Gladstone Investment (GAIN)
Market Price (5/13/2026): $17.15 | Market Cap: $680.5 MilSector: Financials | Industry: Asset Management & Custody Banks
Gladstone Investment (GAIN)
Market Price (5/13/2026): $17.15Market Cap: $680.5 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 26%, Dividend Yield is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 22% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 70% Low stock price volatilityVol 12M is 17% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, and Private Credit. | Trading close to highsDist 52W High is -0.5%, Dist 3Y High is -0.5% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 85% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.1% Key risksGAIN key risks include [1] elevated credit risk from a portfolio with a non-accrual rate significantly higher than the sector average and [2] high sensitivity to falling interest rates due to its specific asset-liability structure of floating-rate investments funded by fixed-rate debt. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 26%, Dividend Yield is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 22% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 70% |
| Low stock price volatilityVol 12M is 17% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, and Private Credit. |
| Trading close to highsDist 52W High is -0.5%, Dist 3Y High is -0.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 85% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.1% |
| Key risksGAIN key risks include [1] elevated credit risk from a portfolio with a non-accrual rate significantly higher than the sector average and [2] high sensitivity to falling interest rates due to its specific asset-liability structure of floating-rate investments funded by fixed-rate debt. |
Qualitative Assessment
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1. Significant Growth in Net Asset Value (NAV) Driven by Unrealized Appreciation.
Gladstone Investment's Net Asset Value (NAV) per share saw substantial growth, increasing to $16.78 as of March 31, 2026, from $14.95 at December 31, 2025, representing a 12.2% quarterly rise. This increase was primarily fueled by $92.5 million, or $2.32 per common share, in net unrealized appreciation of investments during the quarter. For the full fiscal year 2026, NAV per share climbed 23.8% year-over-year, supported by $216.1 million in net unrealized appreciation.
2. Consistent Shareholder Distributions.
The company maintained its attractive dividend policy by declaring and paying consistent monthly cash distributions of $0.08 per share for January, February, March, April, May, and June 2026. This stability in distributions, contributing to an annual dividend of $1.50 per share and a yield of approximately 8.90%, provides a steady income stream that appeals to investors.
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Stock Movement Drivers
Fundamental Drivers
The 24.4% change in GAIN stock from 1/31/2026 to 5/12/2026 was primarily driven by a 33.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.60 | 16.92 | 24.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 85 | 114 | 33.5% |
| Net Income Margin (%) | 109.1% | 105.8% | -3.0% |
| P/E Multiple | 5.6 | 5.6 | -0.9% |
| Shares Outstanding (Mil) | 38 | 40 | -3.1% |
| Cumulative Contribution | 24.4% |
Market Drivers
1/31/2026 to 5/12/2026| Return | Correlation | |
|---|---|---|
| GAIN | 24.4% | |
| Market (SPY) | 7.0% | 37.0% |
| Sector (XLF) | -3.0% | 35.0% |
Fundamental Drivers
The 26.6% change in GAIN stock from 10/31/2025 to 5/12/2026 was primarily driven by a 53.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.36 | 16.92 | 26.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 74 | 114 | 53.3% |
| Net Income Margin (%) | 107.4% | 105.8% | -1.5% |
| P/E Multiple | 6.2 | 5.6 | -9.9% |
| Shares Outstanding (Mil) | 37 | 40 | -7.0% |
| Cumulative Contribution | 26.6% |
Market Drivers
10/31/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| GAIN | 26.6% | |
| Market (SPY) | 8.8% | 32.5% |
| Sector (XLF) | -0.7% | 32.1% |
Fundamental Drivers
The 36.5% change in GAIN stock from 4/30/2025 to 5/12/2026 was primarily driven by a 70.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.39 | 16.92 | 36.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 67 | 114 | 70.4% |
| Net Income Margin (%) | 105.0% | 105.8% | 0.8% |
| P/E Multiple | 6.5 | 5.6 | -14.1% |
| Shares Outstanding (Mil) | 37 | 40 | -7.4% |
