Goldman Sachs BDC, Inc. (GSBD)
Goldman Sachs BDC, Inc. functions as a business development company (BDC) with a specific focus on extending capital to privately held, middle-market enterprises, including mezzanine-level investments. Its core objective is to generate capital appreciation, primarily achieved by directly originating various debt instruments. These include both secured debt (such as senior, junior, first lien, first lien/last-out unitranche, and second lien facilities) and unsecured debt, notably mezzanine financing. Equity investments are also made, though to a lesser extent. The company primarily directs its investment efforts toward opportunities within the United States. It typically allocates between $10 million and $75 million per investment, targeting companies that demonstrate annual EBITDA figures ranging from $5 million to $75 million.
Industry: Asset Management
Goldman Sachs BDC, Inc.
NYSE:GSBDFinancial Services · Asset Management
-1.03%$8.62
AH Close$8.62+0.00%vs close
AH Close$8.62+0.00%vs close
Mkt Cap$970.35M
Float105.87M
O/S112.57M
Inst Own46.0%
SI6.1%
Div Yield16.01%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$242.45M
Net Income$119.27M
Total Assets$3.38B
Free Cash Flow$325.68M
Debt & Equity
Debt 57%
Equity 43%
Total Debt$1.88B
Total Equity$1.42B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GSBD's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.38B
Liabilities$1.96B
Accounts Receivable$26.93M
Accounts Payable$61.57M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $242.45M | $192.43M | $454.91M | $136.1M | $229.08M | $186.49M | $79.6M | $88.34M | $75.73M | $62.1M | $63.26M | $45.9M | $22.03M | $972K |
| YoY Growth | 26.0% | -57.7% | 234.2% | -40.6% | 22.8% | 134.3% | -9.9% | 16.6% | 22.0% | -1.8% | 37.8% | 108.4% | 2166.2% | - |
| Cost of Revenue | $59.67M | $113.72M | $0 | $79.46M | $58.99M | $39.9M | $36.31M | $26.23M | $19.61M | $14.3M | $10.71M | $4.68M | $368K | $0 |
| Gross Profit | $182.78M | $78.71M | $454.91M | $56.64M | $170.09M | $146.59M | $43.29M | $62.1M | $56.13M | $47.8M | $52.56M | $41.22M | $21.66M | $972K |
| Gross Margin | 75.4% | 40.9% | 100.0% | 41.6% | 74.3% | 78.6% | 54.4% | 70.3% | 74.1% | 77.0% | 83.1% | 89.8% | 98.3% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $7.92M | $10.36M | $91.53M | $8.67M | $7.6M | $6.03M | $5.89M | $6.12M | $5.03M | $6.11M | $5.41M | $4.17M | $2.31M | $2.08M |
| Other | -$63.61M | $0 | $0 | -$11.72M | -$31.58M | -$36.99M | -$394K | $0 | $0 | $0 | $0 | $0 | $299K | $0 |
| Total Operating Expenses | -$55.69M | $10.36M | $91.53M | -$3.06M | -$23.97M | -$30.96M | $5.49M | $6.12M | $5.03M | $6.11M | $5.41M | $4.17M | $2.6M | $4.2M |
| Operating Income (EBIT) | $238.47M | $68.35M | $363.38M | $59.7M | $194.07M | $177.55M | $37.79M | $55.98M | $51.1M | $41.69M | $47.15M | $37.04M | $19.05M | -$1.1M |
| Operating Margin | 98.4% | 35.5% | 79.9% | 43.9% | 84.7% | 95.2% | 47.5% | 63.4% | 67.5% | 67.1% | 74.5% | 80.7% | 86.5% | -113.6% |
| Interest Expense | $111.56M | $113.72M | $111.3M | $79.46M | $58.99M | $39.9M | $36.31M | $26.23M | $19.61M | $14.3M | $10.71M | $4.68M | $368K | $0 |
| Interest Income | $361.23M | $378.11M | $417M | $330.89M | $326.03M | $162.77M | $136.59M | $125.14M | $115.26M | $110.59M | $109.7M | $69.45M | $22.81M | $0 |
| Other Income (Expense) | -$115.1M | $0 | -$162.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.28M |
| Income Before Tax (EBT) | $123.37M | $68.35M | $201.35M | $59.7M | $194.07M | $177.55M | $37.79M | $55.98M | $51.1M | $41.69M | $47.15M | $37.04M | $19.05M | $5.17M |
| Income Tax Expense | $4.11M | $5.48M | $5.48M | $4.69M | $1.64M | $1.43M | $1.65M | $2.3M | $1.55M | $1.04M | $518K | $119K | $1.07M | $2.11M |
| Net Income | $119.27M | $62.87M | $195.87M | $55M | $192.43M | $176.11M | $36.15M | $53.68M | $49.55M | $40.65M | $46.63M | $36.92M | $17.98M | $3.07M |
