KBDC (Kayne Anderson BDC, Inc.) Stock Financials & Earnings | Market Cap Arena

KBDC (Kayne Anderson BDC, Inc.) Stock Financials & Earnings | Market Cap Arena

KBDCKayne Anderson BDC, Inc.

Mkt Cap$958M

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

Revenue (TTM)$191M

Net Income (TTM)$94M

EPS (TTM)$1.42

Free Cash Flow (TTM)$95M

Gross Margin67.4%

Op. Margin60.6%

Net Margin49.0%

FCF Margin49.6%

P/S Ratio (TTM)5.0x

P/E Ratio (TTM)10.2x

YoY Rev Growth+5.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$32M	$21M	$19M
Q2 23	$35M	$22M	$21M
Q3 23	$28M	$15M	$14M
Q4 23	$38M	$24M	$23M
Q1 24	$44M	$30M	$28M
Q2 24	$41M	$29M	$31M
Q3 24	$48M	$33M	$38M
Q4 24	$48M	$33M	$36M
Q1 25	$40M	$23M	$23M
Q2 25	$44M	$27M	$25M
Q3 25	$46M	$27M	$25M
Q4 25	$61M	$52M	$43M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	10.5x	16.1x
Q2 23	8.3x	13.1x
Q3 23	7.8x	13.3x
Q4 23	7.2x	12.4x
Q1 24	6.6x	11.2x
Q2 24	6.3x	10.0x
Q3 24	5.6x	8.0x
Q4 24	5.3x	7.3x
Q1 25	5.4x	7.6x
Q2 25	5.3x	8.0x
Q3 25	5.4x	8.9x
Q4 25	5.0x	10.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$77M	-$77M
Q2 23	-$754K	-$754K
Q3 23	$14M	$14M
Q4 23	$25M	$25M
Q1 24	$325M	$325M
Q2 24	-$217M	-$217M
Q3 24	-$24M	-$24M
Q4 24	$21M	$21M
Q1 25	$20M	$20M
Q2 25	$16M	$16M
Q3 25	$26M	$26M
Q4 25	$33M	$33M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+165.6%	+261.9%
Q2 23	+214.7%	+284.2%
Q3 23	+37.2%	+137.7%
Q4 23	+35.7%	+52.1%
Q1 24	+39.9%	+34.9%
Q2 24	+17.7%	-29.4%
Q3 24	+68.7%	-28.6%
Q4 24	+28.9%	-16.9%
Q1 25	-10.4%	+2.3%
Q2 25	+7.5%	+93.0%
Q3 25	-3.3%	+105.1%
Q4 25	+26.6%	+49.6%

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	0.0%
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	$738K
Q2 23	$743K
Q3 23	$681K
Q4 23	$744K
Q1 24	$882K
Q2 24	$1M
Q3 24	$1M
Q4 24	$1M
Q1 25	$1M
Q2 25	$1M
Q3 25	$1M
Q4 25	$482K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$11M	$15M	$26M
Q2 23	$13M	$0	$13M
Q3 23	$12M	$0	$12M
Q4 23	$34M	$13M	$47M
Q1 24	$33M	$0	$33M
Q2 24	$20M	$0	$20M
Q3 24	$39M	$0	$39M
Q4 24	$22M	$0	$22M
Q1 25	$17M	$0	$17M
Q2 25	$14M	$0	$14M
Q3 25	$16.4B	$0	$16.4B
Q4 25	$18M	$0	$18M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	65M	+0.0%
Q2 23	65M	+0.0%
Q3 23	65M	+0.0%
Q4 23	71M	+9.4%
Q1 24	65M	-8.6%
Q2 24	71M	+9.4%
Q3 24	71M	-0.0%
Q4 24	71M	-0.1%
Q1 25	71M	+0.3%
Q2 25	71M	-0.5%
Q3 25	70M	-0.7%
Q4 25	70M	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 21	$88K	325
FY 22	$211K	325
FY 23	$407K	325
FY 24	$61M	3
FY 25	$79M	3