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Gladstone Capital Corp (GLAD)
NASDAQ:GLAD
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.49Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a number of tangible positives: solid quarterly fundings and net originations, a robust late-stage pipeline (> $100M), improved liquidity ($150M+ available on a $365M revolver), modest growth in interest income, an $11.3M net investment income result, and management actions to reduce funding costs and align floating-rate borrowings to asset sensitivity. Offsetting these positives are meaningful unrealized losses of $5.3M concentrated in a few credits, a modest decline in NAV, rising PIK exposure in select positions, increased expenses, and elevated leverage (~93% of net assets). Management articulated clear mitigation levers for rate declines and portfolio remediation plans, and the balance of news suggests the company is fundamentally stable with manageable near-term headwinds rather than structural deterioration.Company Guidance
Strong Fundings and Net Originations
Fundings for the quarter totaled $99.1 million, including two new private-equity sponsored investments totaling $37.8 million and $61.3 million of additional advances to existing portfolio companies. Exits and prepayments were $52.8 million, resulting in net originations of $46.3 million for the quarter.
Robust Near-Term Pipeline
Management reported a late-stage pipeline in excess of $100 million (vetted, awarded, or in diligence/documentation), expected to more than offset recent repayments and support continued originations.
Interest Income and Asset Growth
Interest income rose to $23.9 million (up $0.1 million or ~1%), driven by average earning assets rising $20.3 million (up ~3%), with a weighted average debt yield of 12.2% for the period.
Net Investment Income and EPS
Net investment income was $11.3 million, or $0.50 per share, and the net increase in net assets from operations was $5.5 million, or $0.24 per share for the quarter.
Strong Liquidity and Borrowing Availability
Total credit facility of $365 million with borrowing availability in excess of $150 million after repayments, and management increased floating-rate borrowings to better match asset sensitivity.
Balance Sheet Size and Investment Base
Total assets increased to $923 million with $903 million in investments at fair value and $20 million in cash and other assets, demonstrating a sizeable investment base.
Dividend Run Rate and Yield
Monthly distributions of $0.15 for February and March imply an annual run rate of $1.80 per share; at the recent common share price (~$20.44) this produces a yield of ~8.8%.
Improved Funding Cost Position
Management reduced commitment fee run-rate materially (from ~$2.6 million last year to roughly ~$1 million presently), generating roughly $1.6 million in annualized savings and helping offset potential margin compression.
Notable Prepayment Recovery
Post-quarter the company experienced a significant prepayment from Vets Choice of $42.8 million, which generated a prepayment fee of $855,000 and increased available liquidity.
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 |
|---|---|---|---|
Feb 04, 2026 | $20.27 | $19.12 | -5.68% |
Nov 17, 2025 | $18.35 | $19.42 | +5.80% |
Aug 04, 2025 | $25.45 | $25.28 | -0.70% |
May 06, 2025 | $23.47 | $23.41 | -0.24% |
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 Corp (GLAD) report earnings?
Gladstone Capital Corp (GLAD) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Gladstone Capital Corp (GLAD) earnings time?
Gladstone Capital Corp (GLAD) earnings time is at May 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 (Q2) is 0.49.