Gladstone Capital Corporation GLAD

19.36 0.14 0.73% as of 25 Sep
Market cap
$434.2M
P/E
9.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.15%

Capital & Financial Ratios

Market Cap 434.24
Revenue 98.93
Net Income 48.15
Free Cash Flow (150.76)
Net Debt (2.35)
Current Ratio 0.03
Debt/Equity 0.00
P/E ratio 9.05
P/S ratio 4.42
P/B ratio 0.90
Past 5Y EPS Growth 7.54%
This Y EPS Growth (1.29%)
Next Y EPS Growth 0.80%
Next 5Y EPS Growth 5.00%
in millions of $

Dividends

Payout Ratio 0.91
Annual Dividend Rate 0.99
Annual Dividend Yield 9.75%
total individual payouts
2027 Powerpack
2026 1.80
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
0.15
2025 2.04
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.10
0.15
0.15
0.15
2024 2.38
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.17
0.40
0.17
2023 1.92
0.15
0.15
0.15
0.16
0.16
0.16
0.17
0.17
0.04
0.17
0.17
0.17
0.17
2022 1.62
0.13
0.13
0.13
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
2021 1.56
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
2020 1.59
0.14
0.14
0.14
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
2019 1.68
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
2018 1.68
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
2017 1.68
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
2016 1.68
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
0.14
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 1 2 32 2
Receivables 6 6 6 6
Inventory — — — —
Other 3 3 5 3
10 11 43 11
2023 2024 2025 Q'26
Payables 4 4 4 5
ST’ Debt — — — —
Other 4 4 4 4
261 263 406 439
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 8.88% 13.19% 12.17%
Cash Flow 0.00% 0.00% 0.00%
Earnings 21.02% 0.00% 42.14%
Book Value 9.67% 15.58% 15.18%

Revenue

Dec Mar Jun Sep Year
’26 25 26 24 — —
’25 22 22 22 24 89
’24 23 24 26 24 97
’23 19 21 23 24 86
’22 16 17 14 16 63
’21 13 13 14 14 54
’20 12 11 12 13 48
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Dec Mar Jun Sep Year
’26 (34) 17 (37) — —
’25 24 47 20 (97) (5)
’24 (26) (19) 54 (6) 3
’23 35 (47) (21) 23 (11)
’22 (6) 43 (56) (58) (76)
’21 12 (17) 12 (21) (14)
’20 (24) 4 (34) 9 (46)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Dec Mar Jun Sep Year
’26 (34) 17 (37) — —
’25 24 47 20 (97) (5)
’24 (26) (19) 54 (6) 3
’23 35 (47) (21) 23 (11)
’22 (6) 43 (56) (58) (76)
’21 12 (17) 12 (21) (14)
’20 (24) 4 (34) 9 (46)
in millions of $ · fiscal quarters ending in the months shown

EPS

Dec Mar Jun Sep Year
’26 0.21 0.63 0.49 — —
’25 1.21 0.39 0.33 0.63 2.55
’24 0.92 1.09 0.88 1.46 4.34
’23 0.32 0.33 0.64 0.66 2.28
’22 0.70 0.48 (0.32) 0.30 1.16
’21 0.76 1.30 1.06 1.96 5.08
’20 0.04 (1.78) 0.96 0.66 (0.12)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
9.42 17.34 12.82 14.42 8.08 17.20 16.42 17.74 19.20 18.76

