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Kayne Anderson BDC, Inc. logo

Kayne Anderson BDC, Inc.

KBDC

NYSEFinancial ServicesAsset Management

Open in GoAI

Previous close

$13.36

+$0.02 · +0.15%

Aug 21, 4:00 PM ET

KBDC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

84

Deep Value

Momentum

38

Weakening

Sentiment

56

Mixed

Risk resilience

74

Moderate Risk

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Company profile

Company website

Kayne Anderson BDC, Inc. allocates capital to U.S. middle-market enterprises, typically those generating annual EBITDA between $10 million and $150 million. The firm maintains a broad investment scope, considering a diverse array of sectors and industries. It primarily structures its financing as senior secured and split-lien loans to support buyout transactions.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Douglas L. Goodwillie
Listed since
May 22, 2024
Employees
3

Market position

Day range

Current $13.36

52-week range

Current $13.36

Open
$13.42
Previous close
$13.34
Volume
394.26K
1.27× average
Average volume
311.48K
Average daily volume
Market cap
886.44M USD
Beta
0.44
Market reference 1
50-day average
$13.6908
-2.42% below average
200-day average
$14.2764
-6.42% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.11B USD
P/E (TTM)
12.26×
P/B (TTM)
0×
P/S (TTM)
4.5×
EV / EBITDA
12.26×
Earnings yield
9.31%
Free cash flow yield
-9.81%
Dividend yield
11.98%

Profitability & efficiency

Gross margin
77.30%
Operating margin
68.37%
Net margin
37.80%
Return on equity
8.44%
Return on assets
4.10%
Return on invested capital
7.50%

Financial health

Debt / equity
0×
Current ratio
0.82×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends90%72%53%35%Gross margin, FY2021: 85.41%Gross margin, FY2022: 73.50%Gross margin, FY2023: 62.52%Gross margin, FY2024: 68.17%Gross margin, FY2025: 84.29%Operating margin, FY2021: 77.51%Operating margin, FY2022: 66.74%Operating margin, FY2023: 58.22%Operating margin, FY2024: 73.07%Operating margin, FY2025: 72.82%Net margin, FY2021: 77.51%Net margin, FY2022: 66.74%Net margin, FY2023: 58.22%Net margin, FY2024: 72.67%Net margin, FY2025: 39.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 85.41%. Gross margin FY2022 73.50%. Gross margin FY2023 62.52%. Gross margin FY2024 68.17%. Gross margin FY2025 84.29%. Operating margin FY2021 77.51%. Operating margin FY2022 66.74%. Operating margin FY2023 58.22%. Operating margin FY2024 73.07%. Operating margin FY2025 72.82%. Net margin FY2021 77.51%. Net margin FY2022 66.74%. Net margin FY2023 58.22%. Net margin FY2024 72.67%. Net margin FY2025 39.74%.

