GOLUB CAPITAL BDC, Inc. (GBDC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: November 18, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.97% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
270M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

GBDC currently has 266M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.97% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 18, 2025

10-K filing | 266.0M shares outstanding

270M 0
Aug 04, 2025

10-Q filing | 266.8M shares outstanding

270M 0
May 29, 2025

8-K filing: Golub Capital Employee Grant Program Rabbi Trust acquired 6,059,971 shares of common stock of Golub Capital BDC, Inc., while GC Advisors LLC purchased 3,860,458, 2,183,032 and 16,481 shares from GCOP, LLC, GGP Class B-P, LLC, and Golub Onshore GP, LLC, respectively.

270M 0
May 05, 2025

10-Q filing | 266.5M shares outstanding

270M 0
Feb 04, 2025

10-Q filing | 264.3M shares outstanding

260M 0
Nov 19, 2024

10-K filing | 264.3M shares outstanding

260M 0
Aug 05, 2024

10-Q filing | 264.6M shares outstanding

260M 0
May 06, 2024

10-Q filing | 170.6M shares outstanding

170M 0
Feb 05, 2024

10-Q filing | 169.7M shares outstanding

170M 0
Nov 20, 2023

10-K filing | 170.3M shares outstanding

170M 0
Aug 07, 2023

10-Q filing | 170.0M shares outstanding

170M 0
May 08, 2023

10-Q filing | 170.8M shares outstanding

170M 0
Feb 08, 2023

10-Q filing | 170.9M shares outstanding

170M 0
Nov 21, 2022

10-K filing | 170.7M shares outstanding

170M 0
Aug 09, 2022

10-Q filing | 170.9M shares outstanding

170M 0
Mar 04, 2022

8-K filing: Golub Capital Employee Grant Program Rabbi Trust acquired 1,250,000 shares of common stock of Golub Capital BDC, Inc. for employee incentive compensation, and GC Advisors LLC purchased the same amount of shares from GGP Holdings, L.P.

N/A 0
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