Gladstone Capital (GLAD) Financial Statements & Analysis

Gladstone Capital (GLAD) Income Statement

Gladstone Capital reported revenue of $89.12M in fiscal 2025 (fiscal year ended Sep 30, 2025), down 7.8% from $96.62M a year earlier. Net income was $45.21M, down 1.8% year over year, a net margin of 50.7%. Gross margin was 100.0% and operating margin 75.7%. In the most recent quarter, Q3 fiscal 2026 (ended Jun 30, 2026), revenue was $20.80M, down 3.9% from the same quarter a year earlier.

Gladstone Capital Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Gladstone Capital Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Revenue & Gross Profit
Revenue	89.12	96.62	44.98	33.03	53.79	8.10	32.32	28.76	24.42
Cost of Revenue	18.43	21.72	20.85	12.97	11.51	9.99	8.04	5.86	3.07
Gross Profit	89.12	96.62	44.98	20.06	53.79	-1.89	24.28	22.90	21.35
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	21.64	26.98	12.23	10.10	14.81	9.35	8.42	8.26	7.19
Operating Expenses	21.64	26.98	2.31	0.15	14.81	-0.01	4.41	4.25	4.17
Operating Income	67.49	69.64	42.67	19.91	38.98	-1.87	19.87	18.65	17.18
Other Income/Expense
Interest Income	87.28	93.29	83.03	53.99	49.96	46.02	45.77	43.96	37.07
Interest Expense	-23.20	-23.79	20.85	12.97	-12.86	9.99	8.04	5.86	3.07
Other Income/Expense	0.27	3.95	0.00	0.00	-1.35	0.00	0.00	0.00	0.00
Income
Income Before Tax	57.19	94.51	42.67	19.91	84.30	-1.87	19.87	18.65	17.18
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	45.21	46.06	42.67	19.91	84.30	-1.87	19.87	18.65	17.18
Net Income - Continuous Operations	58.11	94.72	42.67	19.91	84.30	-1.87	19.87	18.65	17.18
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	122.28	96.59	42.67	37.01	84.30	-1.87	19.87	18.65	17.18
EBIT	67.49	69.64	63.40	46.42	38.98	-	-	-	-
Depreciation & Amortization	41.89	1.86	0.00	17.09	0.00	0.00	0.00	0.00	0.00
Earnings Per Share
Basic EPS	3.00	4.00	2.00	1.00	5.00	-	1.00	1.00	1.00
Diluted EPS	3.00	4.00	2.00	1.00	5.00	-	1.00	1.00	1.00
Basic Shares Outstanding	22.36	21.78	18.66	17.18	16.62	15.52	14.64	13.55	12.75
Diluted Shares Outstanding	22.66	21.78	18.66	17.18	16.62	15.52	14.64	13.55	12.75

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Gladstone Capital Financial Statements

What was Gladstone Capital's revenue in fiscal 2025?

Gladstone Capital reported revenue of $89.12M in fiscal 2025 (fiscal year ended Sep 30, 2025). That was down 7.8% from $96.62M a year earlier.

Is Gladstone Capital profitable?

Yes. Gladstone Capital earned net income of $45.21M in fiscal 2025, a net margin of 50.7%. In fiscal 2024 it earned $46.06M.

What is Gladstone Capital's operating margin?

Gladstone Capital's operating income was $67.49M on revenue of $89.12M in fiscal 2025, an operating margin of 75.7%, compared with 72.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition