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Blue Owl Technology Finance Corp. (OTF) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · ASSET MANAGEMENT · DATA UPDATED 2026-08-20

Blue Owl Technology Finance Corp. (OTF) operates in the ASSET MANAGEMENT industry and is headquartered in New York, United States. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, OTF reported $1.1B in revenue and $720M in net income.

Blue Owl Technology Finance Corp. is a business development company specializes in upper middle-market, making debt and equity investments such as senior secured or unsecured loans, subordinated loans or mezzanine loans and equity-related securities including common equity, warrants, preferred stock and similar forms

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OTF Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Total Revenue$1.4B$1.1B$537M$587M$176M$537M$170M
Gross Profit$1.1B$779M$353M$401M$50M$453M$136M
Gross Margin %77.5%72.6%65.8%68.3%28.4%84.3%79.9%
Operating Income (EBIT)$666M$729M$331M$378M$27M$430M$122M
Operating Margin %48.3%67.9%61.6%64.4%15.2%80.0%71.7%
Net Income$375M$720M$319M$369M$19M$425M$122M
Net Margin %27.2%67.1%59.5%62.8%10.8%79.1%71.7%
EBITDA$675M$729M$514M$564M$153M$514M$156M
Earnings Per Share (EPS)$1.30$1.76$1.52$1.80$0.09$2.11$0.61
Shares Outstanding (M)461M409M210M205M201M201M201M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OTF Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$322M$427M$310M$320M$295M$139M$154M$174M
Gross Profit$238M$383M$224M$223M$215M$91M$110M$128M
Gross Margin %74.1%89.9%72.1%69.5%73.1%65.6%71.4%73.5%
Operating Income (EBIT)$259M($115M)$207M$315M$202M$82M$104M$122M
Operating Margin %80.4%-26.9%66.8%98.2%68.4%59.4%67.2%70.4%
Net Income$154M($220M)$206M$235M$201M$78M$101M$120M
Net Margin %47.9%-51.5%66.3%73.3%68.3%56.4%65.3%68.8%
EBITDA$263M($115M)$207M$320M$281M$130M$148M$169M
Earnings Per Share (EPS)$0.33$-0.47$0.44$1.00$0.86$0.33$0.45$0.57
Shares Outstanding (M)461M464M464M235M235M235M223M210M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OTF Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Cash from Operations (CFO)($882M)($916M)$222M$708M($295M)($2.6B)$58M
Free Cash Flow (FCF)($882M)($916M)$222M$708M($295M)($2.6B)$58M
FCF Margin %-64.0%-85.4%41.3%120.6%-167.6%-487.7%34.3%
Dividends Paid$621M$394M$230M$209M$136M$83M$49M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OTF Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$226M($61M)($1.2B)$160M($410M)$542M$162M($154M)
Free Cash Flow (FCF)$226M($61M)($1.2B)$160M($410M)$542M$162M($154M)
FCF Margin %70.4%-14.4%-389.4%49.9%-139.1%391.1%104.9%-88.3%
Dividends Paid$166M$167M$156M$132M$0M$106M$57M$61M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OTF Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Total Assets$15.1B$14.7B$6.7B$6.7B$6.7B$6.3B$3.2B
Cash & Cash Equivalents$3M$1M$257M$469M$203M$107M$82M
Total Liabilities$7.5B$6.7B$3.1B$3.1B$3.3B$2.8B$1.7B
Total Debt (Short + Long-Term)$0M$6.3B$2.9B$2.9B$3.2B$0M$106M
Total Shareholders' Equity$7.5B$8.0B$3.6B$3.5B$3.4B$3.5B$1.5B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive OTF viewer.

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