TriplePoint Venture Growth BDC Key Executives
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TriplePoint Venture Growth BDC Earnings
This section highlights TriplePoint Venture Growth BDC's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-05 | $0.35 | $0.32 |
| Read Transcript | Q3 | 2024 | 2024-11-06 | $0.34 | $0.35 |
| Read Transcript | Q2 | 2024 | 2024-08-07 | $0.43 | $0.33 |
| Read Transcript | Q1 | 2024 | 2024-05-01 | $0.44 | $0.41 |
| Read Transcript | Q4 | 2023 | 2024-03-06 | $0.49 | $0.47 |
| Read Transcript | Q3 | 2023 | 2023-11-01 | $0.54 | $0.54 |
| Read Transcript | Q2 | 2023 | 2023-08-02 | $0.52 | $0.53 |
| Read Transcript | Q1 | 2023 | 2023-05-03 | $0.53 | $0.53 |
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.
$5.87
Stock Price
$235.61M
Market Cap
-
Employees
Menlo Park, CA
Location
Financial Statements
Access annual & quarterly financial statements for TriplePoint Venture Growth BDC, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $108.65M | $61.73M | $119.42M | $83.36M | $42.00M |
| Cost of Revenue | $- | $-75.76M | $24.66M | $24.79M | $23.26M |
| Gross Profit | $108.65M | $137.49M | $94.76M | $58.58M | $18.74M |
| Gross Profit Ratio | 100.00% | 222.74% | 79.35% | 70.26% | 44.62% |
| Research and Development Expenses | $- | $- | $-0 | $1 | $0 |
| General and Administrative Expenses | $6.32M | $9.00M | $6.70M | $6.13M | $6.70M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $6.32M | $9.00M | $6.70M | $6.13M | $6.70M |
| Other Expenses | $47.78M | $-36.06M | $51.42M | $681.00K | $38.76M |
| Operating Expenses | $54.10M | $-27.07M | $6.70M | $6.81M | $6.70M |
| Cost and Expenses | $54.10M | $-27.07M | $55.87M | $6.81M | $6.70M |
| Interest Income | $91.32M | $133.25M | $116.57M | $82.83M | $88.57M |
| Interest Expense | $30.45M | $33.04M | $26.76M | $17.37M | $15.49M |
| Depreciation and Amortization | $- | $- | $66.73M | $-27.22M | $48.93M |
| EBITDA | $- | $- | $- | $- | $-12.55M |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | -29.87% |
| Operating Income | $54.55M | $73.81M | $90.32M | $76.56M | $35.31M |
| Operating Income Ratio | 50.21% | 119.57% | 75.63% | 91.83% | 84.06% |
| Total Other Income Expenses Net | $-22.50M | $-113.63M | $-62.13M | $-3.06M | $23.26M |
| Income Before Tax | $32.05M | $-39.82M | $-20.07M | $76.56M | $35.31M |
| Income Before Tax Ratio | 29.49% | -64.51% | -16.81% | 91.83% | 84.06% |
| Income Tax Expense | $- | $- | $26.76M | $40.42M | $47.85M |
| Net Income | $32.05M | $-39.82M | $-46.83M | $76.56M | $35.31M |
| Net Income Ratio | 29.49% | -64.51% | -39.21% | 91.83% | 84.06% |
| EPS | $0.82 | $-1.12 | $-1.43 | $2.47 | $1.16 |
| EPS Diluted | $0.82 | $-1.12 | $-1.43 | $2.47 | $1.16 |
| Weighted Average Shares Outstanding | 39.10M | 35.71M | 32.69M | 30.94M | 30.57M |
| Weighted Average Shares Outstanding Diluted | 39.10M | 35.71M | 32.69M | 30.94M | 30.57M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $-3.59M | $26.52M | $8.26M | $20.47M | $-24.89M | $5.83M | $-18.09M | $33.63M | $119.98M | $3.12M | $27.43M | $8.19M | $15.54M | $41.39M | $13.95M | $14.59M | $6.95M | $16.20M | $23.67M | $-2.90M |
