Gladstone Capital
Provides debt and equity financing to established private U.S. businesses.
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Profile
Provides debt and equity financing to established private U.S. businesses. It is an externally managed BDC that relies on Gladstone Management Corporation to execute strategy and risk management.
Invests in debt and equity securities of established private U.S. businesses. Gladstone Management Corporation acts as its investment adviser under an externally managed structure.
As a closed-end, non-diversified management investment company, it has elected BDC status under the Investment Company Act of 1940 and RIC tax treatment. It has no employees or separate facilities and relies on its adviser to implement business strategy and risk-management practices. Since the 2001 IPO, it has made loans or investments across hundreds of companies. The adviser arrangement is central to its operating model. The externally managed structure shapes its operations.
Company facts
Categories
Key statistics
Year to date −3.7% · Average volume (30d) 166.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Feb 6, 2026 | Jefferies | Target | $21 | |
| Nov 19, 2025 | Oppenheimer | Target | $22 | |
| Nov 19, 2025 | B.Riley Financial | Target | $23 | $22 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q3 FY26 | $0.48 | $0.49 | +2.9% | $24.9M | $24.5M | −1.6% | −1.40% |
| May 6, 2026Q2 FY26 | $0.49 | $0.52 | +6.1% | $25.2M | $26.0M | +3.2% | +4.06% |
| Feb 4, 2026Q1 FY26 | $0.48 | $0.50 | +4.2% | $24.4M | $24.5M | +0.6% | −5.68% |
| Nov 17, 2025Q4 FY25 | $0.50 | $0.52 | +3.2% | $22.7M | $20.4M | −10.1% | +5.81% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.5M | $12.1M | $20.4M | $12.6M | $25.4M | $20.8M | |
| Gross profit | $8.4M | $7.7M | $14.7M | $6.6M | $18.8M | $14.3M | |
| Operating income | $9.0M | $7.7M | $14.3M | $5.9M | $22.6M | $14.0M | |
| Net income | $9.0M | $7.7M | $14.3M | $5.9M | $16.0M | $14.0M | |
| Diluted EPS | $0.39 | $0.33 | $0.59 | $0.19 | $0.63 | $0.47 | |
| Gross margin | 62.7% | 63.3% | 71.7% | 52.8% | 73.8% | 68.9% | |
| Operating margin | 66.8% | 63.5% | 69.9% | 47.1% | 88.7% | 67.3% |
Fiscal years (4-quarter sums)FY21 $97.6M · FY22 $33.0M · FY23 $65.8M · FY24 $120.3M · FY25 $77.6M
Balance sheet, Jun 30, 2026Cash & short-term investments $2.4M · Total debt $429.9M · Total assets $970.1M · Shareholders' equity $530.7M
Dividends
Raised for 5 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Aug 31 | $0.15 | |
| Jul 24, 2026 | Jul 24 | Jul 31 | $0.15 | |
| Jun 23, 2026 | Jun 23 | Jun 30 | $0.15 | |
| May 20, 2026 | May 20 | May 29 | $0.15 | |
| Apr 24, 2026 | Apr 24 | Apr 30 | $0.15 | |
| Mar 23, 2026 | Mar 23 | Mar 31 | $0.15 | |
| Feb 18, 2026 | Feb 18 | Feb 27 | $0.15 | |
| Jan 23, 2026 | Jan 23 | Jan 30 | $0.15 |
Ownership
Shares outstanding 22.59M · Float 22.56M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 456.2K | 2.02% | 13F | Aug 14, 2026 |
| UBS Group AG | 286.9K | 1.27% | 13F | Aug 13, 2026 |
| Legal & General Group PLC | 182.1K | 0.81% | 13F | Aug 14, 2026 |
| Two Sigma Investments, LP | 162.6K | 0.72% | 13F | Aug 14, 2026 |
| B. Riley Wealth Advisors, Inc. | 135.6K | 0.60% | 13F | Jul 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 20, 2025 | Nicole Frances Dubas Schaltenbrand | officer: CFO and Treasurer | +496 | $20.16 |
Peers
- Main Street Capital
Customized lower-middle-market debt and equity financing
- Capital Southwest
Lower-middle-market first-lien debt and equity financing
- Oaktree Specialty Lending
Flexible debt and equity solutions for middle-market companies
- Bain Capital Specialty Finance
Directly originated secured debt and equity for middle-market companies
- PennantPark Investment
Debt and equity investments for U.S. middle-market companies
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gladstone Capital | $20.09 | +0.85% | $449.5M | 10.6 | 10.1 | 5.7 | +35.8% |
| Main Street Capital | $58.45 | −0.18% | $5.44B | 11.8 | 15.4 | 7.8 | −26.1% |
| Capital Southwest | $25.38 | −0.33% | $1.58B | 14.1 | 10.9 | 6.9 | −21.6% |
| Oaktree Specialty Lending | $13.02 | +0.12% | $1.15B | 26.9 | 9.6 | 4.1 | +12.3% |
| Bain Capital Specialty Finance | $11.93 | 0.00% | $773.9M | 12.0 | 8.3 | 4.0 | −15.4% |
| PennantPark Investment | $3.68 | −0.61% | $241.6M | 23.4 | 6.5 | 2.4 | −16.2% |
| Median | 14.1 | 9.6 | 4.1 | −16.2% |