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GLADSTONE INVESTMENT CORPORATION\DE (GAIN)

As-reported financials and SEC filings for GLADSTONE INVESTMENT CORPORATION\DE. The latest annual period is FY2026. The latest reported quarter is Q1 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About GLADSTONE INVESTMENT CORPORATION\DE

Gladstone Investment Corporation is a publicly traded business development company that invests in debt and equity securities of established private businesses in the United States. It primarily targets lower middle market companies with annual EBITDA between $5 million and $25 million, focusing on secured first and second lien debt securities as well as preferred and common equity investments. The company aims to generate current income and long-term capital appreciation by providing financing for management buyouts, growth capital, acquisitions, and recapitalizations.

Snapshot

Revenue
Revenue growth (YoY)
Net income
$184.8M
Diluted EPS
Gross margin
Operating margin
Net margin
FCF margin
ROE
27.6%
net income / fiscal-year-end equity
P/E
3.8×
trailing when available, otherwise FY EPS
Market cap
Long-term debt / equity
0.84×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended March 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Gladstone Investment Corporation\de

  • Net income rose 182.8% to $185M in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Gladstone Investment Corporation\de’s fundamentals sit among the 51 business development companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

ROE27.6%
Highest of 48
P/E3.8×
3rd percentile of 38
Long-term debt / equity0.84×
9th percentile of 33
Short interest1.89d
13th percentile of 49

Gladstone Investment Corporation\de’s return on equity of 27.6% is the highest of the 48 business development companies reporting it. Gladstone Investment Corporation\de’s P/E of 3.8 ranks in the 3rd percentile of the 38 peers with a meaningful P/E. Gladstone Investment Corporation\de’s long-term debt to equity of 0.84 ranks in the 9th percentile of the 33 business development companies reporting it.

1 reported insider purchase (code P) totaling $24,300 in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among business development company peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+2 quant / multi-strat
Initiated / added
1
1 new, 0 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$9.6M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$9.0M584.1KReduced
Citadel AdvisorsquantQ2 2026$581,18837.6KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$24K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-18
filed 2026-08-19
Ritchie TaylorChief Financial OfficerBuy1.5K$16.20$24K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
451.6K
settled 2026-08-14
Change vs prior
-18.8%
vs previous settlement
Days to cover
1.89
at avg daily volume
Avg daily volume
239.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14451.6K-18.8%1.89
2026-07-31555.9K-21.4%3.34
2026-07-15707.1K+7.2%3.24

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue
Gross profit
Operating income
Net income$184.8M$65.3M$85.3M$35.5M$102.3M
Diluted EPS$0.76$0.63$1.11$0.45

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$2.4M$15.2M$3.2M$3.2M$14.5M
Current assets
Total assets$1.32B$1.01B$938.1M$765.6M$740.4M
Current liabilities
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
Total equity$668.2M$499.1M$492.7M$439.7M$445.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$-101.6M$16.3M$-69.9M$-4.5M$36.6M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2027$-11.9M
Q4 FY2026$82.4M
Q3 FY2026$65.9M
Q2 FY2026$28.7M
Q1 FY2026$7.8M
Q4 FY2025$17.9M
Q3 FY2025$38.5M
Q2 FY2025$15.5M$0.20

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorFinancials
Latest annual periodFY2026 (ended March 31, 2026)
Latest reported quarterQ1 FY2027 (ended June 30, 2026)
Oldest indexed filing2005
SEC CIK1321741

Selected SEC filings

10-K2026-05-12
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-02-03
View on EDGAR →
10-Q2025-11-04
View on EDGAR →
10-Q2025-08-12
View on EDGAR →
8-K2026-09-04
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-08-06
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.