Free Trial
→ The one number Musk can't hide in the S-1 (From Behind the Markets) (Ad)tc pixel Free KBDC Stock Alerts

Kayne Anderson BDC (KBDC) Financials

Kayne Anderson BDC logo
$14.83 -0.32 (-2.11%)
Closing price 05/13/2026 03:59 PM Eastern
Extended Trading
$15.27 +0.44 (+2.97%)
As of 08:31 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Kayne Anderson BDC

Annual Income Statements for Kayne Anderson BDC

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

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 126 247 356 325
Consolidated Net Income / (Loss)		 126 247 356 325
Net Income / (Loss) Continuing Operations		 126 247 356 325
Total Pre-Tax Income 		126 247 357 327
Total Operating Income		 -4.02 -16 6.52 -29
Total Gross Profit		 40 74 130 118
Total Revenue		 40 74 130 118
Operating Revenue		 40 74 130 118
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 44 91 123 146
Selling, General & Admin Expense		 2.02 2.30 3.66 3.81
Other Operating Expenses / (Income)		 42 88 120 143
Total Other Income / (Expense), net		 130 263 350 356
Interest Expense		 20 52 62 76
Interest & Investment Income		 150 322 426 472
Other Income / (Expense), net		 0.80 -6.49 -15 -39
Income Tax Expense		 - 0.00 0.72 1.66
Basic Earnings per Share		 $3.16 $4.12 $4.10 $3.00
Weighted Average Basic Shares Outstanding		 27.18M 39.25M 63.76M 70.26M
Diluted Earnings per Share		 $1.48 $2.16 $2.03 $1.67
Weighted Average Diluted Shares Outstanding		 27.18M 39.25M 63.76M 70.26M

Quarterly Income Statements for Kayne Anderson BDC

This table shows Kayne Anderson 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		 84 40 75 94 98 58 77 81 121 46 91
Consolidated Net Income / (Loss)		 84 40 75 94 98 58 77 81 121 46 91
Net Income / (Loss) Continuing Operations		 84 40 75 94 98 58 77 81 121 46 91
Total Pre-Tax Income 		84 40 75 94 98 58 78 81 121 47 91
Total Operating Income		 -5.96 -8.34 -3.29 6.46 3.60 8.19 -4.70 -7.22 -11 -5.88 -6.00
Total Gross Profit		 0.00 33 24 34 37 65 29 29 -0.02 60 29
Total Revenue		 0.00 33 24 34 37 71 29 29 -0.02 60 29
Operating Revenue		 0.00 33 24 34 37 71 29 29 -0.02 60 29
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 5.61 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 5.96 41 27 28 33 57 34 36 11 65 35
Selling, General & Admin Expense		 0.53 0.60 0.74 0.88 0.97 1.08 0.93 0.97 0.96 0.96 0.89
Other Operating Expenses / (Income)		 5.42 41 26 27 32 56 33 35 10 64 34
Total Other Income / (Expense), net		 90 49 79 88 94 50 83 88 133 53 97
Interest Expense		 14 14 16 13 16 17 17 18 20 21 19
Interest & Investment Income		 104 64 93 105 116 76 111 115 153 94 119
Other Income / (Expense), net		 0.00 -1.33 1.32 -4.11 -5.10 -9.49 -11 -7.92 - - -3.11
Income Tax Expense		 - - 0.00 0.00 0.00 - 0.58 0.32 0.43 0.33 0.39
Basic Earnings per Share		 $0.53 $1.41 $1.13 $0.97 $1.05 $1.48 $0.71 $0.75 $0.43 $1.11 $0.69
Weighted Average Basic Shares Outstanding		 40.50M 39.25M 45.35M 67.43M 71.08M 63.76M 71.23M 70.90M 70.43M 70.26M 67.14M
Diluted Earnings per Share		 $0.53 - $0.52 $0.51 $0.52 - $0.40 $0.40 $0.43 $0.44 $0.43
Weighted Average Diluted Shares Outstanding		 40.50M 39.25M 45.35M 67.43M 71.08M 63.76M 71.23M 70.90M 70.43M 70.26M 67.14M
Weighted Average Basic & Diluted Shares Outstanding		 - 0.00 65.12M 71.09M 71.03M 71.06M 70.88M - - 0.00 66.35M

