BBDC on NYSE
Barings BDC, Inc.
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Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total interest income | $190.5M | $211.3M | $219.8M |
| Total dividend income | $51.2M | $41.1M | $36.9M |
| Total fee and other income | $17.7M | $16.9M | $13.4M |
| Total payment-in-kind interest income | $19.0M | $15.7M | $18.1M |
| Total investment income | $279.2M | $286.2M | $289.2M |
| Interest and other financing fees | $85.1M | $85.5M | $84.7M |
| Base management fee (Note 2) | $33.2M | $32.4M | $32.6M |
| Incentive management fees (Note 2) | $31.5M | $23.8M | $32.0M |
| General and administrative expenses (Note 2) | $7.8M | $9.8M | $10.0M |
| Total operating expenses | $157.6M | $151.5M | $159.4M |
| Net investment income before taxes | $121.6M | $134.7M | $129.8M |
| Income taxes, including excise tax expense | $3.8M | $3.5M | $1.7M |
| Net investment income after taxes | $117.8M | $131.2M | $128.1M |
| Net realized gains (losses) on investments | -$39.5M | -$23.8M | -$59.5M |
| Credit support agreements | $9.4M | $0 | $0 |
| Foreign currency transactions | $7.6M | -$535.0K | $4.2M |
| Forward currency contracts | -$287.0K | -$13.8M | -$7.4M |
| Net realized gains (losses) | -$22.7M | -$38.1M | -$62.8M |
| Net unrealized appreciation (depreciation) on investments | $46.2M | -$28.8M | $67.4M |
| Credit support agreements | $10.7M | $5.7M | $4.7M |
| Foreign currency transactions | -$28.7M | $9.3M | -$13.4M |
| Forward currency contracts | -$21.2M | $31.1M | $3.9M |
| Net unrealized appreciation (depreciation) | $6.9M | $17.2M | $62.6M |
| Net realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements, foreign currency transactions and forward currency contracts | -$15.8M | -$20.9M | -$126.0K |
| Provision for taxes | -$106.0K | $0 | $0 |
| Net increase (decrease) in net assets resulting from operations | $101.9M | $110.3M | $128.0M |
| Net investment income per sharebasic (in dollars per share) | $1.12 | $1.24 | $1.20 |
| Net investment income per sharediluted (in dollars per share) | $1.12 | $1.24 | $1.20 |
| Net increase (decrease) in net assets resulting from operations per sharebasic and diluted (in dollars per share) | $0.97 | $1.04 | $1.20 |
| Regular quarterly dividends / distributions, declared (in dollars per share) | $1.04 | $1.04 | $1.02 |
| Regular quarterly dividends / distributions, paid (in dollars per share) | $1.04 | $1.04 | $1.02 |
| Special dividends / distributions, declared (in dollars per share) | $0.15 | $0.00 | $0.00 |
| Special dividends / distributions, paid (in dollars per share) | $0.15 | $0.00 | $0.00 |
| Total dividends/distributions per share, declared (in dollars per share) | $1.19 | $1.04 | $1.02 |
| Total dividends/distributions per share, paid (in dollars per share) | $1.19 | $1.04 | $1.02 |
| Weighted average number of shares outstanding basic (in shares) | 105.2M shares | 105.8M shares | 107.0M shares |
| Weighted average number of shares outstanding diluted (in shares) | 105.2M shares | 105.8M shares | 107.0M shares |
Every line of the balance sheet in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Total investments at fair value | $2.4B | ||
| Cash (restricted cash of $12,933 and $13,493 as of December 31, 2025 and 2024, respectively) | $51.9M | ||
| Foreign currencies (cost of $14,922 and $17,343 as of December 31, 2025 and 2024, respectively) | $14.9M | ||
| Interest and fees receivable | $41.4M | ||
| Prepaid expenses and other assets | $981.0K | ||
| Deferred financing fees | $8.7M | ||
| Receivable from unsettled transactions | $56.0M | ||
| Total assets | $2.6B | ||
| Accounts payable and accrued liabilities | $7.4M | ||
| Interest payable | $18.5M | ||
| Administrative fees payable | $381.0K | ||
| Base management fees payable | $8.6M | ||
| Incentive management fees payable | $7.0M | ||
| Payable from unsettled transactions | $183.0K | ||
