Blue Owl Technology Finance Corp. OTF

NYSE

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.

Last close 9.12 2026-10-23
Market cap $4.18B 2026-06-30 share count
52-week range 8.76 - 15.00

Valuation FY2025 figures against the last close

P/S3,106.8x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield9.4%
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
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 —1.521.800.093.05———
EPS, diluted —1.521.800.093.05———
Shares, diluted (wtd. avg.) 409.4M209.8M205.0M201.4M139.2M85.4M36.7M9.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Net income, FY2021: 424.8M Net income, FY2022: 19M Net income, FY2023: 369.1M Revenue, FY2024: 27K Net income, FY2024: 319.2M Revenue, FY2025: 1.3M Net income, FY2025: 720.4M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — $27.0K $1.3M
Gross profit — — — — — — — —
Net income — — — $424.8M $19.0M $369.1M $319.2M $720.4M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.