BlackRock Technology and Private Equity Term Trust (BTX)Stock Price & Financial Statements
AboutBlackRock Innovation and Growth Trust (the Trust) is a newly-organized, non-diversified, closed-end management investment company with no operating history. The Trusts investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. There can be no assurance that the Trusts investment objectives will be achieved or that the Trusts investment program will be successful The Trust will invest primarily in equity securities issued by mid- and small-capitalization companies that the Trusts adviser believes have above-average earnings growth potential. In selecting investments for the Trust, the Trusts adviser focuses on mid- and small-capitalization growth companies that are innovative. These are companies that have introduced, or are seeking to introduce, a new product or service that potentially changes the marketplace.Show more
- Revenue $41M -81.1%
- EBITDA $36M -83.1%
- Net Income $36M -83.1%
- EPS (Diluted) 0.17 -82.7%
- Gross Margin 100%
- EBITDA Margin 87.75% -10.6%
- Operating Margin 87.75% -10.6%
- Net Margin 87.75% -10.6%
- ROE 1.87% -82.1%
- ROIC 1.41% -82.1%
- Debt/Equity -
- Interest Coverage 2313.25 -98.4%
Key Insights
Based on financial data analysisStrengths
- ✓FCF machine: 681.3% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy 5Y average net margin of 96.6%
- ✓Trading at only 0.8x book value
Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Dividend payout exceeds 100% of earnings
- ✗Low asset turnover indicates capital-intensive operations
Price & Volume
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Growth Metrics
Revenue CAGR
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Profit (Net Income) CAGR
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EPS CAGR
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ROCE
10Y Avg-14.14%
5Y Avg-14.14%
3Y Avg-14.14%
Latest1.84%
Peer Comparison
Royalty and IP Monetization Vehicles| Name | Market Cap | Current Price | P/E Ratio | Revenue Growth 1Y | Net Margin | ROE | FCF Yield | Debt/Equity |
|---|---|---|---|---|---|---|---|---|
BTXBlackRock Technology and Private Equity Term Trust | 765.04M | 6.56 | 38.56 | -81.13% | 87.75% | 1.87% | 36.24% | |
 RPRXRoyalty Pharma plc | 7.09B | 47.26 | 26.55 | 5.06% | 32.55% | 7.95% | 35.12% | 0.91 |
 INVAInnoviva, Inc. | 1.66B | 22.25 | 6.74 | 18.52% | 65.38% | 23.12% | 11.79% | |
 CDTCDT Equity Inc. | 30.12M | 0.60 | -0.03 | -474.64% | ||||
 CBUSCibus, Inc. | 105.89M | 3.57 | -0.33 | 134.56% | -31.34% | -228.53% | 0.37 | |
 XOMAXOMA Royalty Corp. | 305.26M | 25.54 | -15.48 | 498.72% | 41.06% | 17.91% | 1.46 | |
 XOMAPXOMA Corporation | 320.76M | 26.06 | -15.79 | 498.72% | 46.15% | 20.14% | 1.46 | |
 LGNDLigand Pharmaceuticals Incorporated | 3.97B | 202.09 | -918.58 | 27.28% | 19.34% | 5.11% | 1.95% | 0.01 |
Compare BTX vs Peers
Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.
Income Statement
| Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|
| Sales/Revenue | -639.7M | -1.65B | 215.58M | 40.69M |
| Revenue Growth % | - | -158.48% | 113.04% | -81.13% |
| Cost of Goods Sold | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - |
| Gross Profit | -639.7M | -1.65B | 215.58M | 40.69M |
| Gross Margin % | 100% | 100% | 100% | 100% |
| Gross Profit Growth % | - | -158.48% | 113.04% | -81.13% |
| Operating Expenses | 948.69K | 2.8M | 4.01M | 4.99M |
| OpEx % of Revenue | -0.15% | -0.17% | 1.86% | 12.25% |
| Selling, General & Admin | 1.18M | 2.61M | 3.8M | 4.41M |
| SG&A % of Revenue | -0.18% | -0.16% | 1.76% | 10.84% |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | -233.83K | 194.86K | 209.79K | 576K |
| Operating Income | -640.65M | -1.66B | 211.57M | 35.7M |
| Operating Margin % | 100.15% | 100.17% | 98.14% | 87.75% |
| Operating Income Growth % | - | -158.54% | 112.77% | -83.12% |
| EBITDA | -640.65M | -1.66B | 211.57M | 35.7M |
| EBITDA Margin % | 100.15% | 100.17% | 98.14% | 87.75% |
| EBITDA Growth % | - | -158.54% | 112.77% | -83.12% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 |
| EBIT | 0 | 0 | -211.57M | -35.72M |
| Net Interest Income | 0 | 0 | -1.5K | -15.44K |
| Interest Income | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 1.5K | 15.44K |
| Other Income/Expense | 0 | 0 | 0 | 0 |
| Pretax Income | -640.65M | -1.66B | 211.57M | 35.7M |
| Pretax Margin % | 100.15% | 100.17% | 98.14% | 87.75% |
