NASDAQ : TCPC
BlackRock TCP Capital Corp. — Financial statements
Financials · Asset Management · United States
Last price 4.22 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 354.07M
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Financial statements
BlackRock TCP Capital Corp. (TCPC) reported revenue of 177.04M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Other Revenue | 177.04M | 201.79M | 259.44M | 209.33M | 181.00M | 165.11M |
| Revenue | 177.04M | 201.79M | 259.44M | 209.33M | 181.00M | 165.11M |
| Gross Profit | 177.04M | 201.79M | 259.44M | 209.33M | 181.00M | 165.11M |
| Selling, General & Admin | 27.43M | 25.87M | 54.99M | 54.71M | 53.21M | 51.57M |
| Operating Expenses | 27.43M | 25.87M | 54.99M | 54.71M | 53.21M | 51.57M |
| Operating Income | 149.61M | 175.91M | 204.44M | 154.61M | 127.80M | 113.53M |
| Interest Expense | -61.54M | -64.34M | -70.85M | -46.99M | -38.53M | -39.42M |
| Other Non Operating Income (Expenses) | -1.43M | -1.77M | -1.32M | -819.81K | -830.55K | -1.57M |
| EBT Excluding Unusual Items | 86.64M | 109.80M | 132.27M | 106.80M | 88.44M | 72.54M |
| Gain (Loss) on Sale of Investments | -191.53M | -198.05M | -194.89M | -68.08M | -97.66M | 67.45M |
| Other Unusual Items | -2.90M | -6.21M | ||||
| Pretax Income | -107.79M | -88.25M | -62.61M | 38.72M | -9.23M | 133.79M |
| Income Tax Expense | 683.41K | 683.41K | 522.55K | 247.31K | ||
| Earnings From Continuing Operations | -108.47M | -88.93M | -63.14M | 38.47M | -9.23M | 133.79M |
| Net Income | -108.47M | -88.93M | -63.14M | 38.47M | -9.23M | 133.79M |
| Net Income to Common | -108.47M | -88.93M | -63.14M | 38.47M | -9.23M | 133.79M |
| Shares Outstanding (Basic) | 84.52M | 84.99M | 79.67M | 57.77M | 57.77M | 57.77M |
| Shares Outstanding (Diluted) | 84.52M | 84.99M | 79.67M | 57.77M | 57.77M | 57.77M |
| EPS (Basic) | -1.28 | -1.05 | -0.79 | 0.67 | -0.16 | 2.32 |
| EPS (Diluted) | -1.28 | -1.05 | -0.79 | 0.67 | -0.16 | 2.32 |
| Dividend Per Share | 0.84 | 1.00 | 1.36 | 1.34 | 1.22 | 1.20 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 84.50% | 87.18% | 78.80% | 73.86% | 70.60% | 68.76% |
| Profit Margin | -61.27% | -44.07% | -24.34% | 18.38% | -5.10% | 81.03% |
| EBIT | 149.61M | 175.91M | 204.44M | 154.61M | 127.80M | 113.53M |
| EBIT Margin | 84.50% | 87.18% | 78.80% | 73.86% | 70.60% | 68.76% |
| Effective Tax Rate | 0.64% | |||||
| Revenue as Reported | 177.04M | 201.79M | 259.44M | 209.33M | 181.00M | 165.11M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 157.55M | 61.08M | 91.59M | 112.24M | 82.44M | 19.55M |
| Cash & Short-Term Investments | 157.55M | 61.08M | 91.59M | 112.24M | 82.44M | 19.55M |
| Accounts Receivable | 23.61M | 47.81M | 27.27M | 25.65M | 20.90M | 26.09M |
| Other Receivables | 817.97K | |||||
