BlackRock Technology and Private Equity Term Trust(BTX)Earnings, Financials & Key Ratios
BTX•NASDAQ
53.4× P/E·Price updated Jun 25, 2026
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 Margin100%
- EBITDA Margin87.75%-10.6%
- Operating Margin87.75%-10.6%
- Net Margin87.75%-10.6%
- ROE1.87%-82.1%
BTX Key Insights
BlackRock Technology and Private Equity Term Trust (BTX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 681.3% free cash flow margin
- ✓Momentum leader: RS Rating 86 (top 14%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy 5Y average net margin of 96.6%
- ✓Trading near 52-week high
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Dividend payout exceeds 100% of earnings
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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BTX Price & Volume
BlackRock Technology and Private Equity Term Trust (BTX) stock price & volume — 10-year historical chart
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BTX Growth Metrics
BlackRock Technology and Private Equity Term Trust (BTX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
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5 Years-
3 Years-
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Profit CAGR
10 Years-
5 Years-
3 Years-
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EPS CAGR
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5 Years-
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Return on Capital
10 Years-14.14%
5 Years-14.14%
3 Years-14.14%
Last Year1.84%
BTX Peer Comparison
BlackRock Technology and Private Equity Term Trust (BTX) competitors in Royalty and IP Monetization Vehicles — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GBDC | 3.23B | 12.40 | 8.73 | 42.5% | 26.91% | 5.24% | 1.23 | |
 HTGC | 2.85B | 15.24 | 8.24 | 26.97% | 50.05% | 13.18% | 1.04 | |
 TPVG | 186.35M | 4.59 | 3.76 | 36.55% | -19.55% | -3.39% | 1.33 | |
 GSBD | 1.04B | 9.27 | 9 | 26% | 25.87% | 5.14% | 1.32 | |
 BLK | 150.88B | 971.92 | 27.44 | 18.67% | 24.33% | 10.5% | 0.24 | |
 MSFT | 2.62T | 352.83 | 25.87 | 14.93% | 39.34% | 33.13% | 0.33 | |
 AAPL | 4.04T | 275.15 | 36.88 | 6.43% | 27.15% | 146.69% | 1.52 | |
 NVDA | 4.74T | 195.74 | 39.95 | 65.47% | 62.97% | 111.66% | 0.07 |
Compare BTX vs Peers
BlackRock Technology and Private Equity Term Trust (BTX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BTX Income Statement
BlackRock Technology and Private Equity Term Trust (BTX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|
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▲ 0% | -1.65B▼ 158.5% | 215.58M▲ 113.0% | 40.69M▼ 81.1% |
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▲ 0% | -1.66B▼ 158.5% | 211.57M▲ 112.8% | 35.7M▼ 83.1% |
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▲ 0% | -1.66B▼ 158.5% | 211.57M▲ 112.8% | 35.7M▼ 83.1% |
Pretax Margin % | 100.15% | 100.17% | 98.14% | 87.75% |
Income Tax | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% |
Net Income | -640.65M▲ 0% | -1.66B▼ 158.5% | 211.57M▲ 112.8% | 35.7M▼ 83.1% |
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▲ 0% | -6.91▼ 167.8% | 0.98▲ 114.2% | 0.17▼ 82.7% |
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% |
BTX Balance Sheet
BlackRock Technology and Private Equity Term Trust (BTX) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|
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▲ 0% | 2.06B▼ 48.8% | 2.07B▲ 0.5% | 1.81B▼ 12.5% |
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▲ 0% | 2.03B▼ 49.1% | 2.03B▼ 0.0% | 1.78B▼ 11.9% |
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 |
BTX Cash Flow Statement
BlackRock Technology and Private Equity Term Trust (BTX) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|
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▲ 0% | -30.77K▲ 55.3% | 32▲ 100.1% | -367▼ 1246.9% |
Free Cash Flow | -4.64B▲ 0% | 310.48M▲ 106.7% | 216.57M▼ 30.2% | 277.21M▲ 28.0% |
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 |
BTX Key Ratios
BlackRock Technology and Private Equity Term Trust (BTX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet 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% |
Related:BTX Dividend History·BTX Revenue History·BTX Price History·BTX P/E History·BTX Financial Ratios·BTX Institutional Holders
BTX Frequently Asked Questions
BlackRock Technology and Private Equity Term Trust (BTX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
BlackRock Technology and Private Equity Term Trust (BTX) reported $40.7M in revenue for fiscal year 2024.
BlackRock Technology and Private Equity Term Trust (BTX) saw revenue decline by 81.1% over the past year.
Yes, BlackRock Technology and Private Equity Term Trust (BTX) is profitable, generating $35.7M in net income for fiscal year 2024 (87.7% net margin).
Dividend & Returns
Yes, BlackRock Technology and Private Equity Term Trust (BTX) pays a dividend with a yield of 9.42%. This makes it attractive for income-focused investors.
BlackRock Technology and Private Equity Term Trust (BTX) has a return on equity (ROE) of 1.9%. This is below average, suggesting room for improvement.
BlackRock Technology and Private Equity Term Trust (BTX) generated $277.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.