Golub Capital BDC, Inc. (GBDC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 136.91M | 167.44M | 104.36M | 165.07M | 152.35M | 199.33M | 162.28M | 72.15M | 143.14M | 121.13M | 135.91M | 115.99M | 110.29M | 65.48M | 39.45M | 42.65M | 89.01M | 84.47M | 71.13M | 86.17M |
| Gross Margin % | 77.6% | 80.88% | 60.58% | 80.25% | 79.22% | 83.41% | 82.84% | 83.4% | 83.09% | 77.46% | 79.39% | 75.39% | 75.05% | 65.12% | 53.41% | 74.07% | 81.3% | 80.18% | 78.61% | 85.07% |
| Gross Profit Growth % | -10.14% | -16% | -35.69% | 128.78% | 6.44% | 64.55% | 19.4% | -37.8% | 29.79% | 85.01% | 244.55% | 171.95% | 23.9% | -22.48% | -44.54% | -50.5% | -6.3% | -14.13% | -27.49% | -40.67% |
| Operating Expenses | 119.59M | 5.3M | 8.22M | 5.76M | 5.36M | 5.3M | 4.55M | 3.95M | 3.87M | 3.93M | -8.53M | 3.6M | 3.09M | 3.49M | 2.08M | 3.49M | 2.8M | 3.05M | -1.05M | 3.28M |
| OpEx % of Revenue | 67.79% | 2.56% | 4.77% | 2.8% | 2.79% | 2.22% | 2.32% | 4.56% | 2.25% | 2.52% | -4.98% | 2.34% | 2.1% | 3.47% | 2.81% | 6.06% | 2.56% | 2.89% | -1.16% | 3.24% |
| Selling, General & Admin | 0 | 5.3M | 5.76M | 5.76M | 5.36M | 5.3M | 4.55M | 3.95M | 3.87M | 3.93M | -8.53M | 3.6M | 3.09M | 3.49M | 7.19M | 3.49M | 400K | 342K | 2.95M | 3.28M |
| SG&A % of Revenue | - | 2.56% | 3.34% | 2.8% | 2.79% | 2.22% | 2.32% | 4.56% | 2.25% | 2.52% | -4.98% | 2.34% | 2.1% | 3.47% | 9.73% | 6.06% | 0.37% | 0.32% | 3.26% | 3.24% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 17.32M | 162.13M | 96.14M | 159.31M | 146.99M | 194.02M | 157.73M | 68.2M | 139.27M | 117.2M | 144.44M | 112.39M | 107.2M | 61.99M | 37.37M | 39.17M | 86.21M | 81.42M | 72.18M | 82.89M |
| Operating Margin % | 9.82% | 78.32% | 55.81% | 77.45% | 76.43% | 81.19% | 80.52% | 78.84% | 80.84% | 74.95% | 84.37% | 73.06% | 72.95% | 61.65% | 50.59% | 68.02% | 78.74% | 77.28% | 79.77% | 81.83% |
| Operating Income Growth % | -88.22% | -16.44% | -39.05% | 133.57% | 5.55% | 65.55% | 9.2% | -39.32% | 29.92% | 89.08% | 286.54% | 186.97% | 24.34% | -23.87% | -48.23% | -52.75% | -5.59% | -13.79% | -23.74% | -41.68% |
| EBITDA | 14.27M | 162.13M | 96.14M | 158.07M | 145.24M | 197.62M | 153.77M | 67.11M | 140.63M | 116.54M | 178.7M | 112.39M | 107.2M | 27.72M | 37.37M | 39.17M | 86.21M | 81.42M | 72.18M | 82.89M |
| EBITDA Margin % | 8.09% | 78.32% | 55.81% | 76.85% | 75.52% | 82.7% | 78.5% | 77.57% | 81.64% | 74.53% | 104.39% | 73.06% | 72.95% | 27.57% | 50.59% | 68.02% | 78.74% | 77.28% | 79.77% | 81.83% |
| EBITDA Growth % | -90.17% | -17.96% | -37.48% | 135.55% | 3.28% | 69.57% | -13.95% | -40.29% | 31.19% | 320.41% | 378.24% | 186.97% | 24.34% | -65.95% | -48.23% | -52.75% | -5.59% | -13.79% | -23.74% | -41.68% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | 14.27M | 162.13M | 96.14M | 158.07M | 145.24M | 197.62M | 153.77M | 67.11M | 140.63M | 116.54M | 178.7M | 112.39M | 107.2M | 27.72M | 37.37M | 39.17M | 86.21M | 81.42M | 72.18M | 82.89M |
| Net Interest Income | 118.72M | 129.52M | 140.1M | -70.7M | -69.91M | -79.64M | -66.59M | -60.12M | -44.13M | -41.56M | 125.05M | 110.88M | 105.75M | 99.72M | 86.71M | 71.25M | 66.46M | 69.07M | 58.85M | 59.13M |
