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Blue Owl Technology Finance Corp.(OTF)Earnings, Financials & Key Ratios
OTF•NYSE•Banking & Credit
$11.73
$5.46B mkt cap·6.7× P/E·Price updated May 6, 2026
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$803M+80.4%
- Total Revenue$1.07B+99.8%
- Net Income$720M+125.7%
- Return on Equity12.35%+38.4%
- Net Interest Margin5.46%-17.6%
- Efficiency Ratio4.73%+11.6%
- ROA6.72%+40.8%
- Equity / Assets54.65%+1.3%
- Book Value per Share19.64+13.7%
- Tangible BV/Share19.64+13.7%
- Debt/Equity0.78-2.7%
OTF Key Insights
Blue Owl Technology Finance Corp. (OTF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 42.6%
- ✓Strong NIM of 5.5%
- ✓Efficient operations: 4.7% efficiency ratio
- ✓Well capitalized: 54.6% equity/assets
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Shares diluted 95.2% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
OTF Price & Volume
Blue Owl Technology Finance Corp. (OTF) stock price & volume — 10-year historical chart
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OTF Growth Metrics
Blue Owl Technology Finance Corp. (OTF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years44.51%
3 Years82.63%
TTM-
Profit CAGR
10 Years-
5 Years42.61%
3 Years235.95%
TTM165.45%
EPS CAGR
10 Years-
5 Years23.61%
3 Years169.42%
TTM31.65%
Return on Capital
10 Years5.43%
5 Years5.43%
3 Years5.86%
Last Year6.8%
OTF Recent Earnings
Blue Owl Technology Finance Corp. (OTF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/7 qtrs (33%)●Beat Revenue 0/7 qtrs (0%)
Q1 2026Latest
Feb 18, 2026EPS
$0.30
Est $0.32
-6.3%
Revenue
$321M
Est $327M
-1.8%
Q4 2025
Nov 5, 2025EPS
$0.32
Est $0.35
-8.6%
Revenue
$320M
Est $338M
-5.2%
Q3 2025
Aug 6, 2025EPS
$0.36
Est $0.35
+2.9%
Revenue
$295M
Est $320M
-7.7%
Q2 2025
May 12, 2025EPS
$0.33
Revenue
$139M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 18, 2026 | $0.30vs $0.32-6.3% | $321Mvs $327M-1.8% |
| Q4 2025 | Nov 5, 2025 | $0.32vs $0.35-8.6% | $320Mvs $338M-5.2% |
| Q3 2025 | Aug 6, 2025 | $0.36vs $0.35+2.9% | $295Mvs $320M-7.7% |
| Q2 2025 | May 12, 2025 | $0.33 | $139M |
Based on last 7 quarters of dataView full earnings history →
OTF Peer Comparison
Blue Owl Technology Finance Corp. (OTF) competitors in Private credit and BDC lenders — 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 |
|---|---|---|---|---|---|---|---|---|
 OBDC | 5.84B | 11.76 | 9.48 | 52.55% | 7.29% | 1.26 | ||
 ARCC | 13.76B | 19.16 | 10.30 | 32.87% | 8.11% | 1.12 | ||
 FSCO | 1.04B | 5.23 | 5.51 | -17.44% | 13.47% | 0.32 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 HTGC | 3.02B | 16.44 | 8.89 | 26.97% | 13.18% | 1.04 | ||
 GBDC | 3.47B | 13.31 | 9.37 | 42.5% | 5.24% | 1.23 | ||
 FSK | 3.2B | 11.42 | 290.59 | 5.5% | 0.18% | 1.31 | ||
 CGBD | 866.09M | 11.88 | 7.52 | -2.92% | 6.2% | 1.07 |
Compare OTF vs Peers
Blue Owl Technology Finance Corp. (OTF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OTF Income Statement
