Q2 26 EPS
$0.24
BEAT +5.26%
Est. $0.23
Q2 26 Revenue
$25.3M
BEAT +2.85%
Est. $24.6M
vs S&P Since Q2 26
+6.6%
BEATING MARKET
GAIN +16.7% vs S&P +10.1%
Market Reaction
Did GAIN Beat Earnings? Q2 2026 Results
Gladstone Investment Corporation delivered a clean beat to open its fiscal second quarter results, with adjusted earnings per share of $0.24 edging past the $0.23 consensus estimate by 5.26%, while total investment income of $25.28 million topped exp… Read more Gladstone Investment Corporation delivered a clean beat to open its fiscal second quarter results, with adjusted earnings per share of $0.24 edging past the $0.23 consensus estimate by 5.26%, while total investment income of $25.28 million topped expectations by 2.85% and climbed 15.5% year over year. The primary engine behind the quarter's momentum was a $67.60 million deployment into Global GRAB Technologies, a perimeter security and hostile vehicle mitigation systems provider, funded through $46.50 million in secured first lien debt and $21.10 million of preferred equity, underscoring the firm's continued appetite for complex, multi-tranche deals. On a GAAP basis, net investment income fell sharply to $0.11 per share due to a $4.90 million accrual for capital gains-based incentive fees not yet contractually due, though the adjusted figure held steady at $0.24 per share. Net asset value per share rose to $13.53, supported by $54.50 million in net unrealized appreciation, as the company's portfolio at fair value reached $1.13 billion across 28 companies.
Key Takeaways
- • Increase in weighted-average principal balance of interest-bearing investment portfolio driving higher interest income
- • Net unrealized appreciation of $54.5 million boosting NAV per share
- • $4.9 million capital gains-based incentive fee accrual significantly reduced GAAP net investment income
- • Increased borrowings on credit facility drove higher interest expense
- • $29.9 million realized loss on J.R. Hobbs restructuring offset by $19.1 million reversal of unrealized depreciation
GAIN YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
GAIN Earnings Trends
GAIN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GAIN EPS Trend
Earnings per share: estimate vs actual
GAIN Revenue Trend
Quarterly revenue: estimate vs actual
GAIN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 MISS FY | $0.21 | $-0.27 | -227.06% | $25.2M | -2.35% |
| FY Full Year | — | $-0.10 | — | $99.1M | — |
| Q3 26 MISS | $0.23 | $0.21 | -7.69% | $25.1M | -2.42% |
| Q2 26 BEAT | $0.23 | $0.24 | +5.26% | $25.3M | +2.85% |
| Q1 26 BEAT | $0.23 | $0.24 | +6.19% | $23.5M | -3.00% |
| Q4 25 BEAT FY | $0.23 | $0.26 | +11.11% | $27.5M | +6.39% |
| FY Full Year | $0.84 | $0.97 | +14.93% | $93.7M | +2.51% |