| Receivables | 23.61M | 47.81M | 28.09M | 25.65M | 20.90M | 26.09M |
| Prepaid Expenses | 2.20M | 3.05M | 2.36M | 2.27M | 2.83M | 2.67M |
| Total Current Assets | 183.35M | 111.93M | 122.04M | 140.16M | 106.16M | 48.30M |
| Long-Term Investments | 1.29B | 1.53B | 1.79B | 1.55B | 1.61B | 1.84B |
| Long-Term Deferred Charges | 2.59M | 5.12M | 6.24M | 3.67M | 3.60M | 4.79M |
| Total Assets | 1.48B | 1.65B | 1.92B | 1.70B | 1.72B | 1.89B |
| Accounts Payable | 99.49K | 960.00K | 1.94M | 28.99M | ||
| Accrued Expenses | 13.71M | 15.53M | 17.80M | 24.17M | 22.27M | 22.37M |
| Short-Term Debt | 731.83K | |||||
| Current Portion of Long-Term Debt | 249.60M | |||||
| Other Current Liabilities | 169.32K | 1.27M | 932.22K | 844.66K | 4.39M | 942.09K |
| Total Current Liabilities | 13.87M | 16.80M | 19.57M | 275.57M | 28.59M | 52.31M |
| Long-Term Debt | 910.58M | 1.04B | 1.12B | 735.60M | 944.01M | 1.01B |
| Total Liabilities | 924.46M | 1.05B | 1.14B | 1.01B | 972.60M | 1.06B |
| Common Stock | 83.90K | 84.56K | 85.08K | 57.77K | 57.77K | 57.77K |
| Additional Paid-In Capital | 1.73B | 1.73B | 1.73B | 967.64M | 967.89M | 966.41M |
| Retained Earnings | -1.18B | -1.13B | -946.02M | -280.10M | -221.19M | -137.01M |
| Shareholders' Equity | 552.01M | 598.01M | 785.12M | 687.60M | 746.75M | 829.46M |
| Total Liabilities & Equity | 1.48B | 1.65B | 1.92B | 1.70B | 1.72B | 1.89B |
| Total Debt | 910.58M | 1.04B | 1.12B | 985.20M | 944.01M | 1.01B |
| Net Cash (Debt) | -753.04M | -974.47M | -1.03B | -872.96M | -861.57M | -992.91M |
| Net Cash Per Share | -8.91 | -11.47 | -12.90 | -15.11 | -14.91 | -17.19 |
| Filing Date Shares Outstanding | 83.90M | 84.33M | 85.08M | 57.77M | 57.77M | 57.77M |
| Total Common Shares Outstanding | 83.90M | 84.56M | 85.08M | 57.77M | 57.77M | 57.77M |
| Working Capital | 169.48M | 95.13M | 102.47M | -135.41M | 77.57M | -4.01M |
| Book Value Per Share | 6.58 | 7.07 | 9.23 | 11.90 | 12.93 | 14.36 |
| Tangible Book Value | 552.01M | 598.01M | 785.12M | 687.60M | 746.75M | 829.46M |
| Tangible Book Value Per Share | 6.58 | 7.07 | 9.23 | 11.90 | 12.93 | 14.36 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -108.47M | -88.93M | -63.14M | 38.47M | -9.23M | 133.79M |
| Other Amortization | 4.95M | 5.46M | 5.05M | 3.25M | 3.21M | 4.96M |
| Loss (Gain) From Sale of Investments | 180.69M | 184.98M | 172.98M | 62.07M | 88.40M | -76.96M |
| Other Operating Activities | -13.31M | -21.89M | -6.52M | -10.39M | -7.90M | -741.89K |
| Change in Accounts Receivable | 5.40M | -23.45M | 7.86M | -4.75M | 5.18M | -10.24M |
| Change in Accounts Payable | -5.02M | -99.49K | -1.45M | -977.47K | -27.06M | -4.28M |
| Change in Other Net Operating Assets | 335.46M | 98.85M | 178.35M | 4.77M | 151.34M | -129.15M |
| Operating Cash Flow | 399.70M | 154.92M | 293.12M | 92.45M | 203.95M | -82.61M |
