TriplePoint Venture Growth BDC Corp. (TPVG) Income Statement
TPVG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTPVG revenue and net income
Where TPVG's revenue goes
2025Each bar shows an amount and its share of revenue. TPVG kept 50.6% of revenue as net income.
TPVG profit margins
TPVG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +36.6% | +93.6% | +18.3% | +15.7% |
| Gross profit | +78.3% | — | +14.1% | +21.6% |
| Operating income | +136.3% | — | +16.5% | +13.2% |
| Net income | +53.6% | — | +6.9% | +12.2% |
| EPS (diluted) | −24.8% | −18.2% | −7.7% | −3.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TPVG quarterly EPS vs estimates
TriplePoint Venture Growth BDC beat the analyst EPS estimate in 0 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.25).
TPVG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97.2M | $71.2M | $6.0M | $13.4M | $83.4M | $42.0M | $40.2M | $41.5M | $33.7M | $23.4M |
| Cost of revenue | $16.0M | $25.7M | $33.0M | $22.9M | $24.8M | $23.3M | $29.1M | $15.6M | $6.5M | $5.3M |
| Gross profit | $81.2M | $45.5M | −$27.1M | −$9.5M | $83.4M | $42.0M | $40.2M | $25.9M | $27.2M | $18.2M |
| Research & development | — | — | $1 | $0 | $1 | $0 | $0 | $1 | $0 | $0 |
| Sales, general & admin | $6.1M | $11.1M | $9.0M | $6.7M | $6.1M | $6.7M | $6.0M | $5.0M | $4.3M | $4.5M |
| Total operating expenses | $5.5M | $13.5M | $12.8M | $10.6M | $6.8M | $6.7M | $8.4M | $5.0M | $889,000 | −$4.8M |
| Operating income | $75.7M | $32.0M | −$39.8M | −$20.1M | $76.6M | $35.3M | $31.8M | $35.0M | $26.3M | $23.0M |
| Interest income | $88.3M | $106.4M | $135.3M | $116.6M | $82.8M | $88.6M | $70.5M | $62.6M | $50.0M | $41.8M |
| Interest expense | $26.5M | $25.7M | $33.0M | $22.9M | $17.4M | $15.5M | $10.0M | $9.1M | $6.5M | $5.3M |
| Income before taxes | $49.2M | $32.0M | −$39.8M | −$20.1M | $76.6M | $35.3M | $31.8M | $36.6M | $19.2M | $11.1M |
| Income taxes | — | — | $110.6M | $26.8M | −$100.7M | $47.9M | $38.3M | $7.9M | $29.4M | $19.0M |
| Net income | $49.2M | $32.0M | −$39.8M | −$20.1M | $76.6M | $35.3M | $31.8M | $36.6M | $19.2M | $11.1M |
| EBITDA | $75.7M | $32.0M | −$39.8M | −$18.0M | $177.3M | $31.4M | $31.8M | $47.2M | $27.6M | $24.3M |
| EPS (diluted) | $1.06 | $1.41 | $2.07 | $1.94 | $1.33 | $1.58 | $1.55 | $1.71 | $1.62 | $1.41 |
| Gross margin | 83.5% | 64.0% | −453.4% | −71.0% | 100.0% | 100.0% | 100.0% | 62.4% | 80.6% | 77.5% |
| Operating margin | 77.9% | 45.0% | −667.0% | −149.8% | 91.8% | 84.1% | 79.0% | 84.3% | 77.9% | 98.1% |
| Net margin | 50.6% | 45.0% | −667.0% | −149.8% | 91.8% | 84.1% | 79.0% | 88.0% | 57.1% | 47.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.5M | $22.5M | $15.1M | $22.2M | $20.6M | $21.1M | $2.5M | $31.9M | $19.3M | $17.4M | $0 | $14.2M |
| Cost of revenue | $4.8M | $4.3M | $5.4M | $5.6M | $5.5M | $5.1M | $6.1M | $6.0M | $7.7M | $5.9M | $7.3M | $8.4M |
| Gross profit | $19.6M | $18.1M | $9.7M | $16.6M | $15.1M | $16.0M | −$3.6M | $26.0M | $11.6M | $11.5M | −$24.9M | $5.8M |
| Research & development | — | $38.0M | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | $1.7M | $1.0M | $2.4M | $2.2M | $2.0M | $2.0M | $2.1M | $2.2M | $2.0M | $2.4M | $2.9M | $2.7M |
