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Definitive Analysis

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Page: Company Financials

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Ticker: GBAB | Industry: Asset Management - Bonds | Sector: Financial Services
$15.34 +0.23 (1.52%)
As of: 2026-01-15

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 2024 2023 2022 2021 2020 2019 2018
Stock Price 14.93 15.90 16.08 15.99 18.15 23.99 24.05 23.45 21.34
Market Capitalization 396.18M 421.92M 404.78M 371.47M 397.24M 507.84M 453.60M 411.70M 473.10M
(-) Cash & Equivalents 0.30M 0.67M 0.46M 0.19M 0.24M 0.32M 0.54M 0.08M 0.21M
(+) Total Debt 146.18M 111.56M 115.39M 133.89M 147.55M 186.70M 106.78M 128.10M 88.81M
Enterprise Value 542.05M 532.81M 519.72M 505.17M 544.56M 694.22M 559.84M 539.72M 561.70M

Income Statement

Metric TTM TTM-1 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31 2018-05-31 2017-05-31 2016-05-31
Revenue 39M 67M 29M 23M -17M -65M 42M 15M 27M 17M 36M 31M
Cost of Revenue 7M 8M 6M 0M 3M 4M 4M 4M 3M 3M 4M 4M
Gross Profit 32M 59M 23M 23M -21M -69M 39M 12M 24M 13M 32M 27M
Gross Profit Margin 82.4% 87.8% 78.8% 100.0% 119.9% 106.7% 90.7% 77.1% 88.3% 79.0% 89.8% 88.4%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses -16M 0M 1M 1M 1M 1M 1M 1M 1M 1M 0M 0M
Operating Expenses -10M 143M 1M 1M 1M 1M 1M 1M 1M 1M 17M 17M
Operating Income (EBIT) 42M -83M 22M 22M -22M -70M 37M 11M 23M 12M 15M 10M
Operating Income Margin 107.3% -123.9% 74.7% 96.0% 126.8% 108.2% 88.2% 72.0% 85.2% 73.6% 41.4% 31.6%
Interest Income 26M 0M 33M 29M 27M 28M 25M 26M 29M 32M 0M 0M
Interest Expense 7M 3M 6M 8M 6M 1M 1M 3M 3M 3M 0M 0M
Net Interest Income 19M -3M 26M 21M 22M 27M 24M 24M 26M 30M 0M 0M
Unusual Items -14M 30M -26M -21M -18M -22M -20M -20M -23M -26M -6M -7M
EBT Excluding Unusual Items 60M -87M 48M 43M 0M -43M 62M 35M 50M 42M 15M 10M
Pre-Tax Income 46M -57M 22M 22M -18M -66M 41M 15M 27M 16M 9M 3M
Pre-Tax Margin 118.9% -84.4% 74.7% 96.0% 106.9% 101.5% 97.5% 94.9% 96.9% 94.5% 25.3% 8.8%
Income Tax Expense 0M 0M 0M 0M 0M 0M 0M 0M 0M 18M 29M 30M
Net Income 93M -35M 22M 22M -18M -66M 41M 15M 27M 16M 29M 30M
Net Income Margin 238.8% -51.8% 74.7% 96.0% 106.9% 101.5% 97.5% 94.9% 96.9% 94.5% 80.7% 96.4%
Depreciation & Amortization 32M -29M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
EBITDA 74M -112M 22M 22M -22M -70M 38M 11M 24M 12M 15M 10M
EBITDA Margin 189.9% -166.5% 74.7% 96.0% 125.4% 107.9% 88.7% 73.2% 85.7% 73.9% 41.4% 31.6%
NOPAT 42M -66M 22M 22M -17M -55M 37M 11M 24M -2M -33M -96M
NOPAT Margin 107.3% -97.8% 74.7% 96.0% 100.1% 85.5% 88.2% 72.0% 85.7% -12.4% -90.5% -314.2%
Owner's Earnings 125M -64M 22M 22M -18M -65M 42M 15M 27M 16M 29M 30M
Owner's Earnings Margin 321.4% -94.4% 74.7% 96.0% 105.5% 101.2% 98.0% 96.1% 97.5% 94.9% 80.7% 96.4%
EPS (Basic) 46.00 21.00 0.82 0.93 -0.80 -3.00 2.00 0.77 1.53 0.90 1.08 1.06
EPS (Diluted) 3.82 -1.62 0.92 0.93 -0.80 -3.00 2.00 0.77 1.53 0.90 1.88 1.84
Shares (Basic) 24M 22M 27M 23M 23M 22M 21M 19M 17M 17M 27M 28M
Shares (Diluted) 24M 22M 24M 23M 23M 22M 21M 19M 17M 17M 15M 16M

Balance Sheet

Metric MRQ MRQ-1 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31 2018-05-31 2017-05-31 2016-05-31
Cash & Cash Equivalents 0.30M 0.67M 0.30M 0.25M 0.21M 0.26M 0.64M 0.10M 0.05M 0.28M 0.94M 1.94M
Short-Term Investments 0.00M 0.00M 0.00M 0.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.39M 0.00M
Cash & Short-Term Investments 0.30M 0.67M 0.30M 0.28M 0.21M 0.26M 0.64M 0.10M 0.05M 0.28M 2.32M 1.94M
Net Receivables 6.81M 9.76M 6.81M 6.59M 5.97M 9.26M 75.45M 7.67M 8.30M 8.88M 8.64M 10.89M
Inventory 0.00M 0.00M 0.00M 0.00M 6.29M 9.80M 76.53M 0.00M 8.33M 9.35M 0.00M 0.00M
Other Current Assets 0.01M -10.43M 0.01M -6.88M -6.29M -9.80M -76.53M -7.77M -8.33M -9.35M -10.96M -12.83M
Total Current Assets 7.11M 0.00M 7.11M 0.00M 6.18M 9.52M 76.09M 0.00M 8.35M 9.16M 0.00M 0.00M
Property, Plant & Equipment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 0.00M 0.00M 503.57M 489.49M 561.13M 679.98M 500.35M 493.53M 481.78M 0.00M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 545.95M 0.00M 545.95M -503.57M -489.49M -561.13M -679.98M -500.35M -493.53M -481.78M 0.00M 0.00M
Other Assets 0.00M 535.08M 0.00M 510.47M 0.11M 0.01M 0.45M 0.00M 0.00M 0.19M 521.75M 559.45M
Total Non-Current Assets 545.95M 535.08M 545.95M 510.47M 0.11M 0.01M 0.45M 0.00M 0.00M 0.19M 521.75M 559.45M
Total Assets 553.06M 535.08M 553.06M 510.46M 6.29M 9.53M 76.53M 0.00M 8.35M 9.35M 521.75M 559.45M
Accounts Payable 5.80M 6.66M 5.80M 7.85M 0.12M 0.55M 52.30M 0.58M 4.90M 0.30M 0.00M 0.00M
Short-Term Debt 0.00M 111.50M 0.00M 0.00M 127.05M 167.78M 98.18M 82.29M 56.16M 50.51M 67.71M 89.69M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 111.31M -126.93M -167.23M -45.87M -81.71M -51.25M -50.21M 0.00M 0.00M
Other Current Liabilities 0.00M -118.16M 0.00M -119.16M -0.12M -0.55M -52.30M -0.58M -4.90M -0.30M -67.71M -89.69M
Total Current Liabilities 5.80M 0.00M 5.80M 0.00M 0.12M 0.55M 52.30M 0.58M 4.90M 0.30M 0.00M 0.00M
Long-Term Debt 146.18M 0.06M 146.18M 0.07M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 47.58M 62.01M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 0.78M 0.83M 0.78M -0.07M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.69M 1.93M
Total Non-Current Liabilities 146.96M 0.89M 146.96M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 48.26M 63.94M
Total Liabilities 152.76M 0.89M 152.76M 0.00M 0.12M 0.55M 52.30M 0.58M 4.90M 0.30M 48.26M 63.94M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.27M 0.27M 0.27M 0.25M 0.23M 0.22M 0.21M 0.19M 0.17M 0.17M 0.17M 0.17M
Retained Earnings -67.74M -62.39M -67.74M -66.89M -68.95M -30.12M 64.40M 52.59M 64.90M 5.50M 74.73M 74.70M
Accumulated OCI 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 64.40M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity -67.47M -62.13M -67.47M -66.64M -68.72M -29.90M 129.00M 52.78M 65.07M 5.67M 74.90M 74.88M
Total Equity -67.47M -62.13M -67.47M -66.64M -68.72M -29.90M 129.00M 52.78M 65.07M 5.67M 74.90M 74.88M
Total Liabilities & Equity 85.28M -61.24M 85.28M -66.64M -68.59M -29.35M 181.31M 53.36M 69.98M 5.97M 123.16M 138.82M
Tangible Assets 553.06M 535.08M 553.06M 510.46M 6.29M 9.53M 76.53M 0.00M 8.35M 9.35M 521.75M 559.45M
Tangible Equity -67.47M -62.13M -67.47M -66.64M -68.72M -29.90M 129.00M 52.78M 65.07M 5.67M 74.90M 74.88M
Tangible Book Value -67.47M -62.13M -67.47M -66.64M -68.72M -29.90M 129.00M 52.78M 65.07M 5.67M 74.90M 74.88M
Total Investments 0.00M 0.00M 0.00M 503.57M 489.49M 561.13M 679.98M 500.35M 493.53M 481.78M 1.39M 0.00M
Net Debt 145.88M 110.89M 145.88M -0.18M 126.84M 167.51M 97.54M 82.19M 56.10M 50.23M 114.35M 149.76M

Capital Metrics

Metric MRQ MRQ-1 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31 2018-05-31 2017-05-31 2016-05-31
Working Capital 1.3M 0.0M 1.3M 0.0M 6.1M 9.0M 23.8M 7.2M 3.4M 8.9M -67.7M -89.7M
Total Capital 546.5M 527.6M 546.5M 502.0M 495.1M 569.1M 668.5M 507.1M 496.5M 490.4M 521.1M 557.5M
Capital Employed 547.3M 535.1M 547.3M 510.5M 495.7M 570.1M 704.2M 507.5M 497.0M 490.8M 454.0M 469.8M
Invested Capital 546.2M 526.9M 546.2M 501.8M 494.9M 568.8M 667.8M 507.0M 496.4M 490.1M 520.1M 555.6M

Cash Flow Statement

Metric TTM TTM-1 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31 2018-05-31 2017-05-31 2016-05-31
Net Income 55.93M -85.68M 21.63M 21.61M -18.39M -65.68M 41.43M 14.52M 26.62M 15.72M 26.89M 27.96M
Depreciation & Amortization 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 5.40M -10.01M -2.38M 7.17M 1.84M 15.13M -16.68M -2.73M 5.26M -0.08M 1.86M -1.33M
Accounts Receivable 2.03M -4.60M -0.38M -0.49M 2.45M 66.78M -68.52M 1.65M 0.58M -0.24M 2.25M -1.70M
Inventory 0.00M 0.00M 0.00M 0.00M -0.05M 0.00M 0.00M 0.00M -0.04M 0.00M 0.00M 0.00M
Accounts Payable 3.78M -6.17M 0.00M 7.71M -0.49M -51.77M 51.82M -4.23M 4.49M 0.29M -0.25M 0.11M
Other Working Capital -0.41M 0.77M -1.99M -0.05M -0.07M 0.12M 0.02M -0.15M 0.24M 0.10M -0.15M 0.26M
Other Non-Cash Items -22.88M 145.89M -42.29M -14.04M 71.13M 84.38M -144.60M -6.82M -11.82M 30.37M -4.14M -2.53M
Net Cash from Operating Activities 44.49M 39.44M -23.04M 14.74M 54.59M 33.83M -119.85M 4.97M 20.07M 46.00M 26.61M 22.51M
Capital Expenditures (PPE) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -147.92M -484.32M 0.00M -97.10M -51.78M -235.61M -343.00M -136.11M -39.63M -38.89M -31.77M -63.48M
Sales / Maturities of Investments 131.84M 407.73M 0.00M 85.98M 91.90M 227.72M 189.40M 123.76M 28.64M 65.76M 68.00M 44.30M
Other Investing Activities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Investing Activities -16.07M -76.59M 0.00M 0.00M 40.13M -7.88M -153.60M -12.36M -10.99M 26.88M 36.23M -19.18M
Net Debt Issuance -20.86M 15.24M 26.97M -7.89M -40.72M -27.76M 102.74M -7.87M 5.64M -20.19M 0.00M 0.00M
Long-Term Debt Issuance -13.20M 15.24M 26.97M -7.89M -40.72M -27.76M 102.74M -34.00M 5.64M -3.00M 0.00M 0.00M
Short-Term Debt Issuance -7.66M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 26.13M 0.00M -17.19M 0.00M 0.00M
Net Stock Issuance 64.25M 61.50M 33.44M 27.31M 18.31M 23.72M 46.18M 29.40M 5.64M -17.19M 0.00M 0.00M
