GOLUB CAPITAL BDC, Inc. SG&A Expense History
GBDC|6 years of SEC 10-K data (FY2020-FY2025)
$2M in FY2025 with a 5-year CAGR of +9.9%.
Increased from $2M to $2M over the past 2 years.
SG&A Expense returned to growth in FY2025 after 2 years of decline, reaching $2M.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- +3.7%
- 5-Year CAGR
- +9.9%
- 10-Year CAGR
- -
SG&A Expense Trend
Key Insights
- 5-year CAGR of +9.9%, indicating consistent growth.
- In FY2025, sg&a expense increased 29.6% year-over-year.
- Lowest sg&a expense in the period was in FY2020.
Annual Data
| Year | SG&A Expense | YoY Growth |
|---|---|---|
| FY2025 | $1.9M | +29.6% |
| FY2024 | $1.5M | -1.3% |
| FY2023 | $1.5M | -12.7% |
| FY2022 | $1.7M | +20.9% |
| FY2021 | $1.4M | +18.8% |
| FY2020 | $1.2M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026