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Gladstone Capital Corp (GLAD)
NASDAQ:GLAD
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.5Last Year’s EPS
0.57Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 4.06%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
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
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.
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, 2025 | $25.11 | $25.05 | -0.24% |
Feb 11, 2025 | $27.41 | $27.54 | +0.47% |
Nov 13, 2024 | $24.26 | $24.15 | -0.45% |
Aug 07, 2024 | $20.62 | $20.88 | +1.26% |
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 12, 2025, TBA Not Confirmed.
What is Gladstone Capital Corp (GLAD) earnings time?
Gladstone Capital Corp (GLAD) earnings time is at Aug 12, 2025, TBA Not 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.