| Cost of Revenue | $- | $148.00K | $4.48M | $4.91M | $5.06M | $5.17M | $5.06M | $4.88M | $119.42M | $4.63M | $7.57M | $7.68M | $6.99M | $6.16M | $5.97M | $5.67M | $-855.00K | $- | $- | $- |
| Gross Profit | $-3.59M | $26.37M | $3.78M | $15.55M | $-29.95M | $660.00K | $-23.16M | $28.75M | $561.00K | $-1.51M | $19.86M | $508.00K | $8.54M | $35.23M | $7.98M | $8.92M | $7.80M | $16.20M | $23.67M | $-2.90M |
| Gross Profit Ratio | 100.00% | 99.44% | 45.77% | 75.99% | 120.34% | 11.31% | 127.98% | 85.48% | 0.47% | -48.46% | 72.42% | 6.20% | 54.99% | 85.12% | 57.23% | 61.13% | 112.31% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $2.12M | $1.58M | $1.97M | $2.44M | $2.89M | $2.74M | $1.87M | $1.49M | $1.87M | $1.65M | $1.58M | $1.60M | $1.69M | $1.59M | $1.28M | $1.56M | $2.19M | $1.01M | $1.83M | $1.67M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.12M | $1.58M | $1.97M | $2.44M | $2.89M | $2.74M | $1.87M | $1.49M | $1.87M | $1.65M | $1.58M | $1.60M | $1.69M | $1.59M | $1.28M | $1.56M | $2.19M | $1.01M | $1.83M | $1.67M |
| Other Expenses | $1.47M | $11.15M | $1.05M | $-563.00K | $3.64M | $14.47M | $15.01M | $14.13M | $48.54M | $1.03M | $962.00K | $886.00K | $829.00K | $940.00K | $1.73M | $1.16M | $854.00K | $743.00K | $622.00K | $549.00K |
| Operating Expenses | $3.59M | $12.73M | $3.02M | $563.00K | $3.90M | $3.69M | $2.76M | $1.49M | $1.87M | $2.68M | $2.55M | $2.48M | $1.69M | $2.53M | $1.97M | $2.73M | $2.19M | $1.76M | $2.45M | $2.22M |
| Cost and Expenses | $3.59M | $12.73M | $-9.06M | $5.48M | $3.90M | $16.63M | $2.76M | $15.05M | $48.15M | $2.68M | $2.55M | $2.48M | $2.52M | $2.53M | $3.01M | $2.73M | $3.04M | $1.76M | $2.45M | $2.22M |
| Interest Income | $25.31M | $21.73M | $26.59M | $28.53M | $32.42M | $34.07M | $34.50M | $32.25M | $34.43M | $29.21M | $27.00M | $25.93M | $25.17M | $18.72M | $19.74M | $19.19M | $22.81M | $22.22M | $23.27M | $20.27M |
| Interest Expense | $6.12M | $7.15M | $7.66M | $5.93M | $7.29M | $8.35M | $9.06M | $9.24M | $8.38M | $6.12M | $5.16M | $4.21M | $4.78M | $3.16M | $4.14M | $3.19M | $3.51M | $2.77M | $3.69M | $3.61M |
| Depreciation and Amortization | $- | $- | $-21.31M | $-22.53M | $-25.59M | $-28.40M | $-28.78M | $-27.82M | $-28.88M | $-24.01M | $-18.78M | $-18.65M | $-17.69M | $-13.99M | $-13.54M | $-13.26M | $-15.39M | $-15.71M | $-15.85M | $-16.40M |
| EBITDA | $- | $- | $- | $- | $-20.48M | $-16.96M | $-20.86M | $- | $-33.26M | $- | $-10.71M | $-8.73M | $946.00K | $28.03M | $1.53M | $1.79M | $-7.97M | $1.50M | $9.06M | $- |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 82.29% | -290.59% | 115.25% | 0.00% | -27.72% | 0.00% | -39.05% | -106.57% | 6.09% | 67.73% | 11.00% | 12.27% | -114.77% | 9.23% | 38.29% | 0.00% |
| Operating Income | $-7.18M | $13.79M | $17.32M | $14.99M | $-28.79M | $19.10M | $-20.86M | $16.92M | $83.09M | $-2.68M | $-2.55M | $-2.48M | $-2.52M | $-2.53M | $-3.01M | $-2.73M | $-3.04M | $-1.76M | $-2.45M | $-2.22M |
