GLADSTONE INVESTMENT CORPORATION\DE GAIN

Nasdaq

We were incorporated under the General Corporation Law of the State of Delaware on February 18, 2005. On June 22, 2005, we completed our initial public offering and commenced operations. We operate as an externally managed, closed-end, non-diversified management investment company and have elected to be treated as a BDC under the Investment Company Act of 1940, as amended (the "1940 Act"). For U.S. federal income tax purposes, we have elected to be treated as a RIC under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). To continue to qualify as a RIC for U.S. federal income tax purposes and obtain favorable RIC tax treatment, we must meet certain requirements, including certain minimum distribution requirements.

Last close 14.68 2026-10-23
Market cap $584.6M 2026-06-30 share count
52-week range 13.11 - 17.14

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield9.8%
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Pre-tax income $184.8M$65.3M$85.3M$35.5M$102.3M$42.5M————
Income tax $0$0$0$0$0$0————
Net income $184.8M$65.3M$85.3M$35.5M$102.3M$42.5M————
EPS, basic —0.760.631.110.450.54————
EPS, diluted —0.760.631.110.450.54————
Shares, diluted (wtd. avg.) 38.7M36.7M34.5M33.3M33.2M33.2M32.9M32.8M32.3M30.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.4M$15.2M$3.2M$3.2M$14.5M$2.4M$4.1M———
Total assets $1.32B$1.01B$938.1M$765.6M$740.4M—————
Long-term debt $564.5M$455.7M$398.3M$292.6M$261.3M—————
Total liabilities $654.6M$507.3M$445.4M$325.9M$294.6M—————
Retained earnings $181.5M$53.5M$48.0M$37.9M$47.8M—————
Total equity $668.2M$499.1M$492.7M$439.7M$445.8M$382.4M$369.0M———

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$101.6M$16.3M-$69.9M-$4.5M$36.6M-$29.7M————
Financing cash flow $88.8M-$4.4M$69.9M-$6.7M-$24.5M$28.1M————
Dividends paid $57.2M$61.0M$76.1M$47.0M$38.9M$30.9M————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001321741-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M 200M Net income, FY2020: 42.5M Net income, FY2021: 102.3M Net income, FY2022: 35.5M Net income, FY2023: 85.3M Net income, FY2024: 65.3M Net income, FY2025: 184.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income — — — — $42.5M $102.3M $35.5M $85.3M $65.3M $184.8M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.