The earnings call revealed a portfolio that remains resilient despite a challenging macroeconomic environment, with a significant focus on maintaining strong credit quality and delivering shareholder returns through a revised dividend structure. However, the decrease in net asset value and portfolio yield, along with challenges in new M&A activity and some non-accrual issues, present notable concerns.

Company Guidance -

Q3 2025

During the Goldman Sachs BDC, Inc. first quarter 2025 earnings call, the company provided guidance on several key metrics. They reported a net investment income per share of $0.42 and a net asset value per share of $13.20, which marked a 1.6% decrease from the previous quarter, largely due to a $0.16 per share special dividend and net realized and unrealized losses. The Board declared a supplemental dividend of $0.05 per share and a base dividend of $0.32 per share, maintaining a special dividend of $0.16 per share. The GSBD portfolio, primarily composed of first lien loans (96.1%), demonstrated resilience with a weighted average yield of 10.8% and improved credit metrics, including a decrease in net debt to EBITDA to 5.8 times. The call also highlighted a strategic focus on service-based industries with minimal international supply chain exposure, and a continued emphasis on maintaining a competitive advantage through the Goldman Sachs investment banking franchise.

Resilient Portfolio Composition

96% of investments are in first lien risk with minimal exposure to international supply chains, indicating strong positioning in the capital stack and asset-light portfolio companies.

Dividend Structure and Shareholder Returns

The Board enacted a revised dividend structure with a base dividend of $0.32 per share and supplemental variable distributions, showing a commitment to shareholder returns.

Successful New Investment Activities

New investment commitments of approximately $87.8 million across 14 portfolio companies, with 100% in first lien loans, reflecting strong origination capabilities.

Decrease in Non-Accrual Investments

Investments on non-accrual status decreased to 1.9% of the total investment portfolio at fair value from 2% as of December 31, 2024, indicating improved asset quality.

Improved Credit Metrics

The weighted average net debt to EBITDA of portfolio companies decreased from 6.2 times to 5.8 times, and interest coverage improved from 1.8 times to 1.9 times, demonstrating financial health.

Goldman Sachs BDC (GSBD) 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

Daily Earnings Calendar >

GSBD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.39 / -	0.58	―	―	―
Aug 07, 2025	2025 (Q2)	0.39 / 0.38	0.59	-35.59% (-0.21)	―	―
May 08, 2025	2025 (Q1)	0.42 / 0.42	0.55	-23.64% (-0.13)
Feb 27, 2025	2024 (Q4)	0.49 / 0.48	0.56	-14.29% (-0.08)
Nov 07, 2024	2024 (Q3)	0.55 / 0.58	0.67	-13.43% (-0.09)
Aug 08, 2024	2024 (Q2)	0.52 / 0.59	0.59	0.00% (0.00)
May 07, 2024	2024 (Q1)	0.55 / 0.55	0.46	19.57% (+0.09)
Feb 28, 2024	2023 (Q4)	0.57 / 0.56	0.66	-15.15% (-0.10)
Nov 07, 2023	2023 (Q3)	0.57 / 0.67	0.6	11.67% (+0.07)
Aug 03, 2023	2023 (Q2)	0.55 / 0.59	0.49	20.41% (+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

GSBD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$10.15	$10.33	+1.77%
Feb 27, 2025	$11.77	$11.95	+1.53%
Nov 07, 2024	$11.60	$11.48	-1.03%
Aug 08, 2024	$12.33	$11.74	-4.79%

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 Nov 06, 2025, After Close (Confirmed).

What is Goldman Sachs BDC Inc. (GSBD) earnings time?

Goldman Sachs BDC Inc. (GSBD) earnings time is at Nov 06, 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 GSBD EPS forecast?

GSBD EPS forecast for the fiscal quarter 2025 (Q3) is 0.39.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing