Gladstone Investment Corp. logo

Gladstone Investment Corp.

GAIN

NASDAQFinancial ServicesAsset Management

Previous close

$16.36

+$0.01 · +0.06%

Aug 21, 4:00 PM ET

GAIN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

94

Deep Value

Momentum

54

Neutral

Sentiment

71

Bullish

Risk resilience

76

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

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 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.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
David A. R. Dullum
Listed since
Jun 23, 2005
Employees
78

Market position

Day range

Current $16.36

52-week range

Current $16.36

Open
$16.45
Previous close
$16.35
Volume
105.25K
0.36× average
Average volume
290.65K
Average daily volume
Market cap
651.49M USD
Beta
0.75
Market reference 1
50-day average
$16.0012
+2.24% above average
200-day average
$14.907
+9.75% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
3.91×
P/B (TTM)
1.01×
P/S (TTM)
6.15×
Dividend yield
5.87%

Profitability & efficiency

Gross margin
63.51%
Operating margin
107.81%
Net margin
155.95%

Financial health

Debt / equity
0.88×
Altman Z-score
1.08
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends345%227%108%-10%Gross margin, FY2022: 88.35%Gross margin, FY2023: 67.29%Gross margin, FY2024: 76.62%Gross margin, FY2025: 68.57%Gross margin, FY2026: 19.38%Operating margin, FY2022: 91.17%Operating margin, FY2023: 73.24%Operating margin, FY2024: 82.68%Operating margin, FY2025: 72.67%Operating margin, FY2026: 315.85%Net margin, FY2022: 91.17%Net margin, FY2023: 73.24%Net margin, FY2024: 82.68%Net margin, FY2025: 72.67%Net margin, FY2026: 258.46%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 88.35%. Gross margin FY2023 67.29%. Gross margin FY2024 76.62%. Gross margin FY2025 68.57%. Gross margin FY2026 19.38%. Operating margin FY2022 91.17%. Operating margin FY2023 73.24%. Operating margin FY2024 82.68%. Operating margin FY2025 72.67%. Operating margin FY2026 315.85%. Net margin FY2022 91.17%. Net margin FY2023 73.24%. Net margin FY2024 82.68%. Net margin FY2025 72.67%. Net margin FY2026 258.46%.

Income trends

Revenue

71.48M USD-20.47%

Operating income

225.77M USD+245.65%

Net income

184.75M USD+182.85%
Income trends across reported periods244.8M USD168.71M USD92.62M USD16.52M USDRevenue, FY2022: 112.23M USDRevenue, FY2023: 48.53M USDRevenue, FY2024: 103.17M USDRevenue, FY2025: 89.88M USDRevenue, FY2026: 71.48M USDOperating income, FY2022: 102.32M USDOperating income, FY2023: 35.55M USDOperating income, FY2024: 85.31M USDOperating income, FY2025: 65.32M USDOperating income, FY2026: 225.77M USDNet income, FY2022: 102.32M USDNet income, FY2023: 35.55M USDNet income, FY2024: 85.31M USDNet income, FY2025: 65.32M USDNet income, FY2026: 184.75M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 112.23M USD. Revenue FY2023 48.53M USD. Revenue FY2024 103.17M USD. Revenue FY2025 89.88M USD. Revenue FY2026 71.48M USD. Operating income FY2022 102.32M USD. Operating income FY2023 35.55M USD. Operating income FY2024 85.31M USD. Operating income FY2025 65.32M USD. Operating income FY2026 225.77M USD. Net income FY2022 102.32M USD. Net income FY2023 35.55M USD. Net income FY2024 85.31M USD. Net income FY2025 65.32M USD. Net income FY2026 184.75M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue71.48M USD89.88M USD103.17M USD48.53M USD112.23M USD
Cost of goods sold57.63M USD28.25M USD24.12M USD15.88M USD13.08M USD
Gross profit13.85M USD61.63M USD79.05M USD32.66M USD99.15M USD
Selling, general, and administrative6.14M USD8.21M USD6.15M USD7M USD6.4M USD
Operating expenses−211.92M USD−3.69M USD−6.26M USD−2.89M USD−3.17M USD
Interest income95.85M USD83.61M USD81.79M USD60.28M USD59.65M USD
Interest expense41.02M USD28.25M USD24.12M USD15.88M USD13.08M USD
Depreciation and amortization12.22M USD
Operating income225.77M USD65.32M USD85.31M USD35.55M USD102.32M USD
Net income184.75M USD65.32M USD85.31M USD35.55M USD102.32M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 7 misses, 1 met estimate
Average EPS surprise
-0.79%
11 comparable reports
Latest EPS result
0.26
Estimate 0.22 · Beat by 16.85%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.30.260.210.17Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MetQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 0.23, estimate 0.24, surprise -4.17%, Miss. Q2 2025, reported May 13, 2025: actual 0.26, estimate 0.23, surprise +13.04%, Beat. Q3 2025, reported Aug 12, 2025: actual 0.24, estimate 0.23, surprise +4.35%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.24, estimate 0.24, surprise 0.00%, Met estimate. Q1 2026, reported Feb 3, 2026: actual 0.21, estimate 0.234, surprise -10.26%, Miss. Q2 2026, reported May 12, 2026: actual 0.2, estimate 0.22, surprise -9.09%, Miss. Q3 2026, reported Aug 6, 2026: actual 0.26, estimate 0.223, surprise +16.85%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.22, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates29.49M26.41M23.32M20.24MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 21.37M USD, estimate 22.88M USD, surprise -6.61%, Miss. Q2 2025, reported May 13, 2025: actual 25.74M USD, estimate 25.99M USD, surprise -0.96%, Miss. Q3 2025, reported Aug 12, 2025: actual 25.74M USD, estimate 24.52M USD, surprise +4.98%, Beat. Q4 2025, reported Nov 4, 2025: actual 25.28M USD, estimate 24.72M USD, surprise +2.27%, Beat. Q1 2026, reported Feb 3, 2026: actual 25.06M USD, estimate 25.83M USD, surprise -2.97%, Miss. Q2 2026, reported May 12, 2026: actual 25.19M USD, estimate 25.8M USD, surprise -2.36%, Miss. Q3 2026, reported Aug 6, 2026: actual 28.36M USD, estimate 25.75M USD, surprise +10.10%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 25.92M USD, surprise —, Comparison unavailable.

GAIN peers

ETFs holding GAIN

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research GAIN

research.disclaimer