NASDAQ$TCPC
BlackRock TCP Capital Corp · Q3 2025 earnings
Q3 2025 earnings · · Investor relations
Briefing
BlackRock TCP Capital reported Q3 2025 net investment income of $27.3M with net increase in net assets from operations of $24.4M and diluted EPS of $0.29.
The BDC generated $27.3 million of net investment income in the quarter. Net increase in net assets resulting from operations was $24.4 million, or $0.29 per diluted share, after realized and unrealized marks on the portfolio. Investment income declined year over year on a smaller book and lower base rates.
- Q3 net investment income $27.3M.
- Net increase in net assets from operations $24.4M; EPS $0.29.
- Portfolio marks and prepayment activity affected realized gains.
- Nine-month net investment income $87.1M.
Headline financials
Revenue & EPS history
BlackRock TCP · Revenue · Quarterly
-$69.8M
Forward guidance
The filing discusses BlackRock TCP Capital's outlook for upcoming periods, including capital allocation, operating priorities, and market risks disclosed in the quarterly report.
Tailwinds
- BlackRock TCP Capital cites operational execution and demand trends supporting the outlook.
- Balance sheet and capital actions aim to fund growth and shareholder returns.
- BDC structure targets dividend income from net investment income.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
- Credit marks and prepayments can swing quarterly NAV and EPS.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
+0.9%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+0.8%
Avg return
30 days after
63%
12 / 19 earnings
Positive
+11.7%
Q3 2024
Best reaction
-10.5%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -3.2% | -15.8% | |
| Q4 2025 | -9.3% | -8.4% | -23.7% | |
| Q3 2025 | +4.7% | +3.6% | +10.5% | |
| Q1 2025 | +7.4% | +15.3% | +18.3% | |
| Q4 2024 | -9.6% | -12.7% | -14.5% | |
| Q3 2024 | +11.7% | +11.9% | +20.4% | |
| Q2 2024 | -8.2% | -12.6% | -8.4% | |
| Q1 2024 | +2.1% | +3.7% | +9.9% | |
| Q4 2023 | -5.5% | -5.5% | -6.5% | |
| Q3 2023 | +6.6% | +5.7% | +12.9% | |
| Q2 2023 | +6.9% | +5.4% | +3.7% | |
| Q1 2023 | +5.6% | +6.4% | +9.5% | |
| Q4 2022 | -10.5% | -8.1% | -20.8% | |
| Q3 2022 | +10.7% | +12.7% | +10.2% | |
| Q2 2022 | +1.2% | +4.4% | +2.1% | |
| Q1 2022 | +0.7% | -0.5% | -1.3% | |
| Q4 2021 | +1.8% | +1.3% | +4.6% | |
| Q3 2021 | -0.5% | -0.1% | -5.3% | |
| Q4 2020 | +2.3% | +7.8% | +10.4% |
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