Goldman Sachs BDC Inc. (GSBD) is a closed-end management investment company focused on providing tailored debt and equity solutions to middle-market enterprises across the United States. Capitalizing on the extensive resources and expertise of Goldman Sachs, the firm aims to enhance shareholder value through a diversified portfolio that strategically balances risk and return. Committed to generating stable income through a disciplined distribution policy, GSBD actively seeks growth opportunities while emphasizing a robust risk management framework and fostering strategic industry partnerships to bolster its overall investment strategy.
| Revenue (TTM) | $340.18M |
| Gross Profit (TTM) | $340.18M |
| EBITDA | — |
| Operating Margin | 87.40% |
| Return on Equity | 4.07% |
| Return on Assets | 5.13% |
| Revenue/Share (TTM) | $3.00 |
| Book Value | $12.06 |
| Price-to-Book | 0.81 |
| Price-to-Sales (TTM) | 3.16 |
| EV/Revenue | 41.49 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | -37.20% |
| Quarterly Revenue Growth (YoY) | -8.00% |
| Shares Outstanding | $112.57M |
| Float | 0 |
| % Insiders | 0.17% |
| % Institutions | 47.41% |
Volatility is currently expanding
GSBD is rated a hold due to ongoing NAV declines and credit health concerns despite recent recovery efforts. GSBD's dividend coverage has improved post-cut, with an adjusted NII to dividend ratio around 115%, supporting the current base dividend. Management demonstrates sector expertise in software lending, proactively assessing AI risks and focusing on mission-critical, 'sticky' portfolio companies.
Goldman Sachs BDC, Inc. (GSBD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, GSBD's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Goldman Sachs BDC continues to exhibit below-average investment quality, with persistent portfolio shrinkage and elevated non-accruals. GSBD's Q2 dividend dropped 40% year-over-year, reflecting ongoing pressure from non-accrual loans and a contracting asset base. Despite a high 118.8% dividend coverage ratio in Q2'26, GSBD's non-accrual ratio remains the second-highest among peers, undermining investor confidence.
Goldman Sachs BDC remains a hold as portfolio growth and NAV continue to decline amid sector headwinds. GSBD's 14.1% dividend yield is well-covered by net investment income, with a 116% coverage rate and $0.89 per share in spillover income. New investment activity remains muted, with negative net funded investments and limited catalysts for near-term NAV or earnings growth.
Goldman Sachs BDC (GSBD) Q2 2026 Earnings Call Transcript
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GSBD”, the “Company”, “we”, “us”, or “our”) (NYSE: GSBD) today reported financial results for the second quarter ended June 30, 2026 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income per share for the quarter ended June 30, 2026 was $0.38. Excluding purchase discount amortization per share of $0.01 from the Merger, adjusted net investment income per share was $0.37 for the qua.
Goldman Sachs BDC (GSBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its second quarter ended June 30, 2026 financial results after the market closes on Thursday, August 6, 2026. GS BDC will also host an earnings conference call on Friday, August 7, 2026 at 9:00 am Eastern Time to discuss its financial results. All interested parties are invited to participate via telephone or the audio webcast, which will be hosted on the Investor Resources section of.
April net investment activity reached a multi-year low as rising stock valuations and BDC sector weakness prompted a cautious approach and selective BDC purchases. Focused April allocations on Ares Capital, Blue Owl Capital, and Hercules Capital, yielding a 7.5% average on new investments despite sector headwinds. Dividend income set a modest April record at $990, up 3% year-over-year, with BDCs contributing 27% of Q2 year-to-date dividends but facing potential further cuts.
There is a principle I have followed for 30 years in this business. When the smartest credit team on the planet starts aggressively buying a beaten-down asset class they understand better than anyone alive, you do not sit on your hands and debate whether the timing is perfect.
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on GSBD and any ticker you trade — then tracks every position and per-strategy win rate.