| Cumulative Contribution | 36.5% |
Market Drivers
4/30/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| GAIN | 36.5% | |
| Market (SPY) | 34.6% | 38.0% |
| Sector (XLF) | 7.4% | 35.5% |
Fundamental Drivers
The 79.6% change in GAIN stock from 4/30/2023 to 5/12/2026 was primarily driven by a 152.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.42 | 16.92 | 79.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 114 | 152.6% |
| Net Income Margin (%) | 105.8% | 105.8% | 0.1% |
| P/E Multiple | 6.6 | 5.6 | -15.4% |
| Shares Outstanding (Mil) | 33 | 40 | -16.0% |
| Cumulative Contribution | 79.6% |
Market Drivers
4/30/2023 to 5/12/2026| Return | Correlation | |
|---|---|---|
| GAIN | 79.6% | |
| Market (SPY) | 84.4% | 48.2% |
| Sector (XLF) | 63.2% | 47.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GAIN Return | 82% | -18% | 31% | 5% | 17% | 21% | 193% |
| Peers Return | 40% | -10% | 33% | 22% | 1% | -6% | 93% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| GAIN Win Rate | 83% | 33% | 75% | 58% | 67% | 40% | |
| Peers Win Rate | 73% | 37% | 70% | 68% | 53% | 36% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| GAIN Max Drawdown | 0% | -26% | -1% | -8% | -10% | -2% | |
| Peers Max Drawdown | -1% | -19% | -2% | -2% | -16% | -13% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MAIN, CSWC, ARCC, FSK, GBDC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/12/2026 (YTD)
How Low Can It Go
| Event | GAIN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -14.2% | -18.8% |
| % Gain to Breakeven | 16.6% | 23.1% |
| Time to Breakeven | 9 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.4% | -7.8% |
| % Gain to Breakeven | 11.6% | 8.5% |
| Time to Breakeven | 50 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -25.7% | -24.5% |
| % Gain to Breakeven | 34.6% | 32.4% |
| Time to Breakeven | 387 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.4% | -33.7% |
| % Gain to Breakeven | 105.9% | 50.9% |
| Time to Breakeven | 354 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.3% | -19.2% |
| % Gain to Breakeven | 25.4% | 23.7% |
| Time to Breakeven | 41 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -14.6% | -3.7% |
| % Gain to Breakeven | 17.1% | 3.9% |
| Time to Breakeven | 62 days | 6 days |
In The Past
Gladstone Investment's stock fell -14.2% during the 2025 US Tariff Shock. Such a loss loss requires a 16.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | GAIN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -25.7% | -24.5% |
| % Gain to Breakeven | 34.6% | 32.4% |
| Time to Breakeven | 387 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.4% | -33.7% |
| % Gain to Breakeven | 105.9% | 50.9% |
| Time to Breakeven | 354 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.3% | -19.2% |
| % Gain to Breakeven | 25.4% | 23.7% |
| Time to Breakeven | 41 days | 105 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -21.5% | -15.4% |
| % Gain to Breakeven | 27.4% | 18.2% |
| Time to Breakeven | 30 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -71.4% | -53.4% |
| % Gain to Breakeven | 249.4% | 114.4% |
| Time to Breakeven | 578 days | 1085 days |
In The Past
Gladstone Investment's stock fell -14.2% during the 2025 US Tariff Shock. Such a loss loss requires a 16.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Gladstone Investment (GAIN)
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1. Think of it like a publicly traded, smaller version of Blackstone or KKR, but focused on providing loans and taking ownership stakes in established, medium-sized U.S. businesses.
2. It's like a mutual fund that invests directly in the debt and equity of established, medium-sized U.S. companies, giving public investors access to private market opportunities.
3. Imagine a hybrid of a commercial bank and a private equity investor, exclusively providing both loans and equity to established, medium-sized U.S. businesses.
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- Debt Financing: Gladstone Investment provides various forms of debt, including senior, senior subordinated, junior subordinated, and mezzanine loans, for purposes such as growth, working capital, or refinancing existing debt.
- Equity Investments: The company makes direct equity investments in portfolio companies through instruments like buyouts, limited liability company interests, and warrants or options, often seeking a minority or majority ownership stake.
