Goldman Sachs BDC, Inc.
GSBD · Price history
Price at last available close
$8.77
−$0.69 (-7.29%) 1M
2026-10-27
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Company & revenue
About Goldman Sachs BDC, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Goldman Sachs BDC, Inc. functions as a business development company (BDC) with a specific focus on extending capital to privately held, middle-market enterprises, including mezzanine-level investments. Its core objective is to generate capital appreciation, primarily achieved by directly originating various debt instruments. These include both secured debt (such as senior, junior, first lien, first lien/last-out unitranche, and second lien facilities) and unsecured debt, notably mezzanine financing.
How they make money
Goldman Sachs BDC, Inc. is a specialty finance company that generates revenue primarily through interest and fee income earned on its portfolio of debt investments. It operates as a closed-end management investment company regulated as a business development company, utilizing capital to provide financing solutions to middle-market companies.
Products & services
The company provides senior secured loans, including first lien and unitranche loans, and other debt and equity investments to middle-market companies.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Middle-market companiesSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Investment advisory and administrative service providers — The company relies on affiliates of The Goldman Sachs Group, Inc. for investment management, administrative, and operational support services.Source
Business relationships & partnerships
- The Goldman Sachs Group, Inc. — The company operates under the management of Goldman Sachs Asset Management, L.P., an affiliate of The Goldman Sachs Group, Inc., which provides investment advisory and administrative services.Source
Strengths
- Affiliation with The Goldman Sachs Group, Inc. and access to its investment platformSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
42
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
49
Weak
Financial Strength
43
Business Quality / Moat
43
Management
40
Growth Quality
76
Risk / Durability
58
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
70
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
60/100
Building Historical Record
Model Score 60/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for GSBD
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can GSBD maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is GSBD's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is GSBD's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is GSBD's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
42
Opportunity Score
70
Market Cap
$987.2M
P/E Ratio
17.8
EPS
$0.51
52-Week High
$10.38
52-Week Low
$8.36
Beta
0.66
Intrinsic Value
$19.64
Analyst Target
$9.25
Shares Outstanding
115.6M
Total Revenue
$322.6M
Total Debt
$1.85B
Dividend Yield (TTM)
15.74%
Liquidation Value / Share
$11.75
Dividend / Share (TTM)
$1.38
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for GSBD
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on GSBD.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Affiliation with The Goldman Sachs Group, Inc. and access to its investment platform.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Asset Management industry.
- −Market and economic volatility affecting portfolio company performance.
- −Interest rate fluctuations impacting net investment income.
- −Credit risk associated with middle-market lending.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
41
Sep 28, 2026
Change
+0.1
points
Current Score
42
Oct 1, 2026
Category Changes
GSBD increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
37
Projected Change
-5.0 points
Preliminary comparable-period financial changes suggest decline of approximately 5.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$8.77
Model Intrinsic Value
$19.64
Difference
−$10.87
-55.3% vs IV
Margin of Safety
55.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $322.6M | $242.5M | $192.4M | $454.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $69.0M | $59.7M | $113.7M | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $253.6M | $182.8M | $78.7M | $454.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $5.7M | $7.9M | $10.4M | $91.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $104.8M | -$55.7M | $10.4M | $91.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $195.9M | $234.9M | $68.3M | $363.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $148.8M | $238.5M | $68.3M | $363.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $117.0M | $111.6M | $113.7M | $111.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $62.1M | $123.4M | $68.3M | $201.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $3.6M | $4.1M | $5.5M | $5.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $58.5M | $119.3M | $62.9M | $195.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.51 | $1.03 | $0.55 | $1.81 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 113M | 116M | 115M | 108M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 113M | 116M | 115M | 108M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$105.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.21
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+2.9%
Cash Change
-86.6%
Margin Change
-34.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth. Pressure indicators included EPS growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 52.6%. EPS declined 38.2%. Cash declined 86.6%. Total debt increased 2.9%. Net income margin declined by 34.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
3 SBIC & Commercial Finance Stocks to Buy on Improving Industry Trends
Best Income Stocks to Buy for September 30th
Goldman Sachs BDC, Inc. (NYSE:GSBD) Given Average Rating of “Reduce” by Analysts
Goldman Sachs BDC Is Getting Closer To A Buy
Rumor Mill · GSBD
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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