Blue Owl Technology Finance
Lends to and invests in U.S. technology-related businesses through Blue Owl’s Credit platform.
Something off on this page? Send us feedback.
Profile
Makes loans and debt and equity investments primarily in U.S. technology-related businesses, focusing on enterprise software. Its BDC structure is externally managed through Blue Owl’s Credit platform, with debt investments supplying recurring income and equity-linked positions adding potential capital appreciation.
Originates loans and makes debt and equity investments in U.S. technology-related companies, with an emphasis on large, established enterprise-software businesses.
The portfolio can include senior secured and unsecured loans, subordinated or mezzanine loans, and equity-related instruments such as common equity, warrants and preferred stock. Income-producing debt investments supply the principal recurring economics, while equity and equity-linked positions can provide potential capital appreciation.
Elected BDC status under the Investment Company Act and external management by Blue Owl Technology Credit Advisors LLC shape the vehicle. Its mandate directs most asset value to technology-related companies, while Blue Owl’s Credit platform and investment committees provide the investment-advisory function.
Company facts
Categories
Key statistics
Year to date −19.8% · Average volume (30d) 2.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 19, 2026 | Truist Financial | Target | $16 | $15 | ||
| May 18, 2026 | RBC Capital | Reiterate | Sector Perform | $15 | $12 | |
| Feb 23, 2026 | Truist Financial | Target | $16 | |||
| Dec 8, 2025 | JMP Securities | Target | $17 | |||
| Dec 5, 2025 | RBC Capital | Target | $15 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.30 | $0.30 | +0.9% | $336.9M | $338.0M | +0.3% | +8.73% |
| May 6, 2026Q1 FY26 | $0.31 | $0.29 | −6.5% | $341.0M | $325.9M | −4.4% | −5.97% |
| Feb 18, 2026Q4 FY25 | $0.32 | $0.30 | −6.3% | $326.5M | $320.6M | −1.8% | −2.53% |
| Nov 5, 2025Q3 FY25 | $0.35 | $0.32 | −8.6% | $337.9M | $320.4M | −5.2% | −2.92% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $138.6M | $294.9M | $320.4M | $310.3M | $426.6M | $321.7M | |
| Gross profit | $90.9M | $215.4M | $222.7M | $223.8M | $383.4M | $238.4M | |
| Operating income | $82.3M | $201.7M | $314.5M | $207.2M | −$114.9M | $258.7M | |
| Net income | $78.1M | $201.5M | $234.9M | $205.8M | −$219.9M | $154.2M | |
| Diluted EPS | $0.33 | $0.86 | $1.00 | $0.44 | −$0.47 | $0.33 | |
| Gross margin | 65.6% | 73.1% | 69.5% | 72.1% | 89.9% | 74.1% | |
| Operating margin | 59.4% | 68.4% | 98.2% | 66.8% | -26.9% | 80.4% |
Fiscal years (4-quarter sums)FY24 $536.9M · FY25 $1.06B
Balance sheet, Jun 30, 2026Cash & short-term investments $3.2M · Total debt $7.16B · Total assets $15.05B · Shareholders' equity $7.54B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.35 | |
| Jun 22, 2026 | Jun 22 | Jul 7 | $0.05 | special dividend |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.35 | |
| Mar 23, 2026 | Mar 23 | Apr 7 | $0.05 | special dividend |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.35 | |
| Dec 23, 2025 | Dec 23 | Jan 7 | $0.05 | special dividend |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.35 | |
| Sep 22, 2025 | Sep 22 | Oct 7 | $0.05 | special dividend |
Ownership
Shares outstanding 462.64M · Float 384.65M · 83.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Regents of the University of California | 43.62M | 9.43% | 13F | Aug 11, 2026 |
| Mubadala Investment Co PJSC | 29.79M | 6.44% | 13F | Aug 14, 2026 |
| Orange County Employees Retirement System | 20.30M | 4.39% | 13F | Aug 7, 2026 |
| Cresset Asset Management, LLC | 11.96M | 2.59% | 13F | Aug 14, 2026 |
| State of New Jersey Common Pension Fund E | 6.27M | 1.36% | 13F | Jul 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Chris Temple | director | +7,000 | $10.71 |
| May 13, 2026 | Melissa Weiler | director | +10,000 | $10.90 |
| May 11, 2026 | Eric A. Kaye | director | +1,000 | $10.74 |
| Feb 25, 2026 | Eric A. Kaye | director | +1,000 | $11.44 |
| Feb 25, 2026 | Chris Temple | director | +5,000 | $11.49 |
Peers
- Hercules Capital
Technology-focused senior-secured lender to venture-backed companies
- Ares Capital
Large direct lender to U.S. private middle-market companies
- Blackstone Secured Lending Fund
Private-U.S.-company lender focused on first-lien secured debt
- Golub Capital BDC
Sponsor-backed middle-market lender with software-sector expertise
- Sixth Street Specialty Lending
Direct-originations lender to U.S. middle-market companies
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Blue Owl Technology Finance | $11.41 | +0.25% | $5.26B | 8.8 | 8.7 | 3.8 | +14.6% |
| Hercules Capital | $17.52 | +0.22% | $3.27B | 8.8 | 9.0 | 5.6 | +86.7% |
| Ares Capital | $19.97 | +0.15% | $14.32B | 14.8 | 10.3 | 6.2 | +32.6% |
| Blackstone Secured Lending Fund | $24.83 | +0.35% | $5.76B | 19.6 | 9.5 | 5.4 | +25.9% |
| Golub Capital BDC | $13.03 | +0.04% | $3.39B | 23.7 | 10.1 | 4.7 | −14.2% |
| Sixth Street Specialty Lending | $18.74 | −0.11% | $1.78B | 19.7 | 10.5 | 5.2 | −13.0% |
| Median | 19.6 | 10.1 | 5.4 | +25.9% |