Gladstone Capital Corp Q3 Financial Results

By Ahmed Jameison • Tuesday, August 05 06:09 • Permanent Link

Gladstone Capital Corporation (NASDAQ: GLAD) released its financial results for the third quarter ended June 30, 2025. Here are the key highlights and changes compared to the previous quarter:

Total investment income for the quarter ended June 30, 2025, was $21,657, a slight increase of $88 thousand or 0.4% from the quarter ended March 31, 2025.
Total expenses, net of credits, remained relatively unchanged quarter over quarter, with a marginal increase of $39 thousand or 0.4%.
Net investment income for the quarter ended June 30, 2025, was $11,294, a $49 thousand or 0.4% increase from the previous quarter.
Net investment income per common share remained unchanged at $0.50.
The company reported a net realized loss of $3,620 for the quarter ended June 30, 2025, compared to a net realized gain of $7,706 in the previous quarter.
Net unrealized appreciation (depreciation) showed a significant improvement, shifting from a loss of $9,963 in the previous quarter to a gain of $15 in the current quarter.
The net increase (decrease) in net assets resulting from operations decreased by $1,349 or 15.3% from the previous quarter, totaling $7,448 for the quarter ended June 30, 2025.
The weighted average yield on interest-bearing investments increased by 0.2% to 12.8% compared to the previous quarter.
Total invested capital saw a substantial increase, rising by $27,357 thousand or 60.0% from the previous quarter.
Total investments, at fair value, decreased by $11,376 thousand, or 1.5%, from the previous quarter.
The fair value, as a percent of cost, remained unchanged at 96.6%.
Net asset value per common share decreased by $0.16 or 0.7% from the previous quarter, amounting to $21.25 as of June 30, 2025.

The company also provided highlights of its third fiscal quarter, including portfolio activity and credit facility updates. Additionally, subsequent events, such as portfolio activity and distributions and dividends declared, were outlined.

Bob Marcotte, President of Gladstone Capital, commented on the company's performance and expressed confidence in its ability to support shareholder distributions in the upcoming quarters.

The company will hold its earnings release conference call on Tuesday, August 5, 2025, at 8:30 a.m. Eastern Time.

For more details and comprehensive financial information, readers are encouraged to review the company’s Form 10-Q for the quarter ended June 30, 2025. The market has reacted to these announcements by moving the company's shares -1.3% to a price of $26.915. For more information, read the company's full 8-K submission here.

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