NASDAQ : GLAD
Gladstone Capital Corporation — Financial statements
Financials · Asset Management · United States
Last price 18.97 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 428.59M
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Financial statements
Gladstone Capital Corporation (GLAD) reported revenue of 98.93M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.15M | 1.05M | 1.31M | 644.00K | 4.79M | 202.00K |
| Other Revenue | 97.78M | 88.07M | 95.31M | 85.79M | 58.36M | 53.59M |
| Revenue | 98.93M | 89.12M | 96.62M | 86.43M | 63.15M | 53.79M |
| Gross Profit | 98.93M | 89.12M | 96.62M | 86.43M | 63.15M | 53.79M |
| Selling, General & Admin | 26.60M | 21.64M | 26.98M | 23.04M | 16.73M | 14.81M |
| Operating Expenses | 26.60M | 21.64M | 26.98M | 23.04M | 16.73M | 14.81M |
| Operating Income | 72.33M | 67.49M | 69.64M | 63.40M | 46.42M | 38.98M |
| Interest Expense | -28.88M | -23.20M | -23.79M | -22.38M | -14.14M | -12.86M |
| Other Non Operating Income (Expenses) | -1.70M | 274.00K | 3.95M | 319.00K | -243.00K | -1.35M |
| EBT Excluding Unusual Items | 41.75M | 44.56M | 49.80M | 41.34M | 32.04M | 24.77M |
| Gain (Loss) on Sale of Investments | 6.40M | 12.63M | 44.71M | 1.33M | -12.12M | 59.53M |
| Pretax Income | 48.15M | 57.19M | 94.51M | 42.67M | 19.91M | 84.30M |
| Net Income | 48.15M | 57.19M | 94.51M | 42.67M | 19.91M | 84.30M |
| Net Income to Common | 48.15M | 57.19M | 94.51M | 42.67M | 19.91M | 84.30M |
| Shares Outstanding (Basic) | 22.56M | 22.36M | 21.78M | 18.66M | 17.18M | 16.62M |
| Shares Outstanding (Diluted) | 27.19M | 22.66M | 21.78M | 18.66M | 17.18M | 16.62M |
| EPS (Basic) | 2.13 | 2.56 | 4.34 | 2.29 | 1.16 | 5.07 |
| EPS (Diluted) | 2.07 | 2.55 | 4.34 | 2.29 | 1.16 | 5.07 |
| Dividend Per Share | 1.84 | 1.98 | 1.98 | 1.84 | 1.52 | 1.56 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 73.11% | 75.72% | 72.07% | 73.35% | 73.51% | 72.47% |
| Profit Margin | 48.67% | 64.17% | 97.81% | 49.36% | 31.53% | 156.71% |
| EBIT | 72.33M | 67.49M | 69.64M | 63.40M | 46.42M | 38.98M |
| EBIT Margin | 73.11% | 75.72% | 72.07% | 73.35% | 73.51% | 72.47% |
| Revenue as Reported | 89.12M | 89.12M | 96.62M | 86.43M | 63.15M | 53.79M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.35M | 32.37M | 2.17M | 1.31M | 2.01M | 671.00K |
| Cash & Short-Term Investments | 2.35M | 32.37M | 2.17M | 1.31M | 2.01M | 671.00K |
| Accounts Receivable | 6.03M | 5.70M | 5.92M | 6.10M | 2.74M | 2.36M |
| Other Receivables | 3.11M | 4.79M | 2.80M | 2.94M | 3.20M | 2.95M |
| Receivables | 9.13M | 10.49M | 8.72M | 9.04M | 5.94M | 5.31M |
| Restricted Cash | 132.00K | 95.00K | 96.00K | 175.00K | ||
| Other Current Assets | 2.60M | 2.40M | 1.70M | 800.00K | 500.00K | 700.00K |
| Total Current Assets | 14.08M | 45.26M | 12.73M | 11.24M | 8.54M | 6.86M |
