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 8.77 2026-10-27
Market cap $987.2M 2026-06-30 share count
52-week range 8.36 - 10.38

Valuation FY2025 figures against the last close

P/S—
P/E8.5x
P/FCF3.0x
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.) 115.6M114.7M108.3M102.3M101.7M53.9M40.3M40.2M38.6M36.3M

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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M 200M Net income, FY2020: 176.1M Net income, FY2021: 192.4M Net income, FY2022: 55M Net income, FY2023: 195.9M Net income, FY2024: 62.9M Net income, FY2025: 119.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income — — — — $176.1M $192.4M $55.0M $195.9M $62.9M $119.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.