Gladstone Investment Corporationde (GAIN) Operating Expenses (2021 - 2026)
Gladstone Investment Corporationde's Operating Expenses was $12.43 million in fiscal Q1 2027 (quarter ended Jun 30, 2026), down 14.0% from $14.46 million a year earlier and down 65.3% from the prior quarter.
Gladstone Investment Corporationde (GAIN) Operating Expenses (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Gladstone Investment Corporationde's Operating Expenses was $100.8 million through Jun 30, 2026, up 43.5% year-over-year; for FY2026 (ended Mar 31, 2026), it was $102.83 million, up 56.8% from FY2025.
- Operating Expenses has now increased for three consecutive fiscal years, with a five-year compound annual growth rate of 21.6% (FY2021 to FY2026).
- In earlier fiscal years, Operating Expenses was $65.57 million in FY2025 (+0.1%), $65.53 million in FY2024 (+47.1%), $44.54 million in FY2023 (-22.6%) and $57.56 million in FY2022 (+48.8%).
- The fiscal Q1 2027 figure marks the lowest quarterly Operating Expenses since fiscal Q1 2025.
- Compared with a year earlier, Operating Expenses was higher in six of the last eight quarters, with growth averaging 29.5%.
- The best year-over-year quarter for Operating Expenses over five years was fiscal Q2 2024 (growth of 134.6%); the worst was fiscal Q2 2023 (a decline of 42.7%).
- Per Business Quant data, GAIN's Operating Expenses in the three fiscal quarters before Q1 2027 was $35.8 million (Q4 2026), $31.57 million (Q3 2026) and $21 million (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.50 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Gladstone Investment Corporationde | 621.22 Mn | 621.22 Mn | - | 12.43 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.43 Mn |
| Mar 31, 2026 | 35.80 Mn |
| Dec 31, 2025 | 31.57 Mn |
| Sep 30, 2025 | 21.00 Mn |
| Jun 30, 2025 | 14.46 Mn |
| Mar 31, 2025 | 20.32 Mn |
| Dec 31, 2024 | 20.21 Mn |
| Sep 30, 2024 | 15.27 Mn |
| Jun 30, 2024 | 9.76 Mn |
| Mar 31, 2024 | 18.33 Mn |
| Dec 31, 2023 | 13.34 Mn |
| Sep 30, 2023 | 22.01 Mn |
| Jun 30, 2023 | 11.86 Mn |
| Mar 31, 2023 | 10.21 Mn |
| Dec 31, 2022 | 13.03 Mn |
| Sep 30, 2022 | 9.38 Mn |
| Jun 30, 2022 | 11.93 Mn |
| Mar 31, 2022 | 12.52 Mn |
| Dec 31, 2021 | 8.34 Mn |
| Sep 30, 2021 | 16.37 Mn |
Gladstone Investment Corporationde Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GAIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GAIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GAIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();