| Net Income Margin | 49.2% | 32.7% | 43.1% | 40.4% | 84.0% | 94.4% | 45.4% | 60.8% | 65.4% | 65.5% | 73.7% | 80.4% | 81.6% | 315.4% |
| Supplementary Data | ||||||||||||||
| EPS | 1.03 | 0.55 | 1.81 | 0.54 | 1.89 | 3.26 | 0.90 | 1.34 | 1.28 | 1.12 | 1.34 | 1.24 | 0.60 | 1.56 |
| Diluted EPS | 1.03 | 0.55 | 1.81 | 0.54 | 1.89 | 3.26 | 0.90 | 1.34 | 1.28 | 1.12 | 1.34 | 1.24 | 0.60 | 1.56 |
| Weighted Average OS | 115.58M | 114.67M | 108.31M | 102.26M | 101.69M | 53.94M | 40.31M | 40.18M | 38.63M | 36.32M | 34.78M | 29.74M | 29.74M | 1.97M |
| EBITDA | $234.93M | $68.35M | $363.38M | $59.7M | $194.07M | $177.55M | $37.79M | $55.98M | $51.1M | $41.69M | $47.15M | $37.04M | $19.05M | $1.1M |
| EBITDA Margin | 96.9% | 35.5% | 79.9% | 43.9% | 84.7% | 95.2% | 47.5% | 63.4% | 67.5% | 67.1% | 74.5% | 80.7% | 86.5% | 113.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $43.21M | $61.8M | $52.36M | $39.6M | $33.76M | $32.14M | $9.41M | $6.11M | $11.61M | $4.57M | $22.71M | $8.61M | $7.41M | $1.54M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $43.21M | $61.8M | $52.36M | $39.6M | $33.76M | $32.14M | $9.41M | $6.11M | $11.61M | $4.57M | $22.71M | $8.61M | $7.41M | $1.54M |
| Accounts Receivable | $26.93M | $28.09M | $38.53M | $31.78M | $23.28M | $24.19M | $5.79M | $9.57M | $12.01M | $11.98M | $12.74M | $9.01M | $4.42M | $268K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $70.14M | $89.89M | $90.9M | $71.38M | $57.04M | $56.33M | $15.2M | $15.68M | $23.62M | $16.54M | $35.45M | $17.62M | $11.83M | $1.8M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $3.3B | $0 | $0 | $0 | $100K | $19.81M | $1.37B | $1.25B | $1.16B | $1.08B | $44.9M | $907.37M | $493.42M | $49.96M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $15.66M | $3.51B | $3.43B | $3.52B | $3.49B | $3.24B | $88.37M | $131.85M | $112.13M | $90.8M | $1.05B | $42.5M | $124.97M | $0 |
| Total Long-Term Assets | $3.31B | $3.51B | $3.43B | $3.52B | $3.49B | $3.26B | $1.46B | $1.38B | $1.27B | $1.17B | $1.1B | $949.87M | $618.39M | $49.96M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $3.38B | $3.6B | $3.52B | $3.59B | $3.55B | $3.31B | $1.48B | $1.4B | $1.3B | $1.19B | $1.13B | $967.49M | $630.22M | $51.77M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $61.57M | $74.07M | $62.67M | $59.59M | $60.75M | $55.85M | $20.47M | $20.53M | $19.75M | $17.92M | $16.77M | $35.73M | $12.41M | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $618.41M | $509.42M | $431.25M | $387.75M | $0 | $350.73M | $4.99M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $73.59M | $74.07M | $62.67M | $59.59M | $60.75M | $55.85M | $642.33M | $533.97M | $453.66M | $409.11M | $20.51M | $389.47M | $19.66M | $66K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $1.88B | $1.93B | $1.83B | $2.01B | $1.86B | $1.63B | $151.32M | $149.68M | $111.28M | $110.4M | $419M | $350M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $8.65M | $27.24M | $31.53M | $16.66M | $14.41M | $14.31M | $5.5M | $3.43M | $7.83M | $5.89M | $4.6M | -$346.56M | $2.78M | $280K |
| Total Long-Term Liabilities | $1.89B | $1.96B | $1.86B | $2.03B | $1.88B | $1.64B | $156.82M | $153.12M | $119.1M | $116.29M | $423.6M | $3.44M | $2.78M | $280K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.96B | $2.03B | $1.92B | $2.09B | $1.94B | $1.7B | $799.15M | $687.08M | $572.76M | $525.4M | $444.11M | $392.91M | $22.44M | $346K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $113K | $117K | $110K | $103K | $102K | $102K | $40K | $40K | $40K | $36K | $36K | $29K | $30K | $0 |
| Retained Earnings | -$456.69M | -$373.67M | -$224.58M | -$206.2M | -$55.02M | -$5.35M | -$100.63M | -$90.94M | -$72.72M | $25.62M | $14.35M | $4.06M | $10K | -$184K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$1.42M | -$1.42M | -$1.42M | $24.2M | -$29.66M | -$11.91M | -$1.41M | $863K |
| Other Stockholders' Equity | $1.88B | $1.95B | $1.83B | $1.71B | $1.67B | $1.62B | $776.71M | $800.79M | $798.51M | $639.48M | $674.26M | $570.5M | $607.75M | $51.61M |