| Long-Term Investments | 165.31M | 162.81M | 45.36M | 41.27M | 74.80M | 103.01M |
| Long-Term Deferred Charges | 1.46M | 1.95M | 1.05M | 1.33M | 836.00K | 1.03M |
| Other Long-Term Assets | 789.27M | 697.58M | 753.33M | 665.65M | 576.78M | 455.60M |
| Total Assets | 970.12M | 907.60M | 812.47M | 719.50M | 660.97M | 566.50M |
| Accounts Payable | 1.38M | 1.19M | 1.23M | 1.01M | 500.00K | 490.00K |
| Accrued Expenses | 7.57M | 6.77M | 7.43M | 7.37M | 5.09M | 4.47M |
| Total Current Liabilities | 8.95M | 7.96M | 8.66M | 8.38M | 5.59M | 4.96M |
| Long-Term Debt | 429.88M | 397.86M | 324.61M | 300.91M | 339.41M | 237.11M |
| Other Long-Term Liabilities | 540.00K | 359.00K | 461.00K | 1.51M | 486.00K | 5.99M |
| Total Liabilities | 439.38M | 406.18M | 333.73M | 310.80M | 345.48M | 248.06M |
| Common Stock | 45.00K | 45.00K | 44.00K | 44.00K | 35.00K | 34.00K |
| Additional Paid-In Capital | 501.62M | 501.63M | 492.31M | 481.48M | 395.54M | 392.49M |
| Retained Earnings | -15.95M | -2.15M | -46.70M | -55.38M | -73.65M | -85.19M |
| Comprehensive Income & Other | -17.49M | 25.25M | -17.45M | -6.44M | 11.10M | |
| Total Common Equity | 485.72M | 482.04M | 470.89M | 408.69M | 315.49M | 318.44M |
| Shareholders' Equity | 530.74M | 501.42M | 478.74M | 408.69M | 315.49M | 318.44M |
| Total Liabilities & Equity | 970.12M | 907.60M | 812.47M | 719.50M | 660.97M | 566.50M |
| Total Debt | 429.88M | 397.86M | 324.61M | 300.91M | 339.41M | 237.11M |
| Net Cash (Debt) | -427.53M | -365.49M | -322.44M | -299.61M | -337.40M | -236.44M |
| Net Cash Per Share | -15.72 | -16.13 | -14.80 | -16.06 | -19.64 | -14.23 |
| Filing Date Shares Outstanding | 22.59M | 22.59M | 22.33M | 21.75M | 17.57M | 17.15M |
| Total Common Shares Outstanding | 22.59M | 22.59M | 22.23M | 21.75M | 17.37M | 17.15M |
| Working Capital | 5.13M | 37.30M | 4.07M | 2.86M | 2.96M | 1.90M |
| Book Value Per Share | 21.50 | 21.34 | 21.18 | 18.79 | 18.17 | 18.57 |
| Tangible Book Value | 485.72M | 482.04M | 470.89M | 408.69M | 315.49M | 318.44M |
| Tangible Book Value Per Share | 21.50 | 21.34 | 21.18 | 18.79 | 18.17 | 18.57 |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 48.15M | 57.19M | 94.51M | 42.67M | 19.91M | 84.30M |
| Other Amortization | 2.81M | 2.29M | 1.86M | 1.53M | 1.18M | 1.35M |
| Loss (Gain) From Sale of Assets | 1.70M | -274.00K | -3.95M | -319.00K | 243.00K | 1.35M |
| Loss (Gain) From Sale of Investments | -5.78M | -13.47M | -44.54M | -1.22M | 11.68M | -58.65M |
| Other Operating Activities | -196.60M | -49.12M | -42.95M | -53.67M | -103.59M | -45.17M |
| Change in Accounts Receivable | 23.00K | 221.00K | 177.00K | -3.36M | -376.00K | 640.00K |
| Change in Accounts Payable | 556.00K | -42.00K | 224.00K | 506.00K | 10.00K | 113.00K |
