Kayne Anderson BDC, Inc. (KBDC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KBDC SEC filings page.
This page shows Kayne Anderson BDC, Inc. (KBDC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Kayne Anderson BDC nearly doubled reported assets to $2.3B since FY2022, while FY2025 net income fell and liabilities rose faster than equity.
From FY2023 to FY2025, assets expanded60.6% and net income21.6% , while interest expense rose46.0% ; scale grew faster than earnings but slower than financing cost, suggesting a less favorable earnings mix as the vehicle expanded.
FY2025 net income was
Liabilities reached
Financial Health Signals
Kayne Anderson BDC, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Kayne Anderson BDC, Inc. passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.
Kayne Anderson BDC, Inc. reported an operating loss of $118.2M against $76.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Kayne Anderson BDC, Inc. reported $10.7M in net income in Q2 2026. This represents a decrease of 57.0% from the same quarter a year earlier. Against the prior quarter it is down 37.8%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Kayne Anderson BDC, Inc. held $14.5M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Kayne Anderson BDC, Inc.'s quarterly ROE was 1.0% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Kayne Anderson BDC, Inc. spent $3.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 57.0% from the same quarter a year earlier. Against the prior quarter it is down 82.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
KBDC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Income | -$28.1Mn/m | -$28.4Mn/m | N/A | -$31.3Mn/m | -$28.6Mn/m | -$26.5Mn/m | N/A | -$20.8Mn/m |
| Interest Expense | $19.6M+6.7% | $18.9M+10.1% | N/A | $20.2M+25.8% | $18.4M+38.9% | $17.1M+9.4% | N/A | $16.1M+15.8% |
| Income Tax | $21K-93.4% | $387K-33.4% | N/A | $428K | $318K | $581K | N/A | N/A |
| Net Income | $10.7M-57.0% | $17.2M-22.4% | N/A | $24.6M-34.5% | $24.9M-20.1% | $22.2M-20.0% | N/A | $37.6M+170.7% |
| EPS (Basic) | $0.42 | $0.43+7.5% | $0.44-8.3% | $0.43-17.3% | $0.40-21.6% | $0.40-23.1% | $0.48-11.1% | $0.52 |
| EPS (Diluted) | $0.42 | $0.43+7.5% | $0.44-8.3% | $0.43-17.3% | $0.40-21.6% | $0.40-23.1% | $0.48-11.1% | $0.52 |
| Diluted Shares (Avg) | 66M | 67M-5.7% | N/A | 70M-0.9% | 71M+5.2% | 71M+57.1% | N/A | 71M |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA.
KBDC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.3B+3.8% | $2.3B+1.0% | $2.3B+9.8% | $2.3B+15.3% | $2.3B+18.1% | $2.2B+20.9% | $2.1B+46.3% | $2.0B+53.6% |
| Cash & Equivalents | $14.5M+3.8% | $14.3M-17.6% | $18.0M-19.4% | $16.4M-58.1% | $14.0M-31.0% | $17.4M-48.0% | $22.4M-34.3% | $39.1M+215.6% |
| Short-Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | $48.7M+280.3% | $22.7M+36.3% |
| Long-Term Investments | $2.3B | N/A | $2.2B | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.3B+16.7% | $1.2B+11.3% | $1.2B+31.3% | $1.2B+42.3% | $1.1B+50.2% | $1.1B+2.0% | $896.3M+21.0% | $842.0M+31.6% |
| Total Equity | $1.1B-8.4% | $1.1B-8.3% | $1.1B-6.4% | $1.1B-3.9% | $1.2B-1.8% | $1.2B+45.0% | $1.2B+73.7% | $1.2B+74.3% |
| Retained Earnings | -$23.3M-332.9% | -$7.5M-136.6% | $1.9M-94.5% | $6.7M-79.9% | $10.0M-58.4% | $20.4M-3.8% | $33.9M+160.1% | $33.1M+172.1% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
