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TCPC (BlackRock TCP Capital Corp.) Stock Financials & Earnings | Market Cap Arena
TCPC
BlackRock TCP Capital Corp.
Mkt Cap
$323M
Financial Services
·
Asset Management
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$111M
Net Income (TTM)
$110M
EPS (TTM)
-$1.05
Free Cash Flow (TTM)
$104M
Gross Margin
52.5%
Op. Margin
45.4%
Net Margin
99.1%
FCF Margin
93.8%
P/S Ratio (TTM)
2.9x
P/E Ratio (TTM)
2.9x
YoY Rev Growth
+433.5%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$50M
$50M
$37M
Q2 23
$54M
$54M
$40M
Q3 23
$54M
$54M
$40M
Q4 23
$51M
$51M
$37M
Q1 24
$21M
$9M
$5M
Q2 24
-$29M
-$49M
-$51M
Q3 24
$46M
$25M
$22M
Q4 24
-$17M
-$33M
-$38M
Q1 25
$39M
$24M
$21M
Q2 25
$3M
-$15M
-$16M
Q3 25
$42M
$25M
$24M
Q4 25
$27M
$24M
$21M
marketcaparena.com
Revenue Breakdown
TCPC
BlackRock TCP Capital Corp.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.7x
310.7x
Q2 23
1.6x
18.5x
Q3 23
1.6x
80.7x
Q4 23
1.5x
8.4x
Q1 24
1.8x
15.5x
Q2 24
3.3x
—
Q3 24
3.6x
—
Q4 24
15.6x
—
Q1 25
8.3x
—
Q2 25
4.6x
—
Q3 25
4.9x
—
Q4 25
2.9x
2.9x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$40M
-$40M
Q2 23
$46M
$46M
Q3 23
$47M
$47M
Q4 23
$35M
$35M
Q1 24
$33M
$33M
Q2 24
$86M
$86M
Q3 24
$102M
$102M
Q4 24
$72M
$72M
Q1 25
$26M
$26M
Q2 25
$15M
$15M
Q3 25
$22M
$22M
Q4 25
$41M
$41M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$0
Q2 23
$0
Q3 23
$0
Q4 23
$0
Q1 24
$0
Q2 24
$0
Q3 24
$0
Q4 24
$0
Q1 25
$1
Q2 25
$5
Q3 25
$0
Q4 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+19.4%
+2.3%
Q2 23
+22.8%
+5.6%
Q3 23
+12.5%
+0.7%
Q4 23
+8.9%
+2.7%
Q1 24
-58.6%
+18.1%
Q2 24
-153.7%
+58.7%
Q3 24
-15.2%
+77.0%
Q4 24
-133.6%
+54.7%
Q1 25
+87.7%
+15.4%
Q2 25
+108.6%
-17.5%
Q3 25
-8.5%
-27.3%
Q4 25
+258.9%
-70.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$0
0.0%
Q2 24
$0
—
Q3 24
$0
0.0%
Q4 24
$0
—
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q1 23
$13M
$154K
Q2 23
$14M
$139K
Q3 23
$14M
$134K
Q4 23
$13M
$131K
Q1 24
$3M
—
Q2 24
$3M
—
Q3 24
$3M
—
Q4 24
$3M
—
Q1 25
$3M
—
Q2 25
$3M
—
Q3 25
$3M
—
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$99M
$0
$99M
Q2 23
$123M
$0
$123M
Q3 23
$92M
$0
$92M
Q4 23
$112M
$0
$112M
Q1 24
$121M
$0
$121M
Q2 24
$195M
$0
$195M
Q3 24
$104M
$0
$104M
Q4 24
$92M
$0
$92M
Q1 25
$99M
$0
$99M
Q2 25
$107M
$0
$107M
Q3 25
$61M
$0
$61M
Q4 25
$61M
$0
$61M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
58M
+0.0%
Q2 23
58M
+0.0%
Q3 23
58M
+0.0%
Q4 23
58M
+0.0%
Q1 24
62M
+7.4%
Q2 24
86M
+37.9%
Q3 24
86M
-0.0%
Q4 24
85M
-0.3%
Q1 25
85M
-0.3%
Q2 25
85M
-0.0%
Q3 25
85M
-0.0%
Q4 25
85M
-0.1%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$820K
80
FY 15
$2M
80
FY 16
$2M
80
FY 17
$2M
80
FY 18
$2M
80
FY 19
$2M
80
FY 20
$2M
80
FY 21
$2M
80
FY 22
$45M
4
FY 23
$11K
20K
FY 24
$984
21K
FY 25
$8K
25K
marketcaparena.com