Blue Owl Technology Finance Corp. (OTF) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Net Interest Income | 135.92M | 249.23M | 331.74M | 454.4M | 445.06M | 803.02M | 690.29M |
| NII Growth % | - | 83.36% | 33.11% | 36.97% | -2.06% | 80.43% | 223.78% |
| Net Interest Margin % | 4.3% | 3.96% | 4.98% | 6.83% | 6.62% | 5.46% | 4.64% |
| Interest Income | 170.12M | 333.73M | 457.91M | 640.59M | 628.54M | 1.12B | 1.23B |
| Interest Expense | 34.2M | 84.5M | 126.17M | 186.19M | 183.48M | 321.49M | 377.61M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | -27.92M | -113.96M |
| Non-Interest Income | 144K | 203.32M | -281.77M | -53.15M | -91.6M | -51.6M | 3.59M |
| Non-Interest Income % | 0.08% | 37.86% | -159.96% | -9.05% | -17.06% | -4.81% | 0.29% |
| Total Revenue | 170.26M▲ 0% | 537.05M▲ 215.4% | 176.15M▼ 67.2% | 587.43M▲ 233.5% | 536.94M▼ 8.6% | 1.07B▲ 99.8% | 1.24B▲ 0% |
| Revenue Growth % | - | 215.42% | -67.2% | 233.5% | -8.6% | 99.82% | 681.01% |
| Non-Interest Expense | 13.95M | 22.82M | 23.11M | 22.98M | 22.77M | 50.78M | 91.84M |
| Efficiency Ratio | 8.19% | 4.25% | 13.12% | 3.91% | 4.24% | 4.73% | 7.43% |
| Operating Income | 122.12M▲ 0% | 429.73M▲ 251.9% | 26.87M▼ 93.7% | 378.27M▲ 1307.9% | 330.69M▼ 12.6% | 728.56M▲ 120.3% | 723.43M▲ 0% |
| Operating Margin % | 71.72% | 80.02% | 15.25% | 64.39% | 61.59% | 67.91% | 58.53% |
| Operating Income Growth % | - | 251.9% | -93.75% | 1307.93% | -12.58% | 120.31% | - |
| Pretax Income | 122.12M▲ 0% | 429.73M▲ 251.9% | 26.87M▼ 93.7% | 378.27M▲ 1307.9% | 330.69M▼ 12.6% | 728.56M▲ 120.3% | 816.44M▲ 0% |
| Pretax Margin % | 71.72% | 80.02% | 15.25% | 64.39% | 61.59% | 67.91% | 66.06% |
| Income Tax | 0 | 4.92M | 7.87M | 9.13M | 11.47M | 8.19M | 2.89M |
| Effective Tax Rate % | 0% | 1.15% | 29.28% | 2.41% | 3.47% | 1.12% | 0.35% |
| Net Income | 122.12M▲ 0% | 424.81M▲ 247.9% | 19M▼ 95.5% | 369.14M▲ 1842.9% | 319.23M▼ 13.5% | 720.37M▲ 125.7% | 813.55M▲ 0% |
| Net Margin % | 71.72% | 79.1% | 10.79% | 62.84% | 59.45% | 67.14% | 65.82% |
| Net Income Growth % | - | 247.87% | -95.53% | 1842.94% | -13.52% | 125.66% | 165.45% |
| Net Income (Continuing) | 122.12M | 424.81M | 19M | 369.14M | 319.23M | 720.37M | 813.55M |
| EPS (Diluted) | 0.61▲ 0% | 3.05▲ 400.0% | 0.09▼ 97.0% | 1.80▲ 1900.0% | 1.52▼ 15.6% | 1.76▲ 15.8% | 1.75▲ 0% |
| EPS Growth % | - | 400% | -97.05% | 1900% | -15.56% | 15.79% | 31.65% |
| EPS (Basic) | 0.61 | 3.05 | 0.09 | 1.80 | 1.52 | 1.76 | - |
| Diluted Shares Outstanding | 201.37M | 201.37M | 201.37M | 205.01M | 209.77M | 409.42M | 464.27M |
OTF Balance Sheet
Blue Owl Technology Finance Corp. (OTF) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 82.24M | 107.03M | 203.29M | 469.02M | 257M | 667K | 747.09M |
| Cash & Due from Banks | 82.24M | 107.03M | 203.29M | 469.02M | 257M | 667K | 827K |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 0 | 14.29B | 14.07B |
| Investments Growth % | - | - | - | - | - | - | 0% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 14.29B | 14.29B |
| Accounts Receivables | 0 | 43.94M | 47.78M | 50.03M | 47.77M | 83.01M | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 6.14B | 6.41B | 6.13B | 6.42B | -14.29B | 0 |
