Quarterly ResultMay 4, 2026, 04:08 PM
Golub Capital BDC Reports Q2 Net Loss of ($0.18) Per Share; NAV $14.35
AI Summary
Golub Capital BDC, Inc. announced a net loss of ($0.18) per share for its second fiscal quarter ended March 31, 2026, a decline from the previous quarter's earnings of $0.25 per share. Net asset value per share decreased to $14.35 from $14.84. The company declared a quarterly distribution of $0.33 per share and repurchased approximately 2.2 million shares for $27.8 million during the quarter. The net loss was primarily driven by unrealized depreciation from fair value adjustments due to credit spread widening.
Key Highlights
- Net loss per share for Q2 2026 was ($0.18), compared to earnings of $0.25 in Q1 2026.
- Net asset value per share decreased to $14.35 at March 31, 2026, from $14.84 at December 31, 2025.
- A quarterly distribution of $0.33 per share was declared, payable on June 29, 2026.
- The company repurchased 2,236,904 shares for $27.8 million at $12.43 per share in Q2 2026.
- Net investment income per share was $0.33 for Q2 2026, down from $0.37 in Q1 2026.
- Net realized and unrealized loss per share was ($0.51) for Q2 2026.
- Total investments at fair value decreased to $8,317.2 million from $8,639.2 million.
- The GAAP leverage ratio remained stable at 1.27x as of March 31, 2026.