Gladstone Investment (GAINN) Q1 2025 Earnings Report

QQ1 2025 results for Gladstone Investment Corporation 500 Notes Due 2026 (GAINN) show a mixed operating backdrop. Revenue of $22.18 million rose modestly year over year by 3.38% and surged QoQ by 146.47%, driven by portfolio activity and retained yields. Gross profit totaled $21.471 million with a robust gross margin of 96.8%, underscoring the strength of net interest income and portfolio yields in the quarter. However, the company reported a net loss of $6.526 million and an EPS of -$0.18, reflecting a heavy burden from interest expense and substantial non-cash adjustments (notably depreciation and amortization reported as a negative entry in the data) as well as significant other income/expense movements. Operating income was a very small positive $0.585 million, and EBITDA registered $0.585 million with an operating margin of 2.64%.