← 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.7m |
$60.1m
+40.55%
|
$84.7m
+41.06%
|
$102.4m
+20.86%
|
$65.8m
-35.77%
|
$47.9m
-27.10%
|
$83.8m
+74.76%
|
$67.1m
-19.89%
|
$68.9m
+2.59%
|
$66.3m
-3.73%
|
$437.9m
+560.66%
|
|
| Cost of revenue | $35.5m |
$44.1m
+24.27%
|
$80.6m
+82.72%
|
$72.5m
-9.98%
|
$46.2m
-36.36%
|
$40.7m
-11.77%
|
$64.4m
+58.02%
|
$48.2m
-25.03%
|
$48.0m
-0.56%
|
$51.0m
+6.39%
|
— | |
| Gross profit | $7.2m |
$16.0m
+120.28%
|
$4.2m
-74.00%
|
$29.9m
+619.62%
|
$19.6m
-34.35%
|
$7.2m
-63.20%
|
$19.4m
+169.23%
|
$18.9m
-2.87%
|
$20.9m
+10.66%
|
$15.2m
-27.00%
|
— | |
| Research and development expenses | $6.9m | $7.6m | $3.2m | $3.1m | $7.0m | $5.8m | $9.0m | $8.8m | $14.3m | $16.4m | — | |
| Other general and administrative | — | — | — | — | — | $4.5m | $4.3m | $4.4m | $6.0m | $10.6m | — | |
| General and administrative expenses | $20.2m | $32.8m | $34.7m | $41.3m | $26.1m | $45.9m | $83.3m | $76.8m | $63.8m | $49.6m | $25.6m | |
| Operating expenses | $47.2m | $46.6m | $45.1m | $54.1m | $39.8m | $68.8m | $101.7m | $88.2m | $92.5m | $72.6m | $57.4m | |
| Loss from operations | ($39.9m) |
($30.6m)
+23.30%
|
($40.9m)
-33.69%
|
($24.2m)
+40.76%
|
($20.2m)
+16.77%
|
($61.6m)
-205.19%
|
($82.3m)
-33.67%
|
($69.3m)
+15.77%
|
($71.6m)
-3.32%
|
($57.3m)
+19.99%
|
— | |
| Interest expense | ($903k) | ($549k) | ($898k) | ($1.6m) | ($1.5m) | $93.8m | $136.5m | $195.5m | $192.7m | $321.5m | $363.5m | |
| Interest income | $184k | $74k | $68k | $40k | $55k | $291.4m | $364.2m | $527.6m | $522.1m | $939.4m | $1.2b | |
| Payment-in-kind interest income | — | — | — | — | — | $42.4m | $93.7m | $113.0m | $106.4m | $135.7m | — | |
| Net Investment Income (Loss) Before Taxes | — | — | — | — | — | $152.8m | $281.1m | $375.3m | $385.6m | $519.6m | — | |
| Net Investment Income (Loss) After Taxes | — | — | — | — | — | $147.8m | $273.2m | $366.1m | $374.1m | $512.1m | — | |
| Total Investment Income | — | — | — | — | — | $354.1m | $494.8m | $683.8m | $684.0m | $1.1b | — | |
| Net Change in Unrealized Gain (Loss) | ||||||||||||
| Foreign exchange transaction gain (loss) | $8k | $22k | ($4k) | $57k | ($18k) | ($147k) | ($118k) | $242k | ($882k) | $953k | — | |
| Total Net Change in Unrealized Gain (Loss) | — | — | — | — | — | $188.1m | ($295.0m) | ($3.5m) | $51.4m | $175.2m | — | |
| Total Net Realized Gain (Loss) | — | — | — | — | — | $88.9m | $40.8m | $6.5m | ($106.3m) | $33.1m | — | |
| Total Net Realized and Change in Unrealized Gain (Loss) | — | — | — | — | — | $277.0m | ($254.2m) | $3.0m | ($54.9m) | $208.3m | — | |
| Other income | ($2k) | $36k | $66k | $163k | $78k | $4.5m | $5.4m | $4.6m | $6.4m | $94k | — | |
| Other income, net | ($426k) | ($284k) | ($4.4m) | ($1.1m) | $337k | $35.2m | $176.0m | $7.9m | $20.2m | $13.6m | — | |
| Income tax expense (benefit), including excise tax expense (benefit) | — | — | — | — | — | $4.9m | $7.9m | $9.1m | $11.5m | $7.5m | $5.5m | |
| Income tax (provision) benefit | — | — | — | $0 | $0 | $979k | $0 | $0 | ($3k) | ($702k) | — | |
| Loss before income tax | ($40.3m) | ($30.9m) | ($45.4m) | ($25.4m) | ($19.8m) | ($26.4m) | $93.7m | ($61.5m) | ($51.4m) | ($43.7m) | — | |
| Income tax expenses | $546k | $308k | $16k | $398k | $282k | ($524k) | ($614k) | $18k | $30 | $2k | $5.5m | |
| Net loss | ($40.9m) | ($31.2m) | ($45.4m) | ($25.8m) | ($20.1m) | ($25.9m) | $94.3m | ($61.5m) | ($51.4m) | ($43.7m) | — | |
| Less: Net loss attributable to non-controlling interests | $0 | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($1.3m) | ($2.3m) | ($1.6m) | ($1.1m) | — | |
| Earnings (Loss) Per Share - Basic (in USD per share) | — | — | — | — | ($4.16) | $3.05 | $0.09 | $1.80 | $1.52 | ($4.68) | — | |
| Earnings (Loss) Per Share - Diluted (in USD per share) | — | — | — | — | ($4.16) | $3.05 | $0.09 | $1.80 | $1.52 | ($4.68) | — | |
