Goldman Sachs BDC Inc. (GSBD)
NYSE:GSBD
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.38Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: clear progress on portfolio transition and risk reduction (58% post-2022 originations performing well, ARR exposure reduced to under 10%, strong liquidity and successful capital markets execution) counterbalanced by near-term earnings and valuation pressure (NII down ~41% QoQ, NAV down ~3.7%, nonaccruals up to 4.7% concentrated in legacy assets). Management emphasized disciplined underwriting, active legacy workout efforts and the ability to reinvest at wider spreads, but material near-term headwinds and legacy credit issues temper optimism.Company Guidance
Share Repurchase Authorization
The Board approved a new 10b5-1 program authorizing up to $75 million of share repurchases, providing an additional capital return lever for shareholders.
Improved Mix of New Originations Performing In Line
58% of the portfolio consists of post-2022 originations (the firm’s current underwriting platform) and is performing in line with expectations with low losses; new vintage loans account for minimal nonaccruals and only one name represented under 0.5% of total nonaccrual at cost.
Significant Reduction in ARR Exposure
Annualized recurring revenue (ARR) loan exposure was reduced from nearly 39% of the portfolio at Q3 2022 fair value to under 10% today, signaling a shift to cash-flow–supported structures.
Strong Balance Sheet Liquidity and Capital Management
The company ended Q1 with ~$974 million of borrowing capacity under its revolving facility, no near-term unsecured maturities, a laddered bond schedule, and completed a $400 million three-year unsecured note issuance (5.1% coupon) that was 7.3x oversubscribed.
High Share of Senior Secured and First-Lien Investments
Total investments were $3.23 billion at fair value, comprised of 98.7% senior secured loans; during the quarter ~91.6% of originations were first-lien, reflecting a bias to top-of-capital-structure protection.
Active Portfolio Management Driving Repayments and Restructures
Repayments totaled $82.8 million in Q1 (over 53% from pre-2022 vintages); management also executed a favorable restructuring on a legacy position and received a full repayment at par on another subsequent to quarter end.
Dividend Maintained with Cushion from Undistributed Taxable Income
The Board declared a Q2 base dividend of $0.32 per share and the company retained approximately $94 million of remaining undistributed taxable net income to support dividends despite quarterly NII variability.
Ability to Reinvest at More Attractive Spreads
Management expects to be able to reinvest proceeds from recent exits into loans at wider spreads and more attractive risk-adjusted levels given current market dislocations and reduced competition on new deals.
GSBD Earnings History
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
GSBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $9.94 | $9.28 | -6.64% |
Feb 26, 2026 | $8.90 | $8.82 | -0.97% |
Nov 06, 2025 | $9.02 | $9.15 | +1.43% |
Aug 07, 2025 | $9.73 | $9.92 | +1.99% |
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 Goldman Sachs BDC Inc. (GSBD) report earnings?
Goldman Sachs BDC Inc. (GSBD) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Goldman Sachs BDC Inc. (GSBD) earnings time?
Goldman Sachs BDC Inc. (GSBD) earnings time is at Jul 30, 2026, 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 GSBD EPS forecast?
GSBD EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.