(OTF) Blue Owl Technology Finance - Overview

Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 5.168m USD | Total Return: -25.7% in 12m

Senior Secured Loans, Mezzanine Debt, Equity Securities, Software Financing
Total Rating 20
Safety 38
Buy Signal -1.16
Asset Management
Industry Rotation: -2.1
Market Cap: 5.17B
Avg Turnover: 20.1M
Risk 3d forecast
Volatility41.3%
VaR 5th Pctl7.40%
VaR vs Median8.72%
Reward TTM
Sharpe Ratio-1.05
Rel. Str. IBD13
Rel. Str. Peer Group35.7
Character TTM
Beta0.577
Beta Downside0.380
Hurst Exponent0.418
Drawdowns 3y
Max DD27.63%
CAGR/Max DD-1.05
CAGR/Mean DD-2.24
EPS (Earnings per Share) EPS (Earnings per Share) of OTF over the last years for every Quarter: "2021-12": null, "2022-12": null, "2023-12": null, "2024-03": null, "2024-06": null, "2024-09": null, "2024-12": null, "2025-03": 0.41, "2025-06": 0.34, "2025-09": 0.54, "2025-12": 0.47, "2026-03": 0.29,
Last SUE: 0.24
Qual. Beats: 0
Revenue Revenue of OTF over the last years for every Quarter: 2021-12: 537.054, 2022-12: 176.145, 2023-12: 153.923, 2024-03: 146.409, 2024-06: 62.541, 2024-09: 173.866, 2024-12: 154.125, 2025-03: 138.627, 2025-06: 294.865, 2025-09: 320.437, 2025-12: 310.264, 2026-03: 426.607,
Rev. CAGR: 35.15%
Rev. Trend: 80.0%
Qual. Beats: 0

Warnings

Share dilution 97.3% YoY

Below Avwap Earnings

Tailwinds

No distinct edge detected

Description: OTF Blue Owl Technology Finance

Blue Owl Technology Finance Corp. (OTF) is a specialized business development company (BDC) headquartered in New York. The firm focuses on debt and equity investments within the upper middle-market, specifically targeting the technology and software sectors in the United States. Its portfolio includes a range of financial instruments, such as senior secured loans, mezzanine debt, and equity-related securities like warrants and preferred stock.

Operating as a BDC, the company must distribute at least 90% of its taxable income to shareholders annually to maintain its tax-advantaged status. This business model provides capital to private companies that may lack access to traditional public equity markets or bank financing. Investors can find deeper insights into these portfolio valuation metrics at ValueRay.

The firm prioritizes investments in software-as-a-service (SaaS) and other technology-driven industries, which often provide recurring revenue streams to support debt service. Since its founding in 2018, OTF has utilized this sector-specific approach to navigate the specialized finance landscape within the broader U.S. technology ecosystem.

Headlines to Watch Out For
  • Direct lending demand from upper middle-market software firms drives interest income
  • Federal Reserve interest rate shifts impact net investment income margins
  • Credit performance of technology portfolio companies dictates net asset value stability
  • Private equity sponsor activity levels influence new loan origination volume
  • Competitive pressure in private credit markets affects yield on new investments
Piotroski VR-10 (Strict) 3.0
Net Income: 422.3m TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -5.74 > 1.0
NWC/Revenue: 7.42% < 20% (prev 204.0%; Δ -196.6% < -1%)
CFO/TA -0.02 > 3% & CFO -260.2m > Net Income 422.3m
Net Debt (6.90b) to EBITDA (608.5m): 11.34 < 3
Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities)
Outstanding Shares: last quarter (464.3m) vs 12m ago 97.27% < -2%
Gross Margin: 77.30% > 18% (prev 0.65%; Δ 7.67k% > 0.5%)
Asset Turnover: 9.63% > 50% (prev 4.00%; Δ 5.63% > 0%)
Interest Coverage Ratio: 1.61 > 6 (EBITDA TTM 608.5m / Interest Expense TTM 377.6m)
Altman Z'' 0.45
A: 0.01 (Total Current Assets 100.4m - Total Current Liabilities 0.0) / Total Assets 14.9b
B: 0.03 (Retained Earnings 463.2m / Total Assets 14.9b)
C: 0.04 (EBIT TTM 608.5m / Avg Total Assets 14.0b)
D: 0.01 (Book Value of Equity 91.2m / Total Liabilities 7.26b)
Altman-Z'' = 0.45 = B
What is the price of OTF shares?

