Blue Owl Technology Finance Corp. (OTF) Income Statement
OTF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOTF revenue and net income
Where OTF's revenue goes
2025Each bar shows an amount and its share of revenue. OTF kept 67.1% of revenue as net income.
OTF profit margins
OTF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +99.8% | +82.6% | +44.5% | — |
| Gross profit | +120.5% | +149.8% | +41.8% | — |
| Operating income | +120.3% | +200.4% | +42.9% | — |
| Net income | +125.7% | +236.0% | +42.6% | — |
| EPS (diluted) | −4.2% | +147.8% | −1.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OTF quarterly EPS vs estimates
Blue Owl Technology Finance beat the analyst EPS estimate in 3 of the last 6 quarters. Next report: November 4, 2026 (estimate $0.32).
OTF income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $1.07B | $536.9M | $587.4M | $176.1M | $537.1M | $170.3M |
| Cost of revenue | $293.6M | $183.5M | $186.2M | $126.2M | $84.5M | $34.2M |
| Gross profit | $779.3M | $353.5M | $401.2M | $50.0M | $452.6M | $136.1M |
| Sales, general & admin | $23.7M | $13.5M | $13.6M | $12.8M | $13.5M | $9.2M |
| Total operating expenses | $50.8M | $22.8M | $23.0M | $23.1M | $22.8M | $14.0M |
| Operating income | $728.6M | $330.7M | $378.3M | $26.9M | $429.7M | $122.1M |
| Interest income | $209.0M | $628.5M | $3.0M | $254.2M | $333.7M | — |
| Interest expense | $321.5M | $183.5M | $186.2M | $126.2M | $84.5M | $34.2M |
| Income before taxes | $728.6M | $330.7M | $378.3M | $26.9M | $429.7M | $122.1M |
| Income taxes | $8.2M | $11.5M | $9.1M | $7.9M | $4.9M | — |
| Net income | $720.4M | $319.2M | $369.1M | $19.0M | $424.8M | $122.1M |
| EBITDA | $728.6M | $514.2M | $564.5M | $153.0M | $514.2M | $156.3M |
| EPS (diluted) | $1.37 | $1.43 | $1.82 | $0.09 | $3.06 | $1.44 |
| Gross margin | 72.6% | 65.8% | 68.3% | 28.4% | 84.3% | 79.9% |
| Operating margin | 67.9% | 61.6% | 64.4% | 15.3% | 80.0% | 71.7% |
| Net margin | 67.1% | 59.5% | 62.8% | 10.8% | 79.1% | 71.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $321.7M | $426.6M | $310.3M | $320.4M | $294.9M | $138.6M | $154.1M | $173.9M | $62.5M | $146.4M | $153.9M |
| Cost of revenue | $83.3M | $43.2M | $86.5M | $97.7M | $79.4M | $47.7M | $44.0M | $46.2M | $46.3M | $47.0M | $47.1M |
| Gross profit | $238.4M | $383.4M | $223.8M | $222.7M | $215.4M | $90.9M | $110.1M | $127.7M | $16.2M | $99.4M | $106.8M |
| Sales, general & admin | $6.5M | $6.0M | $5.9M | $6.2M | $6.2M | $4.9M | $3.8M | $3.2M | $3.5M | $3.0M | $3.1M |
| Total operating expenses | −$20.3M | $498.3M | $16.5M | −$91.8M | $13.8M | $8.6M | $6.5M | $5.3M | $5.6M | $5.3M | $5.1M |
| Operating income | $258.7M | −$114.9M | $207.2M | $314.5M | $201.7M | $82.3M | $103.6M | $122.4M | $10.6M | $94.2M | $101.8M |
| Interest income | $300.4M | $294.2M | $81.9M | $104.4M | $290.2M | $160.4M | $13.2M | $27.3M | $159.8M | $159.5M | — |
| Interest expense | $108.8M | $103.8M | $108.9M | $85.4M | $79.4M | $47.7M | $44.0M | $46.2M | $46.3M | $47.0M | $47.1M |
| Income before taxes | $154.2M | −$218.7M | $207.2M | $234.9M | $201.7M | $82.3M | $103.6M | $122.4M | $10.6M | $94.2M | $101.8M |
| Income taxes | $422,000 | $1.2M | $1.4M | $2.4M | $194,000 | $4.1M | $2.9M | $2.8M | $2.5M | $3.3M | $159,000 |
| Net income | $154.2M | −$219.9M | $205.8M | $234.9M | $201.5M | $78.1M | $100.7M | $119.5M | $8.1M | $90.9M | $101.6M |
| EBITDA | $263.0M | −$114.9M | $207.2M | $320.4M | $281.1M | $130.0M | $147.6M | $168.6M | $56.9M | $141.1M | $148.8M |
| EPS (diluted) | $0.30 | $0.29 | $0.30 | $0.32 | $0.34 | $0.41 | — | — | — | — | — |
| Gross margin | 74.1% | 89.9% | 72.1% | 69.5% | 73.1% | 65.6% | 71.4% | 73.4% | 25.9% | 67.9% | 69.4% |
| Operating margin | 80.4% | −26.9% | 66.8% | 98.2% | 68.4% | 59.4% | 67.2% | 70.4% | 16.9% | 64.3% | 66.1% |
| Net margin | 47.9% | −51.5% | 66.3% | 73.3% | 68.3% | 56.4% | 65.3% | 68.8% | 13.0% | 62.1% | 66.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OTF's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OTF financial results
In fiscal year 2025 (ended December 31, 2025), Blue Owl Technology Finance reported revenue of $1.1 billion, up 99.8% from the year before. It had net income of $720.4 million (up 125.7%), a net profit margin of 67.1%. Diluted earnings per share came to $1.37. Over five years revenue grew at an average rate of 44.5% a year.
See the OTF stock overview for the latest quote and news, or the OTF chart for price history and technical indicators.
OTF income statement FAQ
What is Blue Owl Technology Finance's annual revenue?
Blue Owl Technology Finance reported total revenue of $1.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 99.8% from $536.9 million the previous year.
Is Blue Owl Technology Finance profitable?
Yes. Blue Owl Technology Finance reported net income of $720.4 million in fiscal 2025, a net profit margin of 67.1%; its operating margin was 67.9%.
What is Blue Owl Technology Finance's gross margin?
Blue Owl Technology Finance's gross margin was 72.6% in fiscal 2025: for every $100 of revenue, Blue Owl Technology Finance kept $73 after the direct cost of its products and services.
How fast is Blue Owl Technology Finance growing?
Revenue grew 44.5% a year on average over the last five fiscal years, from $170.3 million to $1.1 billion.
What are Blue Owl Technology Finance's earnings per share?
Blue Owl Technology Finance earned $1.37 per diluted share in fiscal 2025, compared with $1.43 a year earlier.
When will Blue Owl Technology Finance report its next earnings?
Blue Owl Technology Finance is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Blue Owl Technology Finance's fiscal year end?
Blue Owl Technology Finance's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.