Core Viewpoint - Gladstone Investment Corporation announced its earnings for the second fiscal quarter ended September 30, 2025, highlighting its financial performance and filing a Quarterly Report with the SEC [1]. Financial Performance - The earnings report reflects the company's financial results for the second fiscal quarter [1]. - The report is available on the SEC's website and the company's investor section [1].

Investment Portfolio - As of September 30, 2025, the investment portfolio consisted of 71.1% in debt investments and 28.9% in equity investments, at cost[169] - From inception through September 30, 2025, the company has invested approximately $2.2 billion in 65 companies, excluding syndicated loans[174] - The fair value of the investment portfolio exceeded the cost basis by $93.7 million as of September 30, 2025, compared to $39.2 million as of June 30, 2025[200] - The ending investment portfolio at fair value increased to $1,130.9 million as of September 30, 2025, compared to $853.3 million in the prior year, representing a growth of approximately 32.5%[222] Financial Performance - The company generated $353.4 million in net realized gains and $45.4 million in other income from exiting 33 portfolio companies, totaling an increase of $398.8 million to net assets[176] - Total investment income for the three months ended September 30, 2025, increased by $2.7 million, or 12.0%, to $25.3 million compared to the prior year period[185] - Interest income rose by $1.7 million, or 8.0%, to $22.7 million for the three months ended September 30, 2025[186] - The net increase in net assets resulting from operations was $28.7 million, an increase of 85.4% compared to $15.5 million in the prior year[184] - Total investment income increased by $4.1 million, or 9.1%, for the six months ended September 30, 2025, compared to the prior year period[203] - The net increase in net assets resulting from operations was $36.5 million for the six months ended September 30, 2025, a significant increase of 307.3% compared to the prior year[201] Expenses and Fees - Total expenses, net of credits from the Adviser, increased by $5.7 million, or 37.5%, to $21.0 million for the three months ended September 30, 2025[192] - The incentive fee increased significantly by $2.975 million, or 133.3%, to $5.2 million for the three months ended September 30, 2025[192] - Total expenses, net of credits from the Adviser, increased by $10.4 million, or 41.6%, during the six months ended September 30, 2025, primarily due to higher incentive fees and interest expenses[209] - The company recorded a capital gains-based incentive fee of $4.7 million for the six months ended September 30, 2025, compared to a reversal of $2.2 million in the prior year[210] Investment Losses and Gains - The company recorded a net realized loss of $29.9 million on investments for the three months ended September 30, 2025, compared to a net realized gain of $42.3 million in the prior year[184] - For the three months ended September 30, 2025, the company recorded net realized losses on investments of $29.9 million, primarily due to the restructuring of J.R. Hobbs[197] - The net unrealized appreciation of investments for the same period was $54.5 million, driven by improved performance of certain portfolio companies and the reversal of previously recorded unrealized depreciation related to J.R. Hobbs[198] - Net realized losses on investments were $29.9 million for the six months ended September 30, 2025, compared to net realized gains of $42.3 million in the prior year, indicating a significant decline[215] - Net unrealized appreciation of investments was $53.4 million for the six months ended September 30, 2025, primarily due to improved performance of certain portfolio companies[216] Debt and Financing - The total commitment amount of the Credit Facility is $270.0 million, with a potential total commitment of $300.0 million[177] - As of September 30, 2025, the company had $97.7 million of borrowings outstanding on the Credit Facility[237] - The 