| Long-Term Debt Issued | 282.19M | 694.23M | 292.70M | 572.60M | 1.24B | |
| Long-Term Debt Repaid | -368.05M | -872.50M | -253.42M | -643.19M | -1.09B | |
| Net Debt Issued (Repaid) | -265.41M | -85.87M | -178.27M | 39.28M | -70.59M | 155.89M |
| Repurchase of Common Stock | -5.58M | -3.01M | -4.52M | |||
| Common Dividends Paid | -71.02M | -84.96M | -122.54M | -100.52M | -70.48M | -69.32M |
| Dividends Paid | -71.02M | -84.96M | -122.54M | -100.52M | -70.48M | -69.32M |
| Other Financing Activities | -4.07M | -1.38M | -8.44M | -1.41M | -4.41M | |
| Financing Cash Flow | -349.48M | -185.43M | -313.77M | -62.65M | -141.07M | 82.15M |
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | 50.23M | -30.51M | -20.65M | 29.81M | 62.88M | -454.31K |
| Levered Free Cash Flow | 58.56M | 52.74M | 78.88M | 63.71M | 40.31M | 35.29M |
| Unlevered Free Cash Flow | 92.07M | 87.50M | 118.11M | 89.83M | 61.17M | 54.96M |
| Cash Interest Paid | 60.69M | 59.63M | 68.82M | 42.59M | 36.92M | 33.48M |
| Change in Working Capital | 335.84M | 75.30M | 184.75M | -949.64K | 129.46M | -143.66M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 359.10M | 464.08M | 745.50M | 666.63M | 747.51M | 780.44M |
| Enterprise Value | 1.11B | 1.45B | 1.80B | 1.55B | 1.63B | 1.72B |
| Last Close Price | 4.28 | 4.76 | 6.45 | 7.35 | 7.12 | 6.74 |
| PE Ratio | 17.33 | 5.83 | ||||
| Forward PE | 10.01 | 5.76 | 5.95 | 6.29 | 8.12 | 10.36 |
| PS Ratio | 2.03 | 2.30 | 2.87 | 3.19 | 4.13 | 4.73 |
| PB Ratio | 0.65 | 0.78 | 0.95 | 0.97 | 1.00 | 0.94 |
| P/TBV Ratio | 0.65 | 0.78 | 0.95 | 0.97 | 1.00 | 0.94 |
| P/OCF Ratio | 0.90 | 3.00 | 2.54 | 7.21 | 3.67 | |
| PEG Ratio | 0.89 | 0.89 | 0.89 | 0.89 | 0.86 | |
| EV/Sales Ratio | 6.28 | 7.21 | 6.95 | 7.38 | 8.98 | 10.43 |
| EV/EBIT Ratio | 7.43 | 8.27 | 8.81 | 9.99 | 12.72 | 15.16 |
| Debt / Equity Ratio | 1.65 | 1.73 | 1.43 | 1.43 | 1.26 | 1.22 |
| Net Debt / Equity Ratio | 1.36 | 1.63 | 1.31 | 1.27 | 1.15 | 1.20 |
| Asset Turnover | 0.10 | 0.11 | 0.14 | 0.12 | 0.10 | 0.09 |
| Quick Ratio | 13.06 | 6.48 | 6.12 | 0.50 | 3.61 | 0.87 |
| Current Ratio | 13.21 | 6.66 | 6.24 | 0.51 | 3.71 | 0.92 |
| Return on Equity (ROE) | -16.79% | -12.86% | -8.57% | 5.37% | -1.17% | 16.78% |
| Return on Assets (ROA) | 5.48% | 6.15% | 7.06% | 5.65% | 4.42% | 3.98% |
| Return on Invested Capital (ROIC) | 11.07% | 10.39% | 12.12% | 9.70% | 7.45% | 6.64% |
| Return on Capital Employed (ROCE) | 10.20% | 10.80% | 10.70% | 10.90% | 7.60% | 6.20% |
| Earnings Yield | -29.99% | -19.16% | -8.47% | 5.77% | -1.23% | 17.14% |
| Dividend Yield | 15.89% | 18.22% | 15.52% | 11.61% | 9.43% | 8.88% |
| Payout Ratio | 261.25% | 51.81% | ||||
| Buyback Yield / Dilution | 0.90% | -6.68% | -37.92% | 0.39% | ||
| Total Shareholder Return | 16.79% | 11.55% | -22.40% | 11.61% | 9.43% | 9.27% |