| Borrowings under credit facility | $226.8M | ||
| Notes payable (net of deferred financing fees) | $1.2B | ||
| Total liabilities | $1.5B | ||
| Common stock, $0.001 par value per share (150,000,000 shares authorized, 105,558,938 and 106,067,070 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) | $104.0K | ||
| Additional paid-in capital | $1.9B | ||
| Total distributable earnings (loss) | -$702.3M | ||
| Total net assets | $1.2B | ||
| Total liabilities and net assets | $2.6B | ||
| Net asset value per share (in dollars per share) | $11.09 | $11.10 | $11.18 |
| Investments, cost | $2.4B | ||
| Restricted cash | $12.9M | ||
| Common stock par value (in dollars per share) | $0.00 | ||
| Common stock, shares authorized (in shares) | 150.0M shares | ||
| Common stock, shares issued (in shares) | 104.7M shares | ||
| Common stock, shares outstanding (in shares) | 104.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations | $101.9M | $110.3M | $128.0M |
| Purchases of portfolio investments | -$698.1M | -$637.4M | -$614.6M |
| Repayments received/sales of portfolio investments/ Sales of short-term investments | $734.9M | $641.8M | $593.5M |
| Loan origination and other fees received | $11.6M | $8.7M | $8.3M |
| Net realized (gain) loss on investments | $39.5M | $23.8M | $59.5M |
| Net realized (gain) loss of CSAs | -$9.4M | $0 | $0 |
| Net realized (gain) loss on foreign currency transactions | -$7.6M | $535.0K | -$4.2M |
| Net realized (gain) loss on forward currency contracts | $287.0K | $13.8M | $7.4M |
| Net unrealized (appreciation) depreciation on investments | -$46.2M | $28.8M | -$67.4M |
| Net unrealized (appreciation) depreciation of CSAs | -$10.7M | -$5.7M | -$4.7M |
| Net unrealized (appreciation) depreciation on foreign currency transactions | $28.7M | -$9.3M | $13.4M |
| Net unrealized (appreciation) depreciation on forward currency contracts | $21.2M | -$31.1M | -$3.9M |
| Payment-in-kind interest / dividends | -$24.5M | -$18.2M | -$26.5M |
| Amortization of deferred financing fees | $5.3M | $4.7M | $3.3M |
| Accretion of loan origination and other fees | -$11.2M | -$11.7M | -$8.4M |
| Amortization / accretion of purchased loan premium / discount | -$1.1M | -$1.1M | -$1.9M |
| Proceeds from termination of CSA | $23.0M | $0 | $0 |
| Payments for derivative contracts | -$27.4M | -$24.1M | -$21.7M |
| Proceeds from derivative contracts | $27.2M | $10.3M | $14.4M |
| Interest and fees receivable | $317.0K | $8.4M | -$6.4M |
| Prepaid expenses and other assets | $764.0K | -$203.0K | -$462.0K |
| Accounts payable and accrued liabilities | -$24.0K | $2.0M | $8.7M |
| Interest payable | $2.2M | $7.8M | $811.0K |
| Net cash provided by (used in) operating activities | $160.5M | $122.2M | $76.9M |
| Borrowings under credit facility | $540.0M | $206.5M | $93.4M |
| Repayments of credit facility | -$774.1M | -$477.6M | -$113.1M |
| Proceeds from notes | $300.0M | $300.0M | $0 |
| Repayments of notes | -$112.5M | $0 | $0 |
| Financing fees paid | -$6.9M | -$13.8M | -$2.4M |
| Purchases of shares in repurchase plan | -$6.3M | -$6.4M | -$14.8M |
| Cash dividends / distributions paid | -$125.2M | -$110.1M | -$109.0M |
| Net cash provided by (used in) financing activities | -$185.1M | -$101.3M | -$145.8M |
| Net increase (decrease) in cash and foreign currencies | -$24.6M | $20.8M | -$68.9M |
| Cash paid for interest | $74.0M | $68.2M | $79.4M |
| Excise taxes paid during the period | $4.0M | $1.9M | $1.0M |
Former names
- Triangle Capital CORPNov 3, 2006 to Aug 2, 20182
Recent filings
- Aug 21, 202640-17G BARINGS BDC, INC.
- Aug 5, 20268-K
- Aug 5, 202610-Q
- Jun 5, 20264
- Jun 1, 20268-K
- May 7, 20268-K
- May 7, 202610-Q
- Mar 16, 2026DEFA14A
- Mar 10, 2026DEF 14A
- Feb 19, 20268-K
- Feb 19, 202610-K
- Jan 5, 20263
- Dec 10, 20254
- Dec 9, 2025144
- Nov 17, 20258-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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