5.00% Notes due 2026 have an aggregate principal amount of $127.9 million, with annual interest payments of $6.4 million[240] - The 4.875% Notes due 2028 have an aggregate principal amount of $134.6 million, with annual interest payments of $6.6 million[243] - The company completed a public offering of the 8.00% 2028 Notes with an aggregate principal amount of $74.8 million, resulting in net proceeds of approximately $72.3 million after deducting $2.5 million in underwriting discounts and offering costs[246][248] - The 7.875% 2030 Notes were offered with an aggregate principal amount of $126.5 million, yielding net proceeds of approximately $122.4 million after deducting $4.1 million in underwriting discounts and offering costs[249][251] Shareholder Distributions - Monthly cash distributions to common stockholders for the quarter totaled $0.24 per common share[182] - Monthly cash distributions of $0.08 per common share were paid for six months from April to September 2025, along with a supplemental distribution of $0.54 per common share in June 2025[225] Regulatory and Compliance - The company intends to maintain its qualification as a RIC under Subchapter M of the Code, requiring it to distribute at least 90% of its Investment Company Taxable Income[260] - The company anticipates issuing equity securities to obtain additional capital in the future, subject to regulatory constraints when trading below NAV[234] Risk Management - The average risk rating for loans in the company's portfolio was 7.4 as of September 30, 2025, compared to 7.0 on March 31, 2025[259] - The company uses a proprietary risk rating system to estimate the probability of default on debt securities, with a scale from 0 to >10, where >10 indicates the lowest probability of default[258] - The company targets approximately 90% of loans in its portfolio to be at variable rates, with all variable-rate loans linked to the current 30-day SOFR rate as of September 30, 2025[264]

Core Viewpoint - Gladstone Investment Corporation is set to hold its earnings call for the second fiscal quarter ended September 30, 2025, on November 5, 2025, at 8:30 a.m. ET [1] Event Details - The earnings call will be accessible via webcast at the provided link [1] - Participants can also join the call by phone by calling (866) 373-3416 [1] - A replay of the conference call will be available after the event and can be accessed until November 12, 2025 [1]

Core Viewpoint - The article expresses a bullish sentiment on Gladstone Investment (NASDAQ: GAIN), highlighting its attractive monthly yield of 10% since the initial coverage in December 2023 [1]. Group 1: Company Overview - Gladstone Investment is recognized for its significant yield, which is appealing to investors seeking regular income [1]. - The company has been under positive analysis since December 2023, indicating a sustained interest and confidence in its performance [1]. Group 2: Analyst Background - The analyst, Roberts Berzins, has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [1]. - Berzins has contributed to the institutionalization of the REIT framework in Latvia, aiming to enhance liquidity in the pan-Baltic capital markets [1]. - His expertise includes developing national SOE financing guidelines and frameworks for private capital investment in affordable housing [1].

Core Insights - The article focuses on Gladstone Investment Corporation (NASDAQ: GAIN) as a notable business development company (BDC) and discusses its financial instruments and offerings [1]. Company Overview - Gladstone Investment Corporation is highlighted for its role in providing financial instruments to investors, indicating its significance in the BDC sector [1]. Investment Strategies - The article mentions the availability of a free trial for active investors to engage with sophisticated traders and investors, suggesting a community-oriented approach to investment [1]. - It also emphasizes the importance of discussing investment ideas in detail, which may enhance decision-making for investors [1].

Group 1 - The article focuses on Gladstone Investment Corporation (NASDAQ: GAIN) as a notable Business Development Company (BDC) and discusses its financial instruments and offerings [1] - The investing group Trade With Beta, led by Denislav, provides features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [2] - The article emphasizes the importance of active investor participation and the availability of a chat room for discussions among sophisticated traders and investors [1][2] Group 2 - The article does not provide specific financial data or performance metrics related to Gladstone Investment Corporation [1][2][3] - There is no mention of any recent news events or market trends affecting the BDC industry or Gladstone Investment Corporation specifically [1][2][3]

Financial Data and Key Metrics Changes - For Q1 2026, the company reported adjusted net investment income (NII) of $0.24 per share, down from $0.26 per share in the prior quarter [6][15] - Total investment income decreased to $23.5 million from $27.5 million in the previous quarter, primarily due to the absence of a one-time success fee and dividend income [13] - Net investment income for the quarter was $9.1 million compared to $7.2 million in the prior quarter [15] - The net asset value (NAV) decreased to $12.99 per share from $13.55 per share, influenced by distributions to shareholders and unrealized depreciation [16][17] Business Line Data and Key Metrics Changes - The company invested approximately $130 million in three new portfolio companies during the first quarter, compared to $221 million for the entire fiscal year 2025 [7] - The portfolio currently consists of 28 operating businesses, with a total investment of about $2.1 billion across 64 buyout portfolio companies since inception [9] Market Data and Key Metrics Changes - The company noted a competitive environment in the M&A market, with liquidity present but valuations remaining challenging [10] - Some consumer-focused portfolio companies have shown good results, although there are concerns regarding supply chain disruptions and tariff impacts on margins [11] Company Strategy and Development Direction - The company aims to grow its portfolio through acquisitions at attractive valuations, utilizing a combination of equity and debt investments [7] - The strategy includes generating capital gains and maintaining monthly distributions to shareholders, with a focus on liquidity and flexibility to support portfolio growth [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about new buyout activity for the remainder of the fiscal year, despite uncertainties in the economic landscape [10] - The company is cautious about potential impacts from tariffs and supply chain issues but remains confident in the overall health of its portfolio [11] Other Important Information - The company maintained a monthly distribution of $0.08 per share, with a supplemental distribution of $0.54 per share paid in June [8][18] - The asset coverage ratio stood at 189%, providing a cushion above the required 150% coverage ratio [18] Q&A Session Summary Question: Is the recent acquisition pace indicative of better deal flow? - Management indicated that while the M&A market is competitive, they are seeing good quality deal flow and are actively pursuing acquisitions [23][24] Question: Are there signs of weakening performance across portfolio companies? - Management noted that while there is caution, overall activity levels remain stable, with some consumer companies even experiencing increased activity despite tariff impacts [26][27] Question: What is the current level of undistributed taxable income (UTI)? - Management confirmed comfort with the current UTI level and continues to monitor it on a quarterly basis [28][29] Question: Can you provide insights on Diligent Delivery Systems? - Management stated they are continuing to manage the investment and are working on restructuring, with no immediate dramatic changes planned [34][35] Question: What drove the increase in yield on interest-bearing investments? - The yield increase was primarily due to the collection of past due interest, with the underlying yield remaining consistent with previous quarters [40][41] Question: Are there changes in deal structures among competitors? - Management indicated that while competition exists, their unique strategy allows them to maintain strong underwriting standards without significant changes in structure [44][45]

Core Insights - Gladstone Investment (GAIN) reported revenue of $23.54 million for the quarter ended June 2025, reflecting a 6.2% increase year-over-year [1] - The earnings per share (EPS) remained stable at $0.24, matching the EPS from the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $23.95 million, resulting in a revenue surprise of -1.68% [1] - The company achieved an EPS surprise of +4.35%, exceeding the consensus EPS estimate of $0.23 [1] Financial Performance Metrics - Interest income from affiliate investments was reported at $6.19 million, slightly below the average estimate of $6.38 million from two analysts [4] - Interest income from cash and cash equivalents was $0.2 million, outperforming the average estimate of $0.07 million [4] - Interest income from non-control/non-affiliate investments was $15.26 million, which was lower than the estimated $16.04 million [4] - Total interest income amounted to $21.65 million, compared to the average estimate of $22.49 million [4] Stock Performance - Over the past month, shares of Gladstone Investment have returned +1.1%, while the Zacks S&P 500 composite increased by +2% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance against the broader market in the near term [3]

分组1 - Gladstone Investment (GAIN) reported quarterly earnings of $0.24 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, with an earnings surprise of +4.35% [1] - The company posted revenues of $23.54 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.68%, compared to year-ago revenues of $22.18 million [2] - Over the last four quarters, Gladstone Investment has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] 分组2 - The stock has gained approximately 7.7% since the beginning of the year, while the S&P 500 has increased by 8.4% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the coming quarter is $0.23 on $24.35 million in revenues, and $0.89 on $97.14 million in revenues for the current fiscal year [7] 分组3 - The Zacks Industry Rank indicates that the Financial - SBIC & Commercial Industry is currently in the bottom 27% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5] - The estimate revisions trend for Gladstone Investment was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6]

[Introduction](index=1&type=section&id=Introduction) Gladstone Investment Corporation announced its Q1 FY2025 financial results, with the full report available on the SEC website [Company Announcement](index=1&type=section&id=Company%20Announcement) Gladstone Investment Corporation announced its financial results for the first fiscal quarter ended June 30, 2025, with the full report available on the SEC's website and the company's investor section - Gladstone Investment Corporation (Nasdaq:GAIN) announced earnings for its first fiscal quarter ended June 30, 2025[1](index=1&type=chunk) - The full Quarterly Report on Form 10-Q was filed with the U.S. Securities and Exchange Commission (SEC) on August 12, 2025[1](index=1&type=chunk) [Financial Summary and Key Metrics](index=1&type=section&id=Financial%20Summary%20and%20Key%20Metrics) The company reported decreased total investment income but increased net investment income, with a decline in NAV per share and growth in total investments [Summary Financial Data](index=1&type=section&id=Summary%20Financial%20Data) The company reported a decrease in total investment income but an increase in net investment income for the quarter ended June 30, 2025, compared to the previous quarter, primarily due to a significant reduction in total expenses. Net asset value per common share saw a decline Summary Financial Performance (QoQ) | Metric | June 30, 2025 ($) | March 31, 2025 ($) | $ Change ($) | % Change (%) | | :------------------------------------------ | :------------ | :------------- | :------- | :------- | | Total investment income | $23,544 | $27,548 | $(4,004) | (14.5)% | | Total expenses, net | $14,456 | $20,319 | $(5,863) | (28.9)% | | Net investment income | $9,088 | $7,229 | $1,859 | 25.7 % | | Net realized gain | — | $20,879 | $(20,879) | (100.0)% | | Net unrealized depreciation | $(1,316) | $(10,235) | $8,919 | (87.1)% | | Net increase in net assets from operations | $7,772 | $17,873 | $(10,101) | (56.5)% | | Net investment income per weighted-average common share | $0.25 | $0.20 | $0.05 | 25.0 % | | Adjusted net investment income per weighted-average common share | $0.24 | $0.26 | $(0.02) | (7.7)% | | Net asset value per common share | $12.99 | $13.55 | $(0.56) | (4.1)% | | Total investments, at fair value | $1,036,745 | $979,320 | $57,425 | 5.9 % | | Number of portfolio companies | 27 | 25 | 2 | 8.0 % | [Quarterly Highlights and Performance Analysis](index=2&type=section&id=Quarterly%20Highlights%20and%20Performance%20Analysis) Key quarterly activities included ATM program sales, distributions, and new portfolio investments, alongside detailed income and expense analysis [Distributions and ATM Program Activity](index=2&type=section&id=Distributions%20and%20ATM%20Program%20Activity) During the quarter, the company sold common stock under its ATM program, raising net proceeds above NAV, and paid regular and supplemental distributions to common stockholders - Sold **515,295 shares** of common stock under the ATM program at a weighted-average gross price of **$14.23 per share**, raising approximately **$7.2 million** in **net proceeds**. These sales were **net proceeds above NAV**[3](index=3&type=chunk) - Paid an **$0.08 per common share** distribution to common stockholders in each of April, May, and June 2025[7](index=7&type=chunk) - Paid a **$0.54 per common share** supplemental distribution to common stockholders in June 2025[7](index=7&type=chunk) [First Quarter Results Overview](index=2&type=section&id=First%20Quarter%20Results%20Overview) Net investment income for the quarter ended June 30, 2025, increased to $9.1 million, or $0.25 per weighted-average common share, compared to $7.2 million, or $0.20 per share, in the prior quarter, primarily driven by a decrease in total expenses Net Investment Income (QoQ) | Metric | June 30, 2025 ($) | March 31, 2025 ($) | $ Change ($) | % Change (%) | | :------------------------------------------ | :------------ | :------------- | :------- | :------- | | Net investment income | $9.1 million | $7.2 million | $1.9 million | 26.4% | | Net investment income per weighted-average common share | $0.25 | $0.20 | $0.05 | 25.0% | - The increase in **net investment income** was a result of a **decrease in total expenses**, net of credits, primarily due to lower accruals for capital gains-based and income-based incentive fees, decreased interest expense, and increased credits from the Adviser, partially offset by a decrease in **total investment income**[3](index=3&type=chunk) [Total Investment Income Analysis](index=2&type=section&id=Total%20Investment%20Income%20Analysis) Total investment income decreased quarter-over-quarter due to lower success fee and dividend income, partially offset by an increase in interest income from the collection of past due interest from a previously non-accrual portfolio company Total Investment Income (QoQ) | Metric | June 30, 2025 ($) | March 31, 2025 ($) | $ Change ($) | % Change (%) | | :---------------------- | :------------ | :------------- | :------- | :------- | | Total investment income | $23.5 million | $27.5 million | $(4.0) million | (14.5)% | - The decrease was due to a **$3.5 million** decrease in success fee income and a **$0.7 million** decrease in dividend income[4](index=4&type=chunk) - Partially offset by a **$0.1 million** increase in interest income, primarily from the collection of **$1.5 million** of past due interest from a portfolio company previously on non-accrual status[4](index=4&type=chunk) [Total Expenses Analysis](index=2&type=section&id=Total%20Expenses%20Analysis) Total expenses, net of credits, significantly decreased quarter-over-quarter, primarily driven by lower accruals for capital gains-based and income-based incentive fees, reduced interest expense, and increased credits from the Adviser Total Expenses, Net of Credits (QoQ) | Metric | June 30, 2025 ($) | March 31, 2025 ($) | $ Change ($) | % Change (%) | | :---------------------- | :------------ | :------------- | :------- | :------- | | Total expenses, net | $14.5 million | $20.3 million | $(5.8) million | (28.9)% | - The decrease was primarily due to a **$2.3 million** decrease in accruals for capital gains-based incentive fees, a **$2.3 million** decrease in income-based incentive fees, and a **$0.5 million** decrease in interest expense[5](index=5&type=chunk) - The decrease was also due to a **$0.4 million** increase in credits from the Adviser[5](index=5&type=chunk) [Net Asset Value per Common Share](index=2&type=section&id=Net%20Asset%20Value%20per%20Common%20Share) Net asset value per common share declined to $12.99 as of June 30, 2025, from $13.55 as of March 31, 2025, mainly due to distributions paid and net unrealized depreciation, partially offset by net investment income and the accretive effect of equity offerings Net Asset Value per Common Share (QoQ) | Metric | June 30, 2025 ($) | March 31, 2025 ($) | $ Change ($) | % Change (%) | | :-------------------------- | :------------ | :------------- | :------- | :------- | | Net asset value per common share | $12.99 | $13.55 | $(0.56) | (4.1)% | - The decrease was primarily due to **$28.8 million** (**$0.78 per common share**) of distributions paid to common shareholders and **$1.3 million** (**$0.04 per common share**) of **net unrealized depreciation** on investments[6](index=6&type=chunk) - These decreases were partially offset by **$9.1 million** (**$0.25 per common share**) of **net investment income** and **$0.01 per common share** of **net accretive effect of equity offering**[6](index=6&type=chunk) [Portfolio Activity](index=2&type=section&id=Portfolio%20Activity) During the quarter, the company made two new investments totaling $62.3 million in Smart Chemical Solutions and Sun State Nursery and Landscaping, and restructured its investment in PSI Molded Plastics - Invested **$49.5 million** in Smart Chemical Solutions, LLC (Midland, Texas), a provider of production chemicals for onshore oil and gas operators, in the form of **$35.7 million secured first lien debt** and **$13.8 million preferred equity**[7](index=7&type=chunk) - Invested **$12.8 million** in Sun State Nursery and Landscaping, LLC (Jacksonville, Florida), a commercial landscaping provider, in the form of **$9.8 million secured first lien debt** and **$3.1 million preferred equity**[7](index=7&type=chunk) - Restructured investment in PSI Molded Plastics, Inc., converting debt with a cost basis of **$10.6 million** into **preferred equity**[7](index=7&type=chunk) [Subsequent Events](index=3&type=section&id=Subsequent%20Events) Post-quarter events include a significant new investment, declared monthly distributions, and continued ATM program activity [Significant Investment Activity](index=3&type=section&id=Significant%20Investment%20Activity) After the quarter ended, the company made a significant new investment in Global GRAB Technologies, Inc., a provider of perimeter security systems - In July 2025, invested **$67.6 million** in Global GRAB Technologies, Inc., a provider of turnkey perimeter security and hostile vehicle mitigation systems[8](index=8&type=chunk) - The investment in Global GRAB Technologies consisted of **$46.5 million** of **secured first lien debt** and **$21.1 million** of **preferred equity**[8](index=8&type=chunk) [Distributions and Dividends Declared](index=3&type=section&id=Distributions%20and%20Dividends%20Declared) The Board of Directors declared monthly distributions of $0.08 per common share for July, August, and September 2025, totaling $0.24 for the quarter Monthly Distributions Declared (July-September 2025) | Record Date | Payment Date | Distribution per Common Share ($) | | :---------- | :----------- | :---------------------------- | | July 21, 2025 | July 31, 2025 | $0.08 | | August 20, 2025 | August 29, 2025 | $0.08 | | September 22, 2025 | September 30, 2025 | $0.08 | | **Total for the Quarter:** | | **$0.24** | [ATM Program Activity Post-Quarter](index=3&type=section&id=ATM%20Program%20Activity%20Post-Quarter) Subsequent to June 30, 2025, the company continued its ATM program activity, selling additional shares and raising net proceeds above the then-current estimated NAV per share - Subsequent to June 30, 2025, sold **866,554 shares** of common stock under the ATM program[10](index=10&type=chunk) - These sales were at a weighted-average gross price of **$14.14 per share**, raising approximately **$12.1 million** in **net proceeds**, **net proceeds above NAV**[10](index=10&type=chunk) [Non-GAAP Financial Measure: Adjusted Net Investment Income](index=3&type=section&id=Non-GAAP%20Financial%20Measure%3A%20Adjusted%20Net%20Investment%20Income) This section defines and reconciles adjusted net investment income, a non-GAAP measure excluding capital gains-based incentive fees for operational clarity [Definition and Rationale](index=3&type=section&id=Definition%20and%20Rationale) Adjusted net investment income is a non-GAAP measure that excludes capital gains-based incentive fees from net investment income, providing a clearer view of ongoing operational results by separating them from investment activity related to capital gains - Adjusted net investment income represents **net investment income**, excluding capital gains-based incentive fees[10](index=10&type=chunk) - The Company uses this **non-GAAP measure** internally and believes it is useful to investors as an additional tool to evaluate ongoing results and trends, as **net investment income** does not include realized or unrealized investment activity associated with the capital gains-based incentive fee[10](index=10&type=chunk) [Reconciliation to GAAP Net Investment Income](index=3&type=section&id=Reconciliation%20to%20GAAP%20Net%20Investment%20Income) The reconciliation shows that for the quarter ended June 30, 2025, a reversal of capital gains-based incentive fees led to a higher GAAP net investment income compared to Adjusted net investment income, contrasting with the prior quarter where an accrual reduced GAAP NII Reconciliation of Net Investment Income to Adjusted