Gladstone Capital (GLAD)
NASDAQ:GLAD
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.48Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The quarter showed a number of substantive positives: NAV accretion, net investment income coverage of the dividend, a strong pipeline and fresh originations, substantial liquidity, and a conservative, first‑lien‑weighted portfolio with no software exposure. Offsetting items were modest: a small decline in interest income and portfolio yield due to lower short-term rates, higher operating costs, and three non‑earning positions marked down versus cost. Management’s forward commentary emphasized disciplined origination, stable spreads (~7%), and confidence in dividend coverage and growth opportunities in the lower middle market.Company Guidance
Stable Funding and New Originations
Fundings for the quarter totaled $44 million (3 new PE-sponsored investments of $34M plus $10M of add-ons). Since quarter-end the firm funded 2 new portfolio companies totaling $44 million of senior secured debt, supporting modest asset growth.
Healthy Liquidity and Conservative Leverage
Line of credit facility totals $365 million with borrowing availability of more than $150 million at quarter-end. Gross leverage/net debt is around 91.8%/92% of NAV, described as a conservative position to support floating-rate assets.
Net Investment Income and Dividend Coverage
Net investment income was $11.8 million for the quarter (up $574,000 from prior quarter) and represented 116% of cash distributions per common share; monthly distributions for May and June are $0.15 per share (annualized $1.80), producing a yield of about 9.4% at the recent common price.
NAV and Balance Sheet Appreciation
Net assets increased to $483 million (+$5.3 million QoQ) and NAV per share rose from $21.13 to $21.36 (+~1.1%). The net increase in net assets from operations was $15.5 million, or $0.68 per share for the quarter.
Net Portfolio Appreciation Driven by Select Holdings
Net portfolio appreciation of $4.2 million was recorded, largely driven by unrealized appreciation in three larger portfolio companies that continue to scale.
Income Mix and Yield Profile
Weighted average yield on the interest-bearing portfolio remains robust at 11.8% (despite a 40 basis point decline QoQ). Closing spreads on recently completed transactions averaged roughly 7% last quarter.
Lower-Risk Investment Mix and Sector Positioning
First-lien debt comprised ~70% and total debt investments ~90% of portfolio cost. Management highlighted a decline in healthcare concentration, no software exposure (reducing repricing risk), and strong originations demand in precision manufacturing.
Other Income Improvement
Other income was $2.8 million, up $2.2 million QoQ, driven by prepayment fees and a one-time dividend distribution.
GLAD 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
GLAD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $19.06 | $19.83 | +4.06% |
Feb 04, 2026 | $19.78 | $18.66 | -5.68% |
Nov 17, 2025 | $17.90 | $18.94 | +5.80% |
Aug 04, 2025 | $24.83 | $24.66 | -0.71% |
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 Capital (GLAD) report earnings?
Gladstone Capital (GLAD) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Gladstone Capital (GLAD) earnings time?
Gladstone Capital (GLAD) 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 GLAD EPS forecast?
GLAD EPS forecast for the fiscal quarter 2026 (Q3) is 0.48.