AI-extracted from the 10-Q filed 2026-08-03 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Golub Capital BDC's quarterly net investment income fell to $85.2M from $101.3M a year ago, as total investment income declined 14% and NAV per share dropped to $14.25 from $14.97 at September 30, 2025.
Biggest Revenue Drivers
Non-controlled/non-affiliate company investments$184.2M-15% YoY
Interest income of $164.8M and PIK interest of $14.4M from non-controlled/non-affiliate investments
Non-controlled affiliate company investments$3.4M+32% YoY
Interest income of $1.6M and PIK interest of $1.8M from non-controlled affiliate investments
Biggest Revenue Drivers
Total revenue: $187.7M-14% YoY
Non-controlled/non-affiliate company investments$184.2M-15% YoY
Interest income of $164.8M and PIK interest of $14.4M from non-controlled/non-affiliate investments
Non-controlled affiliate company investments$3.4M+32% YoY
Interest income of $1.6M and PIK interest of $1.8M from non-controlled affiliate investments
Controlled affiliate company investments$0.1M
PIK interest of $138K and fee income of $4K from controlled affiliate investments
Largest Expense Items
Interest and other debt financing expenses$61.0M-14% YoY
Lower interest and other debt financing expense versus prior year quarter ($70.7M)
Base management fee$20.7M-6% YoY
Incentive fee$15.4M-17% YoY
Margins: Net investment income declined to $85.2M from $101.3M, with total expenses falling to $102.5M from $117.1M, but investment income declined faster. Net realized and unrealized losses of $28.2M reduced net increase in net assets to $57.0M.
Watch Items from the Filing
Net asset value per common share fell to $14.25 at June 30, 2026 from $14.97 at September 30, 2025, and distributable losses widened to $(248.4)M.
Non-accrual positions include Covercraft Parent III, Titan Fitness, Elite Dental Partners and Wineshipping.com, among others, with several carried at deep discounts to cost.
Debt of $4.56B against net assets of $3.70B; non-qualifying assets represented 13.5% of total assets under the 1940 Act.
The Company repurchased 1,113,992 shares for $14.4M this quarter, reducing shares outstanding to 260.0M from 266.0M at September 30, 2025.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
6 transactions in GBDC reported by 2 members of Congress under the STOCK Act, most recent trade Jun 30, 2023. Reported transactions, not recommendations.
About GOLUB CAPITAL BDC, Inc. (GBDC): stock profile, AI score and financials
GOLUB CAPITAL BDC, Inc. (GBDC) stock profile, AI quality score, and SEC EDGAR financial data. 13F Pro's AI-powered ranking engine scores GBDC at 67.9/100 on a composite quality score built from its SEC filings, placing it at rank #339 of 2,925 stocks — the top 25% of the AI-ranked universe. GBDC scores in the top quartile across free cash flow (99.2), earnings quality (87.5). Top institutional holders of GBDC by reported 13-F value include STRS OHIO, HighTower Advisors, VAN ECK ASSOCIATES, based on the most recent SEC filings. GBDC trades on the Nasdaq exchange and files with the SEC under CIK 1476765. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GBDC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for GOLUB CAPITAL BDC, Inc. directly from SEC EDGAR.