Earnings Releases·Nov 9, 2026, 4:25 PM ET

Gladstone Investment Corporation — Second Quarter 2026 Earnings Summary

Net investment income fell 69.6% quarter-over-quarter to $4.8 million ($0.12/share), while total investment income declined 14.8% to $24.2 million, driven by a 55.4% surge in total expenses to $19.3 million due to higher accrued capital gains-based incentive fees and interest costs.
Net asset value per share rose 1.2% to $16.43, reversing a prior quarter loss with a $17.1 million net increase in assets from operations, supported by $12.2 million in net unrealized appreciation and a 4.5% increase in distributable earnings to $167.6 million.
Portfolio growth continued with total investments at fair value increasing 11.6% to $1.43 billion across 31 companies, including $156.5 million in new investments and $54.6 million in debt repayments from SFEG Holdings.
The company expects proceeds from its remaining SFEG Holdings equity investment to be distributed in Q3 or Q4 2026, while maintaining a monthly distribution rate of $0.08 per share for the fourth quarter.
Governance changes include the resignation of Walter H. Wilkinson Jr. from the Board, succeeded by George "Chip" Stelljes, III, with the board size fixed at seven directors.