Financial health
- Total debt ($564M) exceeds cash ($2M); net debt is $562M.
Shareholder returns
- Dividends have been paid for 6 consecutive years, consuming 30.9% of earnings.
- The dividend has grown 13.1% per year over the past 5 years.
GAIN Financials GLADSTONE INVESTMENT CORPORATION\DE
6 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2026 | — | $185M | — | — | — | $564M | $2M |
| 2025 | — | $65M | — | — | — | $456M | $15M |
| 2024 | — | $85M | — | — | — | $398M | $3M |
| 2023 | — | $36M | — | — | — | $293M | $3M |
| 2022 | — | $102M | — | — | — | $261M | $14M |
| 2021 | — | $42M | — | — | — | — | $2M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | $82M | — | — | — | $564M | $2M |
| Dec '25 | — | $66M | — | — | — | $572M | $3M |
| Sep '25 | — | $29M | — | — | — | $555M | $2M |
| Jun '25 | — | $8M | — | — | — | $519M | $5M |
| Mar '25 | — | $18M | — | — | — | $456M | $15M |
| Dec '24 | — | $38M | — | — | — | $547M | $3M |
| Sep '24 | — | $15M | — | — | — | $341M | $3M |
| Jun '24 | — | -$7M | — | — | — | $395M | $3M |
| Mar '24 | — | $23M | — | — | — | $398M | $3M |
| Dec '23 | — | $7M | — | — | — | $414M | $4M |
| Sep '23 | — | $47M | — | — | — | $410M | $3M |
| Jun '23 | — | $9M | — | — | — | $376M | $38M |
| Mar '23 | — | $5M | — | — | — | $293M | $3M |
| Dec '22 | — | $16M | — | — | — | $287M | $3M |
| Sep '22 | — | $3M | — | — | — | $273M | $3M |
| Jun '22 | — | $12M | — | — | — | — | $44M |
| Mar '22 | — | $17M | — | — | — | $261M | $14M |
| Dec '21 | — | $10M | — | — | — | — | $29M |
| Sep '21 | — | $28M | — | — | — | — | $2M |
Valuation over time
How the market has priced GAIN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 14.8× (Mar '23) to 3.2× (Jun '26).
- The dividend yield has risen from 8.9% (Mar '23) to 9.6% (Jun '26).
P/E
Dividend yield %
Frequently asked questions
Is GAIN growing its revenue and profit?
See the revenue and net-income charts above for GLADSTONE INVESTMENT CORPORATION\DE's multi-year trend.
How much debt does GAIN have?
As of FY2026, GLADSTONE INVESTMENT CORPORATION\DE reported $564M of total debt against $2M of cash.
What is GAIN's profit margin?
In FY2026, gross margin was —, operating margin —, and net margin —.
What is GAIN's P/E ratio?
As of Jun '26, GLADSTONE INVESTMENT CORPORATION\DE traded at a price-to-earnings ratio of about 3.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.