Gladstone Investment (NASDAQ: GAIN) Q1 NAV slips to $16.24 per share
Rhea-AI Filing Summary
Gladstone Investment Corporation reported first fiscal quarter results for the period ended June 30, 2026. Net investment income was $15.9 million, or $0.40 per weighted-average common share, compared with a net investment loss in the prior quarter, driven mainly by sharply lower capital gains-based incentive fee accruals and higher investment income. Total investment income was $28.4 million, up 12.6% quarter over quarter.
Adjusted net investment income, which excludes capital gains-based incentive fees, was $10.4 million, or $0.26 per share, compared with $0.20 in the prior quarter. Net asset value per common share declined to $16.24 from $16.78, reflecting $18.8 million of net unrealized depreciation, $9.0 million of net realized losses and $0.24 per share of quarterly cash distributions, partially offset by net investment income. Investments at fair value were $1.28 billion across 29 portfolio companies; debt investments carried a 12.9% weighted-average yield.
During the quarter, Gladstone Investment restructured a loan to Home Concepts Acquisition, Inc., realizing a $9.0 million loss, entered into a definitive agreement to acquire Extrude Hone LLC, repaid $127.9 million of 5.00% notes due 2026, and amended its credit facility to extend maturity to June 8, 2031 and increase capacity to $405.0 million. Subsequent to quarter end, it invested $56.5 million in DHE Computer Systems Acquisition, Inc. and $5.1 million in Global GRAB Technologies, Inc., and its board declared monthly common distributions of $0.08 per share for July, August and September 2026.
Positive
- Net investment income rebounded strongly to $15.9 million, or $0.40 per share, from a prior-quarter loss, helped by lower capital gains-based incentive fee accruals and higher investment income.
- Adjusted net investment income per share, excluding capital gains-based incentive fees, rose 30.0% quarter over quarter to $0.26, indicating improved core earnings power.
Negative
- Net asset value per share declined 3.2% to $16.24, driven by $18.8 million of net unrealized depreciation, $9.0 million of net realized losses and cash distributions.
- Total distributable earnings decreased to $160.4 million from $181.5 million, an 11.6% decline, reflecting realized and unrealized losses despite stronger net investment income.
Filing Explained
As of June 30, 2026, adjusted availability was $163.2 million; July investments were debt and preferred equity.
The August 6 8-K furnishes the company’s first-quarter results and reports that July portfolio investments used secured debt and preferred equity; its share table shows common shares unchanged at 39,821,967.
An 8-K reports specified material events; here, Item 2.02 furnishes the results release rather than filing it, while the accompanying 10-Q is the unaudited quarterly report containing interim financial and liquidity information.
In July, the DHE investment comprised
The SFEG sale remains an agreement expected to close in the third or fourth calendar quarter; the company says it expects debt repayment and a significant equity gain, but the filing does not report completion.
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, and exhibit attachments filed with this report.
Key Figures
Total investment income: $28,355
Net investment income: $15,927
Adjusted net investment income: $10,361
+5 more
8 metrics
Total investment income
$28,355
For the quarter ended June 30, 2026
Net investment income
$15,927
For the quarter ended June 30, 2026; $0.40 per share
Adjusted net investment income
$10,361
For the quarter ended June 30, 2026; $0.26 per share
Net asset value per share
$16.24
As of June 30, 2026
Total investments at fair value
$1,282,020
As of June 30, 2026, across 29 portfolio companies
Credit facility commitment
$405,000
Amended facility maturing June 8, 2031
Borrowings outstanding on credit facility
$157,600
As of June 30, 2026
Weighted-average yield on interest-bearing investments
12.9%
For the quarter ended June 30, 2026
Key Terms
net investment income, capital gains-based incentive fees, Secured Overnight Financing Rate, spillover, +1 more
5 terms
net investment income financial
"Net investment income for the quarter ended June 30, 2026 was $15.9 million"
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 fees financial
"Inclusive of $5.6 million... of capital gains-based incentive fees reversed"
A fee charged to an investment manager that is tied to the profits they generate from selling assets, so the manager earns more when the portfolio’s market value rises. Think of it as a performance bonus: it aligns the manager’s pay with investor gains but can encourage taking bigger risks or more frequent trading; investors should watch how gains are measured and when fees become payable, since timing and benchmarks affect net returns.
Secured Overnight Financing Rate financial
"The Credit Facility bears interest at 30-day Term Secured Overnight Financing Rate"
A secured overnight financing rate (SOFR) is a daily benchmark interest rate that reflects the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Think of it as the market price to “rent” cash for a day with a very safe pledge, similar to paying a short-term rental fee for money backed by government bonds. Investors track SOFR because it underpins pricing for loans, bonds and derivatives, so movements change borrowing costs, interest income and the valuation of interest-rate–linked positions.
spillover financial
"Estimated spillover per common share was $0.56 as of June 30, 2026"
non-accrual status financial
"Debt investments presented exclude line of credit commitments and 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: $28,355
quarter ended June 30, 2026
Total investment income
$28,355
up $3,163, or 12.6% versus the quarter ended March 31, 2026
Net investment income
$15,927
improved by $26,537 versus the net investment loss in the prior quarter
Adjusted net investment income per share
$0.26
increased from $0.20 per share in the prior quarter
NAV per common share
$16.24
decreased by $0.54, or 3.2%, from $16.78 as of March 31, 2026
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were Gladstone Investment (GAIN) key results for the quarter ended June 30, 2026?
Gladstone Investment reported net investment income of $15.9 million, or $0.40 per share, on total investment income of $28.4 million. Net asset value per share was $16.24 at June 30, 2026, across 29 portfolio companies.
How did Gladstone Investment (GAIN) net investment income change versus the prior quarter?
Net investment income improved to $15.9 million ($0.40 per share) from a net investment loss of $10.6 million ($0.27 per share). The swing mainly reflected sharply lower capital gains-based incentive fee accruals and higher dividend and success fee income.
What dividends did Gladstone Investment (GAIN) pay and declare around this quarter?
Common shareholders received $0.08 per share in April, May and June 2026, totaling $0.24 for the quarter. The board also declared $0.08 monthly distributions for July, August and September 2026, again totaling $0.24 for that quarter.
What is the size and status of Gladstone Investment (GAIN) credit facility and notes?
Gladstone Investment had $421.1 million of notes payable and a $405.0 million credit facility with $157.6 million drawn at June 30, 2026. The amended credit facility matures June 8, 2031 and carries interest at 30-day SOFR plus 2.85%.
What new investments did Gladstone Investment (GAIN) make after June 30, 2026?
In July 2026, Gladstone Investment invested $56.5 million in DHE Computer Systems Acquisition, Inc. and $5.1 million in Global GRAB Technologies, Inc., combining secured first lien debt and preferred equity to support growth and an add-on acquisition.
How does Gladstone Investment (GAIN) define Adjusted net investment income?
Adjusted net investment income excludes capital gains-based incentive fees from net investment income. For the quarter, it was $10.4 million ($0.26 per share) versus $7.9 million ($0.20 per share) previously, and is used to assess ongoing operating performance.
