Blue Owl Technology Finance Corp. (OTF) 10-Year Financial Performance & Capital Metrics

OTF • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutBlue Owl Technology Finance Corp. is a business development company specializes in upper middle-market, making debt and equity investments such as senior secured or unsecured loans, subordinated loans or mezzanine loans and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity. The firm prefers to invest in technology-related and software companies. It primarily makes investments in the United States. Blue Owl Technology Finance Corp. is founded in 2018 and is based in New York, New York.Show more

Net Interest Income $445M -2.1%
Total Revenue $537M -8.6%
Net Income $319M -13.5%
Return on Equity 8.92% -16.4%
Net Interest Margin 6.62% -3.1%
Efficiency Ratio 4.24% +8.4%
ROA 4.77% -13.9%
Equity / Assets 53.92% +1.6%
Book Value per Share 17.28 +0.4%
Tangible BV/Share 17.28 +0.4%
Debt/Equity 0.80 -3.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 6.6%
✓Efficient operations: 4.2% efficiency ratio
✓Well capitalized: 53.9% equity/assets
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-0.01%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-9.09%

TTM92.19%

EPS CAGR

10Y-

5Y-

3Y-20.72%

TTM70.32%

ROCE

10Y Avg5.09%

5Y Avg5.09%

3Y Avg3.73%

Latest5.03%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	135.92M	249.23M	331.74M	454.4M	445.06M
NII Growth %	-	0.83%	0.33%	0.37%	-0.02%
Net Interest Margin %	-	-	-	-	-
Interest Income	170.12M	333.73M	457.91M	640.59M	628.54M
Interest Expense	34.2M	84.5M	126.17M	186.19M	183.48M
Loan Loss Provision	0	0	0	0	0
Non-Interest Income+	144K	203.32M	-281.77M	-53.15M	-91.6M
Non-Interest Income %	-	-	-	-	-
Total Revenue+	170.26M	537.05M	176.15M	587.43M	536.94M
Revenue Growth %	-	2.15%	-0.67%	2.33%	-0.09%
Non-Interest Expense	13.95M	22.82M	23.11M	22.98M	22.77M
Efficiency Ratio	-	-	-	-	-
Operating Income+	122.12M	429.73M	26.87M	378.27M	330.69M
Operating Margin %	-	-	-	-	-
Operating Income Growth %	-	2.52%	-0.94%	13.08%	-0.13%
Pretax Income+	122.12M	429.73M	26.87M	378.27M	330.69M
Pretax Margin %	-	-	-	-	-
Income Tax+	0	4.92M	7.87M	9.13M	11.47M
Effective Tax Rate %	-	-	-	-	-
Net Income+	122.12M	424.81M	19M	369.14M	319.23M
Net Margin %	-	-	-	-	-
Net Income Growth %	-	2.48%	-0.96%	18.43%	-0.14%
Net Income (Continuing)	122.12M	424.81M	19M	369.14M	319.23M
EPS (Diluted)+	0.61	3.05	0.09	1.80	1.52
EPS Growth %	-	4%	-0.97%	19%	-0.16%
EPS (Basic)	0.61	2.11	0.09	1.80	1.52
Diluted Shares Outstanding	201.37M	201.37M	201.37M	205.01M	209.77M

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	82.24M	107.03M	203.29M	469.02M	257M
Short Term Investments	0	0	0	0	0
Total Investments+	0	0	0	0	0
Investments Growth %	-	-	-	-	-
Long-Term Investments	0	0	0	0	0
Accounts Receivables	0	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
PP&E (Net)	0	0	0	0	0
Other Assets	0	6.14B	6.41B	6.13B	6.42B
Total Current Assets	0	150.97M	251.08M	519.05M	304.77M
Total Non-Current Assets	0	6.14B	6.41B	6.13B	6.42B
Total Assets+	3.16B	6.29B	6.66B	6.65B	6.72B
Asset Growth %	-	0.99%	0.06%	-0%	0.01%
Return on Assets (ROA)	0.04%	0.09%	0%	0.06%	0.05%
Accounts Payable	0	43.02M	59.12M	101.05M	123.79M
Total Debt+	1.61B	2.64B	3.16B	2.95B	2.91B
Net Debt	1.53B	2.54B	2.95B	2.48B	2.66B
Long-Term Debt	1.51B	2.64B	3.16B	2.95B	2.91B
Short-Term Debt	105.9M	0	0	0	0
Other Liabilities	-1.51B	72.75M	58.91M	73.81M	59.17M
Total Current Liabilities	0	43.02M	59.12M	101.05M	123.79M
Total Non-Current Liabilities	0	2.72B	3.22B	3.02B	2.97B
Total Liabilities	1.66B	2.76B	3.28B	3.12B	3.1B
Total Equity+	1.5B	3.53B	3.39B	3.53B	3.63B
Equity Growth %	-	1.36%	-0.04%	0.04%	0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.17%	0.01%	0.11%	0.09%
Book Value per Share	7.43	17.54	16.82	17.22	17.28
Tangible BV per Share	-	-	-	-	-
Common Stock	1.01M	2M	2.03M	2.07M	2.12M
Additional Paid-in Capital	1.45B	3.18B	3.22B	3.28B	3.35B
Retained Earnings	0	353.16M	169.19M	247.16M	270.82M
Accumulated OCI	45.93M	0	0	0	0
Treasury Stock	0	0	0	0	0
Preferred Stock	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	58.45M	-2.62B	-295.28M	708.36M	221.8M
Operating CF Growth %	-	-45.82%	0.89%	3.4%	-0.69%
Net Income	122.12M	424.81M	19M	369.14M	319.23M
Depreciation & Amortization	0	0	0	0	0
Deferred Taxes	0	0	0	0	0
Other Non-Cash Items	-65.59M	-3.07B	-286.18M	302.61M	-104.36M
Working Capital Changes	1.92M	30.74M	-28.1M	36.61M	6.93M
Cash from Investing+	-1.51B	0	0	0	-157.65M
Purchase of Investments	-1.82B	0	0	0	-1.97B
Sale/Maturity of Investments	1000K	0	0	0	1000K
Net Investment Activity	-	-	-	-	-
Acquisitions	0	0	0	0	0
Other Investing	0	0	0	0	0
Cash from Financing+	1.39B	2.64B	391.55M	-442.63M	-276.17M
Dividends Paid	-49.3M	-83.27M	-136.32M	-208.74M	-229.95M
Share Repurchases	0	0	0	0	0
Stock Issued	655.83M	1.7B	0	0	0
Net Stock Activity	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K
Other Financing	0	-6.34M	-11.24M	-11.48M	0
Net Change in Cash+	-60.13M	24.79M	96.27M	265.72M	-212.02M
Exchange Rate Effect	0	0	0	0	0
Cash at Beginning	142.36M	82.24M	107.03M	203.29M	469.02M
Cash at End	82.24M	107.03M	203.29M	469.02M	257M
Interest Paid	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0
Free Cash Flow+	58.45M	-2.62B	-295.28M	708.36M	221.8M
FCF Growth %	-	-45.82%	0.89%	3.4%	-0.69%

Banking Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.16%	16.89%	0.55%	10.67%	8.92%
Return on Assets (ROA)	3.87%	8.99%	0.29%	5.54%	4.77%
Net Interest Margin	4.3%	3.96%	4.98%	6.83%	6.62%
Efficiency Ratio	8.19%	4.25%	13.12%	3.91%	4.24%
Equity / Assets	47.4%	56.14%	50.84%	53.07%	53.92%
Book Value / Share	7.43	17.54	16.82	17.22	17.28
NII Growth	-	83.36%	33.11%	36.97%	-2.06%
Dividend Payout	40.38%	19.6%	717.52%	56.55%	-

Frequently Asked Questions

Valuation & Price

Blue Owl Technology Finance Corp. (OTF) has a price-to-earnings (P/E) ratio of 9.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Blue Owl Technology Finance Corp. (OTF) saw revenue decline by 8.6% over the past year.

Yes, Blue Owl Technology Finance Corp. (OTF) is profitable, generating $615.3M in net income for fiscal year 2024 (59.5% net margin).

Dividend & Returns

Yes, Blue Owl Technology Finance Corp. (OTF) pays a dividend with a yield of 7.57%. This makes it attractive for income-focused investors.

Blue Owl Technology Finance Corp. (OTF) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.

Industry Metrics

Blue Owl Technology Finance Corp. (OTF) has a net interest margin (NIM) of 6.6%. This indicates healthy earnings from lending activities.

Blue Owl Technology Finance Corp. (OTF) has an efficiency ratio of 4.2%. This is excellent, indicating strong cost control.

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