Gladstone Investment Corporation Net Assets
Gladstone Investment Corporation net assets. Based on the latest financial reports, Gladstone Investment Corporation (GAIN) has net assets worth $595.41 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.24 Billion) and total liabilities ($641.21 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Gladstone Investment Corporation equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $595.41 Million |
| % of Total Assets | 48.15% |
| Annual Growth Rate | 4.17% |
| 5-Year Change | 30.53% |
| 10-Year Change | 78.87% |
| Growth Volatility | 9.82 |
Net Assets of Gladstone Investment Corporation (2006–2025)
Net assets of Gladstone Investment Corporation from 2006 to 2025. This chart illustrates how Gladstone Investment Corporation's net assets have evolved over time, based on quarterly financial data. See Gladstone Investment Corporation balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Gladstone Investment Corporation (2006–2025)
The table below shows the annual net assets of Gladstone Investment Corporation from 2006 to 2025. For live market cap and overall valuation, see GAIN market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $499.08 Million | +1.29% |
| 2024-03-31 | $492.71 Million | +12.05% |
| 2023-03-31 | $439.74 Million | -1.37% |
| 2022-03-31 | $445.83 Million | +16.60% |
| 2021-03-31 | $382.36 Million | +3.61% |
| 2020-03-31 | $369.03 Million | -9.35% |
| 2019-03-31 | $407.11 Million | +14.94% |
| 2018-03-31 | $354.20 Million | +17.64% |
| 2017-03-31 | $301.08 Million | +7.91% |
| 2016-03-31 | $279.02 Million | +2.05% |
| 2015-03-31 | $273.43 Million | +23.81% |
| 2014-03-31 | $220.84 Million | -8.35% |
| 2013-03-31 | $240.96 Million | +16.29% |
| 2012-03-31 | $207.22 Million | +4.22% |
| 2011-03-31 | $198.83 Million | +3.03% |
| 2010-03-31 | $192.98 Million | -10.16% |
| 2009-03-31 | $214.80 Million | +4.05% |
| 2008-03-31 | $206.44 Million | -7.35% |
| 2007-03-31 | $222.82 Million | -3.06% |
| 2006-03-31 | $229.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gladstone Investment Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 480789000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Gladstone Investment Corporation Net Assets Breakdown (March 2025)
Gladstone Investment Corporation net assets breakdown by equity component as of March 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $37.00K | 0.01% |
| Other Components | $504.37 Million | 101.06% |
| Total Equity | $499.08 Million | 100.00% |
Gladstone Investment Corporation Competitors by Market Cap
The table below lists competitors of Gladstone Investment Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HANGZHOU TIGERMED CO. H 1
F:5HZ1
|
$601.69 Million |
|
Cloudberry Clean Energy As
OL:CLOUD
|
$601.80 Million |
|
Echo Investment SA
WAR:ECH
|
$601.97 Million |
|
Sichuan Discovery Dream Science & Technology Co.Ltd
SHE:301213
|
$601.97 Million |
|
Sheela Foam Limited
NSE:SFL
|
$601.24 Million |
|
Alligo AB Series B
ST:ALLIGO-B
|
$601.20 Million |
|
Zhejiang Entive Smart Kitchen Appliance Co. Ltd.
SHE:300911
|
$601.19 Million |
|
COFCO Engineering & Technology Co Ltd
SHE:301058
|
$601.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gladstone Investment Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 492,711,000 to 499,084,000, a change of 6,373,000 (1.3%).
- Net income of 65,319,000 contributed positively to equity growth.
- Dividend payments of 60,951,000 reduced retained earnings.
- New share issuances of 2,029,000 increased equity.
- Other comprehensive income decreased equity by 66,214,000.
