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Financials · GAIN

Gladstone Investment Corporation Business Development Company (GAIN) financials

For the twelve months ended Jun 30, 2026, Gladstone Investment Corporation Business Development Company reported $103.89M of revenue and $165.13M of net income.

Revenue, TTM
$103.89M
Revenue growth, YoY
+9.3%
Net income, TTM
$165.13M
Net income growth, YoY
+107.4%
Net margin
158.9%
EPS, diluted, TTM
$4.26
EPS growth, YoY
+96.3%
Cash
$3.59M
Total debt
$570.84M
P/E
3.58
P/S
5.70
Market cap
$591.8M
Annual revenue$99.08M
FY2021FY2026
Annual net income$184.75M
FY2021FY2026

GAIN revenue and earnings growth

GAIN revenueQ1 2027$28.36M

Quarter YoY
+20.4%
QoQ
+12.6%
FY YoY
+5.8%
5Y CAGR
+11.8%

GAIN revenue was $28.36M in fiscal Q1 2027 (ended Jun 30, 2026), up 20.4% from a year earlier and up 12.6% from the prior quarter. For the full fiscal 2026 it was $99.08M, up 5.8% from fiscal 2025. Compound annual growth was +11.8% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2026 is the highest of the 6 fiscal years on file.

GAIN net incomeQ1 2027-$11.86M

FY YoY
+182.8%
5Y CAGR
+34.2%

GAIN net income was -$11.86M in fiscal Q1 2027 (ended Jun 30, 2026), compared with $7.77M a year earlier. For the full fiscal 2026 it was $184.75M, up 182.8% from fiscal 2025. Compound annual growth was +34.2% over 5 years. It rose in 3 of the last 5 fiscal years. Fiscal 2026 is the highest of the 6 fiscal years on file.

GAIN EPSQ1 2027-$0.30

FY YoY
+168.0%
5Y CAGR
+54.6%

GAIN diluted EPS was -$0.30 in fiscal Q1 2027 (ended Jun 30, 2026), compared with $0.21 a year earlier. For the full fiscal 2026 it was $4.77, up 168.0% from fiscal 2025. Compound annual growth was +54.6% over 5 years.

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Income statement

Income statement
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
Revenue$99.08M$93.66M$87.31M$81.54M$72.55M$56.63M
Income tax$0$0$0$0$0$0
Net income$184.75M$65.32M$85.31M$35.55M$102.32M$42.45M
EPS, basic$4.77$1.78$2.47$1.11$0.45$0.54
EPS, diluted$4.77$1.78$2.47$1.11$0.45$0.54
Diluted shares38.7M36.7M34.5M33.3M33.2M33.2M

Balance sheet

Balance sheet
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
Cash and equivalents$2.38M$15.15M$3.22M$3.25M$14.49M$2.40M
Total assets$1.32B$1.01B$938.08M$765.64M$740.41M-
Total debt$564.47M$455.71M$398.35M$292.61M$261.35M-
Total liabilities$654.62M$507.32M$445.37M$325.90M$294.58M-
Shareholders' equity$668.23M$499.08M$492.71M$439.74M$445.83M$382.36M

Cash flow

Cash flow
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
Operating cash flow-$101.61M$16.31M-$69.94M-$4.50M$36.60M-$29.73M
Financing cash flow$88.84M-$4.37M$69.91M-$6.74M-$24.50M$28.07M
Dividends paid$57.16M$60.95M$76.06M$47.05M$38.85M$30.86M

Key ratios

Key ratios
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
Revenue growth, YoY5.8%7.3%7.1%12.4%28.1%-
Net income growth, YoY182.8%-23.4%140.0%-65.3%141.0%-
EPS growth, YoY168.0%-27.9%122.5%146.7%-16.7%-
Net margin186.5%69.7%97.7%43.6%141.0%75.0%
Return on equity27.6%13.1%17.3%8.1%22.9%11.1%
Return on assets14.0%6.5%9.1%4.6%13.8%-
Debt to equity0.840.910.810.670.59-

Source: XBRL data Gladstone Investment Corporation Business Development Company files with the SEC, latest filing dated Aug 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

GAIN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
GAIN$103.89M+9.3%$165.13M158.9%$591.8M
GOOD$171.78M+10.6%$18.56M10.8%$493.1M
GLAD$98.93M+11.3%$48.15M48.7%$437.9M
LAND$88.48M+21.6%-$6.47M-7.3%$302.8M

GAIN FAQ

7 questions
  • What is GAIN revenue?
    Gladstone Investment Corporation Business Development Company (GAIN) reported $103.89M of revenue for the twelve months ended Jun 30, 2026. That is up 9.3% from the year before. Revenue for fiscal 2026 was $99.08M.
  • Is GAIN profitable?
    Yes. Gladstone Investment Corporation Business Development Company earned $165.13M in net income for the twelve months ended Jun 30, 2026, a net margin of 158.9%.
  • How much cash and debt does GAIN have?
    Gladstone Investment Corporation Business Development Company reported $3.59M in cash and cash equivalents and $570.84M of debt on its most recent balance sheet in SEC filings.
  • How fast is GAIN revenue growing?
    Gladstone Investment Corporation Business Development Company's revenue changed +5.8% in fiscal 2026, to $99.08M. Its compound annual growth rate was +11.8% over 5 years.
  • What is GAIN earnings per share?
    Diluted earnings per share were $4.26 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did GAIN last report financial results?
    The latest statements here come from Gladstone Investment Corporation Business Development Company's 10-Q filed on Aug 6, 2026, covering the period ended Jun 30, 2026.
  • Where does this GAIN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Gladstone Investment Corporation Business Development Company files with the SEC. It is provided for information only and is not investment advice.