BlackRock Capital Allocation Trust (BCAT) Income Statement
BCAT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBCAT revenue and net income
Where BCAT's revenue goes
2025Each bar shows an amount and its share of revenue. BCAT kept 98.7% of revenue as net income.
BCAT profit margins
BCAT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.8% | — | +11.8% | — |
| Gross profit | +13.1% | — | +11.7% | — |
| Operating income | +14.2% | — | +11.6% | — |
| Net income | +14.2% | — | +11.6% | — |
| EPS (diluted) | +14.0% | — | +10.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BCAT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $225.0M | $197.7M | $206.9M | $0 | $124.0M | $128.6M |
| Cost of revenue | $1.4M | $0 | $0 | $320.4M | $0 | $0 |
| Gross profit | $223.6M | $197.7M | $206.9M | −$320.4M | $124.0M | $128.6M |
| Sales, general & admin | $1.1M | $2.3M | $1.3M | $1.5M | $1.3M | $234,654 |
| Total operating expenses | $1.6M | $3.3M | $206.9M | $2.2M | $2.7M | $131,742 |
| Operating income | $222.0M | $194.4M | $204.7M | −$319.6M | $121.3M | $128.4M |
| Interest income | $45.5M | $56.9M | $61.5M | $66.9M | $71.4M | $7.5M |
| Interest expense | $1.4M | $1.4M | $1.4M | $2.9M | $2.1M | $0 |
| Income before taxes | $222.0M | $194.4M | $204.7M | −$322.5M | $121.3M | $128.4M |
| Income taxes | — | — | −$167,895 | −$228,485 | −$236,558 | −$206,297 |
| Net income | $222.0M | $194.4M | $204.7M | −$322.5M | $121.3M | $128.4M |
| EBITDA | $222.0M | — | $411.0M | −$319.6M | $121.3M | $128.4M |
| EPS (diluted) | $2.12 | $1.86 | $1.91 | −$2.91 | $1.08 | $1.28 |
| Gross margin | 99.4% | 100.0% | 100.0% | — | 100.0% | 100.0% |
| Operating margin | 98.7% | 98.4% | 98.9% | — | 97.8% | 99.9% |
| Net margin | 98.7% | 98.4% | 98.9% | — | 97.8% | 99.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BCAT's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BCAT financial results
In fiscal year 2025 (ended December 31, 2025), BlackRock Capital Allocation reported revenue of $225.0 million, up 13.8% from the year before. It had net income of $222.0 million (up 14.2%), a net profit margin of 98.7%. Diluted earnings per share came to $2.12. Over five years revenue grew at an average rate of 11.8% a year.
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BCAT income statement FAQ
What is BlackRock Capital Allocation's annual revenue?
BlackRock Capital Allocation reported total revenue of $225.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 13.8% from $197.7 million the previous year.
Is BlackRock Capital Allocation profitable?
Yes. BlackRock Capital Allocation reported net income of $222.0 million in fiscal 2025, a net profit margin of 98.7%; its operating margin was 98.7%.
What is BlackRock Capital Allocation's gross margin?
BlackRock Capital Allocation's gross margin was 99.4% in fiscal 2025: for every $100 of revenue, BlackRock Capital Allocation kept $99 after the direct cost of its products and services.
How fast is BlackRock Capital Allocation growing?
Revenue grew 11.8% a year on average over the last five fiscal years, from $128.6 million to $225.0 million.
What are BlackRock Capital Allocation's earnings per share?
BlackRock Capital Allocation earned $2.12 per diluted share in fiscal 2025, compared with $1.86 a year earlier.
When does BlackRock Capital Allocation's fiscal year end?
BlackRock Capital Allocation's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.