BlackRock Technology and Private Equity Term Trust (BTX) Balance Sheet
BTX balance sheet, 2025
December 31, 2025 · U.S. dollars$939.0M assets = $23.5M liabilities + $915.5M equity
Both columns are drawn to the same scale: what BTX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BTX financial health
Current ratio0.13
Tight · current assets cover current liabilities 0.13×
Equity / assets97.5%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
BTX balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $16.7M2016 | $939.0M2025 | +56.5%/yr | |
| Total liabilities | $12.6M2016 | $23.5M2025 | +7.1%/yr | |
| Shareholders’ equity | $4.1M2016 | $915.5M2025 | +82.5%/yr | |
| Cash & short-term investments | $5.7M2016 | $449,0802025 | −24.6%/yr | |
| Total debt | $5.4M2016 | $41.8M2023 | +34.0%/yr | |
| Net cash (debt) | $304,0002016 | −$41.8M2023 | −$42.1M | |
| Working capital | $4.0M2016 | −$9.0M2025 | −$13.0M | |
| Book value per share | $16.032021 | $7.842025 | −16.4%/yr | |
| Current ratio | 1.602016 | 0.132025 | −1.47 | |
| Debt / equity | 1.322016 | 0.022023 | −1.30 | |
| Shares outstanding | 248.3M2021 | 116.7M2025 | −17.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BTX assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
BTX liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
BTX debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BTX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $449,080 | $0 | $367 | $335 | $1,101 | $1.6M | $3.3M | $2.5M | $3.4M | $5.7M |
| Cash & equivalents | $449,080 | $0 | $367 | $335 | $1,101 | $1.6M | $3.3M | $23.6M | $3.4M | $5.7M |
| Short-term investments | — | — | — | — | — | — | — | $7.2M | $1.3M | $627,000 |
| Receivables | $938,207 | $66,689 | $332,876 | $4.2M | $6.4M | $116 | $1.2M | $850,000 | $714,000 | $928,000 |
| Inventory | $0 | $0 | $0 | −$951,000 | $0 | $0 | $1.1M | $0 | $0 | $0 |
| Other current assets | $0 | — | $0 | $0 | $0 | $101,884 | $526,000 | $3.8M | $5.5M | $4.0M |
| Total current assets | $1.4M | — | $367 | $335 | $1,101 | $1.7M | $6.1M | $7.2M | $9.6M | $10.7M |
| Property, plant & equipment (net) | $0 | $0 | $33.3M | $1.3M | $3.2M | $2.7M | $4.9M | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $2.0M | $2.0M | $8.9M | $8.0M | $2.6M | $3.8M | $2.5M | $1.9M |
| Long-term investments | $937.6M | $1.81B | $2.07B | $2.05B | $1.0M | $0 | $0 | $33.7M | $117.2M | $100.0M |
| Other non-current assets | $0 | $75,092 | $0 | $874,919 | $4.01B | $453,000 | $1.7M | $56.9M | $0 | $0 |
| Total assets | $939.0M | $1.81B | $2.07B | $2.06B | $4.02B | $12.9M | $15.3M | $101.7M | $16.6M | $16.7M |
| Liabilities | ||||||||||
| Accounts payable | $8.8M | $0 | $1.1M | $17.7M | $4.3M | $1.3M | $835,000 | $2.6M | $938,000 | $1.6M |
| Short-term debt | — | — | $4.4M | $2.0M | $852,000 | $799,000 | $3.2M | $70,000 | $152,000 | $932,000 |
| Deferred revenue | — | — | $190,000 | — | $1.2M | $76,000 | $460,000 | — | — | — |
| Total current liabilities | $10.4M | — | $6.6M | $7.7M | $3.7M | $3.1M | $6.1M | $5.4M | $10.7M | $6.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $532,000 | $0 | $2.7M | $8,000 | $5.1M |
| Lease obligations | — | — | — | — | $2.7M | $2.2M | — | — | — | — |
| Other long-term liabilities | $13.1M | — | $40.3M | $2.5M | $22.2M | $1.6M | $4.1M | $1.3M | $279,000 | $861,000 |
| Total liabilities | $23.5M | $23.6M | $40.7M | $30.2M | $37.5M | $5.2M | $10.2M | $9.4M | $11.0M | $12.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.83B | $3.72B | $4.02B | $4.25B | $4.59B | $25.8M | $14,000 | $12.4M | $13,000 | $11,000 |
| Retained earnings (deficit) | −$1.92B | −$1.94B | −$2.00B | −$2.22B | −$605.4M | −$18.1M | −$131.5M | −$2.0M | −$129.1M | −$128.0M |
| Treasury stock | — | — | — | — | — | −$456,000 | −$456,000 | −$456,000 | −$456,000 | −$456,000 |
| Accumulated other comprehensive income | — | — | −$1,000 | — | — | $245,000 | $268,000 | — | $451,000 | −$738,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $915.5M | $1.78B | $2.03B | $2.03B | $3.98B | $7.7M | $5.1M | $92.2M | $5.5M | $4.1M |
| Key figures | ||||||||||
| Total debt | — | — | $41.8M | $4.1M | $2.7M | $2.9M | $6.1M | $2.8M | $172,000 | $5.4M |
| Net cash (debt) | — | — | −$41.8M | −$4.1M | −$2.7M | −$1.3M | −$2.8M | −$234,000 | $3.2M | $304,000 |
| Working capital | −$9.0M | — | −$6.6M | −$7.7M | −$3.7M | −$1.4M | −$25,000 | $1.8M | −$1.1M | $4.0M |
| Tangible book value | $915.5M | $1.78B | $2.02B | $2.02B | $3.97B | −$375,000 | $2.5M | $88.5M | $3.1M | $2.1M |
| Book value per share | $7.84 | $8.27 | $9.39 | $8.45 | $16.03 | — | — | — | — | — |
| Shares outstanding | 116.7M | 215.9M | 215.9M | 239.7M | 248.3M | — | — | — | — | — |
| Current ratio | 0.13 | — | 0.00 | 0.00 | 0.00 | 0.55 | 1.00 | 1.33 | 0.90 | 1.60 |
| Quick ratio | 0.13 | — | 0.05 | 0.55 | 1.74 | 0.52 | 0.73 | 0.63 | 0.38 | 1.00 |
| Debt / equity | — | — | 0.02 | 0.00 | 0.00 | 0.38 | 1.19 | 0.03 | 0.03 | 1.32 |
| Equity / assets | 97.5% | 98.7% | 98.0% | 98.5% | 99.1% | 59.3% | 33.3% | 90.7% | 33.4% | 24.4% |
| Dec '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $449,080 | $236,677 | $0 | $4.3M | $55,908 | $5.1M | $367 | $4.6M | $45,054 | $5.4M | $335 | $13.3M |
| Cash & equivalents | $449,080 | $236,677 | $0 | $4.3M | $55,908 | $5.1M | $367 | $4.6M | $45,054 | $5.4M | $335 | $13.3M |
| Receivables | $938,207 | $9.8M | $66,689 | $187,000 | $1.1M | $351,000 | $332,876 | $1.8M | $352,619 | $647,000 | $4.2M | $926,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$951,000 | $0 |
| Other current assets | $0 | $36,128 | — | $279,000 | $0 | $697,000 | $0 | $704,000 | $0 | $471,000 | $10.4M | $1.7M |
| Total current assets | $1.4M | $10.0M | — | $4.7M | $55,908 | $6.2M | $367 | $7.0M | $45,054 | $6.5M | $13.7M | $15.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $824,000 | $36.6M | $37.2M | $33.3M | $35.0M | $35.5M | $1.2M | $1.3M | $2.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M |
| Long-term investments | $937.6M | $1.63B | $1.81B | $0 | $1.94B | $0 | $2.07B | $0 | $2.19B | $0 | $0 | $68,000 |
| Other non-current assets | $0 | $0 | $75,092 | $120,000 | $0 | $4.2M | $0 | $8.1M | $0 | $5.3M | $2.04B | $819,000 |
| Total assets | $939.0M | $1.64B | $1.81B | $7.7M | $1.94B | $49.7M | $2.07B | $52.2M | $2.19B | $15.1M | $2.06B | $20.9M |
| Liabilities | ||||||||||||
| Accounts payable | $8.8M | $14.3M | $0 | $2.2M | $2.3M | $2.1M | $1.1M | $1.5M | $13.8M | $1.5M | $17.7M | $1.1M |
| Short-term debt | — | — | — | $201,000 | $8.5M | $5.7M | $4.4M | $2.8M | $1.9M | $1.9M | $2.0M | $439,000 |
| Deferred revenue | — | — | — | — | $189,000 | $189,000 | $190,000 | $349,000 | $250,000 | $250,000 | — | — |
| Total current liabilities | $10.4M | $16.6M | — | $10.0M | $9.6M | $7.8M | $6.6M | $9.6M | $7.2M | $5.4M | $7.7M | $7.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | — | — | — | — | $2.8M |