KBDC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$69.4M-2950.2% | $39.8Mn/m | $79.8Mn/m | -$53.7Mn/m | $2.4Mn/m | -$127.2Mn/m | -$49.1Mn/m | -$117.6M-651.2% |
| Financing Cash Flow | $69.6Mn/m | -$43.5M-135.6% | -$78.2M-341.4% | $56.1M-58.9% | -$5.8M-102.1% | $122.2M+35.2% | $32.4M-57.1% | $136.4Mn/m |
| Dividends Paid | $26.6M-25.3% | $27.2M-13.7% | N/A | N/A | $35.6M | $31.5M+53.9% | N/A | N/A |
| Share Buybacks | $3.8M-57.0% | $21.4M+5469.0% | $24.9M+5861.7% | $13.9M | $8.8M | $384K | $418K | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
KBDC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 1.0%-1.1pp | 1.6%-0.3pp | N/A | 2.2%-1.0pp | 2.1%-0.5pp | 1.9%-1.5pp | N/A | 3.2%+1.1pp |
| Return on Assets | 0.5%-0.6pp | 0.8%-0.2pp | N/A | 1.1%-0.8pp | 1.1%-0.5pp | 1.0%-0.5pp | N/A | 1.8%+0.8pp |
| Liabilities-to-Equity | 1.21+0.3x | 1.09+0.2x | 1.06+0.3x | 1.05+0.3x | 0.95+0.3x | 0.90-0.4x | 0.76-0.3x | 0.71-0.2x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Kayne Anderson BDC, Inc. KBDC | FY2025 | N/A | $93.7M | N/A | $842.6M | — |
| NEW MOUNTAIN FINANCE CORPORATION NMFC | FY2025 | N/A | $16.5M | N/A | $630.0M | — |
| Bain Capital Specialty Finance, Inc. BCSF | FY2025 | N/A | $98.8M | N/A | $653.2M | — |
| MidCap Financial Investment Corporation MFIC | FY2025 | N/A | $63.2M | N/A | $690.3M | — |
| PennantPark Floating Rate Capital Ltd. PFLT | FY2025 | N/A | $66.4M | N/A | $633.0M | — |
Where Kayne Anderson BDC, Inc. Ranks
Frequently Asked Questions
Is Kayne Anderson BDC, Inc. profitable?
Yes, Kayne Anderson BDC, Inc. (KBDC) reported a net income of $93.7M in fiscal year 2025.
What is Kayne Anderson BDC, Inc.'s return on equity (ROE)?
Kayne Anderson BDC, Inc. (KBDC) has a return on equity of 8.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Kayne Anderson BDC, Inc.'s operating cash flow?
Kayne Anderson BDC, Inc. (KBDC) recorded an outflow of $98.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Kayne Anderson BDC, Inc.'s total assets?
Kayne Anderson BDC, Inc. (KBDC) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Kayne Anderson BDC, Inc.'s liabilities-to-equity ratio?
Kayne Anderson BDC, Inc. (KBDC) had a liabilities-to-equity ratio of 1.06 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Kayne Anderson BDC, Inc.'s return on assets (ROA)?
Kayne Anderson BDC, Inc. (KBDC) had a return on assets of 4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Kayne Anderson BDC, Inc.'s P/E ratio?
Kayne Anderson BDC, Inc. (KBDC) trades at 9.0x earnings, its market capitalization divided by $93.7M net income, FY2025. The market capitalization is $842.6M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kayne Anderson BDC, Inc.'s price-to-sales ratio?
Kayne Anderson BDC, Inc. (KBDC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $842.6M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kayne Anderson BDC, Inc.'s Piotroski F-Score?
Kayne Anderson BDC, Inc. (KBDC) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Can Kayne Anderson BDC, Inc. cover its interest payments?
Kayne Anderson BDC, Inc. (KBDC) reported an operating loss of $118.2M against $76.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.