# Gladstone Capital Corporation (GLAD)

> Source: Nexqual · https://nexqual.com/GLAD · data as of 2026-10-23 17:23 UTC · cite as "Nexqual, Gladstone Capital Corporation (GLAD), nexqual.com/GLAD" · informational, not investment advice.

**Price:** USD 18.23 (-1.22% today) · US market open, as of October 23, 2026 at 17:23 UTC; quotes may be delayed. Prev close 18.45 · day 18.16–18.48 · 52w 16.54–21.73 · market cap $412M · NMS

## Key facts
- Valuation: P/E 8.6x (avg 7.5x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.40 on a 1–5 scale) (5 analysts), mean target USD 22 (range 22–22).
- Total return with dividends: 1Y +2.5% vs S&P 500 +14.4%; 5Y +21.4% vs S&P 500 +77.0%.
- Next earnings: 2026-11-17, EPS estimate USD 0.48, revenue estimate $25.7M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $84.3M | $19.9M | $42.7M | $94.5M | $57.2M | $48.2M |
| EPS (diluted) | $1.58 | $1.88 | $2.20 | $2.11 | — | — |
| Cash + short-term investments | $846K | $2.0M | $1.3M | $2.2M | $32.4M | — |
Fiscal years end Sep. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 8.6x · P/B 0.8x · Earnings yield 11.69% · Dividend yield (paid, TTM) 10.66%
P/E at fiscal year-ends: Sep 2025 8.7x, Sep 2024 5.5x, Sep 2023 8.4x.

## Analysts
Consensus Buy (mean 2.40 on a 1–5 scale), 5 analysts; mean target USD 22 (low 22, high 22).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +2.5% | +21.4% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +2.5% | +4.0% |
| Volatility (annualized) | 23.7% | 22.4% |
| Max drawdown | -20.4% (Dec 2025→Mar 2026) | -39.3% (Jan 2025→Mar 2026) |

## Peers (Asset Management)
BXSL (Blackstone Secured Lending Fund) USD 23.41 -2.09% · VCTR (Victory Capital Holdings, Inc. ) USD 106.68 -0.67% · PDI (PIMCO Dynamic Income Fund) USD 14.31 +0.03% · AMG (Affiliated Managers Group, Inc.) USD 388.16 -1.86% · SEIC (SEI Investments Company) USD 102.88 -1.55% · IVZ (Invesco Ltd) USD 28.24 -1.91%

## More
Full page: https://nexqual.com/GLAD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in GLAD's own 10-K filed 2025-11-17 (https://www.sec.gov/Archives/edgar/data/1143513/000114351325000015/glad-20250930.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Gladstone Securities | "As a result, we rely on our officers, the Adviser and its employees, Gladstone Securities and certain consultants to perform due diligence investigations of these portfolio companies, their operations, and their prospect…" |
| Partner | Jefferies | "In August 2024, we entered into an equity distribution agreement with Jefferies LLC and Huntington Securities, Inc, (the "2024 Sales Agreement") under which we have the ability to issue and sell, from time to time, share…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.48 | $0.48 | -1.2% | $25.7M | 5 |
| Next quarter (ends 2026-12-31) | $0.48 | $0.50 | -2.4% | $27.0M | 5 |
| Current fiscal year (ends 2026-09-30) | $1.97 | $1.92 | +2.6% | $100.7M | 5 |
| Next fiscal year (ends 2027-09-30) | $1.98 | $1.98 | -0.2% | $110.2M | 5 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-11-17): ±9.7%; last 8 reports averaged ±1.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 56 | 15.8% | ±9.7% |
| 2027-03-19 | 147 | 23.3% | ±15.2% |