Analyst estimates 2026–2028

Powerpack
Low Price
19.24 20.24 19.74 21.38 21.10 25.16 25.56 22.56 28.62 30.43
High Price
61 65 67 70 68 69 71 73 73 73
Employees
1 1 1 1 1 1 1 1 1 1
Revenue/Emp
39 39 46 50 48 54 63 86 97 89
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
19 21 23 25 25 26 32 41 46 45
EBT
49.82% 54.63% 50.65% 49.13% 52.47% 48.56% 51.11% 47.46% 47.67% 50.72%
EBT Margin
11 17 19 20 (2) 84 20 43 95 57
Net Income
16 1 (21) (10) 20 (53) 18 13 (41) 44
Depreciation
3.37 3.08 3.36 3.42 3.09 3.24 3.68 4.63 4.44 3.99
Revenue/Sh
0.98 1.34 1.38 1.36 (0.12) 5.08 1.16 2.28 4.34 2.56
Earnings/Sh
5.17 (1.02) (1.31) 0.63 (2.97) (0.85) (4.45) (0.58) 0.15 (0.25)
Cash Flow/Sh
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
5.17 (1.02) (1.31) 0.63 (2.97) (0.85) (4.45) (0.58) 0.15 (0.25)
Free CF/Sh
17.34 17.23 17.50 17.04 15.06 19.16 18.37 21.90 21.62 21.56
Book Value/Sh
12 13 14 15 16 17 17 19 22 22
Shares
15.06 14.21 13.29 14.34 0.00 4.45 14.64 9.55 5.53 8.54
PE Ratio
4.82 6.19 5.69 5.70 4.80 6.98 4.62 4.10 5.42 5.49
PS Ratio
0.94 1.11 1.09 1.14 0.98 1.18 0.92 0.87 1.11 1.01
PB Ratio
6.48 8.43 8.06 6.73 7.41 7.90 6.83 4.63 6.13 5.43
EV/Sales
4.22 (25.38) (20.64) 36.38 (7.71) (30.24) (5.65) (36.88) 182.76 (88.19)
EV/FCF
60 (13) (18) 9 (46) (14) (76) (11) 3 (5)
Op' Cash Flow
— — — — — — — — — —
Capex
60 (13) (18) 9 (46) (14) (76) (11) 3 (5)
FCF
8 8 5 (38) (90) (185) (195) (251) (252) (363)
Working Cap'
71 93 110 67 128 51 142 48 71 —
Total Debt
65 88 108 51 125 50 140 46 68 (32)
Net Debt
201 220 237 249 234 318 315 409 471 482
Sh' Equity
3.17% 4.90% 4.87% 4.81% (0.42%) 16.44% 3.24% 6.18% 12.34% 6.65%
ROA
4.58% 4.36% 4.18% 5.11% 4.38% 4.44% 4.43% 5.63% 5.34% 6.28%
ROIC
5.79% 8.16% 8.17% 8.17% (0.78%) 30.53% 6.28% 11.78% 21.49% 12.00%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Gladstone Capital Corporation peers in Asset Management

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Gladstone Capital Corporation (GLAD) key facts

  • Gladstone Capital Corporation (GLAD) is an Asset Management company in the Financial sector, listed on Nasdaq.
  • Gladstone Capital Corporation’s revenue for fiscal 2025 (year ended September 2025) was $89.1 million, down 7.76% from fiscal 2024.
  • Net income was $57.2 million, or $2.56 per share (basic), a net margin of 64.2%.
  • As of September 25, 2026, GLAD traded at $19.36, a market capitalization of $434.2 million.
  • At that price the stock trades at 9.0× trailing-twelve-month earnings and 4.4× sales.
  • Gladstone Capital Corporation pays an annual dividend of $0.99 per share, a yield of 9.75%, with a payout ratio of 91.4%.
  • Return on equity was 12.0% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Gladstone Capital Corporation (GLAD) Latest News

News by impact score

Fine-tune

21 Sep

3

Gladstone Capital Corp (GLAD) declared a total dividend of $0.15 per share, ex-dividend 2026-09-21 and payable 2026-09-30. GLAD is an externally managed, closed-end, non-diversified investment company investing in debt securities for current income and select equity for growth. The stock has a trailing dividend yield around 9.41% and a forward yield about 9.33%, signaling strong income but potential near-term payout risk. Payout ratio stood at 0.87 as of 2026-06-30; profitability rank is 3/10 and growth rank is 3/10, suggesting limited earnings-based support for dividends. Three-year dividend growth is 7.6%, five-year 5.5%, and ten-year 1.4%; revenue growth ~29.6% annually and EPS growth ~30% over three years. Despite a long dividend history since 2001, sustainability of the payout remains a consideration. Payout ratio is high and profitability/growth ranks are low, indicating potential risk to long-term dividend sustainability despite recent income strength.

5 Aug

4 transcript

Gladstone Capital Corporation held a Q3 earnings call that detailed financial results, portfolio performance, and management commentary on future operations. Q3 earnings details and outlook statements directly shape near-term stock valuation and investor positioning for GLAD.

4 transcript

Gladstone Capital Corporation conducted its Q3 2026 earnings call covering financial results, portfolio performance, and outlook. Q3 2026 earnings data directly shapes near-term valuation and investor positioning for GLAD.

3

Gladstone Capital Corp's Q3 2026 earnings call highlights net investment income covering distributions. Quarterly earnings data on distribution coverage directly shapes near-term investor views of financial stability.

4 Aug

3

Gladstone Capital Corporation reported financial results for its third quarter ended June 30, 2026. Quarterly earnings releases supply core financial metrics that shape near-term stock valuation and sentiment.

