Gladstone Capital Corp (GLAD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLAD SEC filings page.
This page shows Gladstone Capital Corp (GLAD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
The reported portfolio vehicle expanded its asset base, but 2025 distributions exceeded operating cash generation and coincided with renewed financing.
In FY2025, reported net income of$57.2M coexisted with operating cash flow of-$5.5M , showing accounting earnings and distributable cash moved in opposite directions. Dividends of$55.5M alongside financing cash flow of$35.6M indicate that the payout was not funded by operating cash that year, but coincided with financing activity.
As a portfolio vehicle rather than a conventional operating company, the useful signal is balance-sheet capacity, not sales margins. Total assets rose from
Net income fell from
Financial Health Signals
Gladstone Capital 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 Capital Corp passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Gladstone Capital Corp used $0.10 of operating cash (-$5.5M OCF vs $57.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Gladstone Capital Corp reported $13.3M in net income in Q3 2026. This represents an increase of 78.2% from the same quarter a year earlier. Against the prior quarter it is down 14.2%.
Gladstone Capital Corp earned $0.56 per diluted share (EPS) in Q3 2026. This represents an increase of 69.7% from the same quarter a year earlier. Against the prior quarter it is down 11.1%.
Not reported for Q3 2026.
Not reported for Q3 2026.
Cash & Balance Sheet
Gladstone Capital Corp held $2.4M in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Gladstone Capital Corp's ROE was 2.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
GLAD 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Interest Expense | $6.5M+45.1% | $5.8M+15.9% | $5.9M+25.0% | N/A | $4.5M-19.2% | $5.0M-12.4% | $4.7M-5.7% | N/A |
| Net Income | $13.3M+78.2% | $15.5M+75.7% | $5.5M-79.8% | N/A | $7.4M-60.9% | $8.8M-62.8% | $27.0M+34.9% | N/A |
| EPS (Basic) | $0.59+78.8% | $0.68+36.0% | $0.24-52.0% | $0.63+26.0% | $0.33-42.1% | $0.50+2.0% | $0.50-9.1% | $0.50-9.1% |
| EPS (Diluted) | $0.56+69.7% | $0.63+26.0% | $0.24 | $0.62+24.0% | $0.33-42.1% | $0.50 | $0.50 | $0.50 |
| Diluted Shares (Avg) | 28M+27.0% | 28M+27.0% | 28M | N/A | 22M+2.6% | 22M | 22M | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax.
GLAD 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $970.1M+24.3% | $925.1M+19.1% | $922.8M+13.1% | $907.6M+11.7% | $780.2M+0.7% | $776.8M-4.3% | $815.6M+6.4% | $812.5M+12.9% |
| Cash & Equivalents | $2.4M-84.5% | $3.4M+28.4% | $4.2M+140.1% | $32.4M+1390.3% | $15.2M+1235.3% | $2.6M-50.0% | $1.7M+15.9% | $2.2M+66.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $439.4M+50.9% | $407.0M+41.8% | $416.3M+28.0% | $406.2M+21.7% | $291.2M-11.9% | $287.0M-24.4% | $325.2M-6.7% | $333.7M+7.4% |
| Total Equity | $485.7M+2.4% | $482.6M+1.0% | $477.3M-0.6% | $482.0M+2.4% | $474.5M+8.1% | $478.1M+11.0% | $480.3M+14.9% | $470.9M+15.2% |
| Retained Earnings | -$16.0M+21.1% | -$19.1M-14.7% | -$24.3M-69.6% | -$19.6M+8.5% | -$20.2M+52.4% | -$16.6M+67.2% | -$14.4M+77.4% | -$21.5M+70.5% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
GLAD 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$36.9M-280.7% | $16.6M-64.6% | -$33.8M-240.9% | -$96.6M-1597.1% | $20.4M-62.4% | $46.8M+344.7% | $24.0M+191.7% | -$5.7M-124.9% |
| Financing Cash Flow | $35.8M+553.7% | -$17.3M+62.2% | $5.6M+123.0% | $113.7M+1583.9% | -$7.9M+86.5% | -$45.8M-299.9% | -$24.4M-192.6% | $6.8M+129.0% |
| Dividends Paid | $10.2M-8.0% | $10.2M-8.0% | $10.2M-49.1% | $13.4M+23.6% | $11.1M+2.6% | $11.1M+2.6% | $20.0M+85.6% | $10.8M+1.5% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Share Buybacks.
GLAD 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 2.7%+1.2pp | 3.2%+1.4pp | 1.1%-4.5pp | N/A | 1.6%-2.8pp | 1.8%-3.6pp | 5.6%+0.8pp | N/A |
| Return on Assets | 1.4%+0.4pp | 1.7%+0.5pp | 0.6%-2.7pp | N/A | 0.9%-1.5pp | 1.1%-1.8pp | 3.3%+0.7pp | N/A |
| Debt-to-Equity | 0.90+0.3x | 0.84+0.2x | 0.87+0.2x | 0.84+0.1x | 0.61-0.1x | 0.60-0.3x | 0.68-0.2x | 0.71-0.1x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Gladstone Capital Corp GLAD | FY2025 | N/A | $57.2M | N/A | $436.7M | — |
| Gladstone Investment Corporation GAIN | FY2026 | N/A | $184.8M | N/A | $602.9M | — |
| BlackRock TCP Capital Corp. TCPC | FY2025 | N/A | -$88.9M | N/A | $342.3M | — |
| Crescent Capital BDC, Inc. CCAP | FY2025 | N/A | $34.5M | N/A | $330.1M | — |
Where Gladstone Capital Corp Ranks
Frequently Asked Questions
Is Gladstone Capital Corp profitable?
Yes, Gladstone Capital Corp (GLAD) reported a net income of $57.2M in fiscal year 2025.
Does Gladstone Capital Corp pay dividends?
Yes, Gladstone Capital Corp (GLAD) paid $2.48 per share in dividends during fiscal year 2025.
What is Gladstone Capital Corp's return on equity (ROE)?
Gladstone Capital Corp (GLAD) has a return on equity of 11.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Gladstone Capital Corp's operating cash flow?
Gladstone Capital Corp (GLAD) recorded an outflow of $5.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Gladstone Capital Corp's total assets?
Gladstone Capital Corp (GLAD) had $907.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Gladstone Capital Corp's debt-to-equity ratio?
Gladstone Capital Corp (GLAD) had a debt-to-equity ratio of 0.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gladstone Capital Corp's return on assets (ROA)?
Gladstone Capital Corp (GLAD) had a return on assets of 6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Gladstone Capital Corp's P/E ratio?
Gladstone Capital Corp (GLAD) trades at 7.6x earnings, its market capitalization divided by net income of $57.2M net income, FY2025. The market capitalization is $436.7M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Gladstone Capital Corp's price-to-sales ratio?
Gladstone Capital Corp (GLAD) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $436.7M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Gladstone Capital Corp's Piotroski F-Score?
Gladstone Capital Corp (GLAD) has a Piotroski F-Score of 1 out of 5 computable signals; 4 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 Capital Corp's earnings high quality?
For every $1 of reported earnings, Gladstone Capital Corp (GLAD) used $0.10 of operating cash (-$5.5M OCF vs $57.2M 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.