NYSE : GSBD
Goldman Sachs BDC, Inc. — Financial statements
Financials · Asset Management · United States
Last price 9.06 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.02B
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Financial statements
Goldman Sachs BDC, Inc. (GSBD) reported revenue of 340.18M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Other Revenue | 340.18M | 365.57M | 434.37M | 454.91M | 357.45M | 346.98M |
| Revenue | 340.18M | 365.57M | 434.37M | 454.91M | 357.45M | 346.98M |
| Gross Profit | 340.18M | 365.57M | 434.37M | 454.91M | 357.45M | 346.98M |
| Selling, General & Admin | 65.08M | 68.42M | 62.80M | 91.53M | 44.96M | 49.33M |
| Operating Expenses | 65.08M | 68.42M | 62.80M | 91.53M | 44.96M | 49.33M |
| Operating Income | 275.10M | 297.15M | 371.57M | 363.38M | 312.49M | 297.65M |
| Interest Expense | -113.37M | -108.09M | -109.99M | -108.87M | -77.12M | -54.80M |
| Currency Exchange Gain (Loss) | 3.52M | -3.76M | 5.52M | -4.32M | 1.11M | 5.15M |
| Other Non Operating Income (Expenses) | -3.60M | -3.47M | -3.73M | -2.43M | -2.35M | -4.19M |
| EBT Excluding Unusual Items | 161.64M | 181.84M | 263.37M | 247.76M | 234.13M | 243.81M |
| Gain (Loss) on Sale of Investments | -99.54M | -58.54M | -195.21M | -47.05M | -174.68M | -50.10M |
| Pretax Income | 62.10M | 123.29M | 68.17M | 200.72M | 59.46M | 193.71M |
| Income Tax Expense | 3.62M | 4.03M | 5.30M | 4.84M | 4.45M | 1.28M |
| Net Income | 58.48M | 119.27M | 62.87M | 195.87M | 55.00M | 192.43M |
| Net Income to Common | 58.48M | 119.27M | 62.87M | 195.87M | 55.00M | 192.43M |
| Shares Outstanding (Basic) | 113.24M | 115.58M | 114.67M | 108.31M | 102.26M | 101.69M |
| Shares Outstanding (Diluted) | 113.24M | 115.58M | 114.67M | 108.31M | 102.26M | 101.69M |
| EPS (Basic) | 0.52 | 1.03 | 0.55 | 1.81 | 0.54 | 1.89 |
| EPS (Diluted) | 0.52 | 1.03 | 0.55 | 1.81 | 0.54 | 1.89 |
| Dividend Per Share | 1.28 | 1.28 | 1.80 | 1.80 | 1.80 | 1.80 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 80.87% | 81.28% | 85.54% | 79.88% | 87.42% | 85.78% |
| Profit Margin | 17.19% | 32.62% | 14.47% | 43.06% | 15.39% | 55.46% |
| EBIT | 275.10M | 297.15M | 371.57M | 363.38M | 312.49M | 297.65M |
| EBIT Margin | 80.87% | 81.28% | 85.54% | 79.88% | 87.42% | 85.78% |
| Effective Tax Rate | 5.84% | 3.26% | 7.77% | 2.41% | 7.49% | 0.66% |
| Revenue as Reported | 340.18M | 365.57M | 434.37M | 454.91M | 357.45M | 346.98M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.43M | 43.21M | 61.80M | 52.36M | 39.60M | 33.76M |
| Cash & Short-Term Investments | 14.43M | 43.21M | 61.80M | 52.36M | 39.60M | 33.76M |
| Receivables | 23.89M | 26.93M | 28.09M | 38.53M | 31.78M | 23.28M |
| Other Current Assets | 100.00K | |||||
