Goldman Sachs BDC, Inc.

NYSE•GSBD

CEO: Mr. David Nathan Miller

Sector: Financial Services

Industry: Asset Management

Listing Date: 2015-03-18

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.

Contact Information

200 West Street, New York, NY, 10282, United States

212-902-1000

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

Market Cap

$1.01B

P/E (TTM)

13.6

Dividend Yield

19.5%

52W High

$12.03

52W Low

$8.65

52W Range

Rank48Top 64.4%

3.3

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.3 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$78.49M+0.00%

4-Quarter Trend

EPS

-$0.12+0.00%

4-Quarter Trend

FCF

$7.54M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Assets Decline Total net assets $1.42B, decreased $149.68M from prior year end, reflecting distributions.

Investment Income Compressed Total investment income $365.57M, down 15.8% due to lower base rates and portfolio size.

Credit Quality Improving Non-accrual investments reduced to 2.8% of cost basis, down from 4.5% last year.

Portfolio Yield Decreased Weighted average yield 10.5% fair value, down 2.7 points from 13.2% last year.

Risk Factors

High Leverage Exposure Net debt to EBITDA leverage ratio remains 5.9x, magnifying potential gains or losses on portfolio.

Valuation Subjectivity Risk Majority of investments are Level 3 assets requiring subjective fair value estimates, impacting NAV accuracy.

Incentive Fee Conflicts Incentive Fee structure may incentivize Investment Adviser toward riskier, speculative investments for higher compensation potential.

Regulatory Constraints Impact BDC structure imposes constraints reducing operating flexibility and limiting capital raising ability for growth.

Outlook

Debt Management Actions Repaid $500.00M in 2026 Notes in January 2026; issued $400.00M in new 2030 Notes.

Stock Repurchase Program Active Authorized $75.00M share repurchase plan, executing $52.16M purchases in 2025.

Board Size Reduced Board size reduced from seven to six directors effective February 25, 2026.

Investment Strategy Focus Strategy remains focused on direct originations of secured debt targeting middle-market companies.

Peer Comparison

Revenue (TTM)

VRTS

$799.77M

-11.0%

GSBD

$286.40M

+32.7%

OCSL

$284.92M

+134.0%

Gross Margin (Latest Quarter)

CSWC

100.0%

+32.7pp

MFIC

88.9%

-1.5pp

OCSL

86.3%

+31.2pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
CSWC	$1.44B	11.9	11.7%	51.9%
TRIN	$1.26B	9.2	14.7%	53.1%
PSEC	$1.21B	-30.9	-1.1%	27.1%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

4.5%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Aug 6, 2026

EPS:$0.34

Revenue:$78.94M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data