Saturday 17 October 2026 Export GAIN’s income statement to Excel — free account

Gladstone Investment Corporation

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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Market cap: $610.1M
P/E: 3.6×
Fwd P/E: 17.7×
Dividend yield: 6.38%
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.27%

Capital & Financial Ratios $m

Market Cap 610.07

Revenue 103.89

Net Income 165.13

Free Cash Flow (43.36)

Net Debt (3.59)

Current Ratio 0.02

Debt/Equity 0.00

P/E ratio 3.60

Fwd P/E 17.70

P/S ratio 5.77

P/B ratio 0.93

Past 5Y EPS Growth 30.10%

This Y EPS Growth 1,102.32%

Next Y EPS Growth 4.90%

Next Y revenue growth 8.80%

Next 5Y EPS Growth 3.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 5.89%

10-year low 10-year high

P/S against its own 10 years 49.28%

10-year low 10-year high

P/B against its own 10 years 27.68%

10-year low 10-year high

Dividends

Payout Ratio 0.23

Annual Dividend Rate 0.96

Annual Dividend Yield 6.38%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.23	0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
2025	1.19	0.08 0.08 0.08 0.08 0.08 0.54 0.08 0.08 0.08 0.08 0.08 0.08 0.08
2024	1.66	0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.70 0.08 0.08 0.08
2023	1.96	0.08 0.08 0.24 0.08 0.08 0.08 0.12 0.08 0.08 0.08 0.12 0.08 0.08 0.12 0.08 0.88 0.08
2022	0.92	0.08 0.12 0.08 0.08 0.08 0.08 0.12 0.08 0.08 0.08 0.08 0.08 0.08 0.12 0.08
2021	0.89	0.07 0.07 0.07 0.07 0.07 0.06 0.07 0.07 0.07 0.03 0.07 0.08 0.08 0.09 0.08
2020	0.84	0.07 0.07 0.07 0.07 0.07 0.09 0.07 0.07 0.07 0.07 0.07 0.07 0.07
2019	1.03	0.07 0.07 0.07 0.07 0.07 0.09 0.07 0.07 0.07 0.03 0.07 0.07 0.07 0.09 0.07
2018	0.80	0.07 0.07 0.07 0.07 0.07 0.06 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.06 0.07
2017	0.77	0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.07 0.07 0.06 0.07
2016	0.75	0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	3	15	2	4
Receivables	11	8	9	11
Inventory	—	—	—	—
Other	—	—	—	—
	14	24	11	14

	2024	2025	2026	Q'26
Payables	43	46	83	78
ST’ Debt	—	—	—	—
Other	—	—	—	—
	445	506	653	654

Compound Annual Growth %

	10y	5y	3y
Sales	6.88%	11.84%	6.71%
Cash Flow	0.00%	0.00%	0.00%
Earnings	22.21%	34.19%	73.22%
Book Value	9.13%	11.81%	14.97%

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	28	—	—	—	—
’26	24	25	25	25	99
’25	22	23	21	28	94
’24	20	20	23	24	87
’23	19	21	22	20	82
’22	18	19	17	19	73
’21	11	12	17	17	57

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	8	—	—	—	—
’26	(50)	(61)	(8)	17	(102)
’25	12	63	(172)	113	16
’24	(36)	(60)	21	6	(70)
’23	41	(51)	(4)	9	(5)
’22	14	(21)	46	(3)	37
’21	(5)	(54)	27	3	(30)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	8	—	—	—	—
’26	(50)	(61)	(8)	17	(102)
’25	12	63	(172)	113	16
’24	(36)	(60)	21	6	(70)
’23	41	(51)	(4)	9	(5)
’22	14	(21)	46	(3)	37
’21	(5)	(54)	27	3	(30)

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	(0.30)	—	—	—	—
’26	0.21	0.75	1.66	2.07	4.77
’25	(0.18)	0.42	1.05	0.49	1.78
’24	0.26	1.40	0.19	0.63	2.47
’23	0.36	0.09	0.47	0.14	1.07
’22	1.42	0.85	0.31	0.50	3.08
’21	0.00	0.20	0.46	0.62	1.28

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	8.45	8.70	9.23	6.43	9.91	11.40	12.11	12.46	11.42	13.11	Analyst estimates 2027–2029 Powerpack
	High	11.50	12.26	15.34	13.99	17.15	17.12	14.92	14.96	15.34	17.14
People
People	Employees	64	65	69	70	67	69	74	70	74	78
	Revenue/emp, $m	0.81	0.90	0.86	0.88	0.85	1.05	1.10	1.25	1.27	1.27
Income, $m
Income, $m	Revenue	52	58	60	62	57	73	82	87	94	99
	Gross margin, %	64.63	67.03	62.85	63.89	59.82	66.19	67.62	65.88	65.57	60.97
	EBT	45	61	82	(7)	42	102	36	85	65	185
	EBT margin, %	86.29	104.00	136.75	(11.68)	74.97	141.02	43.59	97.71	69.74	186.47
	Net income	45	61	82	(7)	42	102	36	85	65	185
	Depreciation	2	2	(19)	80	2	(73)	14	(31)	29	(212)
Per share, $
Per share, $	Revenue	1.71	1.81	1.82	1.88	1.71	2.19	2.45	2.53	2.55	2.56
	Earnings	1.48	1.88	2.49	(0.22)	1.28	3.08	1.07	2.47	1.78	4.77
	Cash flow	1.08	(0.92)	2.85	1.07	(0.90)	1.10	(0.14)	(2.03)	0.44	(2.62)
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	1.08	(0.92)	2.85	1.07	(0.90)	1.10	(0.14)	(2.03)	0.44	(2.62)
	Book value	9.95	10.98	12.41	11.23	11.53	13.43	13.20	14.30	13.59	17.26
	Shares, m	30	32	33	33	33	33	33	34	37	39
Valuation, ×
Valuation, ×	P/E	6.06	5.38	4.76	0.00	9.55	5.24	12.47	5.66	7.51	3.03
	P/S	5.29	5.60	6.49	4.17	7.17	7.38	5.41	5.54	5.24	5.55
	P/B	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/FCF	8.45	(11.02)	4.15	7.34	(13.74)	14.38	(98.41)	(6.94)	29.48	(5.44)
Cash, $m
Cash, $m	Operating cash flow	33	(30)	94	35	(30)	37	(5)	(70)	16	(102)
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	33	(30)	94	35	(30)	37	(5)	(70)	16	(102)
Balance, $m
Balance, $m	Working capital	(69)	(111)	(76)	(55)	(162)	(270)	(315)	(430)	(483)	(642)
	Total debt	5	5	5	5	244	5	293	—	—	—
	Net debt	1	1	1	1	(2)	(9)	(3)	(3)	(15)	(2)
	Shareholders’ equity	301	354	407	369	382	446	440	493	499	668
Returns, %
Returns, %	ROA	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
	ROE	15.43	18.52	21.43	(1.86)	11.30	24.71	8.03	18.30	13.17	31.65

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MFIC MidCap Financial Investment Corporation	$700.2M	— (loss-making)	14.7×	−16.03% (below 0%: shrinking)	n/m	+307.98% (above 0%: growing)	100.00%	87.62%	Compare
BCSF Bain Capital Specialty Finance, Inc.	$689.6M	10.4×	9.7×	−12.14% (below 0%: shrinking)	−40.54% (below 0%: shrinking)	+10,857.59% (above 0%: growing)	100.00%	80.20%	Compare
PFLT PennantPark Floating Rate Capital Ltd.	$660.1M	12.8×	10.2×	+4.07% (above 0%: growing)	−57.89% (below 0%: shrinking)	+392.80% (above 0%: growing)	100.00%	77.14%	Compare
NMFC New Mountain Finance Corporation	$651.3M	— (loss-making)	29.5×	−4.25% (below 0%: shrinking)	+157.14% (above 0%: growing)	−39.48% (below 0%: shrinking)	100.00%	0.00%	Compare
ACGP Associated Capital Group, Inc.	$649.9M	14.8×	4.2×	+13.32% (above 0%: growing)	+3.41% (above 0%: growing)	+254.80% (above 0%: growing)	100.00%	(314.07%)	Compare
SLRC SLR Investment Corp.	$629.0M	8.4×	9.9×	−9.45% (below 0%: shrinking)	−65.91% (below 0%: shrinking)	+112.02% (above 0%: growing)	100.00%	70.73%	Compare
GAIN Gladstone Investment Corporation	$610.1M	3.6×	17.7×	+20.43% (above 0%: growing)	n/m	+116.07% (above 0%: growing)	63.66%	76.50%
OIO ESGL Holdings Limited	$563.8M	— (loss-making)	—	—	n/m	−65.30% (below 0%: shrinking)	—	0.00%	Compare
NCDL Nuveen Churchill Direct Lending Corp.	$536.4M	11.2×	9.5×	−16.57% (below 0%: shrinking)	−78.13% (below 0%: shrinking)	−55.51% (below 0%: shrinking)	100.00%	82.98%	Compare
Median of peers	$650.6M	11.2×	9.9×	−9.45%	−49.21%	+183.41%	100.00%	73.94%

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Gladstone Investment Corporation (GAIN) key facts

Strength: Gladstone Investment Corporation’s revenue for fiscal 2026 (year ended March 2026) was $99.1 million, up 5.78% from fiscal 2025.
Gladstone Investment Corporation (GAIN) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, GAIN traded at $15.05, a market capitalization of $610.1 million.
Gladstone Investment Corporation pays an annual dividend of $0.96 per share, a yield of 6.38%, with a payout ratio of 23.0%.
Return on equity was 31.7% and debt-to-equity 0.00.
Its Piotroski F-score is 3 out of 9 for fiscal 2026.