8-K Announcements
6May 4, 2026·SEC
May 4, 2026·SEC
Apr 6, 2026·SEC
Golub Capital BDC, Inc. (GBDC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Golub Capital BDC, Inc. (GBDC) stock price & volume — 10-year historical chart
Golub Capital BDC, Inc. (GBDC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Golub Capital BDC, Inc. (GBDC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.34vs $0.36-5.6% | $188Mvs $202M-6.7% |
| Q1 2026 | Feb 4, 2026 | $0.38vs $0.38+0.0% | $207Mvs $210M-1.3% |
| Q4 2025 | Nov 18, 2025 | $0.39vs $0.39-0.3% | $184Mvs $222M-16.8% |
| Q3 2025 | Aug 4, 2025 | $0.39vs $0.38+2.6% | $219Mvs $221M-1.0% |
Golub Capital BDC, Inc. (GBDC) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
Golub Capital BDC, Inc. (GBDC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Golub Capital BDC, Inc. (GBDC) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 98.92M | 107.76M | 125.91M | 220.14M | 234.7M | 293.5M | 441.4M | -212.4M | 552.6M | 317.63M |
NII Growth % | 5.16% | 8.94% | 16.84% | 74.84% | 6.61% | 25.05% | 50.39% | -148.12% | 360.18% | 825.2% |
Net Interest Margin % | 5.64% | 5.87% | 2.86% | 4.95% | 4.54% | 5.17% | 7.7% | -2.44% | 6.15% | 3.72% |
Interest Income | 130.45M | 140.93M | 169.44M | 295M | 300.44M | 382.88M | 584.63M | 680.51M | 833.23M | 583.62M |
Interest Expense | 31.53M | 33.17M | 43.53M | 74.86M | 65.74M | 89.38M | 143.23M | 212.4M | 280.62M | 265.99M |
Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 1.32M | 1.64M | -100.04M | -119.45M | -78.37M |
Non-Interest Income | -11.32M | -20.14M | -138.57M | -153.31M | 114.77M | -36.6M | -12.1M | -69.46M | 37.55M | 177.76M |
Non-Interest Income % | -9.5% | -16.67% | -448.83% | -108.2% | 27.64% | -10.57% | -2.11% | -11.37% | 4.31% | 23.35% |
Total Revenue | 119.13M▲ 0% | 120.8M▲ 1.4% | 30.87M▼ 74.4% | 141.69M▲ 359.0% | 415.2M▲ 193.0% | 346.28M▼ 16.6% | 572.53M▲ 65.3% | 611.05M▲ 6.7% | 870.78M▲ 42.5% | 761.39M▲ 0% |
Revenue Growth % | -6.83% | 1.4% | -74.44% | 358.95% | 193.03% | -16.6% | 65.34% | 6.73% | 42.5% | 104.06% |
Non-Interest Expense | 5.29M | 5.65M | 5.92M | 11.96M | 8.64M | 11.41M | 1.65M | 16.3M | 22.19M | 138.87M |
Efficiency Ratio | 4.44% | 4.68% | 19.18% | 8.44% | 2.08% | 3.3% | 0.29% | 2.67% | 2.55% | 18.24% |
Operating Income | 82.31M▲ 0% | 81.97M▼ 0.4% | -18.58M▼ 122.7% | 54.87M▲ 395.3% | 340.82M▲ 521.1% | 244.16M▼ 28.4% | 426.01M▲ 74.5% | 482.4M▲ 13.2% | 687.42M▲ 42.5% | 434.89M▲ 0% |
Operating Margin % | 69.09% | 67.86% | -60.18% | 38.73% | 82.09% | 70.51% | 74.41% | 78.95% | 78.94% | 57.12% |
Operating Income Growth % | -11.54% | -0.41% | -122.67% | 395.34% | 521.12% | -28.36% | 74.48% | 13.24% | 42.5% | - |
Pretax Income | 82.31M▲ 0% | 81.97M▼ 0.4% | -18.58M▼ 122.7% | 54.87M▲ 395.3% | 340.82M▲ 521.1% | 155.64M▼ 54.3% | 275.4M▲ 76.9% | 274.36M▼ 0.4% | 375.65M▲ 36.9% | 204.49M▲ 0% |
Pretax Margin % | 69.09% | 67.86% | -60.18% | 38.73% | 82.09% | 44.95% | 48.1% | 44.9% | 43.14% | 26.86% |
