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Dec 31, 2022
Gladstone Capital Q1 2023 Earnings Report
Gladstone Capital reported an increase in net investment income driven by higher interest income and portfolio company exits.
Key Takeaways
Gladstone Capital Corporation reported financial results for the first quarter ended December 31, 2022. The company's net investment income increased by 16.7% over the last quarter to $8.7 million, or $0.25 per share. Total investment income increased by 21.0% to $19.3 million, driven by a $2.8 million increase in interest income. The company invested $11.0 million in existing portfolio companies and received $39.2 million in repayments and net proceeds.
Net investment income increased 16.7% over last quarter to $8.7 million, or $0.25 per share.
Total investment income increased by 21.0% due to a $2.8 million increase in interest income.
Invested $11.0 million in existing portfolio companies.
Received $39.2 million in repayments and net proceeds primarily from successful portfolio company exits.