| Operating Income Ratio | 200.11% | 51.99% | 209.65% | 73.24% | 115.67% | 327.40% | 115.25% | 50.33% | 69.25% | -86.14% | -9.28% | -30.34% | -16.19% | -6.11% | -21.60% | -18.70% | -43.79% | -10.84% | -10.35% | 76.42% |
| Total Other Income Expenses Net | $- | $8.85M | $-12.69M | $-14.26M | $- | $-25.59M | $- | $-19.17M | $-19.51M | $-23.48M | $-31.73M | $-12.90M | $-3.41M | $25.07M | $-1.54M | $-1.07M | $-10.24M | $-955.00K | $5.52M | $- |
| Income Before Tax | $-7.18M | $22.63M | $8.62M | $7.98M | $-28.79M | $2.15M | $-20.86M | $7.68M | $-11.79M | $432.00K | $-14.41M | $5.71M | $13.85M | $38.86M | $11.99M | $11.86M | $4.76M | $14.44M | $21.22M | $-5.12M |
| Income Before Tax Ratio | 200.11% | 85.36% | 104.31% | 38.99% | 115.67% | 36.81% | 115.25% | 22.83% | -9.83% | 13.86% | -52.55% | 69.66% | 89.15% | 93.89% | 85.91% | 81.30% | 68.52% | 89.16% | 89.65% | 176.42% |
| Income Tax Expense | $- | $- | $21.31M | $22.53M | $17.29M | $28.40M | $18.84M | $27.82M | $11.26M | $-9.24M | $6.70M | $-12.40M | $-20.32M | $-2.53M | $-3.01M | $-2.73M | $-3.04M | $-1.76M | $-2.45M | $-2.22M |
| Net Income | $-7.18M | $22.63M | $8.62M | $7.98M | $-28.79M | $2.15M | $-20.86M | $7.68M | $-23.06M | $9.67M | $-21.12M | $18.11M | $13.85M | $38.86M | $11.99M | $11.86M | $4.76M | $14.44M | $21.22M | $-5.12M |
| Net Income Ratio | 200.11% | 85.36% | 104.31% | 38.99% | 115.67% | 36.81% | 115.25% | 22.83% | -19.22% | 310.30% | -76.99% | 221.10% | 89.15% | 93.89% | 85.91% | 81.30% | 68.52% | 89.16% | 89.65% | 176.42% |
| EPS | $-0.18 | $0.57 | $0.22 | $0.21 | $-0.79 | $0.06 | $-0.59 | $0.22 | $-0.65 | $0.29 | $-0.68 | $0.58 | $0.45 | $1.26 | $0.39 | $0.38 | $0.15 | $0.47 | $0.69 | $-0.17 |
| EPS Diluted | $-0.18 | $0.57 | $0.22 | $0.21 | $-0.79 | $0.06 | $-0.59 | $0.22 | $-0.65 | $0.29 | $-0.68 | $0.58 | $0.45 | $1.26 | $0.39 | $0.38 | $0.15 | $0.47 | $0.69 | $-0.17 |
| Weighted Average Shares Outstanding | 40.05M | 39.95M | 38.73M | 37.65M | 36.46M | 35.61M | 35.40M | 35.35M | 35.35M | 33.37M | 31.04M | 31.01M | 30.99M | 30.96M | 30.92M | 30.88M | 30.84M | 30.79M | 30.75M | 29.88M |
| Weighted Average Shares Outstanding Diluted | 40.05M | 39.95M | 38.73M | 37.65M | 36.46M | 35.61M | 35.40M | 35.35M | 35.35M | 33.37M | 31.04M | 31.01M | 30.99M | 30.96M | 30.92M | 30.88M | 30.84M | 30.79M | 30.75M | 29.88M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $45.90M | $153.33M | $51.49M | $51.27M | $38.22M |
| Short Term Investments | $- | $- | $949.28M | $- | $- |
| Cash and Short Term Investments | $45.90M | $153.33M | $1.00B | $51.27M | $38.22M |
| Net Receivables | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $2.38M | $9.64M | $1.01M | $1.90M |
| Total Current Assets | $45.90M | $155.71M | $1.00B | $51.27M | $38.22M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $676.25M | $802.14M | $949.28M | $865.34M | $633.78M |
| Tax Assets | $- | $- | $1.01B | $927.67M | $683.51M |
| Other Non-Current Assets | $-676.25M | $- | $-1.01B | $-927.67M | $-683.51M |
| Total Non-Current Assets | $676.25M | $802.14M | $949.28M | $865.34M | $633.78M |
| Other Assets | $40.89M | $20.97M | $-935.51M | $11.06M | $11.51M |
