The earnings call presented a balanced view with strong investment activity and increased portfolio yield but also highlighted challenges such as negative net originations and declines in interest income. While growth and strategic achievements were emphasized, some financial and operational pressures were evident.

Company Guidance -

Q4 2025

During the Gladstone Capital Corporation third-quarter 2025 earnings call, several key financial metrics and guidance were highlighted. The company reported fundings of $73 million and exits and prepayments totaling $82 million, resulting in net originations of negative $9 million for the quarter. Interest income slightly decreased to $20.9 million due to a 5.2% decline in average earning assets, although the weighted average portfolio yield increased by 20 basis points to 12.8%. Despite a net investment income of $11.3 million, net realized losses amounted to $3.6 million, primarily due to the post-restructuring valuation of an EGs investment. The portfolio's return on equity for the trailing twelve months was reported at 15.8%, with a first lien debt maintained at 70% of the portfolio's fair value. As of June 30, liabilities rose to $306 million, with debt at 64% of net asset value (NAV). Recent activities included $93 million in new platform investments, contributing to a net origination of $89 million for July and early August, with leverage increasing to 81% of NAV post-quarter. The company remains committed to its strategy of investing in growth-oriented lower middle-market businesses, supported by private equity sponsors, with an overall positive outlook for future portfolio growth.

Strong Investment Activity

Closed 8 new investments since the last call amounting to $159 million, with a focus on growth-oriented lower middle-market businesses.

Increased Portfolio Yield

The weighted average portfolio yield rose 20 basis points to 12.8% for the quarter.

Resurgence in Portfolio Growth

Net originations for July and early August were $89 million, indicating a resurgence in portfolio growth.

Conservative Leverage Position

Ended the quarter with a conservative leverage position, with debt at 64% of NAV.

Successful Bank Line Extension

Closed a 2-year extension and upsize of the bank line, which included a reduction in the revolver borrowing margin.

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
Nov 17, 2025	2025 (Q4)	0.50 / -	0.5	―	―	―
Aug 04, 2025	2025 (Q3)	0.50 / 0.50	0.57	-12.28% (-0.07)
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)

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
Aug 04, 2025	$26.74	$26.56	-0.67%
May 06, 2025	$24.66	$24.60	-0.24%
Feb 11, 2025	$26.92	$27.05	+0.48%
Nov 13, 2024	$23.83	$23.72	-0.46%

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 Nov 17, 2025, After Close (Confirmed).

What is Gladstone Capital Corp (GLAD) earnings time?

Gladstone Capital Corp (GLAD) earnings time is at Nov 17, 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 (Q4) is 0.5.

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