Saturday 17 October 2026
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Gladstone Investment Corporation
GAIN Financial Asset Management
Gladstone Investment Corporation’s revenue for fiscal 2026 (year ended March 2026) was $99.1 million, up 5.78% from fiscal 2025. In the quarter to June 2026, revenue grew 20.4%, EPS fell 242.9% and free cash flow grew 116.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
15.05
0.27
−1.76%
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| Mar '17 | Mar '18 | Mar '19 | Mar '20 | Mar '21 | Mar '22 | Mar '23 | Mar '24 | Mar '25 | Mar '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 5 | 6 | 6 | 3 | 7 | 4 | 4 | 4 | 3 |
P/E ratio |
6.06 | 5.38 | 4.76 | 0.00 | 9.55 | 5.24 | 12.47 | 5.66 | 7.51 | 3.03 |
P/S ratio |
5.29 | 5.60 | 6.49 | 4.17 | 7.17 | 7.38 | 5.41 | 5.54 | 5.24 | 5.55 |
P/FCF ratio |
8.42 | 0.00 | 4.14 | 7.31 | 0.00 | 14.63 | 0.00 | 0.00 | 30.09 | 0.00 |
P/Operating CF |
(12.87) | (72.81) | 124.76 | (5.06) | 143.53 | (198.81) | 49.59 | 83.68 | 4.36 | 32.69 |
P/B ratio |
0.91 | 0.92 | 0.95 | 0.70 | 1.06 | 1.20 | 1.00 | 0.98 | 0.98 | 0.82 |
Price to Tangible BV |
0.91 | 0.92 | 0.95 | 0.70 | 1.06 | 1.20 | 1.00 | 0.98 | 0.98 | 0.82 |
EV/Sales |
5.31 | 5.62 | 6.51 | 4.18 | 7.21 | 7.25 | 5.44 | 5.56 | 5.13 | 5.58 |
EV/EBITDA |
15.61 | 18.21 | 0.00 | 2.38 | 29.01 | 0.00 | 8.03 | 2,237.09 | 6.83 | 0.00 |
EV/Operating CF |
8.45 | (11.02) | 4.15 | 7.34 | (13.74) | 14.38 | (98.41) | (6.94) | 29.48 | (5.44) |
EV/FCF |
8.45 | (11.02) | 4.15 | 7.34 | (13.74) | 14.38 | (98.41) | (6.94) | 29.48 | (5.44) |
Quick Ratio |
0.11 | 0.08 | 0.09 | 0.13 | 0.04 | 0.08 | 0.03 | 0.03 | 0.05 | 0.02 |
Current Ratio |
0.11 | 0.08 | 0.09 | 0.13 | 0.04 | 0.08 | 0.03 | 0.03 | 0.05 | 0.02 |
Net Debt/EBITDA |
0.06 | 0.06 | (0.08) | 0.01 | (0.17) | 0.17 | (0.06) | (14.84) | (0.22) | 0.01 |
Debt/Assets |
0.99% | 0.83% | 0.80% | 0.88% | 0.00% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.10 | 0.10 | 0.10 | 0.10 | 0.09 | 0.10 | 0.11 | 0.10 | 0.10 | 0.09 |
Operating CF/Net income |
0.73 | (0.49) | 1.15 | (4.88) | (0.70) | 0.36 | (0.13) | (0.82) | 0.25 | (0.55) |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Interest Coverage |
4.48 | 3.98 | 0.22 | 7.33 | 2.78 | 1.28 | 2.59 | 1.29 | 1.47 | 0.43 |
| 15.43% | 18.52% | 21.43% | (1.86%) | 11.30% | 24.71% | 8.03% | 18.30% | 13.17% | 31.65% | |
| 8.79% | 10.78% | 13.10% | (1.19%) | 6.96% | 14.78% | 4.72% | 10.01% | 6.72% | 15.86% | |
ROIC |
3.28% | 2.82% | 0.21% | 4.90% | 2.03% | 2.39% | 5.90% | 3.98% | 5.37% | 1.51% |
Return on Tangible Assets |
(65.16%) | (54.83%) | (106.85%) | 13.15% | (26.23%) | (37.85%) | (11.28%) | (19.82%) | (13.53%) | (28.77%) |
Average Days of Receivables |
31.97 | 36.63 | 25.04 | 24.76 | 29.22 | 47.53 | 31.05 | 46.21 | 33.02 | 32.63 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