| Total Assets | $763.04M | $978.83M | $1.01B | $927.67M | $683.51M |
| Account Payables | $- | $- | $- | $- | $3.09M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $-258.02M |
| Other Current Liabilities | $- | $- | $22.11M | $- | $-3.09M |
| Total Current Liabilities | $3.41M | $27.51M | $175.00M | $22.48M | $3.09M |
| Long Term Debt | $- | $- | $566.98M | $467.50M | $261.11M |
| Deferred Revenue Non-Current | $- | $- | $594.59M | $493.18M | $283.07M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-594.59M | $-25.68M | $-21.96M |
| Other Non-Current Liabilities | $- | $- | $5.50M | $-467.50M | $-261.11M |
| Total Non-Current Liabilities | $- | $- | $419.59M | $467.50M | $261.11M |
| Other Liabilities | $417.35M | $632.52M | $- | $-22.48M | $18.88M |
| Total Liabilities | $417.35M | $632.52M | $594.59M | $467.50M | $283.07M |
| Preferred Stock | $- | $- | $- | $- | $28.63M |
| Common Stock | $40.54M | $376.00K | $353.00K | $310.00K | $309.00K |
| Retained Earnings | $- | $-147.00M | $-50.98M | $19.96M | $-12.39M |
| Accumulated Other Comprehensive Income Loss | $- | $-0 | $7.39M | $45.01M | $-28.63M |
| Other Total Stockholders Equity | $305.15M | $492.93M | $470.57M | $414.22M | $412.51M |
| Total Stockholders Equity | $345.69M | $346.31M | $419.94M | $434.49M | $400.44M |
| Total Equity | $345.69M | $346.31M | $927.66M | $842.85M | $616.87M |
| Total Liabilities and Stockholders Equity | $763.04M | $978.83M | $1.01B | $927.67M | $683.51M |
| Minority Interest | $- | $- | $507.72M | $408.36M | $216.44M |
| Total Liabilities and Total Equity | $763.04M | $978.83M | $1.01B | $927.67M | $683.51M |
| Total Investments | $676.25M | $802.14M | $1.90B | $865.34M | $633.78M |
| Total Debt | $- | $607.90M | $566.98M | $467.50M | $261.11M |
| Net Debt | $-45.90M | $-153.33M | $515.49M | $416.23M | $222.89M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $45.90M | $48.28M | $50.67M | $763.00K | $153.33M | $105.00M | $78.41M | $57.29M | $51.49M | $6.86M | $43.10M | $51.27M | $51.27M | $23.09M | $33.44M | $114.96M | $38.22M | $24.86M | $19.08M | $84.69M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $949.28M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $45.90M | $48.28M | $50.67M | $763.00K | $153.33M | $105.00M | $78.41M | $57.29M | $1.00B | $6.86M | $43.10M | $51.27M | $51.27M | $23.09M | $33.44M | $114.96M | $38.22M | $24.86M | $19.08M | $84.69M |
| Net Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $4.56M | $5.90M | $2.38M | $2.77M | $13.55M | $2.50M | $9.64M | $1.70M | $522.00K | $915.00K | $1.01M | $2.65M | $1.78M | $2.47M | $1.90M | $2.18M | $2.00M | $2.97M |
| Total Current Assets | $45.90M | $48.28M | $54.99M | $6.67M | $153.33M | $105.00M | $78.41M | $57.29M | $1.00B | $6.86M | $43.10M | $51.27M | $51.27M | $23.09M | $33.44M | $114.96M | $38.22M | $24.86M | $19.08M | $84.69M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $676.25M | $720.97M | $713.77M | $773.61M | $802.14M | $870.18M | $941.96M | $982.83M | $949.28M | $962.43M | $876.72M | $806.45M | $865.34M | $767.01M | $647.72M | $633.70M | $633.78M | $646.81M | $692.85M | $713.15M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-676.25M | $- | $2.51M | $2.36M | $-802.14M | $-870.18M | $-941.96M | $-982.83M | $-949.28M | $21.18M | $45.34M | $54.14M | $62.33M | $28.10M | $37.80M | $121.45M | $49.73M | $28.62M | $25.98M | $89.87M |
