Gladstone Capital (GLAD) Q3 Income Flat

Gladstone Capital (NASDAQ:GLAD), a business development company focused on lending to lower middle market firms, released its third quarter results for fiscal 2025 on August 4, 2025. The headline news was that net investment income per share held steady at $0.50, slightly above expectations. However, GAAP revenue totaled $21.7 million, coming in just below the $21.88 million GAAP consensus. The quarter also saw substantial realized losses, with a $3.62 million net realized loss marking an $11.33 million swing compared to the prior period’s gain in Q2 FY2025. Net Asset Value (NAV) per share slipped 0.7% quarter over quarter. Despite these results, the company kept its quarterly dividend distribution at $0.495 per share, signaling ongoing focus on income stability, but the realized losses and NAV pressure are notable watch points going forward. Source: Analyst estimates for the quarter provided by FactSet. Gladstone Capital provides debt and equity financing to lower middle market companies, focusing largely on secured first lien and second lien loans. These investments are mostly made to firms with proven cash flows and strong market positions, supporting the company’s goal of stable current income and capital appreciation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool