Private Credit Portfolio Analysis | Gladstone Investment Corporation Reports Q3 2025 Results
- Editor
- Feb 12
- 2 min read
Whats New:
Gladstone Investment Corporation reported its Q3 2025 financial results, showing significant growth in total assets and long-term debt compared to the previous quarter. The fund's total assets increased to $1.09 billion as of December 31, 2024, up from $938.08 million at the end of March 2024.
Portfolio Dynamics:
Total assets grew to $1.09 billion as of December 31, 2024, compared to $938.08 million at the end of March 2024.
Investments owned at fair value increased to $1.07 billion, up from $920.50 million at the end of March 2024.
Cash and cash equivalents rose slightly to $2.57 million from $2.46 million at the end of March 2024.
Investment Activity:
Interest receivable decreased to $6.25 million from $7.63 million at the end of March 2024.
Due from administrative agent decreased slightly to $3.30 million from $3.43 million at the end of March 2024.
Other assets remained relatively stable at $1.66 million compared to $1.66 million at the end of March 2024.
Capital Structure:
Long-term debt increased to $546.56 million from $398.35 million at the end of March 2024.
Line of credit rose to $91.50 million from $67.00 million at the end of March 2024.
Notes payable increased to $455.06 million from $331.35 million at the end of March 2024.
Performance Profile:
Net asset value per share decreased slightly to $13.30 as of December 31, 2024, compared to $13.43 at the end of March 2024.
Stockholders' equity decreased slightly to $490.05 million from $492.71 million at the end of March 2024.
Retained earnings decreased to $44.47 million from $47.97 million at the end of March 2024.
Risk & Quality:
Accounts payable and accrued liabilities increased to $1.90 million from $0.73 million at the end of March 2024.
Interest payable rose to $3.75 million from $3.47 million at the end of March 2024.
Total liabilities increased significantly to $597.71 million from $445.37 million at the end of March 2024.
The Wrap:
Gladstone Investment Corporation demonstrated significant growth in Q3 2025, with notable increases in total assets and investments at fair value. However, the fund also saw a substantial rise in long-term debt and total liabilities. While the net asset value per share and stockholders' equity decreased slightly, the overall portfolio size expanded considerably, indicating a more leveraged position compared to the previous quarter.
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