GSBD (Goldman Sachs BDC, Inc.) Stock Financials & Earnings | Market Cap Arena

GSBD (Goldman Sachs BDC, Inc.) Stock Financials & Earnings | Market Cap Arena

GSBDGoldman Sachs BDC, Inc.

Mkt Cap$1B

Financial Services·Asset Management·🇺🇸 United States·NYSE

Revenue (TTM)$305M

Net Income (TTM)$119M

EPS (TTM)$1.03

Free Cash Flow (TTM)-$105M

Gross Margin68.9%

Op. Margin46.7%

Net Margin39.1%

FCF Margin-34.3%

P/S Ratio (TTM)3.5x

P/E Ratio (TTM)8.8x

YoY Rev Growth+58.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$57M	$29M	$29M
Q2 23	$97M	$69M	$67M
Q3 23	$84M	$55M	$53M
Q4 23	$82M	$54M	$52M
Q1 24	$74M	$46M	$44M
Q2 24	-$22M	-$51M	-$53M
Q3 24	$71M	$41M	$39M
Q4 24	$70M	$42M	$39M
Q1 25	$97M	$69M	$23M
Q2 25	$69M	$42M	$40M
Q3 25	$56M	$28M	$26M
Q4 25	$83M	$71M	$54M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	7.5x	24.6x
Q2 23	5.2x	11.7x
Q3 23	3.9x	7.1x
Q4 23	3.3x	5.4x
Q1 24	3.1x	5.0x
Q2 24	4.8x	11.7x
Q3 24	5.1x	13.9x
Q4 24	5.5x	16.8x
Q1 25	4.9x	20.3x
Q2 25	3.4x	7.2x
Q3 25	3.6x	7.9x
Q4 25	3.5x	8.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$45M	$0
Q2 23	$44M	$0
Q3 23	$50M	$50M
Q4 23	$48M	$48M
Q1 24	$31M	$31M
Q2 24	$59M	$59M
Q3 24	$34M	$34M
Q4 24	$76M	$76M
Q1 25	$44M	$44M
Q2 25	$18M	$18M
Q3 25	$20M	$20M
Q4 25	-$187M	-$187M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$45M
Q2 23	$44M
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+9.9%	+165.8%
Q2 23	+187.4%	+110.3%
Q3 23	+385.2%	+26.8%
Q4 23	+144.4%	+8.2%
Q1 24	+29.8%	+9.4%
Q2 24	-122.4%	+5.5%
Q3 24	-15.5%	+4.6%
Q4 24	-15.2%	+1.7%
Q1 25	+31.8%	+147.8%
Q2 25	+418.3%	-9.1%
Q3 25	-21.1%	-5.4%
Q4 25	+19.2%	-4.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	—
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$2M
Q2 23	$2M
Q3 23	$2M
Q4 23	$2M
Q1 24	$2M
Q2 24	$2M
Q3 24	$3M
Q4 24	$3M
Q1 25	$2M
Q2 25	$2M
Q3 25	$2M
Q4 25	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$47M	$0	$47M
Q2 23	$42M	$0	$42M
Q3 23	$77M	$0	$77M
Q4 23	$52M	$0	$52M
Q1 24	$52M	$0	$52M
Q2 24	$62M	$0	$62M
Q3 24	$53M	$0	$53M
Q4 24	$62M	$0	$62M
Q1 25	$83M	$0	$83M
Q2 25	$108M	$0	$108M
Q3 25	$115M	$0	$115M
Q4 25	$43M	$0	$43M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	105M	+1.7%
Q2 23	109M	+4.7%
Q3 23	110M	+0.1%
Q4 23	110M	+0.0%
Q1 24	110M	+0.5%
Q2 24	114M	+3.9%
Q3 24	117M	+2.3%
Q4 24	115M	-1.9%
Q1 25	117M	+2.3%
Q2 25	117M	-0.1%
Q3 25	114M	-2.4%
Q4 25	116M	+1.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	$127K	500
FY 16	$124K	500
FY 17	$151K	500
FY 18	$177K	500
FY 19	$159K	500
FY 20	$373K	500
FY 21	$458K	500
FY 22	$272K	500
FY 23	$910K	500
FY 24	$385K	500
FY 25	$485K	500