share | 3.64 | -3.42 | 0.23 | 0.22 | 1.00 | 0.27 | 1.72 | 0.27 | 0.17 | 0.61 | -1.78 | -1.09 | 0.27 | 0.76 | 0.71 | 0.64 | 0.03 | 1.37 | -0.62 | 0.43 |
| FCF Conversion (FCF/Net Income) | 0.13x | -2.06x | 0.31x | 0.46x | 2.05x | 0.25x | 4.08x | -1.52x | 0.28x | 3.17x | -1.27x | -4.15x | 1.91x | 1.60x | 7.64x | 1.75x | 0.06x | 4.41x | -0.74x | 0.31x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 6.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.15M | 1.95M | 1.34M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |