Goldman Sachs BDC (GSBD) Financials

$8.78 +0.03 (+0.29%)

Closing price 05/19/2026 03:59 PM Eastern

Extended Trading

$8.78 +0.01 (+0.11%)

As of 05/19/2026 06:23 PM Eastern

Annual Income Statements for Goldman Sachs BDC

This table shows Goldman Sachs BDC's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	176	273	46	-201	-171	-175
Consolidated Net Income / (Loss)	176	192	55	-201	-171	-175
Net Income / (Loss) Continuing Operations	176	273	46	-201	-171	-175
Total Pre-Tax Income	178	274	51	-452	-171	-175
Total Operating Income	26	57	48	-406	-177	-180
Total Gross Profit	124	237	229	-201	0.00	0.00
Total Revenue	124	237	229	1.99	0.00	0.00
Total Cost of Revenue	0.00	0.00	0.00	203	0.00	0.00
Total Operating Expenses	99	180	181	205	177	180
Selling, General & Admin Expense	5.39	6.67	7.84	7.81	9.53	7.92
Other Operating Expenses / (Income)	93	173	173	197	167	172
Total Other Income / (Expense), net	152	217	3.00	-47	5.83	5.12
Interest & Investment Income	155	303	185	-50	1.97	0.79
Other Income / (Expense), net	-3.11	-87	-182	3.14	3.86	4.34
Basic Earnings per Share	$3.26	$1.89	$0.54	$1.81	$0.55	$1.03
Weighted Average Basic Shares Outstanding	53.94M	101.69M	102.26M	108.31M	114.67M	115.58M
Diluted Earnings per Share	$3.26	$1.89	$0.54	$1.81	$0.55	$1.03
Weighted Average Diluted Shares Outstanding	53.94M	101.69M	102.96M	109.68M	117.30M	112.57M
Weighted Average Basic & Diluted Shares Outstanding	53.94M	101.69M	102.96M	109.68M	117.30M	112.57M
Cash Dividends to Common per Share	$1.80	$1.95	$1.80	$1.80	$1.80	$1.88

This table shows Goldman Sachs BDC's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	83	-38	63	-40	64	-29	-45	49	34	-282	-52
Consolidated Net Income / (Loss)	52	51	42	-54	37	38	-45	39	25	-270	-52
Net Income / (Loss) Continuing Operations	83	-38	63	-40	64	-29	-45	49	34	-282	-52
Total Pre-Tax Income	85	-288	64	-39	66	-28	-45	4.56	35	-240	-52
Total Operating Income	16	-427	0.14	-40	16	55	-46	-165	-10	2.55	-53
Total Gross Profit	73	-409	61	0.00	68	124	0.00	-119	45	24	0.00
Total Revenue	73	-206	61	0.00	68	124	0.00	-74	45	-21	0.00
Total Cost of Revenue	0.00	203	0.00	0.00	0.00	-	0.00	46	0.00	-46	0.00
Total Operating Expenses	57	19	61	40	52	69	46	46	56	22	53
Selling, General & Admin Expense	2.12	1.84	2.17	2.24	2.38	2.74	2.01	2.05	1.86	1.99	2.13
Other Operating Expenses / (Income)	55	17	59	38	50	66	44	44	54	20	51
Total Other Income / (Expense), net	69	139	64	1.57	50	-83	1.19	169	45	-243	1.13
Interest & Investment Income	99	67	94	0.77	80	72	0.17	168	71	-318	0.13
Other Income / (Expense), net	-31	73	-30	0.80	-30	-155	1.02	1.14	-26	75	1.00
Basic Earnings per Share	$0.47	$0.47	$0.39	($0.47)	$0.32	$0.31	$0.27	$0.34	$0.22	$0.20	($0.12)
Weighted Average Basic Shares Outstanding	109.54M	108.31M	110.08M	114.36M	116.94M	114.67M	117.30M	117.20M	114.40M	115.58M	112.57M
Diluted Earnings per Share	$0.47	$2.75	$0.39	($0.47)	$0.32	$0.31	$0.27	$0.72	$0.22	($0.18)	($0.12)
Weighted Average Diluted Shares Outstanding	109.56M	109.68M	112.22M	116.88M	117.30M	117.30M	117.30M	114.11M	114.11M	112.57M	112.57M
Weighted Average Basic & Diluted Shares Outstanding	109.56M	109.68M	112.22M	116.88M	117.30M	117.30M	117.30M	114.11M	114.11M	112.57M	112.57M
Cash Dividends to Common per Share	$0.45	-	$0.45	$0.45	$0.45	-	$0.48	$0.53	$0.51	-	$0.35

