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Gladstone Investment

Gladstone Investment (GAIN) Q4 2025 Earnings

Reported May 13, 2025 at 4:34 PM ET · SEC Source

Q4 25 EPS

$0.26

BEAT +11.11%

Est. $0.23

Q4 25 Revenue

$27.5M

BEAT +6.39%

Est. $25.9M

vs S&P Since Q4 25

-5.8%

TRAILING MARKET

GAIN +22.0% vs S&P +27.8%

Full Year 2025 Results

FY 25 EPS

$0.97

BEAT +14.93%

Est. $0.84

FY 25 Revenue

$93.7M

BEAT +2.51%

Est. $91.4M

Market Reaction

Did GAIN Beat Earnings? Q4 2025 Results

Gladstone Investment delivered a strong beat to close out fiscal 2025, with adjusted earnings per share of $0.26 topping the $0.23 consensus estimate by 13.04% and revenue of $27.55 million edging past the $27.23 million forecast by 1.17%, even as to… Read more Gladstone Investment delivered a strong beat to close out fiscal 2025, with adjusted earnings per share of $0.26 topping the $0.23 consensus estimate by 13.04% and revenue of $27.55 million edging past the $27.23 million forecast by 1.17%, even as total investment income slipped 2.8% from the year-ago period. The standout driver was the company's exit of its Nocturne Luxury Villas investment, which generated $3.50 million in success fee income and a $19.80 million realized gain on preferred equity, while also triggering repayment of $85.60 million in debt at par. That single transaction powered a 28.9% sequential surge in total investment income and lifted net investment income to $7.23 million from just $1.16 million in Q3. NAV per share climbed to $13.55, up from $13.30 sequentially, and the board subsequently declared a $0.78 per share distribution for the coming quarter, including a $0.54 supplemental payment scheduled for June 13, 2025.

Key Takeaways

  • • Exit of Nocturne Luxury Villas generating $3.5 million in success fee income and $19.8 million realized gain on preferred equity
  • • $5.2 million quarter-over-quarter increase in dividend and success fee income
  • • $0.9 million increase in interest income from larger weighted-average principal balance of interest-bearing investments
  • • Recapitalization of Educators Resource generating $1.8 million in dividend income
  • • Decrease in capital gains-based incentive fees of $5.3 million quarter over quarter
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GAIN YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

Back to GAIN Stock Page