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TriplePoint Venture Growth BDC (TPVG) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · TriplePoint Venture Growth BDC (TPVG) Q3 2026 earnings results →

Q3 2026 Revenue down 11% year over year to $9.8M · 17¢ of every $1 of revenue lost · operating margin -17.4%

TriplePoint Venture Growth BDC made $9.8M in Q3 2026 (-11% Y/Y): Net interest income $9.7M, Noninterest income $125K. Operating margin -17.4%, net loss $1.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$9.8M
Year over year-11%
Operating margin-17.4%
Net earnings−$1.7M
Operating cash flow$59.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $9.8M in Q3 2026, down 11% year over year. Net interest income was the largest line at 99% of revenue. Net interest income lost $880K year over year (down 8%), 73% of the total change.

Operating costs exceeded revenue by $1.7M, an operating margin of -17.4%. The quarter ended with a net loss of $1.7M.

Operating cash flow was $59.5M. Working capital and other items added $61.2M.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$9.8M-11%-17.4%−$1.7M$59.5M

Charts

TriplePoint Venture Growth BDC: where the cash came from (+) and went (−), TTM to Q3 2026TriplePoint Venture Growth BDC: where the cash came from (+) and went (−), TTM to Q3 2026Other financing−$166MOperating cash flow$100MNet borrowing (+) / repaid (−)$55.0MCash drawn (+) / kept (−)$10.6M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
TriplePoint Venture Growth BDC: profit against cash, quarter by quarterTriplePoint Venture Growth BDC: profit against cash, quarter by quarterNet incomeOperating cash flow−$7.2M$46.6MQ4 2024$12.7M−$4.9MQ1 2025$13.2M−$12.7MQ2 2025$15.2M−$70.0MQ3 2025$8.1M$30.6MQ4 2025$6.2M−$6.4MQ1 2026$10.7M$16.8MQ2 2026−$1.7M$59.5MQ3 2026
Latest (Q3 2026): Net income −$1.7M, Operating cash flow $59.5M.
TriplePoint Venture Growth BDC: diluted shares by fiscal yearTriplePoint Venture Growth BDC: diluted shares by fiscal year31MFY202133MFY202236MFY202339MFY202440MFY2025
+30.2% since FY2021: more shares outstanding (issuance, stock pay).

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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About TriplePoint Venture Growth BDC

We are an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company, or “BDC,” under the Investment Company Act of 1940, as amended, or the “1940 Act.” We have also elected to be treated, and intend to qualify annually, as a regulated investment company, or “RIC,” under Subchapter M of the Internal Revenue Code of 1986, as amended, or the “Code,” for U.S. federal income tax purposes. We were formed as a Maryland corporation on June 28, 2013 to expand the venture growth stage business segment of TPC’s investment platform.

In its own words, from its 10-K, filed Mar 4, 2026.

TriplePoint Venture Growth BDC against its Other peers

The largest companies of the same SEC industry, each at its latest quarter.

CompanyQuarterRevenueY/YOp. margin
TPVG TriplePoint Venture Growth BDCQ3 2026$9.8M-11%-17.4%
Stone Point Credit Income FundQ2 2026$98K—n/m

Source: TriplePoint Venture Growth BDC 10-Q on SEC EDGAR · CIK 1580345 ·

Guidance and outlook

TriplePoint Venture Growth BDC: what its forward-looking statements are about (10-Q filed 2026-11-04)TriplePoint Venture Growth BDC: what its forward-looking statements are about (10-Q filed 2026-11-04)Other8Costs3Financing2Supply chain2Buybacks & dividends1
16 statements; tone +0.19 (−1 all cautious, +1 all confident); 2 hedged.
TriplePoint Venture Growth BDC: outlook statements against the filing beforeTriplePoint Venture Growth BDC: outlook statements against the filing beforeConfident4Cautious1

13F: who owns TPVG and who is buying

Largest holders of TPVG (13F)Largest holders of TPVG (13F)Two Sigma Investments, LP$3.0MMarshall Wace, LLP$1.7MLegal & General Group$1.6MBlackRock$754KBank of America$620KMorgan Stanley$602KWells Fargo$569KUBS Group AG$417KKovack Advisors$402KLPL Financial LLC$322K
Funds' net buying of TPVG by quarter (13F)Funds' net buying of TPVG by quarter (13F)−$144K2024-09$1.0M2024-12−$5.2M2025-03−$4.7M2025-06$2.4M2025-09$775K2025-12−$3.2M2026-03−$3.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TPVG

History

Every quarter: Q3 2026 results

中文版:TriplePoint Venture Growth BDC(TPVG)财报

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