---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-078362"
form_type: "8-K"
ticker: "GSBD"
cik: "0001572694"
company_name: "Goldman Sachs BDC, Inc."
filed_at: "2026-02-27T23:59:59+00:00"
generated_at: "2026-05-15T23:03:04.513123+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GSBD Q4 NII $0.37/share, NAV down 0.9%; declares $0.32 base and $0.03 supplemental dividends

## Summary
- Q4 2025 net investment income $42.2M ($0.37/share), down from $45.3M ($0.40) Q3; EPS $0.21.
- NAV per share fell 0.9% to $12.64 from $12.75; total investment income $86.1M, down 6%.
- Pluralsight placed on non-accrual; 9 portfolio companies on non-accrual (1.9% fair value).
- Q1 2026 base dividend $0.32/share payable April 28; Q4 2025 supplemental $0.03 payable March 20.
- Repurchased 1.54M shares for $15M; net debt/equity rose to 1.27x from 1.17x.

## SEC filing metadata
- accession: 0001193125-26-078362
- form_type: 8-K
- ticker: GSBD
- cik: 0001572694
- company_name: Goldman Sachs BDC, Inc.
- filed_at: 2026-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1572694/000119312526078362/0001193125-26-078362-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1572694/000119312526078362/d117783d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-078362
- JSON: https://secwatch.observer/filing/0001193125-26-078362.json
- Plain text: https://secwatch.observer/filing/0001193125-26-078362.txt

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