← Blue Owl Technology Finance Corp.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest receivable | — | — | — | — | — | — | $41.5m | $44.2m | $45.8m | $83.0m | |
| Dividend income receivable | — | — | — | — | — | — | $6.2m | $5.8m | $1.9m | $6.3m | |
| Prepaid expenses and other assets | — | — | — | — | — | — | $902k | $1.1m | $10.4m | $56.8m | |
| Short-term investments | — | — | — | — | — | — | $0 | $184.2m | $88.1m | $3.6m | |
| Notes receivable | $4.7m | $6.1m | $4.0m | $3.1m | $4.2m | $6.3m | $10.8m | $3.7m | $1.3m | $0 | |
| Accounts receivable, net | $38.1m | $39.4m | $24.3m | $68.5m | $48.2m | $26.7m | $22.6m | $27.5m | $38.6m | $35.9m | |
| Inventories, net | $6.3m | $2.6m | $6.8m | $1.3m | $2.0m | $3.6m | $3.9m | $6.3m | $1.1m | $1.3m | |
| Other receivables, net | $44.0m | $4.1m | $5.4m | $5.7m | $6.4m | $6.9m | $5.5m | $2.2m | $3.6m | $3.8m | |
| Prepaid expenses | $110k | $828k | $510k | $193k | $198k | $146k | $420k | $350k | $402k | $389k | |
| Long-term other receivables, net | — | — | $0 | $440k | $4k | $115k | $1.6m | $4k | $0 | — | |
| Prepaid expenses - related parties | — | — | $0 | $218k | $0 | $433k | $275k | $0 | — | — | |
| Trade accounts receivable-related party, net | — | — | $0 | $3.4m | $3.1m | $0 | — | — | — | — | |
| Long-term trade accounts receivable, net | $2.2m | $0 | $4.2m | $0 | — | — | — | — | — | — | |
| Total Current Assets | $74.3m | $68.4m | $100.8m | $97.8m | $129.3m | $488.5m | $445.6m | $504.4m | $506.5m | $356.2m | |
| Property and equipment, net | $2.9m | $2.8m | $3.2m | $3.7m | $29.8m | $27.1m | $25.5m | $24.8m | $22.1m | $20.0m | |
| Intangible assets, net | — | — | — | — | — | $6.7m | $6.0m | $0 | — | — | |
| Goodwill | — | — | — | — | — | $7.0m | $4.7m | $0 | — | — | |
| Operating lease right-of-use assets, net (including ¥1,769,840 and ¥696,851($97,277) from a related party as of June 30, 2024 and June 30, 2025, respectively) | — | — | — | — | — | — | — | $2.7m | $23.5m | $19.0m | |
| Operating lease right-of-use assets (including ¥765,241 and ¥335,976 ($46,333) from a related party as of June 30, 2022 and 2023, respectively) | — | — | — | $0 | $2.5m | $7.9m | $6.7m | $2.7m | — | — | |
| Investments at fair value | — | — | — | — | — | — | $6.4b | $6.1b | $6.4b | $14.3b | |
| Cash (restricted cash of $— and $—, respectively) | $1.8m | $3.8m | $45.3m | $4.5m | $30.3m | $344.0m | $203.3m | $469.0m | $253.0m | $282.3m | |
| Foreign cash (cost of $709 and $4,040, respectively) | — | — | — | — | — | — | — | $6k | $4.0m | $667k | |
| Net Carrying Value | — | — | — | — | — | — | $3.2b | $2.9b | $2.9b | $6.3b | |
| Management fee payable | — | — | — | — | — | — | $14.2m | $14.3m | $14.7m | $48.6m | |
| Distribution payable | — | — | — | — | — | — | $59.1m | $76.9m | $71.0m | $185.7m | |
| Incentive fee payable | — | — | — | — | — | — | $15.0m | $17.9m | $11.1m | $68.1m | |
| Payables to affiliates | — | — | — | — | — | — | $2.8m | $1.1m | $1.9m | $64k | |
| Payable for investments purchased | — | — | — | — | — | — | $0 | $24.2m | $52.8m | $3.0m | |
| Common shares $0.01 par value, 1,000,000,000 shares authorized; 464,047,623 and 212,155,118 shares issued and outstanding, respectively | 741k | 1.3m | 2.3m | 2.7m | 4.6m | 16.3m | 2.0m | 2.1m | 2.1m | 4.6m | |
| Net Asset Value Per Share (in USD per share) | — | — | — | — | — | — | $16.70 | $17.03 | $17.09 | $17.33 | |
| Restricted cash | — | — | — | — | — | $0 | $724k | $732k | $849k | $8k | |
| Loans to third parties-short term | — | — | $2.0m | $5.0m | $3.2m | $50.5m | $50.4m | $123.1m | $208.9m | $141.6m | |
| Purchase advances, net | $2.6m | $11.5m | $12.7m | $1.3m | $179k | $1.1m | $178k | $2.7m | $5.2m | $14.6m | |
| Contract costs, net | — | — | — | — | $31.5m | $48.8m | $33.9m | $49.6m | $48.3m | $53.5m | |
| Deferred offering cost | — | — | — | — | — | — | — | — | $0 | $2.5m | |
| Construction in progress | — | $0 | $11.8m | $21.5m | $27.2m | — | $240k | $0 | $219k | $12.0m | |
| Loans to third parties-long term | — | — | — | — | — | — | — | — | — | $118.5m | |
