Reported Q: Q2 2024 Rev YoY: +23.6% EPS YoY: +33.3% Move: -0.01%
Gladstone Capital
GLADZ
$25.23 -0.01%
Exchange NASDAQ Sector Financial Services Industry Investment Banking Investment Services
Q2 2024
Published: May 1, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for GLADZ

Reported

Report Date

May 1, 2024

Quarter Q2 2024

Revenue

26.17M

YoY: +23.6%

EPS

1.09

YoY: +33.3%

Market Move

-0.01%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $26.17M up 23.6% year-over-year
  • EPS of $1.09 increased by 33.3% from previous year
  • Gross margin of 76.6%
  • Net income of 23.64M
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GLADZ
Company GLADZ

Executive Summary

GLADZ delivered a solid QQ2 2024 performance, underscored by double-digit topline growth and a high-margin earnings profile driven by investment income and portfolio activity. Revenue for the quarter was $26.17 million, with gross profit of $20.03 million and a gross margin of approximately 76.6%. Reported operating income reached $29.81 million, yielding an operating margin of roughly 114% (an anomalous margin given the reported structure of expenses and other income in the quarter). Net income was $23.64 million, or $1.09 per diluted share, with a YoY uplift of ~45% and a QoQ decline of ~19% in earnings per share. EBITDA came in at $12.86 million, and the company generated $9.93 million of operating cash flow, finishing the period with $5.41 million in cash and equivalents. Free cash flow matched operating cash flow at $9.93 million, reflecting a capital deployment program that included meaningful investment activity and debt management moves. The balance sheet shows a sizeable long-term debt load of $370.82 million against total assets of $812.05 million and stockholders’ equity of $432.37 million, with a debt-to-capitalization of ~46% and net debt of $365.40 million. Management commentary from the QQ2 2024 cycle is not available in the provided transcript, limiting explicit forward-looking guidance from the call. Strategic takeaways center on GLADZ’s ability to produce steady earnings from its debt-security portfolio, disciplined capital deployment, and a liquidity profile that remains modest but adequate to support ongoing investment activity and distributions, subject to credit and rate environments.

Key Performance Indicators

Revenue
Increasing
26.17M
QoQ: 10.85% | YoY: 23.61%
Gross Profit
Increasing
20.03M
76.57% margin
QoQ: 28.23% | YoY: 47.80%
Operating Income
Decreasing
29.81M
QoQ: -38.43% | YoY: -4.51%
Net Income
Increasing
23.64M
QoQ: -19.39% | YoY: 45.47%
EPS
Increasing
1.09
QoQ: -19.27% | YoY: 33.33%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 20.44 0.39 -21.9% View
Q1 2025 20.56 0.00 -21.4% View
Q4 2024 17.97 -0.65 -23.5% View
Q3 2024 29.00 0.88 +23.6% View
Q2 2024 26.17 1.09 +23.6% View