This table details how cash moves in and out of Goldman Sachs BDC's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	23	1.84	5.69	13	9.60	-19
Net Cash From Operating Activities	166	-30	27	301	2.46	326
Net Cash From Continuing Operating Activities	166	-30	27	301	2.46	326
Net Income / (Loss) Continuing Operations	176	192	55	196	63	119
Consolidated Net Income / (Loss)	176	192	55	196	63	119
Amortization Expense	-17	-80	-33	-30	-17	-13
Non-Cash Adjustments To Reconcile Net Income	18	-139	2.74	121	-41	230
Changes in Operating Assets and Liabilities, net	-11	-2.74	2.91	13	-2.34	-10
Net Cash From Investing Activities	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash From Continuing Investing Activities	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash From Financing Activities	-143	32	-22	-288	7.15	-344
Net Cash From Continuing Financing Activities	-143	32	-22	-288	7.15	-344
Repayment of Debt	-1,287	-903	-701	-573	-1,004	-1,651
Repurchase of Common Equity	-	0.00	-0.56	-0.68	-0.52	-52
Payment of Dividends	-146	-193	-180	-191	-198	-234
Issuance of Debt	1,289	1,128	846	379	1,099	1,592
Issuance of Common Equity	0.00	0.00	14	98	110	0.00
Cash Interest Paid	27	42	72	103	94	96

This table details how cash moves in and out of Goldman Sachs BDC's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	34	-24	0.03	9.28	-8.69	8.99	21	25	7.17	-72	-1.24
Net Cash From Operating Activities	160	83	7.04	-122	104	13	134	174	47	-30	10
Net Cash From Continuing Operating Activities	160	83	7.04	-122	104	13	134	174	47	-30	10
Net Income / (Loss) Continuing Operations	52	51	42	-54	37	38	32	39	25	24	-14
Consolidated Net Income / (Loss)	52	51	42	-54	37	38	32	39	25	24	-14
Amortization Expense	-14	-7.04	-4.40	-4.72	-4.45	-3.44	-2.91	-4.06	-4.04	-2.42	-0.96
Non-Cash Adjustments To Reconcile Net Income	121	33	-26	-53	71	-34	110	139	28	-46	53
Changes in Operating Assets and Liabilities, net	1.02	6.53	-5.43	-9.71	0.16	13	-4.50	0.54	-1.57	-4.71	-28
Net Cash From Investing Activities	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Net Cash From Continuing Investing Activities	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Net Cash From Financing Activities	-125	-107	-7.01	131	-113	-4.14	-113	-149	-40	-42	-12
Net Cash From Continuing Financing Activities	-125	-107	-7.01	131	-113	-4.14	-113	-149	-40	-42	-12
Repayment of Debt	-183	-157	-498	-198	-140	-168	-529	-305	-623	-194	-959
Repurchase of Common Equity	-0.03	-0.45	-0.19	-0.15	-0.09	-0.08	-0.23	-11	-26	-15	0.00
Payment of Dividends	-48	-49	-48	-49	-51	-51	-53	-62	-59	-59	-39
Issuance of Debt	105	99	503	308	74	214	469	228	669	226	987
Issuance of Common Equity	-	-	37	69	3.99	-	0.00	-	-	-	0.00
Cash Interest Paid	33	18	31	12	39	11	41	14	34	7.74	44

This table presents Goldman Sachs BDC's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	7,002	3,591	3,523	3,603	3,383
Total Current Assets	0.00	3,555	52	3,601	3,391
Cash & Equivalents	-	40	52	62	43
Short-Term Investments	-	3,515	-	3,488	3,276
Other Current Assets	-	-	-	50	71
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	7,002	14	56	13	16
Other Noncurrent Operating Assets	7,002	14	56	13	16
Total Liabilities & Shareholders' Equity	-3,891	3,591	3,523	3,603	3,383
Total Liabilities	-3,904	2,089	1,921	2,031	1,960
Total Current Liabilities	0.00	62	9.05	74	53
Accounts Payable	-	7.12	9.05	12	8.65
Other Current Liabilities	0.00	55	-	62	44
Total Noncurrent Liabilities	-3,904	2,013	1,912	1,926	1,875
Long-Term Debt	-	2,013	1,827	1,926	1,875
Commitments & Contingencies	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13	1,502	1,602	1,573	1,423
Total Preferred & Common Equity	13	1,502	1,602	1,573	1,423
Preferred Stock	-	0.00	0.00	0.00	0.00
Total Common Equity	13	1,504	1,602	1,573	1,423
Common Stock	-	1,710	1,826	1,946	1,880
Retained Earnings	-	-206	-225	-374	-457

This table presents Goldman Sachs BDC's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,709	3,606	3,637	3,558	3,547	3,629	3,545	3,504	3,410	3,385	3,343
Total Current Assets	33	47	42	3,524	52	3,580	3,510	3,481	3,386	3,392	3,290
Cash & Equivalents	33	47	42	77	52	62	53	83	108	115	42
Short-Term Investments	-	-	-	3,448	-	3,519	3,455	3,398	3,278	3,211	3,243
Other Current Assets	-	-	-	-	-	-	1.53	0.03	0.13	65	4.95
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	3,664	3,558	3,595	12	55	28	16	13	17	15	44
Other Noncurrent Operating Assets	46	43	45	12	55	28	16	13	17	15	44
Total Liabilities & Shareholders' Equity	3,709	3,606	3,637	3,558	3,547	3,629	3,545	3,504	3,410	3,385	3,343
Total Liabilities	2,166	2,025	2,041	1,958	1,916	2,033	1,959	1,956	1,897	1,930	1,973
Total Current Liabilities	62	63	5.83	67	5.39	68	70	72	72	71	50
Accounts Payable	6.26	4.80	5.83	8.49	5.39	6.13	8.15	7.47	7.78	7.60	6.10
Other Current Liabilities	55	58	-	58	-	61	62	65	64	63	44
Total Noncurrent Liabilities	2,097	1,956	2,035	1,878	1,910	1,944	1,878	1,868	1,797	1,841	1,898
Long-Term Debt	2,097	1,935	1,955	1,878	1,831	1,944	1,878	1,868	1,797	1,841	1,898
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,544	1,580	1,597	1,601	1,632	1,596	1,586	1,548	1,513	1,455	1,370
Total Preferred & Common Equity	1,544	1,580	1,597	1,601	1,632	1,596	1,586	1,548	1,513	1,455	1,370
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,545	1,582	1,597	1,602	1,632	1,596	1,586	1,548	1,513	1,455	1,370
Common Stock	1,687	1,809	1,809	1,811	1,866	1,935	1,941	1,946	1,934	1,909	1,880
Retained Earnings	-142	-227	-211	-209	-233	-339	-355	-398	-421	-454	-510

This table displays calculated financial ratios and metrics derived from Goldman Sachs BDC's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	90.86%	-3.71%	-108.92%	1,339.22%	0.00%
EBITDA Growth	0.00%	-2,049.55%	-52.25%	-174.79%	56.92%	0.31%
EBIT Growth	0.00%	-229.44%	-356.34%	-220.90%	57.91%	-1.72%
NOPAT Growth	0.00%	123.12%	-23.56%	-787.77%	109.35%	-1.96%
Net Income Growth	0.00%	9.26%	-71.42%	256.12%	-67.90%	-2.44%
EPS Growth	0.00%	-42.02%	-71.43%	657.41%	-86.55%	87.27%
Operating Cash Flow Growth	0.00%	-118.01%	191.90%	995.86%	-99.18%	13,155.27%
Free Cash Flow Firm Growth	0.00%	0.00%	201.38%	-102.82%	108.17%	-12.57%
Invested Capital Growth	0.00%	0.00%	-100.45%	21.90%	6.98%	435.36%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-104.87%	668.51%	-100.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-6,313.22%	53.27%	48.16%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-2,001.25%	55.10%	49.86%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-1,448.00%	109.54%	50.70%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	31.47%	-17.14%	-231.38%
EPS Q/Q Growth	0.00%	0.00%	0.00%	196.38%	-81.61%	-32.24%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	106.28%	-15.31%	-96.59%	-11.66%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	111.57%	46.17%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-271.90%	32.03%	278.69%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	0.00%	100.00%	0.00%
EBITDA Margin	4.52%	-46.20%	-73.05%	0.00%	-78.26%	0.00%
Operating Margin	20.71%	24.12%	20.89%	0.00%	12.05%	0.00%
EBIT Margin	18.21%	-12.35%	-58.52%	0.00%	-71.53%	0.00%
Profit (Net Income) Margin	141.60%	81.06%	24.06%	0.00%	24.89%	0.00%
Tax Burden Percent	99.02%	70.21%	108.38%	-315.75%	94.96%	100.00%
Interest Burden Percent	785.46%	-935.09%	-37.94%	14.45%	-36.65%	99.55%
Effective Tax Rate	0.81%	0.47%	8.77%	0.00%	8.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	1.05%	0.80%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	3.53%	1.05%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	2,854.80%	6.45%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	2,855.85%	7.26%	12.62%	3.96%	-11.67%
Cash Return on Invested Capital (CROIC)	0.00%	-198.95%	0.00%	0.00%	0.00%	-497.54%
Operating Return on Assets (OROA)	0.00%	-0.42%	-2.53%	0.00%	-5.07%	0.00%
Return on Assets (ROA)	0.00%	2.75%	1.04%	0.00%	1.76%	0.00%
Return on Common Equity (ROCE)	0.00%	2,855.85%	7.26%	12.63%	3.96%	-11.67%
Return on Equity Simple (ROE_SIMPLE)	0.00%	1,427.92%	3.66%	12.23%	4.00%	0.00%
Net Operating Profit after Tax (NOPAT)	26	57	44	-300	28	-126
NOPAT Margin	20.54%	24.01%	19.06%	0.00%	11.09%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.00%	-2.49%	-0.24%	31.06%	2.15%	-3.29%
Return On Investment Capital (ROIC_SIMPLE)	-	422.91%	1.24%	-8.74%	0.80%	-3.82%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	4.33%	2.81%	3.43%	0.00%	3.77%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.30%	75.88%	79.11%	0.00%	87.95%	0.00%
Earnings before Interest and Taxes (EBIT)	23	-29	-134	-429	-181	-176
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.63	-110	-167	-459	-198	-189
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.71	0.88	0.90	0.74
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.71	0.88	0.90	0.74
Price to Revenue (P/Rev)	0.00	0.00	4.65	0.00	5.62	0.00
Price to Earnings (P/E)	0.00	0.00	22.95	7.66	23.30	0.00
Dividend Yield	14.40%	15.06%	17.41%	17.43%	14.88%	20.26%
Earnings Yield	0.00%	0.00%	4.36%	13.05%	4.29%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	10.60	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	1.34	1.14	1.22	1.32
Long-Term Debt to Equity	0.00	0.00	1.34	1.14	1.22	1.32
Financial Leverage	0.00	808.29	6.16	-1.03	-1.02	-0.99
Leverage Ratio	0.00	519.59	6.99	2.29	2.24	2.33
Compound Leverage Factor	0.00	-4,858.61	-2.65	0.33	-0.82	2.32
Debt to Total Capital	0.00%	0.00%	57.26%	53.28%	55.05%	56.85%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	57.26%	53.28%	55.05%	56.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	42.78%	46.72%	44.95%	43.15%
Debt to EBITDA	0.00	0.00	-12.05	-3.98	-9.75	-9.91
Net Debt to EBITDA	0.00	0.00	9.24	-3.87	8.22	7.64
Long-Term Debt to EBITDA	0.00	0.00	-12.05	-3.98	-9.75	-9.91
Debt to NOPAT	0.00	0.00	46.20	-6.10	68.80	-14.88
Net Debt to NOPAT	0.00	0.00	-35.40	-5.92	-57.99	11.47
Long-Term Debt to NOPAT	0.00	0.00	46.20	-6.10	68.80	-14.88
Altman Z-Score	0.00	0.00	1.33	-0.04	1.35	1.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	-0.09%	-0.05%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	0.00	56.91	5.78	48.54	64.16
Quick Ratio	0.00	0.00	56.91	5.78	48.20	62.80
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-10,849	10,998	-310	25	-170
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.03	0.04	0.00	0.07	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	25.09	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	14.55	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	10,906	-49	-38	-35	34
Invested Capital Turnover	0.00	0.04	0.04	0.00	-6.87	0.00
Increase / (Decrease) in Invested Capital	0.00	10,906	-10,955	11	2.66	44
Enterprise Value (EV)	0.00	0.00	-480	3,188	-204	-386
Market Capitalization	0.00	0.00	1,063	1,414	1,419	1,059
Book Value per Share	$0.00	$0.13	$14.63	$14.62	$13.41	$12.47
Tangible Book Value per Share	$0.00	$0.13	$14.63	$14.62	$13.41	$12.47
Total Capital	0.00	13	3,515	3,429	3,499	3,298
Total Debt	0.00	0.00	2,013	1,827	1,926	1,875
Total Long-Term Debt	0.00	0.00	2,013	1,827	1,926	1,875
Net Debt	0.00	0.00	-1,542	1,774	-1,624	-1,445
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	-62	-9.05	-48	19
Debt-free Net Working Capital (DFNWC)	0.00	0.00	3,492	43	3,502	3,338
Net Working Capital (NWC)	0.00	0.00	3,492	43	3,502	3,338
Net Nonoperating Expense (NNE)	-151	-135	-11	-495	-35	49
Net Nonoperating Obligations (NNO)	0.00	10,893	-1,551	-1,640	-1,608	-1,389
Total Depreciation and Amortization (D&A)	-17	-80	-33	-30	-17	-13
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	-27.33%	0.00%	-19.17%	0.00%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	1,527.96%	0.00%	1,386.57%	0.00%
Net Working Capital to Revenue	0.00%	0.00%	1,527.96%	0.00%	1,386.57%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.54	$1.81	$0.55	$1.03
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	102.26M	108.31M	114.67M	115.58M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.54	$4.09	$0.55	$1.03
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	102.96M	109.68M	117.30M	112.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$2.24	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	102.96M	109.68M	117.30M	112.57M
Normalized Net Operating Profit after Tax (NOPAT)	26	57	44	-300	28	-126
Normalized NOPAT Margin	20.54%	24.01%	19.06%	0.00%	11.09%	0.00%
Pre Tax Income Margin	143.00%	115.46%	22.20%	0.00%	26.21%	0.00%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	82.68%	100.32%	327.26%	97.49%	314.48%	-133.55%
Augmented Payout Ratio	82.68%	100.32%	328.27%	97.84%	315.30%	-163.52%

This table displays calculated financial ratios and metrics derived from Goldman Sachs BDC's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	112,569,067.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	112,569,067.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.46
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-259.78%	26.83%	-100.00%	-6.53%	160.01%	-18.48%	0.00%	-33.55%	83.55%	0.00%
EBITDA Growth	-29.74%	-1,002.54%	49.12%	-2,343.05%	44.88%	71.23%	-63.59%	-278.57%	-115.33%	182.01%	-10.63%
EBIT Growth	-30.29%	-850.62%	52.60%	-1,420.07%	23.97%	71.63%	-77.92%	-313.43%	-153.69%	187.92%	-15.66%
NOPAT Growth	305.82%	-1,004.14%	100.61%	-525.08%	-1.34%	112.81%	-5,051.77%	-6,165.76%	-164.27%	101.67%	-15.26%
Net Income Growth	787.93%	1,278.19%	51.27%	-182.56%	-28.13%	-25.73%	-25.67%	172.47%	-33.38%	-37.95%	-15.82%
EPS Growth	771.43%	6,775.00%	44.44%	-178.33%	-31.91%	-88.73%	-30.77%	253.19%	-31.25%	-158.06%	-144.44%
Operating Cash Flow Growth	394.53%	-39.63%	-78.19%	-570.30%	-34.85%	-84.15%	1,802.10%	243.27%	-54.61%	-327.68%	-92.21%
Free Cash Flow Firm Growth	199.88%	0.00%	218.10%	470.08%	-99.22%	111.51%	-53.86%	-7,359.32%	-179.21%	68.24%	-3,272.00%
Invested Capital Growth	-99.81%	21.90%	-266.11%	-397.82%	-335.25%	6.98%	-96.96%	-40.88%	117.36%	435.36%	98.37%
Revenue Q/Q Growth	13.10%	-382.14%	129.57%	-100.00%	0.00%	81.15%	-59.83%	-248.55%	161.48%	-146.84%	100.00%
EBITDA Q/Q Growth	-1,461.44%	-1,198.40%	90.51%	-25.77%	64.77%	-577.69%	46.02%	-198.82%	75.80%	286.04%	-170.13%
EBIT Q/Q Growth	-587.36%	-2,371.73%	91.56%	-28.46%	71.93%	-822.31%	47.07%	-207.52%	77.67%	313.22%	-166.72%
NOPAT Q/Q Growth	138.38%	-1,984.78%	100.05%	-20,367.76%	155.33%	144.67%	-118.05%	-25,543.73%	99.43%	117.76%	-2,179.45%
Net Income Q/Q Growth	-21.43%	-2.02%	-16.02%	-227.70%	168.40%	1.26%	-15.96%	24.52%	-37.12%	-1,194.52%	80.81%
EPS Q/Q Growth	-21.67%	485.11%	-85.82%	-220.51%	168.09%	-3.13%	-12.90%	166.67%	-69.44%	-181.82%	33.33%
Operating Cash Flow Q/Q Growth	516.93%	-48.17%	-91.50%	-1,830.19%	185.46%	-87.39%	920.12%	30.32%	-72.93%	-163.26%	134.92%
Free Cash Flow Firm Q/Q Growth	175,658.60%	-102.70%	115.71%	68.84%	255.04%	-60.36%	-37.01%	-7,924.70%	95.95%	40.04%	-124.38%
Invested Capital Q/Q Growth	67.86%	-271.90%	20.46%	-1,072.89%	-221.48%	32.03%	-68.42%	7.19%	116.34%	278.69%	-102.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	0.00%	100.00%	0.00%	100.00%	100.00%	100.00%	0.00%	100.00%	0.00%	0.00%
EBITDA Margin	-38.19%	0.00%	-56.42%	0.00%	-22.52%	-84.25%	-113.21%	0.00%	-89.63%	0.00%	0.00%
Operating Margin	22.14%	0.00%	0.23%	0.00%	23.46%	44.30%	-14.68%	0.00%	-22.77%	0.00%	0.00%
EBIT Margin	-19.67%	0.00%	-49.19%	0.00%	-16.00%	-81.46%	-107.35%	0.00%	-80.72%	0.00%	0.00%
Profit (Net Income) Margin	70.73%	0.00%	69.75%	0.00%	54.39%	30.40%	63.60%	0.00%	54.52%	0.00%	0.00%
Tax Burden Percent	60.94%	-17.55%	66.70%	142.32%	53.66%	-133.45%	122.00%	861.60%	71.21%	112.68%	100.00%
Interest Burden Percent	-590.13%	81.21%	-212.60%	98.02%	-633.50%	27.96%	-48.56%	-2.78%	-94.86%	-307.74%	99.76%
Effective Tax Rate	1.78%	0.00%	1.69%	0.00%	2.16%	0.00%	5.11%	-974.85%	2.61%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	2.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-2,700.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-2,698.57%	12.62%	13.09%	11.33%	9.62%	3.96%	3.27%	9.36%	8.75%	-11.67%	-12.47%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3,500.40%	-497.54%	0.00%
Operating Return on Assets (OROA)	-2.22%	0.00%	0.00%	0.00%	0.00%	-5.77%	-7.35%	0.00%	-3.37%	0.00%	0.00%
