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Golub Capital GBDC Investment expenses

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Other financials

Income statement

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Net income-$46.8M-159%
EPS (diluted)-$0.18-160%

Balance sheet

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Cash & equivalents$135.2M-45.1%
Total debt$4.7B-2.2%
Total equity$3.7B-7.3%
Total assets$8.5B-4.7%

Cash flow

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Operating cash flow$248.8M

Valuation

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Market cap$3.42B-13.5%
Enterprise value$7.99B-10.3%
P/E16.7×+6.2×

Returns & leverage

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Return on equity5.3%-3.6pp
Debt / equity1.3×+0.1×

Where this comes from

Reported directly by Golub Capital in its filing.

Tagged under the XBRL concept us-gaap:InvestmentIncomeInvestmentExpense.

The source filing: Golub Capital’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:44 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0001476765-26-000033
Line itemThree months ended March 31, 2026Three months ended March 31, 2025Six months ended March 31, 2026Six months ended March 31, 2025
Administrative service fee2,9393,1856,1196,087
Professional fees1,6271,7653,4123,605
General and administrative expenses375408773969
Total expenses102,587115,230213,836239,815
Net investment income - before tax85,54798,662181,305194,777
Excise and income tax benefit(475)
Net investment income - after tax85,54798,662181,305195,252
Net gain (loss) on investment transactions

Item 6. Exhibits [181](#i932b8727d4e044838e89e23b24328ce3_244)

FAQ

What is Golub Capital's investment expenses?
Golub Capital (GBDC) reported investment expenses of $102.59M in Q1 2026.
How has Golub Capital's investment expenses changed year-over-year?
Golub Capital's investment expenses decreased by 11.0% year-over-year, from $115.23M to $102.59M.
What is the long-term trend for Golub Capital's investment expenses?
Over 4 years (2021 to 2025), Golub Capital's investment expenses has grown at a 34.8% compound annual growth rate (CAGR), from $143.45M to $473.97M.
What does investment expenses mean?
The total costs directly associated with the investment operations, including interest expense on debt, management fees, and other operational charges. This metric provides a comprehensive view of the expenses required to generate the company's investment income.

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