Barings BDC, Inc. (BBDC) Revenue History
Annual and quarterly revenue from 2004 to present
BBDC Revenue Over Time (2004–2025)
BBDC Revenue Growth History
16 of 21 years with positive growth- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- +146.3%
- FY2006 revenue growth
- +31.6%
- FY2007 revenue growth
- +103.4%
- FY2008 revenue growth
- +30.7%
- FY2009 revenue growth
- +21.8%
- FY2010 revenue growth
- +37.3%
- FY2011 revenue growth
- +146.5%
- FY2012 revenue growth
- +28.0%
- FY2013 revenue growth
- +11.8%
- FY2014 revenue growth
- +3.4%
- FY2015 revenue growth
- +16.1%
- FY2016 revenue growth
- -6.3%
- FY2017 revenue growth
- +8.2%
- FY2018 revenue growth
- -34.8%
- FY2019 revenue growth
- -5.7%
- FY2020 revenue growth
- -51.1%
- FY2021 revenue growth
- +224.0%
- FY2022 revenue growth
- +82.9%
- FY2023 revenue growth
- +32.0%
- FY2024 revenue growth
- -27.7%
- FY2025 revenue growth
- +19.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $52.2M | — |
| Q4 2025 | $49.7M | — |
| Q3 2025 | $71.0M | — |
| Q2 2025 | $45.8M | — |
| Q1 2025 | $54.9M | — |
| Q4 2024 | $50.2M | — |
| Q3 2024 | $48.0M | — |
| Q2 2024 | $42.9M | — |
Multi-year avg. share of annual revenue by fiscal quarter
BBDC Revenue Analysis (2004–2025)
Current Revenue & Growth
As of June 22, 2026, Barings BDC, Inc. (BBDC) generated trailing twelve-month (TTM) revenue of $218.8 million, reflecting slight decline in growth of -4.8% year-over-year. The most recent quarter (Q1 2026) recorded $52.2 million in revenue, up 5.1% sequentially.
Historical Growth Trajectory
BBDC's 5-year compound annual growth rate (CAGR) stands at +46.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +4.3% is below the 5-year average, signalling a growth deceleration in recent years. Barings BDC, Inc.'s highest annual revenue of $289.2 million was recorded in 2023.
Peer Comparison
Compared to Financial Services sector peers — including ARCC, FSCO, and GBDC. Compare BBDC vs ARCC →
BBDC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BBDCCurrent | $219M | -4.8% | +46.4% | 85.2% | |
 ARCC | $3.1B | - | - | 69.7% | |
 FSCO | $206M | - | - | 74.5% | |
 GBDC | $871M | - | - | 78.9% | |
 TPVG | $97M | - | - | 77.9% | |
 PFLT | $172M | - | - | 39.4% |
BBDC Historical Revenue Data (2004–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $248.8M | - | $184.1M | 74.0% | $212.0M | 85.2% |
| 2024 | $209.1M | - | $123.6M | 59.1% | $113.8M | 54.4% |
| 2023 | $289.2M | - | $289.2M | 100.0% | $214.5M | 74.2% |
| 2022 | $219.1M | - | $219.1M | 100.0% | $173.1M | 79.0% |
| 2021 | $119.8M | - | $86.8M | 72.4% | $77.7M | 64.9% |
| 2020 | $37.0M | - | $17.2M | 46.4% | $8.2M | 22.3% |
| 2019 | $75.6M | - | $75.6M | 100.0% | $56.7M | 74.9% |
| 2018 | $80.2M | - | $80.2M | 100.0% | $51.4M | 64.1% |
| 2017 | $123.0M | - | $123.0M | 100.0% | $101.5M | 82.5% |
| 2016 | $113.7M | - | $113.7M | 100.0% | $92.6M | 81.5% |
| 2015 | $121.3M | - | $121.3M | 100.0% | $98.4M | 81.1% |
| 2014 | $104.5M | - | $104.5M | 100.0% | $83.2M | 79.6% |
| 2013 | $101.0M | - | $101.0M | 100.0% | $81.8M | 80.9% |
| 2012 | $90.4M | - | $90.4M | 100.0% | $74.1M | 82.0% |
| 2011 | $70.6M | - | $70.6M | 100.0% | $67.8M | 96.0% |
Intrinsic Valuation
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Historical Returns
22+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BBDC — Frequently Asked Questions
Quick answers to the most common questions about buying BBDC stock.
Is BBDC's revenue growth accelerating or slowing?
BBDC revenue growth is slowing. TTM revenue is $219M, up -4.8% year-over-year — below the 5-year CAGR of +46.4%. The deceleration suggests maturing end-markets or increased competition.
What is BBDC's revenue history from 2004 to 2026?
Barings BDC, Inc. (BBDC) revenue history spans 2004 to 2026. TTM revenue as of 2026 is $219M, growing at -4.8% YoY. The 5-year CAGR is +46.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BBDC's long-term revenue growth rate (CAGR)?
Barings BDC, Inc.'s 5-year revenue CAGR of +46.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -4.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BBDC.
Why does BBDC's quarterly revenue fluctuate?
BBDC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Barings BDC, Inc.'s revenue data from 2004 to 2026 shows full historical quarterly detail on this page.
How is BBDC's revenue distributed by segment?
BBDC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BBDC's revenue compare to industry peers?
Barings BDC, Inc. (BBDC) with TTM revenue of $219M and -4.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.