BlackRock TCP Capital Corp. (TCPC) 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 Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TCPC SEC filings page.
This page shows BlackRock TCP Capital Corp. (TCPC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
The reported investment vehicle is shrinking its asset base while losses deepen and debt becomes heavier relative to equity.
Between FY2024 and FY2025, total assets fell from$1.9B to$1.7B while liabilities stayed near$1.1B . Equity absorbed the contraction, with debt-to-equity rising from 1.4x to 1.7x, so the balance sheet became more debt-dependent even as the portfolio base shrank.
Net income moved from a
Operating cash flow fell from
Financial Health Signals
BlackRock TCP Capital Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
BlackRock TCP Capital Corp. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
BlackRock TCP Capital Corp. reported a net loss of $88.9M while generating $154.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
BlackRock TCP Capital Corp. reported $1.7M in net income in Q2 2026. This represents an increase of 111.0% from the same quarter a year earlier. Against the prior quarter it is up 110.7%.
BlackRock TCP Capital Corp. earned $0.02 per diluted share (EPS) in Q2 2026. This represents an increase of 110.5% from the same quarter a year earlier. Against the prior quarter it is up 110.5%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
BlackRock TCP Capital Corp. held $157.5M in cash against $910.6M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
BlackRock TCP Capital Corp.'s ROE was 0.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
BlackRock TCP Capital Corp. spent $591K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 115.1% from the same quarter a year earlier. Against the prior quarter it is down 74.1%.
Not reported for Q2 2026.
Not reported for Q2 2026.
TCPC 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $410K-19.6% | $500K-22.1% | N/A | $415K-24.2% | $510K-14.2% | $641K+14.3% | N/A | $547K+53.0% |
| Interest Expense | $15.0M-12.2% | $14.7M-4.0% | N/A | $16.8M-20.5% | $17.1M-13.4% | $15.3M+26.2% | N/A | $21.2M+74.4% |
| Net Income | $1.7M+111.0% | -$16.3M-178.0% | N/A | $24.4M+12.7% | -$15.9M+69.0% | $20.9M+313.2% | N/A | $21.6M+68.7% |
| EPS (Basic) | $0.02+110.5% | -$0.19-176.0% | -$1.40-197.9% | $0.29+16.0% | -$0.19+68.3% | $0.25+212.5% | -$0.47-104.3% | $0.250.0% |
| EPS (Diluted) | $0.02+110.5% | -$0.19-176.0% | -$1.40-197.9% | $0.29+16.0% | -$0.19+68.3% | $0.25+212.5% | -$0.47-104.3% | $0.25 |
| Diluted Shares (Avg) | 84M-1.3% | 84M-0.9% | N/A | 85M-0.7% | 85M-0.6% | 85M+37.1% | N/A | 86M |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
TCPC 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B-23.8% | $1.5B-20.5% | $1.7B-14.2% | $1.8B-11.6% | $1.9B-12.7% | $1.9B-16.8% | $1.9B+13.2% | $2.0B+19.1% |
| Cash & Equivalents | $157.5M+46.8% | $93.3M-5.9% | $61.1M-33.3% | $61.0M-41.5% | $107.3M-44.9% | $99.1M-17.8% | $91.6M-18.4% | $104.2M+13.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $924.5M-22.7% | $944.4M-15.5% | $1.1B-7.5% | $1.1B-9.4% | $1.2B-11.1% | $1.1B-16.0% | $1.1B+12.5% | $1.2B+20.1% |
| Long-Term Debt | $910.6M-22.5% | $925.8M-15.7% | $1.0B-7.4% | $1.1B-9.3% | $1.2B-11.0% | $1.1B-15.7% | $1.1B+13.5% | $1.2B+19.5% |
| Total Equity | $552.0M-25.5% | $565.1M-27.7% | $598.0M-23.8% | $740.0M-14.5% | $740.5M-15.2% | $781.3M-18.1% | $785.1M+14.2% | $865.6M+17.8% |
