Quick answer: latest quarter results, by ticker or company name

Reported Q: Q4 2025 Rev YoY: +186.0% EPS YoY: -304.8% Move: +0.36%

Gladstone Investment

GAIN

$13.94 0.36%

Exchange NASDAQ Sector Financial Services Industry Asset Management

Q4 2025

Published: May 13, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for GAIN

Reported

Report Date

May 13, 2025

Quarter Q4 2025

Revenue

25.74M

YoY: +186.0%

EPS

-1.29

YoY: -304.8%

Market Move

+0.36%

Previous quarter: Q3 2025

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Earnings Highlights

Revenue of $25.74M up 186% year-over-year
EPS of $-1.29 decreased by 304.8% from previous year
Gross margin of 65.1%
Net income of 17.87M
""adjusted net investment income of $35.5 million or $0.97 per share, fully covering our annual regular monthly distribution of $0.96 per share"" - Taylor Ritchie

GAIN

Gladstone Investment Corporation

Period Q4 2025

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

Gladstone Investment Corporation (GAIN) delivered a constructive QQ4 2025 performance with meaningful year-over-year improvements in operating metrics and a resilient capital structure aligned to its buyout-focused, yield-driven strategy. For the fiscal year ended March 31, 2025, the company reported adjusted net investment income (NII) of $0.97 per share, comfortably covering the annual dividend of $0.96 per share, and increased the fair value of its portfolio to $979 million. Realized gains from exits contributed to portfolio value dynamics, while ongoing portfolio management and disciplined liquidity management supported a structurally robust balance sheet.

Key Performance Indicators

Revenue

Increasing

25.74M

QoQ: -38.81% | YoY: 186.04%

Gross Profit

Increasing

16.76M

65.11% margin

QoQ: -53.04% | YoY: 1 412.37%

Operating Income

Decreasing

17.87M

QoQ: -53.56% | YoY: -39.83%

Net Income

Decreasing

17.87M

QoQ: -53.56% | YoY: -20.86%

EPS

Decreasing

-1.29

QoQ: -222.86% | YoY: -304.76%

Revenue Trend

Margin Analysis

Financial Highlights

- Revenue (Q4 2025): $25.741 million; YoY +186.0%, QoQ -38.8%
- Gross profit: $16.759 million; YoY +1,412.4%, QoQ -53.0%
- Operating income: $17.873 million; YoY -39.8%, QoQ -53.6%
- Net income: $17.873 million; YoY -20.9%, QoQ -53.6%
- EPS (GAAP): -$1.29; YoY -304.8%, QoQ -222.9%
- Adjusted NII (FY end): $35.5 million or $0.97 per share; fully covers $0.96 annual distribution
- NAV per share at 3/31/2025: $13.55 vs. $13.30 prior quarter
- NAV growth drivers: net realized gains of $0.57 per share and $0.20 per share from net investment income; offset by $0.28 share unrealized depreciation
- Spillover cash (spillover): $55.3 million or $1.50 per share; supports current monthly distribution of $0.08 and a $0.54 supplemental distribution
- Liquidity: $214 million available on line of credit; $126.5 million notes issued; total debt to capitalization ~0.477; asset coverage 204%
- Distributions: annual run rate of $0.96 per share plus supplemental distributions; estimated FY distributions yield ~11.3% at a $14.05 close price

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	25.74M	186.04%	-38.81%
Gross Profit	16.76M	1 412.37%	-53.04%
Operating Income	17.87M	-39.83%	-53.56%
Net Income	17.87M	-20.86%	-53.56%
EPS	-1.29	-304.76%	-222.86%

Key Financial Ratios

Gross Profit Margin

Excellent

65.10%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

69.40%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

69.40%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Weak

1.78%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.58%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.05

Current ratio below safe levels, potential liquidity risk

Debt to Equity

Elevated

0.91

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Value

6.86x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.98x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	23.54	0.21	+6.2%	View
Q4 2025	25.74	-1.29	+186.0%	View
Q3 2025	42.07	1.05	-36.8%	View
Q2 2025	21.88	0.42	+6.4%	View
Q1 2025	22.18	-0.18	+3.4%	View

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Gladstone Investment Corporation (GAIN) QQ3 2025 Results: Profitability Amid Portfolio Deployment in a Tight Liquidity Environment...

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Q2 2025 Report

Gladstone Investment Corporation (GAIN) QQ2 2025 Results — Moderate Revenue Growth with Active Deployment, Strong Liquidity and Ongoing Supplemental...

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Q1 2025 Report

Gladstone Investment Corporation (GAIN) QQ1 2025 Results: NAV Pressure from Non-Accruals, Stable Monthly Distributions, and an Active Acquisition Pipe...

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Gladstone Investment (GAIN) Q4 2025 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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Sector Analysis: Financial Services

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