Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 77

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 77
---
IZED GAIN (LOSS)Net realized (loss) gain on investments(29,938)42,303 (72,241)NMNet unrealized appreciation (depreciation)54,368 (34,112)88,480 NMNet realized and unrealized gain24,430 8,191 16,239 NMNET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS$28,709 $15,482 $13,227 85.4 %WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDINGBasic and diluted38,445,643 36,688,667 1,756,976 4.8%BASIC AND DILUTED PER COMMON SHARE:Net investment income$0.11 $0.20 $(0.09)(45.0)%Net increase in net assets resulting from operations$0.75 $0.42 $0.33 78.6 %

NM - Not meaningful

48

Investment Income

Total investment income increased $2.7 million, or 12.0%, for the three months ended September 30, 2025, as compared to the prior year period, primarily due to an increase in interest income and dividend and success fee income.

Interest income from our investments in debt securities increased $1.7 million, or 8.0%, for the three months ended September 30, 2025, as compared to the prior year period. Generally, the level of interest income from investments is directly related to the weighted-average principal balance of our interest-bearing investment portfolio outstanding during the period, multiplied by the weighted-average yield. 

The weighted-average principal balance of our interest-bearing investment portfolio during the three months ended September 30, 2025 was $668.9 million, compared to $572.8 million for the prior year period. This increase was primarily due to the origination of $222.9 million of new debt investments and $41.7 million of follow-on debt investments in existing portfolio companies, partially offset by $126.4 million of pay-offs, restructurings, or write-offs of debt investments and $3.8 million of existing loans placed on non-accrual status after June 30, 2024, and their respective impact on the weighted-average principal balance when considering the timing of new investments, pay-offs, restructurings, write-offs, and accrual status changes, as applicable. During the three months