| Total Current Assets | 0 | 150.97M | 251.08M | 519.05M | 304.77M | 83.68M | 100.4M |
| Total Non-Current Assets | 0 | 6.14B | 6.41B | 6.13B | 6.42B | 0 | 0 |
| Total Assets | 3.16B▲ 0% | 6.29B▲ 99.2% | 6.66B▲ 5.9% | 6.65B▼ 0.2% | 6.72B▲ 1.1% | 14.72B▲ 118.9% | 14.87B▲ 0% |
| Asset Growth % | - | 99.24% | 5.91% | -0.17% | 1.06% | 118.89% | 330.94% |
| Return on Assets (ROA) | 3.87% | 8.99% | 0.29% | 5.54% | 4.77% | 6.72% | 5.81% |
| Accounts Payable | 0 | 43.02M | 59.12M | 101.05M | 123.79M | 0 | 0 |
| Total Debt | 1.61B | 2.64B | 3.16B | 2.95B | 2.91B | 6.29B | 0 |
| Net Debt | 1.53B | 2.54B | 2.95B | 2.48B | 2.66B | 6.29B | -827K |
| Long-Term Debt | 1.51B | 2.64B | 3.16B | 2.95B | 2.91B | 6.29B | 0 |
| Short-Term Debt | 105.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -1.51B | 72.75M | 58.91M | 73.81M | 59.17M | 385.21M | 0 |
| Total Current Liabilities | 0 | 43.02M | 59.12M | 101.05M | 123.79M | 0 | 0 |
| Total Non-Current Liabilities | 0 | 2.72B | 3.22B | 3.02B | 2.97B | 6.67B | 0 |
| Total Liabilities | 1.66B | 2.76B | 3.28B | 3.12B | 3.1B | 6.67B | 7.26B |
| Total Equity | 1.5B▲ 0% | 3.53B▲ 136.0% | 3.39B▼ 4.1% | 3.53B▲ 4.2% | 3.63B▲ 2.7% | 8.04B▲ 121.8% | 7.61B▲ 0% |
| Equity Growth % | - | 135.97% | -4.1% | 4.21% | 2.7% | 121.83% | 370.3% |
| Equity / Assets (Capital Ratio) | 47.4% | 56.14% | 50.84% | 53.07% | 53.92% | 54.65% | 51.15% |
| Return on Equity (ROE) | 8.16% | 16.89% | 0.55% | 10.67% | 8.92% | 12.35% | 10.27% |
| Book Value per Share | 7.43 | 17.54 | 16.82 | 17.22 | 17.28 | 19.64 | 16.38 |
| Tangible BV per Share | 7.43 | 17.54 | 16.82 | 17.22 | 17.28 | 19.64 | 16.38 |
| Common Stock | 1.01M | 2M | 2.03M | 2.07M | 2.12M | 4.64M | 4.61M |
| Additional Paid-in Capital | 1.45B | 3.18B | 3.22B | 3.28B | 3.35B | 7.57B | 0 |
| Retained Earnings | 0 | 353.16M | 169.19M | 247.16M | 270.82M | 0 | 0 |
| Accumulated OCI | 45.93M | 0 | 0 | 0 | 0 | 463.25M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
OTF Cash Flow Statement
Blue Owl Technology Finance Corp. (OTF) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 58.45M | -2.62B | -295.28M | 708.36M | 221.8M | 924.03M | 924.03M |
| Operating CF Growth % | - | -4581.73% | 88.73% | 339.89% | -68.69% | 316.61% | -1680.41% |
| Net Income | 122.12M | 424.81M | 19M | 369.14M | 319.23M | 18.94M | 813.55M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | -25.25M | -30.76M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -65.59M | -3.07B | -286.18M | 302.61M | -104.36M | 988.46M | -589.79M |
| Working Capital Changes | 1.92M | 30.74M | -28.1M | 36.61M | 6.93M | -58.12M | 112.38M |
| Cash from Investing | -1.51B | 0 | 0 | 0 | -157.65M | -1.84B | -2.49B |
| Purchase of Investments | -1.82B | 0 | 0 | 0 | -1.97B | -3.76B | -4.54B |
| Sale/Maturity of Investments | 306.23M | 0 | 0 | 0 | 1.82B | 1.92B | -387.59M |
| Net Investment Activity | -1.51B | 0 | 0 | 0 | -157.65M | -1.84B | -4.93B |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 2.44B |
