Gladstone Investment Corporation\De (GAIN) Operating Expenses (2021 - 2026)
Gladstone Investment Corporation\De's (GAIN) quarterly Operating Expenses came in at $16.5 million in Q2 2026, down 10.83% year-over-year from $18.5 million in Q2 2025, and down 58.75% quarter-over-quarter from $40.0 million in Q1 2026.
Analysis
Gladstone Investment Corporation\De (GAIN) Operating Expenses (2021 - 2026) Analysis & Trends
Gladstone Investment Corporation\De (GAIN) has reported Operating Expenses for 6 consecutive years, with $16.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 10.83% year-over-year to $16.5 million in Q2 2026; TTM through Jun 2026 was $118.1 million, a 36.94% increase from a year earlier, with the FY2026 full-year figure at $120.1 million, up 49.52% from the prior year.
- Operating Expenses was $16.5 million for Q2 2026 at Gladstone Investment Corporation\De, down from $40.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $40.0 million in Q1 2026 and troughed at $12.6 million in Q2 2024.
- A 5-year average of $20.5 million and a median of $17.8 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 32.35% in 2022 and surged 104.19% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $15.9 million in 2022, then grew by 10.09% to $17.5 million in 2023, then jumped by 45.84% to $25.5 million in 2024, then soared by 41.12% to $35.9 million in 2025, then plunged by 54.03% to $16.5 million in 2026.
- The last three Operating Expenses figures came in at $16.5 million (Q2 2026), $40.0 million (Q1 2026), and $35.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 40.19 Mn |
| 10 | Gladstone Investment Corporation\De | 642.33 Mn | 642.33 Mn | - | 16.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.52 Mn |
| Mar 31, 2026 | 40.05 Mn |
| Dec 31, 2025 | 35.94 Mn |
| Sep 30, 2025 | 25.57 Mn |
| Jun 30, 2025 | 18.53 Mn |
| Mar 31, 2025 | 24.10 Mn |
| Dec 31, 2024 | 25.47 Mn |
| Sep 30, 2024 | 18.14 Mn |
| Jun 30, 2024 | 12.61 Mn |
| Mar 31, 2024 | 21.09 Mn |
| Dec 31, 2023 | 17.46 Mn |
| Sep 30, 2023 | 26.38 Mn |
| Jun 30, 2023 | 15.31 Mn |
| Mar 31, 2023 | 13.02 Mn |
| Dec 31, 2022 | 15.86 Mn |
| Sep 30, 2022 | 12.92 Mn |
| Jun 30, 2022 | 14.43 Mn |
| Mar 31, 2022 | 14.90 Mn |
| Dec 31, 2021 | 13.79 Mn |
| Sep 30, 2021 | 19.10 Mn |