Blue Owl Technology Finance Corp. (OTF) Stock

Blue Owl Technology Finance Corp. (OTF) is a Financial Services stock trading at $9.95 (as of 2026-07-24), with a market capitalization of $4.60B and a trailing P/E of 10.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Blue Owl Technology Finance Corp. is a business development company that provides financing to upper middle-market businesses through debt and equity investments, including senior and subordinated loan instruments, mezzanine loans, and equity-related securities such as common equity, warrants, and preferred stock. It primarily invests in the United States.

Understand Blue Owl Technology Finance Corp.: how it makes money

Blue Owl Technology Finance Corp. invests in upper middle-market technology and software companies, providing debt (including senior secured or unsecured, subordinated, and mezzanine loans) and equity-related securities (including common equity, warrants, and preferred stock). Its income is reflected in portfolio revenue, including Revenue of debt portfolio.

Its profit model is primarily driven by the debt portfolio earning power (captured by Weighted average spread over base rate), adjusted by credit performance (captured by Non-accrual rate at fair value), while results also depend on how quickly new commitments are deployed versus sales and repayments.

Business quality (Weak): The provided operating metrics focus on earning power (spread), credit performance (non-accrual), and scale (AUM, portfolio size), but there is no official reportable segment breakdown included here, and revenue and margins are not provided for the latest period.

Valuation: At 7× earnings, OTF trades 33% below the Asset Management average (10×). Note: one-time items can distort reported P/E.

Bull case

Earning power in the debt portfolio: Weighted average spread over base rate is 5.6 percent (an operating indicator of income generation on its debt investments).
Credit performance snapshot is strong: Non-accrual rate at fair value is 0.0 (suggesting no investments are on non-accrual at fair value in the provided quarter data).
Scale and ongoing deal flow: Assets under management is 71.6 USD_B, and the company reported New investment commitments of 2.3 USD_B, with New investment commitments deployed of 1.7 USD_B.

Bear case

Some non-accrual exposure remains possible: Investments on non-accrual as a percentage of portfolio at fair value is 0.1 percent, which indicates credit issues can still exist even when the Non-accrual rate at fair value is 0.0.
Deployment gap risk: New investment commitments (2.3 USD_B) exceed New investment commitments deployed (1.7 USD_B), which can reflect deal timing or other execution frictions.
Portfolio turnover can pressure growth: Sales and repayments (0.88 USD_B) occur alongside deployments, so growth depends on balancing new fundings (Principal amount of new investments funded of 1.3 USD_B) against repayments.

Valuation — source: SEC EDGAR (first-party)
Price	$9.95
Market Cap	$4.60B
P/E Ratio	10.9
Price / Book	0.61
Price / Sales	2321.38
DCF Value (model)	$25.79
DCF Upside vs Price	159.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.34M
Net Margin	53559.2%
Revenue Growth (YoY)	1160.0%
EPS Growth (YoY)	-242.4%

Valuation vs Sector & Industry
Stock P/E	10.9
Sector P/E (Financial Services)	8.9
Industry P/E (Asset Management)	8.9
vs Sector	22.5%
vs Industry	22.2%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	REGENTS OF THE UNIVERSITY OF CALIFORNIA ($540.51M)
Institutional Holders Tracked	10

Company
Sector	Financial Services
Industry	Asset Management
CEO	Craig William Packer
Country	US
IPO Date	2025-06-12

Related Companies (Business model: Closed-End Fund; 8 closest by market cap; US-domiciled)

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.