---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-25-000012"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T13:29:44.693018+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment Q4 NII $0.20/sh, adj $0.26; NAV $13.55, up 1.9% QoQ

## Summary
- Q4 net investment income $7.2M ($0.20/sh) vs $1.2M ($0.03) prior quarter; adj NII $0.26/sh.
- FY2025 NII $28.1M ($0.76/sh), up 29% YoY; total investment income $93.7M (+7.3% YoY).
- NAV per share $13.55 at March 31, 2025 vs $13.30 at Dec 31, 2024 and $13.43 a year ago.
- Realized gain on exit of Nocturne of $19.8M; credit facility upsized to $270M.
- Board declared $0.08 monthly and a $0.54 supplemental distribution in June 2025.

## SEC filing metadata
- accession: 0001321741-25-000012
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1321741/000132174125000012/0001321741-25-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174125000012/gain-20250513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-25-000012
- JSON: https://secwatch.observer/filing/0001321741-25-000012.json
- Plain text: https://secwatch.observer/filing/0001321741-25-000012.txt

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