Return on Assets (ROA)	7.98%	0.00%	0.00%	0.00%	0.00%	2.15%	4.35%	0.00%	2.28%	0.00%	0.00%
Return on Common Equity (ROCE)	-2,698.57%	12.63%	13.10%	11.33%	9.62%	3.96%	3.27%	9.36%	8.75%	-11.67%	-12.47%
Return on Equity Simple (ROE_SIMPLE)	-1,624.58%	0.00%	12.89%	5.66%	4.78%	0.00%	3.36%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	16	-299	0.14	-28	16	38	-6.91	-1,773	-10	1.79	-37
NOPAT Margin	21.75%	0.00%	0.23%	0.00%	22.96%	31.01%	-13.93%	0.00%	-22.18%	0.00%	0.00%
Net Nonoperating Expense Percent (NNEP)	-0.62%	21.91%	5.18%	-3.20%	2.67%	-0.05%	2.35%	113.11%	2.25%	-18.32%	-0.99%
Return On Investment Capital (ROIC_SIMPLE)	-172.99%	-8.72%	0.00%	-0.80%	0.45%	1.09%	-0.20%	-53.54%	-0.30%	0.05%	-1.14%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	2.90%	0.00%	3.57%	0.00%	3.49%	2.22%	4.05%	0.00%	4.11%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	77.86%	0.00%	99.77%	0.00%	76.54%	55.70%	114.68%	0.00%	122.77%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	-14	-355	-30	-39	-11	-101	-53	-164	-37	78	-52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-28	-362	-34	-44	-15	-104	-56	-168	-41	76	-53
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.88	0.88	0.99	0.98	0.90	0.88	0.87	0.80	0.74	0.73
Price to Tangible Book Value (P/TBV)	0.00	0.88	0.88	0.99	0.98	0.90	0.88	0.87	0.80	0.74	0.73
Price to Revenue (P/Rev)	3.26	0.00	0.00	0.00	0.00	5.62	5.65	7.87	8.02	0.00	0.00
Price to Earnings (P/E)	4.38	7.66	6.42	15.76	18.37	23.30	59.61	11.77	14.18	0.00	0.00
Dividend Yield	18.07%	17.43%	17.23%	16.02%	13.56%	14.88%	15.74%	16.98%	19.37%	20.26%	19.71%
Earnings Yield	22.85%	13.05%	15.57%	6.35%	5.45%	4.29%	1.68%	8.50%	7.05%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	61.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.26	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	60.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	61.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.84	10.60	11.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.14	1.12	1.22	1.18	1.22	1.21	1.19	1.27	1.32	1.39
Long-Term Debt to Equity	0.00	1.14	1.12	1.22	1.18	1.22	1.21	1.19	1.27	1.32	1.39
Financial Leverage	-1,226.09	-1.03	-0.51	-1.02	-1.02	-1.02	-1.03	-1.03	-1.01	-0.99	-1.02
Leverage Ratio	-789.70	2.29	2.23	2.28	2.26	2.24	2.22	2.26	2.28	2.33	2.35
Compound Leverage Factor	4,660.25	1.86	-4.73	2.23	-14.33	0.63	-1.08	-0.06	-2.16	-7.18	2.34
Debt to Total Capital	0.00%	53.28%	52.88%	54.91%	54.21%	55.05%	54.69%	54.29%	55.86%	56.85%	58.08%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	53.28%	52.88%	54.91%	54.21%	55.05%	54.69%	54.29%	55.86%	56.85%	58.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	46.72%	47.12%	45.09%	45.79%	44.95%	45.31%	45.71%	44.14%	43.15%	41.92%
Debt to EBITDA	0.00	-3.98	-4.30	-4.46	-4.44	-9.75	-8.51	-5.24	-5.05	-9.91	-9.78
Net Debt to EBITDA	0.00	-3.87	-4.18	3.76	3.85	8.22	7.35	4.63	4.07	7.64	7.14
Long-Term Debt to EBITDA	0.00	-3.98	-4.30	-4.46	-4.44	-9.75	-8.51	-5.24	-5.05	-9.91	-9.78
Debt to NOPAT	0.00	-6.10	-6.47	-6.63	-6.40	68.80	100.85	-11.34	-7.20	-14.88	-14.50
Net Debt to NOPAT	0.00	-5.92	-6.28	5.58	5.56	-57.99	-87.06	10.02	5.81	11.47	10.60
Long-Term Debt to NOPAT	0.00	-6.10	-6.47	-6.63	-6.40	68.80	100.85	-11.34	-7.20	-14.88	-14.50
Altman Z-Score	13,643,397,967.38	0.03	0.34	1.45	1.48	1.42	1.45	1.30	1.36	1.40	1.20
Noncontrolling Interest Sharing Ratio	0.00%	-0.05%	-0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	5.78	9.71	53.02	50.34	48.54	48.04	47.00	48.07	64.16	65.29
