Triumph Financial, Inc. (TFIN) Balance Sheet
TFIN balance sheet, 2025
December 31, 2025 · U.S. dollars$6.38B assets = $5.44B liabilities + $941.8M equity
Both columns are drawn to the same scale: what TFIN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TFIN financial health
Descriptive bands, not a rating. Fiscal 2025.
TFIN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.64B2016 | $6.38B2025 | +10.3%/yr | |
| Total liabilities | $2.35B2016 | $5.44B2025 | +9.8%/yr | |
| Shareholders’ equity | $289.3M2016 | $941.8M2025 | +14.0%/yr | |
| Cash & short-term investments | $389.5M2016 | $612.7M2025 | +5.2%/yr | |
| Total debt | $322.0M2016 | $392.9M2025 | +2.2%/yr | |
| Net cash (debt) | $67.6M2016 | $219.9M2025 | +$152.3M | |
| Working capital | −$1.64B2016 | −$4.34B2025 | −$2.7B | |
| Book value per share | $16.032016 | $39.492025 | +10.5%/yr | |
| Debt / equity | 1.112016 | 0.422025 | −0.70 | |
| Shares outstanding | 18.1M2016 | 23.8M2025 | +3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TFIN assets
TFIN liabilities and equity
TFIN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TFIN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $612.7M | $416.9M | $586.3M | $662.7M | $565.6M | $538.7M | $446.7M | $571.4M | $384.7M | $389.5M |
| Cash & equivalents | $248.5M | $330.1M | $286.6M | $408.2M | $383.2M | $314.4M | $197.9M | $234.9M | $134.1M | $114.5M |
| Short-term investments | $364.3M | $86.8M | $299.6M | $254.5M | $182.4M | $224.3M | $248.8M | $336.4M | $250.6M | $275.0M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $1.3M | $2.9M | $2.5M | $3.5M | $2.2M | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $612.7M | $416.9M | $586.3M | $662.7M | $565.6M | $538.7M | $446.7M | $571.4M | $384.7M | $389.5M |
| Property, plant & equipment (net) | $91.1M | $160.7M | $113.5M | $103.3M | $105.7M | $103.4M | $96.6M | $83.4M | $62.9M | $45.5M |
| Goodwill & intangible assets | $403.2M | $296.2M | $279.7M | $265.8M | $276.9M | $189.9M | $190.3M | $199.4M | $63.8M | $46.5M |
| Long-term investments | $370.4M | $387.9M | $307.1M | $5.6M | $192.9M | $236.1M | $262.7M | $350.0M | $0 | $0 |
| Other non-current assets | $4.90B | $4.69B | $4.06B | $4.30B | $4.82B | $4.87B | $4.06B | $3.36B | $2.99B | $2.16B |
| Total assets | $6.38B | $5.95B | $5.35B | $5.33B | $5.96B | $5.94B | $5.06B | $4.56B | $3.50B | $2.64B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $4.17B | $4.65B | $4.72B | $3.79B | $3.45B | — | — |
| Short-term debt | — | — | $6.4M | $340,000 | $2.1M | $3.1M | $2.0M | $4.5M | $11.5M | $10.5M |
| Total current liabilities | $4.95B | $4.82B | $3.98B | $4.17B | $4.65B | $4.72B | $3.79B | $3.45B | $2.63B | $2.03B |
| Long-term debt | $392.9M | $142.0M | $405.4M | $149.0M | $354.7M | $424.4M | $556.9M | $418.0M | $0 | $0 |
| Other long-term liabilities | $95.7M | $95.2M | $100.0M | $124.2M | $93.9M | $64.9M | $74.9M | $50.3M | $474.5M | $325.4M |
| Total liabilities | $5.44B | $5.06B | $4.48B | $4.44B | $5.10B | $5.21B | $4.42B | $3.92B | $3.11B | $2.35B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $295,000 | $291,000 | $290,000 | $283,000 | $283,000 | $280,000 | $272,000 | $271,000 | $209,000 | $182,000 |
| Retained earnings (deficit) | $571.4M | $549.2M | $536.3M | $498.5M | $399.4M | $289.6M | $229.0M | $170.5M | $119.4M | $83.9M |
| Treasury stock | — | — | — | −$182.7M | — | — | — | — | — | — |
| Accumulated other comprehensive income | −$1.7M | −$3.1M | −$2.9M | −$6.9M | $8.0M | $5.8M | $1.1M | −$1.2M | −$596,000 | −$276,000 |