Common Stock Issuance 64.25M 61.50M 33.44M 27.31M 18.58M 23.72M 46.18M 29.40M 256.88M 172.19M 0.00M 0.00M
Common Stock Repurchased -3.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -355.17M -251.24M -189.38M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M -0.27M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -68.85M -60.37M -37.35M -34.18M -32.42M -30.32M -28.07M -26.31M -26.13M -26.28M -26.93M -28.81M
Common Dividends Paid -68.85M -60.37M -37.35M -34.18M -32.42M -30.32M -28.07M -26.31M -26.13M -26.28M -26.93M -28.81M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -3.40M 0.03M -0.01M -0.01M 0.03M -0.01M -0.02M -0.15M -5.64M 17.19M -36.18M 25.68M
Net Cash from Financing Activities -28.87M 16.40M 23.05M -14.77M -54.81M -34.37M 120.83M -4.93M -20.49M -46.47M -63.11M -3.13M
Effect of FX on Cash -0.59M 2.67M 0.00M 0.00M -40.13M 7.88M 153.60M 12.36M 10.99M 0.00M 0.00M 0.00M
Net Change in Cash 0.44M -0.74M 0.01M -0.03M -0.22M -0.54M 0.98M 0.05M -0.42M -0.47M -1.00M 0.21M
Cash at Beginning of Period 1.00M 2.59M 0.28M 0.32M 0.54M 1.07M 0.10M 0.05M 0.47M 0.94M 1.94M 1.73M
Cash at End of Period 1.44M 1.85M 0.30M 0.28M 0.32M 0.54M 1.07M 0.10M 0.05M 0.47M 0.94M 1.94M
Operating Cash Flow 44.49M 39.44M -23.04M 14.74M 54.59M 33.83M -119.85M 4.97M 20.07M 46.00M 26.61M 22.51M
Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Free Cash Flow 44.49M 39.44M -23.04M 14.74M 54.59M 33.83M -119.85M 4.97M 20.07M 46.00M 26.61M 22.51M

Free Cash Flow

Metric TTM TTM-1 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31 2018-05-31 2017-05-31 2016-05-31
EBITDA 79.60M 30.39M 21.65M 21.63M -21.57M -69.75M 37.72M 11.32M 23.78M 12.50M 32.34M 27.10M
(-) Tax Adjustment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.38M 11.32M 9.49M
(-) Change In Working Capital 5.40M -10.01M -2.38M 7.17M 1.84M 15.13M -16.68M -2.73M 5.26M -0.08M 1.86M -1.33M
(-) Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow 74.20M 40.39M 24.03M 14.46M -23.41M -84.88M 54.40M 14.05M 18.52M 8.21M 19.16M 18.94M
(-) Net Interest Income After Taxes 18.75M -3.09M 26.42M 21.49M 21.53M 26.55M 24.01M 23.66M 26.31M 19.39M 0.00M 0.00M
Net Debt Issuance -20.86M 15.24M 26.97M -7.89M -40.72M -27.76M 102.74M -7.87M 5.64M -20.19M 0.00M 0.00M
Levered Free Cash Flow 34.59M 58.72M 24.58M -14.92M -85.66M -139.20M 133.13M -17.48M -2.15M -31.38M 19.16M 18.94M