| Short-term bank loans | — | — | $0 | $2.5m | $9.5m | $15.0m | $10.0m | $12.5m | $12.4m | $11.6m | |
| Other payables | $15.6m | $3.4m | $3.3m | $2.2m | $2.6m | $9.9m | $3.5m | $8.4m | $5.1m | $9.1m | |
| Contract liabilities | — | — | — | $120k | $3.5m | $7.7m | $2.0m | $2.7m | $1.8m | $4.7m | |
| Taxes payable | $756k | $685k | $432k | $2.2m | $1.1m | $1.2m | $2.2m | $1.2m | $993k | $796k | |
| Short-term borrowings - related parties | — | — | — | — | $10.2m | $12.7m | $9.0m | $20.0m | $10.0m | $10.0m | |
| Operating lease liabilities - current (including ¥1,775,114 and ¥355,601 ($49,640) from related parties as of June 30, 2024 and June 30, 2025, respectively) | — | — | — | $0 | $1.3m | $2.2m | $3.9m | $3.1m | $3.7m | $1.8m | |
| Operating lease liabilities - non-current (including ¥335,976 and nil from related parties as of June 30, 2024 and June 30, 2025, respectively) | — | — | — | $0 | $1.2m | $4.8m | $2.2m | $25k | $4.0m | $1.1m | |
| Long-term borrowings - related party | — | $0 | $8.9m | $8.2m | $7.4m | $6.5m | $5.5m | $0 | $10.0m | $10.0m | |
| Warrant liability - non-current | — | — | — | — | — | $190.6m | $16.7m | $31.6m | $7k | $688 | |
| Statutory reserve | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | |
| Non-controlling interests | $8.2m | $8.5m | $10.9m | $11.1m | $10.6m | ($7.6m) | ($7.7m) | ($10.1m) | ($11.6m) | ($13.5m) | |
| Other payable- related parties | — | — | — | — | $4.5m | $2.4m | $2.2m | $2.6m | — | — | |
| Long-term borrowings - related party - current portion | — | $0 | $720k | $781k | $847k | $920k | $1,000k | — | — | — | |
| Contract liabilities - non-current | — | — | — | — | — | — | $106k | $0 | — | — | |
| Land use right, net | — | $0 | $1.3m | $1.3m | $1.3m | $1.3m | $1.2m | — | — | — | |
| Investment in unconsolidated entity | — | — | $0 | $31.1m | $31.5m | $27.9m | — | — | — | — | |
| Short-term borrowings | $26.4m | $300k | $0 | $1.1m | $200k | $530k | $0 | — | — | — | |
| Investment payable | — | — | $0 | $6.4m | $6.4m | — | — | — | — | — | |
| Contract assets, net | — | — | $0 | $4.6m | $31.5m | — | — | — | — | — | |
| Prepayments for construction in progress | — | $0 | $474k | $1.1m | $0 | — | — | — | — | — | |
| Deferred revenue | $407k | $1.3m | $85k | — | — | — | — | — | — | — | |
| Total accumulated undistributed earnings | ($63.9m) | ($95.4m) | ($139.4m) | ($164.8m) | ($184.0m) | ($206.9m) | $169.2m | $247.2m | $270.8m | $463.2m | |
| Total Net Assets | $41.4m | $33.2m | $76.0m | $95.6m | $110.0m | $295.1m | $3.4b | $3.5b | $3.6b | $8.0b | |
| Total shareholders' equity | $49.6m | $41.7m | $86.9m | $106.7m | $120.6m | $287.5m | $412.9m | $439.2m | $490.9m | $454.0m | |
| Total Assets | $79.5m | $71.2m | $121.8m | $157.0m | $194.4m | $566.5m | $6.7b | $6.7b | $6.7b | $14.7b | |
| Accrued expenses and other liabilities | — | — | — | — | — | — | $26.9m | $40.5m | $31.4m | $79.8m | |
| Accounts payable | $7.5m | $8.4m | $8.8m | $14.1m | $23.0m | $22.0m | $16.7m | $10.8m | $10.2m | $19.4m | |
| Accrued payroll and employees' welfare | $381k | $2.0m | $600k | $1.4m | $1.9m | $2.0m | $2.3m | $2.4m | $3.2m | $3.2m | |
| Total Current Liabilities | $29.9m | $29.4m | $26.0m | $42.1m | $65.2m | $76.5m | $52.9m | $61.0m | $47.5m | $60.6m | |
| Deferred tax liability | — | — | — | — | $0 | $624k | $188k | — | — | — | |
| Total Liabilities | — | $29.4m | $34.9m | $50.3m | $73.8m | $279.0m | $3.3b | $3.1b | $3.1b | $6.7b | |
| Total Liabilities and Net Assets | $79.5m | $71.2m | $121.8m | $157.0m | $194.4m | $566.5m | $6.7b | $6.7b | $6.7b | $14.7b | |
| Additional paid-in-capital | — | — | — | — | — | — | $3.2b | $3.3b | $3.4b | $7.6b | |
| Additional paid-in capital | $100.6m | $123.4m | $207.5m | $250.6m | $282.5m | $479.5m | $496.0m | $580.3m | $681.5m | $692.6m | |
| Accumulated other comprehensive income | ($219k) | ($249k) | $1.5m | $2.9m | $2.8m | $2.0m | $11.3m | $35.1m | $37.1m | $33.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.