Kayne Anderson BDC, Inc.

KBDCNYSEFinancial Services● Active

$14.56

+$0.22(+1.50%)

Market Cap$965724299

P/E Ratio—

52W High$16.28

52W Low$13.06

Avg Volume297K

Open$14.38

Beta0.37

Free Cash Flow Financials Revenue

Kayne Anderson BDC, Inc. (KBDC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

KBDC · free cash flow · updated Jun 8, 2026

Core FCF metrics

KBDC · FCF · TTM · margin & CAGR

Free cash flow was −$98.7M for FY2025 (fiscal year ending 2025-12-31), down 194.0% year-over-year The FCF margin was -41.9%.

FY2025 Free Cash Flow−$98.7M▼ -194.0% YoY

Trailing 12M (TTM)$68.3MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-41.9%−$98.7M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

KBDC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$98.7M(0M)−$98.7M▼ 194.0%-41.9%

FY2024$105.0M(0M)$105.0M▲ +31.5%57.9%

FY2023$79.9M(0M)$79.9M▲ +73.2%60.3%

FY2022$46.1M(0M)$46.1M▲ +386.7%67.2%

FY2021$9.5M(0M)$9.5M—32.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

KBDC · P/FCF · FCF yield · FCF per share

Kayne Anderson BDC, Inc. (KBDC) trades at a FCF yield of 7.06% and a price-to-free-cash-flow ratio of 15.0x. FCF per share stands at $0.97, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.06%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.97

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x30.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

KBDC · cash flow statement · operating / investing / financing

For FY2025, Kayne Anderson BDC, Inc. generated −$98.7M in operating cash flow and spent 0M in capital expenditures, yielding −$98.7M in free cash flow.

Operating Activities

−$98.7M

Cash from core business operations

2025-12-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$94.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$98.7M) − |CapEx| (0M) = FCF (−$98.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

KBDC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Kayne Anderson BDC, Inc.YOU

KBDC

−$98.7M-194.0%-41.9%

Loss

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Kayne Anderson BDC, Inc. (KBDC) reported free cash flow of −$98.7M for FY2025 (fiscal year ending 2025-12-31), down 194.0% year-over-year. The FCF margin was -41.9%.

Based on available data, Kayne Anderson BDC, Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $105.0M in FY2024.

Kayne Anderson BDC, Inc.'s FCF yield is 7.06% and price-to-FCF ratio is 15.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

KBDC free cash flow · 8 questions

Kayne Anderson BDC, Inc. free cash flow was −$98.7M for FY2025, down 194.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $68.3M.

KBDC free cash flowKBDC FCFKBDC FCF 2025KBDC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Kayne Anderson BDC, Inc. · Kayne Anderson BDC, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026