Golub Capital Bdc Inc
NASDAQ:GBDC
Income Statement
Earnings Waterfall
Golub Capital Bdc Inc
Income Statement
Golub Capital Bdc Inc
| Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue |
33
N/A
|
31
-6%
|
33
+5%
|
36
+9%
|
39
+10%
|
43
+8%
|
48
+12%
|
53
+10%
|
58
+10%
|
64
+11%
|
70
+9%
|
77
+11%
|
84
+9%
|
91
+8%
|
96
+6%
|
102
+6%
|
110
+8%
|
112
+2%
|
115
+3%
|
117
+2%
|
120
+2%
|
123
+3%
|
125
+2%
|
127
+1%
|
128
+1%
|
131
+3%
|
134
+2%
|
137
+2%
|
138
+0%
|
141
+2%
|
144
+2%
|
147
+2%
|
152
+4%
|
155
+2%
|
160
+3%
|
164
+2%
|
172
+5%
|
212
+23%
|
245
+16%
|
276
+13%
|
299
+8%
|
294
-2%
|
295
+0%
|
298
+1%
|
307
+3%
|
320
+4%
|
330
+3%
|
349
+6%
|
388
+11%
|
438
+13%
|
499
+14%
|
558
+12%
|
603
+8%
|
631
+5%
|
648
+3%
|
665
+3%
|
725
+9%
|
781
+8%
|
830
+6%
|
877
+6%
|
871
-1%
|
857
-2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(7)
|
(9)
|
(10)
|
(12)
|
(13)
|
(15)
|
(18)
|
(22)
|
(26)
|
(28)
|
(31)
|
(32)
|
(34)
|
(37)
|
(39)
|
(42)
|
(47)
|
(48)
|
(51)
|
(53)
|
(55)
|
(57)
|
(57)
|
(58)
|
(57)
|
(59)
|
(62)
|
(63)
|
(63)
|
(64)
|
(65)
|
(67)
|
(71)
|
(72)
|
(76)
|
(79)
|
(80)
|
(106)
|
(126)
|
(140)
|
(148)
|
(137)
|
(129)
|
(124)
|
(131)
|
(137)
|
(147)
|
(155)
|
(181)
|
(212)
|
(243)
|
(282)
|
(296)
|
(303)
|
(308)
|
(320)
|
(352)
|
(395)
|
(426)
|
(448)
|
(452)
|
(438)
|
|
| Gross Profit |
26
N/A
|
23
-12%
|
23
0%
|
24
+5%
|
27
+10%
|
28
+5%
|
30
+8%
|
31
+3%
|
32
+5%
|
36
+10%
|
39
+10%
|
45
+14%
|
50
+11%
|
54
+8%
|
57
+6%
|
60
+5%
|
62
+4%
|
64
+2%
|
64
+1%
|
64
+0%
|
65
+1%
|
66
+1%
|
69
+5%
|
69
+1%
|
71
+2%
|
72
+2%
|
72
-1%
|
74
+3%
|
75
+1%
|
76
+2%
|
79
+3%
|
80
+1%
|
82
+3%
|
83
+1%
|
84
+2%
|
85
+1%
|
92
+8%
|
106
+15%
|
119
+13%
|
137
+14%
|
151
+11%
|
158
+4%
|
167
+6%
|
174
+4%
|
176
+1%
|
182
+3%
|
183
+0%
|
195
+7%
|
207
+6%
|
227
+10%
|
256
+13%
|
276
+8%
|
308
+11%
|
328
+7%
|
340
+4%
|
345
+1%
|
373
+8%
|
386
+4%
|
404
+5%
|
429
+6%
|
419
-2%
|
419
0%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(10)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(10)
|
4
|
11
|
10
|
3
|
(13)
|
(22)
|
(22)
|
|
| Selling, General & Administrative |
(3)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(10)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(18)
|
(19)
|
(21)
|
(22)
|
(22)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
20
|
27
|
27
|
22
|
8
|
0
|
0
|
|
| Operating Income |
23
N/A
|
19
-17%
|
20
+1%
|
21
+6%
|
23
+10%
|
24
+5%
|
26
+8%
|
27
+3%
|
28
+5%
|
31
+12%
|
35
+11%
|
40
+15%
|
44
+12%
|
48
+8%
|
51
+6%
|
54
+6%
|
57
+4%
|
58
+3%
|
58
+1%
|
59
+0%
|
59
+1%
|
60
+1%
|
63
+5%
|
64
+1%
|
65
+3%
|
67
+3%
|
67
0%
|
69
+3%
|
70
+1%
|
71
+2%
|
73
+3%
|
74
+1%
|
76
+3%
|
77
+2%
|
79
+2%
|
80
+1%
|
86
+8%
|
99
+15%
|
111
+12%
|
127
+14%
|
139
+10%
|
145
+4%
|
154
+6%
|
161
+5%
|
164
+2%
|
170
+4%
|
171
+1%
|
183
+7%
|
194
+6%
|
213
+10%
|
242
+14%
|
262
+8%
|
293
+12%
|
313
+7%
|
330
+5%
|
349
+6%
|
384
+10%
|
396
+3%
|
407
+3%
|
416
+2%
|
397
-5%
|
396
