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Goldman Sachs BDC ( (GSBD) ) has issued an update.
Goldman Sachs BDC, Inc. reported fourth-quarter and full-year 2025 results on February 26, 2026, posting net investment income of $0.37 per share and an 11.7% annualized net investment income yield on book value, while net asset value per share slipped 0.9% to $12.64. The board declared a base dividend of $0.32 per share for the first quarter of 2026 and a $0.03 supplemental dividend tied to fourth-quarter 2025 earnings, alongside modest net investment growth, a higher net debt-to-equity ratio of 1.27x, increased use of payment-in-kind income, and continued non-accrual exposure in nine portfolio companies.
During the quarter ended December 31, 2025, Goldman Sachs BDC committed about $394.9 million in new investments, funded $230.2 million of those commitments, and recorded $251.6 million in sales and repayments, resulting in $69.5 million of net funded activity. The firm also refinanced its 2026 notes in January 2026 with borrowings under a revolving credit facility and a new $400 million unsecured 2029 bond, while repurchasing $15 million of its stock under a $75 million buyback plan, moves that reshape its capital structure and may support shareholder returns despite modest pressure on NAV and credit quality.
The most recent analyst rating on (GSBD) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Goldman Sachs BDC stock, see the GSBD Stock Forecast page.
Spark’s Take on GSBD Stock
According to Spark, TipRanks’ AI Analyst, GSBD is a Neutral.
The score is driven primarily by solid underlying financial performance (notably consistent cash generation) and attractive valuation (low P/E and very high yield). These positives are tempered by weaker technical positioning (price below major moving averages) and moderate credit/NAV risks noted in the earnings discussion and recent financing activity.
To see Spark’s full report on GSBD stock, click here.
More about Goldman Sachs BDC
Goldman Sachs BDC, Inc. is a publicly traded business development company focused on providing senior secured loans and other debt financing to middle-market portfolio companies across a diversified set of industries. As of December 31, 2025, its $3.26 billion investment portfolio was 98.4% senior secured debt, including 96.9% first-lien positions, spread across 171 companies in 40 sectors, and funded largely with unsecured borrowings.
Average Trading Volume: 1,477,045
Technical Sentiment Signal: Sell
Current Market Cap: $1.04B
For an in-depth examination of GSBD stock, go to TipRanks’ Overview page.