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    BBDC

    Barings BDC, Inc.

    Company overview

    Market capitalization
    $904.67M
    Employees
    0
    Latest publication
    2026-09-29
    About Barings BDC, Inc.

    Barings BDC, Inc. is a publicly traded Real Estate, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries. It specializes in mezzanine, leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. It invests in manufacturing and distribution; business services and technology; transportation and logistics; consumer product and services. It invests in United States. It invests in companies with EBITDA of $10 million to $75 million, typically in private equity sponsor backed. The firm prefers to invest in companies having maximum revenue of $200 million and having EBITDA value between $10 million and $75 million.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Revenue181,116,000USD—425,436,000USD274,620,000USD122,362,000USD641,752,000USD422,926,000USD42,872,000USD
    Total Operating Expenses34,266,000USD38,711,000USD37,453,000USD43,780,000USD37,647,000USD39,243,000USD39,633,000USD2,343,000USD
    Income Before Tax26,300,000USD29,258,000USD34,951,000USD30,618,000USD26,791,000USD31,382,000USD31,218,000USD19,755,000USD
    Cost Of Revenue———————20,774,000USD
    Gross Profit———————22,098,000USD
    Selling General Administrative———————2,343,000USD
    Operating Income———————19,755,000USD
    Interest Income———————59,383,000USD
    Interest Expense———————20,774,000USD
    Net Interest Income———————38,609,000USD
    Income Tax Expense———————315,000USD
    Tax Provision———————315,000USD
    Net Income———————19,440,000USD
    Net Income From Continuing Ops———————19,440,000USD
    Ebit———————102,582,000USD
    Ebitda———————19,755,000USD
    Depreciation And Amortization———————-63,231,000USD
    Total Other Income Expense Net———————-43,476,000USD
    SourceDisclosurePreliminaryDisclosurePreliminaryDisclosurePreliminaryDisclosurePreliminaryDisclosurePreliminaryDisclosurePreliminaryDisclosurePreliminaryLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Revenue248,837,000USD209,103,000USD289,201,000USD16,004,000USD86,788,953USD17,160,672USD65,712,485USD80,223,625USD
    Cost Of Revenue64,697,000USD85,516,000USD64,694,999USD36,080,000USD34,258,690USD39,973,000USD80,284,347,000USD80,417,099,362USD
    Gross Profit184,140,000USD123,587,000USD289,201,000USD16,004,000USD86,788,953USD-22,812,328USD-80,218,634,515USD80,223,625USD
    Selling General Administrative7,815,000USD9,832,000USD74,679,000USD9,917,000USD9,095,185USD5,793,880USD6,441,095USD18,909,555USD
    Unclassified Operating Expenses-35,636,000USD————3,089,109USD——
    Total Operating Expenses-27,821,000USD9,832,000USD74,679,000USD9,917,000USD9,095,185USD8,930,989USD7,180,521USD28,797,016USD
    Operating Income211,961,000USD113,755,000USD214,522,000USD62,952,000USD77,693,768USD8,229,683USD58,531,964USD51,426,609USD
    Interest Income210,344,000USD228,142,000USD238,883,000USD174,002,000USD113,435,974USD66,947,829USD73,486,781USD74,160,168USD
    Interest Expense85,080,000USD85,516,000USD84,711,000USD56,865,000USD33,013,665USD19,812,711USD26,100,941USD23,887,331USD
    Net Interest Income125,264,000USD142,626,000USD154,172,000USD117,137,000USD80,422,309USD47,135,118USD47,385,840USD50,272,837USD
    Income Before Tax105,805,000USD113,755,000USD129,685,000USD6,087,000USD77,693,768USD8,229,683USD58,531,964USD-115,214,308USD
    Income Tax Expense3,881,000USD3,466,000USD1,686,000USD1,406,000USD8,339USD52,890USD340,330USD-932,172USD
    Tax Provision3,881,000USD3,466,000USD1,686,000USD1,406,000USD8,339USD52,890USD340,330USD-932,172USD
    Net Income101,924,000USD110,289,000USD127,999,000USD4,681,000USD77,685,429USD8,176,793USD58,191,634USD-114,282,136USD
    Net Income From Continuing Ops101,924,000USD110,289,000USD127,999,000USD141,296,000USD77,685,429USD8,176,793USD58,191,634USD-114,282,136USD
    Ebitda190,885,000USD113,755,000USD214,522,000USD184,819,000USD60,417,869USD18,391,009USD58,531,964USD51,454,023USD
    Total Other Income Expense Net-106,156,000USD-76,745,000USD-84,837,000USD-56,865,000USD-33,013,665USD39,973,000USD-26,100,941USD-166,640,917USD
    Research Development——1USD0USD1USD0USD1USD—
    Ebit——223,625,000USD62,952,000USD77,693,768USD8,229,683USD58,531,964USD51,426,609USD
    Depreciation And Amortization——-214,522,000USD121,867,000USD-17,275,899USD10,161,326USD27,414USD27,414USD
    Non Operating Income Net Other———25,029,000USD————
    Net Income Applicable To Common Shares———141,296,000USD77,685,429USD8,176,793USD58,191,634USD-114,282,136USD
    Selling And Marketing Expenses—————48,000USD442,238USD9,887,461USD
    Reconciled Depreciation—————0USD0USD27,414USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Assets2,600,116,000USD2,636,383,000USD2,821,892,000USD2,793,307,000USD2,791,309,000USD2,695,660,000USD2,605,078,000USD2,603,643,000USD
    Total Liabilities1,446,666,000USD1,475,701,000USD1,655,097,000USD1,617,463,000USD1,602,506,000USD1,505,306,000USD1,410,637,000USD1,401,767,000USD
    Total Stockholder Equity1,153,450,000USD1,160,682,000USD1,166,795,000USD1,175,844,000USD1,188,803,000USD1,190,354,000USD1,194,441,000USD1,201,876,000USD
    Total Equity Including Noncontrolling Interest1,153,450,000USD1,160,682,000USD1,166,795,000USD1,175,844,000USD1,188,803,000USD1,190,354,000USD1,194,441,000USD1,201,876,000USD
    Common Stock104,000USD104,000USD105,000USD105,000USD105,000USD105,000USD106,000USD106,000USD
    Retained Earnings-709,488,000USD-702,256,000USD-677,948,000USD-668,899,000USD-656,828,000USD-656,728,000USD-655,149,000USD-649,672,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets2,636,383,000USD2,695,660,000USD2,677,453,000USD2,709,957,000USD2,160,906,000USD1,677,038,745USD1,252,634,838USD1,167,577,075USD
    Total Liabilities1,475,701,000USD1,505,306,000USD1,480,894,000USD—————
    Total Stockholder Equity1,160,682,000USD1,190,354,000USD1,196,559,000USD1,192,329,000USD741,931,000USD717,804,524USD570,874,709USD562,967,287USD
    Total Equity Including Noncontrolling Interest1,160,682,000USD1,190,354,000USD1,196,559,000USD—————
    Common Stock104,000USD105,000USD106,000USD108,000USD65,000USD65,316USD48,951USD51,284USD
    Retained Earnings-702,256,000USD-656,728,000USD-658,004,000USD-663,754,000USD-285,821,000USD-309,967,839USD-282,940,612USD-321,978,246USD
    Other Current Assets———-202,125,000USD3,356,000USD2,014,558USD-169,081,293USD4,123,742USD
    Total Liab———1,517,628,000USD1,418,975,000USD959,234,221USD681,760,129USD604,609,788USD
    Deferred Long Term Liab———3,224,000USD2,984,872USD4,110,564USD5,366,119USD251,908USD
    Other Current Liab———-44,171,000USD26,785,226USD4,107,827USD-12,607,236USD-34,910,788USD
    Capital Stock———108,000USD65,316USD65,316USD48,951USD51,284USD
    Other Liab———35,565,000USD26,785,566USD1,548,578USD4,924,150USD28,533,014USD
    Other Assets———4,303,000USD7,282,255USD1,677,038,745USD6,478,678USD4,375,650USD
    Cash———139,415,000USD84,253,000USD88,999,125USD21,991,565USD12,426,982USD
    Cash And Short Term Investments———139,415,000USD84,253,000USD88,999,125USD21,991,565USD12,426,982USD
    Total Current Assets———202,125,000USD340,986,000USD160,043,908USD72,512,353USD45,469,422USD
    Total Current Liabilities———44,171,000USD34,831,000USD9,813,295USD12,607,236USD604,609,788USD
    Current Deferred Revenue———-1,403,951,000USD-26,785,566USD-934,183,078USD-94,592,764USD-28,533,014USD
    Net Debt———1,308,707,000USD1,288,492,000USD854,997,248USD647,161,328USD1,127,573,018USD
    Short Term Debt———1,448,122,000USD1,372,745,552USD943,996,373USD107,200,000USD570,000,000USD
    Short Long Term Debt Total———2,183,777,000USD1,372,745,000USD943,996,373USD776,352,890USD1,140,000,000USD
    Long Term Debt———735,655,000USD——669,152,890USD570,000,000USD
    Long Term Investments———54,594,000USD1,850,260,330USD1,539,232,058USD1,173,643,807USD1,121,855,745USD
