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Gladstone Investment Corp (GAIN)
NASDAQ:GAIN
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.21Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but stable picture: meaningful quarter-over-quarter NAV and asset growth, preserved monthly distribution, proactive balance sheet moves (debt refinancing, facility expansion), and yield-protection via floors are clear positives. Offsetting these are a sizable quarterly net investment loss driven by higher incentive fee accruals, a notable increase in operating expenses, a decline in adjusted NII per share, reduced spillover available for cash distributions, and three non-accruals that remain under management attention. Management’s tone was constructive about pipeline and liquidity, suggesting the negatives are being actively managed, but the financials show near-term earnings/expense volatility.Company Guidance
NAV and Portfolio Appreciation
Net asset value increased to $14.95 from $13.53 quarter-over-quarter, a +10.5% increase driven by $1.77 per share of net unrealized appreciation and $0.09 per share of net realized gains; aggregate portfolio valuations increased by $7.2 million.
Asset Growth and New Investments
Total assets rose to about $1.2 billion, up approximately $92 million QoQ (+~8.3%), reflecting one new buyout investment during the quarter and appreciation; fiscal 2026 YTD investments totaled $163 million across four new portfolio companies (vs $221M in all of fiscal 2025).
Maintained Monthly Distribution and Strong Distributable Base
Monthly distribution maintained at $0.08 per share ($0.96 annualized); total distributable income of $108.7 million ($2.73 per share) and history of supplemental distributions (aggregate $3.26 per share across 13 supplements over five years) support shareholder returns.
Liquidity and Balance Sheet Strength
Asset coverage ratio of 201% (well above the 130% requirement); expanded credit facility to a $300 million total commitment (added $30M from City National Bank); raised $3.2 million net via ATM; management states a strong and liquid balance sheet to support refinancing and new buyouts.
Debt Refinancing That Lowers Interest Burden
Redeemed $74.8M of 8% notes and issued $60M 6.875% notes (plus borrowings) — reducing the interest burden on ~$75M of debt by ~110 basis points; ongoing proactive liability management.
Yield Protections and Underwriting Discipline
Weighted average principal balance of interest-bearing investments rose to $699M (+$30M QoQ, +4.5%); portfolio yield modestly declined from 13.2% to 12.9% (-24 bps) in line with a 32-bp SOFR decline, and the portfolio benefits from interest rate floors (weighted average floor ~12.1%; many new debt deals underwritten with floors of 13%–13.5%; over half the debt portfolio at floors).
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 |
|---|---|---|---|
Feb 03, 2026 | $13.66 | $13.96 | +2.18% |
Nov 04, 2025 | $13.47 | $13.53 | +0.43% |
Aug 12, 2025 | $13.60 | $13.96 | +2.62% |
May 13, 2025 | $12.80 | $13.03 | +1.78% |
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 Corp (GAIN) report earnings?
Gladstone Investment Corp (GAIN) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Gladstone Investment Corp (GAIN) earnings time?
Gladstone Investment Corp (GAIN) earnings time is at May 13, 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 2026 (Q4) is 0.21.