13.72% | 21.60% | 43.23% | 1.11% | 19.61% | 40.69% | 14.90% | 27.52% | 18.11% | 40.77% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.75) | (0.76) | (0.57) | (0.77) | (0.63) | (0.51) | (0.72) | (0.89) | (0.99) | (1.17) |
Graham Number |
18.30 | 21.55 | 26.31 | 0.00 | 18.23 | 30.50 | 17.77 | 28.24 | 23.33 | 42.68 |
Earnings Yield |
16.50% | 18.58% | 21.02% | (2.80%) | 10.48% | 19.09% | 8.02% | 17.68% | 13.32% | 33.03% |
Free Cash Flow Yield |
11.87% | (9.10%) | 24.18% | 13.69% | (7.33%) | 6.83% | (1.02%) | (14.46%) | 3.32% | (18.48%) |
Revenue per Share |
1.71 | 1.81 | 1.82 | 1.88 | 1.71 | 2.19 | 2.45 | 2.53 | 2.55 | 2.56 |
Operating CF per Share |
1.08 | (0.92) | 2.85 | 1.07 | (0.90) | 1.10 | (0.14) | (2.03) | 0.44 | (2.62) |
Capex per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
1.08 | (0.92) | 2.85 | 1.07 | (0.90) | 1.10 | (0.14) | (2.03) | 0.44 | (2.62) |
Cash per Share |
0.14 | 0.12 | 0.11 | 0.12 | 0.07 | 0.44 | 0.10 | 0.09 | 0.41 | 0.06 |
Shareholders Equity per Share |
9.95 | 10.98 | 12.41 | 11.23 | 11.53 | 13.43 | 13.20 | 14.30 | 13.59 | 17.26 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
9.95 | 10.98 | 12.41 | 11.23 | 11.53 | 13.43 | 13.20 | 14.30 | 13.59 | 17.26 |
Free Cash Flow |
32.60 | (29.73) | 93.62 | 35.31 | (29.73) | 36.60 | (4.50) | (69.94) | 16.31 | (101.61) |
Working Capital |
(68.70) | (110.68) | (76.36) | (55.02) | (161.84) | (270.31) | (315.15) | (430.34) | (482.84) | (642.15) |
Net Current Asset Value |
(205.47) | (246.88) | (220.29) | (199.09) | (254.44) | (270.64) | (315.72) | (431.10) | (483.69) | (643.38) |
EV/EBIT |
17.39 | 20.43 | 287.44 | 8.92 | 33.08 | 31.51 | 10.76 | 11.51 | 11.56 | 34.24 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
17.32 | 20.36 | 286.34 | 8.89 | 32.86 | 32.07 | 10.72 | 11.46 | 11.80 | 34.07 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
10.51% | (8.18%) | 22.51% | 9.34% | (7.73%) | 7.86% | (1.02%) | (14.10%) | 3.17% | (15.15%) |
Accounts Receivable Turnover |
11.57 | 11.22 | 11.99 | 14.93 | 12.97 | 10.38 | 9.95 | 9.71 | 9.59 | 11.43 |
Accounts Payable Turnover |
6.30 | 3.68 | 1.31 | 1.29 | 1.77 | 1.03 | 0.86 | 0.81 | 0.73 | 0.60 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
50.63 | 149.97 | 427.53 | 144.36 | 269.59 | 457.05 | 420.51 | 524.46 | 519.24 | 778.96 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
4.49 | 5.20 | 4.97 | 4.15 | 4.37 | 6.99 | 8.19 | 9.00 | 9.76 | 8.67 |
Average Payables |
2.91 | 5.22 | 16.93 | 17.40 | 12.82 | 23.76 | 30.57 | 36.61 | 44.34 | 64.20 |
Average Assets |
509.14 | 563.05 | 623.00 | 605.74 | 610.05 | 692.07 | 753.03 | 851.86 | 972.24 | 1,164.62 |
Average Common Equity |
290.05 | 327.64 | 380.66 | 388.07 | 375.70 | 414.10 | 442.79 | 466.23 | 495.90 | 583.65 |
Columns are period end dates