Net Investment Income (QoQ) | Metric | June 30, 2025 (Amount $) | June 30, 2025 (Per Share $) | March 31, 2025 (Amount $) | March 31, 2025 (Per Share $) | | :------------------------------------------ | :--------------------- | :------------------------ | :---------------------- | :------------------------- | | Net investment income | $9,088 | $0.25 | $7,229 | $0.20 | | Capital gains-based incentive fee | $(209) | $(0.01) | $2,129 | $0.06 | | Adjusted net investment income | $8,879 | $0.24 | $9,358 | $0.26 | | Weighted-average shares of common stock outstanding - basic and diluted | 36,908,943 | | 36,837,381 | | [Non-GAAP Measure Disclaimer](index=4&type=section&id=Non-GAAP%20Measure%20Disclaimer) The company clarifies that Adjusted net investment income is a non-GAAP financial measure, may not be comparable to similar measures from other companies, and should be considered as a supplement to, not a substitute for, GAAP financial measures - Adjusted net investment income may not be comparable to similar measures presented by other companies, as it is a **non-GAAP financial measure** not based on a comprehensive set of accounting rules or principles[12](index=12&type=chunk) - Adjusted net investment income should be considered in addition to, not as a substitute for, or superior to, **GAAP financial measures**[12](index=12&type=chunk) [Company Information and Disclosures](index=4&type=section&id=Company%20Information%20and%20Disclosures) Details for the earnings conference call, company profile, important financial disclosures, investor relations contacts, and forward-looking statements are provided [Conference Call Details](index=4&type=section&id=Conference%20Call%20Details) The company will host an earnings conference call on August 13, 2025, with replay options and an online broadcast available for investors - The Company will hold its earnings release conference call on Wednesday, August 13, 2025, at 8:30 a.m. Eastern Time[13](index=13&type=chunk) - A replay of the conference call will be available through August 20, 2025, by dialing (877) 660-6853 and using playback conference number 13754185[13](index=13&type=chunk) - The live audio broadcast and archived replay will also be available online at www.gladstoneinvestment.com[13](index=13&type=chunk) [About Gladstone Investment Corporation](index=4&type=section&id=About%20Gladstone%20Investment%20Corporation) Gladstone Investment Corporation is a publicly traded business development company that invests in lower middle market U.S. businesses through secured debt and equity for acquisitions, changes in control, and recapitalizations - Gladstone Investment Corporation is a publicly traded business development company[14](index=14&type=chunk) - It seeks to make **secured debt** and **equity investments** in lower middle market businesses in the United States[14](index=14&type=chunk) - Investments are made in connection with acquisitions, changes in control, and recapitalizations[14](index=14&type=chunk) [Important Disclosures](index=4&type=section&id=Important%20Disclosures) The company advises that the financial information provided in the press release is not comprehensive and encourages readers to review the full Form 10-Q for complete details and notes to the consolidated financial statements - The financial information above is not comprehensive and is without notes[15](index=15&type=chunk) - Readers should obtain and carefully review the Company's Form 10-Q for the quarter ended June 30, 2025, including the notes to the consolidated financial statements[15](index=15&type=chunk) [Investor Relations](index=4&type=section&id=Investor%20Relations) Contact information for investor relations inquiries is provided - Investor Relations Inquiries can be directed to ir.gladstoneinvestment.com or by calling (703) 287-5893[16](index=16&type=chunk) [Forward-looking Statements](index=4&type=section&id=Forward-looking%20Statements) This section includes a standard disclaimer that statements regarding potential future distributions, earnings, and operations are forward-looking and inherently involve risks and uncertainties that could cause actual results to differ materially from expectations - Statements in the press release regarding potential future distributions, earnings, and operations are '**forward-looking statements**'[17](index=17&type=chunk) - These statements inherently involve certain risks and uncertainties in predicting future results and conditions[17](index=17&type=chunk) - A number of factors could cause actual results and conditions to differ materially from these **forward-looking statements**, including those described in the Company's SEC filings[17](index=17&type=chunk)