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Gladstone Investment (GAIN) is an investment corporation, specifically a Business Development Company (BDC). Its business model involves providing debt and equity capital to other companies, rather than selling products or services to customers. Therefore, Gladstone Investment does not have "customers" in the traditional sense that purchase its offerings. Instead, Gladstone Investment's revenue is generated from its portfolio of investments in other companies. These are its "portfolio companies," which receive capital from GAIN. Since the company primarily invests in and provides capital to other companies, we can describe the characteristics of these portfolio companies, as they represent the entities with which GAIN conducts its primary business activity. Gladstone Investment primarily invests in:- Small and mid-sized private companies based in the United States.
- Companies operating in the manufacturing, consumer products, and business services/distribution sectors.
- Companies with annual sales typically ranging from $20 million to $100 million and EBITDA from $3 million to $20 million.
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David J. Gladstone, Chairman & Chief Executive Officer
Mr. Gladstone is the founder of The Gladstone Companies, which includes Gladstone Investment Corporation, and has served as its Chief Executive Officer since its inception. Prior to founding Gladstone, he was Chairman or Vice Chairman of American Capital Strategies, a publicly-traded leveraged buyout fund and mezzanine debt finance company, from 1997 to 2001. From 1974 to 1997, Mr. Gladstone held various leadership positions, including Chairman and Chief Executive Officer, with Allied Capital Corporation and its affiliates, which were a prominent group of publicly-traded mezzanine debt funds and managers of private venture capital limited partnerships. He also managed the growth of Allied Capital Commercial, a publicly-traded REIT, from its initial public offering to $385 million in assets before its merger into Allied Capital Corporation in 1997. Mr. Gladstone also served as a Director, President, and Chief Executive Officer of Business Mortgage Investors, a private mortgage REIT managed by Allied Capital. He was the founder and managing member of The Capital Investors, LLC, a group of angel investors.
Taylor Ritchie, Chief Financial Officer
Mr. Ritchie joined Gladstone in November 2018. Before joining Gladstone Companies, he worked for Ernst & Young from 2011 to 2018 as a Manager in the Financial Services practice, where he focused on Banking and Capital Markets. He is a CPA licensed in the Commonwealth of Virginia.
David Dullum, President
Mr. Dullum joined The Gladstone Companies in February 2008 and has served as President of Gladstone Investment Corporation since April 2008. He possesses extensive experience in equity investing and middle-market buyouts. Prior to Gladstone, from 1995 to 2007, Mr. Dullum was a Partner of New England Partners, a private equity firm specializing in investments in small and medium-sized businesses. From 1976 to 1990, he was a Managing General Partner of Frontenac Company, a Chicago-based private equity firm.
Christopher J. Lee, Senior Managing Director
Mr. Lee serves as a Senior Managing Director at Gladstone Investment Corporation and brings 25 years of experience in private investments. He has a track record of investing in and successfully exiting portfolio companies. Before joining Gladstone, Mr. Lee was a Vice President with MCG Capital, a publicly-traded business development company, and previously worked as a consultant with KPMG (now BearingPoint).
Erika Highland, Senior Managing Director
Ms. Highland joined Gladstone in August 2005 and currently serves as a Managing Director of Gladstone Investment Corporation. Prior to her time at Gladstone, she was an Account Executive at Wells Fargo Retail Finance, where her responsibilities included monitoring and underwriting senior secured loans to national and regional retail chains. Earlier in her career, Ms. Highland was a financial Analyst in A.G. Edwards' Investment Banking Division, focusing on capital raising and M&A transactions for middle-market companies.
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Here are the key risks to Gladstone Investment (GAIN):
- Economic and Capital Market Volatility: As a Business Development Company (BDC), Gladstone Investment's financial performance is highly susceptible to broad changes in the economy and capital markets. Factors such as stock price volatility, inflation, elevated interest rates, and the risk of recession can adversely impact the value of its investments, the financial health of its portfolio companies, and its ability to access and deploy capital.
- Credit Risk of Lower Middle Market and Sub-Investment Grade Investments: Gladstone Investment specializes in providing debt and equity financing to lower middle market companies. The majority of the loans in its portfolio are unrated and considered below investment grade, often referred to as high-yield securities or "junk bonds." These investments inherently carry a higher risk of default and potential loss compared to investment-grade debt instruments.
