Gladstone Investment Corp (GAINI) Financials
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GAINI SEC filings page.
This page shows Gladstone Investment Corp (GAINI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profit swings are not translating into operating cash, while balance-sheet expansion increasingly relies on debt and financing.
In FY2026, net income reached$184.8M while operating cash flow was-$101.6M , making reported earnings a poor proxy for distributable cash in that year. A similar, though smaller, disconnect occurred in FY2024, when positive earnings coincided with negative operating cash flow, suggesting the cash shortfall is not confined to one reporting period.
Debt increased from
FY2026 dividends paid were
Financial Health Signals
Gladstone Investment Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Gladstone Investment Corp passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Gladstone Investment Corp used $0.55 of operating cash (-$101.6M OCF vs $184.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Gladstone Investment Corp reported -$11.9M in net income in Q1 2027. This represents a decrease of 252.5% from the same quarter a year earlier.
Gladstone Investment Corp earned -$0.30 per diluted share (EPS) in Q1 2027. This represents a decrease of 242.9% from the same quarter a year earlier. Against the prior quarter it is down 114.3%.
Not reported for Q1 2027.
Not reported for Q1 2027.
Cash & Balance Sheet
Gladstone Investment Corp held $3.6M in cash against $570.8M in long-term debt as of Q1 2027.
Gladstone Investment Corp paid $0.24 per share in dividends in Q1 2027. This represents a decrease of 69.2% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q1 2027.
Margins & Returns
Gladstone Investment Corp's ROE was -1.8% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the same quarter a year earlier.
Not reported for Q1 2027.
Not reported for Q1 2027.
Not reported for Q1 2027.
Capital Allocation
None of these metrics is reported for Q1 2027.
GAINI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Net Income | -$11.9M-252.5% | N/A | $65.9M+71.2% | $28.7M+85.4% | $7.8M+219.1% | N/A | $38.5M+485.0% | $15.5M-67.3% |
| EPS (Basic) | -$0.30-242.9% | $2.10+1005.3% | $1.66+5433.3% | $0.75+275.0% | $0.21-38.2% | $0.19+35.7% | $0.03-89.3% | $0.20+500.0% |
| EPS (Diluted) | -$0.30-242.9% | $2.10+1005.3% | $1.66 | $0.75 | $0.21-38.2% | $0.19+35.7% | $0.03 | $0.20+500.0% |
| Diluted Shares (Avg) | 40M+7.9% | N/A | 40M | 38M | 37M+0.6% | N/A | 37M | 37M+8.5% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax.
GAINI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+23.6% | $1.3B+31.4% | $1.2B+13.7% | $1.1B+31.7% | $1.1B+15.3% | $1.0B+7.3% | $1.1B+18.5% | $868.8M-6.4% |
| Cash & Equivalents | $3.6M-12.7% | $2.4M-83.3% | $2.9M+12.7% | $2.2M+10.5% | $4.1M+68.6% | $14.3M+481.2% | $2.6M-8.9% | $2.0M-3.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $656.2M+15.4% | $654.6M+29.0% | $641.2M+7.3% | $608.6M+48.3% | $568.6M+30.2% | $507.3M+13.9% | $597.7M+30.6% | $410.4M-9.3% |
| Long-Term Debt | $570.8M+10.1% | $564.5M+23.9% | $571.8M+4.6% | $555.0M+62.7% | $518.6M+31.2% | $455.7M+14.4% | $546.6M+32.2% | $341.0M-16.8% |
| Total Equity | $646.8M+33.3% | $668.2M+33.9% | $595.4M+21.5% | $535.8M+16.9% | $485.3M+1.7% | $499.1M+1.3% | $490.1M+6.5% | $458.4M-3.6% |
| Retained Earnings | $160.4M+388.5% | $181.5M+239.0% | $108.7M+144.4% | $52.2M+261.9% | $32.8M0.0% | $53.5M+11.6% | $44.5M+32.3% | $14.4M-79.3% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
GAINI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.1M+116.1% | $16.8M-85.1% | -$7.6M+95.6% | -$60.7M-196.0% | -$50.2M-507.3% | $112.7M+1849.8% | -$171.9M-923.5% | $63.2M+205.0% |
| Financing Cash Flow | -$6.9M-117.0% | -$17.3M+82.8% | $8.2M-95.2% | $57.5M+190.4% | $40.4M+427.0% | -$100.7M-1538.6% | $172.3M+967.5% | -$63.7M-355.0% |
| Dividends Paid | $9.6M-66.8% | $9.6M+8.1% | $9.5M-72.4% | $9.3M+5.6% | $28.8M+227.0% | $8.8M+2.1% | $34.5M-19.9% | $8.8M-28.0% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Share Buybacks.
GAINI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -1.8%-3.4pp | N/A | 11.1%+3.2pp | 5.4%+2.0pp | 1.6%+3.0pp | N/A | 7.8%+6.4pp | 3.4%-6.6pp |
| Return on Assets | -0.9%-1.7pp | N/A | 5.3%+1.8pp | 2.5%+0.7pp | 0.7%+1.5pp | N/A | 3.5%+2.8pp | 1.8%-3.3pp |
| Debt-to-Equity | 0.88-0.2x | 0.84-0.1x | 0.96-0.2x | 1.04+0.3x | 1.07+0.2x | 0.91+0.1x | 1.12+0.2x | 0.74-0.1x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Where Gladstone Investment Corp Ranks
Frequently Asked Questions
Is Gladstone Investment Corp profitable?
Yes, Gladstone Investment Corp (GAINI) reported a net income of $184.8M in fiscal year 2026.
How much debt does Gladstone Investment Corp have?
As of fiscal year 2026, Gladstone Investment Corp (GAINI) had $2.4M in cash and equivalents against $564.5M in long-term debt.
Does Gladstone Investment Corp pay dividends?
Yes, Gladstone Investment Corp (GAINI) paid $1.50 per share in dividends during fiscal year 2026.
What is Gladstone Investment Corp's return on equity (ROE)?
Gladstone Investment Corp (GAINI) has a return on equity of 27.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Gladstone Investment Corp's operating cash flow?
Gladstone Investment Corp (GAINI) recorded an outflow of $101.6M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Gladstone Investment Corp's total assets?
Gladstone Investment Corp (GAINI) had $1.3B in total assets as of fiscal year 2026, including both current and long-term assets.
What is Gladstone Investment Corp's debt-to-equity ratio?
Gladstone Investment Corp (GAINI) had a debt-to-equity ratio of 0.84 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gladstone Investment Corp's return on assets (ROA)?
Gladstone Investment Corp (GAINI) had a return on assets of 14.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Gladstone Investment Corp's Piotroski F-Score?
Gladstone Investment Corp (GAINI) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Gladstone Investment Corp's earnings high quality?
For every $1 of reported earnings, Gladstone Investment Corp (GAINI) used $0.55 of operating cash (-$101.6M OCF vs $184.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.