Financial health
- Total debt ($464M) exceeds cash ($20M); net debt is $444M.
TPVG Financials TriplePoint Venture Growth BDC Corp.
5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $49M | — | — | 13.9% | 5.9% | — | $464M | $20M |
| 2024 | — | $32M | — | — | 9.3% | 4.2% | — | $395M | $46M |
| 2023 | — | -$40M | — | — | -11.5% | -4.1% | — | $605M | $153M |
| 2022 | — | -$20M | — | — | -4.8% | -2.0% | — | $563M | $51M |
| 2021 | — | $77M | — | — | 17.6% | 8.3% | — | $465M | $51M |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $11M | — | — | 3.0% | 1.3% | — | $440M | $14M |
| Mar '26 | — | $6M | — | — | 1.8% | 0.8% | — | $442M | $9M |
| Dec '25 | — | $8M | — | — | 2.3% | 1.0% | — | $464M | $20M |
| Sep '25 | — | $15M | — | — | 4.3% | 1.8% | — | $466M | $20M |
| Jun '25 | — | $13M | — | — | 3.8% | 1.7% | — | $420M | $62M |
| Mar '25 | — | $13M | — | — | 3.7% | 1.7% | — | $375M | $35M |
| Dec '24 | — | -$7M | — | — | -2.1% | -0.9% | — | $395M | $46M |
| Sep '24 | — | $23M | — | — | 6.2% | 2.9% | — | $399M | $48M |
| Jun '24 | — | $9M | — | — | 2.4% | 1.1% | — | $401M | $50M |
| Mar '24 | — | $8M | — | — | 2.3% | 1.0% | — | $430M | $124000 |
| Dec '23 | — | -$29M | — | — | -8.3% | -2.9% | — | $605M | $153M |
| Sep '23 | — | $2M | — | — | 0.6% | 0.2% | — | $600M | $105M |
| Jun '23 | — | -$21M | — | — | -5.5% | -2.0% | — | $629M | $78M |
| Mar '23 | — | $8M | — | — | 1.9% | 0.7% | — | $608M | $57M |
| Dec '22 | — | -$12M | — | — | -2.8% | -1.2% | — | $563M | $51M |
| Sep '22 | — | $432000 | — | — | 0.1% | 0.0% | — | $508M | $7M |
| Jun '22 | — | -$14M | — | — | -3.6% | — | — | — | $43M |
Valuation over time
How the market has priced TPVG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 9.4× (Dec '24) to 4.4× (Sep '26).
P/E
Frequently asked questions
Is TPVG growing its revenue and profit?
See the revenue and net-income charts above for TriplePoint Venture Growth BDC Corp.'s multi-year trend.
How much debt does TPVG have?
As of FY2025, TriplePoint Venture Growth BDC Corp. reported $464M of total debt against $20M of cash.
What is TPVG's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is TPVG's P/E ratio?
As of Sep '26, TriplePoint Venture Growth BDC Corp. traded at a price-to-earnings ratio of about 4.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.