BlackRock Technology and Private Equity Term Trust (BTX) Income Statement
BTX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBTX revenue and net income
Where BTX's revenue goes
2025Each bar shows an amount and its share of revenue. BTX kept 75.6% of revenue as net income.
BTX profit margins
BTX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −71.8% | — | +1,716.9% | +5.0% |
| Gross profit | −71.8% | — | — | +6.8% |
| Operating income | −75.7% | — | — | — |
| Net income | −75.7% | — | −6.1% | — |
| EPS (diluted) | — | — | −15.2% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BTX quarterly EPS vs estimates
BlackRock Technology and Private Equity Term beat the analyst EPS estimate in 0 of the last 6 quarters.
BTX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.5M | $40.7M | $215.6M | $0 | $0 | $6 | $19.8M | $5.0M | $21.3M | $22.3M |
| Cost of revenue | $2,516 | $0 | $236,000 | $497,000 | $459,000 | $98,000 | $7.8M | $302,000 | $6.8M | $7.7M |
| Gross profit | $11.5M | $40.7M | $215.6M | −$1.65B | −$639.7M | −$98,000 | $12.0M | $4.7M | $14.5M | $14.6M |
| Research & development | — | — | $5.9M | $10.4M | $12.7M | $4.0M | $26,000 | $21.0M | $24.0M | $36.1M |
| Sales, general & admin | $2.1M | $4.4M | $3.8M | $2.6M | $1.2M | $3.3M | $13.1M | $24.7M | $15.6M | $16.5M |
| Total operating expenses | $2.8M | $5.0M | $4.0M | $2.8M | $948,691 | $7.2M | $13.2M | $46.0M | $44.1M | $64.9M |
| Operating income | $8.7M | $35.7M | $211.6M | −$1.66B | −$640.6M | −$7.2M | −$1.2M | −$41.0M | −$1.4M | −$2.3M |
| Interest income | $0 | $0 | $0 | — | — | $138,000 | $249,000 | $389,000 | $498,000 | $576,000 |
| Interest expense | $2,516 | $15,435 | $1,499 | $30,000 | $74,000 | $43,000 | $249,000 | $0 | $0 | $0 |
| Income before taxes | $8.7M | $35.7M | $211.6M | −$1.66B | −$640.6M | −$7.3M | −$2.0M | −$47.1M | −$1.0M | −$2.9M |
| Income taxes | — | — | −$3,000 | $45,000 | $5,000 | −$19.2M | $27,000 | −$346,000 | $0 | $0 |
| Net income | $8.7M | $35.7M | $211.6M | −$1.66B | −$640.6M | $11.9M | −$2.0M | −$46.0M | −$1.1M | −$2.9M |
| EBITDA | $8.7M | — | −$19.9M | −$33.2M | −$121.9M | −$7.2M | $2.0M | — | — | — |
| EPS (diluted) | $0.07 | −$1.21 | $39.11 | −$10.33 | −$2.58 | $0.16 | −$0.71 | −$0.04 | −$0.75 | −$1.55 |
| Gross margin | 100.0% | 100.0% | 100.0% | — | — | −1,689,655.2% | 60.4% | 93.9% | 68.2% | 65.4% |
| Operating margin | 75.6% | 87.7% | 98.1% | — | — | −124,965,517.2% | −6.1% | −821.9% | −6.6% | −10.2% |
| Net margin | 75.6% | 87.7% | 98.1% | — | — | 205,275,862.1% | −10.3% | −922.0% | −5.1% | −13.1% |
| Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $487,000 | $47,000 | $47,000 | $17,000 | $51,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | −$60,000 | $95,000 | $602,000 | $547,000 | $120,000 | $63,000 | $62,000 | $86,000 | $121,000 | $152,000 | $5.8M | — |
| Gross profit | $547,000 | −$48,000 | −$555,000 | −$530,000 | −$69,000 | −$63,000 | −$62,000 | −$86,000 | −$121,000 | −$152,000 | −$5.8M | — |
| Research & development | $1.0M | $987,000 | $1.5M | $1.2M | $1.5M | $1.6M | $1.7M | $2.0M | $5.0M | $4.2M | $4.3M | $4.3M |
| Sales, general & admin | $3.4M | $3.9M | $4.3M | $4.5M | $4.0M | $2.5M | $3.6M | $2.8M | $3.2M | $4.4M | $4.2M | $4.2M |
