Goldman Sachs BDC, Inc. logo

Goldman Sachs BDC, Inc.

GSBD

NYSEFinancial ServicesAsset Management

Latest quote

$9.85

−$0.08 · -0.81%

Aug 21, 3:55 PM ET

GSBD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

81

Deep Value

Momentum

36

Weakening

Sentiment

61

Bullish

Risk resilience

64

Moderate Risk

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Company profile

Company website

Goldman Sachs BDC, Inc. functions as a business development company (BDC) with a specific focus on extending capital to privately held, middle-market enterprises, including mezzanine-level investments. Its core objective is to generate capital appreciation, primarily achieved by directly originating various debt instruments. These include both secured debt (such as senior, junior, first lien, first lien/last-out unitranche, and second lien facilities) and unsecured debt, notably mezzanine financing. Equity investments are also made, though to a lesser extent. The company primarily directs its investment efforts toward opportunities within the United States. It typically allocates between $10 million and $75 million per investment, targeting companies that demonstrate annual EBITDA figures ranging from $5 million to $75 million.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
David Nathan Miller
Listed since
Mar 18, 2015
Employees
8

Market position

Volume
956.47K
0.87× average
Average volume
1.1M
Average daily volume
Market cap
1.11B USD
Beta
0.64
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
19.29×
P/B (TTM)
0.82×
P/S (TTM)
3.43×
Dividend yield
15.65%

Profitability & efficiency

Gross margin
78.62%
Operating margin
46.13%
Net margin
18.13%

Financial health

Debt / equity
1.36×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends107%80%53%26%Gross margin, FY2021: 74.25%Gross margin, FY2022: 41.62%Gross margin, FY2023: 100.00%Gross margin, FY2024: 40.90%Gross margin, FY2025: 75.39%Operating margin, FY2021: 84.72%Operating margin, FY2022: 43.86%Operating margin, FY2023: 79.88%Operating margin, FY2024: 35.52%Operating margin, FY2025: 98.36%Net margin, FY2021: 84.00%Net margin, FY2022: 40.41%Net margin, FY2023: 43.06%Net margin, FY2024: 32.67%Net margin, FY2025: 49.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 74.25%. Gross margin FY2022 41.62%. Gross margin FY2023 100.00%. Gross margin FY2024 40.90%. Gross margin FY2025 75.39%. Operating margin FY2021 84.72%. Operating margin FY2022 43.86%. Operating margin FY2023 79.88%. Operating margin FY2024 35.52%. Operating margin FY2025 98.36%. Net margin FY2021 84.00%. Net margin FY2022 40.41%. Net margin FY2023 43.06%. Net margin FY2024 32.67%. Net margin FY2025 49.19%.

Income trends

Revenue

242.45M USD+26.00%

Operating income

238.47M USD+248.90%

Net income

119.27M USD+89.71%
Income trends across reported periods494.91M USD334.94M USD174.98M USD15.01M USDRevenue, FY2021: 229.08M USDRevenue, FY2022: 136.1M USDRevenue, FY2023: 454.91M USDRevenue, FY2024: 192.43M USDRevenue, FY2025: 242.45M USDOperating income, FY2021: 194.07M USDOperating income, FY2022: 59.7M USDOperating income, FY2023: 363.39M USDOperating income, FY2024: 68.35M USDOperating income, FY2025: 238.47M USDNet income, FY2021: 192.43M USDNet income, FY2022: 55M USDNet income, FY2023: 195.87M USDNet income, FY2024: 62.87M USDNet income, FY2025: 119.27M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 229.08M USD. Revenue FY2022 136.1M USD. Revenue FY2023 454.91M USD. Revenue FY2024 192.43M USD. Revenue FY2025 242.45M USD. Operating income FY2021 194.07M USD. Operating income FY2022 59.7M USD. Operating income FY2023 363.39M USD. Operating income FY2024 68.35M USD. Operating income FY2025 238.47M USD. Net income FY2021 192.43M USD. Net income FY2022 55M USD. Net income FY2023 195.87M USD. Net income FY2024 62.87M USD. Net income FY2025 119.27M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue242.45M USD192.43M USD454.91M USD136.1M USD229.08M USD
Cost of goods sold59.67M USD113.72M USD79.46M USD58.99M USD
Gross profit182.78M USD78.71M USD454.91M USD56.64M USD170.09M USD
Selling, general, and administrative7.92M USD10.36M USD91.53M USD8.67M USD7.6M USD
Operating expenses−55.69M USD10.36M USD91.53M USD−3.06M USD−23.97M USD
Interest income361.23M USD378.11M USD417M USD330.89M USD326.03M USD
Interest expense111.56M USD113.72M USD111.3M USD79.46M USD58.99M USD
Operating income238.47M USD68.35M USD363.39M USD59.7M USD194.07M USD
Net income119.27M USD62.87M USD195.87M USD55M USD192.43M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+0.17%
11 comparable reports
Latest EPS result
0.37
Estimate 0.31 · Beat by 19.35%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.540.420.30.19Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 0.47, estimate 0.5, surprise -6.00%, Miss. Q2 2025, reported May 8, 2025: actual 0.41, estimate 0.43, surprise -4.65%, Miss. Q3 2025, reported Aug 7, 2025: actual 0.38, estimate 0.4, surprise -5.00%, Miss. Q4 2025, reported Nov 6, 2025: actual 0.4, estimate 0.37, surprise +8.11%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.37, estimate 0.36, surprise +2.78%, Beat. Q2 2026, reported May 7, 2026: actual 0.22, estimate 0.29, surprise -24.14%, Miss. Q3 2026, reported Aug 6, 2026: actual 0.37, estimate 0.31, surprise +19.35%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.39, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates112.97M78.08M43.18M8.29MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 69.82M USD, estimate 105.32M USD, surprise -33.71%, Miss. Q2 2025, reported May 8, 2025: actual 96.94M USD, estimate 101.12M USD, surprise -4.13%, Miss. Q3 2025, reported Aug 7, 2025: actual 9.75M USD, estimate 93.14M USD, surprise -89.53%, Miss. Q4 2025, reported Nov 6, 2025: actual 55.81M USD, estimate 87.18M USD, surprise -35.98%, Miss. Q1 2026, reported Feb 26, 2026: actual 86.07M USD, estimate 86.85M USD, surprise -0.90%, Miss. Q2 2026, reported May 7, 2026: actual 78.79M USD, estimate 83.78M USD, surprise -5.96%, Miss. Q3 2026, reported Aug 6, 2026: actual 83.72M USD, estimate 78.89M USD, surprise +6.13%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 80.13M USD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.88

2025 complete year-3.6% since 2021

2026 partial: $0.67

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 31, 2026

$0.03

Irregular

Record Aug 31, 2026 · Payment Sep 15, 2026

DividendUpcoming

Ex-dividend Sep 30, 2026

$0.32

Monthly

Record Sep 30, 2026 · Payment Oct 28, 2026

Dividend

Ex-dividend Jun 30, 2026

$0.32

Quarterly

Record Jun 30, 2026 · Payment Jul 28, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.32

Quarterly

Record Mar 31, 2026 · Payment Apr 28, 2026

Dividend

Ex-dividend Mar 9, 2026

$0.03

Special

Record Mar 9, 2026 · Payment Mar 20, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.32

Annual

Record Dec 31, 2025 · Payment Jan 27, 2026

GSBD peers

ETFs holding GSBD

Funds reporting this stock among their holdings, ordered by reported position size.

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