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Side-by-side financial comparison of EQUUS TOTAL RETURN, INC. (EQS) and Blue Owl Technology Finance Corp. (OTF). Click either name above to swap in a different company.
Blue Owl Technology Finance Corp. is the larger business by last-quarter revenue ($720.0K vs $322.0K, roughly 2.2× EQUUS TOTAL RETURN, INC.). Blue Owl Technology Finance Corp. runs the higher net margin — 28585.7% vs -2989.8%, a 31575.4% gap on every dollar of revenue.
EQUUS TOTAL RETURN, INC. is a US-based publicly traded business development company. It offers debt and equity financing to lower middle-market enterprises across diverse sectors, supporting management buyouts, growth capital needs, and recapitalizations, targeting stable risk-adjusted returns for shareholders.
Blue Owl Technology Finance Corp is a specialized non-bank financial services provider that offers custom debt financing solutions primarily to venture-backed growth-stage technology companies. Its core offerings include venture debt, growth capital loans, and structured financing, serving clients across SaaS, fintech, healthcare technology and other high-growth sectors mainly in North America.
EQS vs OTF — Head-to-Head
Income Statement — Q3 2024 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $322.0K | $720.0K |
| Net Profit | $-9.6M | $205.8M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -2989.8% | 28585.7% |
| Revenue YoY | 906.3% | — |
| Net Profit YoY | -236.0% | 104.4% |
| EPS (diluted) | $-0.70 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $720.0K | ||
| Q3 25 | — | $432.0K | ||
| Q2 25 | — | $138.0K | ||
| Q1 25 | — | $55.0K | ||
| Q3 24 | $322.0K | — | ||
| Q2 24 | $319.0K | — | ||
| Q3 23 | $32.0K | — | ||
| Q2 23 | $8.0K | — |
| Q4 25 | — | $205.8M | ||
| Q3 25 | — | $234.9M | ||
| Q2 25 | — | $201.5M | ||
| Q1 25 | — | $78.1M | ||
| Q3 24 | $-9.6M | — | ||
| Q2 24 | $3.9M | — | ||
| Q3 23 | $7.1M | — | ||
| Q2 23 | $5.9M | — |
| Q4 25 | — | 28585.7% | ||
| Q3 25 | — | 54383.1% | ||
| Q2 25 | — | 146005.1% | ||
| Q1 25 | — | 142058.2% | ||
| Q3 24 | -2989.8% | — | ||
| Q2 24 | 1222.6% | — | ||
| Q3 23 | 22115.6% | — | ||
| Q2 23 | 74312.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $0.50 | ||
| Q2 25 | — | $0.43 | ||
| Q1 25 | — | $0.33 | ||
| Q3 24 | $-0.70 | — | ||
| Q2 24 | $0.29 | — | ||
| Q3 23 | $0.52 | — | ||
| Q2 23 | $0.44 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1M | — |
| Total DebtLower is stronger | — | $6.3B |
| Stockholders' EquityBook value | $40.2M | $8.0B |
| Total Assets | $95.5M | $14.7B |
| Debt / EquityLower = less leverage | — | 0.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $1.9M | — | ||
| Q3 23 | $31.7M | — | ||
| Q2 23 | $29.4M | — |
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | $8.0B | ||
| Q3 25 | — | $8.1B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $7.9B | ||
| Q3 24 | $40.2M | — | ||
| Q2 24 | $49.8M | — | ||
| Q3 23 | $47.1M | — | ||
| Q2 23 | $40.1M | — |
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $13.4B | ||
| Q2 25 | — | $13.0B | ||
| Q1 25 | — | $13.2B | ||
| Q3 24 | $95.5M | — | ||
| Q2 24 | $103.8M | — | ||
| Q3 23 | $65.5M | — | ||
| Q2 23 | $53.1M | — |
| Q4 25 | — | 0.78× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.8M | $-1.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -5.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $158.7M | ||
| Q2 25 | — | $-410.2M | ||
| Q1 25 | — | $542.2M | ||
| Q3 24 | $-1.8M | — | ||
| Q2 24 | $-2.1M | — | ||
| Q3 23 | $-7.7M | — | ||
| Q2 23 | $-4.3M | — |
| Q4 25 | — | -5.86× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | 6.94× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.55× | — | ||
| Q3 23 | -1.09× | — | ||
| Q2 23 | -0.72× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
