ACCESS Newswire·Nov 9, 2026, 4:15 PM ET

Gladstone Investment Corporation Reports Financial Results for its Second Quarter Ended September 30, 2026

GAIN

Gladstone Investment Corporation reported second fiscal quarter 2026 earnings ended September 30, 2026, with total investment income of $24.163 million, down 14.8% from the prior quarter.
Total expenses, net, rose 55.4% to $19.314 million primarily due to $2.4 million in accrued capital gains-based incentive fees & higher interest expense.
Net investment income declined 69.6% to $4.849 million ($0.12 per share) from $15.927 million ($0.40 per share) in the prior quarter.
Adjusted net investment income was $7.292 million ($0.18 per share), excluding capital gains-based incentive fees, down 30.8% from $10.361 million in the prior quarter.
Net unrealized appreciation was $12.214 million, contrasting with a $18.782 million net unrealized depreciation in the prior quarter.
Net asset value per common share increased 1.2% to $16.43 as of September 30, 2026, from $16.24 in the prior quarter.
The company invested $56.4 million in new portfolio company DHE Computer Systems Acquisition, Inc. in July 2026.
Additional investments were made in Global GRAB Technologies ($20.9 million total), Detroit Defense ($18.6 million), Extrude Hone LLC ($58.6 million), Smart Chemical Solutions ($3.7 million), McFarlane Toys ($56.1 million), SFEG Holdings repayment ($54.6 million), success fees ($0.5 million), \& other add-ons.
Portfolio companies increased to 31 from 29, with total investments at fair value rising 11.6% to $1.431 billion.
Weighted-average yield on interest-bearing investments was 13.0% for the quarter.
Cash distributions of $0.24 per share were paid for the quarter ($0.08 monthly for July, August, September).
New distributions of $0.08 per share were declared for October, November, December 2026.
Total borrowings include $421.05 million in notes payable, $299.8 million in Credit Facility borrowings, \& $105.2 million in availability.
Walter H. Wilkinson Jr. resigned from the Board of Directors on October 22, 2026, replaced by George "Chip" Stelljes, III as Lead Independent Director.
The Board fixed the number of directors at seven effective October 26, 2026.
A conference call regarding these results is scheduled for November 10, 2026, at 8:30 a.m. Eastern Time.

Company: Gladstone Investment Corporation
Keywords: Real Estate, Earnings