GBDC
Golub Capital BDC, Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Sell
-35/100
Last price
12.15
▼ 0.23 (1.86%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
12.43
Prev close
12.38
Day high
12.43
Day low
12.18
Volume
2.17M
Market cap
$3.17B
P/E (TTM)
18.75
52W range
11.77 – 14.41
Day trading desk
Gap from prior close
+0.40%
Prior close 12.38
VWAP
12.22
-0.61% from price
Relative volume
3.33×
Unusually busy
Session range
3.95%
12.15 – 12.63
Position in range
0%
Near session low
ATR (14D)
0.21
1.76% of price
Prior day high
12.66
PDH
Prior day low
12.37
PDL
Bid / ask spread
—
Quote not published
Session volume
4.10M
Avg 1.23M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-3.64%
-5.6%
1M
-6.23%
-7.4%
3M
-4.39%
-8.9%
6M
-4.99%
-23.2%
YTD
-10.17%
-24.4%
1Y
-11.86%
-28.3%
3Y
-16.91%
-99.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on GBDC open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
3.62M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 7, 26 | GOLUB DAVID B Chief Executive Officer |
SELL | 1.68M | $21.89M | Indirect |
| Aug 7, 26 | GOLUB LAWRENCE E Director |
SELL | 1.68M | $21.89M | Indirect |
| May 27, 25 | GOLUB DAVID B Chief Executive Officer |
STOCK | 6.06M | $91.69M | Indirect |
| May 27, 25 | GOLUB LAWRENCE E Chairman of the Board |
STOCK | 6.06M | $91.69M | Indirect |
| May 27, 25 | GOLUB LAWRENCE E Chairman of the Board |
BUY | 6.06M | $91.69M | Indirect |
| May 27, 25 | GOLUB DAVID B Chief Executive Officer |
BUY | 6.06M | $91.69M | Indirect |
| May 27, 25 | GOLUB DAVID B Chief Executive Officer |
SELL | 6.06M | $91.69M | Indirect |
| May 27, 25 | GOLUB LAWRENCE E Chairman of the Board |
SELL | 6.06M | $91.69M | Indirect |
| Dec 20, 24 | WEBSTER WILLIAM M IV Director |
STOCK | 7.10K | $0 | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
GOLUB DAVID B |
Chief Executive Officer | — | Sale |
GOLUB LAWRENCE E |
Chairman of the Board | — | Sale |
WEBSTER WILLIAM M IV |
Director | — | Stock Gift |
Fundamentals
Market cap$3.17B
Enterprise value$7.68B
Revenue (TTM)$800.71M
Gross profit$800.71M
EBITDA—
Net income$171.75M
EPS (TTM)$0.65
Free cash flow$275.75M
Total cash$20.01M
Total debt$4.54B
Book value / share$14.25
Shares outstanding259.65M
Float—
Short % of float5.35%
Dividend yield10.83%
Beta (5Y)0.44
Valuation & profitability ratios
Trailing P/E18.75
Forward P/E9.60
PEG ratio1.40
Price / sales—
Price / book0.86
EV / revenue9.60
EV / EBITDA—
Gross margin100.00%
Operating margin77.88%
Profit margin21.45%
Return on equity4.46%
Return on assets4.45%
Debt / equity122.48
Current ratio0.14
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $407.83M | $272.57M | $277.05M | $165.28M | +49.6% |
| Operating revenue | $407.83M | $272.57M | $277.05M | $165.28M | +49.6% |
| Selling, general & admin | $22.18M | $16.30M | $14.84M | $12.52M | +36.1% |
| Total operating expense | $32.23M | -$1.79M | $14.84M | $10.61M | +1,900.3% |
| Pre-tax income | $375.61M | $274.36M | $262.21M | $154.67M | +36.9% |
| Tax provision | -$1.04M | $575.00K | $3.58M | $1.23M | -280.5% |
| Net income | $376.65M | $273.79M | $258.63M | $153.44M | +37.6% |
| Net income to common | $376.65M | $273.79M | $258.63M | $153.44M | +37.6% |
| Basic EPS | 1.42 | 1.36 | 1.52 | 0.90 | +4.4% |
| Diluted EPS | 1.42 | 1.36 | 1.52 | 0.90 | +4.4% |
| Basic shares | 266.00M | 201.26M | 170.32M | 170.67M | +32.2% |
| Diluted shares | 266.00M | 201.26M | 170.32M | 170.67M | +32.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $23.62M | $131.16M | $69.83M | $124.14M | -82.0% |
