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Kayne Anderson BDC, Inc.(KBDC)Earnings, Financials & Key Ratios
KBDC•NYSE•Banking & Credit
$15.28
$1.04B mkt cap·9.1× P/E·Price updated May 6, 2026
AboutKayne Anderson BDC, Inc invests in middle market companies located in the United States with an EBITDA of USD 10 - 150 million. The fund focuses on a broad range of sectors and industries. It provides financing in the form of senior secured loans and split-lien loans to buyout transactions.Show more
- Net Interest Income$145M-6.0%
- Total Revenue$236M+29.9%
- Net Income$0-100.0%
- Net Interest Margin6.32%-14.4%
- Efficiency Ratio100%+2139.9%
- Equity / Assets48.54%-14.8%
- Book Value per Share15.80-15.1%
- Tangible BV/Share15.80-15.1%
KBDC Key Insights
Kayne Anderson BDC, Inc. (KBDC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 6.3%
- ✓Well capitalized: 48.5% equity/assets
- ✓Trading at only 1.0x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 1/9
- ✗High cost structure: 100.0% efficiency ratio
- ✗Shares diluted 10.2% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
KBDC Price & Volume
Kayne Anderson BDC, Inc. (KBDC) stock price & volume — 10-year historical chart
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KBDC Growth Metrics
Kayne Anderson BDC, Inc. (KBDC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years50.94%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-45.63%
EPS CAGR
10 Years-
5 Years-
3 Years33.62%
TTM-18.95%
Return on Capital
10 Years5.67%
5 Years5.67%
3 Years6.83%
Last Year-
KBDC Recent Earnings
Kayne Anderson BDC, Inc. (KBDC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (43%)●Beat Revenue 1/12 qtrs (14%)
Q2 2026Latest
Mar 2, 2026EPS
$0.44
Est $0.41
+7.3%
Revenue
$62M
Est $56M
+9.6%
Q4 2025
Nov 10, 2025EPS
$0.43
Est $0.40
+7.5%
Revenue
$46M
Est $54M
-14.1%
Q3 2025
Aug 11, 2025EPS
$0.40
Est $0.41
-2.4%
Revenue
$44M
Est $49M
-11.0%
Q2 2025
May 12, 2025EPS
$0.40
Est $0.42
-4.8%
Revenue
$40M
Est $61M
-35.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 2, 2026 | $0.44vs $0.41+7.3% | $62Mvs $56M+9.6% |
| Q4 2025 | Nov 10, 2025 | $0.43vs $0.40+7.5% | $46Mvs $54M-14.1% |
| Q3 2025 | Aug 11, 2025 | $0.40vs $0.41-2.4% | $44Mvs $49M-11.0% |
| Q2 2025 | May 12, 2025 | $0.40vs $0.42-4.8% | $40Mvs $61M-35.4% |
Based on last 12 quarters of dataView full earnings history →
KBDC Peer Comparison
Kayne Anderson BDC, Inc. (KBDC) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ARCC | 13.76B | 19.16 | 10.30 | 32.87% | 8.11% | 1.12 | ||
 GBDC | 3.47B | 13.31 | 9.37 | 42.5% | 5.24% | 1.23 | ||
 OBDC | 5.84B | 11.76 | 9.48 | 52.55% | 7.29% | 1.26 | ||
 FSCO | 1.04B | 5.23 | 5.51 | -17.44% | 13.47% | 0.32 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 MFIC | 1.11B | 12.07 | 17.75 | 21.25% | 2.51% | 1.53 | ||
 MAIN | 5.13B | 57.33 | 9.80 | 18.32% | 18.28% | 0.76 | ||
 HTGC | 3.02B | 16.44 | 8.89 | 26.97% | 13.18% | 1.04 |
Compare KBDC vs Peers
Kayne Anderson BDC, Inc. (KBDC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KBDC Income Statement
Kayne Anderson BDC, Inc. (KBDC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Net Interest Income | 14.56M | 56.66M | 110.81M | 153.84M | 144.55M |
| NII Growth % | - | 289.14% | 95.58% | 38.83% | -6.04% |
| Net Interest Margin % | 2.48% | 4.74% | 7.78% | 7.39% | 6.32% |
| Interest Income | 18.75M | 74.83M | 160.43M | 211.64M | 220.91M |
| Interest Expense | 4.2M | 18.17M | 49.62M | 57.8M | 76.36M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | -76.36M |
| Non-Interest Income | 10M | -6.26M | -28.04M | -30.08M | 14.91M |