Income Tax | 17K | 0 | 0 | 0 | 543K | 72K | 3.37M | 575K | -475K | -365K |
Effective Tax Rate % | 0.02% | 0% | 0% | 0% | 0.16% | 0.05% | 1.22% | 0.21% | -0.13% | -0.18% |
Net Income | 82.29M▲ 0% | 81.97M▼ 0.4% | -18.58M▼ 122.7% | 54.87M▲ 395.3% | 340.28M▲ 520.1% | 155.57M▼ 54.3% | 272.03M▲ 74.9% | 273.79M▲ 0.6% | 376.13M▲ 37.4% | 204.86M▲ 0% |
Net Margin % | 69.07% | 67.86% | -60.18% | 38.73% | 81.95% | 44.93% | 47.51% | 44.81% | 43.19% | 26.91% |
Net Income Growth % | 18.91% | -0.39% | -122.67% | 395.34% | 520.13% | -54.28% | 74.86% | 0.64% | 37.38% | -30.5% |
Net Income (Continuing) | 82.29M | 81.97M | -18.58M | 54.87M | 340.28M | 155.57M | 272.03M | 273.79M | 376.13M | 204.86M |
EPS (Diluted) | 1.45▲ 0% | 1.33▼ 8.3% | -0.28▼ 121.1% | 0.37▲ 232.1% | 2.03▲ 448.6% | 0.90▼ 55.7% | 1.52▲ 68.9% | 1.36▼ 10.5% | 1.42▲ 4.4% | 0.78▲ 0% |
EPS Growth % | 9.02% | -8.28% | -121.05% | 232.14% | 448.65% | -55.66% | 68.89% | -10.53% | 4.41% | -31.63% |
EPS (Basic) | 1.45 | 1.33 | -0.28 | 0.37 | 2.03 | 0.90 | 1.52 | 1.36 | 1.42 | - |
Diluted Shares Outstanding | 56.91M | 61.74M | 65.49M | 148.91M | 167.99M | 170.67M | 170.32M | 201.26M | 266M | 262.68M |
Golub Capital BDC, Inc. (GBDC) balance sheet — assets, liabilities & shareholders' equity
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 3.99M | 5.88M | 6.52M | 25.14M | 181.09M | 124.14M | 69.83M | 131.16M | 23.62M | 310.23M |
Cash & Due from Banks | 3.99M | 6.04M | 6.52M | 25.14M | 181.09M | 124.14M | 69.83M | 131.16M | 23.62M | 128.42M |
Short Term Investments | 0 | -159K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Investments | 1.69B | 1.78B | 4.29B | 4.24B | 4.89B | 5.45B | 14.94M | 31.71M | 12.13M | 0 |
Investments Growth % | 1.47% | 5.81% | 140.79% | -1.27% | 15.49% | 11.27% | -99.73% | 112.25% | -61.75% | 108899.11% |
Long-Term Investments | 1.69B | 1.78B | 4.29B | 4.24B | 4.89B | 5.45B | 14.94M | 31.71M | 12.13M | 17.61B |
Accounts Receivables | 0 | 0 | 0 | 17.26M | 18.26M | 20.79M | 58.05M | 74.04M | 68.03M | 63.68M |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | -1.69B | -1.78B | -4.29B | 802K | 0 | 1.19M | 5.59B | 8.47B | 8.76B | 0 |
Total Current Assets | 10.26M | 12.54M | 23.31M | 205.27M | 199.35M | 233.68M | 127.88M | 205.2M | 204.77M | 192.09M |
Total Non-Current Assets | 1.69B | 1.78B | 4.29B | 4.24B | 4.89B | 5.45B | 5.61B | 8.5B | 8.77B | 0 |
Total Assets | 1.75B▲ 0% | 1.84B▲ 4.6% | 4.39B▲ 139.4% | 4.44B▲ 1.1% | 5.16B▲ 16.2% | 5.68B▲ 10.0% | 5.73B▲ 0.9% | 8.71B▲ 51.8% | 8.98B▲ 3.1% | 8.53B▲ 0% |
Asset Growth % | -0.13% | 4.64% | 139.43% | 1.12% | 16.21% | 10% | 0.92% | 51.84% | 3.13% | 6.12% |
Return on Assets (ROA) | 4.69% | 4.57% | -0.6% | 1.24% | 7.08% | 2.87% | 4.77% | 3.79% | 4.25% | 2.3% |
Accounts Payable | 6.11M | 6.2M | 4.34M | 800K | 1.79M | 870K | 24.75M | 56M | 38.25M | 0 |
Total Debt | 776.83M | 842.75M | 2.12B | 2.02B | 2.55B | 3.08B | 3.12B | 4.6B | 4.9B | 0 |
Net Debt | 772.84M | 836.71M | 2.11B | 1.99B | 2.37B | 2.95B | 3.05B | 4.47B | 4.88B | -128.42M |
