TriplePoint Venture Growth BDC (TPVG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TPVG SEC filings page.
TriplePoint Venture Growth BDC Corp. (TPVG) reported $77.3M in revenue over the twelve months to Sep 30, 2026, down 6.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Reported earnings can improve while cash movement reverses, making financing and transaction activity central to reading this investment vehicle.
Net income rose53.6% to$49.2M in FY2025 from FY2024. Yet operating cash flow reversed from$152.9M to-$57.0M , showing that reported profit and cash movement were shaped by different timing or transaction effects.
The balance sheet expanded in FY2025, with total assets increasing
Leverage remains a central feature rather than a one-year change: debt-to-equity moved from 1.1x in FY2021 to 1.3x in FY2025. Total liabilities were
Financial Health Signals
We do not publish a peer-relative financial health score for TriplePoint Venture Growth BDC Corp., because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
TriplePoint Venture Growth BDC Corp. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, TriplePoint Venture Growth BDC Corp. used $1.16 of operating cash (-$57.0M OCF vs $49.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
TriplePoint Venture Growth BDC Corp. generated $9.8M in revenue in Q3 2026. This represents a decrease of 10.9% from the same quarter a year earlier. Against the prior quarter it is down 55.6%.
TriplePoint Venture Growth BDC Corp. reported a net loss of $1.7M in Q3 2026. This represents a decrease of 111.3% from the same quarter a year earlier. Against the prior quarter it is down 116.1%.
TriplePoint Venture Growth BDC Corp. earned $0.16 per diluted share (EPS) in Q3 2026. This represents a decrease of 38.5% from the same quarter a year earlier. Against the prior quarter it is down 23.8%.
Not reported for Q3 2026.
Cash & Balance Sheet
TriplePoint Venture Growth BDC Corp. held $17.6M in cash against $395.7M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
TriplePoint Venture Growth BDC Corp.'s net profit margin was -17.4% in Q3 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 65.6 percentage points. No change is given against Q3 2025: its reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
TriplePoint Venture Growth BDC Corp.'s quarterly ROE was -0.5% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 4.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
TPVG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.8M-10.9% | $22.1M-4.9% | $22.8M+1.4% | $22.5M-12.5% | $11.0M-58.4% | $23.3M-14.1% | $22.5M-23.3% | $25.8M-21.9% |
| SG&A Expenses | $1.1M-11.0% | $1.0M-1.7% | $1.0M+0.9% | $2.5M+58.7% | $1.2M-24.7% | $1.0M-22.6% | $1.0M-44.7% | $1.6M-31.4% |
| Interest Expense | $7.9M+16.3% | $8.3M+23.1% | $7.9M+23.4% | $6.6M-12.4% | $6.8M-5.3% | $6.7M-22.6% | $6.4M-9.1% | $7.6M-8.7% |
| Net Income | -$1.7M-111.3% | $10.7M-19.0% | $6.2M-51.5% | $8.1Mn/m | $15.2M-32.7% | $13.2M+52.9% | $12.7M+59.0% | -$7.2Mn/m |
| EPS (Basic) | $0.16-38.5% | $0.21-25.0% | $0.23 | $0.25-21.9% | $0.26-25.7% | $0.28 | $0.27 | $0.32-33.3% |
| EPS (Diluted) | $0.16-38.5% | $0.21-25.0% | $0.23 | $0.25-21.9% | $0.26-25.7% | $0.28 | $0.27 | $0.32-33.3% |
| Diluted Shares (Avg) | 41M+1.0% | 41M+0.9% | 40M | N/A | 40M+0.9% | 40M | 40M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
TPVG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $749.6M-10.3% | $809.0M+2.6% | $807.1M+9.8% | $839.6M+10.0% | $835.5M+7.3% | $788.3M+2.2% | $734.8M-6.1% | $763.0M-22.0% |
| Cash & Equivalents | $17.6M-12.1% | $14.0M-77.6% | $8.6M-75.3% | $20.4M-55.6% | $20.0M-58.5% | $62.4M+23.7% | $34.7M+27861.3% | $45.9M-70.1% |
| Total Liabilities | $409.7M-14.7% | $456.2M+3.8% | $456.1M+17.6% | $486.0M+16.5% | $480.5M+16.0% | $439.6M+5.1% | $387.9M-12.1% | $417.4M-34.0% |
| Long-Term Debt | $395.7M-15.1% | $440.2M+4.7% | $441.9M+17.9% | $464.4M+17.6% | $466.1M+16.8% | $420.5M+4.9% | $374.9M-12.8% | $394.9M-34.7% |
| Total Equity | $339.9M-4.3% | $352.8M+1.2% | $351.0M+1.2% | $353.6M+2.3% | $355.1M-2.5% | $348.7M-1.2% | $347.0M+1.7% | $345.7M-0.2% |
| Retained Earnings | -$176.5Mn/m | -$163.0Mn/m | -$164.3Mn/m | -$161.2Mn/m | -$160.7Mn/m | -$166.7Mn/m | -$167.8Mn/m | -$168.4Mn/m |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
TPVG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
TPVG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -17.4% | 48.2%-8.4pp | 27.1%-29.5pp | 36.0%+63.9pp | 138.1% | 56.6%+24.8pp | 56.5%+29.3pp | -27.9%+59.4pp |
| Return on Equity | -0.5%-4.8pp | 3.0%-0.8pp | 1.8%-1.9pp | 2.3%+4.4pp | 4.3%-1.9pp | 3.8%+1.3pp | 3.7%+1.3pp | -2.1%+6.2pp |
| Return on Assets | -0.2%-2.1pp | 1.3%-0.3pp | 0.8%-1.0pp | 1.0%+1.9pp | 1.8%-1.1pp | 1.7%+0.5pp | 1.7%+0.7pp | -0.9%+2.0pp |
| Debt-to-Equity | 1.16-0.1x | 1.250.0x | 1.26+0.2x | 1.31+0.2x | 1.31+0.2x | 1.21+0.1x | 1.08-0.2x | 1.14-0.6x |
| Liabilities-to-Equity | 1.21-0.1x | 1.290.0x | 1.30+0.2x | 1.37+0.2x | 1.35+0.2x | 1.26+0.1x | 1.12-0.2x | 1.21-0.6x |
| Asset Turnover | 0.010.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.010.0x | 0.030.0x | 0.030.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TriplePoint Venture Growth BDC Corp. TPVG | FY2025 | $90.9M | $49.2M | 54.1% | $181.6M | — |
| WhiteHorse Finance, Inc. WHF | FY2025 | $72.7M | $14.3M | 19.7% | $177.0M | 48/100 |
| Stellus Capital Investment Corporation SCM | FY2025 | $97.8M | $27.0M | 27.7% | $205.6M | 61/100 |
| Pennant Investment Corp PNNT | FY2025 | $122.4M | $32.7M | 26.7% | $212.9M | 22/100 |
| Saratoga Investment Corp. SAR | FY2026 | $2.2M | $36.6M | N/A | $200.7M | 61/100 |
Where TriplePoint Venture Growth BDC Corp. Ranks
Frequently Asked Questions
TriplePoint Venture Growth BDC Corp. (TPVG) reported $90.9M in total revenue for fiscal year 2025. This represents a -16.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
TriplePoint Venture Growth BDC Corp. (TPVG) revenue declined by 16.3% year-over-year, from $108.6M to $90.9M in fiscal year 2025.
Yes, TriplePoint Venture Growth BDC Corp. (TPVG) reported a net income of $23.2M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $49.2M, with a net profit margin of 54.1%.
As of fiscal year 2025, TriplePoint Venture Growth BDC Corp. (TPVG) had $20.4M in cash and equivalents against $464.4M in long-term debt.
TriplePoint Venture Growth BDC Corp. (TPVG) had a net profit margin of 54.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
TriplePoint Venture Growth BDC Corp. (TPVG) has a return on equity of 13.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
TriplePoint Venture Growth BDC Corp. (TPVG) recorded an outflow of $57.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
TriplePoint Venture Growth BDC Corp. (TPVG) had $839.6M in total assets as of fiscal year 2025, including both current and long-term assets.
TriplePoint Venture Growth BDC Corp. (TPVG) had a debt-to-equity ratio of 1.31 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
TriplePoint Venture Growth BDC Corp. (TPVG) had a liabilities-to-equity ratio of 1.37 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
TriplePoint Venture Growth BDC Corp. (TPVG) had a return on assets of 5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
TriplePoint Venture Growth BDC Corp. (TPVG) trades at 7.8x earnings, its market capitalization divided by $23.2M net income, trailing 12 months to September 30, 2026. The market capitalization is $181.6M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
TriplePoint Venture Growth BDC Corp. (TPVG) trades at 2.3x sales, its market capitalization divided by $77.3M revenue, trailing 12 months to September 30, 2026. The market capitalization is $181.6M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
TriplePoint Venture Growth BDC Corp. (TPVG) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
For every $1 of reported earnings, TriplePoint Venture Growth BDC Corp. (TPVG) used $1.16 of operating cash (-$57.0M OCF vs $49.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.