Quick Ratio	0.00	5.78	9.71	53.02	50.32	48.20	48.04	47.00	47.15	62.80	65.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11,479	-310	49	24	90	36	22	-1,757	-71	-43	-96
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.00	0.00	0.00	0.00	0.07	0.07	0.05	0.04	0.00	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	25.09	39.84	0.00	0.00	0.00	0.00	6.56	5.79	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	14.55	9.16	0.00	0.00	0.00	0.00	55.63	63.01	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-55.63	-63.01	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	22	-38	-30	-39	-52	-35	-60	-55	9.05	34	-0.97
Invested Capital Turnover	0.07	0.00	0.00	0.00	0.00	-6.87	-5.37	-3.54	-6.72	0.00	0.00
Increase / (Decrease) in Invested Capital	-11,463	11	-49	-52	-74	2.66	-29	-16	61	44	59
Enterprise Value (EV)	1,364	3,188	3,211	-61	-79	-204	-248	-269	-325	-386	-387
Market Capitalization	1,364	1,414	1,433	1,576	1,551	1,419	1,364	1,320	1,161	1,059	1,000
Book Value per Share	($0.08)	$14.62	$14.88	$14.22	$13.57	$13.41	$13.20	$12.90	$12.75	$12.47	$12.17
Tangible Book Value per Share	($0.08)	$14.62	$14.88	$14.22	$13.57	$13.41	$13.20	$12.90	$12.75	$12.47	$12.17
Total Capital	-9.17	3,429	3,462	3,539	3,464	3,499	3,416	3,311	3,296	3,298	3,268
Total Debt	0.00	1,827	1,831	1,944	1,878	1,926	1,868	1,797	1,841	1,875	1,898
Total Long-Term Debt	0.00	1,827	1,831	1,944	1,878	1,926	1,868	1,797	1,841	1,875	1,898
Net Debt	-0.00	1,774	1,778	-1,637	-1,630	-1,624	-1,613	-1,588	-1,486	-1,445	-1,387
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-9.05	-5.39	-68	-68	-48	-72	-72	-5.17	19	-45
Debt-free Net Working Capital (DFNWC)	0.00	43	47	3,513	3,440	3,502	3,408	3,314	3,321	3,338	3,240
Net Working Capital (NWC)	0.00	43	47	3,513	3,440	3,502	3,408	3,314	3,321	3,338	3,240
Net Nonoperating Expense (NNE)	-36	-350	-42	26	-21	0.75	-38	-1,812	-35	272	15
Net Nonoperating Obligations (NNO)	31	-1,640	-1,662	-1,635	-1,638	-1,608	-1,608	-1,569	-1,446	-1,389	-1,371
Total Depreciation and Amortization (D&A)	-14	-7.04	-4.40	-4.72	-4.45	-3.44	-2.91	-4.06	-4.04	-2.42	-0.96
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	-19.17%	-30.02%	-42.90%	-3.57%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	1,386.57%	1,412.37%	1,977.08%	2,294.79%	0.00%	0.00%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	1,386.57%	1,412.37%	1,977.08%	2,294.79%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.47	$0.47	$0.39	($0.47)	$0.32	$0.31	$0.27	$0.34	$0.22	$0.20	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	109.54M	108.31M	110.08M	114.36M	116.94M	114.67M	117.30M	117.20M	114.40M	115.58M	112.57M
Adjusted Diluted Earnings per Share	$0.47	$2.75	$0.39	($0.47)	$0.32	$0.31	$0.27	$0.72	$0.22	($0.18)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	109.56M	109.68M	112.22M	116.88M	117.30M	117.30M	117.30M	114.11M	114.11M	112.57M	112.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	109.56M	109.68M	112.22M	116.88M	117.30M	117.30M	117.30M	114.11M	114.11M	112.57M	112.57M
Normalized Net Operating Profit after Tax (NOPAT)	16	-299	0.14	-28	16	38	-6.91	-115	-10	1.79	-37
Normalized NOPAT Margin	21.75%	0.00%	0.23%	0.00%	22.96%	31.01%	-13.93%	0.00%	-22.18%	0.00%	0.00%
Pre Tax Income Margin	116.07%	0.00%	104.57%	0.00%	101.36%	-22.78%	52.13%	0.00%	76.57%	0.00%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	126.12%	97.49%	92.23%	213.90%	258.51%	314.48%	390.48%	148.78%	169.14%	-133.55%	-120.99%
Augmented Payout Ratio	126.53%	97.84%	92.64%	214.81%	259.67%	315.30%	391.54%	156.41%	197.30%	-163.52%	-149.67%