| Income Tax | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 100% | 100% | 100% | 100% |
| Net Income | -640.65M | -1.66B | 211.57M | 35.7M |
| Net Margin % | 100.15% | 100.17% | 98.14% | 87.75% |
| Net Income Growth % | - | -158.54% | 112.77% | -83.12% |
| Net Income (Continuing) | -640.65M | -1.66B | 211.57M | 35.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.58 | -6.91 | 0.98 | 0.17 |
| EPS Growth % | - | -167.83% | 114.18% | -82.65% |
| EPS (Basic) | -2.58 | -6.91 | 0.98 | 0.17 |
| Diluted Shares Outstanding | 248.31M | 239.7M | 215.89M | 215.89M |
| Basic Shares Outstanding | 248.31M | 239.7M | 215.89M | 215.89M |
| Dividend Payout Ratio | - | - | 83.24% | 517.37% |
Balance Sheet
| Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|
| Total Current Assets | 1.1K | 335 | 367 | 0 |
| Cash & Short-Term Investments | 1.1K | 335 | 367 | 0 |
| Cash Only | 1.1K | 335 | 367 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 6.39M | 4.18M | 332.88K | 66.69K |
| Days Sales Outstanding | -3.65 | -0.92 | 0.56 | 0.6 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | -6.48M | -4.18M | -349.5K | -75.43K |
| Total Non-Current Assets | 4.02B | 2.06B | 2.07B | 0 |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 4.01B | 2.05B | 2.07B | 1.81B |
| Other Non-Current Assets | 6.51M | 4.18M | 349.5K | -1.81B |
| Total Assets | 4.02B | 2.06B | 2.07B | 1.81B |
| Asset Turnover | -0.16x | -0.80x | 0.10x | 0.02x |
| Asset Growth % | - | -48.83% | 0.51% | -12.51% |
| Total Current Liabilities | 0 | 0 | 0 | 0 |
| Accounts Payable | 4.31M | 17.72M | 0 | 0 |
| Days Payables Outstanding | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -21.15M | -23.02M | -2.99M | -2.56M |
| Current Ratio | - | - | - | - |
| Quick Ratio | - | - | - | - |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 37.54M | 30.18M | 40.69M | 23.6M |
| Total Debt | 0 | 0 | 0 | 0 |
| Net Debt | -1.1K | -335 | -367 | 0 |
| Debt / Equity | - | - | - | - |
| Debt / EBITDA | - | - | - | - |
| Net Debt / EBITDA | - | - | -0.00x | - |
| Interest Coverage | - | - | 141140.11x | 2313.25x |
| Total Equity | 3.98B | 2.03B | 2.03B | 1.78B |
| Equity Growth % | - | -49.1% | -0% | -11.92% |
| Book Value per Share | 16.03 | 8.45 | 9.39 | 8.27 |
| Total Shareholders' Equity | 3.98B | 2.03B | 2.03B | 1.78B |
| Common Stock | 4.59B | 4.25B | 4.02B | 3.72B |
| Retained Earnings | -605.36M | -2.22B | -2B | -1.94B |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Cash Flow Statement
| Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|
| Cash from Operations | -4.64B | 310.48M | 216.57M | 277.21M |
| Operating CF Margin % | 725.17% | -18.78% | 100.46% | 681.26% |
| Operating CF Growth % | - | 106.69% | -30.25% | 28% |
| Net Income | -640.65M | -1.66B | 211.57M | 35.7M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -4.01B | 1.97B | -15.36M | 247.57M |
| Working Capital Changes | 9.34M | -6.34M | 20.37M | -6.06M |
| Change in Receivables | -462.13K | 228.99K | -99.73K | 266.19K |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 |
| Cash from Investing | 0 | 0 | 0 | 0 |
| Capital Expenditures | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 |
| Cash from Financing | 4.64B | -310.51M | -216.57M | -277.21M |
| Debt Issued (Net) | 139.78K | -139.78K | 0 | 0 |
| Equity Issued (Net) | 1000K | -1000K | -1000K | -1000K |
| Dividends Paid | -161.27M | -235.85M | -176.11M | -184.73M |
| Share Repurchases | -61.87M | -74.53M | -40.46M | -92.49M |
| Other Financing | 0 | 0 | 0 | 354 |
| Net Change in Cash | -68.9K | -30.77K | 32 | -367 |
| Free Cash Flow | -4.64B | 310.48M | 216.57M | 277.21M |
| FCF Margin % | 725.17% | -18.78% | 100.46% | 681.26% |
| FCF Growth % | - | 106.69% | -30.25% | 28% |
| FCF per Share | -18.68 | 1.30 | 1.00 | 1.28 |
| FCF Conversion (FCF/Net Income) | 7.24x | -0.19x | 1.02x | 7.76x |
| Interest Paid | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 |
Key Ratios
| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Return on Equity (ROE) | -16.09% | -55.14% | 10.44% | 1.87% |
| Return on Invested Capital (ROIC) | - | -41.35% | 7.83% | 1.41% |
| Gross Margin | 100% | 100% | 100% | 100% |
| Net Margin | 100.15% | 100.17% | 98.14% | 87.75% |
| Interest Coverage | - | - | 141140.11x | 2313.25x |
| FCF Conversion | 7.24x | -0.19x | 1.02x | 7.76x |
| Revenue Growth | - | -158.48% | 113.04% | -81.13% |
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