BlackRock TCP Capital Corp. (TCPC) Income Statement
TCPC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTCPC revenue and net income
TCPC profit margins
TCPC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −100.0% | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −23.4% | −5.6% | −2.3% | −2.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TCPC quarterly EPS vs estimates
BlackRock TCP Capital beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.12).
TCPC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $20.8M | $209.3M | $181.0M | $153.4M | $87.1M | $44.1M | $54.6M | $131.6M | $129.4M |
| Cost of revenue | $16.8M | $66.2M | $2.5M | $2.6M | $2.6M | $2.6M | $2.9M | $2.7M | $27.9M | $21.1M |
| Gross profit | −$93.2M | −$45.4M | $209.3M | $181.0M | $150.8M | $84.5M | $41.2M | $51.9M | $103.7M | $108.3M |
| Research & development | — | — | $0 | $0 | $1 | $0 | — | — | — | — |
| Sales, general & admin | $3.7M | $12.0M | $54.7M | $53.2M | $8.7M | $9.2M | $9.3M | $9.0M | $8.3M | $8.7M |
| Total operating expenses | −$70.3M | $17.2M | $54.7M | $53.2M | $19.6M | $15.7M | $13.5M | $9.0M | $13.1M | $12.4M |
| Operating income | −$22.8M | −$62.6M | $154.6M | $127.8M | $133.8M | $71.4M | $30.6M | $81.2M | $90.6M | $95.9M |
| Interest income | $194.0M | $251.4M | $188.6M | $164.9M | $149.8M | $150.3M | $178.1M | $175.0M | $173.5M | $145.0M |
| Interest expense | $66.1M | $66.2M | $44.0M | $35.5M | $35.7M | $36.5M | $41.7M | $40.5M | $27.9M | $21.1M |
| Income before taxes | −$88.9M | −$62.6M | $38.7M | −$9.2M | $133.8M | $71.4M | $30.6M | $45.6M | $90.6M | $95.9M |
| Income taxes | — | $522,554 | $247,315 | $101.5M | $66.3M | $80.8M | $94.9M | $92,700 | $36,380 | $569,511 |
| Net income | −$88.9M | −$63.1M | $38.5M | −$9.2M | $133.8M | $71.4M | $30.6M | $45.5M | $90.6M | $95.4M |
| EBITDA | −$22.8M | −$62.6M | $154.6M | $198.0M | $71.0M | $71.4M | $30.6M | $81.2M | $95.3M | $99.3M |
| EPS (diluted) | $1.28 | $1.67 | $1.85 | $1.52 | $1.26 | $1.44 | $1.63 | $1.59 | $1.60 | $1.51 |
| Gross margin | — | −218.6% | 100.0% | 100.0% | 98.3% | 97.1% | 93.5% | 95.1% | 78.8% | 83.7% |
| Operating margin | — | −301.5% | 73.9% | 70.6% | 87.2% | 82.0% | 69.4% | 148.7% | 68.9% | 74.1% |
| Net margin | — | −304.1% | 18.4% | −5.1% | 87.2% | 82.0% | 69.4% | 83.3% | 68.8% | 73.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.0M | $9.9M | $43.9M | $42.1M | $2.5M | $39.1M | $0 | $46.0M | $0 | $20.8M | $50.8M | $54.2M |
| Cost of revenue | $0 | $5.2M | $15.1M | $16.8M | $17.1M | $15.3M | $16.3M | $21.2M | $19.7M | $12.2M | $11.8M | $122,860 |
| Gross profit | $40.0M | $4.6M | $28.8M | $25.2M | −$14.6M | $23.8M | −$33.4M | $24.8M | −$48.7M | $8.7M | $50.8M | $54.2M |
| Sales, general & admin | $762,127 | $1.5M | $2.5M | $2.7M | $3.1M | $2.9M | $2.9M | $3.2M | $2.6M | $2.7M | $13.6M | $13.7M |
| Total operating expenses | $21.9M | $4.9M | $2.5M | $872,630 | $1.3M | $2.9M | $4.6M | $3.2M | $2.6M | $3.6M | $13.6M | $13.7M |
| Operating income | $18.1M | −$253,440 | $26.3M | $24.4M | −$15.9M | $20.9M | −$38.0M | $21.6M | −$51.3M | $5.1M | $37.3M | $40.5M |
| Interest income | $37.8M | $41.2M | $42.5M | $48.9M | $50.1M | $52.6M | $67.9M | $65.0M | $69.0M | $52.2M | $48.4M | $49.7M |
| Interest expense | $15.0M | $16.0M | $15.1M | $16.8M | $17.1M | $15.3M | $16.3M | $21.2M | $19.7M | $12.2M | $10.8M | $12.1M |
| Income before taxes | $1.7M | −$16.3M | −$118.3M | $24.4M | −$15.9M | $20.9M | −$38.0M | $21.6M | −$51.3M | $5.1M | −$13.1M | $12.8M |
| Income taxes | — | — | — | — | — | — | $522,554 | — | $55.6M | $41.5M | $198,711 | $13,164 |
| Net income | $1.7M | −$16.3M | −$118.3M | $24.4M | −$15.9M | $20.9M | −$38.6M | $21.6M | −$51.3M | $5.1M | −$13.3M | $12.8M |
| EBITDA | $18.1M | −$253,440 | $26.3M | $24.4M | −$15.9M | $20.9M | −$38.0M | $21.6M | −$51.3M | $5.1M | $37.3M | $40.5M |
| EPS (diluted) | $0.22 | $0.22 | $0.28 | $0.32 | $0.32 | $0.36 | $0.40 | $0.40 | $0.42 | $0.45 | $0.44 | $0.49 |
| Gross margin | 100.0% | 46.7% | 65.6% | 60.0% | −582.8% | 60.8% | — | 54.0% | — | 41.7% | 100.0% | 100.0% |
| Operating margin | 45.3% | −2.6% | 59.9% | 57.9% | −635.6% | 53.4% | — | 47.1% | — | 24.3% | 73.3% | 74.6% |
| Net margin | 4.2% | −165.5% | −269.3% | 57.9% | −635.6% | 53.4% | — | 47.1% | — | 24.3% | −26.2% | 23.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TCPC's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TCPC financial results
BlackRock TCP Capital reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $88.9 million. Diluted earnings per share came to $1.28.
See the TCPC stock overview for the latest quote and news, or the TCPC chart for price history and technical indicators.
TCPC income statement FAQ
Does BlackRock TCP Capital have revenue?
BlackRock TCP Capital reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is BlackRock TCP Capital profitable?
No. BlackRock TCP Capital reported a net loss of $88.9 million in fiscal 2025.
What are BlackRock TCP Capital's earnings per share?
BlackRock TCP Capital earned $1.28 per diluted share in fiscal 2025, compared with $1.67 a year earlier.
When will BlackRock TCP Capital report its next earnings?
BlackRock TCP Capital is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does BlackRock TCP Capital's fiscal year end?
BlackRock TCP Capital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.