Gladstone Investment Q2 net investment income falls 69.6%
The quarter included $156.5 million of investments, while a post-quarter portfolio-company sale returned $54.6 million of debt principal.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Gladstone Investment Corporation reported results for its second fiscal quarter ended September 30, 2026. Total investment income was $24.2 million, down 14.8% from the quarter ended June 30, 2026. Net investment income was $4.8 million, or $0.12 per weighted-average share, down from $15.9 million, or $0.40. Total expenses, net of credits, rose 55.4% to $19.3 million, mainly because of higher accruals for capital gains-based incentive fees.
Net assets resulting from operations increased $17.1 million, compared with an $11.9 million decrease in the prior quarter. Net asset value per common share was $16.43 as of September 30, 2026, versus $16.24 as of June 30, 2026. GAIN invested $156.5 million and collected $19.9 million from repayments, sales and recapitalizations during the quarter.
After September 30, SFEG repaid $54.6 million of debt at par, and GAIN received $0.5 million of success fee income. Proceeds for its remaining equity investment, including return of capital and related capital gains, are expected in the third or fourth quarter of the current fiscal year, subject to final dissolution and escrow settlements. The board declared monthly distributions of $0.08 per common share for October, November and December.
1 point · 0 major0 major · 3 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointOperations shifted to a $17.1 million increase in net assets from a prior-quarter decrease.
Negative
- Moderate pointNet investment income fell 69.6% to $4.8 million quarter over quarter.
- Moderate pointTotal investment income declined 14.8% to $24.2 million quarter over quarter.
- Moderate pointTotal expenses rose 55.4% to $19.3 million quarter over quarter.
Filing Explained
September-quarter adjusted net investment income was $0.18 per share versus GAAP $0.12, with a $2.4 million fee accrual not contractually due for that period.
This 8-K furnishes GAIN's results for the quarter ended
The company defines adjusted net investment income as net investment income excluding capital gains-based incentive fees; for the quarter it reported
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Total investment income: $24.2 million
Net investment income: $4.8 million
Total expenses, net of credits: $19.3 million
+4 more
7 metrics
Total investment income
$24.2 million
Quarter ended September 30, 2026; $28.4 million in the quarter ended June 30, 2026
Net investment income
$4.8 million
Quarter ended September 30, 2026; $15.9 million in the quarter ended June 30, 2026
Total expenses, net of credits
$19.3 million
Quarter ended September 30, 2026; $12.4 million in the quarter ended June 30, 2026
Net increase in net assets resulting from operations
$17.1 million
Quarter ended September 30, 2026; compared with an $11.9 million decrease in the quarter ended June 30, 2026
Net asset value per common share
$16.43
As of September 30, 2026; $16.24 as of June 30, 2026
Total investments, at fair value
$1.431 billion
As of September 30, 2026
Total dollars invested
$156.5 million
Quarter ended September 30, 2026
Key Terms
Net investment income, Capital gains-based incentive fee, Adjusted net investment income, SOFR, +1 more
5 terms
Net investment income financial
"Net investment income for the quarter ended September 30, 2026"
Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.
Capital gains-based incentive fee financial
"accruals for capital gains-based incentive fees"
A capital gains-based incentive fee is a performance charge that a fund manager or adviser collects only when investment returns produce capital gains above a set benchmark or hurdle. Think of it like a bonus that pays the manager a share of the profits—similar to giving a chef extra pay when a dish sells for more than expected—so it links the manager’s pay to realized or recognized increases in asset value, which affects investor returns and the cost of active management.
Adjusted net investment income financial
"Adjusted net investment income represents net investment income, excluding capital gains-based incentive fees"
Adjusted net investment income is a measure of the cash a fund or investment vehicle earns from its core investing activities after removing one-time, accounting-only items such as paper gains or losses and unusual expenses. Think of it like a household budget that strips out one-off windfalls or repairs to show the money available for regular spending. Investors use it to judge the sustainability of dividend payments and the underlying earning power separate from short-term accounting swings.
SOFR financial
"30-day Term Secured Overnight Financing Rate"
The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.
non-accrual status financial
"all debt investments on non-accrual status"
A loan or credit account is placed in non-accrual status when the lender stops recording expected interest income because the borrower is not making scheduled payments or repayment is doubtful. Think of it like a landlord who stops counting unpaid rent as future income once a tenant stops paying; it signals rising credit problems and potential losses. For investors, non-accrual levels indicate loan quality and can foreshadow write-downs, lower earnings, and increased risk to a lender’s balance sheet.
