Non-Controlled/Non-Affiliate Company Investments was Golub Capital Bdc’s largest revenue line in fiscal 2025, bringing in $1.72B of $1.74B (99%).
| Investment, Issuer Affiliation | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Non-Controlled/Non-Affiliate Company Investments | $762.39M | $1.20B | $1.43B | $1.72B | ||
| Non-Controlled Affiliate Company Investments | $13.01M | $9.95M | $18.90M | $22.92M | ||
| Controlled Affiliate Company Investments | — | $614.00K | $878.00K | $1.02M | ||
| Total | $775.40M | $1.21B | $1.45B | $1.74B |
Golub Capital Bdc brought in $1.74B from its three revenue lines in fiscal 2025, the year ended September 30, 2025. That was up 20.2% from $1.45B in fiscal 2024. Non-Controlled/Non-Affiliate Company Investments was the largest at $1.72B (98.6%), ahead of Non-Controlled Affiliate Company Investments at $22.92M (1.3%) and Controlled Affiliate Company Investments at $1.02M (0.1%).
Golub Capital Bdc (GBDC) reports its revenue by investment, issuer affiliation. In fiscal 2025, Non-Controlled/Non-Affiliate Company Investments was its largest revenue line, bringing in $1.72B (98.6% of the total), followed by Non-Controlled Affiliate Company Investments at $22.92M (1.3%).
Non-Controlled/Non-Affiliate Company Investments was Golub Capital Bdc's largest revenue line in fiscal 2025, bringing in $1.72B, or 98.6% of the $1.74B total across its three revenue lines.
Every figure comes from Golub Capital Bdc's annual financial filings, as reported. Each line keeps the name Golub Capital Bdc gives it, and years follow its fiscal calendar.
Golub Capital Bdc's revenue by investment, issuer affiliation goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.