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): August 6, 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 August 6, 2026, Gladstone Investment Corporation issued a press release announcing its financial results for its first fiscal quarter ended June 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 August 6, 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 | ||||||||
Gladstone Investment Corporation Reports Financial Results for its
First Quarter Ended June 30, 2026
MCLEAN, VA, August 6, 2026: Gladstone Investment Corporation (Nasdaq: GAIN) (the "Company") today announced earnings for its first fiscal quarter ended June 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)):
| June 30, 2026 | March 31, 2026 | Change | % Change | ||||||||||||||||||||
| For the quarter ended: | |||||||||||||||||||||||
| Total investment income | $ | 28,355 | $ | 25,192 | $ | 3,163 | 12.6 | % | |||||||||||||||
Total expenses, net(A) | 12,428 | 35,802 | (23,374) | (65.3) | % | ||||||||||||||||||
Net investment income (loss) (A) | 15,927 | (10,610) | 26,537 | NM | |||||||||||||||||||
Net realized (loss) gain | (9,000) | 163 | (9,163) | NM | |||||||||||||||||||
Net unrealized (depreciation) appreciation | (18,782) | 92,821 | (111,603) | NM | |||||||||||||||||||
Net (decrease) increase in net assets resulting from operations(A) | $ | (11,855) | $ | 82,374 | $ | (94,229) | NM | ||||||||||||||||
Net investment income (loss) per weighted-average common share(A) | $ | 0.40 | $ | (0.27) | $ | 0.67 | NM | ||||||||||||||||
Adjusted net investment income per weighted-average common share(B) | $ | 0.26 | $ | 0.20 | $ | 0.06 | 30.0 | % | |||||||||||||||
Net (decrease) increase in net assets resulting from operations per weighted-average common share(A) | $ | (0.30) | $ | 2.07 | $ | (2.37) | 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 | 12.9 | % | 12.9 | % | — | % | — | % | |||||||||||||||
Total dollars invested | $ | 600 | $ | 2,300 | $ | (1,700) | (73.9) | % | |||||||||||||||
Total dollars repaid and collected from sales and recapitalization of investments | $ | — | $ | 8,513 | $ | (8,513) | (100.0) | % | |||||||||||||||
| 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 | $ | 1,282,020 | $ | 1,309,248 | $ | (27,228) | (2.1) | % | |||||||||||||||
Fair value, as a percent of cost | 122.7 | % | 124.4 | % | (1.7) | % | (1.4) | % | |||||||||||||||
Number of portfolio companies | 29 | 29 | — | — | % | ||||||||||||||||||
Net assets | $ | 646,813 | $ | 668,225 | $ | (21,412) | (3.2) | % | |||||||||||||||
Net asset value per common share | $ | 16.24 | $ | 16.78 | $ | (0.54) | (3.2) | % | |||||||||||||||
| Total distributable earnings | $ | 160,359 | $ | 181,468 | $ | (21,109) | (11.6) | % | |||||||||||||||
| Total distributable earnings per common share | $ | 4.03 | $ | 4.56 | $ | (0.53) | (11.6) | % | |||||||||||||||
| Estimated spillover | $ | 22,472 | $ | 21,283 | $ | 1,189 | 5.6 | % | |||||||||||||||
| Estimated spillover per common share | $ | 0.56 | $ | 0.53 | $ | 0.03 | 5.7 | % | |||||||||||||||
NM = Not Meaningful
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(A)Inclusive of $5.6 million, or $0.14 per weighted-average common share, of capital gains-based incentive fees reversed during the three months ended June 30, 2026 and an accrual of $18.5 million, or $0.47 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended March 31, 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 (loss) 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 June 30, 2026, the following significant events occurred:
•Portfolio Activity:
◦In June 2026, we entered into a new $3.0 million secured first lien term loan with Home Concepts Acquisition, Inc., restructuring our previously outstanding secured first lien term loan with a cost basis of $12.0 million, which resulted in a realized loss of $9.0 million.
◦In June 2026, we entered into a definitive agreement to acquire Extrude Hone LLC, a provider of precision surface-finishing solutions used in mission-critical applications, which is expected to close in the second fiscal quarter.
•Distributions and Dividends:
◦Paid an $0.08 per common share distribution to common stockholders in each of April, May and June 2026, totaling $0.24 for the quarter.
•Financing activity:
◦Repaid the 5.00% Notes due 2026 with an aggregate principal amount outstanding of $127.9 million at maturity.
◦Amended our credit facility, including extending the maturity date to June 8, 2031, increasing the total facility size from $300.0 million to $405.0 million, and reducing the base spread rate.
First Quarter Results: Net investment income for the quarter ended June 30, 2026 was $15.9 million, or $0.40 per weighted-average common share, compared to net investment loss of $10.6 million, or $0.27 per weighted-average common share, for the quarter ended March 31, 2026. This increase was a result of a decrease in total expenses, net of credits, primarily due to a decrease in accruals for capital gains-based incentive fees, partially offset by an increase in total investment income in the current quarter.
Total investment income for the quarters ended June 30, 2026 and March 31, 2026 was $28.4 million and $25.2 million, respectively. The increase quarter over quarter was primarily due to a $3.0 million increase in dividend and success fee income, the timing of which can be variable.