| Total shareholders' equity | $941.8M | $890.9M | $864.4M | $889.0M | $858.9M | $726.8M | $636.6M | $636.6M | $391.7M | $289.3M |
| Key figures | ||||||||||
| Total debt | $392.9M | $142.0M | $405.4M | $179.3M | $356.8M | $427.5M | $558.9M | $422.5M | $463.9M | $322.0M |
| Net cash (debt) | $219.9M | $274.9M | $180.9M | $483.4M | $208.8M | $111.2M | −$112.2M | $148.9M | −$79.2M | $67.6M |
| Working capital | −$4.34B | −$4.40B | −$3.39B | −$3.51B | −$4.08B | −$4.18B | −$3.35B | −$2.88B | −$2.25B | −$1.64B |
| Tangible book value | $538.6M | $594.7M | $584.7M | $623.2M | $582.0M | $536.9M | $446.3M | $437.2M | $327.9M | $242.8M |
| Book value per share | $39.49 | $37.47 | $37.25 | $35.52 | $34.01 | $29.52 | $24.43 | $24.98 | $19.58 | $16.03 |
| Shares outstanding | 23.8M | 23.8M | 23.2M | 25.0M | 25.3M | 24.6M | 26.1M | 25.5M | 20.0M | 18.1M |
| Current ratio | 0.12 | 0.09 | 0.15 | 0.16 | 0.12 | 0.11 | 0.12 | 0.17 | 0.15 | 0.19 |
| Quick ratio | 0.12 | 0.09 | 0.15 | 0.16 | 0.12 | 0.11 | 0.12 | 0.17 | 0.15 | 0.19 |
| Debt / equity | 0.42 | 0.16 | 0.47 | 0.20 | 0.42 | 0.59 | 0.88 | 0.66 | 1.18 | 1.11 |
| Equity / assets | 14.8% | 15.0% | 16.2% | 16.7% | 14.4% | 12.2% | 12.6% | 14.0% | 11.2% | 11.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $342.2M | $403.9M | $612.7M | $244.8M | $384.5M | $608.2M | $416.9M | $892.5M | $840.3M | $737.1M | $586.3M | $629.9M |
| Cash & equivalents | $74.0M | $64.4M | $248.5M | $147.2M | $282.3M | $502.9M | $330.1M | $489.3M | $500.7M | $417.0M | $286.6M | $337.6M |
| Short-term investments | $268.1M | $339.6M | $364.3M | $97.6M | $102.1M | $105.2M | $86.8M | $403.2M | $339.7M | $320.1M | $299.6M | $292.3M |
| Receivables | $0 | $38.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $342.2M | $403.9M | $612.7M | $244.8M | $384.5M | $608.2M | $416.9M | $892.5M | $840.3M | $737.1M | $586.3M | $629.9M |
| Property, plant & equipment (net) | $86.0M | $89.5M | $91.1M | $141.1M | $149.1M | $150.2M | $160.7M | $156.5M | $159.6M | $162.5M | $113.5M | $113.1M |
| Goodwill & intangible assets | $398.2M | $400.7M | $403.2M | $451.1M | $452.2M | $296.8M | $296.2M | $285.5M | $285.2M | $284.0M | $279.7M | $260.1M |
| Long-term investments | $273.6M | $345.2M | $370.4M | $384.4M | $398.6M | $418.2M | $387.9M | $409.9M | $346.9M | $327.6M | $307.1M | $299.9M |
| Other non-current assets | $6.30B | $5.64B | $4.90B | $5.14B | $5.11B | $4.80B | $4.69B | $4.12B | $4.15B | $4.06B | $4.06B | $4.30B |
| Total assets | $7.40B | $6.88B | $6.38B | $6.36B | $6.49B | $6.27B | $5.95B | $5.87B | $5.78B | $5.58B | $5.35B | $5.60B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $4.49B |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | $6.4M | — |
| Total current liabilities | — | — | $4.95B | $4.96B | $5.19B | $4.98B | $4.82B | $4.71B | $4.39B | $4.45B | $3.98B | $4.49B |
| Long-term debt | $113.3M | $143.1M | $392.9M | $392.7M | $292.4M | $317.2M | $142.0M | $181.3M | $431.0M | $180.7M | $405.4M | $180.0M |
| Other long-term liabilities | $6.33B | $5.78B | $95.7M | $89.9M | $103.8M | $80.5M | $95.2M | $92.3M | $86.1M | $71.5M | $100.0M | $82.3M |
| Total liabilities | $6.44B | $5.93B | $5.44B | $5.44B | $5.58B | $5.37B | $5.06B | $4.98B | $4.91B | $4.70B | $4.48B | $4.75B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $297,000 | $296,000 | $295,000 | $295,000 | $295,000 | $292,000 | $291,000 | $291,000 | $291,000 | $290,000 | $290,000 | $290,000 |