| Total Non-Current Assets | $717.14M | $720.97M | $716.28M | $775.97M | $802.14M | $870.18M | $941.96M | $982.83M | $949.28M | $983.61M | $922.06M | $860.58M | $927.67M | $795.11M | $685.52M | $755.15M | $683.51M | $675.43M | $718.84M | $803.02M |
| Other Assets | $763.04M | $9.09M | $- | $- | $23.35M | $23.30M | $16.97M | $6.28M | $-935.51M | $-6.86M | $-43.10M | $-51.27M | $-51.27M | $-23.09M | $-33.44M | $-114.96M | $-38.22M | $-24.86M | $-19.08M | $-84.69M |
| Total Assets | $763.04M | $778.35M | $771.27M | $782.63M | $978.83M | $998.48M | $1.04B | $1.05B | $1.01B | $983.61M | $922.06M | $860.58M | $927.67M | $795.11M | $685.52M | $755.15M | $683.51M | $675.43M | $718.84M | $803.02M |
| Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $3.09M | $- | $- | $- |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $- | $- | $- | $8.13M | $- | $- | $- | $- | $22.11M | $- | $- | $- | $- | $- | $- | $- | $-3.09M | $- | $- | $- |
| Total Current Liabilities | $- | $- | $14.93M | $9.23M | $23.02M | $19.42M | $22.46M | $16.54M | $175.00M | $17.70M | $15.71M | $10.84M | $22.48M | $8.81M | $12.46M | $9.76M | $3.09M | $9.54M | $10.96M | $6.59M |
| Long Term Debt | $- | $- | $- | $432.13M | $- | $- | $- | $- | $566.98M | $- | $- | $- | $467.50M | $- | $- | $- | $261.11M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $5.50M | $- | $- | $- | $-467.50M | $- | $- | $- | $-261.11M | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $403.36M | $432.13M | $607.90M | $602.66M | $632.44M | $612.21M | $419.59M | $535.73M | $517.74M | $431.12M | $493.18M | $363.76M | $282.39M | $353.35M | $283.07M | $266.08M | $313.31M | $408.03M |
| Other Liabilities | $417.35M | $414.07M | $- | $- | $-23.02M | $-19.42M | $-22.46M | $-16.54M | $- | $-17.70M | $-15.71M | $-10.84M | $-22.48M | $-8.81M | $-12.46M | $-9.76M | $-3.09M | $-9.54M | $-10.96M | $-6.59M |
| Total Liabilities | $417.35M | $414.07M | $418.29M | $441.36M | $607.90M | $602.66M | $632.44M | $612.21M | $594.59M | $535.73M | $517.74M | $431.12M | $493.18M | $363.76M | $282.39M | $353.35M | $283.07M | $266.08M | $313.31M | $408.03M |
| Preferred Stock | $- | $- | $0 | $- | $- | $1 | $- | $- | $- | $0 | $- | $- | $- | $0 | $- | $11.65M | $0 | $1 | $- | $0 |
| Common Stock | $401.00K | $400.00K | $399.00K | $378.00K | $376.00K | $361.00K | $354.00K | $354.00K | $353.00K | $353.00K | $311.00K | $310.00K | $310.00K | $310.00K | $309.00K | $309.00K | $309.00K | $308.00K | $308.00K | $307.00K |
| Retained Earnings | $-168.43M | $-150.80M | $-161.44M | $-154.13M | $-147.00M | $-104.71M | $-92.46M | $-57.45M | $-50.98M | $-23.34M | $-11.08M | $14.51M | $19.96M | $16.93M | $-10.79M | $-11.65M | $-12.39M | $-3.44M | $-6.80M | $-16.95M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $0 | $-0 | $0 | $0 | $0 | $7.39M | $-0 | $0 | $-0 | $45.01M | $-0 | $-0 | $-11.65M | $-0 | $0 | $0 | $-0 |