| Total Current Assets | 38.32M | 70.14M | 89.89M | 90.90M | 71.38M | 57.14M |
| Long-Term Investments | 36.23M | 35.72M | 25.24M | |||
| Long-Term Deferred Charges | 15.44M | 13.24M | 11.90M | 14.94M | 12.77M | 12.63M |
| Other Long-Term Assets | 3.20B | 3.26B | 3.48B | 3.42B | 3.51B | 3.48B |
| Total Assets | 3.29B | 3.38B | 3.60B | 3.52B | 3.59B | 3.55B |
| Accrued Expenses | 41.46M | 46.22M | 48.49M | 44.17M | 29.49M | 29.35M |
| Current Portion of Long-Term Debt | 499.92M | 359.85M | ||||
| Other Current Liabilities | 36.02M | 36.02M | 52.82M | 50.03M | 46.77M | 45.82M |
| Total Current Liabilities | 77.48M | 582.16M | 461.16M | 94.20M | 76.26M | 75.17M |
| Long-Term Debt | 1.85B | 1.38B | 1.57B | 1.83B | 2.01B | 1.86B |
| Total Liabilities | 1.93B | 1.96B | 2.03B | 1.92B | 2.09B | 1.94B |
| Common Stock | 113.00K | 113.00K | 117.00K | 110.00K | 103.00K | 102.00K |
| Additional Paid-In Capital | 1.88B | 1.88B | 1.95B | 1.83B | 1.71B | 1.67B |
| Retained Earnings | -522.06M | -456.69M | -373.67M | -224.58M | -207.62M | -56.44M |
| Shareholders' Equity | 1.36B | 1.42B | 1.57B | 1.60B | 1.50B | 1.61B |
| Total Liabilities & Equity | 3.29B | 3.38B | 3.60B | 3.52B | 3.59B | 3.55B |
| Total Debt | 1.85B | 1.88B | 1.93B | 1.83B | 2.01B | 1.86B |
| Net Cash (Debt) | -1.84B | -1.83B | -1.87B | -1.77B | -1.97B | -1.83B |
| Net Cash Per Share | -16.23 | -15.87 | -16.29 | -16.38 | -19.29 | -17.97 |
| Filing Date Shares Outstanding | 112.57M | 112.57M | 117.30M | 109.68M | 102.96M | 101.89M |
| Total Common Shares Outstanding | 112.57M | 112.57M | 117.30M | 109.56M | 102.85M | 101.53M |
| Working Capital | -39.17M | -512.02M | -371.27M | -3.30M | -4.88M | -18.02M |
| Book Value Per Share | 12.06 | 12.64 | 13.41 | 14.62 | 14.61 | 15.90 |
| Tangible Book Value | 1.36B | 1.42B | 1.57B | 1.60B | 1.50B | 1.61B |
| Tangible Book Value Per Share | 12.06 | 12.64 | 13.41 | 14.62 | 14.61 | 15.90 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 58.48M | 119.27M | 62.87M | 195.87M | 55.00M | 192.43M |
| Other Amortization | 8.95M | 8.40M | 8.82M | 6.29M | 6.41M | 7.81M |
| Loss (Gain) From Sale of Investments | 80.94M | 36.62M | 169.20M | 10.53M | 134.86M | -39.11M |
| Other Operating Activities | -48.95M | 166.90M | -254.19M | 81.54M | -162.20M | -196.81M |
| Change in Accounts Receivable | -2.81M | 1.17M | 10.44M | -6.75M | -8.50M | 826.00K |
| Change in Other Net Operating Assets | -15.19M | -6.68M | 5.32M | 13.21M | 1.86M | 5.00M |
| Operating Cash Flow | 81.42M | 325.68M | 2.46M | 300.69M | 27.44M | -29.86M |
| Long-Term Debt Issued | 1.59B | 1.10B | 378.54M | 846.18M | 1.13B | |
| Long-Term Debt Repaid | -1.64B | -995.65M | -567.70M | -698.50M | -898.19M | |
| Net Debt Issued (Repaid) | 76.54M | -48.88M | 103.61M | -189.16M | 147.68M | 229.34M |
| Issuance of Common Stock | 109.93M | 98.08M | 14.01M | |||
| Repurchase of Common Stock | -41.48M | -52.17M | ||||
| Common Dividends Paid | -193.99M | -233.52M | -197.70M | -190.96M | -180.00M | -193.04M |
| Other Financing Activities | -16.04M | -9.88M | -8.69M | -5.96M | -3.44M | -4.61M |
| Financing Cash Flow | -174.96M | -344.45M | 7.15M | -287.99M | -21.75M | 31.69M |
| Foreign Exchange Rate Adjustments | -64.00K | 186.00K | -171.00K | 62.00K | 147.00K | -211.00K |
| Net Cash Flow | -93.61M | -18.58M | 9.43M | 12.76M | 5.84M | 1.63M |
| Levered Free Cash Flow | 88.31M | 108.66M | 189.86M | 176.55M | 146.21M | 165.41M |
| Unlevered Free Cash Flow | 150.22M | 167.82M | 249.78M | 238.30M | 188.00M | 191.85M |
| Cash Interest Paid | 94.33M | 95.61M | 93.94M | 102.57M | 71.96M | 41.89M |
| Change in Working Capital | -17.99M | -5.51M | 15.76M | 6.46M | -6.64M | 5.83M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.01B | 1.06B | 1.42B | 1.61B | 1.41B | 1.95B |
| Enterprise Value | 2.84B | 2.79B | 3.25B | 3.41B | 3.47B | 3.41B |
| Last Close Price | 8.93 | 8.31 | 9.12 | 9.72 | 8.03 | 10.06 |
| PE Ratio | 17.29 | 8.88 | 22.58 | 8.20 | 25.64 | 10.14 |
| Forward PE | 7.03 | 6.95 | 6.68 | 6.67 | 6.84 | 9.51 |
| PS Ratio | 2.96 | 2.90 | 3.27 | 3.53 | 3.94 | 5.62 |
| PB Ratio | 0.74 | 0.74 | 0.90 | 1.00 | 0.94 | 1.21 |
| P/TBV Ratio | 0.74 | 0.74 | 0.90 | 1.00 | 0.94 | 1.21 |
| P/OCF Ratio | 12.35 | 3.25 | 577.65 | 5.34 | 51.39 | |
| PEG Ratio | 9.26 | 9.26 | 9.26 | 9.26 | 9.26 | |
| EV/Sales Ratio | 8.36 | 7.63 | 7.47 | 7.49 | 9.72 | 9.81 |
| EV/EBIT Ratio | 10.34 | 9.38 | 8.74 | 9.38 | 11.12 | 11.44 |
| Debt / Equity Ratio | 1.36 | 1.32 | 1.23 | 1.14 | 1.34 | 1.15 |
| Net Debt / Equity Ratio | 1.35 | 1.29 | 1.19 | 1.11 | 1.31 | 1.13 |
| Asset Turnover | 0.10 | 0.10 | 0.12 | 0.13 | 0.10 | 0.10 |
| Quick Ratio | 0.49 | 0.12 | 0.20 | 0.96 | 0.94 | 0.76 |
| Current Ratio | 0.49 | 0.12 | 0.20 | 0.96 | 0.94 | 0.76 |
| Return on Equity (ROE) | 4.07% | 7.96% | 3.96% | 12.62% | 3.53% | 11.92% |
| Return on Assets (ROA) | 5.13% | 5.32% | 6.52% | 6.39% | 5.47% | 5.42% |
| Return on Invested Capital (ROIC) | 8.06% | 8.58% | 10.05% | 10.35% | 8.36% | 8.89% |
| Return on Capital Employed (ROCE) | 8.60% | 10.60% | 11.80% | 10.60% | 8.90% | 8.60% |
| Earnings Yield | 5.78% | 11.26% | 4.43% | 12.20% | 3.90% | 9.86% |
| Dividend Yield | 15.01% | 13.61% | 14.88% | 12.29% | 13.13% | 9.37% |
| Payout Ratio | 267.22% | 195.79% | 314.48% | 97.49% | 327.26% | 100.32% |
| Buyback Yield / Dilution | 3.37% | -0.79% | -5.88% | -5.91% | -0.56% | -88.52% |
| Total Shareholder Return | 18.38% | 12.82% | 9.00% | 6.37% | 12.57% | -79.16% |