Long-Term Debt | 776.83M | 842.75M | 2.12B | 2.02B | 2.55B | 3.08B | 3.12B | 4.6B | 4.9B | 0 |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | -27K | -49K | 0 | 1.06M | 0 | 1.4M | 43.13M | 36.02M | 56.7M | 4.78B |
Total Current Liabilities | 19.4M | 24M | 52.44M | 29.23M | 30.84M | 58.93M | 24.75M | 56M | 38.25M | 0 |
Total Non-Current Liabilities | 776.8M | 842.7M | 2.12B | 2.02B | 2.55B | 3.08B | 3.16B | 4.64B | 4.96B | 4.78B |
Total Liabilities | 796.23M | 866.7M | 2.17B | 2.05B | 2.58B | 3.14B | 3.19B | 4.69B | 5B | 4.78B |
Total Equity | 957.95M▲ 0% | 968.85M▲ 1.1% | 2.22B▲ 129.4% | 2.4B▲ 7.8% | 2.58B▲ 7.8% | 2.54B▼ 1.5% | 2.55B▲ 0.1% | 4.01B▲ 57.6% | 3.98B▼ 0.8% | 3.75B▲ 0% |
Equity Growth % | 9% | 1.14% | 129.43% | 7.8% | 7.78% | -1.48% | 0.13% | 57.56% | -0.8% | -12.24% |
Equity / Assets (Capital Ratio) | 54.61% | 52.78% | 50.58% | 53.92% | 50% | 44.79% | 44.44% | 46.11% | 44.36% | 43.94% |
Return on Equity (ROE) | 8.96% | 8.51% | -1.16% | 2.38% | 13.67% | 6.07% | 10.68% | 8.34% | 9.41% | 5.24% |
Book Value per Share | 16.83 | 15.69 | 33.94 | 16.09 | 15.37 | 14.91 | 14.96 | 19.95 | 14.97 | 14.27 |
Tangible BV per Share | 16.83 | 15.69 | 33.94 | 16.09 | 15.37 | 14.91 | 14.96 | 19.95 | 14.97 | 14.27 |
Common Stock | 60K | 60K | 133K | 167K | 170K | 171K | 170K | 264K | 266K | 261K |
Additional Paid-in Capital | 939.31M | 949.55M | 2.31B | 2.62B | 2.66B | 2.68B | 2.65B | 4.17B | 4.03B | 0 |
Retained Earnings | 18.58M | 19.25M | -87.89M | -228.58M | -81.73M | -132.34M | -99.2M | -152.99M | -48.82M | 0 |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Golub Capital BDC, Inc. (GBDC) cash flow — operating, investing & free cash flow history
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 62.2M | -8.48M | -118.46M | 187.68M | -306.05M | -416.46M | 195.37M | 343.91M | -113.59M | 313.35M |
Operating CF Growth % | 210.91% | -113.63% | -1296.96% | 258.43% | -263.07% | -36.08% | 146.91% | 76.03% | -133.03% | 121.06% |
Net Income | 82.29M | 81.97M | -18.58M | 54.87M | 340.28M | 153.44M | 258.63M | 273.79M | 376.65M | 204.86M |
Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -21.11M | -94.59M | -109.46M | 160.2M | -644M | -603M | -31.07M | 54.03M | -485.34M | 126.62M |
Working Capital Changes | 1.02M | 4.14M | 9.58M | -27.39M | -2.33M | 33.1M | -32.19M | 16.1M | -4.9M | -18.07M |
Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213.13M |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -123.43M |
Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 336.57M |
Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213.13M |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | -89.18M | -8.3M | 157.16M | -87.81M | 366.85M | 353.13M | -235.55M | -124.24M | -131.59M | -637.6M |
Dividends Paid | -76.78M | -71.06M | -75.3M | -136.43M | -139.12M | -155.21M | -191.47M | -338.19M | -368.21M | -327.38M |
Share Repurchases | 0 | 0 | 0 | -45.53M | -14.66M | -36.42M | -63.79M | -4.81M | -77.83M | -208.7M |
