---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-270134"
form_type: "8-K"
ticker: "GSBD"
cik: "0001572694"
company_name: "Goldman Sachs BDC, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:41:32.140978+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GSBD Q3 NII $0.40/sh, NAV $12.75 (-2.1% QoQ); declares Q4 base $0.32 and supplemental $0.04

## Summary
- Net investment income per share $0.40 (adjusted NII $0.40); GAAP EPS $0.22; total investment income $91.6M.
- NAV per share declined 2.1% to $12.75 from $13.02; adjusted NAV $12.71 after supplemental dividend.
- Declared Q4 base dividend $0.32/sh payable Jan 27, 2026 (record Dec 31, 2025) and Q3 supplemental $0.04/sh payable Dec 15, 2025 (record Nov 28, 2025).
- New investment commitments $470.6M; funded $266.9M; net funded activity $(59.8)M after sales/repayments $374.4M.
- Non-accrual investments at 1.5% fair value (2.5% amortized cost); one new non-accrual (Specialty Dental Brands). Ending net debt/equity 1.17x vs 1.12x.

## SEC filing metadata
- accession: 0001193125-25-270134
- form_type: 8-K
- ticker: GSBD
- cik: 0001572694
- company_name: Goldman Sachs BDC, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1572694/000119312525270134/0001193125-25-270134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1572694/000119312525270134/d79700d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-270134
- JSON: https://secwatch.observer/filing/0001193125-25-270134.json
- Plain text: https://secwatch.observer/filing/0001193125-25-270134.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.