---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-284725"
form_type: "8-K"
ticker: "GLAD"
cik: "0001143513"
company_name: "GLADSTONE CAPITAL CORP"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T19:29:40.778933+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GLAD Q4 NII $0.22/share, up 7.6% QoQ; FY NII $32.3M, portfolio grows 16.5%

## Summary
- Q4 NII $7.5M ($0.22/share) vs $6.9M ($0.2025) prior quarter, up 7.6%.
- FY2022 total investment income $63.2M, up 17.4% YoY; NII $32.3M ($0.94/share), up 23.6%.
- Portfolio expanded: $86M invested in Q4, net originations $64.2M; total investments fair value $649.6M.
- Credit facility upsized twice: by $50M to $225M in Q4, then by $20M to $245M post-quarter.
- President cites rising rates, strong originations; hints at potential common distribution increase.

## SEC filing metadata
- accession: 0001193125-22-284725
- form_type: 8-K
- ticker: GLAD
- cik: 0001143513
- company_name: GLADSTONE CAPITAL CORP
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1143513/000119312522284725/0001193125-22-284725-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1143513/000119312522284725/d418089d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-284725
- JSON: https://secwatch.observer/filing/0001193125-22-284725.json
- Plain text: https://secwatch.observer/filing/0001193125-22-284725.txt

## Key facts
- Earnings Releases
  GLADSTONE CAPITAL CORP reported quarter ended September 30, 2022 results: revenue $15.9 million, net income $7.5 million, EPS $0.22.
  - Period: quarter ended September 30, 2022
  - Revenue: $15.9 million
  - Net income: $7.5 million
  - EPS: $0.22
  - Result: reported results
  source text: Total investment income during the quarters ended September 30, 2022 and June 30, 2022 was $15.9 million and $13.8 million, respectively. The quarter over quarter increase was primarily due to increases in both the weighted average yield and the weighted average principal balance of our interest-bearing investments. The weighted average yield on our interest-bearing investments increased to 11.2% during the quarter ended September 30, 2022 as compared to 10.0% during the quarter ended June 30, 2022. The weighted average principal balance of our interest-bearing investment portfolio increased to $553.3 million during the quarter ended September 30, 2022, as compared to $506.1 million during the quarter ended June 30, 2022. Total expenses increased by 23.8% quarter over quarter, primarily due to a $0.7 million increase in net incentive fees driven by higher net investment income and a $0.6 million increase in interest expense, quarter over quarter. Net investment income for the quarter e
  evidence_url: https://www.sec.gov/Archives/edgar/data/1143513/000119312522284725/0001193125-22-284725-index.htm
- Earnings Releases
  GLADSTONE CAPITAL CORP reported year ended September 30, 2022 results: revenue $63.2 million, net income $32.3 million, EPS $0.94.
  - Period: year ended September 30, 2022
  - Revenue: $63.2 million
  - Net income: $32.3 million
  - EPS: $0.94
  - Result: reported results
  source text: Total investment income during the years ended September 30, 2022 and 2021 was $63.2 million and $53.8 million, respectively. The year over year increase was primarily due to a $4.0 million increase in interest income, driven by an increase in the average principal balance of our interest-bearing investment portfolio of $54.2 million, or 11.7%, year over year, partially offset by a slight decrease in the weighted average yield from 10.6% during the year ended September 30, 2021 to 10.4% during the year ended September 30, 2022. Expenses, net of any non-contractual, unconditional and irrevocable credits to fees from the Adviser, increased $3.2 million, or 11.6%, for the year ended September 30, 2022, as compared to the prior year. This increase was primarily due to a $1.8 million increase in the net incentive fee and a $1.5 million increase in interest expense on borrowings. Net investment income for the year ended September 30, 2022 was $32.3 million, an increase of 23.6%, as compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/1143513/000119312522284725/0001193125-22-284725-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.