Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 134

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 134
---
 8.0x / 6.1x3.7x – 7.9x /6.1xEBITDA$408 – $25,038 /$9,859$2,153 – $25,038 / $11,029Revenue multiple0.3x – 0.6x / 0.4x0.3x – 0.6x / 0.4xRevenue$21,248 – $94,874 /$72,647$6,690 – $102,791 / $53,604Common equity/equivalents55,341 54,268 TEVEBITDA multiple5.5x – 7.3x / 6.9x5.5x – 7.2x / 6.8xEBITDA$894 – $26,487 / $19,788$1,208 – $24,234 / $18,562Total$1,031,735 $974,345 Fair value measurements can be sensitive to changes in one or more of the valuation inputs. Changes in discount rates, EBITDA or EBITDA multiples (or revenue or revenue multiples), each in isolation, may change the fair value of certain of our investments. Generally, an increase/(decrease) in market yields or discount rates or a (decrease)/increase in EBITDA or EBITDA multiples (or revenue or revenue multiples) may result in a (decrease)/increase in the fair value of certain of our investments.

23

Changes in Level 3 Fair Value Measurements of InvestmentsThe following tables provide our portfolio’s changes in fair value, broken out by security type, during the three months ended June 30, 2025 and 2024 for all investments for which the Adviser determines fair value using unobservable (Level 3) inputs. Fair Value Measurements Using Significant Unobservable Inputs (Level 3)Secured First LienDebtSecuredSecond LienDebtPreferredEquityCommonEquity/EquivalentsTotalThree Months ended June 30, 2025:Fair value as of March 31, 2025$514,334 $103,580 $302,163 $54,268 $974,345 Total gain (loss):Net realized gain (loss)(A)— — — — — Net unrealized appreciation (depreciation)(B)1,152 376 (3,683