Gladstone Investment (GAIN)
NASDAQ:GAIN
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and balance-sheet picture: portfolio fair value and NAV showed strong growth (portfolio +34% YoY; NAV +12.2% QoQ), investment income grew for a fifth consecutive year, monthly distributions were maintained, and liquidity and leverage metrics remain conservative. Offsetting items include a quarterly net investment loss, higher operating and incentive-related expenses, modest yield compression, three nonaccruals (small in fair-value terms), a slower pace of new investments versus the prior year, and refinancing at a materially higher coupon. Management emphasized protectiveness of yields via rate floors, an active pipeline, and confidence in the distribution policy, which together with the large valuation gains and strong liquidity weigh heavily positive.Company Guidance
Significant Portfolio Fair Value Growth
Total fair value of the investment portfolio increased to $1.3 billion as of 3/31/26, a 34% increase year-over-year from $979 million, driven by 4 new buyout investments and appreciation across existing holdings.
NAV and Quarterly Valuation Gains
Net asset value (NAV) per share rose to $16.78 as of 3/31/26 from $14.95 at the prior quarter-end, a ~12.2% quarter-over-quarter increase; portfolio valuations increased by $92.5 million during the quarter due to improved operating performance and higher valuation multiples.
Fifth Consecutive Year of Growing Investment Income
Total investment income for fiscal year 2026 was $99.1 million versus $93.7 million the prior year, an increase of approximately 5.8%, primarily driven by higher interest income from growth in the debt investment portfolio.
Maintained Monthly Distribution and Supplemental Payouts
Maintained monthly distribution of $0.08 per share ($0.96 annualized) and paid $0.54 per share in supplemental distributions during fiscal 2026; since inception have paid $3.26 per share in supplemental distributions over last 5 fiscal years in addition to monthly distributions.
Strong Liquidity and Conservative Leverage
Reported an asset coverage ratio of 214% and debt-to-equity of 0.84x as of 3/31/26; ended the year with $21.3 million ($0.53 per share) in spillover income sufficient to cover the $0.08/month distribution for ~6 months, and total distributable income of $181.5 million ($4.56 per share).
Interest Rate Floors and Yield Protection
Weighted average yield of the portfolio modestly declined from 13.9% to 13.3% (63 bps decline) but was less impacted than SOFR (82 bps decline) due to interest rate floors; excluding nonaccruals and revolver, the weighted average floor was 12.1% as of 3/31/26 and new debt investments are underwritten with floors ~13.5–14%.
Active Deal Pipeline and Buyout Experience
Invested ~$163 million in four new buyout portfolio companies in fiscal 2026 (versus ~$221 million prior year). Management reports a healthy pipeline of acquisition opportunities and ability to offer both debt and equity as a competitive advantage.
Track Record of Realized Gains
Since inception (2005) invested in 66 buyout companies (~$2.2 billion aggregate), exited 33 companies and generated approximately $354 million in net realized gains and $45 million in other income on exit.
GAIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GAIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $16.84 | $15.66 | -6.97% |
Feb 03, 2026 | $13.45 | $13.74 | +2.18% |
Nov 04, 2025 | $13.27 | $13.32 | +0.44% |
Aug 12, 2025 | $13.39 | $13.74 | +2.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Gladstone Investment (GAIN) report earnings?
Gladstone Investment (GAIN) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Gladstone Investment (GAIN) earnings time?
Gladstone Investment (GAIN) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GAIN EPS forecast?
GAIN EPS forecast for the fiscal quarter 2027 (Q1) is 0.22.