---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-25-000023"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:34:07.940208+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment Q2 NII $0.11, adj NII $0.24; realized loss $29.9M on J.R. Hobbs

## Summary
- Net investment income $4.3M ($0.11/share) vs $9.1M ($0.25) prior quarter; $4.9M capital gains incentive fee accrued.
- Adjusted net investment income $9.2M ($0.24/share), flat sequentially.
- Total investment income $25.3M (+7.4% QoQ); net realized loss $29.9M from J.R. Hobbs restructuring.
- Net asset value $13.53/share (+4.2% from $12.99) driven by $54.4M net unrealized appreciation.
- Oct-Dec 2025 monthly distributions declared at $0.08/share; raised $31.1M via ATM at $14.10/share.

## SEC filing metadata
- accession: 0001321741-25-000023
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1321741/000132174125000023/0001321741-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174125000023/gain-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-25-000023
- JSON: https://secwatch.observer/filing/0001321741-25-000023.json
- Plain text: https://secwatch.observer/filing/0001321741-25-000023.txt

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