Total expenses, net of credits, for the quarters ended June 30, 2026 and March 31, 2026 was $12.4 million and $35.8 million, respectively. The decrease quarter over quarter was primarily due to a $24.1 million decrease 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 a $0.3 million decrease in professional fees. The decrease was partially offset by a $0.6 million increase in other expenses, a $0.3 million increase in interest expense, related to increased borrowings on the credit facility, partially offset by the redemption of the 5.00% 2026 Notes in May 2026, and a $0.2 million increase in base management fee.
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Net asset value per common share as of June 30, 2026 was $16.24, compared to $16.78 as of March 31, 2026. The decrease quarter over quarter was primarily due to net unrealized depreciation of investments of $18.8 million, or $0.47 per common share, $9.6 million, or $0.24 per common share, of distributions paid to common shareholders, and $9.0 million, or $0.23 per common share, of net realized loss on investments. These decreases were partially offset by $15.9 million, or $0.40 per common share, of net investment income.
The following table provides relevant information related to our notes payable and Credit Facility as of June 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 | $ | 157,600 | ||||||||||||
Availability(B) | $ | 247,400 | ||||||||||||
Percentage of borrowings at:(C) | ||||||||||||||
| Fixed rate | 72.8 | % | ||||||||||||
| Floating rate | 27.2 | % | ||||||||||||
(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 $163.2 million as of June 30, 2026.
(C)The percentage uses the Credit Facility borrowings outstanding at cost as of June 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 June 30, 2026:
June 30, 2026(A)(B) | ||||||||
| Weighted average interest rate of debt investments | 12.9 | % | ||||||
| Weighted average interest rate floor of debt investments | 12.1 | % | ||||||
| Current percentage of debt investments at interest rate floor | 51.8 | % | ||||||
| Weighted average interest rate of debt investments assuming: | ||||||||
| 50 basis points increase in SOFR | 13.2 | % | ||||||
| 25 basis points increase in SOFR | 13.1 | % | ||||||
| 25 basis points decrease in SOFR | 12.8 | % | ||||||
| 50 basis points decrease in SOFR | 12.7 | % | ||||||
(A)Debt investments presented exclude line of credit commitments and all debt investments on non-accrual status as of June 30, 2026. The weighted average interest rate is based on the cost balance of the debt investments.
(B)As of June 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 June 30, 2026, we did not have any loans with a paid-in-kind interest component.
3
Subsequent Events: After June 30, 2026, the following significant events occurred:
•Significant Investment Activity:
◦In July 2026, we invested $56.5 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. to fund an add-on acquisition.
◦In July 2026, our portfolio company SFEG Holdings, Inc. (“SFEG”) agreed to the sale of its subsidiary Specialized Fabrication Equipment Group LLC, which is expected to close in the third or fourth quarter of the calendar year. We expect to receive full repayment of our debt investment and realize a significant capital gain on our equity interest in SFEG.
•Distributions and Dividends:
◦In July 2026, our Board of Directors declared the following monthly distributions to common stockholders:
Record Date | Payment Date | Distribution per Common Share | |||||||||||||||
| July 24, 2026 | July 31, 2026 | $ | 0.08 | ||||||||||||||
| August 18, 2026 | August 31, 2026 | 0.08 | |||||||||||||||
| September 21, 2026 | September 30, 2026 | 0.08 | |||||||||||||||
| Total for the Quarter: | $ | 0.24 | |||||||||||||||
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 (loss), 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 (loss) income does not include realized or unrealized investment activity associated with the capital gains-based incentive fee.
The following table provides a reconciliation of net investment (loss) 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 | |||||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | ||||||||||||||||||||||
Amount | Per Share Amount | Amount | Per Share Amount | ||||||||||||||||||||
Net investment income (loss) | $ | 15,927 | $ | 0.40 | $ | (10,610) | $ | (0.27) | |||||||||||||||
Capital gains-based incentive fee | (5,566) | (0.14) | 18,533 | 0.47 | |||||||||||||||||||
Adjusted net investment income | $ | 10,361 | $ | 0.26 | $ | 7,923 | $ | 0.20 | |||||||||||||||
| Weighted-average shares of common stock outstanding - basic and diluted | 39,821,967 | 39,821,967 | |||||||||||||||||||||
4
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 Friday, August 7, 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 August 14, 2026. To hear the replay, please dial (877) 660-6853 and use the playback conference number 13760772. 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 June 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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