TCPCBlackRock TCP Capital Corp.

$323M

Q4 2025 Earnings

Financial Services Asset Management

Income Statement

Revenue

$27M+258.9% YoY

Gross Profit

$24M87.6% margin

Operating Income

$21M77.0% margin

Net Income

$80M296.6% margin

EPS (Diluted)

$-1.40

QoQ Revenue Growth

-35.5%

Cash Flow

Operating Cash Flow

$41M

Free Cash Flow

$41M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.1B

Stockholders' Equity

$598M

Cash & Equivalents

$61M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$27M	-$17M	+258.9%
Gross Profit	$24M	-$33M	+171.2%
Operating Income	$21M	-$38M	+154.9%
Net Income	$80M	-$39M	+308.7%

TCPC Q4 2025 Earnings — BlackRock TCP Capital Corp. Revenue & Financial Results | Market Cap Arena