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Blue Owl Technology Finance Cor (OTF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Blue Owl Technology Finance Cor
NYSE•Financial Services•Asset Management
$10.71+0.02(<0.01%)Market closed
Market Cap
$4.88B
P/E
13.0x
P/S
3.7x
P/B
0.6x

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.

D

How this company scores

WeakMetricSide Score: 35/100

Strongest: Growth (14/25); weakest: Cash & Earnings Quality (3/25).

Profitability10/25
Growth14/25
Balance Sheet & Red Flags8/25
Cash & Earnings Quality3/25
Strengths
Growing revenueStrong marginsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.0x5y range 8.3x – 14.2x
P/E 13.0x · near its 11-quarter median

Currently near its 11-quarter median.

P/S · 3.7x5y range 3.7x – 8.4x
P/S 3.7x · below its 11-quarter median

Currently below its 11-quarter median.

P/B · 0.6x5y range 0.5x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 18.9% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $4.88B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$1.31B
6Q
Q. Revenue
$338.03M
2Q
TTM EBITDA
$601.79M
30%
TTM Op. Income
$570.02M
28%
Q. Op. Income
$139.07M
13%
TTM Net Income
$375.08M
2Q
Q. Net Income
$154.22M
23%
EPS
$0.33
0%
Shares Out.
$460.88M
1%
$1.31B in TTM revenue grew 55.6% YoY, reaching $338.03M last quarter. TTM EBITDA of $601.79M and TTM operating income of $570.02M show growth is flowing through to the bottom line. TTM net income of $375.08M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
43.4%
17%
Op. Margin
41.1%
18%
Net Margin
45.6%
28%
Op. margin of 41.1% is down 9.1% YoY — costs are rising relative to revenue. Net margin at 45.6% Over the past year, operating margin is down 18% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
13.0x
8%
P/S Ratio
3.7x
4Q
P/B Ratio
0.6x
27%
At 13.0x P/E, the stock trades below typical market levels. P/S of 3.7x and P/B of 0.6x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 8% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$15.05B
4Q
Cash
$213.51M
25%
Long-Term Debt
$7.16B
4Q
Book Value
$7.54B
3Q
D/E Ratio
0.9
4Q
Debt/EBITDA
48.7
72%
With $15.05B in assets and $7.16B in long-term debt, D/E is 0.9and book value is $7.54B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 4 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-316.70M
23%
TTM Free Cash Flow
$-1.56B
1214%
FCF Margin
-119.5%
816%
FCF / Net Income
-4.2
3Q
TTM FCF of $-1.56B on $-316.70M in operating cash flow. The FCF / Net Income ratio of -4.2x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 1214% — an improving trend.

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P/B 0.6x
· below its 14-quarter median

Currently below its 14-quarter median.

Leverage Risk

Watch

Debt-to-equity has risen 59.5% recently — increasing financial risk even if the current ratio is manageable.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Red Flag

Shares outstanding increased 119.1% — significant dilution, likely from stock compensation or capital raises.