---
schema_version: "secwatch.filing_event.v1"
accession: "0001321741-26-000006"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2026-02-03T23:59:59+00:00"
generated_at: "2026-05-16T05:16:36.092394+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment Q3 net investment loss $6.5M; adjusted NII $0.21; NAV rises to $14.95

## Summary
- Net investment loss of $6.5M ($0.16/share) vs income of $4.3M prior quarter; adjusted NII of $0.21/share (down from $0.24) excludes $14.7M incentive fee accrual.
- Total investment income $25.1M, down 0.9% QoQ; weighted-average yield on interest-bearing investments 12.9% (down from 13.4%).
- NAV per share increased 10.5% to $14.95, driven by $70.2M net unrealized appreciation; total investments at fair value $1.22B (115.5% of cost).
- Invested $33.1M in new portfolio company Rowan Energy; issued $60M 6.875% notes due 2028, redeemed $74.8M 8.00% notes.
- Monthly distribution maintained at $0.08 per share ($0.24 quarterly); sold 230,930 shares via ATM at avg $14.03.

## SEC filing metadata
- accession: 0001321741-26-000006
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2026-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1321741/000132174126000006/0001321741-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000132174126000006/gain-20260203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321741-26-000006
- JSON: https://secwatch.observer/filing/0001321741-26-000006.json
- Plain text: https://secwatch.observer/filing/0001321741-26-000006.txt

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