| Non-Interest Income % | 34.78% | -9.13% | -21.18% | -16.57% | 6.32% |
| Total Revenue | 28.76M▲ 0% | 68.57M▲ 138.5% | 132.4M▲ 93.1% | 181.56M▲ 37.1% | 235.82M▲ 29.9% |
| Revenue Growth % | - | 138.45% | 93.08% | 37.13% | 29.89% |
| Non-Interest Expense | 2.27M | 4.63M | 5.7M | -8.9M | 235.82M |
| Efficiency Ratio | 7.9% | 6.76% | 4.31% | -4.9% | 100% |
| Operating Income | 22.29M▲ 0% | 45.77M▲ 105.3% | 77.08M▲ 68.4% | 132.66M▲ 72.1% | 0▼ 100.0% |
| Operating Margin % | 77.51% | 66.74% | 58.22% | 73.07% | 0% |
| Operating Income Growth % | - | 105.33% | 68.41% | 72.11% | -100% |
| Pretax Income | 22.29M▲ 0% | 45.77M▲ 105.3% | 77.08M▲ 68.4% | 132.66M▲ 72.1% | -1.66M▼ 101.2% |
| Pretax Margin % | 77.51% | 66.74% | 58.22% | 73.07% | -0.7% |
| Income Tax | 0 | 0 | 0 | 717K | -1.66M |
| Effective Tax Rate % | 0% | 0% | 0% | 0.54% | 100% |
| Net Income | 22.29M▲ 0% | 45.77M▲ 105.3% | 77.08M▲ 68.4% | 131.94M▲ 71.2% | 0▼ 100.0% |
| Net Margin % | 77.51% | 66.74% | 58.22% | 72.67% | 0% |
| Net Income Growth % | - | 105.33% | 68.41% | 71.18% | -100% |
| Net Income (Continuing) | 22.29M | 45.77M | 77.08M | 131.94M | 0 |
| EPS (Diluted) | 0.34▲ 0% | 0.70▲ 105.9% | 1.19▲ 70.0% | 2.07▲ 73.9% | 1.67▼ 19.3% |
| EPS Growth % | - | 105.88% | 70% | 73.95% | -19.32% |
| EPS (Basic) | 0.34 | 0.70 | 1.19 | 2.07 | 1.67 |
| Diluted Shares Outstanding | 65.02M | 65.02M | 65.02M | 63.76M | 70.26M |
KBDC Balance Sheet
Kayne Anderson BDC, Inc. (KBDC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.04M | 8.53M | 46.87M | 22.38M | 18.03M |
| Cash & Due from Banks | 2.04M | 8.53M | 34.07M | 22.38M | 18.03M |
| Short Term Investments | 0 | 0 | 12.8M | 0 | 0 |
| Total Investments | 250K | 7.15M | 1.39B | 0 | 0 |
| Investments Growth % | - | 2759.2% | 19333.44% | -100% | - |
| Long-Term Investments | 250K | 7.15M | 1.38B | 0 | 0 |
| Accounts Receivables | 2.13M | 10.55M | 12.98M | 15.51M | 24.06M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 582.05M | 1.17B | 0 | 2.04B | 0 |
| Total Current Assets | 4.17M | 19.08M | 1.48B | 37.88M | 42.09M |
| Total Non-Current Assets | 582.3M | 1.18B | 2.8B | 2.04B | 0 |
| Total Assets | 586.46M▲ 0% | 1.19B▲ 103.7% | 1.42B▲ 19.2% | 2.08B▲ 46.3% | 2.29B▲ 9.8% |
| Asset Growth % | - | 103.66% | 19.2% | 46.29% | 9.8% |
| Return on Assets (ROA) | 3.8% | 5.14% | 5.89% | 7.53% | - |
| Accounts Payable | 4.62M | 16.38M | 22.05M | 28.42M | 0 |
| Total Debt | 266.33M | 571.59M | 689.32M | 848.13M | 0 |
| Net Debt | 264.29M | 563.07M | 655.25M | 825.75M | -18.03M |
| Long-Term Debt | 266.33M | 571.59M | 689.32M | 848.13M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 3.55M | 14.38M | -689.32M | 19.77M | 0 |
| Total Current Liabilities | 4.62M | 16.38M | 22.05M | 28.42M | 0 |
| Total Non-Current Liabilities | 269.88M | 585.97M | 740.61M | 867.9M | 0 |
| Total Liabilities | 274.5M | 602.35M | 740.61M | 896.32M | 1.18B |
| Total Equity | 311.97M▲ 0% | 592.04M▲ 89.8% | 683.06M▲ 15.4% | 1.19B▲ 73.7% | 1.11B▼ 6.4% |
| Equity Growth % | - | 89.78% | 15.37% | 73.68% | -6.44% |
| Equity / Assets (Capital Ratio) | 53.19% | 49.57% | 47.98% | 56.96% | 48.54% |
| Return on Equity (ROE) | 7.14% | 10.12% | 12.09% | 14.12% | - |
| Book Value per Share | 4.80 | 9.11 | 10.51 | 18.61 | 15.80 |
| Tangible BV per Share | 4.80 | 9.11 | 10.51 | 18.61 | 15.80 |
| Common Stock | 19K | 36K | 42K | 71K | 68K |
| Additional Paid-in Capital | 300.73M | 574.54M | 669.99M | 1.15B | 0 |
| Retained Earnings | 11.22M | 17.46M | 13.02M | 33.88M | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 |
