Reported Q: Q3 2025 Rev YoY: -36.8% EPS YoY: +452.6% Move: +0.15%
Gladstone Investment
GAINL
$25.22 0.15%
Exchange NASDAQ Sector Financial Services Industry Asset Management
Q3 2025
Published: Feb 12, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for GAINL

Reported

Report Date

Feb 12, 2025

Quarter Q3 2025

Revenue

42.07M

YoY: -36.8%

EPS

1.05

YoY: +452.6%

Market Move

+0.15%

Previous quarter: Q2 2025

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Earnings Highlights

  • Revenue of $42.07M down 36.8% year-over-year
  • EPS of $1.05 increased by 452.6% from previous year
  • Gross margin of 84.8%
  • Net income of 38.49M
  • "N/A" - N/A
GAINL
Gladstone Investment Corporation

Executive Summary

Gladstone Investment Corporation delivered a quarter (QQ3 2025) characterized by a sharp YoY revenue decline but a meaningful QoQ rebound in profitability metrics. Revenue for QQ3 2025 stood at $42.07 million, down 36.8% from the prior-year quarter, while gross profit reached $35.685 million with a robust gross margin of 84.8%. Operating income and net income were both $38.49 million, implying stable margins (operating margin ~91.5%) and a flat tax posture (no income tax expense recorded). Earnings per share were $1.05 on a weighted average share count of ~36.73 million. The quarter’s profitability was accompanied by a strong cash earnings print in GAAP terms but a markedly negative cash flow from operations (CFO) of approximately -$171.86 million, driven by large non-cash items and heavy investing activity. Net cash provided by financing activities offset investing cash outflows, yielding a small net change in cash of $0.47 million and ending cash of $3.15 million. The balance sheet shows substantial long-term investments (~$1.07 billion) and a relatively high short-term debt position (~$455 million), underpinning a leveraged financial position with a debt-to-equity of ~0.93 and a debt-to-capitalization of ~0.481. While liquidity metrics are weak (current and quick ratios around 0.02), the company maintains an attractive dividend yield (~7.1%) with a payout ratio near 89.6%, consistent with a regulated closed-end fund seeking to meet income expectations. Management commentary is not included in the provided transcript dataset, limiting direct quotes; as such, the narrative relies on reported numbers and implied portfolio dynamics. Investors should weigh the compelling earnings print against the cash-flow headwinds and balance-sheet leverage, and monitor portfolio realizations and financing conditions in the near term.

Key Performance Indicators

Revenue
Decreasing
42.07M
QoQ: 92.25% | YoY: -36.78%
Gross Profit
Decreasing
35.69M
84.82% margin
QoQ: 130.46% | YoY: -32.93%
Operating Income
Increasing
38.49M
QoQ: 148.61% | YoY: 92.96%
Net Income
Increasing
38.49M
QoQ: 148.61% | YoY: 485.04%
EPS
Increasing
1.05
QoQ: 150.00% | YoY: 452.63%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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