Annual Cash Flow Statements for Kayne Anderson BDC

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

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 6.49 26 -12 -4.35
Net Cash From Operating Activities		 -542 -110 -545 -99
Net Cash From Continuing Operating Activities		 -542 -110 -545 -99
Net Income / (Loss) Continuing Operations		 46 77 132 94
Consolidated Net Income / (Loss)		 46 77 132 94
Amortization Expense		 -2.70 -7.08 -8.75 -11
Non-Cash Adjustments To Reconcile Net Income		 -596 -194 -658 -181
Changes in Operating Assets and Liabilities, net		 12 14 -10 -0.36
Net Cash From Investing Activities		 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 548 136 533 94
Net Cash From Continuing Financing Activities		 548 136 533 94
Repayment of Debt		 300 -30 112 -17
Repurchase of Common Equity		 0.00 0.00 -1.53 -47
Payment of Dividends		 -23 -70 -102 -123
Issuance of Debt		 3.00 75 0.00 200
Issuance of Common Equity		 268 91 481 0.00
Other Financing Activities, net		 - 70 43 82
Cash Interest Paid		 14 44 55 68

Quarterly Cash Flow Statements for Kayne Anderson BDC

This table details how cash moves in and out of Kayne Anderson 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		 -0.54 22 -0.65 -13 19 -17 -5.01 -3.38 2.37 1.67 -3.71
Net Cash From Operating Activities		 21 -54 -91 -287 -118 -49 -127 2.44 -54 80 40
Net Cash From Continuing Operating Activities		 21 -54 -91 -287 -118 -46 -127 2.44 -54 80 40
Net Income / (Loss) Continuing Operations		 14 23 28 31 38 35 22 25 25 22 17
Consolidated Net Income / (Loss)		 14 23 28 31 38 35 22 25 25 22 17
Amortization Expense		 -1.69 -2.26 -1.72 -1.74 -2.34 -2.95 -2.55 -2.32 -2.98 -3.50 -2.12
Non-Cash Adjustments To Reconcile Net Income		 5.31 -78 -419 -76 -78 -81 -150 -26 -76 71 21
Changes in Operating Assets and Liabilities, net		 3.85 3.38 302 -240 -75 2.11 3.14 5.51 0.34 -9.35 3.87
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		 -22 75 90 274 136 32 122 -5.81 56 -78 -44
Net Cash From Continuing Financing Activities		 -22 75 90 274 136 32 122 -5.81 56 -78 -44
Repayment of Debt		 -43 193 -26 -58 166 38 -3.51 39 3.81 -213 -2.52
Repurchase of Common Equity		 - - 0.00 - - -0.42 -0.38 -8.72 -13 -25 -21
Payment of Dividends		 -19 -20 -20 -18 -28 -35 -32 -36 -28 -28 -27
Issuance of Debt		 - -97 -11 - - - 214 - - - 28
Issuance of Common Equity		 41 - 148 333 - - 0.00 - - - 0.00
Other Financing Activities, net		 - - - 16 - 30 -56 - - -12 -20
Cash Interest Paid		 12 12 16 9.56 16 14 18 13 20 16 25

Annual Balance Sheets for Kayne Anderson BDC

This table presents Kayne Anderson 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 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,424 2,083 2,287
Total Current Assets		 60 27 18
Cash & Equivalents		 34 22 18
Prepaid Expenses		 0.32 0.96 0.29
Plant, Property, & Equipment, net		 0.00 0.00 0.00
Total Noncurrent Assets		 1,369 2,059 2,248
Long-Term Investments		 1,364 2,044 2,224
Other Noncurrent Operating Assets		 5.54 16 24
Total Liabilities & Shareholders' Equity		 1,424 2,083 2,287
Total Liabilities		 741 896 1,177
Total Current Liabilities		 501 123 334
Short-Term Debt		 75 75 275
Accrued Expenses		 12 15 22
Current Deferred & Payable Income Tax Liabilities		 0.10 0.83 0.48
Other Current Liabilities		 414 32 37
Total Noncurrent Liabilities		 245 776 846
Long-Term Debt		 234 250 135
Other Noncurrent Operating Liabilities		 11 526 711
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 683 1,186 1,110
Total Preferred & Common Equity		 683 1,186 1,110
Total Common Equity		 683 1,186 1,110
Common Stock		 670 1,152 1,108
Retained Earnings		 13 34 1.86

Quarterly Balance Sheets for Kayne Anderson BDC

This table presents Kayne Anderson 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 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,844 1,910 2,028 2,231 2,256 2,338 2,252
Total Current Assets		 45 41 62 18 17 20 15
Cash & Equivalents		 33 20 39 17 14 16 14
Prepaid Expenses		 0.27 0.12 0.16 0.29 0.24 0.35 0.25
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 1,800 1,869 1,966 2,213 2,227 2,307 2,238
Long-Term Investments		 1,784 1,847 1,943 2,195 2,205 2,285 2,213
Other Noncurrent Operating Assets		 16 22 23 17 22 22 25
Total Liabilities & Shareholders' Equity		 1,844 1,910 2,028 2,231 2,256 2,338 2,252
Total Liabilities		 1,033 732 842 1,054 1,099 1,198 1,173
Total Current Liabilities		 453 189 133 119 131 131 324
Short-Term Debt		 75 75 75 75 75 75 274
Accrued Expenses		 11 15 13 14 19 18 15
Current Deferred & Payable Income Tax Liabilities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities		 367 99 45 30 37 38 35
Total Noncurrent Liabilities		 580 543 709 935 971 1,071 852
Long-Term Debt		 198 75 221 194 224 301 115
Other Noncurrent Operating Liabilities		 382 468 488 741 747 770 737
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 812 1,178 1,186 1,177 1,157 1,140 1,079
Total Preferred & Common Equity		 812 1,178 1,186 1,177 1,157 1,140 1,079
Total Common Equity		 812 1,178 1,186 1,177 1,157 1,140 1,079
Common Stock		 790 1,154 1,153 1,156 1,147 1,133 1,087
Retained Earnings		 21 24 33 20 9.99 6.68 -7.49

Annual Metrics And Ratios for Kayne Anderson BDC

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

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - 0.00
DEI Adjusted Shares Outstanding		 - - - 0.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - 0.00
Growth Metrics		 - - - -
Profitability Metrics		 - - - -
Net Operating Profit after Tax (NOPAT)		 -4.02 -16 6.52 -29
Return On Investment Capital (ROIC_SIMPLE)		 - -1.65% 0.43% -1.89%
Earnings before Interest and Taxes (EBIT)		 -3.21 -23 -8.83 -68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -5.91 -30 -18 -80
Valuation Ratios		 - - - -
Leverage & Solvency		 - - - -
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 402 143 146
Efficiency Ratios		 - - - -
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 -418 -555 -730
Increase / (Decrease) in Invested Capital		 0.00 -418 -136 -175
Book Value per Share		 $0.00 $17.40 $18.61 $15.80
Tangible Book Value per Share		 $0.00 $17.40 $18.61 $15.80
Total Capital		 0.00 992 1,511 1,520
Total Debt		 0.00 309 325 410
Total Long-Term Debt		 0.00 234 250 135
Net Debt		 0.00 -1,101 -1,741 -1,840
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -413 -40 -752
Debt-free Net Working Capital (DFNWC)		 0.00 -366 31 -734
Net Working Capital (NWC)		 0.00 -441 -44 -1,009
Net Nonoperating Expense (NNE)		 -130 -263 -349 -354
Net Nonoperating Obligations (NNO)		 0.00 -1,101 -1,741 -1,840
Total Depreciation and Amortization (D&A)		 -2.70 -7.08 -8.75 -11
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $4.10 $3.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 63.76M 70.26M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $2.03 $1.67
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 63.76M 70.26M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 71.06M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -2.81 -11 4.56 -29
Debt Service Ratios		 - - - -
Payout Ratios		 - - - -

Quarterly Metrics And Ratios for Kayne Anderson BDC

This table displays calculated financial ratios and metrics derived from Kayne Anderson 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		 - - - - - - - - - 0.00 0.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 0.00 0.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.00 0.00
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 23.45% 57.62% 0.00% 113.17% 23.12% -16.56% -100.06% - -1.40%
EBITDA Growth		 0.00% 0.00% 22.41% 53.79% 8.05% 64.31% -393.69% -2,958.59% -268.39% - 38.44%
EBIT Growth		 0.00% 0.00% 39.13% 78.59% 21.15% 86.53% -696.35% -743.79% -643.30% - 41.94%
NOPAT Growth		 0.00% 0.00% -168.73% 825.95% 21.15% 198.13% -41.55% -211.29% -408.15% - -28.25%
Net Income Growth		 0.00% 0.00% 30.00% 40.85% 57.18% 42.88% 2.29% -14.11% 23.40% - 17.02%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -1.89% 0.00% -23.08% -21.57% -17.31% - 7.50%
Operating Cash Flow Growth		 0.00% 0.00% -18.39% -37,931.17% -651.16% 8.69% -39.77% 100.85% 54.32% - 131.28%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -97.47% -62.76% -49.56% - -159.07%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -32.61% -3.15% -38.96% -52.91% - 0.67%
Revenue Q/Q Growth		 -100.00% 0.00% -28.12% 43.91% -96.52% 5,827.20% -58.48% -2.07% -100.08% - -51.48%
EBITDA Q/Q Growth		 -35.82% -55.94% 69.02% 29.58% -170.25% 39.48% -328.62% 4.25% 19.13% - -19.75%
EBIT Q/Q Growth		 -48.11% -62.28% 79.61% 56.32% -445.53% 72.28% -1,105.53% 3.53% 26.42% - -55.01%
NOPAT Q/Q Growth		 -583.93% -40.04% 60.54% 292.07% -174.28% 274.28% -156.93% -54.31% -54.40% - -2.38%
Net Income Q/Q Growth		 30.20% -51.82% 86.37% 20.49% 45.28% -56.21% 33.43% 4.75% 49.86% - 95.33%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.50% - -2.27%
Operating Cash Flow Q/Q Growth		 2,930.64% -351.85% -69.36% -215.00% 58.98% 58.28% -159.26% 101.91% -2,306.08% - -50.13%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -23.59% -8.40% -72.10% -87.03% 1,023.78% 26.00% - -105.99%
Invested Capital Q/Q Growth		 0.00% 0.00% -77.76% 24.78% 6.53% -6.09% -38.27% -1.34% -2.86% - -2.19%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 100.00% 100.00% 100.00% 570.61% 92.06% 100.00% 100.00% 0.00% - 100.00%
EBITDA Margin		 0.00% -36.01% -15.52% -7.60% -590.43% -6.03% -62.24% -60.86% 0.00% - -38.86%
Operating Margin		 0.00% -25.19% -13.83% 18.46% -394.37% 11.60% -16.02% -25.15% 0.00% - -20.77%
EBIT Margin		 0.00% -29.19% -8.28% -2.51% -394.37% -1.84% -53.56% -52.76% 0.00% - -31.54%
Profit (Net Income) Margin		 0.00% 122.10% 316.60% 265.09% 11,076.83% 81.84% 263.04% 281.38% 0.00% - 313.41%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.25% 99.61% 99.65% - 99.57%
Interest Burden Percent		 -1,409.01% -418.29% -3,823.49% -10,546.57% -2,808.71% -4,437.25% -494.83% -535.40% -1,089.96% - -998.02%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.75% 0.39% 0.35% - 0.43%
Return on Invested Capital (ROIC)		 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)		 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)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Equity (ROE)		 0.00% 36.13% 32.55% 0.00% 0.00% 38.07% 35.97% 29.49% 31.58% - 30.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Return on Assets (OROA)		 0.00% -1.52% -0.35% 0.00% 0.00% -0.14% -3.56% -3.28% 0.00% - -1.65%
Return on Assets (ROA)		 0.00% 6.36% 13.50% 0.00% 0.00% 6.06% 17.47% 17.51% 0.00% - 16.38%
Return on Common Equity (ROCE)		 0.00% 36.13% 32.55% 0.00% 0.00% 38.07% 35.97% 29.49% 31.58% - 30.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 32.55% 0.00% 0.00% 0.00% 30.39% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.96 -8.34 -3.29 6.32 -4.70 8.19 -4.66 -7.19 -11 -5.84 -5.98
NOPAT Margin		 0.00% -25.19% -13.83% 18.46% -394.37% 11.60% -15.90% -25.06% 0.00% - -20.68%
Net Nonoperating Expense Percent (NNEP)		 0.00% 4.43% 10.11% 9.72% 15.99% 3.49% 4.67% 4.79% 7.24% - 5.10%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.84% -0.30% - - 0.54% -0.32% -0.49% -0.73% -0.38% -0.41%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% -470.61% 7.94% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 0.00% 1.80% 3.09% 2.58% 81.11% 1.53% 3.16% 3.38% 0.00% - 3.08%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 0.00% 125.19% 113.83% 81.54% 964.99% 80.46% 116.02% 125.15% 0.00% - 120.77%
Earnings before Interest and Taxes (EBIT)		 -5.96 -9.67 -1.97 -0.86 -4.70 -1.30 -16 -15 -11 -5.88 -9.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -7.65 -12 -3.70 -2.60 -7.03 -4.26 -18 -17 -14 -9.38 -11
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.96 0.97 0.88 0.98 0.93 0.82 - 0.85
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.96 0.97 0.88 0.98 0.93 0.82 - 0.85
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 8.08 8.54 8.35 10.13 - 7.87
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 2.95 3.23 3.14 2.55 - 2.72
Dividend Yield		 0.00% 0.00% 0.00% 2.51% 4.94% 7.91% 11.10% 12.45% 14.26% - 12.39%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 33.94% 30.95% 31.82% 39.15% - 36.73%
Enterprise Value to Invested Capital (EV/IC)		 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)		 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
Enterprise Value to EBIT (EV/EBIT)		 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)		 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)		 0.00 0.00 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
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.45 0.34 0.13 0.25 0.27 0.23 0.26 0.33 - 0.36
Long-Term Debt to Equity		 0.00 0.34 0.24 0.06 0.19 0.21 0.16 0.19 0.26 - 0.11
Financial Leverage		 0.00 -1.61 -1.92 -1.47 -1.44 -1.52 -1.76 -1.57 -1.57 - -1.68
Leverage Ratio		 0.00 2.08 2.27 1.62 1.71 1.88 2.05 1.78 1.88 - 1.99
Compound Leverage Factor		 0.00 -8.72 -86.90 -170.96 -48.03 -83.23 -10.14 -9.55 -20.46 - -19.83
Debt to Total Capital		 0.00% 31.15% 25.17% 11.29% 19.97% 21.50% 18.61% 20.53% 24.80% - 26.49%
Short-Term Debt to Total Capital		 0.00% 7.56% 6.92% 5.65% 5.06% 4.96% 5.19% 5.15% 4.95% - 18.65%
Long-Term Debt to Total Capital		 0.00% 23.59% 18.26% 5.65% 14.91% 16.54% 13.42% 15.38% 19.85% - 7.83%
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%
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%
Common Equity to Total Capital		 0.00% 68.85% 74.83% 88.71% 80.03% 78.50% 81.39% 79.47% 75.20% - 73.51%
Debt to EBITDA		 0.00 -10.31 -9.45 0.00 0.00 -18.48 -8.37 -5.96 -11.02 - -5.35
Net Debt to EBITDA		 0.00 36.76 53.82 0.00 0.00 99.02 60.49 38.24 56.45 - 25.27
Long-Term Debt to EBITDA		 0.00 -7.81 -6.85 0.00 0.00 -14.22 -6.04 -4.46 -8.82 - -1.58
Debt to NOPAT		 0.00 -18.85 -14.79 0.00 0.00 49.85 52.57 -34.92 -16.13 - -12.91
Net Debt to NOPAT		 0.00 67.18 84.25 0.00 0.00 -267.06 -379.86 224.22 82.62 - 61.04
Long-Term Debt to NOPAT		 0.00 -14.27 -10.72 0.00 0.00 38.34 37.91 -26.16 -12.91 - -3.82
Altman Z-Score		 0.00 0.00 0.00 0.85 0.79 0.76 0.65 0.57 0.44 - 0.34
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.12 0.10 0.22 0.47 0.62 0.15 0.13 0.16 - 0.04
Quick Ratio		 0.00 0.09 0.10 0.21 0.46 0.61 0.15 0.11 0.13 - 0.04
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 740 566 518 145 19 211 266 169 -11
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%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 47.30 42.74 32.25 8.74 1.10 11.47 13.14 - -0.59
Operating Cash Flow to Interest Expense		 1.54 -3.86 -5.81 -21.66 -7.32 -2.97 -7.43 0.13 -2.66 - 2.11
Operating Cash Flow Less CapEx to Interest Expense		 1.54 -3.86 -5.81 -21.66 -7.32 -2.97 -7.43 0.13 -2.66 - 2.11
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.05 0.04 0.00 0.00 0.07 0.07 0.06 0.04 - 0.05
Accounts Receivable Turnover		 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
Fixed Asset Turnover		 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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
Days Inventory Outstanding (DIO)		 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 -418 -744 -559 -523 -555 -767 -777 -800 -730 -762
Invested Capital Turnover		 0.00 -0.18 -0.21 0.00 0.00 -0.27 -0.18 -0.19 -0.14 - -0.15
Increase / (Decrease) in Invested Capital		 0.00 0.00 -744 -559 -523 -136 -23 -218 -277 -175 5.10
Enterprise Value (EV)		 0.00 0.00 0.00 -604 -557 -693 -788 -838 -988 - -917
Market Capitalization		 0.00 0.00 0.00 1,134 1,152 1,049 1,155 1,082 938 - 921
Book Value per Share		 $0.00 $17.40 $17.90 $17.47 $16.69 $18.61 $16.52 $16.32 $16.19 $15.80 $16.07