| Cash from Financing | 1.39B | 2.64B | 391.55M | -442.63M | -276.17M | 941.88M | 1.14B |
| Dividends Paid | -49.3M | -83.27M | -136.32M | -208.74M | -229.95M | -393.73M | -324.34M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -73.45M | -123.63M |
| Stock Issued | 655.83M | 1.7B | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | 655.83M | 1.7B | 0 | 0 | 0 | -73.45M | -123.63M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K |
| Other Financing | 0 | -6.34M | -11.24M | -11.48M | 0 | 0 | 1.85B |
| Net Change in Cash | -60.13M▲ 0% | 24.79M▲ 141.2% | 96.27M▲ 288.3% | 265.72M▲ 176.0% | -212.02M▼ 179.8% | 25.92M▲ 112.2% | -512.85M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 142.36M | 82.24M | 107.03M | 203.29M | 469.02M | 257M | 282.92M |
| Cash at End | 82.24M | 107.03M | 203.29M | 469.02M | 257M | 282.92M | 488.16M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 58.45M▲ 0% | -2.62B▼ 4581.7% | -295.28M▲ 88.7% | 708.36M▲ 339.9% | 221.8M▼ 68.7% | 924.03M▲ 316.6% | -396.05M▲ 0% |
| FCF Growth % | - | -4581.73% | 88.73% | 339.89% | -68.69% | 316.61% | -166.68% |
OTF Banking Ratios
Blue Owl Technology Finance Corp. (OTF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 16.89% | 0.55% | 10.67% | 8.92% | 12.35% | 10.27% |
| Return on Assets (ROA) | 8.99% | 0.29% | 5.54% | 4.77% | 6.72% | 5.81% |
| Net Interest Margin | 3.96% | 4.98% | 6.83% | 6.62% | 5.46% | 4.64% |
| Efficiency Ratio | 4.25% | 13.12% | 3.91% | 4.24% | 4.73% | 7.43% |
| Equity / Assets | 56.14% | 50.84% | 53.07% | 53.92% | 54.65% | 51.15% |
| Book Value / Share | 17.54 | 16.82 | 17.22 | 17.28 | 19.64 | 16.38 |
| NII Growth | 83.36% | 33.11% | 36.97% | -2.06% | 80.43% | 55.03% |
| Dividend Payout | 19.6% | 717.52% | 56.55% | - | 54.66% | 19.15% |
OTF SEC Filings & Documents
Blue Owl Technology Finance Corp. (OTF) SEC filings — annual & quarterly reports (10-K, 10-Q)
OTF Frequently Asked Questions
Blue Owl Technology Finance Corp. (OTF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Blue Owl Technology Finance Corp. (OTF) grew revenue by 99.8% over the past year. This is strong growth.
Yes, Blue Owl Technology Finance Corp. (OTF) is profitable, generating $813.5M in net income for fiscal year 2025 (67.1% net margin).
Dividend & Returns
Yes, Blue Owl Technology Finance Corp. (OTF) pays a dividend with a yield of 8.20%. This makes it attractive for income-focused investors.
Blue Owl Technology Finance Corp. (OTF) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.
Industry Metrics
Blue Owl Technology Finance Corp. (OTF) has a net interest margin (NIM) of 5.5%. This indicates healthy earnings from lending activities.
Blue Owl Technology Finance Corp. (OTF) has an efficiency ratio of 4.7%. This is excellent, indicating strong cost control.
Explore More OTF
Blue Owl Technology Finance Corp. (OTF) financial analysis — history, returns, DCA and operating performance tools
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Revenue History
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