Blue Owl Technology Finance Corp 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the period endedJune30, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission File Number000-55977______________________________________________________________________________ BLUE OWL TECHNOLOGY FINANCE CORP. (Exact name of Registrant as specified in its Charter)______________________________________________________________________________ Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.YesxNoo Indicate by check mark whether the Registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).YesxNoo Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” inRule 12b-2 of the Exchange Act. Large accelerated fileroEmerging growth company☐Smaller reporting company☐Non-accelerated filerxAccelerated filero If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YESoNOxAs of August6, 2025, the registrant had467,141,783shares of common stock, $0.01 par value per share, outstanding. Table of Contents Item 1.Financial Statements3Consolidated Statements of Assets and Liabilities as ofJune30, 2025 (Unaudited) and December 31, 20243Consolidated Statements of Operations for the Threeand SixMonths EndedJune 30, 2025 and 2024 (Unaudited)4Consolidated Schedules of Investments as ofJune 30, 2025(Unaudited) and December 31, 20246Consolidated Statements of Changes in Net Assets for theThree andSixMonths EndedJune 30, 2025 and 2024(Unaudited)46Consolidated Statements of Cash Flows for theSixMonths EndedJune 30, 2025 and 2024 (Unaudited)47Notes to Consolidated Financial Statements (Unaudited)49Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations87Item3.Quantitative and Qualitative Disclosures About Market Risk126Item 4.Controls and Procedures128 PART IIOTHER INFORMATION Item 1.Legal Proceedings129Item 1A.Risk Factors129Item 2.Unregistered Sales of Equity Securities and Use of Proceeds129Item 3.Defaults Upon Senior Securities129Item 4.Mine Safety Disclosures129Item 5.Other Information130Item 6.Exhibits130Signatures131 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known andunknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are nothistorical facts, but rather are based on current expectations, estimates and projections about Blue Owl Technology Finance Corp. (the“Company,” “we” or “our”), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions.Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,”“should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identifyforward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors,some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed orforecasted in the forward-looking statements, including without limitation: •an economic downturn could impair our portfolio companies’ ability to continue to operate, which could lead to the loss ofsome or all of our investments in such portfolio companies;•an economic downturn could disproportionately impact the companies that we intend to target for investment, potentiallycausing us to experience a decrease in investment opportunities and diminished demand for capital from these companies;•the impact of elevated inflation rates, fluctuating interest rates, ongoing supply chain and labor market disru