Gladstone Investment Corporation — Second Quarter 2026 Earnings Summary

Gladstone Investment Corporation reported net investment income of $4.8 million, or $0.12 per share, for the second quarter ended September 30, 2026, a decrease from $15.9 million in the prior quarter. Total investment income declined to $24.2 million due to a $5.6 million reduction in success fee income, while total expenses rose to $19.3 million primarily from increased accruals for capital gains-based incentive fees. The company's net asset value per common share increased to $16.43, driven by $12.2 million in net unrealized appreciation and $4.8 million in net investment income. During the quarter, the firm invested approximately $154.5 million across new and existing portfolio companies, including DHE Computer Systems and Extrude Hone, and paid a total distribution of $0.24 per share.