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Kayne Anderson BDC, Inc. (KBDC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · ASSET MANAGEMENT · DATA UPDATED 2026-09-18

Kayne Anderson BDC, Inc. (KBDC) operates in the ASSET MANAGEMENT industry and is headquartered in United States. Its market capitalization is roughly $863 million. In the fiscal year ended 2025-12-31, KBDC reported $236M in revenue and $94M in net income.

Kayne Anderson BDC, Inc. is business development company and an externally managed, closed-end, non-diversified management investment company that intends to elect to be regulated as a BDC under the 1940 Act. The fund seeks to make investments in middle-market companies.

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KBDC Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$197M$236M$182M$132M$69M$29M
Gross Profit$152M$199M$124M$83M$50M$25M
Gross Margin %77.3%84.3%68.2%62.5%73.5%85.4%
Operating Income (EBIT)$135M$172M$133M$77M$46M$22M
Operating Margin %68.4%72.8%73.1%58.2%66.7%77.5%
Net Income$75M$94M$132M$77M$46M$22M
Net Margin %37.8%39.7%72.7%58.2%66.7%77.5%
EBITDA$135M$172M$133M$77M$46M$22M
Earnings Per Share (EPS)$1.08$1.33$2.07$1.19$0.70$0.34
Shares Outstanding (M)66M70M64M65M65M65M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

KBDC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$43M$46M$61M$46M$44M$40M$48M$48M
Gross Profit$36M$38M$52M$27M$27M$23M$33M$33M
Gross Margin %82.8%81.5%84.4%58.5%60.3%59.2%67.8%68.5%
Operating Income (EBIT)$30M$36M$43M$25M$25M$23M$36M$38M
Operating Margin %69.8%79.2%70.1%54.0%57.4%57.4%74.7%78.3%
Net Income$11M$17M$22M$25M$25M$22M$35M$38M
Net Margin %24.6%37.4%35.8%53.1%56.7%56.0%73.2%78.3%
EBITDA$30M$36M$43M$25M$25M$23M$36M$38M
Earnings Per Share (EPS)$0.16$0.26$0.31$0.35$0.35$0.31$0.50$0.53
Shares Outstanding (M)66M67M70M70M71M71M71M71M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

KBDC Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Cash from Operations (CFO)$85M($99M)$105M$80M$46M$9M
Free Cash Flow (FCF)$85M($99M)$105M$80M$46M$9M
FCF Margin %43.2%-41.9%57.9%60.3%67.2%32.9%
Dividends Paid$110M$123M$102M$70M$23M$4M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

KBDC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$19M$40M$80M($54M)$2M($127M)$21M($24M)
Free Cash Flow (FCF)$19M$40M$80M($54M)$2M($127M)$21M($24M)
FCF Margin %44.5%86.4%130.2%-115.9%5.5%-320.7%44.0%-49.4%
Dividends Paid$27M$27M$28M$28M$36M$32M$35M$28M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

KBDC Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Total Assets$2.3B$2.3B$2.1B$1.4B$1.2B$586M$0M
Cash & Cash Equivalents$14.5B$18M$22M$34M$9M$2M$0M
Total Liabilities$1.3B$1.2B$896M$741M$602M$274M$1M
Total Debt (Short + Long-Term)$0M$0M$0M$689M$108M$266M$0M
Total Shareholders' Equity$1.1B$1.1B$1.2B$683M$592M$312M($1M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive KBDC viewer.

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