---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-23-000027"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:06:46.853742+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment Q2 net investment loss $1.73M; NAV rises to $14.03; declares $1.24 in Q3 distributions

## Summary
- Net investment loss of $(0.05) per share; adjusted net investment income $0.24 per share (non-GAAP).
- NAV per share increased 8% to $14.03 from $12.99, driven by $48.8M unrealized appreciation.
- Invested $46M in new portfolio company The E3 Company and $18.7M add-on in Nocturne Villa Rentals.
- After quarter: exited Counsel Press, generating $43.5M realized gain and $1.4M success fee.
- Q3 2024 distributions declared total $1.24/share, including $0.88 supplemental in December.

## SEC filing metadata
- accession: 0001321741-23-000027
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000027/0001321741-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000027/gain-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-23-000027
- JSON: https://secwatch.observer/filing/0001321741-23-000027.json
- Plain text: https://secwatch.observer/filing/0001321741-23-000027.txt

## Key facts
- Earnings Releases
  GLADSTONE INVESTMENT CORPORATION\DE reported second fiscal quarter ended September 30, 2023 results: revenue $20,277, net income $47,356, EPS $1.40.
  - Period: second fiscal quarter ended September 30, 2023
  - Revenue: $20,277
  - Net income: $47,356
  - EPS: $1.40
  - Result: reported results
  source text: Information: (dollars in thousands, except per share data (unaudited)) : September 30, 2023 June 30, 2023 $ Change % Change For the quarter ended: Total investment income $ 20,277 $ 20,300 $ (23) (0.1) % Total expenses, net (A) 22,007 11,860 10,147 85.6 % Net investment (loss) income (A) (1,730) 8,440 (10,170) NM Net realized gain 289 1,155 (866) (75.0) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321741/000132174123000027/0001321741-23-000027-index.htm

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