KBDC Cash Flow Statement
Kayne Anderson BDC, Inc. (KBDC) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Cash from Operations | 9.47M | 46.11M | 79.85M | 105.03M | -98.72M |
| Operating CF Growth % | - | 386.72% | 73.19% | 31.53% | -193.99% |
| Net Income | 22.29M | 45.77M | 77.08M | 131.94M | 0 |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 3.97M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -13.25M | -2.85M | -8.73M | -14.28M | -102.69M |
| Working Capital Changes | 434K | 3.19M | 11.51M | -12.63M | 0 |
| Cash from Investing | -568.61M | -587.88M | -189.91M | -649.53M | -187.73M |
| Purchase of Investments | -651.13M | -730M | -407.93M | -1.02B | -750.51M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K |
| Net Investment Activity | -650.13M | -729M | -406.93M | -1.02B | -749.51M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 21.37M | -1.14M | 0 |
| Cash from Financing | 561.16M | 548.26M | 135.6M | 532.81M | 94.37M |
| Dividends Paid | -4.41M | -23.1M | -70.01M | -101.75M | -6.38M |
| Share Repurchases | 0 | 0 | 0 | 0 | -47.99M |
| Stock Issued | 299.5M | 268.22M | 90.58M | 481M | 0 |
| Net Stock Activity | 299.5M | 268.22M | 90.58M | 481M | -47.99M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Financing | -932K | -6.86M | -3.72M | -1.52M | 100.75M |
| Net Change in Cash | 2.02M▲ 0% | 6.49M▲ 220.5% | 25.54M▲ 293.5% | -11.69M▼ 145.8% | -4.35M▲ 62.8% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 10K | 2.04M | 8.53M | 34.07M | 22.38M |
| Cash at End | 2.04M | 8.53M | 34.07M | 22.38M | 18.03M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 9.47M▲ 0% | 46.11M▲ 386.7% | 79.85M▲ 73.2% | 105.03M▲ 31.5% | -98.72M▼ 194.0% |
| FCF Growth % | - | 386.72% | 73.19% | 31.53% | -193.99% |
KBDC Banking Ratios
Kayne Anderson BDC, Inc. (KBDC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 7.14% | 10.12% | 12.09% | 14.12% | - |
| Return on Assets (ROA) | 3.8% | 5.14% | 5.89% | 7.53% | - |
| Net Interest Margin | 2.48% | 4.74% | 7.78% | 7.39% | 6.32% |
| Efficiency Ratio | 7.9% | 6.76% | 4.31% | -4.9% | 100% |
| Equity / Assets | 53.19% | 49.57% | 47.98% | 56.96% | 48.54% |
| Book Value / Share | 4.8 | 9.11 | 10.51 | 18.61 | 15.8 |
| NII Growth | - | 289.14% | 95.58% | 38.83% | -6.04% |
| Dividend Payout | 19.77% | 50.47% | 90.84% | - | - |
KBDC SEC Filings & Documents
Kayne Anderson BDC, Inc. (KBDC) SEC filings — annual & quarterly reports (10-K, 10-Q)
KBDC Frequently Asked Questions
Kayne Anderson BDC, Inc. (KBDC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Kayne Anderson BDC, Inc. (KBDC) grew revenue by 29.9% over the past year. This is strong growth.
Yes, Kayne Anderson BDC, Inc. (KBDC) is profitable, generating $71.7M in net income for fiscal year 2025.
Dividend & Returns
Yes, Kayne Anderson BDC, Inc. (KBDC) pays a dividend with a yield of 0.59%. This makes it attractive for income-focused investors.
Industry Metrics
Kayne Anderson BDC, Inc. (KBDC) has a net interest margin (NIM) of 6.3%. This indicates healthy earnings from lending activities.
Kayne Anderson BDC, Inc. (KBDC) has an efficiency ratio of 100.0%. This is higher than peers, suggesting room for cost optimization.
Explore More KBDC
Kayne Anderson BDC, Inc. (KBDC) financial analysis — history, returns, DCA and operating performance tools
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Earnings History
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Revenue History
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Valuation
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