    Short Term Investments———2,448,900USD1,490,112,663USD65,558,227USD96,568,940USD45,223,941USD
    Net Receivables———62,710,000USD253,377,000USD69,030,225USD50,520,788USD28,918,698USD
    Accounts Payable———44,171,000USD34,831,000USD9,813,295USD12,607,236USD34,609,788USD
    Accumulated Other Comprehensive Income———0USD0USD0USD570,874,709USD0USD
    Common Stock Shares Outstanding———102,911,986shares65,316,085shares48,575,139shares50,185,300shares49,897,085shares
    Non Current Assets Total———2,503,529,000USD1,819,920,000USD1,516,994,837USD1,173,643,807USD1,122,107,653USD
    Non Current Liabilities Total———44,171,000USD1,384,144,000USD949,420,926USD669,152,893USD570,000,000USD
    Non Current Liabilities Other———36,242,000USD————
    Non Currrent Assets Other———-2,709,957,000USD1,803,579,000USD1,503,394,837USD-1,252,634,838USD251,908USD
    Net Tangible Assets———1,192,329,000USD741,930,763USD717,804,524USD570,874,709USD562,967,287USD
    Unclassified Current Assets———-2,448,900USD-1,490,112,663USD-65,558,228USD-96,568,941USD-45,223,942USD
    Unclassified Non Current Assets———2,444,632,000USD-1,841,201,585USD-3,202,670,803USD——
    Unclassified Current Liabilities———-1,448,122,000USD-1,399,530,778USD-948,104,200USD-214,400,000USD-570,000,000USD
    Unclassified Non Current Liabilities———-766,515,000USD1,354,373,562USD943,761,784USD-10,290,266USD-28,784,922USD
    Unclassified Equity———1,855,867,000USD1,027,621,684USD1,027,641,731USD282,842,710USD884,842,965USD
    Inventory—————1USD1USD1USD
    Short Long Term Debt——————107,200,000USD570,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Change To Liabilities-4,820,000USD———-3,328,000USD———
    Change In Working Capital-4,526,000USD3,921,000USD-3,829,000USD-3,823,000USD-3,123,000USD6,535,000USD-2,612,000USD-518,000USD
    Operating Cash Flow67,961,000USD———-7,752,000USD———
    Net Common Stock Issuance0USD———-1,451,000USD———
    Common Dividends Paid-27,223,000USD———-32,676,000USD———
    Unclassified Financing Cash Flow-11,839,000USD———51,156,000USD—13,029,000USD-88,539,000USD
    Financing Cash Flow-39,062,000USD———17,029,000USD———
    Change In Cash28,899,000USD-16,426,000USD33,945,000USD-51,355,000USD9,277,000USD25,345,000USD-18,369,000USD20,250,000USD
    End Cash Flow95,679,000USD———100,616,000USD———
    Net Income—25,238,000USD23,551,000USD20,559,000USD—24,828,000USD22,020,000USD19,440,000USD
    Depreciation—1,624,000USD1,271,000USD1,197,000USD——4,827,000USD1,210,000USD
    Other Non Cash Items—173,744,000USD-3,245,000USD-70,643,000USD—-76,520,000USD167,000USD119,390,000USD
    Change To Account Receivables—-1,714,000USD2,722,000USD-4,883,000USD—-641,000USD-5,567,000USD3,896,000USD
    Total Cash From Operating Activities—204,527,000USD16,477,000USD-52,710,000USD—-45,157,000USD19,575,000USD138,312,000USD
    Capital Expenditures—0USD0USD0USD—0USD0USD0USD
    Free Cash Flow—204,527,000USD16,477,000USD-52,710,000USD—-45,157,000USD19,575,000USD138,312,000USD
    Total Cashflows From Investing Activities—172,979,000USD-1,588,000USD-89,676,000USD—-72,660,000USD4,540,000USD97,552,000USD
    Net Borrowings—-187,922,000USD55,315,000USD34,873,000USD—106,000,000USD-13,029,000USD—
    Total Cash From Financing Activities—-220,953,000USD17,468,000USD1,355,000USD—70,502,000USD-42,484,000USD-118,062,000USD
    Dividends Paid—-27,341,000USD-32,600,000USD-32,630,000USD—-27,446,000USD-27,497,000USD-27,532,000USD
    Sale Purchase Of Stock—-4,010,000USD0USD-888,000USD—-1,469,000USD-1,958,000USD-1,908,000USD
    Begin Period Cash Flow—83,206,000USD49,261,000USD100,616,000USD—65,994,000USD84,363,000USD64,113,000USD
    End Period Cash Flow—66,780,000USD83,206,000USD49,261,000USD—91,339,000USD65,994,000USD84,363,000USD
    Other Cashflows From Financing Activities—-1,680,000USD-5,247,000USD——-6,583,000USD-13,029,000USD-83,000USD
    Unclassified Investing Cash Flow—172,979,000USD43,294,000USD-224,234,000USD—-140,780,000USD4,540,000USD195,104,000USD
