Symbols

TCPC

BlackRock TCP·NASDAQ

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TCPC fundamentals

TCPC Q4 2025 Earnings

BlackRock TCP (TCPC) released its earnings on Feb 27, 2026: revenue was 43.92M (YoY -28.30%), missed estimates; EPS was 0.25 (YoY -30.56%), missed estimates.

Revenue / YoY

43.92M

-28.30%

EPS / YoY

0.25

-30.56%

Report date

Feb 27, 2026

TCPC Earnings Call Summary for Q4,2025

Challenged Performance: 2025 adjusted NII down 20% to $1.22 per share; Q4 NAV declined 19% to $7.07 due to 6 underperforming investments.
Strategic Shifts: Increased first lien loans to 87.4% of portfolio; reduced new investment size to $5.8M to mitigate concentration risk.
Liquidity Management: Maintained $570M liquidity with 1.34x regulatory leverage post-Q4 paydowns.
Q&A Focus: No immediate strategic pivot; emphasizes first lien loans and BlackRock platform integration despite persistent credit challenges.

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Revenue & Expenses

Key Indicators

BlackRock TCP (TCPC) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

BlackRock TCP (TCPC)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

BlackRock TCP (TCPC)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Cash Flow

BlackRock TCP (TCPC)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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