12 May

4

Gladstone Capital Corporation (GLAD) upgraded to Buy rating, analyzing potential positive effects on stock performance and investor sentiment. Analyst upgrade to Buy signals stronger confidence in GLAD's prospects, likely enhancing market sentiment and share price momentum.

7 May

4

Gladstone Capital Corporation (GLAD) released highlights from its Q2 earnings call, covering financial results, portfolio updates, and management commentary on performance and outlook. Q2 earnings call highlights disclose key financial metrics, dividend declarations, and strategic outlook that significantly sway investor sentiment and stock trajectory.

4

Gladstone Capital Corporation (GLAD) released its Q2 2026 earnings call summary, detailing financial results, portfolio updates, and management outlook. Q2 2026 earnings summary discloses key financial metrics and strategic insights directly impacting GLAD's valuation and market trajectory.

6 May

4

Gladstone Capital Corporation (GLAD) beat Q2 earnings and revenue estimates, reporting stronger-than-expected results driven by solid investment income and portfolio performance. Beating Q2 earnings and revenue estimates enhances financial outlook and investor confidence, significantly influencing stock performance.

4

Gladstone Capital Corporation reported financial results for its second quarter ended March 31, 2026. Quarterly earnings reports provide critical financial data that significantly influence GLAD's stock price, investor sentiment, and future performance expectations.

14 Apr

3

Gladstone Capital Corporation's 10.4% yield endures the rate freeze, underpinned by modest leverage and loan growth. Stable yield amid rate freeze with modest leverage and loan growth bolsters financial performance without major shifts.

13 Apr

3

Gladstone Capital Corporation (GLAD) delivers a 10% dividend yield backed by robust coverage that sustains payouts amid challenges. Robust dividend coverage bolsters GLAD's financial stability and appeals to yield-seeking investors.

23 Mar

4

Federal Reserve's interest rate freeze challenges Gladstone Capital Corporation (GLAD)'s road to recovery, testing its ability to rebound amid constrained borrowing costs and investment returns. Fed rate freeze directly pressures GLAD's interest income and recovery trajectory as a BDC reliant on floating-rate loans.

4

Gladstone Capital Corporation (GLAD) announces a strategic succession plan to ensure leadership continuity and long-term stability. Strategic succession plans involve major leadership transitions that can significantly shape company direction and investor sentiment.

17 Feb

3

Gladstone Capital Corporation (GLAD) shares plunged 12.2% over four weeks amid market pressures, but strong fundamentals, attractive valuation, solid dividend yield, and positive technical indicators position it for a turnaround. Recent 12.2% stock drop highlights short-term weakness, but identified turnaround catalysts like valuation and dividends could moderately improve sentiment and performance.

16 Feb

3

Gladstone Capital Corporation (GLAD) shares dropped 12.2% over the past four weeks amid pressures, but strong fundamentals, attractive valuation, and potential catalysts position it for a turnaround. GLAD's recent 12.2% decline reflects short-term market pressures but highlights undervaluation and recovery potential, moderately influencing investor sentiment and performance.

10 Feb

4

Gladstone Capital Corporation (GLAD) is highlighted as a potential investment opportunity for bottom fishers due to its attractive valuation and strong dividend yield. The company has demonstrated resilience in its business model, focusing on providing debt and equity financing to small and mid-sized businesses. Analysts suggest that GLAD's current stock price may not reflect its underlying value, making it an appealing choice for investors looking for bargains in the market. Additionally, the company's consistent performance and strategic positioning in the financial sector could lead to favorable outcomes in the near future. Gladstone Capital's strong dividend yield and attractive valuation indicate significant potential for future performance improvements.

5 Feb

4

Gladstone Capital Corporation reported its Q1 earnings, highlighting strong financial performance and strategic initiatives aimed at enhancing shareholder value. The company emphasized its commitment to maintaining a robust portfolio and optimizing its investment strategies. Key metrics showed positive growth, reflecting effective management and market positioning. Future outlook remains optimistic as management outlines plans for continued expansion and investment opportunities. Significant strategic initiatives and positive financial performance are likely to influence future growth and investor sentiment.

4 transcript

Gladstone Capital Corporation (GLAD) reported strong interest income in its Q1 2026 earnings call, highlighting robust financial performance amidst challenging market conditions. The company emphasized its strategic focus on maintaining a diversified portfolio and managing risk effectively. Management expressed optimism about future growth opportunities and reaffirmed its commitment to delivering value to shareholders. Strong interest income and strategic focus indicate significant potential for future growth and investor sentiment.

