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TriplePoint Venture Growth BDC Corp.(TPVG)Earnings, Financials & Key Ratios
TPVG•NYSE
$4.75
3.9× P/E·Price updated Jul 7, 2026
AboutTriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.Show more
- EBITDA$76M+136.3%
- Net Income$49M+53.6%
- EPS (Diluted)1.22+48.8%
- Gross Margin83.51%+30.6%
- EBITDA Margin77.9%+73.0%
- Operating Margin77.9%+73.0%
- Net Margin50.62%+12.4%
- ROE14.07%+51.9%
TPVG Price & Volume
TriplePoint Venture Growth BDC Corp. (TPVG) stock price & volume — 10-year historical chart
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Persistent Portfolio Volatility Challenges Dividend Sustainability Outlook
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Portfolio credit quality volatility
Key Thesis Takeaways
- TriplePoint Venture Growth faces significant structural headwinds as evidenced by a shrinking asset base, which declined from $978.8M in 2023Q4 to $807.1M in 2026Q1.
- The firm's reliance on non-cash interest recognition and volatile net income, which swung to a $48.4M loss in 2026Q1, suggests that current dividend distributions may be disconnected from actual cash-generating capacity.
- Investors should monitor the firm's ability to manage its 1.27x debt-to-equity ratio amidst ongoing erosion of retained earnings, which reached a $164.3M deficit.
Verdict Logic
the firm's inability to generate positive operating cash flow, which was negative $7.1M in 2026Q1, while maintaining dividend payments suggests a high risk of capital base erosion.
TPVG Growth Metrics
TriplePoint Venture Growth BDC Corp. (TPVG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years15.74%
5 Years11.07%
3 Years93.61%
TTM-
Profit CAGR
10 Years12.23%
5 Years6.86%
3 Years-
TTM-132.44%
EPS CAGR
10 Years1.71%
5 Years1.01%
3 Years-
TTM-45.16%
Return on Capital
10 Years5.6%
5 Years3.31%
3 Years3.04%
Last Year9.45%
TPVG Recent Earnings
TriplePoint Venture Growth BDC Corp. (TPVG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.23-8.0%
$0.25
Rev
$23M-1.6%
$23M
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$0.25-3.8%
$0.26
Rev
$23M-5.2%
$24M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.26-10.3%
$0.29
Rev
$22M-6.8%
$24M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.28-6.7%
$0.30
Rev
$23M-4.7%
$24M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.23vs $0.25-8.0% | $23Mvs $23M-1.6% |
| Q2 2026 | Mar 4, 2026 | $0.25vs $0.26-3.8% | $23Mvs $24M-5.2% |
| Q4 2025 | Nov 5, 2025 | $0.26vs $0.29-10.3% | $22Mvs $24M-6.8% |
| Q3 2025 | Aug 6, 2025 | $0.28vs $0.30-6.7% | $23Mvs $24M-4.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for TriplePoint Venture Growth BDC Corp. (TPVG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.75 | $192.85M | 3.89 | 36.55% | 50.62% | 14.07% | 21.57% | |
| $4.64 | $204.76M | 4.42 | 17.91% | 37.39% | 8.95% | — | |
| $15.99 | $2.99B | 8.64 | 26.97% | 50.05% | 13.18% | — | |
| $8.30 | $112.2M | 8.74 | 148.14% | 41.96% | 7.25% | — | |
| $23.51 | $1.46B | 12.37 | 50.13% | 50.89% | 11.68% | — | |
| $18.47 | $13.26B | 9.93 | 32.87% | 43.69% | 8.11% | — |
Compare TPVG vs Peers
TriplePoint Venture Growth BDC Corp. (TPVG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TPVG SEC Filings & Documents
TriplePoint Venture Growth BDC Corp. (TPVG) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TPVG Frequently Asked Questions
TriplePoint Venture Growth BDC Corp. (TPVG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is TriplePoint Venture Growth BDC Corp.'s revenue?
TriplePoint Venture Growth BDC Corp. (TPVG) reported $61.0M in revenue for fiscal year 2025.
How fast is TriplePoint Venture Growth BDC Corp. growing?
TriplePoint Venture Growth BDC Corp. (TPVG) grew revenue by 36.6% over the past year. This is strong growth.
Is TPVG profitable?
TriplePoint Venture Growth BDC Corp. (TPVG) reported a net loss of $11.9M for fiscal year 2025.
Dividend & Returns
Does TPVG pay dividends?
Yes, TriplePoint Venture Growth BDC Corp. (TPVG) pays a dividend with a yield of 21.57%. This makes it attractive for income-focused investors.
What is TPVG's return on equity?
TriplePoint Venture Growth BDC Corp. (TPVG) has a return on equity (ROE) of 14.1%. This is reasonable for most industries.
What is TriplePoint Venture Growth BDC Corp.'s free cash flow?
TriplePoint Venture Growth BDC Corp. (TPVG) had negative free cash flow of $59.2M in fiscal year 2025, likely due to heavy capital investments.