| Total Equity | $1.42B | $1.57B | $1.6B | $1.5B | $1.61B | $1.62B | $676.13M | $709.89M | $725.83M | $665.14M | $688.65M | $574.58M | $607.78M | $51.42M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $3.38B | $3.6B | $3.52B | $3.59B | $3.55B | $3.31B | $1.48B | $1.4B | $1.3B | $1.19B | $1.13B | $967.49M | $630.22M | $51.77M |
| Supplementary Data | ||||||||||||||
| Total Debt | $1.88B | $1.93B | $1.83B | $2.01B | $1.86B | $1.63B | $769.73M | $659.1M | $542.53M | $498.15M | $419M | $700.73M | $4.99M | $0 |
| Net Debt | $1.83B | $1.87B | $1.77B | $1.97B | $1.83B | $1.59B | $760.32M | $652.99M | $530.92M | $493.59M | $396.29M | $692.12M | -$2.42M | -$1.54M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $119.27M | $62.87M | $195.87M | $55M | $192.43M | $176.11M | $36.15M | $53.68M | $49.55M | $40.65M | $46.63M | $36.92M | $17.98M | $3.07M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.1M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $1.17M | $10.44M | -$6.75M | -$8.5M | $826K | -$4.11M | $3.77M | $2.44M | -$32K | $765K | -$3.73M | -$4.59M | -$3.94M | -$1.61M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.36M | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | -$45K | $661K | $179K | $1.13M | -$86K | $110K | $329K | $0 |
| Other Working Capital | -$6.68M | $5.32M | $13.21M | $1.86M | $5M | -$8.04M | $554K | -$2.91M | $1.47M | $783K | -$17.72M | $16.6M | $8.75M | $0 |
| Total Working Capital Change | -$5.51M | $15.76M | $6.46M | -$6.64M | $5.83M | -$12.15M | $4.28M | $195K | $1.61M | $2.68M | -$21.54M | $12.12M | $5.14M | -$1.61M |
| Other Non-Cash Items | $211.93M | -$76.17M | $98.36M | -$20.93M | -$228.11M | $1.82M | -$75.7M | -$103.11M | -$100.46M | -$74.68M | -$146.5M | -$328.57M | -$562.61M | -$296.71M |
| Net Cash from Operating | $325.68M | $2.46M | $300.69M | $27.44M | -$29.86M | $165.78M | -$35.27M | -$49.24M | -$49.3M | -$31.35M | -$121.41M | -$279.52M | -$539.49M | -$294.14M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | $48.88M | -$103.61M | $189.16M | -$147.68M | -$229.34M | -$27.27M | -$108.99M | -$118.17M | -$43.5M | -$83.75M | -$69M | -$350M | - | - |
| Common Stock Issuance | $0 | $109.93M | $98.08M | $14.01M | $0 | $0 | $0 | $0 | $81.57M | $0 | $135.11M | $0 | $505.43M | $0 |
| Common Stock Repurchases | -$52.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$732K | -$24.41M | $0 | $0 |
| Dividends Paid | -$233.52M | -$197.7M | -$190.96M | -$180M | -$193.04M | -$145.6M | -$69.85M | -$70.37M | -$67.43M | -$64.87M | -$63.57M | -$41.54M | -$8.25M | $0 |
| Other Financing Activities | -$9.88M | -$8.69M | -$5.96M | -$3.44M | -$4.61M | -$24.78M | -$579K | -$4.05M | -$1.3M | -$5.67M | -$4.3M | -$3.33M | $48.19M | $303.36M |
| Net Cash from Financing | -$344.45M | $7.15M | -$287.99M | -$21.75M | $31.69M | -$143.11M | $38.56M | $43.75M | $56.34M | $13.21M | $135.51M | $280.72M | $545.36M | $303.36M |
| Forex Effect | $186K | -$171K | $62K | $147K | -$211K | $55K | $10K | $1K | $105.2B | $114.81B | $189.65M | $0 | $0 | $0 |
| Net Change in Cash | -$18.58M | $9.43M | $12.76M | $5.84M | $1.63M | $22.73M | $3.3M | -$5.49M | $7.04M | -$18.14M | $14.1M | $1.2M | $5.87M | $9.22M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $325.68M | $2.46M | $300.69M | $27.44M | -$29.86M | $165.78M | -$35.27M | -$49.24M | -$49.3M | -$31.35M | -$121.41M | -$279.52M | -$539.49M | -$294.14M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $325.68M | $2.46M | $300.69M | $27.44M | -$29.86M | $165.78M | -$35.27M | -$49.24M | -$49.3M | -$31.35M | -$121.41M | -$279.52M | -$539.49M | -$294.14M |
| Cash at Beginning | $61.8M | $52.36M | $39.6M | $33.76M | $32.14M | $9.41M | $6.11M | $11.61M | $4.57M | $22.71M | $8.61M | $7.41M | $1.54M | $0 |
| Cash at End | $43.21M | $61.8M | $52.36M | $39.6M | $33.76M | $32.14M | $9.41M | $6.11M | $11.61M | $4.57M | $22.71M | $8.61M | $7.41M | $9.22M |