Filing Flows › TPG RE Finance Trust (TRTX) › How it makes money
How TPG RE Finance Trust (TRTX) makes money
TPG RE Finance Trust (TRTX) made $35.9M of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Net interest income brought in $26.7M (74%); Noninterest income brought in $9.2M (26%). Of every dollar of revenue, 26¢ was left as operating profit, 26¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net interest income | $26.7M | 74.3% | +13% | -6% |
| Noninterest income | $9.2M | 25.7% | -11% | -3% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $35.9M | 100.0% |
| Operating profit | $9.5M | 26.4% |
| Income tax | $104K | 0.3% |
| Net earnings | $9.4M | 26.1% |
| Operating cash flow | $14.4M | 40.1% |
| Free cash flow | $12.2M | 33.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $35.9M | -5% |
| Q2 2026 | $34.0M | -6% |
From TPG RE Finance Trust's 10-Q filed Oct 26, 2026 (on EDGAR).
Questions
How does TPG RE Finance Trust make money?
TPG RE Finance Trust (TRTX) made $35.9M of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Net interest income brought in $26.7M (74%); Noninterest income brought in $9.2M (26%). Of every dollar of revenue, 26¢ was left as operating profit, 26¢ was left as net earnings.
What is TPG RE Finance Trust's biggest business?
Net interest income: $26.7M in the third quarter 2026, 74% of revenue, -6% from a year earlier.
What is TPG RE Finance Trust's profit margin?
Net earnings were $9.4M, 26.1% of revenue, in the third quarter 2026; the operating margin was 26.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.