Gladstone Capital (GLAD) Free Cash Flow (2021 - 2026)

Gladstone Capital posted quarterly Free Cash Flow of $16.6 million for Q1 2026, down 64.57% year-on-year from $46.8 million in Q1 2025, and up 148.99% on a QoQ basis from -$33.8 million in Q4 2025.

Gladstone Capital (GLAD) has 6 years of Free Cash Flow data on file, last reported at $16.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 64.57% year-over-year to $16.6 million; the trailing twelve-month figure through Mar 2026 stood at -$93.5 million (down 178.38% YoY), and the FY2025 full-year result was -$5.5 million, down 269.41% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $16.6 million, up from -$33.8 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $54.2 million in Q2 2024 and bottomed at -$96.6 million in Q3 2025.
  • The 5-year median for Free Cash Flow is -$5.7 million (2024), against an average of -$5.9 million.
  • The widest annual swing landed in 2022, when Free Cash Flow soared 696.25%; it then sank 1597.12% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at $34.5 million in 2022, then plunged by 175.81% to -$26.2 million in 2023, then soared by 191.66% to $24.0 million in 2024, then sank by 240.92% to -$33.8 million in 2025, then jumped by 148.99% to $16.6 million in 2026.
  • The last three Free Cash Flow figures came in at $16.6 million (Q1 2026), -$33.8 million (Q4 2025), and -$96.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.09 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 957.64 Mn
3 Kkr 84.94 Bn 132.45 Bn - 1.72 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 332.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.62 Bn
6 State Street 44.42 Bn 18.75 Bn - -12.41 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 430.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -329.40 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 390.87 Mn
10 Gladstone Capital 440.56 Mn 440.56 Mn - 16.56 Mn

Historic Data

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DateValue
Mar 31, 2026 16.56 Mn
Mar 31, 2026 16.56 Mn
Dec 31, 2025 -33.81 Mn
Dec 31, 2025 -33.81 Mn
Sep 30, 2025 -96.63 Mn
Sep 30, 2025 -96.63 Mn
Jun 30, 2025 20.41 Mn
Jun 30, 2025 20.41 Mn
Mar 31, 2025 46.75 Mn
Mar 31, 2025 46.75 Mn
Dec 31, 2024 23.99 Mn
Dec 31, 2024 23.99 Mn
Sep 30, 2024 -5.69 Mn
Sep 30, 2024 -5.69 Mn
Jun 30, 2024 54.21 Mn
Jun 30, 2024 54.21 Mn
Mar 31, 2024 -19.11 Mn
Mar 31, 2024 -19.11 Mn
Dec 31, 2023 -26.17 Mn
Dec 31, 2023 -26.17 Mn
Sep 30, 2023 22.87 Mn
Sep 30, 2023 22.87 Mn
Jun 30, 2023 -21.41 Mn
Jun 30, 2023 -21.41 Mn
Mar 31, 2023 -46.84 Mn
Mar 31, 2023 -46.84 Mn
Dec 31, 2022 34.52 Mn
Dec 31, 2022 34.52 Mn
Sep 30, 2022 -57.80 Mn
Sep 30, 2022 -57.80 Mn
Jun 30, 2022 -56.27 Mn
Jun 30, 2022 -56.27 Mn
Mar 31, 2022 43.45 Mn
Mar 31, 2022 43.45 Mn
Dec 31, 2021 -5.79 Mn
Dec 31, 2021 -5.79 Mn