Stock Ratings / Financials / TCPC / earnings

CION (48) SDHY (44) FINS (45) RFMZ (48) ⌘ Pro Terminal →

BlackRock TCP Capital Corp. (TCPC) Next Earnings Date & Expected ±5.8% Move

$4.18 -0.95% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $4.16

BlackRock TCP Capital Corp. (TCPC) carries a Roarable Rating of D (Sell) with 45/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (45/100 · D) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D • SELL / AVOID Cap $350.7M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on TCPC Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is TCPC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, BlackRock TCP Capital Corp. (NASDAQ: TCPC) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 45/100 at a spot price of $4.18 (-0.95% 1D, market cap $350.7M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 10/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 5/20. Across 1096 tracked Financials issuers, TCPC ranks #796 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does TCPC compare to CION and SDHY in the Financials sector?

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Within the Financials sector (Finance/Investors Services), TCPC carries a Roarable D (45/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -14.9%. By comparison, CION (CION Investment Corporation) holds a D grade (48/100 RQD, P/E N/A, ROIC -2.9%, cap $343.9M) and SDHY (PGIM Short Duration High Yield Opportunities Fund) posts a D grade (44/100 RQD, P/E N/A, ROIC —, cap $376.5M). Among the 5-stock peer group, TCPC leads on earnings multiple (N/A) while CION leads on capital efficiency (-2.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for TCPC?

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Per TCPC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001370755), BlackRock TCP Capital Corp. generated $0 in revenue, -$88.9M in net income, and $154.9M in free cash flow against $1.65B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $4.16 (-0.36%)🧬 Disciplined Float (+0.72% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 3.9% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (45/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-6.3% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-5.7% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TCPC)Realized 20D OHLCV Swing Band: ±5.8%

Deterministic 5-Pillar Attribution (45/100 Composite)

🔍 WHY TCPC SCORES 45/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+11/20 pts (24% of score)

FRED Regime × Technicals: 35% of 52W Range • RSI-14 at 56 (BULLISH MOMENTUM)

▲ #2 Bullish Driver: Whale & Options Positioning+10/20 pts (22% of score)

20D Institutional Volume Accumulation (±5.8% realized swing band)

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution5/20 pts (-15 pt drag)

Disciplined Float (+0.72% YoY Shares) & executive Form 4 sales trim 15 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$3.98+2.8% Next Q

Q2 (-2Q)

Grade D$4.09+1% Next Q

Q3 (-1Q)

Grade D$4.13+1.2% Next Q

Current

Grade D$4.18-6.3% Hist 90D α

Trajectory: E (37) → D (45)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a TCPC Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While TCPC currently carries a cautious 45/100 (D) rating due to Insider Conviction & Share Dilution (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($4.06) and Max Pain ($4.39) forces dealer call-delta covering toward $6.56.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.72% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $TCPC• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “TCPC Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 45%NO 55%Trade / Inspect Odds →

NEXT EST. WINDOW: Dec 30, 2026 (~57 DAYS)

Historical OHLCV Volatility ±5.8% Swing Band

±$0.24 Expected Swing

MODEL EARNINGS SETUP GAUGE

TCPC Quantitative Pre-Earnings Setup: 45/100

Trailing EPS: $4.25 • YoY Revenue Growth: 12.4%

Model Bullish Setup (45/100)Model Risk Weight (55/100)

Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).

LOG YOUR PERSONAL PRE-EARNINGS STANCE (SAVED LOCALLY IN BROWSER):

Recent SEC Reported Revenue, Net Profit & Diluted EPS Cadence

Period	Filed	Revenue	Net Profit	Free Cash Flow	Gross Margin
FY 2025	2025-12-31	$0	-$88.9M	$154.9M	52%
FY 2024	2024-12-31	$0	-$63.1M	$293.1M	52%
FY 2023	2023-12-31	$0	$38.5M	$92.5M	52%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring TCPC)

✓Walkthrough of TCPC's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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TCPC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -4.78%⚡ TESTING RESISTANCE

2026-11-03O $4.22H $4.22L $4.18C $4.18VOL 572.9K

RES: $4.23SUP: $3.96SMA50: $4.06SMA200: $4.00

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

TCPC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 TCPC Butterfly Map → + Track TCPC →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on TCPC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for TCPC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for TCPC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (TCPC)

