TPVG
TriplePoint Venture Growth BDC Corp.6.12
-0.19-3.01%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
247.25MP/E (TTM)
7.37Basic EPS (TTM)
0.83Dividend Yield
0.18%Recent Filings
8-K
8-K
TPVG Q3 earnings surge
TriplePoint Venture Growth BDC Corp. reported third-quarter 2025 results, closing $181.8 million in new debt commitments and funding $88.2 million at 11.5% yield, boosting its debt portfolio to $736.9 million—a 11% quarterly jump. Net investment income hit $10.3 million ($0.26 per share), driving a $0.38 per share net asset increase to $8.79. The board declared a $0.23 regular plus $0.02 supplemental distribution. Portfolio credit quality held steady at 2.18 average ranking, yet lower yields from Prime rate drops tempered income.
10-Q
Q3 FY2025 results
TriplePoint Venture Growth BDC Corp. posted Q3 FY2025 net investment income of $10.3M, down 25% y/y from $13.8M, as interest income fell 20% y/y to $22.3M amid a smaller debt portfolio and Prime rate cuts, though PIK interest rose 14% y/y to $4.8M. Total investment income dipped 15% y/y to $22.7M, while expenses held steady at $12.3M after a full $2.1M incentive fee waiver; operating income climbed 32% y/y to $15.2M, boosted by $5.6M unrealized gains. YTD, revenue slid 18% y/y to $68.4M with NII off 23% y/y to $32.3M, yet net income edged up 5% y/y to $41.1M on $7.3M unrealized gains offsetting $32.7M realized losses. Debt portfolio fair value hit $664.9M (down 19% y/y), with $263.7M unfunded commitments; liquidity stood firm at $20.0M cash plus $205.0M revolver availability, total debt $470.0M (net leverage 132% of NAV). Non-GAAP metrics not disclosed in the 10-Q. Venture-backed borrowers face funding squeezes.
8-K
TPVG declares distributions
TriplePoint Venture Growth BDC Corp. declared a $0.23 per share regular quarterly distribution and a $0.02 per share supplemental one on October 14, 2025, both payable December 30 to record holders on December 16. The supplemental payout clears all remaining undistributed taxable income from 2024. This boosts shareholder returns while meeting regulatory needs. Q3 results drop November 5.
10-Q
Q2 FY2025 results
TriplePoint Venture Growth BDC Corp. posted solid Q2 FY2025 results, with net investment income dipping 10.5% y/y to $11.3M ($0.28/share) on a smaller debt portfolio, yet total investment income held at $23.3M thanks to steady PIK interest. The portfolio grew to $717.9M fair value, up 6.2% q/q, driven by $78.5M in new fundings while principal repayments hit $45.0M; unrealized gains flipped to $1.9M from a $4.0M loss last year. Debt outstanding climbed to $425.0M after issuing $50.0M 2028 Notes and repaying $70.0M 2025 Notes, with $250.0M revolver availability and $62.4M cash bolstering liquidity. Non-GAAP metrics not disclosed in the 10-Q. Non-accrual loans linger at 3.5% of debt, underscoring credit risks in venture lending.
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