Financial health
- Total debt ($6.3B) exceeds cash ($283M); net debt is $6.0B.
Shareholder returns
- Dividends have been paid for 5 consecutive years, consuming 54.7% of earnings.
- The dividend has grown 47.5% per year over the past 4 years.
OTF Financials Blue Owl Technology Finance Corp.
5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $720M | — | — | 9.0% | 4.9% | — | $6.3B | $283M |
| 2024 | — | $319M | — | — | 8.8% | 4.7% | — | $2.9B | $257M |
| 2023 | — | $369M | — | — | 10.5% | 5.5% | — | $2.9B | $469M |
| 2022 | — | $19M | — | — | 0.6% | 0.3% | — | $3.2B | $203M |
| 2021 | — | $425M | — | — | 12.0% | — | — | — | $107M |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $154M | — | — | 2.0% | 1.0% | — | $7.2B | $214M |
| Mar '26 | — | -$220M | — | — | -2.9% | -1.5% | — | $6.9B | $488M |
| Dec '25 | — | $206M | — | — | 2.6% | 1.4% | — | $6.3B | $283M |
| Sep '25 | — | $235M | — | — | 2.9% | 1.8% | — | $5.0B | $397M |
| Jun '25 | — | $201M | — | — | 2.5% | 1.5% | — | $4.8B | $171M |
| Mar '25 | — | $78M | — | — | 1.0% | 0.6% | — | $5.1B | $1.0B |
| Dec '24 | — | $101M | — | — | 2.8% | 1.5% | — | $2.9B | $257M |
| Sep '24 | — | $120M | — | — | 3.3% | 1.8% | — | $3.0B | $186M |
| Jun '24 | — | $8M | — | — | 0.2% | 0.1% | — | $2.9B | $331M |
| Mar '24 | — | $91M | — | — | 2.5% | 1.4% | — | $3.0B | $500M |
| Dec '23 | — | $102M | — | — | 2.9% | 1.5% | — | $2.9B | $469M |
| Sep '23 | — | $57M | — | — | 1.6% | 0.9% | — | $2.9B | $261M |
| Jun '23 | — | $114M | — | — | 3.3% | 1.7% | — | $2.9B | $79M |
| Mar '23 | — | $97M | — | — | 2.8% | 1.4% | — | $3.2B | $218M |
| Dec '22 | — | $45M | — | — | 1.3% | 0.7% | — | $3.2B | $203M |
| Sep '22 | — | $153M | — | — | 4.5% | — | — | — | $41M |
| Jun '22 | — | -$144M | — | — | -4.4% | — | — | — | $116M |
| Mar '22 | — | -$35M | — | — | -1.0% | — | — | — | $144M |
Valuation over time
How the market has priced OTF against its own fundamentals since 2025-06 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 21.9× (Jun '25) to 7.3× (Sep '26).
- The dividend yield has risen from 3.3% (Jun '25) to 7.5% (Sep '26).
P/E
Dividend yield %
Frequently asked questions
Is OTF growing its revenue and profit?
See the revenue and net-income charts above for Blue Owl Technology Finance Corp.'s multi-year trend.
How much debt does OTF have?
As of FY2025, Blue Owl Technology Finance Corp. reported $6.3B of total debt against $283M of cash.
What is OTF's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is OTF's P/E ratio?
As of Sep '26, Blue Owl Technology Finance Corp. traded at a price-to-earnings ratio of about 7.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.