Gladstone Capital Corporation
Description
Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. It operates as a business development company. The fund also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts. It targets small and medium-sized companies in United States. It is industry agnostic and seeks to invest in companies engaged in the business services, light and specialty manufacturing, niche industrial products and services, specialty consumer products and services, energy services, transportation and logistics, healthcare and education services, specialty chemicals, media and communications and aerospace and defense. The fund seeks to invest between $7 million and $30 million in companies that have between $20 million and $150 million in sales and EBITDA between $3 million and $25 million. It prefers to acquire minority stakes. It seeks to exit its investments through strategic acquisitions by other industry participants or financial buyers, initial public offerings of common stock, or other capital market transactions.
About
CEO
Mr. David John Gladstone
Employees
0
Instrument type
Common Stock
Sector
Financial Services
Industry
Asset Management
MIC code
XNGS
Address
1521 Westbranch Drive, McLean, VA 22102, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 11, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 12, 2025 | — | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Current Year
(Sep 2025)
|
Next Year
(Sep 2026)
|
||
|---|---|---|---|---|
| Number of analysts | — | 6 | 6 | 3 |
| Average estimate | — | 0.51 | 2.04 | 2.04 |
| Low estimate | — | 0.46 | 1.91 | 2.03 |
| High estimate | — | 0.54 | 2.15 | 2.05 |
| Last year EPS | — | 0.25 | 2.11 | 2.04 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-1.540%
Next qtr. (Mar 2025)
103.330%
Current year (Sep 2025)
-3.480%
Next year (Sep 2026)
0.330%
Next 5 years (per annum)
9.296%
Past 5 years (per annum)
18.946%
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total reported revenue | 98.55M | 44.98M | 20.06M | 86.04M | -1.89M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 14.00M | 12.23M | 10.10M | 8.92M | 9.35M |
| Other operating expenses | -10.17M | -9.91M | -9.96M | -7.19M | -9.37M |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 94.72M | 42.67M | 19.91M | 84.30M | -1.87M |
| Tax provision | — | — | — | — | — |
| Net income | 94.72M | 42.67M | 19.91M | 84.30M | -1.87M |
| Basic EPS | 4.34 | 2.29 | 1.16 | 5.08 | -0.12 |
| Diluted EPS | 4.34 | 2.29 | 1.16 | 5.08 | -0.12 |
| Basic average shares | 21.78M | 18.66M | 17.18M | 16.62M | 15.52M |
| Diluted average shares | 21.78M | 18.66M | 17.18M | 16.62M | 15.52M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 94.51M | 42.67M | 19.91M | 84.30M | -1.87M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 2.17M | 1.31M | 2.01M | 671,000 | 2.42M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | — | 6.10M | 2.74M | 2.36M | 3.00M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 796.26M | 704.82M | 649.62M | 557.61M | 450.40M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 4.15M | 3.96M | 3.02M | 2.29M | 1.56M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | 47.80M | 141.80M | 50.50M | 127.65M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 324.61M | 300.91M | 339.41M | 237.11M | 221.54M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 44,000 | 44,000 | 35,000 | 34,000 | 32,000 |
| Retained earnings | 6.14M | 4.74M | -500,000 | 149,000 | -39,000 |
| Other shareholders equity | — | -17.45M | -6.44M | 11.10M | -43.90M |
| Total shareholders equity | 478.74M | 408.70M | 315.49M | 318.44M | 233.74M |
| Additional paid in capital | 492.31M | 481.48M | 395.54M | 392.49M | 367.13M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||
