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TriplePoint Venture Growth (TPVG)
NYSE:TPVG
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.35Last Year’s EPS
0.47Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 17.84%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a company in a strong financial position with increased NAV and portfolio yield, improved credit quality, and significant fundraising by portfolio companies. However, challenges remain in the venture capital market, with decreased new investment commitments and a notable realized loss from a portfolio company acquisition.Company Guidance
During the earnings call for TriplePoint Venture Growth BDC Corp (TPVG) covering the third quarter of 2024, several metrics were highlighted by the executives. The company reported a 3% increase in NAV to $9.10 per share and generated $13.8 million in net investment income (NII) or $0.35 per share, which over-earned the dividend. TPVG maintained a strong portfolio yield of 15.7% and experienced a 1% increase in core yield from the previous quarter. Credit quality improved with three upgrades and one downgrade, while maintaining a target leverage range of 1.1x. TPVG renewed its credit facility to $300 million, with potential expansion to $400 million, and ended the quarter with $340 million in total liquidity. Additionally, the company reported $8.8 million in net realized and unrealized gains, with warrant positions in 95 portfolio companies and equity investments in 48 companies contributing positively to NAV. Eight debt portfolio companies raised $656 million in the quarter, while 23 companies raised $1.7 billion in the first nine months of 2024. The company remains focused on cautious portfolio management and seeks to capitalize on investment opportunities in sectors like verticalized software, aerospace and defense, health tech, and AI.Increase in Net Asset Value
NAV increased by 3% to $9.10 per share.
Strong Portfolio Yield
Achieved a 15.7% weighted average portfolio yield for the quarter.
Credit Quality Improvement
Improved weighted average credit score with 3 upgrades and 1 downgrade.
Debt Portfolio Companies' Fundraising
8 debt portfolio companies raised $656 million in Q3, contributing to a 285% increase over the first 9 months of 2023.
Renewed and Extended Credit Facility
Renewed credit facility to $300 million with an accordion feature to increase up to $400 million.
Warrant and Equity Investment Gains
$8.8 million in net realized and unrealized gains, with Revolut warrant and equity positions contributing significantly.
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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
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TPVG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $6.56 | $7.26 | +10.67% |
| Aug 07, 2024 | $7.44 | $6.91 | -7.12% |
| May 01, 2024 | $8.37 | $8.24 | -1.55% |
| Mar 06, 2024 | $9.23 | $8.10 | -12.24% |
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.
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FAQ
When does TriplePoint Venture Growth (TPVG) report earnings?
TriplePoint Venture Growth (TPVG) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is TriplePoint Venture Growth (TPVG) earnings time?
TriplePoint Venture Growth (TPVG) earnings time is at Mar 05, 2025, TBA Not 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 2024 (Q4) is 0.35.
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