- Other factors increased equity by 66,190,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $65.32 Million | +13.09% |
| Dividends Paid | $60.95 Million | -12.21% |
| Share Issuances | $2.03 Million | +0.41% |
| Other Comprehensive Income | $-66.21 Million | -13.27% |
| Other Changes | $66.19 Million | +13.26% |
| Total Change | $- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares Gladstone Investment Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | $14.02 | $15.10 | x |
| 2007-03-31 | $13.46 | $15.10 | x |
| 2008-03-31 | $12.47 | $15.10 | x |
| 2009-03-31 | $9.97 | $15.10 | x |
| 2010-03-31 | $8.74 | $15.10 | x |
| 2011-03-31 | $9.00 | $15.10 | x |
| 2012-03-31 | $9.38 | $15.10 | x |
| 2013-03-31 | $9.96 | $15.10 | x |
| 2014-03-31 | $8.34 | $15.10 | x |
| 2015-03-31 | $10.25 | $15.10 | x |
| 2016-03-31 | $9.22 | $15.10 | x |
| 2017-03-31 | $9.95 | $15.10 | x |
| 2018-03-31 | $10.98 | $15.10 | x |
| 2019-03-31 | $12.41 | $15.10 | x |
| 2020-03-31 | $11.23 | $15.10 | x |
| 2021-03-31 | $11.53 | $15.10 | x |
| 2022-03-31 | $13.43 | $15.10 | x |
| 2023-03-31 | $13.20 | $15.10 | x |
| 2024-03-31 | $14.30 | $15.10 | x |
| 2025-03-31 | $13.59 | $15.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gladstone Investment Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.67%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.02x
- Recent ROE (13.09%) is above the historical average (8.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 2.63% | 82.81% | 0.03x | 1.00x | $-16.93 Million |
| 2007 | 3.26% | 77.32% | 0.03x | 1.45x | $-15.01 Million |
| 2008 | -0.46% | -13.28% | 0.02x | 1.71x | $-21.59 Million |
| 2009 | -5.33% | 0.00% | -0.02x | 1.52x | $-32.93 Million |
| 2010 | -5.74% | 0.00% | -0.02x | 1.54x | $-30.37 Million |
| 2011 | 8.27% | 84.72% | 0.08x | 1.21x | $-3.44 Million |
| 2012 | 10.60% | 87.65% | 0.08x | 1.57x | $1.24 Million |
| 2013 | 7.17% | 88.13% | 0.05x | 1.58x | $-6.82 Million |
| 2014 | -0.60% | -119.51% | 0.00x | 1.50x | $-23.41 Million |
| 2015 | 18.36% | 92.27% | 0.11x | 1.77x | $22.87 Million |
| 2016 | 8.91% | 85.30% | 0.06x | 1.81x | $-3.05 Million |
| 2017 | 14.87% | 84.56% | 0.10x | 1.71x | $14.65 Million |
| 2018 | 17.13% | 87.49% | 0.11x | 1.72x | $25.27 Million |
| 2019 | 20.04% | 77.43% | 0.17x | 1.56x | $40.88 Million |
| 2020 | -4.74% | -218.51% | 0.01x | 1.56x | $-54.40 Million |
| 2021 | 11.71% | 91.90% | 0.08x | 1.68x | $6.54 Million |
| 2022 | 23.66% | 106.38% | 0.13x | 1.66x | $60.90 Million |
| 2023 | 8.08% | 108.86% | 0.04x | 1.74x | $-8.43 Million |
| 2024 | 17.31% | 82.68% | 0.11x | 1.90x | $36.03 Million |
| 2025 | 13.09% | 72.67% | 0.09x | 2.02x | $15.41 Million |
Industry Comparison
This section compares Gladstone Investment Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $480,061,868
- Average return on equity (ROE) among peers: -14.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gladstone Investment Corporation (GAIN) | $595.41 Million | 2.63% | 1.08x | $601.31 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $3.12 Billion |
| AllianceBernstein Holding L.P. (AB) | $214.00 Million | 32.52% | 1.62x | $3.19 Billion |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $60.56 Million | -17.39% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $339.06 Million | 10.60% | 0.53x | $69.65 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $12.33 Million | -46.28% | 0.02x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $253.09 Million |
| Amber International Holding Limited (AMBR) | $106.64 Million | -30.39% | 0.94x | $164.48 Million |
| Affiliated Managers Group, Inc. (AMG) | $2.79 Billion | 4.96% | 0.89x | $9.76 Billion |
About Gladstone Investment Corporation
Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as sub… Read more