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Gladstone Commercial (GOOD) Q3 FY2026 earnings: revenue $42 million, up 3.9% on the year

Gladstone Commercial Corp. (GOOD) reported revenue of $42 million for Q3 FY2026, the quarter ended 30 September 2026, up 3.9% on the same quarter a year earlier. Net income was -$2 million, and diluted earnings per share $-0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2026.

Revenue
$42 million
+3.9% on the year · -3.6% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
n/a
Q4 FY2024Q3 FY2026
Net income
-$2 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.11
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 kept.

  • Core FFO fell 7.8% to $0.35: Core FFO available to common stockholders and Non-controlling OP Unitholders was $16.9 million, down 7.8% from the second quarter, equal to $0.35 per share.
  • Net loss against prior-quarter income: Net loss attributable to common stockholders and OP Unitholders was $5.2 million, or $0.11 per share, compared with net income of $5.1 million, or $0.11 per share, in the second quarter.
  • Leased or renewed 502,557 square feet: Leasing covered 502,557 square feet at four properties, with remaining lease terms from 5.5 years to 20.0 years.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue42.444.040.8-3.6%+3.9%
Interest expense11.611.410.7+1.9%+8.5%
Net income-2.18.34.1
Net margin-4.9%18.8%10.1%
Diluted EPS-$0.11$0.11$0.02
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow20.917.618.9+19.1%+10.7%
Cash from investing-9.6-12.3-62.5
Cash from financing-9.9-3.052.3
Depreciation and amortisation15.415.015.3+3.2%+1.1%
Dividends paid17.617.617.1+0.1%+2.7%
Diluted shares, weighted48m48m47m+0.1%+3.4%
Shares outstanding at period end49m48m48m+0.3%+0.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity148157185-6.0%-19.9%
Non-controlling interest0.10.10.1-7.2%-22.0%
Debt858852843+0.7%+1.8%
Other liabilities239233237+2.6%+1.1%
Total liabilities and equity1,2461,2431,265+0.2%-1.5%
Intangible assets111113120-1.7%-7.6%
Cash and equivalents10.810.418.4+3.8%-41.6%
Other assets1,1241,1191,126+0.4%-0.2%
Total assets1,2461,2431,265+0.2%-1.5%

Questions

What was Gladstone Commercial's revenue in Q3 FY2026?

Gladstone Commercial (GOOD) reported revenue of $42 million for Q3 FY2026, the quarter ended 30 September 2026, up 3.9% on the same quarter a year earlier.

How much did Gladstone Commercial earn in Q3 FY2026?

Net loss for Q3 FY2026 was $2 million, and the diluted loss per share $0.11.

When did Gladstone Commercial report Q3 FY2026 results?

Gladstone Commercial filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 3 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 * †Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue35.335.536.439.837.236.638.736.535.935.737.139.237.437.539.540.843.541.944.042.4
Interest expense6.56.67.19.19.68.89.19.99.59.59.59.39.19.110.110.712.011.511.411.6
Net income3.13.41.62.82.93.2-4.51.84.53.51.611.77.25.14.64.15.47.08.3-2.1
Net margin9%10%4%7%8%9%-12%5%13%10%4%30%19%14%12%10%12%17%19%-5%
Diluted EPS$0.00$0.01-$0.04-$0.02n/a-$0.02-$0.19-$0.04n/a$0.01-$0.04$0.20n/a$0.04$0.03$0.02n/a$0.08$0.11-$0.11
Operating cash flow16.417.217.422.312.314.915.817.811.915.013.65.522.817.735.818.915.717.917.620.9
Buybacksn/a0.00.00.00.00.10.90.00.0n/an/a0.0n/an/an/an/an/an/an/an/a
Dividends paid17.217.417.718.018.115.115.215.215.215.215.316.116.316.516.917.117.617.617.617.6
Shares outstanding37m39m39m40m40m40m40m40m40m40m41m44m44m46m47m48m48m48m48m49m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 3 November 2026: the filing.