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Blue Owl Technology Finance Corp. (OTF)
NYSE:OTF
Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong underlying portfolio quality, continued deployment momentum, capital flexibility and improving funding costs, with tangible near-term actions (repurchases, CLO/SPV, bond issuance) and attractive metrics (NAV growth, ~11% adjusted ROE, low nonaccruals). Headwinds include AI-driven public market volatility, a material market discount to NAV, some slowdown in software growth metrics (NRR), and timing-related pressure on near-term income. On balance, positives around fundamentals, liquidity, disciplined deployment and accretive buybacks materially outweigh the challenges called out.Company Guidance
Successful Public Listing and Distribution Policy
OTF completed its NYSE listing in June 2025 and became the largest publicly traded technology-focused BDC by total assets; Board declared a $0.35 regular quarterly dividend and five special dividends of $0.05 per share (paid quarterly through Sept 2026), supported by $0.40 of pre-listing spillover income.
Strong Quarterly Financial Performance
Q4 adjusted net investment income of $0.30 per share and adjusted net income of $0.47 per share, delivering a 10.9% adjusted net income ROE (nearly 11%); GAAP included $0.03 per share of accrued capital gains incentive fees; NAV per share $17.33, up $0.06 QoQ and NAV up ~16% since inception with NAV increasing 35 basis points in the quarter.
Large, High-Quality Portfolio
Total portfolio investments exceeded $14 billion with outstanding debt of $6 billion and total net assets of $8 billion; portfolio characterized by low nonaccruals and average annual net gains of 23 basis points since inception; management reports software borrowers delivering low- to mid-teens revenue and EBITDA growth on average.
Active Deployment and Backlog
Converted strong pipeline in Q4: $2.3 billion of new investment commitments (including $2.0 billion of new fundings) and $881 million of repayments; maintains a meaningful ~$900 million backlog expected to fund next quarter, supporting continued deployment and leverage growth.
Improved Funding Mix and Cost Savings
Added lower-cost secured capacity (CLO/SPV), exited higher-cost legacy financings and issued $400 million unsecured bond in January; pro forma expected annual run-rate interest savings of approximately $10 million; ended quarter with nearly $2.3 billion of cash and capacity.
Share Repurchases and Capital Return Activity
Opportunistically repurchased $65 million of OTF shares in Q4 at an average price-to-book of 0.82x, which added $0.03 per share to NAV; Board authorized an expanded $300 million repurchase program (replacing prior $200 million plan); roughly 50% of shares currently released from lockups, increasing float and repurchase optionality.
Notable Equity Markups
Recorded write-ups on certain equity positions (including SpaceX and Revolut); original $27 million SpaceX equity (2021) has been written up over 7x as of Dec 31 and was marked near ~$720B after a tender discount (management expects further upticks following a subsequent $1.25T merger announcement).
Dedicated Technology Investing Platform
Dedicated technology investing capabilities with over 40 tech investment professionals as part of a >120 person direct lending team; portfolio tech split noted as ~70% software (applications ~50%, systems/infrastructure ~20%, fintech/payments ~5%), supporting deep domain coverage and active AI risk/ opportunity reassessments.
OTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $12.63 | $12.31 | -2.53% |
Nov 05, 2025 | $14.33 | $13.91 | -2.93% |
Aug 06, 2025 | $14.49 | $14.39 | -0.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Blue Owl Technology Finance Corp. (OTF) report earnings?
Blue Owl Technology Finance Corp. (OTF) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Blue Owl Technology Finance Corp. (OTF) earnings time?
Blue Owl Technology Finance Corp. (OTF) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is OTF EPS forecast?
Currently, no data Available