Gladstone Investment Corp.
GAIN · Price history
Price at last available close
$15.27
−$0.33 (-2.12%) 1M
2026-10-29
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Company & revenue
About Gladstone Investment Corp.
Primary reporting period: 2026-03-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector.
How they make money
Gladstone Investment Corporation is a business development company that generates income by providing secured debt and equity capital to lower middle market businesses in the United States. The company seeks to achieve long-term capital appreciation through the eventual sale of its equity investments in these portfolio companies, while also earning interest and dividend income from its debt and equity holdings.
Products & services
The company provides investment capital in the form of secured first and second lien debt, as well as preferred and common equity, to support buyouts, recapitalizations, and growth initiatives of private lower middle market companies.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Lower middle market businesses in the United StatesSource
Customer concentration
The company does not report significant customer concentration as its business model involves a diversified portfolio of investments in various private companies.
Suppliers, materials & equipment
- Financial and administrative service providers — Various third-party vendors providing legal, accounting, audit, and custodial services; specific supplier names are not disclosed.Source
Business relationships & partnerships
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly revenue fell 24.8% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Quarterly EPS turned negative at -0.30 versus 0.21 a year earlier.
Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
68
Fair
Financial Strength
37
Business Quality / Moat
68
Management
94
Growth Quality
100
Risk / Durability
67
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
71
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
63/100
Building Historical Record
Model Score 63/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
- •Asset quality scores strongly
- •Valuation scores attractively
- •Insider activity signal is favorable
- •Elevated debt risk
- •M&A headline · Sep 30, 2026
- •M&A headline · Sep 28, 2026
- •M&A headline · Sep 16, 2026
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for GAIN
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can GAIN maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can GAIN fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is GAIN's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is GAIN's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of GAIN's score?
Essential Investment Snapshot
Wall Street Score
55
Opportunity Score
71
Market Cap
$608.1M
P/E Ratio
3.7
EPS
$4.18
52-Week High
$17.14
52-Week Low
$13.11
Beta
0.76
Intrinsic Value
$150.71
Analyst Target
$17.00
Shares Outstanding
38.7M
Total Revenue
$105.9M
Total Debt
$570.8M
Dividend Yield (TTM)
6.37%
Liquidation Value / Share
$16.71
Dividend / Share (TTM)
$0.96
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for GAIN
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Elevated debt risk
Total debt is at least one year of revenue • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Sep 30, 2026
Gladstone Investment Closes on the Acquisition of Extrude Hone LLC — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
AccesswireM&A headline · Sep 28, 2026
Gladstone Investment Corporation Supports Detroit Defense's Merger with Athenix Solutions Group — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
AccesswireM&A headline · Sep 16, 2026
Gladstone Investment Corporation Supports Global GRAB's Acquisition of Barrier1 Systems — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
AccesswireCommunity Sentiment
0 active · 0 total callsNo personal call yet on GAIN.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive experience of the investment adviser in the lower middle market.
- +Established track record of capital appreciation through equity exits.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
- −Dependence on the investment adviser and administrator.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
55
Sep 24, 2026
Change
Unchanged
Current Score
55
Oct 1, 2026
Category Changes
GAIN score was unchanged.
Projected Score
Projected Score
48
Projected Change
-6.8 points
Preliminary comparable-period financial changes suggest decline of approximately 6.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $4.18 · Growth assumption: 0.0% · Earnings multiplier: 8.5×.
Current Price
$15.27
Model Intrinsic Value
$150.71
Difference
−$135.44
-89.9% vs IV
Margin of Safety
89.9%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $105.9M | $71.5M | $89.9M | $103.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $38.6M | $57.6M | $28.2M | $24.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $67.2M | $13.9M | $61.6M | $79.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $30.4M | $6.1M | $8.2M | $6.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | -$46.9M | -$211.9M | -$3.7M | -$6.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $114.2M | $225.8M | $65.3M | $85.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $114.2M | $225.8M | $65.3M | $85.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $40.6M | $41.0M | $28.2M | $24.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $165.1M | $184.8M | $65.3M | $85.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $165.1M | $184.8M | $65.3M | $85.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $4.18 | $4.77 | $1.78 | $2.47 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 39.82M | 38.71M | 36.74M | 34.47M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 39.82M | 38.71M | 36.74M | 34.47M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$19.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.30
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+4.4%
Cash Change
+39.9%
Margin Change
-130.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included cash levels. Pressure indicators included revenue growth, EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 24.8%. EPS declined 242.9%. Cash increased 39.9%. Total debt increased 4.4%. Net income margin declined by 130.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
4 Gladstone Dividend Stocks Yield Up to 10.2%. The Deadline Is October 22
Gladstone Investment (NASDAQ:GAIN) & Franklin Resources (NYSE:BEN) Head-To-Head Review
Gladstone Investment Closes on the Acquisition of Extrude Hone LLC
3 SBIC & Commercial Finance Stocks to Buy on Improving Industry Trends
Rumor Mill · GAIN
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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