    Other Cashflows From Investing Activities——-44,882,000USD134,558,000USD—68,120,000USD—-97,552,000USD
    Unclassified Operating Cash Flow——-1,271,000USD———-4,827,000USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Change To Liabilities-24,000USD2,048,000USD8,710,000USD-7,756,000USD84,463USD3,890,759USD-159,256USD-6,665,600USD
    Change In Working Capital740,000USD1,845,000USD8,248,000USD-23,632,000USD-11,118,568USD-1,588,531USD5,400,697USD-18,174,191USD
    Operating Cash Flow160,542,000USD122,161,000USD76,944,000USD—————
    Net Common Stock Issuance-6,349,000USD-6,442,000USD-14,772,000USD—————
    Common Dividends Paid-125,247,000USD-110,052,000USD-108,997,000USD—————
    Unclassified Financing Cash Flow-53,505,000USD15,144,000USD-22,062,000USD-244,657,000USD-953,625,649USD-701,353,478USD-669,027,502USD99,839,845USD
    Financing Cash Flow-185,101,000USD-101,350,000USD-145,831,000USD—————
    Change In Cash-24,559,000USD20,811,000USD-68,887,000USD55,162,000USD-8,233,861USD70,495,896USD9,564,583USD-179,422,715USD
    End Cash Flow66,780,000USD91,339,000USD70,528,000USD—————
    Net Income———4,681,000USD77,685,429USD8,176,793USD58,191,634USD-114,282,136USD
    Depreciation———121,867,000USD-21,922,184,000USD8,355,354,000USD-33,372,486,000USD27,414USD
    Other Non Cash Items———-16,649,000USD21,459,064,703USD-8,580,072,749USD33,277,389,193USD23,134,075USD
    Change To Account Receivables———-14,597,000USD-14,472,228USD-4,022,690USD747,340USD-5,991,755USD
    Change To Inventory———14,597,000USD14,472,228USD4,022,690USD-747,340USD32,331,119USD
    Total Cash From Operating Activities———86,267,000USD-396,552,436USD-218,130,487USD-31,504,476USD-198,287,307USD
    Capital Expenditures———0USD0USD0USD0USD0USD
    Free Cash Flow———86,267,000USD-396,552,436USD-218,130,487USD-31,504,476USD-198,287,307USD
    Total Cashflows From Investing Activities———-120,877,000USD-451,632,186,000USD-262,348,136,000USD-75,164,693,000USD31,499USD
    Net Borrowings———96,596,000USD449,151,614USD167,502,162USD99,646,553USD-2,603,253USD
    Total Cash From Financing Activities———-31,105,000USD388,318,575USD288,626,383USD41,069,059USD18,833,093USD
    Dividends Paid———-93,726,000USD-53,559,190USD-31,325,222USD-26,927,706USD-21,074,312USD
    Sale Purchase Of Stock———-32,105,000USD-2,106,000USD-7,130,632USD-23,356,506USD-51,002,289USD
    Issuance Of Capital Stock———0USD0USD160,354,027USD0USD99,839,845USD
    Begin Period Cash Flow———84,253,000USD92,487,461USD21,991,565USD12,426,982USD191,849,697USD
    End Period Cash Flow———139,415,000USD84,253,600USD92,487,461USD21,991,565USD12,426,982USD
    Cash And Cash Equivalents Changes———499,418,000USD————
    Other Cashflows From Financing Activities———242,787,000USD948,457,800USD860,933,553USD660,734,220USD-6,326,898USD
    Unclassified Investing Cash Flow———-120,877,000USD-451,632,186,000USD-262,348,136,000USD-75,164,693,000USD-992,357,954,499USD
    Investments—————0USD0USD31,499USD
    Stock Based Compensation———————14,229,633USD
    Other Cashflows From Investing Activities———————992,357,954,499USD
    Unclassified Operating Cash Flow———————-103,222,102USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Change To Liabilities-2,702,000USD723,000USD-1,083,000USD-6,984,000USD
    Change In Working Capital-1,971,000USD2,005,000USD-1,340,000USD-6,356,000USD
    Operating Cash Flow-43,985,000USD-60,462,000USD167,318,000USD143,203,000USD
    Net Common Stock Issuance-2,339,000USD-2,339,000USD-4,973,000USD-3,015,000USD
    Common Dividends Paid-97,906,000USD-65,306,000USD-82,606,000USD-55,109,000USD
    Unclassified Financing Cash Flow136,097,000USD86,029,000USD-84,273,000USD-71,244,000USD
    Financing Cash Flow35,852,000USD18,384,000USD-171,852,000USD-129,368,000USD
    Change In Cash-8,133,000USD-42,078,000USD-4,534,000USD13,835,000USD
    End Cash Flow83,206,000USD49,261,000USD65,994,000USD84,363,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.