GBDC financial statements
The full income statement, balance sheet, and cash-flow statement for Golub Capital BDC Inc. (GBDC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Selling, general & administrative | 1.92M+29.6% | 1.48M-1.3% | 1.50M-12.7% | 1.72M+20.9% | 1.42M+18.8% | |
| General & administrative | 1.92M+29.6% | 1.48M-1.3% | 1.50M-12.7% | 1.72M+20.9% | 1.42M+18.8% | |
| Interest expense | — | — | 151M+68.5% | 89.4M+36.0% | 65.7M-12.2% | |
| Net income | 377M+37.6% | 274M+5.9% | 259M+68.6% | 153M-54.9% | 340M+520.1% | |
| $1.42+4.4% | $1.36-10.5% | $1.52+68.9% | $0.90-55.7% | $2.03+448.6% | ||
| EPS (basic) | $1.42+4.4% | $1.36-10.5% | $1.52+68.9% | $0.90-55.7% | $2.03+448.6% | |
| Weighted-avg shares (basic) | 266M+32.2% | 201M+18.2% | 170M-0.2% | 171M+1.6% | 168M+12.8% | |
| Weighted-avg shares (diluted) | 266M+32.2% | 201M+18.2% | 170M-0.2% | 171M+1.6% | 168M+12.8% | |
| Dividends per share | $1.65-12.7% | $1.89+35.0% | $1.40+16.7% | $1.20+3.4% | $1.16-15.3% | |
| Balance Sheet | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Cash & equivalents | 11.9M-90.3% | 123M+87.6% | 65.6M-44.1% | 117M-33.2% | 176M-4.8% | |
| Total assets | 8.98B+3.2% | 8.70B+51.8% | 5.73B+0.9% | 5.68B+10.0% | 5.16B | |
| 5.00B+6.5% | 4.69B+47.2% | 3.19B+1.6% | 3.14B+21.5% | 2.58B | ||
| Long-term debt | 4.90B+6.6% | 4.60B+47.5% | 3.12B+1.3% | 3.08B+20.6% | 2.55B | |
| 3.98B-0.8% | 4.01B+57.6% | 2.55B+0.1% | 2.54B-1.5% | 2.58B+7.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 266K+0.8% | 264K+55.3% | 170K-0.6% | 171K+0.6% | 170K | |
| Additional paid-in capital | 4.03B-3.3% | 4.17B+57.4% | 2.65B-1.1% | 2.68B+0.5% | 2.66B | |
| Retained earnings | -48.8M+68.1% | -153M-54.2% | -99.2M+25.0% | -132M-61.9% | -81.7M | |
| Total liabilities & equity | 8.98B+3.2% | 8.70B+51.8% | 5.73B+0.9% | 5.68B+10.0% | 5.16B | |
| Common shares issued | 266M+0.7% | 264M+55.8% | 170M-0.8% | 171M+0.5% | 170M | |
| Common shares outstanding | 266M+0.7% | 264M+55.8% | 170M-0.8% | 171M+0.5% | 170M+1.7% | |
| Shares outstanding (cover) | 263M-0.3% | 264M+55.8% | 170M-0.8% | 171M | — | |
| Cash Flow | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Cash from operations | -114M-133.0% | 344M+76.0% | 195M+146.9% | -416M-36.1% | -306M-263.1% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -132M-5.9% | -124M+47.3% | -236M-166.7% | 353M-3.7% | 367M+517.8% | ||
| Long-term debt issued | 4.80B+64.0% | 2.93B+348.8% | 653M-49.5% | 1.29B-61.5% | 3.36B+218.8% | |
| Long-term debt repaid | 4.51B+67.8% | 2.69B+329.1% | 627M-15.4% | 741M-73.7% | 2.82B+124.4% | |
| Common stock issued | 37.4M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 40.6M+744.9% | 4.81M-71.5% | 16.9M | 0.00 | 0.00-100.0% | |
| Dividends paid | 368M+8.9% | 338M+76.6% | 191M+23.4% | 155M+11.6% | 139M+2.0% | |
| FX effect on cash | -1.93M-482.2% | -331K-93.6% | -171K+62.7% | -458K+48.5% | -889K-356.9% | |
| Interest paid | 280M+55.6% | 180M+30.1% | 138M+91.1% | 72.5M+48.6% | 48.8M-34.9% | |
| Valuation Ratios | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Market cap | 3.61B-9.7% | 3.99B+60.5% | 2.49B+17.5% | 2.12B-21.2% | 2.69B+21.4% | |
| P/E | 9.6×-34.3% | 14.6×-3.2% | 15.1×+9.2% | 13.8×+74.7% | 7.9×-80.4% | |
| P/B | 0.9×-9.0% | 1.0×+0.6% | 1.0×+18.8% | 0.8×-20.0% | 1.0×+12.6% | |
| Earnings yield | 10.4%+52.3% | 6.9%+3.3% | 6.6%-8.4% | 7.2%-42.8% | 12.7%+410.9% | |
| Dividend yield | 12.1%-3.6% | 12.5%+31.1% | 9.5%-1.5% | 9.7%+32.0% | 7.3%-29.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GBDC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GBDC filings on SEC EDGAR → Not investment advice.