Golub Capital BDC, Inc.

Golub Capital BDC, Inc.

GBDCยทNASDAQ

$12.90

+0.72%
Financial ServicesAsset Management

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

At a Glance

Live Snapshot
Market Cap$3.36B
EPS1.4200
P/E Ratio9.08
Earnings Date08/03/2026
3Y-73.0%
5Y-161.0%
10Y+103.0%
3Y-
5Y-
10Y-100.0%
3Y-137.0%
5Y+50.0%
10Y-373.0%
GBDC

Golub Capital BDC, Inc. Cash Conversion Engine

GBDC ยท NASDAQ
Net Income376.65M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-4.90M
Others-485.34M
Capital Expenditures0.00
Free Cash Flow-113.59M

Cash Flow Quality Analysis

FCF Conversion Rate

-30.2%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

FCF Growth Trend

-133.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$4.90M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Golub Capital BDC, Inc. Cash Flow Statement

GBDC โ€ข NASDAQ

Golub Capital BDC, Inc. Cash Flow StatementSep 2025Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009Sep 2008Sep 2007
OPERATING ACTIVITIES
376.6M
273.8M
258.6M
153.4M
340.3M
54.9M
-18.6M
82M
82.3M
69.2M
70.8M
65.4M
46.5M
31.8M
21.3M
26.2M
20M
-3.4M
59K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-5.8M
-3.6M
-4.2M
0.0
0.0
0.0
0.0
-485.3M
54M
-31.1M
-603M
-644M
160.2M
-109.5M
-94.6M
-21.1M
-126.6M
-177.7M
-319.8M
-344M
-210M
-107.9M
31.6M
-240.4M
66.2M
-201.1M
-4.9M
16.1M
-32.2M
33.1M
-2.3M
-27.4M
9.6M
4.1M
1M
1.4M
3.6M
-1.2M
5.7M
23.6M
-27.3M
8.1M
-1M
1.4M
-786K
-113.6M
343.9M
195.4M
-416.5M
-306M
187.7M
-118.5M
-8.5M
62.2M
-56.1M
-103.3M
-255.6M
-297.6M
-158.3M
-118.1M
65.9M
-221.4M
64.2M
-201.8M
INVESTING ACTIVITIES
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
13.4M
-17.2M
-36.4M
-1.4M
-13.6M
8.4M
-1.2M
-26.4M
-223K
-4M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(13.4M)
-17.2M
-36.4M
-1.4M
-13.6M
(8.4M)
-1.2M
-26.4M
-223K
-4M
FINANCING ACTIVITIES
-40.4M
-4.8M
-63.8M
-36.4M
-14.7M
254.9M
0.0
0.0
74M
58.6M
67.6M
64.2M
280.9M
57.2M
59.4M
117.6M
-3.4M
-13.5M
33.3M
287.7M
237.7M
25.5M
551.5M
542.8M
-201.8M
236.6M
64.7M
-84.1M
51.6M
116.1M
276.5M
68.5M
114.6M
63.7M
-141.3M
192.2M
-50.5M
173.5M
-368.2M
-338.2M
-191.5M
-155.2M
-139.1M
-136.4M
-75.3M
-71.1M
-76.8M
-59.5M
-60M
-55M
-43.3M
-29.6M
-23.9M
-9.7M
(0.0)
(0.0)
(0.0)
-77.8M
-4.8M
-63.8M
-36.4M
-14.7M
-45.5M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1.4M
-3.4M
-44.5M
(0.0)
-10.6M
-19M
-5.8M
-6.7M
-22.2M
-4.5M
-4.1M
-2M
-2.3M
-2.5M
-2.8M
-4.9M
-4.6M
-2.7M
-4.3M
29.9M
58.9M
0.0
-985K
-131.6M
-124.2M
-235.5M
353.1M
366.9M
-87.8M
157.2M
-8.3M
-89.2M
48.1M
120.8M
280.8M
301.4M
139.4M
94.9M
-3.5M
247.8M
-63.9M
205.8M
CASH FLOW SUMMARY
-1.9M
-331K
-171K
-458K
-889K
346K
-195K
-70K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-247.1M
219.3M
-40.3M
-63.8M
59.9M
100.2M
38.5M
-16.9M
-27M
-7.9M
92.3M
-11.2M
2.4M
-32.5M
-14.9M
61.2M
0.0
0.0
0.0
359.6M
140.2M
180.6M
244.3M
184.4M
84.2M
45.7M
62.6M
89.5M
97.5M
5.1M
16.3M
13.9M
46.4M
61.2M
0.0
0.0
0.0
0.0
112.4M
359.6M
140.2M
180.6M
244.3M
184.4M
84.2M
45.7M
62.6M
89.5M
97.5M
5.1M
16.3M
13.9M
46.4M
61.2M
0.0
4.3M
0.0
-113.6M
343.9M
195.4M
-416.5M
-306M
187.7M
-118.5M
-8.5M
62.2M
-56.1M
-103.3M
-255.6M
-297.6M
-158.3M
-118.1M
65.9M
-221.4M
64.2M
-201.8M

SEC Filings

GBDC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 27, 2026
May 27, 2026
2026
8-K

8-K 2026

N/A

May 20, 2026
May 19, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 04, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 06, 2026
April 06, 2026
2026
8-K

8-K 2026

N/A

February 05, 2026
February 02, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 04, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
Showing 1 to 10 of 465 filings