TriplePoint Venture Growth (TPVG)
NYSE:TPVG
Want to see TPVG full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.24Last Year’s EPS
0.28Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of constructive portfolio and capital-management progress alongside notable near-term operational headwinds. Positives include dividend coverage, a higher portfolio yield (13.5%), reduction in unfunded commitments (down 20%), DBRS reaffirmation, liquidity of $112M, a strengthening warrant/equity portfolio ($144M FV up $6M), and a successful exit (Observe AI acquisition). Offsetting these were lower quarterly NII and NII per share (≈-8%), a QoQ decline in NAV (≈-0.9%), net unrealized losses (~$3M), restricted new commitments to TPVG ($1M vs $90M prior quarter) and materially lower fundings versus Q4 (-≈71%). Management emphasized disciplined underwriting, AI-focused rotation and shareholder-friendly actions (fee waivers, $12.5M buyback), but the funding cadence and certain credit downgrades temper near-term upside. Overall, the call is balanced between progress and work-to-do.Company Guidance
Dividend Coverage and Net Investment Income
Net investment income of $9.1M ($0.23 per share) in Q1 2026 fully covered the $0.23 per share quarterly dividend.
Portfolio Yield Increase
Weighted average annualized portfolio yield increased to 13.5% in Q1 from 12.7% in Q4 (+0.8 percentage points, ≈+6.3% relative), reflecting higher onboarding yields and mix toward term loans.
Fundings Within Guided Range
Funded $26.5M to 7 companies in the quarter, within the company's guidance of $25M–$50M for quarterly fundings; funded investments carried a weighted average annualized yield of 12.9% (vs. 12.0% in prior quarter).
Reduced Unfunded Commitments and Lower Gross Leverage
Outstanding unfunded commitments were reduced by 20% to $207M (from $260M at year-end). Gross leverage ratio declined to 1.27x from 1.33x quarter-over-quarter.
Equity/Warrant Portfolio Appreciation and Exit Activity
Warrant and equity portfolio fair value increased to $144M (up $6M, ≈+4.3% QoQ). Observe AI was acquired by Snowflake for $650M; the loan prepaid ($16M) and TPVG received Snowflake shares, demonstrating exit potential.
Maintained Liquidity and Investment-Grade Rating
Total liquidity of $112M as of March 31, 2026 (including $9M cash and $103M revolver availability). DBRS reaffirmed TPVG's credit rating at BBB (low) with a stable outlook.
Adviser Fee Waiver and Share Buyback Authorization
Adviser waived the full quarterly income incentive fee for each quarter in 2026 (1.8M earned but fully waived in Q1). Board authorized a 12-month share repurchase program of up to $12.5M (~6% of market cap as described), signaling shareholder-friendly capital allocation.
Strong VC/AI Market Tailwinds and Pipeline
Management highlighted robust VC market activity (PitchBook: Q1 VC deal value $267B; AI represented 89% of deal value) and a strong TriplePoint Capital pipeline focused on AI and other attractive sectors, supporting future lending and warrant/equity upside.
TPVG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TPVG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $5.59 | $5.98 | +6.98% |
Mar 04, 2026 | $5.04 | $5.13 | +1.71% |
Nov 05, 2025 | $5.09 | $5.27 | +3.43% |
Aug 06, 2025 | $6.12 | $5.61 | -8.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TriplePoint Venture Growth (TPVG) report earnings?
TriplePoint Venture Growth (TPVG) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is TriplePoint Venture Growth (TPVG) earnings time?
TriplePoint Venture Growth (TPVG) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPVG EPS forecast?
TPVG EPS forecast for the fiscal quarter 2026 (Q2) is 0.24.