Blue Owl Technology Finance (OTF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OTF SEC filings page.
Blue Owl Technology Finance Corp. (OTF) reported $1.3B in revenue over the twelve months to Sep 30, 2026, up 33.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025's reported growth came with a balance-sheet doubling and negative operating cash flow, making financing structure more informative than margins.
From FY2024 to FY2025, total assets rose118.9% while long-term debt rose115.8% . ROA increased only0.2 percentage points to4.9% , so earnings expanded alongside the balance sheet rather than through a major improvement in asset productivity.
The accounting result did not translate into cash: FY2025 net income was
Liabilities represented
Financial Health Signals
We do not publish a peer-relative financial health score for Blue Owl Technology Finance Corp., because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Blue Owl Technology Finance Corp. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, Blue Owl Technology Finance Corp. used $1.27 of operating cash (-$916.0M OCF vs $720.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Blue Owl Technology Finance Corp. generated $341.3M in revenue in Q3 2026. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.
Blue Owl Technology Finance Corp. reported $219.3M in net income in Q3 2026. This represents a decrease of 6.7% from the same quarter a year earlier. Against the prior quarter it is up 42.2%.
Blue Owl Technology Finance Corp. earned $0.48 per diluted share (EPS) in Q3 2026. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is up 45.5%.
Not reported for Q3 2026.
Cash & Balance Sheet
Blue Owl Technology Finance Corp. held $220.8M in cash against $7.2B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Blue Owl Technology Finance Corp.'s net profit margin was 64.2% in Q3 2026, showing the share of revenue converted to profit. This is down 8.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.6 percentage points.
Blue Owl Technology Finance Corp.'s quarterly ROE was 2.9% in Q3 2026: one quarter's net income over shareholder equity, not annualized. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
Blue Owl Technology Finance Corp. spent $55.2M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 521.3% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.
Not reported for Q3 2026.
Not reported for Q3 2026.
OTF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $341.3M+5.8% | $338.0M+5.8% | $325.9M+78.3% | $320.6M+92.3% | $322.6M+88.8% | $319.5M+83.4% | $182.8M+6.1% | $166.7M-6.4% |
| Interest Expense | $117.3M+37.3% | $108.8M+24.6% | $103.8M+100.9% | $97.1M+107.6% | $85.4M+76.9% | $87.3M+80.2% | $51.7M+4.9% | $46.8M-4.7% |
| Net Income | $219.3M-6.7% | $154.2M-23.5% | -$219.9M-381.4% | $205.8M+104.4% | $234.9M+96.5% | $201.5M+2382.9% | $78.1M-14.0% | $100.7M-0.9% |
| EPS (Basic) | $0.48-4.0% | $0.33-23.3% | -$0.47 | N/A | $0.50 | $0.43 | $0.33 | $0.48-2.0% |
| EPS (Diluted) | $0.48-4.0% | $0.33-23.3% | -$0.47 | N/A | $0.50 | $0.43 | $0.33 | $0.48-2.0% |
| Diluted Shares (Avg) | 456M-2.3% | 461M-0.9% | 464M | N/A | 467M | 465M | 235M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax.
OTF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.2B+13.3% | $15.1B+15.4% | $14.9B+12.5% | $14.7B+118.9% | $13.4B+100.5% | $13.0B+99.1% | $13.2B+98.2% | $6.7B+1.1% |
| Cash & Equivalents | $220.8M-44.4% | $213.5M+25.2% | $488.2M-51.2% | $282.9M+10.1% | $397.1M+113.0% | $170.5M-48.5% | $1.0B+100.3% | $257.0M-45.2% |
| Total Liabilities | $7.7B+43.3% | $7.5B+48.6% | $7.3B+37.8% | $6.7B+115.4% | $5.3B+71.9% | $5.1B+66.4% | $5.3B+69.8% | $3.1B-0.8% |
| Long-Term Debt | $7.2B+44.4% | $7.2B+50.6% | $6.9B+34.6% | $6.3B+115.8% | $5.0B+67.7% | $4.8B+65.1% | $5.1B+73.5% | $2.9B-1.1% |
| Total Equity | $7.5B-6.6% | $7.5B-5.6% | $7.6B-4.3% | $8.0B+121.8% | $8.1B+125.3% | $8.0B+127.5% | $7.9B+122.9% | $3.6B+2.7% |
| Retained Earnings | $95.7M-73.7% | $57.8M-81.7% | $86.6M-68.7% | $463.2M+71.1% | $363.4M+58.3% | $315.1M+68.8% | $276.4M+5.6% | $270.8M+9.6% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
OTF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $181.6M+14.4% | -$316.7Mn/m | -$197.3M-136.4% | -$1.2B-846.1% | $158.7Mn/m | -$410.2Mn/m | $542.2M+586.4% | $161.7M-35.9% |
| Financing Cash Flow | -$174.4M-356.7% | $42.0Mn/m | $402.5M+99.5% | $1.1Bn/m | $67.9M+665.9% | -$420.3Mn/m | $201.8Mn/m | -$91.2Mn/m |
| Dividends Paid | $183.1M+38.3% | $166.2M | $167.2M+58.4% | $155.8M+175.2% | $132.4M+117.2% | N/A | $105.6M+87.2% | $56.6M-0.1% |
| Share Buybacks | $55.2M+521.3% | $55.1Mn/m | $50.2Mn/m | $64.6Mn/m | $8.9M | $0 | $0 | $0 |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
OTF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 64.2%-8.6pp | 45.6%-17.5pp | -67.5%-110.2pp | 64.2%+3.8pp | 72.8%+2.9pp | 63.1%+58.4pp | 42.7%-10.0pp | 60.4%+3.4pp |
| Return on Equity | 2.9%0.0pp | 2.1%-0.5pp | -2.9%-3.9pp | 2.6%-0.2pp | 2.9%-0.4pp | 2.5%+2.3pp | 1.0%-1.6pp | 2.8%-0.1pp |
| Return on Assets | 1.4%-0.3pp | 1.0%-0.5pp | -1.5%-2.1pp | 1.4%-0.1pp | 1.8%0.0pp | 1.5%+1.4pp | 0.6%-0.8pp | 1.5%0.0pp |
| Debt-to-Equity | 0.95+0.3x | 0.95+0.4x | 0.91+0.3x | 0.780.0x | 0.62-0.2x | 0.60-0.2x | 0.65-0.2x | 0.800.0x |
| Liabilities-to-Equity | 1.02+0.4x | 1.00+0.4x | 0.96+0.3x | 0.830.0x | 0.66-0.2x | 0.63-0.2x | 0.66-0.2x | 0.850.0x |
| Asset Turnover | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.010.0x | 0.020.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Blue Owl Technology Finance Corp. OTF | FY2025 | $1.1B | $720.4M | 62.9% | $4.3B | — |
| Blue Owl Capital Corporation OBDC | FY2025 | $1.9B | $627.4M | 33.9% | $5.4B | 51/100 |
| Blackstone Secured Lending Fund BXSL | FY2025 | $1.4B | $563.5M | 39.7% | $5.5B | 54/100 |
| Golub Capital BDC, Inc. GBDC | FY2025 | $870.8M | $376.6M | 43.3% | $3.3B | 62/100 |
| FS KKR Capital Corp. FSK | FY2025 | $1.5B | $11.0M | 0.7% | $3.2B | 26/100 |
| Main Street Capital Corporation MAIN | FY2025 | $566.4M | $493.4M | 87.1% | $5.3B | 66/100 |
Where Blue Owl Technology Finance Corp. Ranks
Frequently Asked Questions
Blue Owl Technology Finance Corp. (OTF) reported $1.1B in total revenue for fiscal year 2025. This represents a 67.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Blue Owl Technology Finance Corp. (OTF) revenue grew by 67.5% year-over-year, from $684.0M to $1.1B in fiscal year 2025.
Yes, Blue Owl Technology Finance Corp. (OTF) reported a net income of $359.4M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $720.4M, with a net profit margin of 62.9%.
As of fiscal year 2025, Blue Owl Technology Finance Corp. (OTF) had $282.9M in cash and equivalents against $6.3B in long-term debt.
Blue Owl Technology Finance Corp. (OTF) had a net profit margin of 62.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Blue Owl Technology Finance Corp. (OTF) has a return on equity of 9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Blue Owl Technology Finance Corp. (OTF) recorded an outflow of $916.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Blue Owl Technology Finance Corp. (OTF) had $14.7B in total assets as of fiscal year 2025, including both current and long-term assets.
Blue Owl Technology Finance Corp. (OTF) had a debt-to-equity ratio of 0.78 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Blue Owl Technology Finance Corp. (OTF) had a liabilities-to-equity ratio of 0.83 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Blue Owl Technology Finance Corp. (OTF) had a return on assets of 4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Blue Owl Technology Finance Corp. (OTF) trades at 12.0x earnings, its market capitalization divided by $359.4M net income, trailing 12 months to September 30, 2026. The market capitalization is $4.3B as of Nov 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Blue Owl Technology Finance Corp. (OTF) trades at 3.2x sales, its market capitalization divided by $1.3B revenue, trailing 12 months to September 30, 2026. The market capitalization is $4.3B as of Nov 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Blue Owl Technology Finance Corp. (OTF) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
For every $1 of reported earnings, Blue Owl Technology Finance Corp. (OTF) used $1.27 of operating cash (-$916.0M OCF vs $720.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.