Tangible Book Value per Share		 $0.00 $17.40 $17.90 $17.47 $16.69 $18.61 $16.52 $16.32 $16.19 $15.80 $16.07
Total Capital		 0.00 992 1,085 1,328 1,482 1,511 1,446 1,456 1,516 1,520 1,468
Total Debt		 0.00 309 273 150 296 325 269 299 376 410 389
Total Long-Term Debt		 0.00 234 198 75 221 250 194 224 301 135 115
Net Debt		 0.00 -1,101 -1,555 -1,738 -1,709 -1,741 -1,944 -1,920 -1,926 -1,840 -1,838
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 -413 -378 -114 -58 -40 -44 -53 -52 -752 -50
Debt-free Net Working Capital (DFNWC)		 0.00 -366 -333 -73 4.07 31 -26 -39 -36 -734 -36
Net Working Capital (NWC)		 0.00 -441 -408 -148 -71 -44 -101 -114 -111 -1,009 -310
Net Nonoperating Expense (NNE)		 -90 -49 -79 -84 -137 -50 -82 -88 -132 -52 -97
Net Nonoperating Obligations (NNO)		 0.00 -1,101 -1,555 -1,738 -1,709 -1,741 -1,944 -1,935 -1,940 -1,840 -1,841
Total Depreciation and Amortization (D&A)		 -1.69 -2.26 -1.72 -1.74 -2.34 -2.95 -2.55 -2.32 -2.98 -3.50 -2.12
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -557.40% -480.26% 0.00% 0.00% -31.03% -32.20% -40.82% -56.08% - -42.78%
Debt-free Net Working Capital to Revenue		 0.00% -494.17% -423.95% 0.00% 0.00% 23.70% -19.37% -30.03% -38.41% - -30.56%
Net Working Capital to Revenue		 0.00% -595.34% -519.31% 0.00% 0.00% -34.07% -74.79% -87.87% -119.42% - -264.35%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $1.41 $1.13 $0.97 $0.52 $1.48 $0.71 $0.75 $0.43 $1.11 $0.69
Adjusted Weighted Average Basic Shares Outstanding		 0.00 39.25M 45.35M 67.43M 71.08M 63.76M 71.23M 70.90M 70.43M 70.26M 67.14M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.52 $0.00 $0.40 $0.40 $0.43 $0.44 $0.43
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 39.25M 65.12M 71.09M 71.08M 63.76M 71.23M 70.90M 70.43M 70.26M 67.14M
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		 0.00 0.00 65.12M 71.09M 71.03M 71.06M 70.88M 0.00 0.00 0.00 66.35M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.17 -5.84 -2.30 4.43 -3.29 5.73 -4.66 -7.19 -11 -5.84 -5.98
Normalized NOPAT Margin		 0.00% -17.63% -9.68% 12.92% -276.06% 8.12% -15.90% -25.06% 0.00% - -20.68%
Pre Tax Income Margin		 0.00% 122.10% 316.60% 265.09% 11,076.83% 81.84% 265.02% 282.48% 0.00% - 314.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.43 -0.69 -0.13 -0.07 -0.29 -0.08 -0.92 -0.82 -0.55 - -0.48
NOPAT to Interest Expense		 -0.43 -0.60 -0.21 0.48 -0.29 0.49 -0.27 -0.39 -0.55 - -0.32
EBIT Less CapEx to Interest Expense		 -0.43 -0.69 -0.13 -0.07 -0.29 -0.08 -0.92 -0.82 -0.55 - -0.48
NOPAT Less CapEx to Interest Expense		 -0.43 -0.60 -0.21 0.48 -0.29 0.49 -0.27 -0.39 -0.55 - -0.32
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 28.37% 28.77% 0.00% 0.00% 28.59% 31.54% 37.89% 35.48% - 35.17%
Augmented Payout Ratio		 0.00% 28.37% 28.77% 0.00% 0.00% 29.02% 32.04% 40.93% 41.68% - 55.42%

