The earnings call presented a mixed performance for Gladstone Capital Corporation. While there were stable interest income and promising future pipeline deals, challenges included negative net originations and a decline in net assets. The company's balance sheet remains strong, providing a foundation for future growth despite short-term setbacks.

Company Guidance -

Q3 2025

During the second quarter earnings call for Gladstone Capital Corporation, the company provided detailed financial metrics and guidance for the period ending March 31, 2025. Fundings totaled $46 million, while exits and repayments were elevated at $81 million, resulting in net negative originations of $35 million. Interest income remained steady at $21.3 million despite a decrease in the weighted average portfolio yield to 12.6%, influenced by a 36 basis point decline in average SOFR rates. Expenses decreased by $400,000, leading to net investment income of $11.2 million. The company reported net realized gains of $7.7 million and an ROE of 18.6% for the trailing twelve months. The portfolio's senior debt represented 71% of its fair value, while total debt holdings accounted for over 90%. The company's leverage stood at 62.5% of NAV, with $777 million in total assets and $478 million in net assets. Looking forward, Gladstone Capital plans to increase leverage and has a strong pipeline of expected fundings to outpace anticipated repayments, aiming to grow its portfolio and maintain shareholder distributions.

Stable Interest Income

Interest income remained stable at $21.3 million, despite a decrease in the weighted average portfolio yield to 12.6% due to a 36 basis point decline in average SOFR rates.

Successful Debt Exits

Exited a large senior debt investment of $42 million in SpaceCo following the company's IPO and debt recapitalization.

Healthy Deal Pipeline

Current pipeline of expected fundings is very healthy, with approximately 8 to 10 deals in advanced stages, potentially totaling $100 million to $150 million.

Reduction in Expenses

Total expenses declined $400,000 quarter-over-quarter due to lower professional fees, other expenses, and net management fees.

Strong Balance Sheet

Ended the quarter with a conservative leverage position, with debt at 62.5% of NAV and the bulk of the bank credit facility available to support growth.

Gladstone Capital (GLAD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GLAD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2025	2025 (Q3)	0.50 / -	0.57	―	―	―
May 06, 2025	2025 (Q2)	0.51 / 0.50	0.25	100.00% (+0.25)
Feb 11, 2025	2025 (Q1)	0.53 / 0.50	0.54	-7.41% (-0.04)
Nov 13, 2024	2024 (Q4)	0.53 / 0.50	0.56	-10.71% (-0.06)
Aug 07, 2024	2024 (Q3)	0.53 / 0.57	0.62	-8.06% (-0.05)
May 01, 2024	2024 (Q2)	0.56 / 0.25	0.52	-51.92% (-0.27)	―
Feb 05, 2024	2024 (Q1)	0.56 / 0.54	0.5	8.00% (+0.04)	―
Nov 13, 2023	2023 (Q4)	0.59 / 0.56	0.44	27.27% (+0.12)
Jul 26, 2023	2023 (Q3)	0.54 / 0.62	0.4	55.00% (+0.22)
May 02, 2023	2023 (Q2)	0.53 / 0.52	0.5	4.00% (+0.02)

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, 2025	$24.81	$24.75	-0.24%
Feb 11, 2025	$27.09	$27.21	+0.44%
Nov 13, 2024	$23.98	$23.86	-0.50%
Aug 07, 2024	$20.37	$20.64	+1.33%

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 Aug 04, 2025, After Close (Confirmed).

What is Gladstone Capital Corp (GLAD) earnings time?

Gladstone Capital Corp (GLAD) earnings time is at Aug 04, 2025, 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 2025 (Q3) is 0.5.

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