Companies /Financial Services
Gladstone Investment Corporation
NASDAQ: GAIN Asset Management
$15.14
▼ $0.18 (−1.17%) today
Markets closed · 5:55pm ET

Gladstone Investment (GAIN) Q1 2026 Earnings

Reported Aug 12, 2025, 4:34pm ET · SEC source
$0.24
Beat +6.19%
EPS · est. $0.23
$23.5M
Miss −3.00%
Revenue · est. $24.3M
−5.7%
Trailing market
GAIN vs S&P since report
1 quarter
Consecutive EPS beats

How Did GAIN Stock React to Q1 2026 Earnings?

% change · around the report
0+0.9%+1.8%+2.7%Aug 12Aug 13report 4:34pm ETearnings+0.4%+2.6%
0+0.9%+1.8%+2.7%Aug 12Aug 13earnings+0.4%+2.6%
GAIN +2.6%S&P 500 +0.4%
0+0.9%+1.8%+2.7%Aug 12Aug 13report 4:34pm ETearnings+0.1%+2.6%
0+0.9%+1.8%+2.7%Aug 12Aug 13earnings+0.1%+2.6%
GAIN +2.6%NASDAQ +0.1%
0+3%+6%Aug 11Aug 20report 4:34pm ETearnings−0.7%−0.9%
0+3%+6%Aug 11Aug 20earnings−0.7%−0.9%
GAIN −0.9%S&P 500 −0.7%
−3%0+3%+6%Aug 11Aug 20report 4:34pm ETearnings−2.5%−0.9%
−3%0+3%+6%Aug 11Aug 20earnings−2.5%−0.9%
GAIN −0.9%NASDAQ −2.5%
+2.61%
Day of report
−0.48%
Next session
−3.44%
One week
−3.17%
30 days

S&P 500 over the same 30 days: +2.48%.

Did GAIN Beat Earnings? Q1 2026 Results

Yes. Gladstone Investment reported Q1 2026 earnings of $0.24 a share on Aug 12, 2025, beating the $0.23 consensus estimate by 6.2%. Revenue was $23.5M against a $24.3M estimate.

Gladstone Investment posted a mixed first fiscal quarter for 2026, edging past earnings expectations while falling short on revenue. The business development company reported adjusted net investment income of $0.24 per share, beating the $0.23 consensus estimate by 6.19%, even as total investment income of $23.54 million came in 3.00% below the $24.27 million analysts had expected. The earnings beat was driven primarily by a sharp pullback in expenses, which fell to $14.46 million from $20.32 million in the prior quarter, reflecting lower incentive fee accruals and reduced interest costs on the credit facility rather than top-line momentum. Total investment income itself declined 14.5% sequentially, weighed down by the absence of success fees and dividend income that had boosted the prior period. Net asset value per share slipped to $12.99 from $13.55, largely reflecting $28.80 million in distributions paid to shareholders. On the portfolio side, the company deployed capital into new positions while total investments at fair value grew to $1.04 billion across 27 companies.

Key Takeaways
  • Decrease in total expenses driven by lower capital gains-based incentive fee accruals and income-based incentive fees
  • Decrease in interest expense due to reduced borrowings on the credit facility
  • Collection of $1.5 million of past due interest from a portfolio company previously on non-accrual status
  • Weighted-average yield on interest-bearing investments increased to 14.1% from 13.2% in the prior quarter

GAIN YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$7.0M$14.0M$21.0M$186,000$23.5MRevenue$2.4M$7.8MNet Income
$0$7.0M$14.0M$21.0MRevenueNet Income
GAIN income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $23.5M $186,000 +12,558.1%
Net Income $7.8M $2.4M +219.1%

Figures from SEC filings and company reports. Not investment advice.