- Illiquidity and Exit Strategy Risk for Private Investments: The fund typically holds its private company investments for approximately seven years, aiming to exit through sale, recapitalization, or initial public offering. The ability to successfully monetize these illiquid investments and realize gains is dependent on favorable market conditions for M&A and IPOs, as well as the individual performance and attractiveness of its portfolio companies to potential buyers.
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Gladstone Investment (GAIN) primarily targets lower middle market companies in the United States. The addressable market for their main products and services, which involve providing debt and equity financing, can be measured by the number of U.S. companies that fall within their investment criteria. The U.S. lower middle market, defined by annual revenues, includes approximately 531,000 companies with sales ranging from $2.5 million to $100 million. Gladstone Investment focuses on companies with sales between $20 million and $100 million, which represents a significant segment within this broader lower middle market. In terms of profitability, Gladstone Investment seeks companies with EBITDA from $3 million to $20 million. The lower middle market typically encompasses businesses with EBITDA ranging from $2 million to $10 million or $3 million to $15 million, indicating a strong overlap with GAIN's target profitability range. The addressable market for Gladstone Investment's products and services is therefore the large pool of U.S. lower middle market companies, estimated to be around 531,000 businesses with annual sales between $2.5 million and $100 million.AI Analysis | Feedback
Gladstone Investment (GAIN) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:- Growth in Interest Income from Debt Investments: The company's total investment income has been positively impacted by increases in interest income, driven by a higher weighted average yield on its debt investments. This yield is often correlated with prevailing interest rates, such as SOFR. Continued strategic debt investments and a favorable interest rate environment are anticipated to contribute to this revenue stream.
- Strategic Exits and Associated Success Fees/Realized Capital Gains: Gladstone Investment's business model involves making debt and equity investments in private businesses with an intention to hold them for approximately seven years before exiting through sale or recapitalization. Such exits generate success fees and realized capital gains, which are significant, albeit variable, components of their total investment income.
- Expansion of Investment Portfolio through New Buyout Activity: As a specialist in lower middle market buyouts, Gladstone Investment's ability to identify and execute new buyout opportunities directly contributes to the growth of its investment portfolio. This expansion leads to increased assets generating interest income and sets the stage for future capital gains.
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Share Issuance
- Gladstone Investment sold approximately 2.3 million shares of its common stock through an at-the-market (ATM) program, generating around $31.9 million in net proceeds during the second and third fiscal quarters ended September 30, 2025, and December 31, 2025, respectively.
Outbound Investments
- During the third fiscal quarter ended December 31, 2025, Gladstone Investment invested $163 million in four new portfolio companies.
- In December 2025, the company invested $33.1 million in Rowan Energy Inc., comprising $25.8 million in secured first lien debt and $7.3 million in preferred equity.
- In July 2025, Gladstone Investment made a $67.6 million investment in Global GRAB Technologies, Inc., consisting of $46.5 million in secured first lien debt and $21.1 million in preferred equity.
Capital Expenditures
- As a Business Development Company (BDC), Gladstone Investment's primary capital allocation for "capital expenditures" is through its debt and equity investments in portfolio companies. These investments are summarized under "Outbound Investments" above.
