Blue Owl Technology Finance Corp.OTF
NYSE•Financial Services•Asset Management
Blue Owl Technology Finance Corp. is a business development company specializes in upper middle-market, making debt and equity investments such as senior secured or unsecured loans, subordinated loans or mezzanine loans and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, finance and business development company. The firm prefers to invest in technology and software companies. It primarily makes investments in the United States. Blue Owl Technology Finance Corp. is founded in 2018 and is based in New York, New York.
Blue Owl Technology Finance Cor (OTF) reported trailing twelve months revenue of $1.29B as of March 2026, a 85.5% increase year-over-year. Quarterly revenue reached $325.94M, reflecting continued top-line momentum.
Blue Owl Technology Finance Cor generated $422.35M in TTM net income, with quarterly EBITDA of $8.01M. The operating margin stands at 0.0%.
The spread between operating margin (0.0%) and net margin (-67.5%) indicates significant non-operating expenses or interest burden. Net margin has narrowed from 42.7% a year ago, reflecting increased costs or interest expense.
OTF trades at a P/E of 11.8x (below the broader market average) and a P/S of 3.9x. The price-to-book ratio of 0.7x suggests the stock trades below its book value.
The company reported negative free cash flow of $-197.26M, indicating cash consumption over the period. The balance sheet shows $14.87B in total assets with $6.90B in long-term debt against $7.61B in stockholders equity for a debt-to-equity ratio of 0.9. Data based on the most recent quarterly reports.
Competitive analysis based on 13 quarters of fundamental data
Operating margins are under pressure, averaging 0.0%. The business may lack pricing power or face rising costs.'
ROE is positive at ~7.2% on average, adequate but below the threshold typically associated with wide moats.
Only 3 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 13 quarters
Margins are stable or improving at ~0.0% — no sign of cost or pricing stress.
Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.
Debt-to-equity has risen 40.7% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Shares outstanding increased 11.0% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation