Blackrock Tcp Capital Corp Financials
Financial Health Signals
Blackrock Tcp Capital Corp passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Blackrock Tcp Capital Corp generates $-4.64 in operating cash flow ($293.1M OCF vs -$63.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Blackrock Tcp Capital Corp (TCPC) financial statements, including the 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).
Key Financial Metrics
Blackrock Tcp Capital Corp reported -$63.1M in net income in fiscal year 2024. This represents a decrease of 264.1% from the prior year.
Blackrock Tcp Capital Corp earned $-0.79 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 217.9% from the prior year.
Blackrock Tcp Capital Corp held $91.6M in cash against $1.1B in long-term debt as of fiscal year 2024.
Blackrock Tcp Capital Corp paid $1.46 per share in dividends in fiscal year 2024. This represents a decrease of 13.6% from the prior year.
Blackrock Tcp Capital Corp had 85M shares outstanding in fiscal year 2024. This represents an increase of 47.3% from the prior year.
Blackrock Tcp Capital Corp spent $4.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
TCPC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $415K-18.6% | $510K-20.5% | $641K+17.2% | $547K-7.9% | $594K+5.9% | $561K | N/A | $358K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $16.8M-1.6% | $17.1M+11.5% | $15.3M-27.6% | $21.2M+7.3% | $19.7M+62.3% | $12.2M | N/A | $12.1M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $24.4M+253.2% | -$15.9M-176.1% | $20.9M-3.4% | $21.6M+142.2% | -$51.3M-1113.9% | $5.1M | N/A | $12.8M |
| EPS (Diluted) | $0.29+252.6% | $-0.19-176.0% | $0.250.0% | $0.25+141.7% | $-0.60-850.0% | $0.08 | N/A | $0.25 |
TCPC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B-6.5% | $1.9B+2.0% | $1.9B-1.3% | $1.9B-13.3% | $2.2B-2.8% | $2.3B+34.4% | $1.7B-1.2% | $1.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $61.0M-43.2% | $107.3M+8.3% | $99.1M+8.2% | $91.6M-53.0% | $194.7M+61.5% | $120.6M+7.4% | $112.2M+22.5% | $91.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.1B-10.5% | $1.2B+7.1% | $1.1B-1.8% | $1.1B-15.4% | $1.3B+1.2% | $1.3B+31.5% | $1.0B+2.7% | $984.2M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $1.1B-10.5% | $1.2B+6.9% | $1.1B-1.7% | $1.1B-15.3% | $1.3B+1.3% | $1.3B+32.2% | $985.2M+1.5% | $970.4M |
| Total Equity | $740.0M-0.1% | $740.5M-5.2% | $781.3M-0.5% | $785.1M-10.1% | $873.1M-8.4% | $953.5M+38.7% | $687.6M-6.4% | $735.0M |
| Retained Earnings | -$990.7M0.0% | -$990.4M-4.3% | -$949.8M-0.4% | -$946.0M-152.2% | -$375.1M-27.3% | -$294.7M-5.2% | -$280.1M-20.2% | -$233.0M |
TCPC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $103.7M+347.8% | -$41.9M-179.7% | $52.5M-26.7% | $71.7M-17.1% | $86.4M+158.6% | $33.4M-17.2% | $40.3M-13.4% | $46.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$150.1M-399.7% | $50.1M+211.3% | -$45.0M+46.6% | -$84.3M-583.8% | -$12.3M+50.9% | -$25.1M-27.1% | -$19.7M+74.7% | -$78.0M |
| Dividends Paid | $24.7M0.0% | $24.7M0.0% | $24.7M-34.1% | $37.4M-23.2% | $48.7M+571.6% | $7.3M-78.7% | $34.1M+34.1% | $25.4M |
| Share Buybacks | $163K-40.7% | $274K+919.7% | $27K-99.4% | $4.5M | $0 | $0 | N/A | N/A |
TCPC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 3.3% | N/A | 2.7%+0.2pp | 2.5% | N/A | 0.5% | N/A | 1.7% |
| Return on Assets | 1.4%+2.2pp | -0.8%-1.9pp | 1.1%+0.0pp | 1.1%+3.4pp | -2.3%-2.5pp | 0.2% | N/A | 0.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.42-0.2 | 1.59+0.2 | 1.41-0.0 | 1.42-0.1 | 1.51+0.1 | 1.37-0.1 | 1.43+0.1 | 1.32 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Blackrock Tcp Capital Corp profitable?
No, Blackrock Tcp Capital Corp (TCPC) reported a net income of -$63.1M in fiscal year 2024.
What is Blackrock Tcp Capital Corp's earnings per share (EPS)?
Blackrock Tcp Capital Corp (TCPC) reported diluted earnings per share of $-0.79 for fiscal year 2024. This represents a -217.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Blackrock Tcp Capital Corp have?
As of fiscal year 2024, Blackrock Tcp Capital Corp (TCPC) had $91.6M in cash and equivalents against $1.1B in long-term debt.
Does Blackrock Tcp Capital Corp pay dividends?
Yes, Blackrock Tcp Capital Corp (TCPC) paid $1.46 per share in dividends during fiscal year 2024.
What is Blackrock Tcp Capital Corp's operating cash flow?
Blackrock Tcp Capital Corp (TCPC) generated $293.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Blackrock Tcp Capital Corp's total assets?
Blackrock Tcp Capital Corp (TCPC) had $1.9B in total assets as of fiscal year 2024, including both current and long-term assets.
Does Blackrock Tcp Capital Corp buy back shares?
Yes, Blackrock Tcp Capital Corp (TCPC) spent $4.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Blackrock Tcp Capital Corp have outstanding?
Blackrock Tcp Capital Corp (TCPC) had 85M shares outstanding as of fiscal year 2024.
What is Blackrock Tcp Capital Corp's debt-to-equity ratio?
Blackrock Tcp Capital Corp (TCPC) had a debt-to-equity ratio of 1.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Blackrock Tcp Capital Corp's return on assets (ROA)?
Blackrock Tcp Capital Corp (TCPC) had a return on assets of -3.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Blackrock Tcp Capital Corp's Piotroski F-Score?
Blackrock Tcp Capital Corp (TCPC) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Blackrock Tcp Capital Corp's earnings high quality?
Blackrock Tcp Capital Corp (TCPC) has an earnings quality ratio of -4.64x, considered mixed quality. 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.