| Retained earnings (deficit) | $587.5M | $576.9M | $571.4M | $553.0M | $552.0M | $548.4M | $549.2M | $546.2M | $541.6M | $539.7M | $536.3M | $527.5M |
| Accumulated other comprehensive income | −$2.6M | −$2.6M | −$1.7M | −$1.9M | −$2.6M | −$3.4M | −$3.1M | −$1.8M | −$3.4M | −$3.1M | −$2.9M | −$4.6M |
| Total shareholders' equity | $963.3M | $950.7M | $941.8M | $919.3M | $912.4M | $893.9M | $890.9M | $885.8M | $874.2M | $872.3M | $864.4M | $850.4M |
| Key figures | ||||||||||||
| Total debt | $113.3M | $143.1M | $392.9M | $392.7M | $292.4M | $317.2M | $142.0M | $181.3M | $431.0M | $180.7M | $405.4M | $180.0M |
| Net cash (debt) | $228.9M | $260.9M | $219.9M | −$147.9M | $92.0M | $290.9M | $274.9M | $711.2M | $409.3M | $556.4M | $180.9M | $449.9M |
| Working capital | — | — | −$4.34B | −$4.71B | −$4.80B | −$4.37B | −$4.40B | −$3.81B | −$3.55B | −$3.71B | −$3.39B | −$3.86B |
| Tangible book value | $565.0M | $550.0M | $538.6M | $468.2M | $460.2M | $597.1M | $594.7M | $600.3M | $589.0M | $588.4M | $584.7M | $590.3M |
| Book value per share | $39.89 | $39.55 | $39.30 | $38.43 | $38.38 | $38.26 | $37.47 | $37.33 | $36.94 | $36.88 | $37.30 | $36.25 |
| Shares outstanding | 24.1M | 24.0M | 24.0M | 23.9M | 23.8M | 23.4M | 23.8M | 23.7M | 23.7M | 23.7M | 23.2M | 23.5M |
| Current ratio | — | — | 0.12 | 0.05 | 0.07 | 0.12 | 0.09 | 0.19 | 0.19 | 0.17 | 0.15 | 0.14 |
| Quick ratio | — | — | 0.12 | 0.05 | 0.07 | 0.12 | 0.09 | 0.19 | 0.19 | 0.17 | 0.15 | 0.14 |
| Debt / equity | 0.12 | 0.15 | 0.42 | 0.43 | 0.32 | 0.35 | 0.16 | 0.20 | 0.49 | 0.21 | 0.47 | 0.21 |
| Equity / assets | 13.0% | 13.8% | 14.8% | 14.5% | 14.0% | 14.3% | 15.0% | 15.1% | 15.1% | 15.6% | 16.2% | 15.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.
TFIN financial position
At the end of fiscal 2025 (December 31, 2025), Triumph Financial had total assets of $6.4 billion (up 7.3% from a year earlier), total liabilities of $5.4 billion and shareholders' equity of $941.8 million. It held $612.7 million in cash and short-term investments against $392.9 million of debt, a net cash position of $219.9 million. Its current ratio was 0.12. In the latest quarter (ended June 30, 2026) total assets were $7.4 billion and equity $963.3 million.
Related: TFIN income statement, TFIN cash flow statement, TFIN key metrics. See the TFIN stock overview for the latest quote and news.
TFIN balance sheet FAQ
What are Triumph Financial's total assets?
Triumph Financial reported total assets of $6.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.9 billion a year earlier.
How much debt does Triumph Financial have?
Triumph Financial had $392.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.42.
How much cash does Triumph Financial have?
Triumph Financial held $612.7 million in cash and short-term investments at the end of fiscal 2025; with $392.9 million of debt that is net cash of $219.9 million.
What is Triumph Financial's book value?
Triumph Financial's shareholders' equity (book value) was $941.8 million at the end of fiscal 2025, or $39.49 per share.
What is Triumph Financial's current ratio?
Triumph Financial had current assets of $612.7 million and current liabilities of $5.0 billion, a current ratio of 0.12 (current liabilities exceed current assets).
How much goodwill does Triumph Financial have?
Triumph Financial carried $403.2 million of goodwill and intangible assets, 6.3% of total assets, at the end of fiscal 2025.