GLADSTONE CAPITAL CORP

Gladstone Capital Corporation operates as an externally managed, closed-end, non-diversified management investment company functioning as a business development company. The firm invests in debt and equity securities of established lower middle market private enterprises in the United States, targeting businesses seeking growth capital, acquisition financing, recapitalizations, or debt refinancing. Its primary offerings comprise secured first lien debt, secured second lien debt, and preferred or common equity and equivalents. Portfolio companies span multiple industries, led by healthcare, education, childcare, conglomerate manufacturing, and conglomerate services.

The company focuses on established United States businesses with earnings before interest, taxes, depreciation, and amortization ranging between $3 million and $25 million. As of September 30, 2025, its investment holdings included 55 portfolio companies distributed across 22 states within the South, Midwest, West, and Northeast regions. The organization is externally managed by an affiliated investment adviser and administrator headquartered in McLean, Virginia.

Summary of the business section of Gladstone Capital's latest annual report, written by StockData.

“As of September 30, 2025, the Adviser and the Administrator collectively had 73 full-time employees.”