| Interest Income | 179.79M | 195.83M | 208M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 160.04M | 150.37M | 142.01M | 132.22M | 117.36M | 94.53M | 85.74M | 85.24M | 78.21M | 74.26M |
| Interest Expense | 61.07M | 66.31M | 67.91M | 70.7M | 69.91M | 79.64M | 66.59M | 60.12M | 44.13M | 41.56M | 34.99M | 39.49M | 36.26M | 32.5M | 30.66M | 23.28M | 19.27M | 16.17M | 19.36M | 15.13M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -46.8M | 65.31M | 96.14M | 89.85M | 78.84M | 110.79M | 95.1M | 9.19M | 93.78M | 76.3M | 152.8M | 72.03M | 59.16M | -8.59M | -10.04M | 15.89M | 86.21M | 63.58M | 71.63M | 82.89M |
| Pretax Margin % | -26.52% | 31.55% | 55.81% | 43.68% | 40.99% | 46.36% | 48.54% | 10.62% | 54.44% | 48.79% | 89.26% | 46.82% | 40.26% | -8.54% | -13.6% | 27.59% | 78.74% | 60.35% | 79.17% | 81.83% |
| Income Tax | 0 | 0 | -154K | -211K | -146K | -527K | -103K | -65K | 220K | 523K | 3.5M | -78K | 187K | -233K | 1.14M | -478K | -97K | -495K | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | -0.16% | -0.23% | -0.19% | -0.48% | -0.11% | -0.71% | 0.23% | 0.69% | 2.29% | -0.11% | 0.32% | 2.71% | -11.37% | -3.01% | -0.11% | -0.78% | 0% | 0% |
| Net Income | -46.8M | 65.31M | 96.29M | 90.06M | 78.98M | 111.31M | 95.2M | 9.25M | 93.56M | 75.78M | 149.3M | 72.11M | 58.97M | -8.35M | -11.19M | 16.37M | 86.31M | 64.08M | 71.63M | 82.89M |
| Net Margin % | -26.52% | 31.55% | 55.9% | 43.78% | 41.07% | 46.58% | 48.6% | 10.69% | 54.31% | 48.46% | 87.22% | 46.87% | 40.13% | -8.31% | -15.14% | 28.42% | 78.83% | 60.82% | 79.17% | 81.83% |
| Net Income Growth % | -159.25% | -41.33% | 1.15% | 873.39% | -15.58% | 46.9% | -36.24% | -87.17% | 58.65% | 1007.06% | 1434.85% | 340.61% | -31.67% | -113.04% | -115.61% | -80.26% | -5.48% | -32.15% | -24.31% | -41.68% |
| Net Income (Continuing) | -46.8M | 65.31M | 96.29M | 90.06M | 78.98M | 111.31M | 95.2M | 9.25M | 93.56M | 75.78M | 149.3M | 72.11M | 58.97M | -8.35M | -11.19M | 16.37M | 86.31M | 64.08M | 71.63M | 82.89M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.18 | 0.25 | 0.36 | 0.34 | 0.30 | 0.42 | 0.36 | 0.05 | 0.00 | 0.00 | 0.60 | 0.43 | 0.34 | 0.15 | 0.05 | 0.09 | 0.39 | 0.37 | 0.42 | 0.49 |
| EPS Growth % | -160% | -40.48% | 0% | 634.34% | - | - | -40% | -89.23% | -100% | -100% | 1102.4% | 377.25% | -12.82% | -59.46% | -88.12% | -81.61% | -29.09% | -33.93% | -26.32% | -47.31% |
| EPS (Basic) | -0.18 | 0.25 | 0.36 | 0.34 | 0.30 | 0.42 | 0.36 | 0.05 | 0.55 | 0.45 | 0.60 | 0.43 | 0.34 | 0.15 | 0.05 | 0.09 | 0.39 | 0.37 | 0.42 | 0.49 |
| Diluted Shares Outstanding | 262.68M | 263.68M | 266M | 266.84M | 266.48M | 264.34M | 263.26M | 199.97M | 170.64M | 169.65M | 170.32M | 169.98M | 170.84M | 170.9M | 170.67M | 170.9M | 170.87M | 170.05M | 169.17M | 168.25M |
| Basic Shares Outstanding | 262.68M | 263.68M | 266M | 266.84M | 266.48M | 264.34M | 263.26M | 199.97M | 170.64M | 169.65M | 170.32M | 169.98M | 170.84M | 170.9M | 170.67M | 170.9M | 170.87M | 170.05M | 169.17M | 168.25M |
| Dividend Payout Ratio | - | 129.36% | 90.6% | 92.54% | 113.1% | 97.29% | 146.03% | 817.13% | 68.23% | 78.83% | 37.61% | 61.74% | 73.85% | - | - | 240.35% | 43.28% | 59.76% | 50.05% | 42.36% |