| Total assets | $8.98B | $8.70B | $5.73B | $5.68B | +3.2% |
| Total debt | $4.90B | $4.60B | $3.12B | $3.08B | +6.6% |
| Total liabilities | $5.00B | $4.69B | $3.19B | $3.14B | +6.5% |
| Retained earnings | -$48.82M | -$152.99M | -$99.20M | -$132.34M | +68.1% |
| Shareholder equity | $3.98B | $4.01B | $2.55B | $2.54B | -0.8% |
| Net tangible assets | $3.98B | $4.01B | $2.55B | $2.54B | -0.8% |
| Shares issued | 266.01M | 264.28M | 169.59M | 170.90M | +0.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $376.65M | $273.79M | $258.63M | $153.44M | +37.6% |
| Change in working capital | -$4.90M | $16.10M | -$32.19M | $33.10M | -130.4% |
| Operating cash flow | -$113.59M | $343.91M | $195.37M | -$416.46M | -133.0% |
| Share buybacks | -$77.83M | -$4.81M | -$63.79M | -$36.42M | -1,518.5% |
| Dividends paid | -$368.21M | -$338.19M | -$191.47M | -$155.21M | -8.9% |
| Financing cash flow | -$131.59M | -$124.24M | -$235.55M | $353.13M | -5.9% |
| Free cash flow | -$113.59M | $343.91M | $195.37M | -$416.46M | -133.0% |
| End cash position | $112.44M | $359.55M | $140.21M | $180.55M | -68.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $65.10M | -$39.28M | $73.22M | $104.36M | $95.61M | +265.7% |
| Operating revenue | $65.10M | -$39.28M | $73.22M | $104.36M | $95.61M | +265.7% |
| Selling, general & admin | $5.37M | $4.94M | $5.36M | $5.76M | $5.76M | +8.6% |
| Total operating expense | $8.09M | $7.51M | $7.97M | $8.22M | $5.76M | +7.7% |
| Pre-tax income | $57.01M | -$46.80M | $65.25M | $96.14M | $89.85M | +221.8% |
| Tax provision | $2.00K | $0 | $0 | -$154.00K | -$211.00K | — |
| Net income | $57.01M | -$46.80M | $65.25M | $96.29M | $90.06M | +221.8% |
| Net income to common | $57.01M | -$46.80M | $65.25M | $96.29M | $90.06M | +221.8% |
| Basic EPS | 0.22 | -0.18 | 0.25 | 0.36 | 0.34 | +222.2% |
| Diluted EPS | 0.22 | -0.18 | 0.25 | 0.36 | 0.34 | +222.2% |
| Basic shares | 260.45M | 262.68M | 263.68M | 266.35M | 266.84M | -0.8% |
| Diluted shares | 260.45M | 262.68M | 263.68M | 266.35M | 266.84M | -0.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $20.01M | $72.19M | $93.97M | $23.62M | $99.76M | -72.3% |
| Total assets | $8.34B | $8.53B | $8.89B | $8.98B | $9.24B | -2.2% |
| Total debt | $4.54B | $4.70B | $4.88B | $4.90B | $5.13B | -3.5% |
| Total liabilities | $4.63B | $4.78B | $4.98B | $5.00B | $5.24B | -3.1% |
| Retained earnings | -$248.44M | -$219.56M | -$86.32M | -$48.82M | -$207.87M | -13.2% |
| Shareholder equity | $3.70B | $3.75B | $3.91B | $3.98B | $4.00B | -1.2% |
| Net tangible assets | $3.70B | $3.75B | $3.91B | $3.98B | $4.00B | -1.2% |
| Shares issued | 260.03M | 261.15M | 263.38M | 266.01M | 266.38M | -0.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $57.01M | -$46.80M | $65.25M | $96.29M | $90.06M | +221.8% |
| Change in working capital | $16.20M | -$6.52M | $11.67M | -$11.26M | -$11.96M | +348.3% |
| Operating cash flow | $192.74M | $248.77M | $212.01M | $266.12M | -$200.42M | -22.5% |
| Share buybacks | -$29.42M | -$41.91M | -$54.18M | -$21.81M | -$54.89M | +29.8% |
| Dividends paid | -$70.84M | -$72.33M | -$84.48M | -$87.24M | -$83.34M | +2.1% |
| Financing cash flow | -$255.99M | -$273.93M | -$164.03M | -$332.31M | $132.68M | +6.6% |
| Free cash flow | $192.74M | $248.77M | $212.01M | $266.12M | -$200.42M | -22.5% |
| End cash position | $70.66M | $135.18M | $160.54M | $112.44M | $178.77M | -47.7% |
Options analytics
Put / call volume
0.01
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
2.50
-79.5% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
-6.2%
Calls bid over puts
Call volume
170
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
2.50
0 contracts
Heaviest put OI
2.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.33 | 0.33 | 0.0% |
| Mar 2026 | 0.36 | 0.33 | -9.5% |
| Dec 2025 | 0.38 | 0.37 | -1.6% |
| Sep 2025 | 0.38 | 0.38 | -1.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.33 | 6 | $187.63M | -13.9% |
| Next quarter | 0.32 | 5 | $186.85M | -9.7% |
| Current year | 1.37 | 6 | $773.16M | -11.2% |
| Next year | 1.27 | 6 | $742.91M | -3.9% |
Analyst targets & ownership
Mean target$13.63
High target$14.00
Low target$13.00
Implied upside12.14%
Analyst count6
ConsensusNONE
Strong buy / Buy2 / 4
Hold1
Sell / Strong sell0 / 0
Held by insiders1.40%
Held by institutions49.95%
Institutions holding361
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
12.48
-2.68% from price
SMA 20
12.54
-2.82% from price
SMA 50
12.85
-5.17% from price
SMA 100
12.88
-5.68% from price
SMA 200
12.94
-5.77% from price
EMA 12
12.50
-2.77% from price
EMA 26
12.62
-3.75% from price
EMA 50
12.75
-4.67% from price
RSI (14)
33.1
Neutral
MACD (12,26,9)
-0.13
Hist -0.01
ATR (14)
0.21
1.76% of price
Realised vol 30D
15.9%
Annualised
Bollinger upper
12.84
20, 2σ
Bollinger lower
12.24
20, 2σ
50 / 200 cross
Death
12.85 vs 12.94
Trend bias
Below 200
-5.77%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.57
Less volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
15.9%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-16.7%
Peak to trough
Max drawdown 5Y
-31.9%
Peak to trough
ATR 14
0.21
1.76% of price
Beta (reported)
0.44
5Y monthly, from filing
Short interest
Shares short
13.48M
Prior 12.48M
Change vs prior
+8.1%
Shorts adding
% of float
5.35%
Normal
% of shares out
5.19%
Against total outstanding
Days to cover
11.7
Crowded exit
Float
—
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 5, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| May 7, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Apr 17, 26 | RBC Capital | INITIATED | — | Outperform |
| Feb 6, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Feb 6, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jan 7, 26 | Wells Fargo | UPGRADE | Equal-Weight | Overweight |
| Nov 21, 25 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| May 12, 25 | B of A Securities | MAINTAINED | Buy | Buy |
| Apr 28, 25 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 8, 25 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Nov 21, 24 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Oct 29, 24 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
Dividends & splits
Forward rate$1.32 / yr
Forward yield10.83%
5-year avg yield9.16%
Payout ratio218.18%
Ex-dividend dateSep 14, 2026
Next pay dateSep 29, 2026
Last split1021:1000
Split dateApr 13, 2020
SEC filings
Fidelity bond filed pursuant to Rule 17g1(g)(1) of the Investment Company Act of 1940
40-17G · 2026-09-10
Corporate Changes & Voting Matters
8-K · 2026-08-11
Corporate Changes & Voting Matters
8-K · 2026-08-03
Corporate Changes & Voting Matters
8-K · 2026-07-09
Corporate Changes & Voting Matters
8-K · 2026-07-07
Corporate Changes & Voting Matters
8-K · 2026-05-27
Corporate Changes & Voting Matters
8-K · 2026-05-04
Corporate Changes & Voting Matters
8-K · 2026-04-06
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.