Income trends

Revenue

235.82M USD+29.89%

Operating income

171.73M USD+29.45%

Net income

93.71M USD-28.98%
Income trends across reported periods257.17M USD171.76M USD86.35M USD934.9K USDRevenue, FY2021: 28.76M USDRevenue, FY2022: 68.57M USDRevenue, FY2023: 132.4M USDRevenue, FY2024: 181.56M USDRevenue, FY2025: 235.82M USDOperating income, FY2021: 22.29M USDOperating income, FY2022: 45.77M USDOperating income, FY2023: 77.08M USDOperating income, FY2024: 132.66M USDOperating income, FY2025: 171.73M USDNet income, FY2021: 22.29M USDNet income, FY2022: 45.77M USDNet income, FY2023: 77.08M USDNet income, FY2024: 131.94M USDNet income, FY2025: 93.71M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 28.76M USD. Revenue FY2022 68.57M USD. Revenue FY2023 132.4M USD. Revenue FY2024 181.56M USD. Revenue FY2025 235.82M USD. Operating income FY2021 22.29M USD. Operating income FY2022 45.77M USD. Operating income FY2023 77.08M USD. Operating income FY2024 132.66M USD. Operating income FY2025 171.73M USD. Net income FY2021 22.29M USD. Net income FY2022 45.77M USD. Net income FY2023 77.08M USD. Net income FY2024 131.94M USD. Net income FY2025 93.71M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue235.82M USD181.56M USD132.4M USD68.57M USD28.76M USD
Cost of goods sold36.96M USD57.8M USD49.62M USD18.17M USD4.2M USD
Gross profit198.78M USD123.76M USD82.78M USD50.4M USD24.56M USD
Selling, general, and administrative3.81M USD4.28M USD2.91M USD2.51M USD1.84M USD
Operating expenses27.05M USD−8.9M USD5.7M USD4.64M USD2.27M USD
Interest income220.91M USD211.64M USD160.43M USD74.83M USD18.76M USD
Interest expense76.36M USD57.8M USD49.62M USD18.17M USD4.2M USD
Operating income171.73M USD132.66M USD77.08M USD45.77M USD22.29M USD
Net income93.71M USD131.94M USD77.08M USD45.77M USD22.29M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
56%
5 beats, 3 misses, 1 met estimate
Average EPS surprise
+1.78%
9 comparable reports
Latest EPS result
0.42
Estimate 0.4 · Beat by 5.50%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.550.480.410.34Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual 0.48, estimate 0.51, surprise -5.88%, Miss. Q2 2025, reported May 12, 2025: actual 0.4, estimate 0.42, surprise -4.76%, Miss. Q3 2025, reported Aug 11, 2025: actual 0.4, estimate 0.41, surprise -2.44%, Miss. Q4 2025, reported Nov 10, 2025: actual 0.43, estimate 0.4, surprise +7.50%, Beat. Q1 2026, reported Mar 2, 2026: actual 0.44, estimate 0.41, surprise +7.32%, Beat. Q2 2026, reported May 11, 2026: actual 0.43, estimate 0.41, surprise +4.88%, Beat. Q3 2026, reported Aug 10, 2026: actual 0.42, estimate 0.398, surprise +5.50%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 0.38, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates64.38M55.32M46.26M37.2MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 3, 2025: actual 48.43M USD, estimate 53.01M USD, surprise -8.65%, Miss. Q2 2025, reported May 12, 2025: actual 39.68M USD, estimate 61.47M USD, surprise -35.44%, Miss. Q3 2025, reported Aug 11, 2025: actual 43.95M USD, estimate 49.37M USD, surprise -10.97%, Miss. Q4 2025, reported Nov 10, 2025: actual 46.37M USD, estimate 53.97M USD, surprise -14.09%, Miss. Q1 2026, reported Mar 2, 2026: actual 61.9M USD, estimate 56.48M USD, surprise +9.60%, Beat. Q2 2026, reported May 11, 2026: actual 57.33M USD, estimate 52.4M USD, surprise +9.40%, Beat. Q3 2026, reported Aug 10, 2026: actual 55.7M USD, estimate 51.86M USD, surprise +7.41%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 52.4M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$14.00

4.79% upside
Past 12 months12-month forecastHigh $14.00Average $14.00Low $14.00

Rating distribution

5 ratings
Strong buy00%
Buy360%
Hold240%
Sell00%
Strong sell00%

KBDC peers

Berkshire Hathaway Inc. logo

BRK-B

Berkshire Hathaway Inc.

$495.82

-0.21%

Berkshire Hathaway Inc. logo

BRK-A

Berkshire Hathaway Inc.

$743,500

-0.15%

JPMorgan Chase & Co. logo

JPM

JPMorgan Chase & Co.

$351.58

+0.01%

Visa Inc. logo

V

Visa Inc.

$371.04

+1.45%

Mastercard Incorporated logo

MA

Mastercard Incorporated

$580.63

+1.18%

Bank of America Corporation logo

BAC

Bank of America Corporation

$61.69

-0.27%

ETFs holding KBDC

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

Putnam BDC Income ETF logoPutnam BDC Income ETFPBDC
Market value
10.79M
Weight
3.46%
AUM
317.93M USD
Expense ratio
13.49%
Price / 1D
$28.07-0.07%
VanEck BDC Income ETF logoVanEck BDC Income ETFBIZD
Market value
8.65M
Weight
0.51%
AUM
1.69B USD
Expense ratio
9.69%
Price / 1D
$13.290.00%
FT Confluence BDC & Specialty Finance Income ETF logoFT Confluence BDC & Specialty Finance Income ETFFBDC
Market value
648.99K
Weight
1.86%
AUM
34.71M USD
Expense ratio
0.95%
Price / 1D
$17.6695-0.01%
Invesco BuyBack Achievers ETF logoInvesco BuyBack Achievers ETFPKW
Market value
281.17K
Weight
0.02%
AUM
1.78B USD
Expense ratio
0.62%
Price / 1D
$151.05+0.95%
Simplify VettaFi Private Credit Strategy ETF logoSimplify VettaFi Private Credit Strategy ETFPCR
Market value
32.1K
Weight
1.30%
AUM
2.46M USD
Expense ratio
0.76%
Price / 1D
$19.705-0.04%

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