analyzeportfolio
Nasdaq · Financials

GOLUB CAPITAL BDC, Inc. (GBDC)

As-reported financials and SEC filings for GOLUB CAPITAL BDC, Inc. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About GOLUB CAPITAL BDC, Inc.

Golub Capital BDC, Inc. is a closed-end management investment company that primarily invests in senior secured and one stop loans to U.S. middle-market companies, often sponsored by private equity firms. The company focuses on loans that are secured by collateral and typically serves businesses with earnings before interest, taxes, depreciation, and amortization of less than $100 million annually. Its investment adviser, GC Advisors, manages sourcing, research, structuring, and monitoring of these investments.

Snapshot

Revenue
Revenue growth (YoY)
Net income
$376.6M
Diluted EPS
$1.42
Gross margin
Operating margin
Net margin
FCF margin
ROE
9.5%
net income / fiscal-year-end equity
P/E
19.7×
trailing when available, otherwise FY EPS
Market cap
$3.38B
Long-term debt / equity
1.23×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at GOLUB CAPITAL BDC

  • Net income rose 37.6% to $377M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where GOLUB CAPITAL BDC’s fundamentals sit among the 51 business development companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

ROE9.5%
77th percentile of 48
P/E19.7×
73rd percentile of 38
Long-term debt / equity1.23×
44th percentile of 33
Short interest9.11d
92nd percentile of 49

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $43.8M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among business development company peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$17.2M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$8.8M684.4KReduced
Two Sigma InvestmentsquantQ2 2026$4.4M344.7KAdded
Citadel AdvisorsquantQ2 2026$3.4M264.2KAdded
AQR Capital ManagementquantQ2 2026$311,80524.2KReduced
Millennium ManagementquantQ2 2026$219,78417.1KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$43.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-07
filed 2026-08-11
Golub DavidChairman & CEOSell1.7M$13.06$21.9M
2026-08-07
filed 2026-08-11
Golub Lawrence EDirectorSell1.7M$13.06$21.9M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
12.5M
settled 2026-08-14
Change vs prior
-1.1%
vs previous settlement
Days to cover
9.11
at avg daily volume
Avg daily volume
1.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1412.5M-1.1%9.11
2026-07-3112.6M-2.8%15.49
2026-07-1513.0M-3.1%12.58

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue
Gross profit
Operating income
Net income$376.6M$273.8M$258.6M$153.4M$340.3M
Diluted EPS$1.42$1.36$1.52$0.90$2.03

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$11.9M$123.1M$65.6M$117.3M$175.6M
Current assets
Total assets$8.98B$8.70B$5.73B$5.68B$5.16B
Current liabilities
Long-term debt$4.90B$4.60B$3.12B$3.08B$2.55B
Total liabilities$5.00B$4.69B$3.19B$3.14B$2.58B
Total equity$3.98B$4.01B$2.55B$2.54B$2.58B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-113.6M$343.9M$195.4M$-416.5M$-306.0M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$57.0M$0.22
Q2 FY2026$-46.8M$-0.18
Q1 FY2026$65.2M$0.25
Q4 FY2025$96.3M$0.36
Q3 FY2025$90.1M$0.34
Q2 FY2025$79.0M$0.30
Q1 FY2025$111.3M$0.42
Q4 FY2024$95.2M$0.36

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorFinancials
Latest annual periodFY2025 (ended September 30, 2025)
Latest reported quarterQ3 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK1476765

Selected SEC filings

10-K2025-11-18
View on EDGAR →
10-Q2026-08-03
View on EDGAR →
10-Q2026-05-04
View on EDGAR →
10-Q2026-02-04
View on EDGAR →
10-Q2025-08-04
View on EDGAR →
8-K2026-08-11
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-08-03
View on EDGAR →

Largest Financials peers

All Financials companies →

Monitor GBDC

Get an alert when GOLUB CAPITAL BDC files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor GBDC free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.