Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 0

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. FINANCIAL STATEMENTS

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

(UNAUDITED)

September 30,2025March 31,2025ASSETSInvestments at fair valueNon-Control/Non-Affiliate investments (Cost of $693,893 and $562,371, respectively)$812,538 $648,589 Affiliate investments (Cost of $325,898 and $359,286, respectively)317,551 330,388 Control investments (Cost of $17,409 and $17,409, respectively)770 343 Cash210 12,944 Cash equivalents1,217 1,354 Restricted cash810 856 Interest receivable6,123 5,582 Due from administrative agent2,382 2,891 Deferred financing costs, net1,030 1,471 Other assets, net1,808 1,986 TOTAL ASSETS$1,144,439 $1,006,404 LIABILITIESBorrowings:Line of credit at fair value (Cost of $97,700 and $0, respectively)$98,053 $— Notes payable, net456,978 455,709 Total borrowings 555,031 455,709 Accounts payable and accrued expenses883 1,291 Interest payable5,267 4,879 Fees due to Adviser(A)46,062 43,817 Fee due to Administrator(A)527 767 Other liabilities826 857 TOTAL LIABILITIES$608,596 $507,320 Commitments and contingencies(B)NET ASSETS$535,843 $499,084 ANALYSIS OF NET ASSETSCommon stock, $0.001 par value per share, 100,000,000 shares authorized, 39,591,037 and 36,837,381 shares issued and outstanding, respectively $40 $37 Capital in excess of par value483,554 445,512 Cumulative net unrealized appreciation of investments93,659 40,254 Cumulative net unrealized appreciation of other(353)— Overdistributed net investment income(20,095)(5,325)Accumulated net realized (loss) gain in excess of distributions(20,962