4 Feb

4

Gladstone Capital Corporation (GLAD) reported its Q1 earnings, surpassing analysts' expectations. The company demonstrated strong financial performance, contributing to positive market sentiment. This achievement reflects effective management strategies and a solid investment portfolio, positioning GLAD favorably for future growth. Surpassing earnings estimates indicates significant financial strength and potential for future growth.

3

Gladstone Capital Corporation reported its fiscal Q1 earnings, highlighting key financial metrics and performance indicators. The company showed growth in net investment income and maintained a stable dividend payout. Management expressed optimism about future investments and market conditions, indicating a strategic focus on enhancing portfolio performance. Overall, the earnings report reflects a positive outlook for the company amidst a competitive landscape. The earnings report indicates moderate growth and stability, which may influence investor sentiment and financial performance.

3

Gladstone Capital Corporation reported its financial results for the first quarter ended December 31, 2025, highlighting key metrics such as revenue, net income, and earnings per share. The company experienced growth in its investment portfolio and maintained a strong balance sheet, positioning itself favorably in the market. Management expressed optimism about future opportunities and strategic initiatives aimed at enhancing shareholder value. The financial results indicate moderate growth and stability, which may influence investor sentiment and operational aspects but are not expected to drastically change the company's trajectory.

2 Dec

4

Gladstone Capital Corporation (GLAD) has been identified as a strong sell stock due to various negative indicators affecting its performance. Analysts have raised concerns about the company's financial health and market position, suggesting that investors should reconsider their holdings. The stock's recent performance has not met expectations, leading to a downgrade in its outlook. Negative indicators and analyst concerns suggest a significant impact on the company's future performance and investor sentiment.

18 Nov

4 transcript

Gladstone Capital Corporation (GLAD) reported strong growth in interest income during its Q4 2025 earnings call, highlighting robust financial performance and positive market conditions. The company emphasized its strategic initiatives aimed at enhancing shareholder value and maintaining a solid investment portfolio. Management expressed optimism about future earnings potential, driven by favorable economic trends and effective asset management. Strong interest income growth and strategic initiatives are likely to significantly impact future performance and investor sentiment.

3 transcript

Gladstone Capital Corporation reported its Q4 2025 earnings, highlighting key financial metrics and performance indicators. The company discussed its investment strategies, portfolio performance, and outlook for the upcoming quarters. Management provided insights into market conditions and potential challenges ahead, emphasizing their commitment to delivering shareholder value. Overall, the earnings call reflected a cautious yet optimistic view of the company's future prospects. Moderate influence on financial performance and market sentiment is expected due to the insights shared during the earnings call.

17 Nov

3

Gladstone Capital Corporation reported its financial results for the fourth quarter and fiscal year ending September 30, 2025. The company highlighted key metrics, including revenue growth and net income figures, reflecting its operational performance and strategic initiatives over the year. Management provided insights into future outlook and investment strategies, emphasizing commitment to shareholder value and market positioning. Financial results indicate moderate growth and operational stability, which may influence investor sentiment and market performance.

13 Nov

3

Gladstone Capital Corporation announced details for its upcoming earnings call and webcast, providing investors with information on how to access the event. The call will cover the company's financial performance and strategic outlook, allowing stakeholders to gain insights into its operations and future direction. The earnings call may provide insights that could moderately influence investor sentiment and financial performance.

7 Oct

4

Gladstone Capital Corporation (GLAD) is highlighted as a top business development company (BDC) due to its strong financial performance, consistent dividend payments, and strategic investments. The company has demonstrated resilience in a challenging market, making it an attractive option for investors seeking reliable income. Analysts emphasize GLAD's solid portfolio management and growth potential, positioning it favorably among its peers in the BDC sector. Gladstone Capital's strong financial performance and strategic investments are likely to significantly impact its future trajectory and investor sentiment.

15 Sep

3

Gladstone Capital Corporation announced its intention to redeem all outstanding 5.125% Notes due 2026 and 7.75% Notes due 2028. The redemption is part of the company's strategy to manage its debt obligations effectively. The company will provide details regarding the redemption process and timing in due course. The redemption of notes may influence financial performance and investor sentiment but is not expected to drastically alter the company's trajectory.

13 Sep

4

Gladstone Capital Corporation has successfully upsized its offering of convertible notes to $130 million, aiming to enhance its financial flexibility and support growth initiatives. The offering is expected to provide the company with additional capital to invest in its portfolio and manage existing debt. Analysts are evaluating the implications of this move on the company's valuation and future performance in the market. The upsized convertible notes offering is a significant strategic move that could enhance financial flexibility and growth potential.

stockrow.com/GLAD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com