The earnings call highlighted strong financial performance, solid credit metrics, and effective cost management, indicating resilience and stability. However, challenges such as a decrease in NAV, a slight decline in investment income yield, and a muted M&A environment balance the positives, suggesting cautious optimism.

Company Guidance -

Q4 2025

During the earnings call for GBDC, the company reported a strong financial performance for the fiscal quarter ended June 30, 2025. Key metrics included an adjusted net investment income (NII) per share of $0.39, which equates to an adjusted NII return on equity of 10.4%, and an adjusted net income per share of $0.34, translating to an adjusted return on equity of 9.1%. The since-IPO internal rate of return for shareholders stood at 9.6% over 15 years. Despite facing $0.05 per share in adjusted net realized and unrealized losses, primarily from unrealized losses in underperforming borrowers, GBDC maintained robust credit performance with nearly 90% of its investment portfolio rated in the highest internal categories. The investment income yield was recorded at 10.6%, and the portfolio's nonaccrual status remained low at 60 basis points of the total investment portfolio, well below the BDC peer average. New investment commitments amounted to $557 million, with $411 million funded during the quarter, contributing to a 4% increase in the investment portfolio to just under $9 billion at fair value. A regular quarterly distribution of $0.39 per share was declared, reflecting an annualized dividend yield of 10.4%, while the net asset value (NAV) per share decreased by $0.04 to $15 due to net unrealized losses. The company ended the quarter with $950 million in liquidity, highlighting a strategic focus on maintaining financial flexibility and resilience in a challenging market environment.

Strong Adjusted NII and Return on Equity

Adjusted NII per share was $0.39, corresponding to an adjusted NII return on equity of 10.4%.

Solid Credit Performance

Nearly 90% of GBDC's investment portfolio at fair value remains in the highest performing internal rating categories. Nonaccrual status investments are at 60 basis points, below the BDC peer industry average.

Modest Portfolio Growth

GBDC's investment portfolio grew by 4% quarter-over-quarter to just under $9 billion at fair value.

Strong Liquidity Position

Ended the quarter with approximately $950 million of liquidity from unrestricted cash and undrawn commitments.

Effective Cost Management

Lower operating expenses due to GBDC's market-leading fee structure.

Golub Capital Bdc (GBDC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GBDC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 24, 2025	2025 (Q4)	0.39 / -	0.47	―	―	―
Aug 04, 2025	2025 (Q3)	0.39 / 0.39	0.48	-18.75% (-0.09)
May 05, 2025	2025 (Q2)	0.41 / 0.39	0.51	-23.53% (-0.12)
Feb 04, 2025	2025 (Q1)	0.43 / 0.39	0.5	-22.00% (-0.11)
Nov 19, 2024	2024 (Q4)	0.45 / 0.47	0.5	-6.00% (-0.03)
Aug 05, 2024	2024 (Q3)	0.48 / 0.48	0.44	9.09% (+0.04)
May 06, 2024	2024 (Q2)	0.51 / 0.51	0.42	21.43% (+0.09)
Feb 05, 2024	2024 (Q1)	0.48 / 0.50	0.37	35.14% (+0.13)
Nov 20, 2023	2023 (Q4)	0.47 / 0.50	0.33	51.52% (+0.17)
Aug 07, 2023	2023 (Q3)	0.42 / 0.44	0.34	29.41% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GBDC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$14.71	$14.79	+0.54%
May 05, 2025	$13.77	$13.83	+0.44%
Feb 04, 2025	$14.89	$14.55	-2.28%
Nov 19, 2024	$14.30	$14.01	-2.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Golub Capital Bdc (GBDC) report earnings?

Golub Capital Bdc (GBDC) is schdueled to report earning on Nov 24, 2025, After Close (Confirmed).

What is Golub Capital Bdc (GBDC) earnings time?

Golub Capital Bdc (GBDC) earnings time is at Nov 24, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GBDC EPS forecast?

GBDC EPS forecast for the fiscal quarter 2025 (Q4) is 0.39.

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