TPVG

MKT CAP:$212M

TriplePoint Venture Growth BDC Corp.

Market Cap

$212M

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$5.39-$1.25 (-18.83%)

Apr 22, 2026

Company Details

TriplePoint 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 inc...

CEO

James Peter Labe

IPO Date

Mar 6, 2014

Website

www.tpvg.com

Key Metrics TTM

Revenue

$66M

+30.1% YoY

Net Income

$34M

EPS (Diluted)

$0.85

Free Cash Flow

$53M

Revenue / Share

$1.65

Gross Margin

66.4%

Operating Margin

51.1%

Net Margin

51.1%

FCF Margin

79.2%

P/S

3.2x

P/E

6.2x

Earnings Reports

Q4 2025

May 6, 2026

PENDING

Q3 2025

Nov 5, 2025

$22M-30.6%EPS $0.38

Q2 2025

Aug 6, 2025

$21M+7.1%EPS $0.33

Q1 2025

May 7, 2025

$21M+21.0%EPS $0.32

FY 2024

Mar 5, 2025

$71M+1092.4%EPS $0.82

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$20M	$16M	$14M
Q1 22	$12M	$8M	$6M
Q2 22	-$7M	-$12M	-$14M
Q3 22	$9M	$3M	$432.0K
Q4 22	-$2M	-$9M	-$12M
Q1 23	$18M	$10M	$8M
Q2 23	-$9M	-$18M	-$21M
Q3 23	$14M	$6M	$2M
Q4 23	-$18M	-$25M	-$29M
Q1 24	$17M	$11M	$8M
Q2 24	$19M	$12M	$9M
Q3 24	$32M	$26M	$23M
Q4 24	$3M	-$4M	-$7M
Q1 25	$21M	$16M	$13M
Q2 25	$21M	$15M	$13M
Q3 25	$22M	$17M	$15M

Valuation

Quarter	P/S	P/E
Q4 21	2.1x	2.8x
Q1 22	2.2x	3.0x
Q2 22	3.0x	4.8x
Q3 22	6.0x	38.0x
Q4 22	15.8x	—
Q1 23	10.9x	—
Q2 23	12.4x	—
Q3 23	9.6x	—
Q4 23	35.5x	—
Q1 24	42.5x	—
Q2 24	6.4x	—
Q3 24	4.1x	20.3x
Q4 24	3.0x	6.6x
Q1 25	2.8x	5.8x
Q2 25	2.8x	5.1x
Q3 25	3.2x	6.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$24M	$24M
Q1 22	-$2M	-$2M
Q2 22	-$77M	-$77M
Q3 22	-$84M	-$84M
Q4 22	$6M	$6M
Q1 23	-$33M	-$33M
Q2 23	$25M	$25M
Q3 23	$71M	$71M
Q4 23	$15M	$15M
Q1 24	$18M	$18M
Q2 24	$76M	$76M
Q3 24	$12M	$12M
Q4 24	$47M	$47M
Q1 25	-$5M	-$5M
Q2 25	$12M	$12M
Q3 25	-$846.0K	-$846.0K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+94.4%	+13.6%
Q1 22	-30.2%	+13.2%
Q2 22	-137.1%	+26.3%
Q3 22	-79.3%	+54.7%
Q4 22	-107.6%	+58.4%
Q1 23	+48.5%	+60.3%
Q2 23	-34.8%	+53.3%
Q3 23	+53.6%	+36.7%
Q4 23	-1041.2%	+9.2%
Q1 24	-5.4%	-12.0%
Q2 24	+313.4%	-9.7%
Q3 24	+125.2%	-22.6%
Q4 24	+114.4%	-13.3%
Q1 25	+21.0%	-11.2%
Q2 25	+7.1%	-30.0%
Q3 25	-30.6%	-25.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	—
Q3 22	$0	0.0%
Q4 22	$0	—
Q1 23	$0	0.0%
Q2 23	$0	—
Q3 23	$0	0.0%
Q4 23	$0	—
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q4 21	$2M
Q1 22	$2M
Q2 22	$2M
Q3 22	$2M
Q4 22	$2M
Q1 23	$1M
Q2 23	$2M
Q3 23	$3M
Q4 23	$3M
Q1 24	$2M
Q2 24	$2M
Q3 24	$2M
Q4 24	$2M
Q1 25	$2M
Q2 25	$2M
Q3 25	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$51M	$0	$51M
Q2 22	$43M	$0	$43M
Q3 22	$7M	$0	$7M
Q4 22	$51M	$0	$51M
Q1 23	$57M	$0	$57M
Q2 23	$78M	$0	$78M
Q3 23	$105M	$0	$105M
Q4 23	$153M	$0	$153M
Q1 24	$124.0K	$0	$124.0K
Q2 24	$50M	$0	$50M
Q3 24	$48M	$0	$48M
Q4 24	$46M	$0	$46M
Q1 25	$35M	$0	$35M
Q2 25	$62M	$0	$62M
Q3 25	$20M	$0	$20M
Q4 25	$20M	$0	$20M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	31M	+0.1%	+0.5%
Q1 22	31M	+0.1%	+0.4%
Q2 22	31M	+0.1%	+0.4%
Q3 22	33M	+7.5%	+7.8%
Q4 22	35M	+5.9%	+14.1%
Q1 23	35M	+0.0%	+14.0%
Q2 23	35M	+0.1%	+14.1%
Q3 23	36M	+0.6%	+6.7%
Q4 23	36M	+2.4%	+3.1%
Q1 24	38M	+3.3%	+6.5%
Q2 24	39M	+2.9%	+9.4%
Q3 24	40M	+3.2%	+12.2%
Q4 24	40M	+0.3%	+9.9%
Q1 25	40M	+0.2%	+6.6%
Q2 25	40M	+0.2%	+3.9%
Q3 25	40M	+0.2%	+0.9%

Shares Outstanding