BLUE OWL CAPITAL INC. · Investment Advice

OWL

Moderate riskNext report: In 2 days (est.)

View price ↗

The short version

A profitable company with steady sales.

Going well

Raised its dividend (9.2% yield)
Profitable
Sales up 25% last year

Watch out for

Share count growing 15.2% a year (dilution)
2 offering filings in 6 months (may sell new shares)

Money moves

No insider buying or selling in the last 30 days
Institutions cut 6% from their holdings in the quarter ending June 2026 (352 bought, 247 sold)
Held by George Soros (Soros Fund)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$9.33-0.3% that day

Company value: $23.9B; Share price times all shares
Price vs profit (P/E): 77.8x; You pay about $78 for each $1 of yearly profit
Price vs sales: 41.8x; Company value is 41.8 times a year of sales
Dividend yield: 9.2%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 14%; Debt as a share of company value

From OWL's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$137.0M-0.7% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $572.3M, up 4.3% from the 12 months before. Over 5 years, sales grew about 63% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of OWL. Starting points are the company's recent numbers.

Sales growth+4% a yearRecently: +4.3% a yearProfit margin50%Last 12 months: 53.7%P/E at the end40xToday: 77.8x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$696M

Profit in 5 years$348M

Price these guesses point to$3.37-64% vs $9.33 todayAbout -18% a year, before dividends

What today's price needs: with a 50% margin and a 40x P/E, sales would have to grow about 27% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.14.1%
MissDebt under half of equityNot relying on borrowed money.1.51x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.6%
MissProfitable every yearSteady profits, not one good year.4 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.2B
MissShare count not growingNot diluting owners. Falling means buybacks.+52.7% in 3 years

Revenue: $2.9B; +25.0% vs prior year
5-year growth: +63.0%/yr; revenue, per year
Total debt: $3.3B; 1.51x equity
Free cash flow: $1.2B; 41.7% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Jul 30

Revenue: $137.0M; -0.7% YoY
EPS: $0.02; vs $0.02
Free cash flow: $452.9M
Share count: +4.9%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 2.0
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-6.0%

Institutions cut 6.0% from their holdings. 352 bought, 247 sold.

Shares held by institutions646.0M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+13.0%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.9x · $3.8B debt

Shares outstandingLatest reported

689M

Why moderate risk

Share count growing 13% a year (dilution)
2 offering filings in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportIn 2 days (est.)Estimated from the same quarter last year

Results filedJul 30
Results filedApr 30
Results filedFeb 5
Results filedOct 30, 2025
Results filedJul 31, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusAug 13 · View filing ↗Offering 5%+ holder update (passive)Aug 12 · View filing ↗Big holder Offering prospectusAug 11 · View filing ↗Offering 5%+ holder update (passive)Aug 6 · View filing ↗Big holder 5%+ holder update (passive)Jul 31 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Major agreementOct 15 · Form 8-K ↗

SoldMarc ZahrCo-President, Director

1 shares

-50% of holdings
Now owns 1 shares
Not a pre-planned sale
Derivatives Contract
Filed same day
Also: Other transfer

Sep 14Form 4 ↗

GiftMichael Douglass ReesCo-President, Director

300,000 shares

+3% of holdings
Now owns 10,909,723 shares
Held See Footnotes
Filed same day

Sep 11Form 4 ↗

GiftAlan KirshenbaumChief Financial Officer

10,000 shares

+57% of holdings
Now owns 27,696 shares
Held See Footnotes
Filed same day

Sep 11Form 4 ↗

Other transferDyal Capital SLP LP10% owner

350,000 shares

+0% of holdings
Now owns 131,414,357 shares
Held See Footnote
Filed same day

Sep 11Form 4 ↗

Other transferOwl Rock Capital Feeder LLC10% owner

1,010,000 shares

+1% of holdings
Now owns 169,874,846 shares
Held See Footnote
Filed same day
Joint filing with 1 other

Sep 11Form 4 ↗

GiftMarc S LipschultzCo-Chief Executive Officer, Director

1,000,000 shares

+2% of holdings
Now owns 56,695,038 shares
Held See Footnotes
Filed same day

Sep 11Form 4 ↗

Planned insider saleSep 1 · Form 144 ↗Planned insider saleSep 1 · Form 144 ↗Insider tradeSep 1 · Form 4 ↗Major agreementAug 18 · Form 8-K ↗Offering prospectusAug 13 · Form 424B5 ↗Other company newsAug 12 · Form 8-K ↗5%+ holder update (passive)Aug 12 · Form SCHEDULE 13G/A ↗Offering prospectusAug 11 · Form 424B5 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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