Earnings Snapshot
Total investment income: $24.2 million
Second fiscal quarter ended September 30, 2026
Total investment income
$24.2 million
Down 14.8% from the quarter ended June 30, 2026
Net investment income
$4.8 million
Down 69.6% from the quarter ended June 30, 2026
Total expenses, net of credits
$19.3 million
Up 55.4% from the quarter ended June 30, 2026
Net increase in net assets resulting from operations
$17.1 million
Compared with an $11.9 million decrease in the quarter ended June 30, 2026
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What investments did GAIN make in the quarter ended September 30, 2026?
GAIN invested $56.4 million in DHE Computer Systems Acquisition, Inc., including $40.3 million of secured first lien debt and $16.1 million of preferred equity, and $58.6 million in Extrude Hone LLC, including $43.2 million of secured first lien debt and $15.4 million of preferred equity. It also made add-on investments in Global GRAB Technologies and Detroit Defense.
What did GAIN receive from SFEG after September 30, 2026?
GAIN received $54.6 million from repayment at par of its debt investment and $0.5 million of success fee income. Proceeds for its remaining equity investment, including return of capital and related capital gains, are expected in the third or fourth quarter of the current fiscal year, subject to final dissolution and escrow settlements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 9, 2026
Gladstone Investment Corporation
(Exact Name of Registrant as Specified in its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||
Registrant's telephone number, including area code: (703 ) 287-5800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations and Financial Condition.
On November 9, 2026, Gladstone Investment Corporation issued a press release announcing its financial results for its second fiscal quarter ended September 30, 2026. The text of the press release is included as an exhibit to this Current Report on Form 8-K. The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | Press Release issued by Gladstone Investment Corporation, dated November 9, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Gladstone Investment Corporation (Registrant) | ||||||||
| By: | /s/ Taylor Ritchie | |||||||
| Taylor Ritchie | ||||||||
| Chief Financial Officer and Treasurer (principal financial and accounting officer) | ||||||||
Gladstone Investment Corporation Reports Financial Results for its
Second Quarter Ended September 30, 2026
MCLEAN, VA, November 9, 2026: Gladstone Investment Corporation (Nasdaq: GAIN) (the "Company") today announced earnings for its second fiscal quarter ended September 30, 2026. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.
Summary Information: (dollars in thousands, except per share data (unaudited)):
| September 30, 2026 | June 30, 2026 | Change | % Change | ||||||||||||||||||||
| For the quarter ended: | |||||||||||||||||||||||
| Total investment income | $ | 24,163 | $ | 28,355 | $ | (4,192) | (14.8) | % | |||||||||||||||
Total expenses, net(A) | 19,314 | 12,428 | 6,886 | 55.4 | % | ||||||||||||||||||
Net investment income(A) | 4,849 | 15,927 | (11,078) | (69.6) | % | ||||||||||||||||||
Net realized loss | — | (9,000) | 9,000 | NM | |||||||||||||||||||
Net unrealized appreciation (depreciation) | 12,214 | (18,782) | 30,996 | NM | |||||||||||||||||||
Net increase (decrease) in net assets resulting from operations(A) | $ | 17,063 | $ | (11,855) | $ | 28,918 | NM | ||||||||||||||||
Net investment income per weighted-average common share(A) | $ | 0.12 | $ | 0.40 | $ | (0.28) | (70.0) | % | |||||||||||||||
Adjusted net investment income per weighted-average common share(B) | $ | 0.18 | $ | 0.26 | $ | (0.08) | (30.8) | % | |||||||||||||||
Net increase (decrease) in net assets resulting from operations per weighted-average common share(A) | $ | 0.43 | $ | (0.30) | $ | 0.73 | NM | ||||||||||||||||
Cash distribution per common share from net investment income(C) | $ | 0.24 | $ | 0.24 | $ | — | — | % | |||||||||||||||
Cash distribution per common share from net realized gains(C) | $ | — | $ | — | $ | — | — | % | |||||||||||||||
Weighted-average yield on interest-bearing investments | 13.0 | % | 12.9 | % | 0.1 | % | 0.8 | % | |||||||||||||||
Total dollars invested | $ | 156,493 | $ | 600 | $ | 155,893 | NM | ||||||||||||||||
Total dollars repaid and collected from sales and recapitalization of investments | $ | 19,862 | $ | — | $ | 19,862 | NM | ||||||||||||||||
| Weighted-average shares of common stock outstanding - basic and diluted | 39,821,967 | 39,821,967 | — | — | % | ||||||||||||||||||
| Total shares of common stock outstanding | 39,821,967 | 39,821,967 | — | — | % | ||||||||||||||||||
As of: | |||||||||||||||||||||||
