---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-284668"
form_type: "8-K"
ticker: "GLAD"
cik: "0001143513"
company_name: "GLADSTONE CAPITAL CORP"
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:07:19.017744+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gladstone Capital Q4 NII $0.52/share; FY25 dividend up 25% to $2.48; NAV $21.34

## Summary
- Q4 total investment income $23.9M, up 10.5% QoQ; NII $11.4M ($0.52/share).
- FY25 NII $45.2M ($2.02/share); cash distributions $2.48/share, up 25.3% YoY.
- Invested $126.6M in quarter; issued $149.5M 5.875% Convertible Notes due 2030.
- Subsequent: redeemed $207M of notes (7.75% due 2028, 5.125% due 2026) in Oct 2025.
- NAV per share $21.34 at Sept 30, 2025; declared $0.45/quarter common dividend for Q1 FY2026.

## SEC filing metadata
- accession: 0001193125-25-284668
- form_type: 8-K
- ticker: GLAD
- cik: 0001143513
- company_name: GLADSTONE CAPITAL CORP
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1143513/000119312525284668/0001193125-25-284668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1143513/000119312525284668/d10148d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-284668
- JSON: https://secwatch.observer/filing/0001193125-25-284668.json
- Plain text: https://secwatch.observer/filing/0001193125-25-284668.txt

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