| Retained Earnings | -$1.2B-18.7% | -$1.2B-22.4% | -$1.1B-19.7% | -$990.7M-159.0% | -$990.4M-164.1% | -$949.8M-222.3% | -$946.0M-237.7% | -$382.5M-64.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
TCPC 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $96.3M+330.0% | $159.1M+203.1% | $40.5M-43.4% | $103.7M+2.1% | -$41.9M-148.4% | $52.5M+57.1% | $71.7M+77.7% | $101.6M+118.3% |
| Financing Cash Flow | -$32.0M-163.9% | -$126.9M-182.2% | -$40.5M+52.0% | -$150.1M+21.9% | $50.1M+506.3% | -$45.0M-79.3% | -$84.3M-326.8% | -$192.1M-146.2% |
| Dividends Paid | $14.3M-42.2% | $14.3M-42.0% | $21.2M-43.4% | $24.7M-15.3% | $24.7M-49.4% | $24.7M+240.0% | $37.4M+9.8% | $29.1M+14.5% |
| Share Buybacks | $591K+115.1% | $2.3M+8376.1% | $2.5M-43.7% | $163K | $274K | $27K | $4.5M | $0 |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
TCPC 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 0.3%+2.5pp | -2.9%-5.5pp | N/A | 3.3%+0.8pp | -2.1%+3.7pp | 2.7%+2.1pp | N/A | 2.5%+0.8pp |
| Return on Assets | 0.1%+0.9pp | -1.1%-2.2pp | N/A | 1.4%+0.3pp | -0.8%+1.5pp | 1.1%+0.9pp | N/A | 1.1%+0.3pp |
| Debt-to-Equity | 1.65+0.1x | 1.64+0.2x | 1.73+0.3x | 1.42+0.1x | 1.59+0.1x | 1.410.0x | 1.420.0x | 1.340.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, 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.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BlackRock TCP Capital Corp. TCPC | FY2025 | N/A | -$88.9M | N/A | $354.1M | — |
| Crescent Capital BDC, Inc. CCAP | FY2025 | N/A | $34.5M | N/A | $330.1M | — |
| Gladstone Capital Corp GLAD | FY2025 | N/A | $57.2M | N/A | $427.5M | — |
Where BlackRock TCP Capital Corp. Ranks
Frequently Asked Questions
Is BlackRock TCP Capital Corp. profitable?
No, BlackRock TCP Capital Corp. (TCPC) reported a net income of -$88.9M in fiscal year 2025.
How much debt does BlackRock TCP Capital Corp. have?
As of fiscal year 2025, BlackRock TCP Capital Corp. (TCPC) had $61.1M in cash and equivalents against $1.0B in long-term debt.
Does BlackRock TCP Capital Corp. pay dividends?
Yes, BlackRock TCP Capital Corp. (TCPC) paid $1.12 per share in dividends during fiscal year 2025.
What is BlackRock TCP Capital Corp.'s return on equity (ROE)?
BlackRock TCP Capital Corp. (TCPC) has a return on equity of -14.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BlackRock TCP Capital Corp.'s operating cash flow?
BlackRock TCP Capital Corp. (TCPC) generated $154.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BlackRock TCP Capital Corp.'s total assets?
BlackRock TCP Capital Corp. (TCPC) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What is BlackRock TCP Capital Corp.'s debt-to-equity ratio?
BlackRock TCP Capital Corp. (TCPC) had a debt-to-equity ratio of 1.73 as of fiscal year 2025, 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 -5.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BlackRock TCP Capital Corp.'s P/E ratio?
BlackRock TCP Capital Corp. (TCPC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $354.1M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BlackRock TCP Capital Corp.'s price-to-sales ratio?
BlackRock TCP Capital Corp. (TCPC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $354.1M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BlackRock TCP Capital Corp.'s Piotroski F-Score?
BlackRock TCP Capital Corp. (TCPC) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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.
Are BlackRock TCP Capital Corp.'s earnings high quality?
BlackRock TCP Capital Corp. (TCPC) reported a net loss of $88.9M while generating $154.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.