| Total operating expenses | $1.7M | $4.1M | $1.6M | $1.3M | $2.0M | $3.3M | $3.6M | $3.4M | $3.0M | $3.5M | $3.9M | $3.7M |
| Operating income | $17.9M | $14.0M | $8.1M | $15.2M | $13.2M | $12.7M | −$7.2M | $22.6M | $8.6M | $8.0M | −$28.8M | $2.1M |
| Interest income | $22.0M | $22.1M | $22.0M | $22.1M | $22.5M | $21.6M | $25.3M | $26.0M | $26.6M | $28.5M | $32.4M | $34.1M |
| Interest expense | $8.3M | $7.9M | $10.3M | $5.6M | $5.5M | $5.1M | $6.1M | $6.0M | $7.7M | $5.9M | $7.3M | $8.4M |
| Income before taxes | $9.4M | $6.2M | $8.1M | $15.2M | $13.2M | $12.7M | −$7.2M | $22.6M | $8.6M | $8.0M | −$28.8M | $2.1M |
| Income taxes | $200,000 | — | — | — | — | — | — | — | $21.3M | $22.5M | $17.3M | $28.4M |
| Net income | $9.2M | $6.2M | $8.1M | $15.2M | $13.2M | $12.7M | −$7.2M | $22.6M | $8.6M | $8.0M | −$28.8M | $2.1M |
| EBITDA | $17.9M | $14.0M | $8.7M | $15.2M | $13.2M | $12.7M | −$7.2M | $22.6M | $8.6M | $8.0M | −$28.8M | $2.1M |
| EPS (diluted) | $0.21 | $0.23 | $0.25 | $0.26 | $0.28 | $0.27 | $0.32 | $0.35 | $0.33 | $0.41 | $0.47 | $0.54 |
| Gross margin | 80.3% | 80.7% | 64.1% | 74.8% | 73.3% | 75.7% | −142.1% | 81.4% | 60.3% | 66.0% | — | 41.1% |
| Operating margin | 73.2% | 62.4% | 53.6% | 68.7% | 63.8% | 60.2% | −284.4% | 70.9% | 44.7% | 45.8% | — | 15.1% |
| Net margin | 37.7% | 27.4% | 53.6% | 68.7% | 63.8% | 60.2% | −284.4% | 70.9% | 44.7% | 45.8% | — | 15.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TPVG's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TPVG financial results
In fiscal year 2025 (ended December 31, 2025), TriplePoint Venture Growth BDC reported revenue of $97.2 million, up 36.6% from the year before. It had net income of $49.2 million (up 53.6%), a net profit margin of 50.6%. Diluted earnings per share came to $1.06. Over five years revenue grew at an average rate of 18.3% a year.
See the TPVG stock overview for the latest quote and news, or the TPVG chart for price history and technical indicators.
TPVG income statement FAQ
What is TriplePoint Venture Growth BDC's annual revenue?
TriplePoint Venture Growth BDC reported total revenue of $97.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 36.6% from $71.2 million the previous year.
Is TriplePoint Venture Growth BDC profitable?
Yes. TriplePoint Venture Growth BDC reported net income of $49.2 million in fiscal 2025, a net profit margin of 50.6%; its operating margin was 77.9%.
What is TriplePoint Venture Growth BDC's gross margin?
TriplePoint Venture Growth BDC's gross margin was 83.5% in fiscal 2025: for every $100 of revenue, TriplePoint Venture Growth BDC kept $84 after the direct cost of its products and services.
How fast is TriplePoint Venture Growth BDC growing?
Revenue grew 18.3% a year on average over the last five fiscal years, from $42.0 million to $97.2 million.
What are TriplePoint Venture Growth BDC's earnings per share?
TriplePoint Venture Growth BDC earned $1.06 per diluted share in fiscal 2025, compared with $1.41 a year earlier.
When will TriplePoint Venture Growth BDC report its next earnings?
TriplePoint Venture Growth BDC is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does TriplePoint Venture Growth BDC's fiscal year end?
TriplePoint Venture Growth BDC's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.