Total investments, at fair value | $ | 1,430,865 | $ | 1,282,020 | $ | 148,845 | 11.6 | % | |||||||||||||||
Fair value, as a percent of cost | 121.1 | % | 122.7 | % | (1.6) | % | (1.3) | % | |||||||||||||||
Number of portfolio companies | 31 | 29 | 2 | 6.9 | % | ||||||||||||||||||
Net assets | $ | 654,319 | $ | 646,813 | $ | 7,506 | 1.2 | % | |||||||||||||||
Net asset value per common share | $ | 16.43 | $ | 16.24 | $ | 0.19 | 1.2 | % | |||||||||||||||
| Total distributable earnings | $ | 167,568 | $ | 160,359 | $ | 7,209 | 4.5 | % | |||||||||||||||
| Total distributable earnings per common share | $ | 4.21 | $ | 4.03 | $ | 0.18 | 4.5 | % | |||||||||||||||
| Estimated spillover | $ | 19,924 | $ | 22,472 | $ | (2,548) | (11.3) | % | |||||||||||||||
| Estimated spillover per common share | $ | 0.50 | $ | 0.56 | $ | (0.06) | (10.7) | % | |||||||||||||||
NM = Not Meaningful
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(A)Inclusive of $2.4 million, or $0.06 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended September 30, 2026 and a reversal of $5.6 million, or $0.14 per weighted-average common share, of capital gains-based incentive fees during the three months ended June 30, 2026, respectively. These fees were accrued in accordance with United States generally accepted accounting principles (“U.S. GAAP”), where such amounts were not contractually due under the terms of the investment advisory agreement for the respective periods. Also see discussion under Non-GAAP Financial Measure – Adjusted Net Investment Income below.
(B)See Non-GAAP Financial Measure - Adjusted Net Investment Income, below, for a description of this non-GAAP measure and a reconciliation from Net investment income to Adjusted net investment income, including on a weighted-average per share basis. The Company uses this non-GAAP financial measure internally in analyzing financial results and believes it is useful to investors as an additional tool to evaluate ongoing results and trends for the Company.
(C)Estimates of tax characterization made on a quarterly basis may not be representative of the actual tax characterization of distributions for the full year. Estimates made on a quarterly basis are updated as of each interim reporting date.
Highlights for the Quarter: During the quarter ended September 30, 2026, the following significant events occurred:
•Portfolio Activity:
◦In July 2026, we invested $56.4 million in a new portfolio company, DHE Computer Systems Acquisition, Inc. ("DHE"), in the form of $40.3 million of secured first lien debt and $16.1 million of preferred equity. DHE, headquartered in Centennial, Colorado, is a full-service technology solutions provider serving the education, state and local government, and commercial markets.
◦In July 2026, we invested an additional $5.1 million, in the form of $1.5 million of secured first lien debt and $3.6 million of preferred equity, in Global GRAB Technologies, Inc. ("Global GRAB") to fund an add-on acquisition.
◦In September 2026, we invested an additional $15.8 million, in the form of $12.5 million of secured first lien debt and $3.3 million of preferred equity, in Global GRAB to fund an add-on acquisition.
◦In September 2026, we invested an additional $18.6 million, in the form of $14.4 million of secured first lien debt and $4.2 million of preferred equity, in Detroit Defense, Inc. to fund an add-on acquisition.
◦In September 2026, we invested $58.6 million in a new portfolio company, Extrude Hone LLC ("Extrude Hone"), in the form of $43.2 million of secured first lien debt and $15.4 million of preferred equity. Extrude Hone, headquartered in Irwin, Pennsylvania, is a provider of precision surface-finishing solutions used in mission-critical applications.
•Distributions and Dividends:
◦Paid an $0.08 per common share distribution to common stockholders in each of July, August and September 2026, totaling $0.24 for the quarter.
Second Quarter Results: Net investment income for the quarter ended September 30, 2026 was $4.8 million, or $0.12 per weighted-average common share, compared to net investment income of $15.9 million, or $0.40 per weighted-average common share, for the quarter ended June 30, 2026. This decrease was a result of an increase in total expenses, net of credits, primarily due to an increase in accruals for capital gains-based incentive fees, and a decrease in total investment income in the current quarter.
Total investment income for the quarters ended September 30, 2026 and June 30, 2026 was $24.2 million and $28.4 million, respectively. The decrease quarter over quarter was primarily due to a $5.6 million decrease in success fee income, the timing of which can be variable. This was partially offset by a $1.4 million increase in interest income.