Financials Rank #796 of 1096 ⚔️ CION vs TCPC Full Matrix →

1. Head-to-Head Financials Peer Comparison (TCPC vs. CION, SDHY, FINS, RFMZ)

Industry: Finance/Investors Services (37 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, BlackRock TCP Capital Corp. (TCPC) ranks #796 by composite RQD confidence (45/100, grade D) and #778 by equity capitalization ($350.7M). Within this direct 5-issuer industry benchmark cohort, TCPC leads on earnings valuation at N/A trailing P/E, while CION leads on capital efficiency and profitability with -2.9% ROIC and — gross margin. CION currently holds the highest overall quantitative score in the immediate peer group at 48/100 (D) compared with TCPC at 45/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
TCPC ACTIVE BlackRock TCP Capital Corp.	D	45/100	—	—	-14.9%	-0.95%	$350.7M	Benchmark Subject
CION CION Investment Corporation	D	48/100	—	—	-2.9%	-1.69%	$343.9M	/cion-vs-tcpc →
SDHY PGIM Short Duration High Yield Opportunities Fund	D	44/100	—	—	—	-0.84%	$376.5M	/sdhy-vs-tcpc →
FINS Angel Oak Financial Strategies Income Term Trust of	D	45/100	—	—	—	-0.42%	$297.7M	/fins-vs-tcpc →
RFMZ RiverNorth Flexible Municipal Income Fund II Inc.	D	48/100	—	—	—	0.00%	$295.4M	/rfmz-vs-tcpc →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001370755

In its most recent audited fiscal period (FY2025, filed 2025-12-31), BlackRock TCP Capital Corp. (TCPC) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of -$88.9M, operating cash flow of $154.9M, and free cash flow of $154.9M (-47.1% YoY). On the balance sheet, TCPC closed FY2025 with $1.65B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	-$88.9M	$154.9M	$154.9M	$1.65B	—
FY2024 (FY)	2024-12-31	$0	-$63.1M	$293.1M	$293.1M	$1.92B	—
FY2023 (FY)	2023-12-31	$0	$38.5M	$92.5M	$92.5M	—	—

3. TCPC Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is TCPC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does TCPC compare to CION and SDHY in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for TCPC?

Where is TCPC trading relative to its 50-day, 200-day, and 52-week technical levels?

TCPC last traded at $4.18 (-0.95% on volume of 572,872 shares), positioning the stock +2.96% above its 50-day simple moving average ($4.06) and +4.50% above its 200-day simple moving average ($4.00). Across its 52-week range of $3.08 to $6.25, TCPC sits at the 34.7% percentile with a 14-day RSI of 56.0 (BULLISH MOMENTUM) and an implied next-earnings move of ±5.8% ($3.94 to $4.42).

TCPC Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

When is TCPC's next earnings date?

Based on SEC filing cadence, BlackRock TCP Capital Corp. (TCPC)'s next quarterly reporting window is estimated around Dec 30, 2026.

How much is TCPC stock expected to move on earnings?

Volatility modeling currently projects a ±5.8% event move for TCPC, spanning a range between $3.94 and $4.42.

Direct Sub-Reports: TCPC RQD Cockpit TCPC 12M Forecast TCPC Earnings & Move TCPC Dividends & DRIP TCPC Insiders & 13F TCPC Whale Options TCPC Profit Sankey TCPC News & Why

ROARABLE RATING BRIEF • RQD 45/100 (D) ✓ STAGE-C NUMBER FIREWALL VERIFIED

TCPC — BlackRock TCP Capital Corp.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:37:54Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, TCPC scores 45 out of 100, earning a D grade and the verdict "Roarable Sell — Underperform / Distribution Warning." The fundamental cash engine pillar scores 9 of 20 (ROIC -14.9%; FCF yield 0%), indicating the business is not currently generating returns on invested capital and offers no free-cash-flow yield at the reference price. The whale 13F flow pillar scores 10 of 20 for institutional accumulation and options positioning, a weak but not absent reading. The insider conviction pillar scores 5 of 20 across SEC Form 4 and Congressional PTR cluster flow, the lowest pillar and a notable warning sign for a prospective investor. The macro regime fit pillar scores 11 of 20 with a beta of 1.0 and sector sensitivity considered. The forensic balance sheet pillar scores 10 of 20, reflecting an Altman Z of 2.5, a Piotroski F of 3/9, and a debt-to-equity ratio of 0.5. Taken together, the upside case rests on any recovery in returns and cash generation, while the valuation tradeoff is that the stock trades at $4.22 without reported earnings-based multiples in the source data. A prospective investor should weigh the weak cash-engine and insider pillars against the moderate balance-sheet and flow readings when evaluating the stock today.

Business

Per the profile, BlackRock TCP Capital Corp. (TCPC) is a NASDAQ-listed issuer in the Financials sector, operating within the Finance/Investors Services industry. The source data does not describe its products, customers, or revenue model. Its market capitalization is $0.4B per the profile.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$0.0M	$0.0M	$-88.9M	N/A	$154.9M	$61.1M	N/A
FY 2024	$0.0M	$0.0M	$-63.1M	N/A	$293.1M	$91.6M	N/A
FY 2023	$0.0M	$0.0M	$38.5M	N/A	$92.5M	N/A	N/A

Per the SEC financials, net income moved from $38.5M in FY 2023 to $-63.1M in FY 2024 and $-88.9M in FY 2025, while reported FCF declined from $293.1M to $154.9M over the same span. Per the market data, the operating margin, gross margin, and net margin are each 0%, and ROIC is -14.9%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 3/9, and the Debt/Equity ratio is 0.5. Balance-sheet posture is reflected in the forensic pillar at 10 of 20.

Recent Catalysts & News Wire Analysis

Per the news feed, BlackRock TCP Capital Corp. is scheduled to report third-quarter results for the period ended September 30, 2026 on November 5, 2026.
Per the news feed, a Seeking Alpha report is headlined "BlackRock TCP Capital: The Asset Sales Are Just Getting Started."
Per the news feed, a TradingView report is headlined "Boaz Weinstein Takes Activist Stake at BlackRock TCP Capital with 5.11% Stake."
Per the news feed, a Pluang report is headlined "BlackRock TCP Capital remains a sell amid struc..." (truncated in source).
Per the news feed, all six items carry a YELLOW light and a MARKET WIRE impact label.
Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

Butterfly Effect: 2nd-Order Supply-Chain & Sector Ripples

Per the Butterfly Supply-Chain Graph, no upstream or downstream dependencies are mapped, and no sector correlations or proprietary signals are provided. The graph lists the sector as Financials and the industry as Finance/Investors Services, but reports no supply-chain links. A prospective investor should therefore treat second-order ripple effects as unmapped in the source data. The asset-sale and activist-stake headlines in the news feed are the only indicators of possible 2nd-order events, and their implications are not quantified in the sources.

Open Questions

What is the company's revenue, and why are reported revenue figures $0.0M in every period?
What drove the net loss in FY 2025 and FY 2024, and what is the composition of the reported FCF?
What assets are being sold, and how does the asset-sale activity relate to the reported debt and cash positions?
What is the scale and terms of the activist stake referenced in the news feed?
What will the November 5, 2026 third-quarter report show regarding earnings and returns?

TCPC Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for BlackRock TCP Capital Corp. (TCPC) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to TCPC Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 15h ago

BlackRock TCP Capital Corp. to Report Third Quarter ended September 30, 2026 Financial Results on November 5, 2026

Yahoo Finance report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 18h ago

BlackRock TCP Capital: The Asset Sales Are Just Getting Started

Seeking Alpha report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stocktwits • 21h ago

TCPC: TCP Capital Corp. Latest Stock Price, Analysis, News and Trading Ideas

Stocktwits report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

BlackRock TCP Capital Corp. Estimates – NASDAQ:TCPC

TradingView report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Boaz Weinstein Takes Activist Stake at BlackRock TCP Capital with 5.11% Stake

TradingView report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Pluang • 1d ago

BlackRock TCP Capital remains a sell amid struc...

Pluang report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE https://www.siam.in/ • 1d ago

BlackRock TCP Capital Corp (TCPC) Slips 0.50% to $4.01, Holding Above Key Support - Common Gap

https://www.siam.in/ report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE SeekingAlpha • 9d ago

Why I'm Capping My BDC Exposure At 15%

BDCs trade at a steep discount, but the risks the bears talk about most may not be the ones that matter. Click here to read the full analysis.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

TCPC Bull vs. Bear Conversation Board — What's Your Call at $4.18?

🐂 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON TCPC 🐻 67% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $3.71 (-12.1%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is TCPC (D • RQD 45/100) a Buy at $4.22?

Welcome to the TCPC (BlackRock TCP Capital Corp.) Roar Pit. Current RQD Composite is 45/100 (Roarable Sell — Underperform / Distribution Warning) in Finance/Investors Services. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

SH ShortSeller_Dan Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $3.33 (-21.1%)

Spot @ $4.22

Pump the brakes on TCPC — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on TCPC, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless BlackRock TCP Capital Corp. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

MA MacroHawk_NYC Verified K Arena Trader 🐂 BULLISH 🎯 Target: $5.23 (+23.9%)

Spot @ $4.22

TCPC cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on TCPC, the market is fixating on short-term headline noise in Finance/Investors Services and ignoring the balance sheet and cash flow trajectory. At $4.22 (52-wk range $3.08 - $6.25), any beat on forward guidance forces shorts and underweight funds to chase.