Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 0

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
ITEM 1. FINANCIAL STATEMENTS

GLADSTONE INVESTMENT CORPORATION

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

(UNAUDITED)

June 30,2025March 31,2025ASSETSInvestments at fair valueNon-Control/Non-Affiliate investments (Cost of $624,293 and $562,371, respectively)$708,357 $648,589 Affiliate investments (Cost of $355,836 and $359,286, respectively)328,020 330,388 Control investments (Cost of $17,409 and $17,409, respectively)368 343 Cash and cash equivalents4,118 14,298 Restricted cash and cash equivalents1,237 856 Interest receivable5,886 5,582 Due from administrative agent2,655 2,891 Deferred financing costs, net1,288 1,471 Other assets, net1,980 1,986 TOTAL ASSETS$1,053,909 $1,006,404 LIABILITIESBorrowings:Line of credit at fair value (Cost of $62,000 and $0, respectively)$62,269 $— Notes payable, net456,356 455,709 Total borrowings 518,625 455,709 Accounts payable and accrued expenses1,711 1,291 Interest payable5,119 4,879 Fees due to Adviser(A)40,973 43,817 Fee due to Administrator(A)912 767 Other liabilities1,265 857 TOTAL LIABILITIES$568,605 $507,320 Commitments and contingencies(B)NET ASSETS$485,304 $499,084 ANALYSIS OF NET ASSETSCommon stock, $0.001 par value per share, 100,000,000 shares authorized, 37,352,676 and 36,837,381 shares issued and outstanding, respectively $37 $37 Capital in excess of par value452,440 445,512 Cumulative net unrealized appreciation of investments39,207 40,254 Cumulative net unrealized appreciation of other(269)— Overdistributed net investment income(5,150)(5,325)Accumulated net realized (loss) gain in excess of distributions