Goldman Sachs BDC, Inc. GSBD

NYSE

We are a specialty finance company focused on lending to middle-market companies. We are a closed-end management investment company that has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (the "Investment Company Act"). In addition, we have elected to be treated as a RIC, and we expect to qualify annually for tax treatment as a RIC, commencing with our taxable year ended December 31, 2013. From our formation in 2012 through December 31, 2025, we originated approximately $9.88 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits and repayments. We seek to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, unitranche debt, including last-out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

Last close 9.98 2026-09-04
Market cap $1.12B 2026-06-30 share count
52-week range 8.36 - 11.47

Valuation FY2025 figures against the last close

P/S
P/E9.7x
P/FCF3.4x
EV/EBITDA
Dividend yield
Diluted EPS1.03

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total operating expenses $180.0M$176.5M$204.8M$136.2M$139.9M$98.6M
Pre-tax income $68.2M$200.7M$59.5M$193.7M$177.5M
Income tax $5.3M$4.8M$4.5M$1.3M$1.4M
Net income $119.3M$62.9M$195.9M$55.0M$192.4M$176.1M
EPS, basic 1.030.551.810.541.893.26
EPS, diluted 1.030.551.810.541.893.26
Shares, diluted (wtd. avg.) $115.6M$114.7M$108.3M$102.3M$101.7M$53.9M$40.3M$40.2M$38.6M$36.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $43.2M$61.8M$52.4M$39.6M$33.8M$32.1M$9.4M
Total assets $3.38B$3.60B$3.52B$3.59B$3.55B
Long-term debt $1.87B$1.93B$1.83B$2.01B$1.86B
Total liabilities $1.96B$2.03B$1.92B$2.09B$1.94B
Retained earnings -$456.7M-$373.7M-$224.6M-$206.2M-$55.0M-$5.4M
Total equity $1.42B$1.57B$1.60B$1.50B$1.61B$1.62B$676.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $325.7M$2.5M$300.7M$27.4M-$29.9M$165.8M
Financing cash flow -$344.5M$7.1M-$288.0M-$21.7M$31.7M-$143.1M
Buybacks $52.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-077458.