Blue Owl Technology Finance OTF
NYSE OTF
$10.77 -0.17 (-1.55%)
As of: Sep 10, 2026 · 9:56 AM EDT

Blue Owl Technology Finance (OTF) Operating Expenses (2022 - 2026)

Blue Owl Technology Finance's (OTF) quarterly Operating Expenses came in at $199.0 million in Q2 2026, up 25.18% year-over-year from $159.0 million in Q2 2025, and up 29.74% quarter-over-quarter from $153.4 million in Q1 2026.

Analysis

Blue Owl Technology Finance (OTF) Operating Expenses (2022 - 2026) Analysis & Trends

Blue Owl Technology Finance (OTF) has reported Operating Expenses for 5 consecutive years, with $199.0 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 25.18% year-over-year to $199.0 million in Q2 2026; TTM through Jun 2026 was $542.6 million, a 37.98% increase from a year earlier, with the FY2025 full-year figure at $625.9 million, up 109.72% from the prior year.
  • Operating Expenses was $199.0 million for Q2 2026 at Blue Owl Technology Finance, up from $153.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $199.0 million in Q2 2026 and troughed at $684000.0 in Q4 2025.
  • A 5-year average of $89.1 million and a median of $76.4 million in 2024 frame the typical range for Operating Expenses.
  • The widest YoY moves for Operating Expenses: up 150.11% in 2025, down 99.1% in 2025.
  • Over 5 years, Operating Expenses stood at $68.4 million in 2022, then advanced by 13.6% to $77.7 million in 2023, then declined by 1.73% to $76.4 million in 2024, then plunged by 99.1% to $684000.0 in 2025, then soared by 28988.6% to $199.0 million in 2026.
  • The last three Operating Expenses figures came in at $199.0 million (Q2 2026), $153.4 million (Q1 2026), and $684000.0 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ares Capital 14.08 Bn 13.70 Bn - 401.00 Mn
2 Blackstone Secured Lending Fund 5.69 Bn 5.42 Bn - 142.27 Mn
3 Blue Owl Capital 5.49 Bn 5.25 Bn - 224.46 Mn
4 Main Street Capital 5.24 Bn 5.18 Bn - 55.78 Mn
5 Blue Owl Technology Finance 4.98 Bn 4.77 Bn - 198.97 Mn
6 Hercules Capital 4.62 Bn 4.57 Bn - 61.10 Mn
7 FS KKR Capital 3.35 Bn 3.24 Bn - 179.00 Mn
8 Golub Capital Bdc 3.32 Bn 3.27 Bn - 102.51 Mn
9 PennantPark Floating Rate Capital 2.48 Bn -128.99 Mn - 40.19 Mn
10 MidCap Financial Investment 2.07 Bn 2.02 Bn - 35.52 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 198.97 Mn
Mar 31, 2026 153.35 Mn
Dec 31, 2025 684,000.00
Sep 30, 2025 189.59 Mn
Jun 30, 2025 158.95 Mn
Mar 31, 2025 82.13 Mn
Dec 31, 2024 76.36 Mn
Sep 30, 2024 75.80 Mn
Jun 30, 2024 69.92 Mn
Mar 31, 2024 76.34 Mn
Dec 31, 2023 77.71 Mn
Sep 30, 2023 73.37 Mn
Jun 30, 2023 80.65 Mn
Mar 31, 2023 76.81 Mn
Dec 31, 2022 68.41 Mn
Sep 30, 2022 68.64 Mn
Jun 30, 2022 36.61 Mn
Mar 31, 2022 40.08 Mn