GSBDGoldman Sachs BDC, Inc.

$1B

Q4 2025 Earnings

Financial Services Asset Management

Income Statement

Revenue

$83M+19.2% YoY

Gross Profit

$71M85.6% margin

Operating Income

$54M64.9% margin

Net Income

$24M28.5% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

+49.1%

Cash Flow

Operating Cash Flow

-$187M

Free Cash Flow

-$187M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$2.0B

Stockholders' Equity

$1.4B

Cash & Equivalents

$43M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$83M	$70M	+19.2%
Gross Profit	$71M	$42M	+69.0%
Operating Income	$54M	$39M	+37.9%
Net Income	$24M	$38M	-36.8%

GSBD Q4 2025 Earnings — Goldman Sachs BDC, Inc. Revenue & Financial Results | Market Cap Arena