---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-23-000022"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:11:04.855236+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment Q1 NII $0.25/shr, down 13.8% QoQ; invests $48M, issues $74.8M notes

## Summary
- Net investment income $8.4M ($0.25/share), down from $9.6M ($0.29/share) QoQ.
- Total investment income $20.3M (+2.2% QoQ); weighted-average yield on investments 14.7%.
- Invested $47.975M: $15.3M in new co. Home Concepts, $30M add-on in Nth Degree.
- Issued $74.8M of 8.00% Notes due 2028 (GAINL).
- NAV per share $12.99 vs $13.09; paid $0.21 regular + $0.15 supplemental distributions.

## SEC filing metadata
- accession: 0001321741-23-000022
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1321741/000132174123000022/0001321741-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000022/gain-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-23-000022
- JSON: https://secwatch.observer/filing/0001321741-23-000022.json
- Plain text: https://secwatch.observer/filing/0001321741-23-000022.txt

## Key facts
- Earnings Releases
  GLADSTONE INVESTMENT CORPORATION\DE reported First fiscal quarter ended June 30, 2023 results: revenue $20.3 million, net income $8.4 million, EPS $0.25 per weighted-average common share.
  - Period: First fiscal quarter ended June 30, 2023
  - Revenue: $20.3 million
  - Net income: $8.4 million
  - EPS: $0.25 per weighted-average common share
  - Result: reported results
  source text: First Quarter Results: Net investment income for the quarter ended June 30, 2023 was $8.4 million, or $0.25 per weighted-average common share, compared to $9.6 million, or $0.29 per weighted-average common share, for the quarter ended March 31, 2023. This decrease was a result of an increase in total expenses, net of credits, primarily due to increased accruals for capital gains-based incentive fees and an increase in interest expense in the current quarter, partially offset by an increase in total investment income. Total investment income for the quarters ended June 30, 2023 and March 31, 2023 was $20.3 million and $19.9 million, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000022/0001321741-23-000022-index.htm

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