GSBD Research | Milton Maxwell

GSBD

Goldman Sachs BDC, Inc.

9.84

+0.02+0.2%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

1.12B

P/E (TTM)

8.56

Basic EPS (TTM)

1.15

Dividend Yield

0.05%

Recent Filings

10-Q

Q3 FY2025 results

11/6/25Nov 6, 2025

Goldman Sachs BDC posted Q3 investment income of $91.6M, down 17% y/y from $110.4M as portfolio shrank to $3.20B fair value, yet net investment income held at $45.3M after $907K excise tax. Earnings per share fell to $0.22 from $0.32 y/y on $20.6M net realized/unrealized losses, mainly Streamland and Pluralsight writedowns, but YTD op cash flow roared to $355.6M. Debt dropped to $1.84B with $1.14B revolver room; repurchased 3.2M shares at 10.9% NAV discount. NAV slipped to $12.75. Non-accruals ticked to 2.5% cost. Interest rates loom large.

8-K

GSBD Q3 NII $0.40, NAV falls

11/6/25Nov 6, 2025

Goldman Sachs BDC reported Q3 net investment income of $0.40 per share, yielding 12.5% annualized on book value, yet NAV dipped 2.1% to $12.75 amid $20.6M net losses. Portfolio stayed senior-secured heavy at 98.2%, but non-accruals ticked to 1.5% with one addition. Board declared $0.32 base and $0.04 supplemental dividends. Leverage rose to 1.17x.

8-K

Q3 earnings call set

10/27/25Oct 27, 2025

Goldman Sachs BDC scheduled its Q3 2025 earnings release for after market close on November 6, with a conference call the next morning at 9:00 am ET. Investors can dial in or access the webcast on the company's site. No results disclosed yet. Forward-looking statements carry risks.

8-K

GSBD closes $400M notes

9/9/25Sep 9, 2025

Goldman Sachs BDC closed a $400 million 5.650% notes offering due 2030 on September 9, 2025, netting $394.9 million after discounts and expenses. It will repay part of its Truist/BofA credit facility and fund general purposes. Notes rank senior unsecured, pari passu with existing debt. Repayment kicks in on change of control.

10-Q

Q2 FY2025 results

8/7/25Aug 7, 2025

Goldman Sachs BDC posted Q2 investment income of $91M, down 16% y/y from $109M yet stable q/q, as portfolio shrank to $3.3B fair value from $3.5B year-end. Net investment income held at $44M despite $26M debt costs, driving $0.34 diluted EPS versus last year's loss; YTD $0.60 EPS reconciles to 117M shares. Realized losses hit $81M on restructurings, offset by $79M unrealized gains for $39M net operations gain. Cash climbed to $108M with $308M OCF; debt fell to $1.8B (Revolving Facility/2026-2027 Notes), $793M available. Repurchased 1M shares at 12% NAV discount. Non-GAAP metrics not disclosed in the 10-Q. Portfolio grades tightened: 94% Grade 2. Interest rate volatility pressures yields.

About

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.

CEO

Mr. David Nathan Miller

IPO

3/18/2015

Website

https://www.goldmansachsbdc.com/content/gsam/us/en/bdc/homepage.html

Sector

Financial Services

Industry

Asset Management