| Change in Other Net Operating Assets | -1.62M | -2.29M | -2.09M | 3.00M | -5.45M | 2.01M |
| Operating Cash Flow | -150.76M | -5.49M | 3.24M | -10.86M | -76.40M | -14.06M |
| Long-Term Debt Issued | 479.26M | 221.20M | 206.00M | 378.90M | 388.80M | |
| Long-Term Debt Repaid | -402.60M | -198.40M | -243.00M | -276.41M | -373.80M | |
| Net Debt Issued (Repaid) | 150.26M | 76.66M | 22.80M | -37.00M | 102.49M | 15.00M |
| Issuance of Common Stock | 7.11M | 9.58M | 11.00M | 87.39M | 4.53M | 26.85M |
| Common Dividends Paid | -43.89M | -55.48M | -43.14M | -35.41M | -27.32M | -25.97M |
| Other Financing Activities | -6.18M | -6.75M | -840.00K | -4.83M | -2.04M | -3.44M |
| Financing Cash Flow | 137.80M | 35.55M | -2.34M | 10.15M | 77.66M | 12.44M |
| Net Cash Flow | -12.95M | 30.07M | 903.00K | -706.00K | 1.26M | -1.62M |
| Levered Free Cash Flow | 29.08M | 26.94M | 30.17M | 26.56M | 21.63M | 18.41M |
| Unlevered Free Cash Flow | 44.32M | 39.15M | 43.18M | 39.01M | 29.30M | 25.10M |
| Cash Interest Paid | 24.58M | 19.76M | 21.75M | 20.41M | 12.25M | 10.90M |
| Change in Working Capital | -1.04M | -2.11M | -1.69M | 143.00K | -5.82M | 2.76M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 428.59M | 488.35M | 523.19M | 372.11M | 291.24M | 387.64M |
| Enterprise Value | 901.15M | 769.95M | 847.33M | 732.12M | 567.84M | 595.80M |
| Last Close Price | 19.56 | 19.60 | 14.34 | 11.48 | 14.23 | |
| PE Ratio | 9.24 | 8.54 | 5.54 | 8.72 | 14.62 | 4.60 |
| Forward PE | 9.86 | 10.81 | 11.51 | 8.24 | 9.65 | 14.49 |
| PS Ratio | 4.33 | 5.48 | 5.42 | 4.30 | 4.61 | 7.21 |
| PB Ratio | 0.88 | 0.97 | 1.09 | 0.91 | 0.92 | 1.22 |
| P/TBV Ratio | 0.88 | 1.01 | 1.11 | 0.91 | 0.92 | 1.22 |
| P/OCF Ratio | 161.48 | |||||
| PEG Ratio | 2.85 | 2.85 | 2.85 | 2.85 | 4.83 | |
| EV/Sales Ratio | 9.11 | 8.64 | 8.77 | 8.47 | 8.99 | 11.08 |
| EV/EBIT Ratio | 12.46 | 11.41 | 12.17 | 11.55 | 12.23 | 15.28 |
| Debt / Equity Ratio | 0.81 | 0.79 | 0.68 | 0.74 | 1.08 | 0.74 |
| Net Debt / Equity Ratio | 0.81 | 0.73 | 0.67 | 0.73 | 1.07 | 0.74 |
| Asset Turnover | 0.11 | 0.10 | 0.13 | 0.12 | 0.10 | 0.10 |
| Quick Ratio | 1.28 | 5.38 | 1.26 | 1.23 | 1.42 | 1.21 |
| Current Ratio | 1.57 | 5.69 | 1.47 | 1.34 | 1.53 | 1.38 |
| Return on Equity (ROE) | 9.45% | 11.67% | 21.30% | 11.78% | 6.28% | 30.53% |
| Return on Assets (ROA) | 5.17% | 4.90% | 5.68% | 5.74% | 4.73% | 4.75% |
| Return on Capital Employed (ROCE) | 7.50% | 7.50% | 8.70% | 8.90% | 7.10% | 6.90% |
| Earnings Yield | 10.82% | 11.71% | 18.06% | 11.47% | 6.84% | 21.75% |
| Dividend Yield | 9.39% | 9.16% | 8.41% | 10.79% | 9.06% | 6.90% |
| Payout Ratio | 95.47% | 97.01% | 45.65% | 82.98% | 137.20% | 30.81% |
| Buyback Yield / Dilution | -22.45% | -4.04% | -16.74% | -8.63% | -3.36% | -7.07% |
| Total Shareholder Return | -13.06% | 5.12% | -8.33% | 2.16% | 5.70% | -0.16% |