BlackRock Direct Lending Corp.
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Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | $5.1M | $10.8M | $20.5M | $4.9M |
| Total assets | $262.1M | $261.4M | $261.5M | $218.7M |
| Total liabilities | $1.2M | $2.1M | $22.5M | $43.5M |
| Equity | $260.9M | $259.3M | $239.0M | $175.1M |
| EPS (diluted) | $0.19 | $0.46 | $1.03 | $0.42 |
| Shares out. | 27.1M | 23.8M | 17.5M | 17.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- 2.0%
- Return on assets
- 2.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 0.4%
- Debt / equity
- 0.00×
- Book value / share
- $9.64
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −52.5%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −6.5%clean
- Piotroski F-Score
- 4/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 good- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Public Institution For Social SecurityActivist (13D)Jun 24, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 27, 2026
- Director / officer changeAug 1, 2025
- Director / officer changeJul 16, 2025
- Other material eventJul 1, 2025
- Shareholder voteMay 22, 2025
- Director / officer changeJan 27, 2025
- Other material eventDec 3, 2024
- Director / officer changeNov 19, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KMay 27, 2026
- IRANNOTICEMay 7, 2026
- 10-QMay 7, 2026
- ARSApr 10, 2026
- DEF 14AApr 9, 2026
- 10-KFeb 27, 2026
- IRANNOTICEFeb 27, 2026
- 40-17GJan 6, 2026
- 10-QNov 7, 2025
- 10-QAug 8, 2025
- 8-KBLACKROCK DIRECT LENDING CORP - 8-KAug 1, 2025
- 3Jul 31, 2025
- 8-KBLACKROCK DIRECT LENDING CORP - 8-KJul 16, 2025
- 8-KBLACKROCK DIRECT LENDING CORP - 8-KJul 1, 2025
- SCHEDULE 13D/AJun 24, 2025
Event-driven situations (1)
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