---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-024332"
form_type: "8-K"
ticker: "GLAD"
cik: "0001143513"
company_name: "GLADSTONE CAPITAL CORP"
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:14:30.368720+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gladstone Capital reports Q1 NII $0.50/sh, net realized gain $57.8M, NAV up to $21.51

## Summary
- Net investment income $11.2M ($0.50/sh) flat QoQ; total investment income $21.96M, down 7.4%.
- Net realized gain of $57.8M from exit of largest investment; supplemental cash distribution of $0.40/sh paid.
- NAV per share increased to $21.51 (+1.6%); quarterly cash distribution declared $0.495/sh total regular.
- Total invested $151.6M in quarter (6 new + 12 existing); weighted average yield down to 13.1% from 14.0%.
- Subsequent to quarter end: $20.6M payoff, new investments of $18.9M and $19.4M in Feb 2025.

## SEC filing metadata
- accession: 0001193125-25-024332
- form_type: 8-K
- ticker: GLAD
- cik: 0001143513
- company_name: GLADSTONE CAPITAL CORP
- filed_at: 2025-02-11T23:59:59+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/1143513/000119312525024332/0001193125-25-024332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1143513/000119312525024332/d822874d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-024332
- JSON: https://secwatch.observer/filing/0001193125-25-024332.json
- Plain text: https://secwatch.observer/filing/0001193125-25-024332.txt

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