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6Material company update
May 12, 2026·SEC
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Feb 18, 2026·SEC
Gladstone Investment Corporation(GAINI)Earnings, Financials & Key Ratios
GAINI•NASDAQ
$25.61
5.4× P/E·Price updated Jul 7, 2026
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 invests in companies with EBITDA from $4 million to $15 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%
GAINI Price & Volume
Gladstone Investment Corporation (GAINI) stock price & volume — 10-year historical chart
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Exit Dependent Revenue Masks Underlying Portfolio Volatility
Investment Thesis • Updated 2026Q4
VerdictNeutral
Growth:Contracting
Profitability:Strained
Financial:Mixed
Cash Flow:Mixed
Primary Risk:Lumpy Exit-Driven Revenue
Key Thesis Takeaways
- Gladstone Investment Corporation's performance remains tethered to the unpredictable timing of lower middle market portfolio exits, which creates significant quarterly earnings noise.
- While the firm has successfully grown its total assets to $1.3 billion as of 2026Q4, the reliance on non-cash valuation gains to drive net income warrants caution regarding the sustainability of future dividend distributions.
- Investors should monitor the firm's ability to maintain consistent cash flow generation, as the current 5.8% dividend yield appears vulnerable to the inherent lumpiness of its buyout-focused business model.
Verdict Logic
while the firm has improved retained earnings to $181.5 million, the extreme volatility in free cash flow and a current ratio of 0.01 suggest significant liquidity risks that may threaten the 5.8% dividend yield.
GAINI Growth Metrics
Gladstone Investment Corporation (GAINI) 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%
GAINI Recent Earnings
Gladstone Investment Corporation (GAINI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/11 qtrs (45%)●Beat Revenue 3/11 qtrs (27%)
Q2 2026Latest
May 12, 2026Metric
Actual
Est
EPS
$0.27-226.2%
$0.21
Rev
$25M-2.4%
$26M
Q1 2026
Feb 3, 2026Metric
Actual
Est
EPS
$0.16-30.4%
$0.23
Rev
$25M-2.9%
$26M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.75+224.8%
$0.23
Rev
$5M-118.8%
$25M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.21-5.6%
$0.22
Rev
$24M-3.0%
$24M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $0.27vs $0.21-226.2% | $25Mvs $26M-2.4% |
| Q1 2026 | Feb 3, 2026 | $0.16vs $0.23-30.4% | $25Mvs $26M-2.9% |
| Q4 2025 | Nov 4, 2025 | $0.75vs $0.23+224.8% | $5Mvs $25M-118.8% |
| Q3 2025 | Aug 12, 2025 | $0.21vs $0.22-5.6% | $24Mvs $24M-3.0% |
Based on last 11 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Gladstone Investment Corporation (GAINI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.61 | $1.02B | 5.37 | -20.47% | 258.46% | 31.65% | 5.77% | |
| $15.64 | $622.82M | 3.28 | -20.47% | 173.56% | 34.04% | — | |
| $4.75 | $192.85M | 3.89 | 36.55% | -19.55% | -3.39% | — | |
| $23.51 | $1.46B | 12.37 | 50.13% | 50.89% | 11.68% | — | |
| $5.08 | $110.06M | 9.58 | -39.74% | -72.87% | -2.9% | — | |
| $7.19 | $713.38M | 9.99 | 2.2% | 34.83% | 5.84% | — |
Compare GAINI vs Peers
Gladstone Investment Corporation (GAINI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GAINI SEC Filings & Documents
Gladstone Investment Corporation (GAINI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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GAINI Frequently Asked Questions
Gladstone Investment Corporation (GAINI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Gladstone Investment Corporation's revenue?
Gladstone Investment Corporation (GAINI) reported $112.3M in revenue for fiscal year 2026.
How fast is Gladstone Investment Corporation growing?
Gladstone Investment Corporation (GAINI) saw revenue decline by 20.5% over the past year.
Is GAINI profitable?
Yes, Gladstone Investment Corporation (GAINI) is profitable, generating $194.9M in net income for fiscal year 2026 (258.5% net margin).
Dividend & Returns
Does GAINI pay dividends?
Yes, Gladstone Investment Corporation (GAINI) pays a dividend with a yield of 5.77%. This makes it attractive for income-focused investors.
What is GAINI's return on equity?
Gladstone Investment Corporation (GAINI) 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 (GAINI) generated $26.5M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.