| Net Income | 94.51M | 42.67M | 19.91M | 84.30M | -1.87M | 19.87M | 18.65M | 17.18M | 11.37M | 8.48M | 11.23M | 32.22M | -8.01M | -21.10M | 16.39M | 3.78M | -21.26M | 14.95M | 24.43M | 15.49M | 10.57M | 11.07M | 7.62M | -92,644 |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 47.04M | 7.80M | -2,000 | 384,102 | 1.33M | 251,650 | 13,822 | 265 |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 170,000 | 114,000 | -445,000 | 876,000 | -329,000 | 358,000 | -119,000 | 268,000 | -458,000 | -179,000 | 1.89M | 345,000 | -121,000 | 1.47M | 1.01M | -11.18M | 46.97M | — | -5.76M | 1.42M | 2.18M | -806,088 | -400,491 | — |
| Accounts Receivable | 311,000 | -3.10M | -624,000 | -208,000 | 347,000 | -43,000 | -623,000 | -288,000 | 2.27M | 2.02M | 10.17M | -14.09M | 740,000 | -2.61M | 3.19M | 994,000 | -2.55M | — | — | — | — | — | — | — |
| Accounts Payable | — | 945,000 | 730,000 | 729,000 | 140,000 | 798,000 | -166,000 | -434,000 | 350,000 | 261,000 | -56,000 | 4,000 | -142,000 | 610,000 | 248,000 | -209,000 | 61,000 | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -423,000 | 2.00M | -4.64M | 2.97M | -667,000 | -875,000 | -1.38M | -5.39M | -3.10M | -54,000 | 1.57M | 248,000 | 1.53M | 1.11M | 2.28M | 33,000 | -256,000 | — | — | — | — | — | — | — |
| Operating Cash Flow | 94.56M | 42.63M | 14.93M | 88.66M | -2.38M | 20.11M | 16.36M | 11.34M | 10.43M | 10.53M | 24.81M | 18.73M | -6.00M | -20.51M | 23.12M | -6.58M | 70.00M | 22.75M | 18.67M | 17.29M | 14.08M | 10.52M | 7.23M | -92,379 |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 117,365 | -82,344 | -70,976 | -31,794 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -143.79M | -86.27M | -47.01M | -102.61M | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.48M | — | — | 88.02M | 47.16M | — | 62.49M | — |
| Investing Cash Flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.48M | — | — | -76.28M | -38.89M | 10.31M | -40.19M | -31,794 |
| Financing Activities | ||||||||||||||||||||||||
| Long-Term Debt Issuance | 221.20M | 206.00M | 378.90M | 388.80M | 243.31M | 228.20M | 140.89M | 138.70M | 103.00M | 147.60M | 108.88M | 87.65M | 75.40M | 123.35M | 26.30M | — | 200.62M | 305.60M | — | 155.00M | 114.74M | — | — | — |
| Long-Term Debt Payments | -198.40M | -243.00M | -276.41M | -373.80M | -143.40M | -213.80M | -101.90M | -117.00M | -159.00M | -56.90M | -119.00M | -96.70M | -115.50M | -37.50M | -91.10M | -116.83M | -194.03M | -211.15M | — | -142.71M | -74.00M | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — | — | -62,000 | — | — | — | -2.10M | -3.25M | -2.17M | -211,000 | -216,233 | -871,649 | -1.09M | -641,354 | 590,382 |
| Financing Cash Flow | -1.50M | -79.01M | 171.00M | -61.62M | 95.76M | 7.07M | 38.18M | 14.71M | -56.39M | 74.17M | -5.26M | -26.75M | -19.25M | 188.27M | -148.72M | -213.57M | 81.92M | 70.14M | -21.88M | -5.04M | 22.76M | -10.96M | -6.68M | 590,382 |
| Other Cash Details | ||||||||||||||||||||||||
| End Cash Position | 2.30M | 1.40M | 2.11M | 846,000 | 2.47M | 15.75M | 2.00M | 5.27M | 6.15M | 3.81M | 6.31M | 13.90M | 9.86M | 6.46M | 7.73M | 5.28M | 6.49M | 8.84M | 732,000 | 503,776 | 65.95M | 101.17M | 91.93M | 132.82M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7,000 | — | — | — | — | — | — | — |
| Interest Paid | — | 20.41M | 12.25M | 10.90M | 9.65M | 7.53M | 5.79M | 3.01M | 2.97M | 3.70M | 2.65M | 3.23M | 4.48M | 3.08M | 4.08M | 8.28M | 8.23M | — | — | — | — | — | — | — |
| Free Cash Flow | 3.24M | -10.86M | -76.40M | -14.06M | -46.09M | 9.26M | -17.80M | -13.03M | 60.02M | -74.48M | 473,000 | 32.14M | 26.20M | -68.37M | 86.50M | 95.52M | -80.22M | -116.98M | 7.24M | -61.53M | -82.73M | 9.80M | 6.90M | -108,090 |
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