Trade Ideas
Select ideas related to GAIN.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 17.84 |
| Mkt Cap | 3.2 |
| Rev LTM | 193 |
| Op Inc LTM | - |
| FCF LTM | -85 |
| FCF 3Y Avg | -28 |
| CFO LTM | -85 |
| CFO 3Y Avg | -28 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -11.9% |
| Rev Chg 3Y Avg | 39.7% |
| Rev Chg Q | -48.2% |
| QoQ Delta Rev Chg LTM | -10.4% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | -31.2% |
| CFO/Rev 3Y Avg | -83.6% |
| FCF/Rev LTM | -31.2% |
| FCF/Rev 3Y Avg | -83.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.2 |
| P/S | 9.2 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 11.5 |
| P/CFO | -9.0 |
| Total Yield | 17.0% |
| Dividend Yield | 9.6% |
| FCF Yield 3Y Avg | -4.7% |
| D/E | 1.0 |
| Net D/E | 1.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.4% |
| 3M Rtn | 0.6% |
| 6M Rtn | -1.5% |
| 12M Rtn | 2.3% |
| 3Y Rtn | 56.0% |
| 1M Excs Rtn | -4.0% |
| 3M Excs Rtn | -6.0% |
| 6M Excs Rtn | -11.0% |
| 12M Excs Rtn | -26.4% |
| 3Y Excs Rtn | -25.7% |
Price Behavior
| Market Price | $16.92 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 06/23/2005 | |
| Distance from 52W High | -0.5% | |
| 50 Days | 200 Days | |
| DMA Price | $14.99 | $13.86 |
| DMA Trend | up | up |
| Distance from DMA | 12.9% | 22.1% |
| 3M | 1YR | |
| Volatility | 21.5% | 16.5% |
| Downside Capture | 34.63 | 50.24 |
| Upside Capture | 107.89 | 69.77 |
| Correlation (SPY) | 40.0% | 38.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.34 | 0.56 | 0.56 | 0.44 | 0.52 | 0.64 |
| Up Beta | 0.05 | -0.07 | 0.05 | 0.21 | 0.38 | 0.77 |
| Down Beta | 0.73 | 0.76 | 0.65 | 0.59 | 0.44 | 0.58 |
| Up Capture | 113% | 129% | 110% | 67% | 58% | 32% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 18 | 28 | 40 | 67 | 128 | 382 |
| Down Capture | -10% | 27% | 38% | 30% | 60% | 78% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 4 | 15 | 24 | 56 | 118 | 349 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GAIN | |
|---|---|---|---|---|
| GAIN | 36.7% | 16.5% | 1.71 | - |
| Sector ETF (XLF) | 5.1% | 14.6% | 0.12 | 34.4% |
| Equity (SPY) | 32.5% | 12.4% | 1.98 | 37.6% |
| Gold (GLD) | 41.3% | 26.9% | 1.26 | 3.7% |
| Commodities (DBC) | 50.3% | 18.5% | 2.06 | -1.2% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 29.1% |
| Bitcoin (BTCUSD) | -21.0% | 41.7% | -0.46 | 26.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GAIN | |
|---|---|---|---|---|
| GAIN | 16.3% | 22.0% | 0.64 | - |
| Sector ETF (XLF) | 8.7% | 18.6% | 0.35 | 51.6% |
| Equity (SPY) | 13.7% | 17.1% | 0.63 | 52.3% |
| Gold (GLD) | 21.0% | 17.9% | 0.95 | 10.3% |
| Commodities (DBC) | 11.4% | 19.4% | 0.47 | 17.1% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 48.5% |
| Bitcoin (BTCUSD) | 7.2% | 55.9% | 0.34 | 23.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GAIN | |
|---|---|---|---|---|
| GAIN | 21.0% | 25.5% | 0.77 | - |
| Sector ETF (XLF) | 12.7% | 22.1% | 0.53 | 53.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 52.6% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 4.3% |
| Commodities (DBC) | 8.4% | 17.9% | 0.39 | 21.7% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 50.8% |
| Bitcoin (BTCUSD) | 68.2% | 66.8% | 1.07 | 14.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/12/2026 | |||
| 2/3/2026 | 2.2% | 1.3% | 0.4% |
| 11/4/2025 | 0.4% | 0.7% | 1.7% |
| 8/12/2025 | 2.6% | 0.4% | 1.6% |
| 5/13/2025 | 1.8% | 6.3% | 5.5% |
| 2/12/2025 | 4.0% | 4.1% | -0.3% |
| 11/7/2024 | -3.0% | -0.9% | 0.7% |
| 8/5/2024 | -4.8% | -1.6% | -2.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 16 | 15 |
| # Negative | 11 | 8 | 9 |
| Median Positive | 2.6% | 2.9% | 5.2% |
| Median Negative | -3.0% | -2.1% | -3.9% |
| Max Positive | 7.2% | 9.5% | 19.5% |
| Max Negative | -10.9% | -6.5% | -7.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-K |
| 12/31/2024 | 02/12/2025 | 10-Q |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-K |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-K |
| 12/31/2022 | 02/01/2023 | 10-Q |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-K |
Recent Forward Guidance [BETA]
Latest: Q3 2025 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Dividends | 0.24 | 0 | Same New | Actual: 0.24 for Q4 2025 | |||
Prior: Q2 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Dividends | 0.24 | 0 | Same New | Actual: 0.24 for Q3 2025 | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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