0%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
3
|
4
|
3
|
4
|
(2)
|
(2)
|
1
|
(1)
|
4
|
4
|
1
|
3
|
2
|
4
|
3
|
3
|
9
|
8
|
11
|
13
|
12
|
17
|
10
|
9
|
4
|
1
|
8
|
7
|
13
|
14
|
14
|
15
|
6
|
2
|
(5)
|
(8)
|
(105)
|
(89)
|
(348)
|
(240)
|
(84)
|
(43)
|
269
|
203
|
173
|
137
|
109
|
30
|
(42)
|
(97)
|
(132)
|
(95)
|
(31)
|
(2)
|
16
|
(66)
|
(109)
|
(87)
|
(113)
|
(41)
|
(21)
|
(66)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
4
|
6
|
6
|
2
|
(0)
|
(2)
|
(2)
|
(4)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
26
N/A
|
24
-9%
|
23
-4%
|
25
+8%
|
21
-13%
|
22
+1%
|
27
+25%
|
26
-4%
|
32
+22%
|
35
+9%
|
36
+3%
|
43
+20%
|
47
+8%
|
52
+12%
|
54
+3%
|
58
+7%
|
65
+14%
|
66
+1%
|
70
+6%
|
72
+3%
|
71
-1%
|
76
+8%
|
73
-5%
|
73
N/A
|
69
-5%
|
68
-2%
|
74
+10%
|
76
+2%
|
82
+8%
|
85
+3%
|
87
+3%
|
89
+2%
|
82
-7%
|
79
-4%
|
74
-7%
|
71
-3%
|
(19)
N/A
|
10
N/A
|
(237)
N/A
|
(114)
+52%
|
55
N/A
|
102
+86%
|
422
+314%
|
363
-14%
|
341
-6%
|
310
-9%
|
286
-8%
|
219
-23%
|
155
-29%
|
116
-25%
|
108
-7%
|
165
+53%
|
259
+57%
|
309
+20%
|
344
+11%
|
280
-19%
|
273
-2%
|
309
+13%
|
294
-5%
|
375
+27%
|
376
+0%
|
330
-12%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
0
|
0
|
1
|
1
|
0
|
1
|
1
|
1
|
|
| Income from Continuing Operations |
26
|
24
|
23
|
25
|
21
|
22
|
27
|
26
|
32
|
35
|
36
|
43
|
47
|
52
|
54
|
58
|
65
|
66
|
70
|
72
|
71
|
76
|
73
|
73
|
69
|
68
|
74
|
76
|
82
|
85
|
87
|
89
|
82
|
79
|
74
|
71
|
(19)
|
10
|
(237)
|
(114)
|
55
|
102
|
422
|
363
|
340
|
309
|
285
|
217
|
153
|
116
|
108
|
165
|
259
|
309
|
344
|
280
|
274
|
309
|
295
|
376
|
377
|
331
|
|
| Net Income (Common) |
26
N/A
|
24
-9%
|
23
-4%
|
25
+8%
|
21
-13%
|
22
+1%
|
27
+25%
|
26
-4%
|
32
+22%
|
35
+9%
|
36
+3%
|
43
+20%
|
47
+8%
|
52
+12%
|
54
+3%
|
58
+7%
|
65
+14%
|
66
+1%
|
70
+6%
|
72
+3%
|
71
-1%
|
76
+8%
|
73
-5%
|
73
N/A
|
69
-5%
|
68
-2%
|
74
+10%
|
76
+2%
|
82
+8%
|
85
+3%
|
87
+3%
|
89
+2%
|
82
-7%
|
79
-4%
|
74
-7%
|
71
-3%
|
(19)
N/A
|
10
N/A
|
(237)
N/A
|
(114)
+52%
|
55
N/A
|
102
+86%
|
422
+314%
|
363
-14%
|
340
-6%
|
309
-9%
|
285
-8%
|
217
-24%
|
153
-29%
|
116
-24%
|
108
-7%
|
165
+54%
|
259
+57%
|
309
+19%
|
344
+11%
|
280
-19%
|
274
-2%
|
309
+13%
|
295
-5%
|
376
+27%
|
377
+0%
|
331
-12%
|
|
| EPS (Diluted) |
1.45
N/A
|
1.32
-9%
|
1.26
-5%
|
1.12
-11%
|
1.06
-5%
|
0.97
-8%
|
1.1
+13%
|
0.99
-10%
|
1.28
+29%
|
1.08
-16%
|
0.9
-17%
|
1.13
+26%
|
1.32
+17%
|
1.17
-11%
|
1.2
+3%
|
1.19
-1%
|
1.41
+18%
|
1.36
-4%
|
1.45
+7%
|
1.38
-5%
|
1.41
+2%
|
1.45
+3%
|
1.38
-5%
|
1.38
N/A
|
1.3
-6%
|
1.2
-8%
|
1.3
+8%
|
1.28
-2%
|
1.42
+11%
|
1.38
-3%
|
1.44
+4%
|
1.46
+1%
|
1.34
-8%
|
1.3
-3%
|
1.21
-7%
|
1.16
-4%
|
-0.29
N/A
|
0.07
N/A
|
-1.76
N/A
|
-0.74
+58%
|
0.37
N/A
|
0.61
+65%
|
2.52
+313%
|
2.17
-14%
|
2.03
-6%
|
1.83
-10%
|
1.67
-9%
|
1.27
-24%
|
0.9
-29%
|
0.68
-24%
|
0.63
-7%
|
0.97
+54%
|
1.52
+57%
|
1.82
+20%
|
2.03
+12%
|
1.4
-31%
|
1.36
-3%
|
1.17
-14%
|
1.12
-4%
|
1.41
+26%
|
1.42
+1%
|
1.24
-13%
|
|