NYSE · Financial Statements

Blue Owl Technology Finance Corp. (OTF) Financial Statements

$9.12 NYSE: OTF Market Cap $4.18B

Blue Owl Technology Finance Corp. most recently reported annual revenue of $1.1B, net profit of $720.0M. Revenue grew at an average annual rate of 44.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Blue Owl Technology Finance Corp.: Revenue rose from $170.0M in 2020 to $1.1B in 2025, a change of +531.2% over 5 years; net profit was positive in all 6 reported years; operating margin moved from 71.7% to 67.9%, a shift of -3.8 percentage points; the most recent year shows net profit of $720.0M.

Income Statement — 6 Years (USD millions)

Metric	2020	2021	2022	2023	2024	2025
Revenue	$170.0M	$537.0M	$176.0M	$587.0M	$537.0M	$1.1B
Operating Expenses	$48.0M	$107.0M	$149.0M	$209.0M	$206.0M	$344.0M
Operating Profit	$122.0M	$430.0M	$27.0M	$378.0M	$331.0M	$729.0M
Operating Margin	71.7%	80.0%	15.3%	64.4%	61.6%	67.9%
Other Income	$0	$0	$0	$0	$0	$0
Interest	$34.0M	$85.0M	$126.0M	$186.0M	$183.0M	$321.0M
Depreciation	$0	$0	$0	$0	$0	$0
Profit Before Tax	$122.0M	$430.0M	$27.0M	$378.0M	$331.0M	$729.0M
Tax	$0	$1.1M	$29.3M	$2.4M	$3.5M	$1.1M
Net Profit	$122.0M	$425.0M	$19.0M	$369.0M	$319.0M	$720.0M
EPS	$0.61	$3.05	$0.09	$1.80	$1.52	$1.76
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 11 Quarters (USD millions)

Metric	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$154.0M	$146.0M	$63.0M	$174.0M	$154.0M	$139.0M	$295.0M	$320.0M	$310.0M	$427.0M	$322.0M
Operating Expenses	$52.0M	$52.0M	$52.0M	$51.0M	$51.0M	$56.0M	$93.0M	$6.0M	$103.0M	$542.0M	$63.0M
Operating Profit	$102.0M	$94.0M	$11.0M	$122.0M	$104.0M	$82.0M	$202.0M	$315.0M	$207.0M	$-115.0M	$259.0M
Operating Margin	66.1%	64.3%	16.9%	70.4%	67.2%	59.4%	68.4%	98.2%	66.8%	-26.9%	80.4%
Interest	$47.0M	$47.0M	$46.0M	$46.0M	$44.0M	$48.0M	$79.0M	$85.0M	$109.0M	$104.0M	$109.0M
Profit Before Tax	$102.0M	$94.0M	$11.0M	$122.0M	$104.0M	$82.0M	$202.0M	$235.0M	$207.0M	$-219.0M	$154.0M
Tax	$160,000	$3.5M	$23.2M	$2.3M	$2.8M	$5.0M	$100,000	$0	$680,000	$-550,000	$0
Net Profit	$102.0M	$91.0M	$8.0M	$120.0M	$101.0M	$78.0M	$201.0M	$235.0M	$206.0M	$-220.0M	$154.0M
EPS	$0.50	$0.44	$0.04	$0.57	$0.45	$0.33	$0.86	$1.00	$0.44	$-0.47	$0.33

Over the 6 years reported for Blue Owl Technology Finance Corp., borrowings increased from $1.6B in 2020 to $6.3B in 2025, cash stood at $1.0M in the latest year, shareholders' equity was $5.0M.

Balance Sheet — 6 Years (USD millions)

Metric	2020	2021	2022	2023	2024	2025
Total Assets	$3.2B	$6.3B	$6.7B	$6.7B	$6.7B	$14.7B
Current Assets	$0	$151.0M	$251.0M	$519.0M	$305.0M	$84.0M
Cash	$82.0M	$107.0M	$203.0M	$469.0M	$257.0M	$1.0M
Inventory	$0	$0	$0	$0	$0	$0
Receivables	$18.0M	$44.0M	$48.0M	$50.0M	$48.0M	$83.0M
Fixed Assets	$0	$0	$0	$0	$0	$0
Capital Work in Progress	$0	$0	$0	$0	$0	$0
Investments	$0	$0	$0	$0	$0	$14.3B
Other Assets	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.7B	$2.8B	$3.3B	$3.1B	$3.1B	$6.7B
Current Liabilities	$0	$43.0M	$59.0M	$101.0M	$124.0M	$0
Borrowings	$1.6B	$2.6B	$3.2B	$2.9B	$2.9B	$6.3B
Other Liabilities	$47.0M	$116.0M	$118.0M	$175.0M	$183.0M	$385.0M
Equity	$1.0M	$2.0M	$2.0M	$2.0M	$2.0M	$5.0M
Reserves	$1.5B	$3.5B	$3.4B	$3.5B	$3.6B	$8.0B

For Blue Owl Technology Finance Corp., operating cash flow was positive in 4 of 6 reported years; free cash flow in the latest year was $924.0M; free cash flow was positive in 4 of 6 years; financing activities used $100.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 6 Years (USD millions)

Metric	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$58.0M	$-2.6B	$-295.0M	$708.0M	$222.0M	$924.0M
Investing Cash Flow	$-1.5B	$0	$0	$0	$-158.0M	$-1.8B
Financing Cash Flow	$0	$-6.0M	$-11.0M	$-11.0M	$-12.0M	$-100.0M
Net Cash Flow	$-60.0M	$25.0M	$96.0M	$266.0M	$-212.0M	$26.0M
Free Cash Flow	$58.0M	$-2.6B	$-295.0M	$708.0M	$222.0M	$924.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.18
EV / EBITDA	17.15
FCF Yield	-6.83%
Quick Ratio	0.00
Interest Coverage	1.64
Return 1Y	-11.92%
Return 3Y	—
Return 5Y	—

Blue Owl Technology Finance Corp. (OTF) financials — frequently asked questions

What is Blue Owl Technology Finance Corp.'s annual revenue?

Blue Owl Technology Finance Corp. (OTF) reported annual revenue of $1.1B in its most recent fiscal year.

What is Blue Owl Technology Finance Corp.'s net profit?

Blue Owl Technology Finance Corp. (OTF) reported net profit of $720.0M in its most recent fiscal year.

What is OTF EV/EBITDA?

Blue Owl Technology Finance Corp.'s enterprise value to EBITDA (EV/EBITDA) ratio is 17.15.

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