Golub Capital BDC (PBX) Reports Q1 Net Loss, Misses Estimates

Golub Capital BDC, Inc. (NASDAQ: PBX) reported a net loss of $14.2 million for Q1 2026, compared to a net loss of $8.1 million in the same period of 2025, missing analyst estimates of a $9.5 million loss. The decline followed a 10% reduction in total assets and a 22% drop in net interest income, driven by lower interest rates and credit losses. Management attributed the results to economic weakness and tighter lending conditions, with no guidance provided for 2026.