BlackRock TCP Capital (TCPC) Financial Statements & Analysis

BlackRock TCP Capital (TCPC) Income Statement

BlackRock TCP Capital reported revenue of $201.79M in fiscal 2025 (fiscal year ended Dec 31, 2025). BlackRock TCP Capital posted a net loss of $88.93M, compared with a net loss of $63.14M a year earlier. Gross margin was 100.0% and operating margin 54.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $40.02M, up 1499.2% from the same quarter a year earlier.

BlackRock TCP Capital Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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BlackRock TCP Capital Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	201.79	-45.40	209.33	181.00	165.11	172.10	195.17	190.50	131.62
Cost of Revenue	16.84	66.16	0.00	0.00	0.00	0.00	0.00	0.00	27.87
Gross Profit	201.79	259.44	209.33	181.00	165.11	172.10	195.17	190.50	103.75
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	25.87	11.22	54.71	53.21	51.57	47.64	53.91	56.55	7.88
Operating Expenses	10.98	17.22	54.71	53.21	51.57	47.64	53.91	56.55	13.10
Operating Income	109.14	131.76	154.61	88.44	113.53	124.46	141.26	133.95	90.65
Other Income/Expense
Interest Income	194.02	251.41	194.64	164.87	149.81	150.35	178.08	175.03	162.16
Interest Expense	59.16	66.16	43.95	-38.53	35.71	-39.99	41.66	40.47	27.87
Other Income/Expense	-198.07	-194.90	-115.89	-97.66	20.26	-1.24	-110.68	-88.38	0.00
Income
Income Before Tax	-88.25	-62.61	38.72	-9.23	133.79	71.37	30.58	45.57	90.65
Income Tax Expense	0.68	0.52	0.25	0.00	0.00	0.00	0.00	0.09	0.04
Net Income	-88.93	-63.14	38.47	-9.23	133.79	71.37	30.58	45.48	90.61
Net Income - Continuous Operations	-88.93	-63.14	38.47	-9.23	133.79	71.37	30.58	45.48	90.61
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	109.14	131.76	154.61	88.44	0.00	0.00	0.00	142.95	90.65
EBIT	175.91	204.44	154.61	127.80	113.53	124.46	-	-	-
Depreciation & Amortization	0.00	0.00	0.00	70.17	-113.53	-124.46	-141.26	9.00	0.00
Earnings Per Share
Basic EPS	-1.00	-1.00	1.00	-	2.00	1.00	1.00	1.00	1.00
Diluted EPS	-1.00	-1.00	1.00	-	2.00	1.00	1.00	1.00	1.00
Basic Shares Outstanding	84.99	79.67	57.77	57.77	57.77	57.99	58.77	58.82	57.00
Diluted Shares Outstanding	84.99	79.67	57.77	57.77	57.77	57.99	58.77	58.82	57.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About BlackRock TCP Capital Financial Statements

What was BlackRock TCP Capital's revenue in fiscal 2025?

BlackRock TCP Capital reported revenue of $201.79M in fiscal 2025 (fiscal year ended Dec 31, 2025).

Is BlackRock TCP Capital profitable?

No. BlackRock TCP Capital reported a net loss of $88.93M in fiscal 2025. In fiscal 2024 it lost $63.14M.

What is BlackRock TCP Capital's operating margin?

BlackRock TCP Capital's operating income was $109.14M on revenue of $201.79M in fiscal 2025, an operating margin of 54.1%.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition