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) Q2 2026 Earnings

Reported Nov 4, 2025, 4:35pm ET · SEC source
$0.24
Beat +5.26%
EPS · est. $0.23
$25.3M
Beat +2.85%
Revenue · est. $24.6M
−0.4%
Trailing market
GAIN vs S&P since report
1 quarter
Consecutive EPS beats

How Did GAIN Stock React to Q2 2026 Earnings?

% change · around the report
−0.8%0+0.8%Nov 4Nov 5report 4:35pm ETearnings+0.4%+1.4%
−0.8%0+0.8%Nov 4Nov 5earnings+0.4%+1.4%
GAIN +1.4%S&P 500 +0.4%
−0.8%0+0.8%Nov 4Nov 5report 4:35pm ETearnings+0.6%+1.4%
−0.8%0+0.8%Nov 4Nov 5earnings+0.6%+1.4%
GAIN +1.4%NASDAQ +0.6%
−2%0+2%Nov 3Nov 12report 4:35pm ETearnings+1.1%+1.4%
−2%0+2%Nov 3Nov 12earnings+1.1%+1.4%
GAIN +1.4%S&P 500 +1.1%
−2%0+2%Nov 3Nov 12report 4:35pm ETearnings+0.3%+1.4%
−2%0+2%Nov 3Nov 12earnings+0.3%+1.4%
GAIN +1.4%NASDAQ +0.3%
+0.44%
Day of report
+0.36%
Next session
+0.94%
One week
+0.51%
30 days

S&P 500 over the same 30 days: +0.89%.

Did GAIN Beat Earnings? Q2 2026 Results

Yes. Gladstone Investment reported Q2 2026 earnings of $0.24 a share on Nov 4, 2025, beating the $0.23 consensus estimate by 5.3%. Revenue was $25.3M against a $24.6M estimate.

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 · SEC filings Q2 2025 Q2 2026
$0$7.0M$14.0M$21.0M$21.9M$25.3MRevenue$15.5M$4.3MNet Income
$0$7.0M$14.0M$21.0MRevenueNet Income
GAIN income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $25.3M $21.9M +15.5%
Net Income $4.3M $15.5M −72.4%

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