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TriplePoint Venture Growth (TPVG)
NYSE:TPVG
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.24Last Year’s EPS
0.27Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted meaningful progress in originations, portfolio growth, NAV improvement, liquidity and capital structure actions, along with active sponsor alignment and incentives that materially support earnings and flexibility. Offsetting items include yield compression amid a lower-rate environment, volatility and unrealized losses in the warrant/equity portfolio, specific credit workouts (NA-KD, Frubana, Prodigy), and near-term exit-market uncertainty. Overall, the company is positioned with stronger origination momentum, a larger pipeline and improved balance-sheet flexibility, though execution risks remain tied to credit resolutions and public/exit market timing.Company Guidance
Strong Origination and Funding Growth
Closed $508M of new debt commitments in 2025 versus $175M in 2024 (≈+190%), and funded $287M during 2025 versus $135M in 2024 (≈+113%), marking the highest origination activity in over two years. Adviser/TriplePoint signed $1.2B of term sheets in 2025 (≈+63% vs $736M in 2024). Pipeline exceeded $2.0B at year-end.
Portfolio Size and NAV Improvement
Total investment portfolio at fair value grew to ~$784M from $676M at 12/31/24 (+16% YoY). Net asset value increased to $8.73 per share from $8.61 (+$0.12, ≈+1.4% YoY). Net increase in net assets from operations was $49.2M ($1.22/share) in 2025 versus $32.0M ($0.82/share) in 2024 (≈+54%).
Increased Diversification and New Borrowers
Added 28 new borrowers in 2025 (an increase of 250% over the prior year) and expanded sector/geographic diversification, including AI-native and strategic sectors (aerospace, defense, advanced manufacturing). Two-thirds of Q4 commitments were to new portfolio companies.
Improved Fundraising and Equity/Warrant Positions
Warrant and equity positions rose to a total fair value of $138M from $116M a year ago (≈+19%), with warrants in 118 companies and equity in 55. Several portfolio companies are positioned as top IPO/M&A candidates (e.g., Cohesity, Revolut, Dialpad, GrubMarket).
Liquidity and Capital Structure Strengthening
Total liquidity of $252.4M (cash $47.4M + $205M available revolver). Revolving credit facility extended (revolver period to Nov 30, 2027; maturity to May 30, 2029). Issued $75M senior notes at 7.5% to help repay $200M maturing notes; gross leverage 1.33x, net leverage 1.20x.
Sponsor Alignment and Expense Relief
Sponsor/TPC purchased ~1.8–2.0M shares (~nearly 5% of outstanding shares), and the adviser waived income incentive fees (~$5.3M waived in 2025) and extended the waiver through 2026, increasing reported net investment income by ~$8.5M for FY2025.
Earnings and Distributions
Generated net investment income of $42.3M ($1.05/share) for FY2025 on total investment and other income of $90.9M. Declared and paid total distributions of $1.08 per share (regular $1.06 + supplemental $0.02). Estimated spillover income of $42.3M ($1.04/share) heading into 2026.
Recovery and Realizations
Recognized $4.8M of net realized gains in Q4 related to a restructuring, and saw recoveries/resolutions (e.g., full recovery from 30 Madison / Pill Club transaction). Restructuring of NA-KD converted part of debt to hybrid/equity, producing recognized gains versus cost basis.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $4.99 | $5.36 | +7.50% |
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 May 06, 2026, After Close (Confirmed).
What is TriplePoint Venture Growth (TPVG) earnings time?
TriplePoint Venture Growth (TPVG) earnings time is at May 06, 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 (Q1) is 0.24.