Quarterly ResultMay 12, 2026, 04:32 PM
Gladstone Investment NAV per Share Rises to $16.78; Net Assets Up 12.2% QoQ
AI Summary
Gladstone Investment Corporation reported its financial results for the fourth quarter and fiscal year ended March 31, 2026. The company saw its Net Asset Value per common share increase to $16.78, a 12.2% rise quarter-over-quarter and 23.8% year-over-year, primarily driven by significant net unrealized appreciation of investments. While reporting a net investment loss for both periods, adjusted net investment income remained positive. The company also maintained its monthly distributions, issued new notes, and made several strategic investments in new portfolio companies during the fiscal year.
Key Highlights
- NAV per common share increased to $16.78 as of March 31, 2026, up 12.2% QoQ and 23.8% YoY.
- Net increase in net assets from operations was $82.4 million for Q4 and $184.8 million for FY26.
- Reported a net investment loss of $10.6 million ($0.27 per share) for Q4 and $3.8 million ($0.10 per share) for FY26.
- Adjusted net investment income was $0.20 per share for Q4 and $0.88 per share for FY26.
- Net unrealized appreciation totaled $92.8 million for Q4 and $216.1 million for FY26.
- Paid monthly distributions of $0.08 per common share and a $0.54 supplemental distribution in June 2025.
- Issued $100.0 million of 7.125% Notes due 2031 and repaid $127.9 million of 5.00% 2026 Notes post-quarter.
- Invested $173.6 million in new portfolio companies during the fiscal year.
Price Impact
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