Financials Breakdown Chart

Key Financial Trends

Kayne Anderson BDC (NYSE: KBDC) exhibits a pattern where operating earnings are often modest or negative, but investment income and other non-operating gains drive reported net income. Over the last four years, the company has maintained a very large long-term investment portfolio and a stable equity base, while its quarterly cash flow shows meaningful volatility. Below are the key takeaways drawn from the quarterly statements provided for 2023–2025.

  • Investment income and other non-operating gains fueled a strong Q3 2025 net income of about $121.0M, supported by $152.8M of investment income and $132.6M in other income.
  • Q4 2025 operating cash flow turned positive, at about $79.8M, marking a swing from negative cash flow in several prior quarters and signaling improving core cash generation.
  • Cash distributions continue to be paid to shareholders, with a quarterly cash dividend per share of $0.50 in Q1 2025, reflecting ongoing cash-return policy.
  • The balance sheet shows a very large long-term investments base (around $2.28B in Q3 2025), supporting a strong asset base and potential capital deployment opportunities.
  • Earnings are heavily influenced by non-operating items (investment income and other income) rather than operating results, making earnings sensitive to market conditions.
  • Core operating income has been negative in several quarters, indicating ongoing profitability challenges from its operating activities rather than investment gains.
  • Total assets consistently sit around $2.0–2.3B with total equity around $1.1–$1.2B, indicating a solid but asset-heavy balance sheet aligned with a large investment portfolio.
  • Operating income was negative in multiple periods (for example, Q4 2025: -$5.9M; Q3 2025: -$11.14M), signaling ongoing core profitability pressure.
  • Operating cash flow has been volatile and often negative across several quarters (e.g., Q1 2025: -$127.24M; Q3 2025: -$53.74M; Q2 2025: +$2.44M), reflecting inconsistent near-term cash generation.
05/14/26 08:54 AM ETAI Generated. May Contain Errors.

Kayne Anderson BDC Financials - Frequently Asked Questions

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

Kayne Anderson BDC's net income appears to be on an upward trend, with a most recent value of $325.22 million in 2025, rising from $126.15 million in 2022. The previous period was $355.87 million in 2024. View Kayne Anderson BDC's forecast to see where analysts expect Kayne Anderson BDC to go next.

Kayne Anderson BDC's total operating income in 2025 was -$28.94 million, based on the following breakdown:
  • Total Gross Profit: $117.53 million
  • Total Operating Expenses: $146.47 million

Over the last 3 years, Kayne Anderson BDC's total revenue changed from $40.26 million in 2022 to $117.53 million in 2025, a change of 191.9%.

Kayne Anderson BDC's total liabilities were at $1.18 billion at the end of 2025, a 31.3% increase from 2024, and a 58.9% increase since 2023.

In the past 2 years, Kayne Anderson BDC's cash and equivalents has ranged from $18.03 million in 2025 to $34.07 million in 2023, and is currently $18.03 million as of their latest financial filing in 2025.

Over the last 3 years, Kayne Anderson BDC's book value per share changed from 0.00 in 2022 to 15.80 in 2025, a change of 1,579.9%.


Related Companies

Financial statements for NYSE:KBDC last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Before you buy SpaceX shares, consider this alternative approach
SpaceX has confidentially filed for an IPO with the SEC, targeting a June 2026 listing at a valuation exceedin...
Weiss Ratings | Sponsoredtc pixel
Collect $1,170 a month from silver
I've Rarely Seen This With Silver This combination - 20% dividends + 68% share appreciation - never happens...
Investors Alley | Sponsoredtc pixel
Is this AI lab Elon’s SpaceX lifeline?
Elon Musk went from calling one AI lab 'evil' to striking a deal giving it access to SpaceX's entire Colossus ...
Chaikin Analytics | Sponsoredtc pixel
SpaceX just filed. The clock is ticking.
Reuters reports Elon Musk filed secretly. Barron's says it's being finalized behind closed doors. CNBC just re...
The Oxford Club | Sponsoredtc pixel
Millionaire trader: “Buy this before May 15.”
Hedge fund legend Larry Benedict - who beat the S&P 500 by 18 times in 2025 and generated $95 million for clie...
Brownstone Research | Sponsoredtc pixel
The system holding the dollar together is gone…
Saudi Arabia has terminated its 1974 petrodollar agreement with the United States - the deal that forced every...
Golden Portfolio | Sponsoredtc pixel
Musk's acquisition pattern points to ONE stock
Musk needed solar - he acquired SolarCity. Needed data - he bought Twitter. The pattern is clear: when a suppl...
Behind the Markets | Sponsoredtc pixel
Elon’s Biggest Launch Ever: 15x Bigger Than SpaceX
The Man Who Called Nvidia Before It Soared 1,000% Issues New Elon Musk BUY Alert Luke Lango was ranked Amer...
InvestorPlace | Sponsoredtc pixel