| Other long-term liabilities | $13.1M | $12.0M | — | $43.2M | $45.4M | $45.3M | $40.3M | $39.1M | $35.9M | $2.3M | $2.5M | $4.6M |
| Total liabilities | $23.5M | $28.6M | $23.6M | $53.1M | $38.8M | $53.1M | $40.7M | $48.7M | $57.4M | $7.7M | $30.2M | $12.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.83B | $3.72B | $3.72B | $27,000 | $4.02B | $27,000 | $4.02B | $27,000 | $4.23B | $26,000 | $4.25B | $15,000 |
| Retained earnings (deficit) | −$1.92B | −$2.11B | −$1.94B | −$225.8M | −$2.12B | −$193.6M | −$2.00B | −$180.8M | −$2.10B | −$170.7M | −$2.22B | −$160.8M |
| Accumulated other comprehensive income | — | — | — | — | −$1,000 | −$1,000 | −$27,000 | −$1,000 | −$1,000 | — | — | — |
| Total shareholders' equity | $915.5M | $1.61B | $1.78B | −$45.4M | $1.90B | −$3.4M | $2.03B | $3.6M | $2.13B | $7.4M | $2.03B | $8.8M |
| Key figures | ||||||||||||
| Total debt | — | — | — | $33.5M | $49.2M | $47.5M | $41.8M | $41.2M | $37.2M | $3.5M | $4.1M | $2.8M |
| Net cash (debt) | — | — | — | −$29.3M | −$49.1M | −$42.3M | −$41.8M | −$36.7M | −$37.2M | $1.9M | −$4.1M | $10.5M |
| Working capital | −$9.0M | −$6.6M | — | −$5.2M | −$9.5M | −$1.6M | −$6.6M | −$2.6M | −$7.1M | $1.1M | $6.0M | $8.4M |
| Tangible book value | $915.5M | $1.61B | $1.78B | −$47.4M | $1.90B | −$5.5M | $2.02B | $1.5M | $2.13B | $5.3M | $2.02B | $6.8M |
| Book value per share | $7.84 | $7.55 | $8.37 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 116.7M | 213.3M | 213.3M | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.13 | 0.60 | — | 0.48 | 0.01 | 0.79 | 0.00 | 0.73 | 0.01 | 1.21 | 1.79 | 2.12 |
| Quick ratio | 0.13 | 0.60 | — | 0.45 | 0.12 | 0.70 | 0.05 | 0.66 | 0.06 | 1.12 | 0.55 | 1.90 |
| Debt / equity | — | — | — | — | 0.03 | — | 0.02 | 11.58 | 0.02 | 0.48 | 0.00 | 0.31 |
| Equity / assets | 97.5% | 98.3% | 98.7% | −588.1% | 98.0% | −6.9% | 98.0% | 6.8% | 97.4% | 48.8% | 98.5% | 42.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
BTX financial position
At the end of fiscal 2025 (December 31, 2025), BlackRock Technology and Private Equity Term had total assets of $939.0 million (down 48.1% from a year earlier), total liabilities of $23.5 million and shareholders' equity of $915.5 million. Its current ratio was 0.13.
Related: BTX income statement, BTX cash flow statement, BTX key metrics. See the BTX stock overview for the latest quote and news.
BTX balance sheet FAQ
What are BlackRock Technology and Private Equity Term's total assets?
BlackRock Technology and Private Equity Term reported total assets of $939.0 million at the end of fiscal 2025 (December 31, 2025), compared with $1.8 billion a year earlier.
How much cash does BlackRock Technology and Private Equity Term have?
BlackRock Technology and Private Equity Term held $0.4 million in cash and short-term investments at the end of fiscal 2025.
What is BlackRock Technology and Private Equity Term's book value?
BlackRock Technology and Private Equity Term's shareholders' equity (book value) was $915.5 million at the end of fiscal 2025, or $7.84 per share.
What is BlackRock Technology and Private Equity Term's current ratio?
BlackRock Technology and Private Equity Term had current assets of $1.4 million and current liabilities of $10.4 million, a current ratio of 0.13 (current liabilities exceed current assets).