| Weighted Average Shares Outstanding - Basic (in shares) | — | — | — | — | 4.6m | 139.2m | 201.4m | 205.0m | 209.8m | 409.4m | — | |
| Weighted Average Shares Outstanding - Diluted (in shares) | — | — | — | — | 4.6m | 139.2m | 201.4m | 205.0m | 209.8m | 409.4m | — | |
| Weighted - average shares -basic and diluted | $5.7m | $6.4m | $2.3m | $3.9m | $4.6m | $12.7m | — | — | — | — | — | |
| Comprehensive loss | ||||||||||||
| Dividend income | — | — | — | — | — | $15.9m | $31.5m | $38.6m | $8.7m | $25.6m | $111.5m | |
| Payment-in-kind dividend income | — | — | — | — | — | — | $31.4m | $35.4m | $40.4m | $34.5m | — | |
| Management fees, net | — | — | — | — | — | $46.8m | $55.8m | $58.4m | $56.7m | $144.9m | — | |
| Performance based incentive fees | — | — | — | — | — | — | — | $40.7m | $41.0m | $93.4m | — | |
| Capital gains incentive fees | — | — | — | — | — | — | — | $299k | ($5.5m) | $37.5m | — | |
| Professional fees | — | — | — | — | — | $8.0m | $7.4m | $8.2m | $6.5m | $12.1m | — | |
| Listing advisory fees (net of Adviser reimbursement) | — | — | — | — | — | — | — | $0 | $0 | $4.8m | — | |
| Directors' fees | — | — | — | — | — | $1.0m | $1.1m | $1.0m | $1.0m | $1.1m | — | |
| Translation of assets and liabilities in foreign currencies and other transactions | — | — | — | — | — | ($852k) | $488k | $3.1m | ($263k) | $29.7m | — | |
| Non-controlled, non-affiliated investments | — | — | — | — | — | $88.5m | $41.2m | $8.2m | ($104.2m) | $54.6m | — | |
| Foreign currency transactions | — | — | — | — | — | $399k | ($404k) | ($1.7m) | ($2.0m) | ($21.5m) | — | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | ($40.9m) | ($31.4m) | ($44.1m) | ($25.4m) | ($19.2m) | $424.8m | $19.0m | $369.1m | $319.2m | $720.4m | — | |
| Selling and distribution expenses | $5.6m | $4.5m | $8.0m | $9.1m | $4.4m | $8.0m | $10.2m | $10.6m | $10.4m | $9.3m | — | |
| Allowance for (net recovery of) credit losses | $14.5m | $1.8m | ($841k) | $611k | $2.2m | $8.2m | ($659k) | ($9.0m) | $4.1m | ($2.9m) | — | |
| Impairment loss of property and equipment and other long-lived assets | — | — | — | $0 | $0 | $768k | $0 | $1.0m | $0 | $0 | — | |
| Subsidy income | $289k | $133k | $372k | $1.1m | $1.2m | $356k | $12k | $325k | $131k | $86k | — | |
| Loss (gain) in fair value changes of warrants liability | — | — | — | $0 | $0 | $35.4m | $174.5m | $6.1m | ($934k) | $6k | — | |
| Impairment loss on goodwill and intangible assets | — | — | — | — | $0 | $0 | ($2.3m) | ($10.0m) | $0 | $0 | — | |
| Foreign currency translation adjustment | $99k | ($30k) | $1.8m | $1.4m | ($84k) | ($851k) | $9.3m | $23.8m | $2.0m | ($3.6m) | — | |
| Less: Comprehensive loss attributable to non- controlling interests | $0 | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($1.3m) | ($2.3m) | ($1.6m) | ($1.1m) | — | |
| Comprehensive loss attributable to Recon Technology, Ltd | ($40.8m) | ($31.5m) | ($42.3m) | ($24.0m) | ($19.3m) | ($23.7m) | $104.9m | ($35.3m) | ($47.9m) | ($46.2m) | — | |
| Income from investment in unconsolidated entity | — | $0 | $0 | ($960k) | $463k | ($267k) | $15k | $0 | $0 | — | — | |
| Comprehensive income (loss) | ($40.8m) | ($31.2m) | ($43.6m) | ($24.4m) | ($20.2m) | ($26.7m) | $103.6m | ($37.7m) | ($49.4m) | — | — | |
| Remeasurement gain of previously held equity interests in connection with step acquisition | — | — | — | $0 | $0 | $979k | $0 | $0 | ($3k) | ($702k) | — | |
| Loss per common share - basic and diluted | ($7) | ($5) | ($19) | ($6) | ($4) | ($2) | — | — | — | — | — | |
| Impairment loss of investment in unconsolidated entity | $0 | $0 | $4.0m | $0 | — | — | — | — | — | — | — | |
| Change in fair value of warrants liability | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Loss from warrants redemption | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Total Expenses | — | — | — | — | — | $201.4m | $213.7m | $308.5m | $298.4m | $625.9m | $57.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.