GS BDC (GSBD) Reports Q3 2026 Financial Results with Decreased NAV and Rising Nonaccruals
GS BDC (GSBD) reported its third-quarter 2026 financial results, characterized by a contraction in portfolio size and rising credit concerns. Net Asset Value (NAV) fell to $11.70 per share, a 3% decline from the previous quarter, driven largely by realized and unrealized losses in older vintage positions. Total investments at fair value also decreased to $2.858 billion, down from $3.195 billion in Q2. The company saw an increase in nonaccrual investments, with the amortized cost ratio rising to 7.3% from 5.0%. Despite these headwinds, management maintained a defensive posture with 96.8% of total investments held in first lien positions and senior secured debt comprising 98.6% of the portfolio at fair value. Net investment income matched the base dividend at $0.32 per share.
Tickers: $GSBD
Topics: GAAP Net Investment Income Investment Commitments Net Asset Value Net Debt to Equity Nonaccrual Investments
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Part of the story InMode Reports Q3 2026 Financial Results with Stable Revenue and Reaffirmed Outlook (23 articles)