Blue Owl Technology Finance Corp. OTF
Blue Owl Technology Finance Corp. is a Maryland corporation formed on July 12, 2018. We are focused primarily on making loans to, and making debt and equity investments in technology-related, specifically software, companies based primarily in the United States. We originate and invest in 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, which may or may not be convertible into a portfolio company's common equity. Our investment objective is to maximize total return by generating current income from debt investments and other income producing securities, and capital appreciation from our equity and equity-linked investments. We may hold our investments directly or through special purpose vehicles.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3M | $27.0K | — | — | — | — | — | — |
| Interest expense | $321.5M | $192.7M | $195.5M | $136.5M | $93.8M | — | — | — |
| Net income | $720.4M | $319.2M | $369.1M | $19.0M | $424.8M | — | — | — |
| EPS, basic | — | 1.52 | 1.80 | 0.09 | 3.05 | — | — | — |
| EPS, diluted | — | 1.52 | 1.80 | 0.09 | 3.05 | — | — | — |
| Shares, diluted (wtd. avg.) | $409.4M | $209.8M | $205.0M | $201.4M | $139.2M | $85.4M | $36.7M | $9.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $282.9M | $257.0M | $469.0M | $203.3M | $107.0M | $82.2M | — | — |
| Total assets | $14.72B | $6.72B | $6.65B | $6.66B | — | — | — | — |
| Long-term debt | $6.29B | $2.91B | $2.95B | $3.16B | — | — | — | — |
| Total liabilities | $6.67B | $3.10B | $3.12B | $3.28B | — | — | — | — |
| Retained earnings | $463.2M | $270.8M | $247.2M | $169.2M | — | — | — | — |
| Total equity | $8.04B | $3.63B | $3.53B | $3.39B | $3.53B | $1.50B | $777.2M | $286.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$916.0M | $64.2M | $708.4M | -$295.3M | -$2.62B | — | — | — |
| Financing cash flow | $941.9M | -$276.2M | -$442.6M | $391.6M | $2.64B | — | — | — |
| Dividends paid | $393.7M | $230.0M | $208.7M | $136.3M | $83.3M | — | — | — |
| Buybacks | $73.4M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001747777-26-000012.