As of May 24, 2026, the stock is trading at USD 10.75 with a total of 2,571,612 shares traded.
Over the past week, the price has changed by -4.83%, over one month by -4.23%, over three months by -1.88% and over the past year by -25.72%.

Is OTF a buy, sell or hold?

Blue Owl Technology Finance has no consensus analysts rating.

Blue Owl Technology Finance (OTF) - Fundamental Data Overview as of 19 May 2026
P/E Trailing = 11.6354
P/E Forward = 8.2713
P/S = 4.0104
P/B = 0.6643
Revenue TTM = 1.35b USD
EBIT TTM = 608.5m USD
EBITDA TTM = 608.5m USD
Long Term Debt = 6.29b USD (from longTermDebt, last fiscal year)
 Short Term Debt = unknown (none)
 Debt = 6.90b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.90b USD (calculated: Debt 6.90b - CCE 827k)
Enterprise Value = 12.1b USD (5.17b + Debt 6.90b - CCE 827k)
Interest Coverage Ratio = 1.61 (Ebit TTM 608.5m / Interest Expense TTM 377.6m)
EV/FCF = -46.40x (Enterprise Value 12.1b / FCF TTM -260.2m)
FCF Yield = -2.16% (FCF TTM -260.2m / Enterprise Value 12.1b)
FCF Margin = -19.24% (FCF TTM -260.2m / Revenue TTM 1.35b)
Net Margin = 31.23% (Net Income TTM 422.3m / Revenue TTM 1.35b)
Gross Margin = 77.30% ((Revenue TTM 1.35b - Cost of Revenue TTM 306.9m) / Revenue TTM)
Gross Margin QoQ = 89.87% (prev 72.12%)
Tobins Q-Ratio = 0.81 (Enterprise Value 12.1b / Total Assets 14.9b)
Interest Expense / Debt = 5.47% (Interest Expense 377.6m / Debt 6.90b)
Taxrate = 1.12% (8.19m / 728.6m)
NOPAT = 601.7m (EBIT 608.5m * (1 - 1.12%))
 Current Ratio = unknown (Total Current Assets 100.4m / Total Current Liabilities 0.0)
 Debt / Equity = 0.91 (Debt 6.90b / totalStockholderEquity, last quarter 7.61b)
Debt / EBITDA = 11.34 (Net Debt 6.90b / EBITDA 608.5m)
 Debt / FCF = -26.54 (negative FCF - burning cash) (Net Debt 6.90b / FCF TTM -260.2m)
 Total Stockholder Equity = 7.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.01% (Net Income 422.3m / Total Assets 14.9b)
RoE = 5.33% (Net Income TTM 422.3m / Total Stockholder Equity 7.92b)
RoCE = 4.28% (EBIT 608.5m / Capital Employed (Equity 7.92b + L.T.Debt 6.29b))
RoIC = 4.09% (EBIT 608.5m / (Assets 14.9b - Curr.Liab 0.0 - Cash 827k))
WACC = 6.52% (E(5.17b)/V(12.1b) * Re(8.01%) + D(6.90b)/V(12.1b) * Rd(5.47%) * (1-Tc(0.01)))
Discount Rate = 8.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.61 | Cagr: 44.38%
 [DCF] Fair Price = unknown (Cash Flow -260.2m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.24 | # QB: 0
Revenue Correlation: 80.01 | Revenue CAGR: 35.15% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.30 | Chg30d=-8.92% | Revisions=-14% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.30 | Chg30d=-7.94% | Revisions=+14% | Analysts=5
EPS current Year (2026-12-31): EPS=1.25 | Chg30d=-4.71% | Revisions=-11% | GrowthEPS=+0.0% | GrowthRev=+19.8%
EPS next Year (2027-12-31): EPS=1.34 | Chg30d=-2.24% | Revisions=-14% | GrowthEPS=+7.4% | GrowthRev=+13.7%
[Analyst] Revisions Ratio: -14%