Financials Breakdown Chart

Key Financial Trends

Goldman Sachs BDC (GSBD) has shown earnings volatility across the last four years, with cash flow and dividend activity providing some consistency. Here are the most relevant trends and data points pulled from the quarterly statements.

Net Income / (Loss) Attributable to Common Shareholders in Q3 2025 was positive, about $33.79 million (33,786,000), showing a clear quarterly improvement.
Net Cash From Continuing Operating Activities in Q3 2025 was approximately $47.23 million (47,232,000), signaling stronger operating cash flow that quarter.
Dividend per share remained attractive and relatively stable in 2025, ranging roughly from $0.45 to $0.53 per share across quarters, delivering ongoing income to investors.
Liquidity profile remained solid in 2025, with substantial short-term investments (~$3.2B–$3.4B) and cash on hand (~$83M–$115M) supporting distributions and potential debt service needs.
Total assets hovered in the mid-to-high $3.3B range through 2025 (e.g., about $3.385B in Q3 2025 and around $3.41B in Q2 2025), indicating a stable balance sheet base.
Total equity, and especially Total Common Equity, remained within a relatively narrow band (roughly $1.45B–$1.55B) across 2025, suggesting a steady equity foundation aided by retained earnings and occasional issuances/dividends.
Weighted Average Basic Shares Outstanding was typically around 110–116 million in 2025, with similar figures for diluted shares, providing a consistent basis for EPS calculations.
Q4 2025 Net Income / (Loss) Attributable to Common Shareholders plunged to -$282.194 million, marking a sharp quarterly deterioration from prior quarters.
Q4 2025 Net Change in Cash & Equivalents was -$72.012 million, indicating a quarterly cash outflow that could pose near-term liquidity considerations if sustained.
Q4 2025 Total Pre-Tax Income was -$239.970 million and Net Income / (Loss) from continuing operations was -$270.400 million, highlighting a sizable quarterly loss before tax and at the bottom line.

05/20/26 01:23 AM ETAI Generated. May Contain Errors.

Goldman Sachs BDC Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Goldman Sachs BDC's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Goldman Sachs BDC's net income appears to be on an upward trend, with a most recent value of -$174.85 million in 2025, falling from $176.11 million in 2020. The previous period was -$170.69 million in 2024. Check out Goldman Sachs BDC's forecast to explore projected trends and price targets.

Goldman Sachs BDC's total operating income in 2025 was -$179.98 million, based on the following breakdown:

Total Gross Profit: $0.00
Total Operating Expenses: $179.98 million

Over the last 5 years, Goldman Sachs BDC's total revenue changed from $124.37 million in 2020 to $0.00 in 2025, a change of -100.0%.

Goldman Sachs BDC's total liabilities were at $1.96 billion at the end of 2025, a 3.5% decrease from 2024, and a 150.2% decrease since 2021.

In the past 4 years, Goldman Sachs BDC's cash and equivalents has ranged from $0.00 in 2021 to $61.80 million in 2024, and is currently $43.21 million as of their latest financial filing in 2025.

Over the last 5 years, Goldman Sachs BDC's book value per share changed from 0.00 in 2020 to 12.47 in 2025, a change of 1,247.0%.

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Financial statements for NYSE:GSBD last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Goldman Sachs BDC (GSBD) Financials

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Goldman Sachs BDC (GSBD) Financials

Annual Income Statements for Goldman Sachs BDC

Quarterly Income Statements for Goldman Sachs BDC

Annual Cash Flow Statements for Goldman Sachs BDC

Quarterly Cash Flow Statements for Goldman Sachs BDC

Annual Balance Sheets for Goldman Sachs BDC

Quarterly Balance Sheets for Goldman Sachs BDC

Annual Metrics And Ratios for Goldman Sachs BDC

Quarterly Metrics And Ratios for Goldman Sachs BDC

Financials Breakdown Chart

Key Financial Trends

Goldman Sachs BDC Financials - Frequently Asked Questions

When does Goldman Sachs BDC's financial year end?

How has Goldman Sachs BDC's net income changed over the last 5 years?

What is Goldman Sachs BDC's operating income?

How has Goldman Sachs BDC's revenue changed over the last 5 years?

How much debt does Goldman Sachs BDC have?

How much cash does Goldman Sachs BDC have?

How has Goldman Sachs BDC's book value per share changed over the last 5 years?

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