Stock Issued | 74.01M | 0 | 0 | 300.43M | 0 | 0 | 0 | 0 | 37.43M | 35.91M |
Net Stock Activity | 74.01M | 0 | 0 | 254.89M | -14.66M | -36.42M | -63.79M | -4.81M | -40.4M | -172.79M |
Debt Issuance (Net) | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -2M |
Other Financing | -2.33M | -1.98M | -4.1M | -4.49M | -22.16M | -6.7M | -5.78M | -18.98M | -10.64M | -5.09M |
Net Change in Cash | -26.98M▲ 0% | -16.85M▲ 37.5% | 38.5M▲ 328.5% | 100.22M▲ 160.3% | 59.91M▼ 40.2% | -63.79M▼ 206.5% | -40.35M▲ 36.8% | 219.35M▲ 643.6% | -247.11M▼ 212.7% | -111.2M▲ 0% |
Exchange Rate Effect | 0 | -70K | -195K | 346K | -889K | -458K | -171K | -331K | -1.93M | -89K |
Cash at Beginning | 89.54M | 62.56M | 45.7M | 84.21M | 184.43M | 244.34M | 180.55M | 140.21M | 359.55M | 160.54M |
Cash at End | 62.56M | 45.7M | 84.21M | 184.43M | 244.34M | 180.55M | 140.21M | 359.55M | 112.44M | 135.18M |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | 62.2M▲ 0% | -8.48M▼ 113.6% | -118.46M▼ 1297.0% | 187.68M▲ 258.4% | -306.05M▼ 263.1% | -416.46M▼ 36.1% | 195.37M▲ 146.9% | 343.91M▲ 76.0% | -113.59M▼ 133.0% | 313.35M▲ 0% |
FCF Growth % | 210.91% | -113.63% | -1296.96% | 258.43% | -263.07% | -36.08% | 146.91% | 76.03% | -133.03% | 311.16% |
Golub Capital BDC, Inc. (GBDC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 8.96% | 8.51% | -1.16% | 2.38% | 13.67% | 6.07% | 10.68% | 8.34% | 9.41% | 5.24% |
Return on Assets (ROA) | 4.69% | 4.57% | -0.6% | 1.24% | 7.08% | 2.87% | 4.77% | 3.79% | 4.25% | 2.3% |
Net Interest Margin | 5.64% | 5.87% | 2.86% | 4.95% | 4.54% | 5.17% | 7.7% | -2.44% | 6.15% | 3.72% |
Efficiency Ratio | 4.44% | 4.68% | 19.18% | 8.44% | 2.08% | 3.3% | 0.29% | 2.67% | 2.55% | 18.24% |
Equity / Assets | 54.61% | 52.78% | 50.58% | 53.92% | 50% | 44.79% | 44.44% | 46.11% | 44.36% | 43.94% |
Book Value / Share | 16.83 | 15.69 | 33.94 | 16.09 | 15.37 | 14.91 | 14.96 | 19.95 | 14.97 | 14.27 |
NII Growth | 5.16% | 8.94% | 16.84% | 74.84% | 6.61% | 25.05% | 50.39% | -148.12% | 360.18% | 214.97% |
Dividend Payout | 93.31% | 86.69% | - | 248.63% | 40.88% | 99.77% | 70.38% | 123.52% | 97.89% | 124.5% |
Golub Capital BDC, Inc. (GBDC) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 4, 2026·SEC
May 4, 2026·SEC
Apr 6, 2026·SEC
Golub Capital BDC, Inc. (GBDC) stock FAQ — growth, dividends, profitability & financials explained
Golub Capital BDC, Inc. (GBDC) grew revenue by 42.5% over the past year. This is strong growth.
Yes, Golub Capital BDC, Inc. (GBDC) is profitable, generating $204.9M in net income for fiscal year 2025 (43.2% net margin).
Yes, Golub Capital BDC, Inc. (GBDC) pays a dividend with a yield of 11.21%. This makes it attractive for income-focused investors.
Golub Capital BDC, Inc. (GBDC) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.
Golub Capital BDC, Inc. (GBDC) has a net interest margin (NIM) of 6.2%. This indicates healthy earnings from lending activities.
Golub Capital BDC, Inc. (GBDC) has an efficiency ratio of 2.5%. This is excellent, indicating strong cost control.