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Financials · TCPC

BlackRock TCP Capital Corp. (TCPC) financials

For fiscal 2025 (ended Dec 31, 2025), BlackRock TCP Capital Corp. reported $95.17M of revenue and -$88.93M of net income.

Revenue, FY2025
$95.17M
Revenue growth, YoY
-16.5%
Net income, FY2025
-$88.93M
Net margin
-93.4%
EPS, diluted, FY2025
-$1.05
Cash
$253.14M
Total debt
$326.38M
P/S
3.63
Market cap
$345.7M
Annual revenue$95.17M
FY2022FY2025
Annual net income-$88.93M
FY2020FY2025

TCPC revenue and earnings growth

TCPC revenueQ3 2026$28.48M

Quarter YoY
-43.6%
FY YoY
-16.5%

TCPC revenue was $28.48M in fiscal Q3 2026 (ended Sep 30, 2026), down 43.6% from a year earlier. For the full fiscal 2025 it was $95.17M, down 16.5% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

TCPC net incomeQ3 2026-$66.75M

TCPC net income was -$66.75M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $24.37M a year earlier. For the full fiscal 2025 it was -$88.93M, compared with -$63.14M in fiscal 2024.

TCPC EPSQ3 2026-$0.80

TCPC diluted EPS was -$0.80 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $0.29 a year earlier. For the full fiscal 2025 it was -$1.05, compared with -$0.79 in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$95.17M$114.03M$97.58M$72.45M--
Selling, general and admin$1.92M$2.39M$1.53M$1.76M$1.85M-
Net income-$88.93M-$63.14M$38.47M-$9.23M$133.79M$71.37M
EPS, basic-$1.05-$0.79$0.67-$0.16$2.32$1.23
EPS, diluted-$1.05-$0.79$0.67-$0.16$2.32$1.23
Diluted shares85.0M79.7M57.8M57.8M57.8M58.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$61.08M$91.59M$112.24M$82.44M$19.55M$20.01M
Total assets$1.65B$1.92B$1.70B$1.72B$1.89B-
Total debt$1.04B$1.12B$985.20M$944.01M$1.01B-
Total liabilities$1.05B$1.14B$1.01B$972.60M$1.06B-
Shareholders' equity$598.01M$785.12M$687.60M$746.75M$829.46M$764.99M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow$154.92M$293.12M$92.45M$203.95M-$82.61M$122.33M
Financing cash flow-$185.43M-$313.77M-$62.65M-$141.07M$82.15M-$147.17M
Dividends paid$95.17M$122.54M$100.52M$70.48M$69.32M$76.61M
Share repurchases$3.01M$4.52M$0$0--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY-16.5%16.9%34.7%---
Net income growth, YoY----87.4%-
EPS growth, YoY----88.6%-
Net margin-93.4%-55.4%39.4%-12.7%--
Return on equity-14.9%-8.0%5.6%-1.2%16.1%9.3%
Return on assets-5.4%-3.3%2.3%-0.5%7.1%-
Debt to equity1.731.421.431.261.22-

Source: XBRL data BlackRock TCP Capital Corp. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TCPC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TCPC$95.17M-16.5%-$88.93M-93.4%$345.7M
MAIN$577.75M+2.9%$444.75M77.0%$5.34B
HASI$474.29M+22.6%$149.37M31.5%$5.03B

TCPC FAQ

7 questions
  • What is TCPC revenue?
    BlackRock TCP Capital Corp. (TCPC) reported $95.17M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 16.5% from the year before.
  • Is TCPC profitable?
    No. BlackRock TCP Capital Corp. reported a net loss of $88.93M for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does TCPC have?
    BlackRock TCP Capital Corp. reported $253.14M in cash and cash equivalents and $326.38M of debt on its most recent balance sheet in SEC filings.
  • How fast is TCPC revenue growing?
    BlackRock TCP Capital Corp.'s revenue changed -16.5% in fiscal 2025, to $95.17M.
  • What is TCPC earnings per share?
    Diluted earnings per share were -$1.05 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did TCPC last report financial results?
    The latest statements here come from BlackRock TCP Capital Corp.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this TCPC financial data come from?
    Quantisnow builds these statements from the structured XBRL data BlackRock TCP Capital Corp. files with the SEC. It is provided for information only and is not investment advice.