Golub Capital BDC, Inc. (GBDC) — Financial statements
Income statement, balance sheet, and cash flow for Golub Capital BDC, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 871↑42.5% | 611↑6.7% | 573↑65.3% | 346↓16.6% | 415 | |
| Cost of Revenue | 161↑43.5% | 112↓22.4% | 145↑59.7% | 91↑38.0% | 66 | |
| Gross Profit | 710↑42.3% | 499↑16.6% | 428↑67.3% | 256↓26.9% | 349 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 22↑36.1% | 16↑887.1% | 2↓85.5% | 11↓9.7% | 13 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 22↑36.1% | 16↑887.1% | 2↓85.5% | 11↓9.7% | 13 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00↑100.0% | -4 | |
| Operating Expenses | 22↑36.1% | 16↑887.1% | 2↓85.5% | 11↑32.1% | 9 | |
| Total Costs & Expenses | 183↑42.5% | 129↓12.2% | 147↑43.5% | 102↑37.3% | 74 | |
| Operating Results | ||||||
| Operating Income | 687↑42.5% | 482↑13.2% | 426↑74.5% | 244↓28.4% | 341 | |
| Depreciation & Amortization | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| EBITDA | 687↑43.8% | 478↑12.2% | 426↑74.5% | 244↓28.4% | 341 | |
| EBIT | 687↑43.8% | 478↑12.2% | 426↑74.5% | 244↓28.4% | 341 | |
| Interest & Other Income | ||||||
| Net Interest Income | 553↑11.1% | 497↑12.7% | 441↑50.4% | 293↑25.1% | 235 | |
| Interest Income | 833↑19.0% | 700↑19.8% | 585↑52.7% | 383↑27.4% | 300 | |
| Interest Expense | 281↑38.1% | 203↑41.8% | 143↑60.3% | 89↑36.0% | 66 | |
| Non-Operating Income | 0.00↓100.0% | 4 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -312↓49.9% | -208↓38.1% | -151↓70.1% | -89 | 0.00 | |
| Income Before Tax | 376↑36.9% | 274↓0.4% | 275↑76.9% | 156↓54.3% | 341 | |
| Income Tax Expense | -0.48↓182.6% | 0.58↓82.9% | 3↑4581.9% | 0.07↓86.7% | 0.54 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 376↑37.4% | 274↑0.6% | 272↑74.9% | 156↓54.3% | 340 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 376↑37.4% | 274↑0.6% | 272↑74.9% | 156↓54.3% | 340 | |
| Bottom-Line Net Income | 376↑37.4% | 274↑5.9% | 259↑68.6% | 153↓54.9% | 340 | |
| EPS (Basic) | 1.42↑4.4% | 1.36↓10.5% | 1.52↑68.9% | 0.90↓55.7% | 2.03 | |
| EPS (Diluted) | 1.42↑4.4% | 1.36↓10.5% | 1.52↑68.9% | 0.90↓55.7% | 2.03 | |
| Weighted Average Shares | 266↑32.2% | 201↑18.2% | 170↓0.2% | 171↑1.6% | 168 | |
| Weighted Average Diluted Shares | 266↑32.2% | 201↑18.2% | 170↓0.2% | 171↑1.6% | 168 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.