Gladstone Capital Corporation
NASDAQ: GLAD · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-03
Gladstone Capital Corporation (GLAD) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $225.78M | $367.73M | $425.70M | $335.91M | $270.52M | $317.62M | $293.40M | $295.09M | $301.43M | $382.48M | $337.18M | $365.86M | $399.51M | $426.07M | $459.18M | $566.50M | $660.97M | $719.50M | $812.47M | $907.60M |
| Cash & equivalents | $732000.00 | $8.84M | $6.49M | $5.28M | $7.73M | $6.73M | $9.86M | $13.90M | $6.31M | $3.81M | $6.15M | $5.01M | $1.97M | $15.71M | $2.42M | $671000.00 | $2.01M | $1.31M | $2.17M | $32.37M |
| Current assets | $3.97M | $11.29M | $15.02M | $13.41M | $7.73M | $13.34M | $14.73M | $32.86M | $15.10M | $9.39M | $8.48M | $6.71M | $7.38M | $21.16M | $7.52M | $5.98M | $7.95M | $10.34M | $10.90M | $42.86M |
| Total liabilities | $53.21M | $146.77M | $153.95M | $86.83M | $21.27M | $103.90M | $104.84M | $89.10M | $101.77M | $191.04M | $135.97M | $146.21M | $162.42M | $176.74M | $225.43M | $248.06M | $345.48M | $310.80M | $333.73M | $425.56M |
| Current liabilities | $49.99M | $587514.00 | $153.01M | $85.59M | $16.80M | $101.33M | $63.59M | $47.77M | $38.62M | $128.17M | $72.52M | $93.90M | $110.62M | $68.48M | $129.21M | $52.79M | $144.82M | $51.76M | $4.15M | $4.33M |
| Long-term debt | — | — | — | — | $17.94M | — | $100.95M | $85.60M | $99.01M | $127.30M | $71.30M | $93.11M | $110.00M | $55.75M | $93.89M | $186.61M | $197.61M | $253.11M | — | — |
| Shareholder equity | $172.57M | $220.96M | $271.75M | $249.08M | $249.25M | $213.72M | $188.56M | $205.99M | $199.66M | $191.44M | $201.21M | $219.65M | $237.09M | $249.33M | $233.74M | $318.44M | $315.49M | $408.69M | $478.74M | $482.04M |
| Retained earnings | $1.20M | $474165.00 | — | $-26.35M | $-27.26M | $108000.00 | $-474000.00 | $-100000.00 | $-1.93M | $-72.03M | $-66.81M | $-69.45M | $-68.59M | $-83.07M | $-39000.00 | $149000.00 | $-500000.00 | $4.74M | $6.14M | $5.20M |
| Accounts receivable | $3.23M | $2.45M | $8.22M | $7.79M | $3.01M | $5.61M | $4.87M | $18.96M | $8.79M | $6.77M | $4.50M | $4.79M | $5.41M | $5.45M | $5.10M | $5.31M | $5.94M | $9.04M | $8.72M | $10.49M |
| Inventory | — | — | — | — | — | — | $-5.56M | $-4000.00 | $-13.02M | $-3.25M | $-337.70M | $-368.95M | $1.00 | $1.00 | $7.57M | $1.00 | $1.00 | $10.44M | — | — |
| Goodwill | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Frequently asked questions
What is Gladstone Capital Corporation's revenue?
Gladstone Capital Corporation's trailing twelve-month revenue is $96.10M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is GLAD?
In its most recent fiscal year, GLAD ran a gross margin of 87.27%, an operating margin of 55.53%, and a net margin of 40.14%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does GLAD generate?
GLAD produced $43.63M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is GLAD's balance sheet healthy?
GLAD holds $32.37M in cash and equivalents against — in long-term debt, on $482.04M of shareholder equity. That debt is best read against the cash flow the business throws off each year.