Gladstone Investment Corporation (GAIN) — Cash Flow Quality Index
Gladstone Investment Corporation (GAIN) has a Cash Flow Quality Index of 0.31x as of September 2025. Operating cash flow of $8.94 Million is below net income of $28.71 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore GAIN debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Gladstone Investment Corporation Cash Flow Quality Index (2006–2025)
Historical Cash Flow Quality Index for Gladstone Investment Corporation across 15 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Gladstone Investment Corporation.
Annual Cash Flow Quality Index for Gladstone Investment Corporation (2006–2025)
Year-by-year earnings quality comparison for Gladstone Investment Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.74x | $113.92 Million | $65.32 Million | ▲ +73.0% |
| 2024 | 1.01x | $85.99 Million | $85.31 Million | ▲ +895.5% |
| 2023 | -0.13x | $-4.50 Million | $35.55 Million | ▼ -135.4% |
| 2022 | 0.36x | $36.60 Million | $102.32 Million | ▲ +151.1% |
| 2021 | -0.70x | $-29.73 Million | $42.45 Million | ▼ -161.0% |
| 2019 | 1.15x | $93.61 Million | $81.59 Million | ▲ +334.2% |
| 2018 | -0.49x | $-29.73 Million | $60.69 Million | ▼ -167.3% |
| 2017 | 0.73x | $32.60 Million | $44.76 Million | ▲ +343.5% |
| 2016 | 0.16x | $4.08 Million | $24.85 Million | ▲ +108.5% |
| 2015 | -1.94x | $-97.55 Million | $50.21 Million | ▲ +15.5% |
| 2013 | -2.30x | $-39.73 Million | $17.28 Million | ▼ -3.8% |
| 2012 | -2.22x | $-48.67 Million | $21.97 Million | ▼ -154.3% |
| 2011 | 4.08x | $67.08 Million | $16.44 Million | ▲ +124.2% |
| 2007 | -16.88x | $-122.73 Million | $7.27 Million | ▲ +31.0% |
| 2006 | -24.46x | $-148.11 Million | $6.05 Million | — |