Total expenses, net of credits, for the quarters ended September 30, 2026 and June 30, 2026 was $19.3 million and $12.4 million, respectively. The increase quarter over quarter was primarily due to an $8.0 million increase in accruals for capital gains-based incentive fees in the current quarter, as a result of the net impact of realized and unrealized gains and losses and an increase of $1.0 million in interest expense, due to increased borrowings on the Credit Facility. The increase was partially offset by a $0.5 million decrease in other expenses.
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Net asset value per common share as of September 30, 2026 was $16.43, compared to $16.24 as of June 30, 2026. The increase quarter over quarter was primarily due to net unrealized appreciation of investments of $12.2 million, or $0.31 per common share, and $4.8 million, or $0.12 per common share, of net investment income. These increases were partially offset by $9.6 million, or $0.24 per common share, of distributions paid to common shareholders.
The following table provides relevant information related to our notes payable and Credit Facility as of September 30, 2026:
| Interest Rate | Aggregate Principal Amount | |||||||||||||
| Notes Payable | ||||||||||||||
4.875% 2028 Notes | 4.875% | $ | 134,550 | |||||||||||
7.875% 2030 Notes | 7.875% | 126,500 | ||||||||||||
6.875% 2028 Notes | 6.875% | 60,000 | ||||||||||||
7.125% 2031 Notes | 7.125% | 100,000 | ||||||||||||
| Total Notes Payable | $ | 421,050 | ||||||||||||
Credit Facility (A) | ||||||||||||||
| Commitment amount | SOFR + 2.85% | $ | 405,000 | |||||||||||
| Borrowings outstanding at cost | $ | 299,800 | ||||||||||||
Availability(B) | $ | 105,200 | ||||||||||||
Percentage of borrowings at:(C) | ||||||||||||||
| Fixed rate | 58.4 | % | ||||||||||||
| Floating rate | 41.6 | % | ||||||||||||
(A)The Credit Facility bears interest at 30-day Term Secured Overnight Financing Rate ("SOFR").
(B)Availability is subject to various constraints, characteristics and applicable advance rates based on collateral quality under our Credit Facility, which equated to an adjusted availability of $80.4 million as of September 30, 2026.
(C)The percentage uses the Credit Facility borrowings outstanding at cost as of September 30, 2026. The fixed rate borrowings consist of the outstanding notes payable. The floating rate borrowings consist of the Credit Facility borrowings outstanding at cost.
The following table presents certain selected information regarding the debt investments of our portfolio companies as of September 30, 2026:
September 30, 2026(A)(B) | ||||||||
| Weighted average interest rate of debt investments | 13.1 | % | ||||||
| Weighted average interest rate floor of debt investments | 12.3 | % | ||||||
| Current percentage of debt investments at interest rate floor | 59.6 | % | ||||||
| Weighted average interest rate of debt investments assuming: | ||||||||
| 50 basis points increase in SOFR | 13.4 | % | ||||||
| 25 basis points increase in SOFR | 13.3 | % | ||||||
| 25 basis points decrease in SOFR | 13.0 | % | ||||||
| 50 basis points decrease in SOFR | 12.9 | % | ||||||
(A)Debt investments presented exclude line of credit commitments and all debt investments on non-accrual status as of September 30, 2026. The weighted average interest rate is based on the cost balance of the debt investments.
(B)As of September 30, 2026, 100.0% of our debt investments are variable rates with a floor and are indexed to 30-day SOFR. The interest rate is the greater of the floor or the total of SOFR plus a spread. As of September 30, 2026, we did not have any loans with a paid-in-kind interest component.
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Subsequent Events: After September 30, 2026, the following significant events occurred:
•Significant Investment Activity:
◦In October 2026, SFEG Holdings, Inc. (“SFEG”) sold its subsidiary, Specialized Fabrication Equipment Group LLC. In connection with the transaction, we received $0.5 million of success fee income and $54.6 million from the repayment at par of our debt investment. Subject to final dissolution and escrow settlements, proceeds for our remaining equity investment in SFEG, including the return of our capital and related capital gains, are expected to be distributed to us during the third or fourth quarter of the current fiscal year.
◦In October 2026, we invested an additional $3.7 million, in the form of secured first lien debt, in Smart Chemical Solutions, LLC to fund an add-on acquisition.
◦In November 2026, we invested $56.1 million in a new portfolio company, McFarlane Toys, Inc. ("McFarlane Toys"), in the form of $41.8 million of secured first lien debt and $14.3 million of preferred equity. McFarlane Toys, headquartered in Tempe, Arizona, has been a leading designer, producer, and distributor of collectible licensed action figures and statues since 1994. The Company partners with leading entertainment studios, video game publishers, sports organizations, and other intellectual property owners to develop highly detailed products across entertainment, gaming, comics, anime and sports.
