Here are the 10-Q quarterly reports from Gladstone Capital 7 75 Notes due 2028 (GLADZ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GLADZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GLADZ filings page.
Gladstone Capital Corporation reported solid results for the three months ended March 31, 2026. Total investment income rose to $25.99 million from $21.57 million a year earlier, driven by higher interest, dividend and prepayment fee income across its lower middle market loan portfolio.
Net investment income increased to $11.84 million, or $0.52 per basic share, compared with $11.25 million, or $0.50 per share, in the prior-year period. Net assets rose slightly to $482.6 million, keeping net asset value per common share essentially stable at $21.36. Investments at fair value grew to $906.8 million, while the company redeemed $207.0 million of long-term debt and relied more on its line of credit, which stood at $199.8 million at fair value. Non-accrual loans remained modest at $28.8 million in cost, or 3.4% of the debt portfolio, with a fair value of $13.0 million.
Gladstone Capital Corporation reported steady results for the quarter ended December 31, 2025. Total investment income was $24.5 million and net investment income was $11.3 million, essentially unchanged from the prior-year quarter, supporting ongoing common and preferred distributions.
Net realized and unrealized losses of $5.3 million reduced overall profitability, leading to a net increase in net assets from operations of $5.5 million versus $27.0 million a year earlier. Net asset value per common share edged down to $21.13 from $21.34 as of September 30, 2025, reflecting distributions and valuation movements across a largely Level 3, lower-middle-market credit portfolio.