| Total operating expenses | $2.8M | $4.9M | $5.2M | $5.2M | $5.4M | $4.1M | $5.3M | $4.7M | $8.1M | $8.5M | $7.9M | $7.9M |
| Operating income | −$2.3M | −$4.9M | −$5.8M | −$5.8M | −$5.5M | −$4.5M | −$5.3M | −$4.7M | −$8.3M | −$9.1M | −$9.1M | −$7.9M |
| Interest expense | $1.7M | $797,000 | $786,000 | $388,000 | $114,000 | — | $105,000 | $6,000 | $10,000 | $18,026 | $18,026 | $18,026 |
| Income before taxes | −$26.6M | −$5.5M | −$6.6M | −$6.2M | −$5.6M | −$4.5M | −$5.4M | −$4.4M | −$7.3M | −$8.5M | −$8.5M | −$8.5M |
| Income taxes | $12,000 | $3,000 | $4,000 | −$4,000 | −$8,000 | $4,000 | $5,000 | $40,000 | $5,000 | $5,000 | $5,000 | $64,000 |
| Net income | −$26.6M | −$5.5M | −$6.6M | −$6.2M | −$5.6M | −$4.5M | −$5.4M | −$4.5M | −$7.3M | −$8.5M | −$8.5M | −$8.5M |
| EBITDA | −$24.5M | −$4.2M | −$5.3M | −$5.3M | −$5.0M | −$3.9M | −$5.2M | −$5.0M | −$8.0M | −$8.0M | −$7.7M | −$8.3M |
| EPS (diluted) | — | — | — | — | — | — | −$1.06 | −$1.24 | −$2.49 | −$3.40 | −$3.20 | −$0.16 |
| Gross margin | 112.3% | −102.1% | −1,180.9% | −3,117.6% | −135.3% | — | — | — | — | — | — | — |
| Operating margin | −463.9% | −10,491.5% | −12,312.8% | −33,911.8% | −10,794.1% | — | — | — | — | — | — | — |
| Net margin | −5,462.8% | −11,763.8% | −14,142.6% | −36,194.1% | −10,962.7% | — | — | — | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BTX's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BTX financial results
In fiscal year 2025 (ended December 31, 2025), BlackRock Technology and Private Equity Term reported revenue of $11.5 million, down 71.8% from the year before. It had net income of $8.7 million (down 75.7%), a net profit margin of 75.6%. Diluted earnings per share came to $0.07. Over five years revenue grew at an average rate of 1,716.9% a year.
See the BTX stock overview for the latest quote and news, or the BTX chart for price history and technical indicators.
BTX income statement FAQ
What is BlackRock Technology and Private Equity Term's annual revenue?
BlackRock Technology and Private Equity Term reported total revenue of $11.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 71.8% from $40.7 million the previous year.
Is BlackRock Technology and Private Equity Term profitable?
Yes. BlackRock Technology and Private Equity Term reported net income of $8.7 million in fiscal 2025, a net profit margin of 75.6%; its operating margin was 75.6%.
What is BlackRock Technology and Private Equity Term's gross margin?
BlackRock Technology and Private Equity Term's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, BlackRock Technology and Private Equity Term kept $100 after the direct cost of its products and services.
How fast is BlackRock Technology and Private Equity Term growing?
Revenue grew 1,716.9% a year on average over the last five fiscal years, from $0.0 million to $11.5 million.
What are BlackRock Technology and Private Equity Term's earnings per share?
BlackRock Technology and Private Equity Term earned $0.07 per diluted share in fiscal 2025, compared with $-1.21 a year earlier.
When does BlackRock Technology and Private Equity Term's fiscal year end?
BlackRock Technology and Private Equity Term's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.