•Distributions and Dividends:
◦In October 2026, our Board of Directors declared the following monthly distributions to common stockholders:
Record Date | Payment Date | Distribution per Common Share | |||||||||||||||
| October 23, 2026 | October 30, 2026 | $ | 0.08 | ||||||||||||||
| November 19, 2026 | November 30, 2026 | 0.08 | |||||||||||||||
| December 21, 2026 | December 31, 2026 | 0.08 | |||||||||||||||
| Total for the Quarter: | $ | 0.24 | |||||||||||||||
•Director Changes:
◦On October 22, 2026, Walter H. Wilkinson Jr. resigned from our Board of Directors, effective immediately. The Board of Directors elected George “Chip” Stelljes, III to succeed Mr. Wilkinson as Lead Independent Director, effective October 26, 2026. Following Mr. Wilkinson’s resignation, the Board of Directors fixed the number of directors at seven, effective October 26, 2026.
Non-GAAP Financial Measure - Adjusted Net Investment Income: On a supplemental basis, the Company discloses Adjusted net investment income, including on a weighted-average per share basis, which is a financial measure that is calculated and presented on a basis of methodology other than in accordance with GAAP. Adjusted net investment income represents net investment income, excluding capital gains-based incentive fees. The Company uses this non-GAAP financial measure internally in analyzing financial results and believes that this non-GAAP financial measure is useful to investors as an additional tool to evaluate ongoing results and trends for the Company. The Company's investment advisory agreement provides that a capital gains-based incentive fee is determined and paid annually with respect to realized capital gains (but not unrealized appreciation) to the extent such realized capital gains exceed realized capital losses and unrealized depreciation on investments for such year. However, under GAAP, a capital gains-based incentive fee is accrued if realized capital gains and unrealized appreciation of investments exceed realized capital losses and unrealized depreciation of investments. Refer to Note 4 - Related Party Transactions in our Quarterly Report on Form 10-Q for further discussion. The Company believes that Adjusted net investment income is a useful indicator of operations exclusive of any capital gains-based incentive fees, as net investment income does not include realized or unrealized investment activity associated with the capital gains-based incentive fee.
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The following table provides a reconciliation of net investment income (the most comparable GAAP measure) to Adjusted net investment income for the periods presented (dollars in thousands, except per share amounts; unaudited):
| For the quarter ended | |||||||||||||||||||||||
| September 30, 2026 | June 30, 2026 | ||||||||||||||||||||||
Amount | Per Share Amount | Amount | Per Share Amount | ||||||||||||||||||||
Net investment income | $ | 4,849 | $ | 0.12 | $ | 15,927 | $ | 0.40 | |||||||||||||||
Capital gains-based incentive fee | 2,443 | 0.06 | (5,566) | (0.14) | |||||||||||||||||||
Adjusted net investment income | $ | 7,292 | $ | 0.18 | $ | 10,361 | $ | 0.26 | |||||||||||||||
| Weighted-average shares of common stock outstanding - basic and diluted | 39,821,967 | 39,821,967 | |||||||||||||||||||||
Adjusted net investment income may not be comparable to similar measures presented by other companies, as it is a non-GAAP financial measure that is not based on a comprehensive set of accounting rules or principles and therefore may be defined differently by other companies. In addition, Adjusted net investment income should be considered in addition to, not as a substitute for, or superior to, financial measures determined in accordance with GAAP.
Conference Call: The Company will hold its earnings release conference call on Tuesday, November 10, 2026, at 8:30 a.m. Eastern Time. Please call (866) 373-3416 to enter the conference call. An operator will monitor the call and set a queue for any questions. A replay of the conference call will be available through November 17, 2026. To hear the replay, please dial (877) 660-6853 and use the playback conference number 13762360. The replay will be available after the call concludes. The live audio broadcast of the Company's quarterly conference call will also be available online at www.gladstoneinvestment.com. The event will be archived and available for replay on the Company's website.
About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
To obtain a paper copy of our Quarterly Report on Form 10-Q, filed today with the SEC, please contact the Company at 1521 Westbranch Drive, Suite 100, McLean, VA 22102, ATTN: Investor Relations. The financial information above is not comprehensive and is without notes, so readers should obtain and carefully review the Company's Form 10-Q for the quarter ended September 30, 2026, including the notes to the consolidated financial statements contained therein.
Investor Relations Inquiries: Please visit ir.gladstoneinvestment.com or call (703) 287-5893.
SOURCE: Gladstone Investment Corporation
Forward-looking Statements:
The statements in this press release regarding potential future distributions, earnings and operations of the Company are “forward-looking statements.” These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on the Company’s current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law.
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