BlackRock Science and Technology Trust II
NYSE: BSTZ · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-05
BlackRock Science and Technology Trust II (BSTZ) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $113.72M | $1.49B | $250.71M | $-1.33B | $-34.32M | $274.17M | $265.96M |
| Revenue growth (YoY) | — | +1207.5% | -83.1% | -632.2% | +97.4% | +898.9% | -3.0% |
| Cost of revenue | $9.99M | $26.01M | $41.18M | $25.92M | $20.44M | $3501.00 | $20.58M |
| Gross profit | $113.72M | $1.49B | $250.71M | $-1.33B | $-54.76M | $274.17M | $245.38M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 159.6% | 100.0% | 92.3% |
| R&D | $5.00 | $20.00 | $0.00 | $11.00 | $8.00 | — | — |
| SG&A | $477063.00 | $1.50M | $1.83M | $1.43M | $867375.00 | $748905.00 | $1.12M |
| Operating income | $113.23M | $1.49B | $248.55M | $-1.34B | $279.96M | $272.28M | $314.79M |
| Operating margin | 99.6% | 99.9% | 99.1% | 100.1% | -815.8% | 99.3% | 118.4% |
| EBITDA | $113.23M | $1.49B | $248.55M | $-1.34B | $290.17M | $272.32M | $314.36M |
| EBITDA margin | 99.6% | 99.9% | 99.1% | 100.1% | -845.5% | 99.3% | 118.2% |
| EBIT | $113.23M | $1.49B | $248.55M | $-1.34B | $290.17M | — | — |
| Interest expense | $0.00 | $0.00 | $0.00 | — | $14556.00 | $3501.00 | $546.00 |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $113.23M | $1.49B | $248.55M | $-1.34B | $290.15M | $272.28M | $314.36M |
| Net income growth (YoY) | — | +1211.5% | -83.3% | -637.5% | +121.7% | -6.2% | +15.5% |
| Profit margin | 99.6% | 99.9% | 99.1% | 100.1% | -845.4% | 99.3% | 118.2% |
Frequently asked questions
How profitable is BSTZ?
In its most recent fiscal year, BSTZ ran a gross margin of 92.26%, an operating margin of 118.36%, and a net margin of 118.20%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does BSTZ generate?
BSTZ produced $-47.75M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is BSTZ's balance sheet healthy?
BSTZ holds $722165.00 in cash and equivalents against — in long-term debt, on $1.72B of shareholder equity. That debt is best read against the cash flow the business throws off each year.