| Other Total Stockholders Equity | $513.72M | $514.67M | $514.02M | $495.01M | $492.93M | $478.44M | $471.54M | $471.05M | $470.57M | $470.86M | $415.10M | $414.64M | $414.22M | $414.12M | $413.61M | $413.14M | $412.51M | $412.49M | $412.02M | $411.64M |
| Total Stockholders Equity | $345.69M | $364.27M | $352.98M | $341.27M | $346.31M | $374.10M | $379.43M | $413.95M | $419.94M | $447.88M | $404.32M | $429.46M | $434.49M | $431.35M | $403.13M | $401.80M | $400.44M | $409.36M | $405.52M | $395.00M |
| Total Equity | $345.69M | $364.27M | $352.98M | $341.27M | $346.31M | $374.10M | $379.43M | $413.95M | $419.94M | $447.88M | $404.32M | $429.46M | $434.49M | $431.35M | $403.13M | $401.80M | $400.44M | $409.36M | $405.52M | $395.00M |
| Total Liabilities and Stockholders Equity | $763.04M | $778.35M | $771.27M | $782.63M | $978.83M | $998.48M | $1.04B | $1.05B | $1.01B | $983.61M | $922.06M | $860.58M | $927.67M | $795.11M | $685.52M | $755.15M | $683.51M | $675.43M | $718.84M | $803.02M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $763.04M | $778.35M | $771.27M | $782.63M | $978.83M | $998.48M | $1.04B | $1.05B | $1.01B | $983.61M | $922.06M | $860.58M | $927.67M | $795.11M | $685.52M | $755.15M | $683.51M | $675.43M | $718.84M | $803.02M |
| Total Investments | $676.25M | $720.97M | $713.77M | $773.61M | $802.14M | $870.18M | $941.96M | $982.83M | $1.90B | $962.43M | $876.72M | $806.45M | $865.34M | $767.01M | $647.72M | $633.70M | $633.78M | $646.81M | $692.85M | $713.15M |
| Total Debt | $- | $- | $403.36M | $432.13M | $607.90M | $602.66M | $632.44M | $612.21M | $566.98M | $512.75M | $496.52M | $416.34M | $467.50M | $352.34M | $267.18M | $341.19M | $261.11M | $254.94M | $300.76M | $399.63M |
| Net Debt | $-45.90M | $-48.28M | $352.69M | $431.37M | $454.57M | $497.66M | $554.03M | $554.91M | $515.49M | $505.89M | $453.42M | $365.07M | $416.23M | $329.25M | $233.74M | $226.23M | $222.89M | $230.08M | $281.68M | $314.94M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $-39.82M | $-20.07M | $76.56M | $35.31M |
| Depreciation and Amortization | $-2.76M | $- | $-8.38M | $-4.60M | $-2.08M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $-3.50M | $1.08M | $7.69M | $4.06M |
| Accounts Receivables | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $-2.29M | $643.00K | $2.02M |
| Other Working Capital | $-7.87M | $-3.50M | $3.37M | $7.05M | $2.04M |
| Other Non Cash Items | $155.68M | $149.47M | $-73.52M | $-224.33M | $23.30M |
| Net Cash Provided by Operating Activities | $152.92M | $106.15M | $-100.89M | $-144.68M | $60.58M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-136.02M | $-126.99M | $-421.00M | $-417.37M | $-206.14M |
| Sales Maturities of Investments | $- | $- | $276.18M | $238.34M | $236.30M |
| Other Investing Activities | $- | $- | $-276.18M | $-238.34M | $-236.30M |
| Net Cash Used for Investing Activities | $- | $- | $-421.00M | $-417.37M | $-206.14M |
| Debt Repayment | $-210.00M | $40.00M | $100.00M | $207.25M | $-74.30M |
| Common Stock Issued | $19.43M | $21.11M | $55.11M | $- | $78.24M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-52.09M | $-54.92M | $-49.59M | $-45.59M | $-42.53M |
| Other Financing Activities | $-3.11M | $-13.00K | $-4.52M | $-2.51M | $-46.28M |
| Net Cash Used Provided by Financing Activities | $-245.78M | $6.17M | $101.00M | $159.15M | $-42.35M |
| Effect of Forex Changes on Cash | $- | $- | $421.00M | $417.37M | $206.14M |
| Net Change in Cash | $-92.86M | $112.32M | $113.00K | $14.47M | $18.24M |
| Cash at End of Period | $78.73M | $171.58M | $59.26M | $59.15M | $44.68M |
| Cash at Beginning of Period | $171.58M | $59.26M | $59.15M | $44.68M | $26.44M |
| Operating Cash Flow | $152.92M | $106.15M | $-100.89M | $-144.68M | $60.58M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $152.92M | $106.15M | $-100.89M | $-144.68M | $60.58M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-7.18M | $22.63M | $8.62M | $7.98M | $-28.79M | $2.15M | $-20.86M | $7.68M | $-11.79M | $432.00K | $-14.41M | $5.71M | $13.85M | $38.86M | $11.99M | $11.86M | $4.76M | $14.44M | $21.22M | $-5.12M |
| Depreciation and Amortization | $- | $- | $644.00K | $1.47M | $1.10M | $- | $- | $-1.23M | $-8.38M | $- | $- | $-3.85M | $-4.60M | $- | $- | $-216.00K | $-2.08M | $- | $- | $-923.00K |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $8.11M | $-4.36M | $7.28M | $-18.91M | $3.29M | $-3.99M | $4.86M | $-7.67M | $4.46M | $591.00K | $6.82M | $-10.79M | $15.90M | $-4.66M | $3.73M | $-7.28M | $8.01M | $-1.59M | $5.14M | $-7.49M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $658.00K | $-470.00K | $-188.00K | $-106.00K | $100.00K | $185.00K | $108.00K | $170.00K | $-3.03M | $-40.00K | $612.00K | $843.00K | $152.00K | $346.00K | $-698.00K | $- | $- | $- | $- |
| Other Working Capital | $8.11M | $-5.01M | $7.75M | $-18.72M | $3.40M | $-4.09M | $4.68M | $-7.78M | $4.29M | $3.62M | $6.86M | $-11.41M | $15.05M | $-4.81M | $3.39M | $-6.59M | $11.09M | $-1.59M | $5.14M | $-7.49M |
| Other Non Cash Items | $45.67M | $-6.53M | $-1.36M | $4.27M | $68.62M | $72.36M | $41.46M | $-31.74M | $22.12M | $-85.13M | $-69.81M | $63.16M | $-93.34M | $-118.91M | $-12.86M | $1.00M | $15.64M | $46.50M | $20.76M | $-58.69M |
| Net Cash Provided by Operating Activities | $46.60M | $11.74M | $14.06M | $-6.84M | $43.12M | $70.52M | $25.47M | $-32.96M | $6.41M | $-84.11M | $-77.40M | $54.21M | $-68.19M | $-84.71M | $2.86M | $5.36M | $26.33M | $59.35M | $47.12M | $-72.22M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-33.71M | $-38.40M | $-13.72M | $-25.20M | $-14.15M | $-30.64M | $-57.01M | $-421.00M | $-104.03M | $-157.64M | $-64.97M | $-417.37M | $-117.16M | $-77.20M | $-59.91M | $-206.14M | $- | $- | $-79.52M |
| Sales Maturities of Investments | $- | $-138.92M | $100.16M | $38.76M | $53.05M | $72.28M | $38.59M | $19.99M | $80.58M | $8.62M | $65.33M | $121.65M | $70.82M | $32.37M | $69.11M | $66.03M | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $19.99M | $- | $- | $-19.99M | $-80.58M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $61.76M | $25.04M | $27.85M | $58.13M | $7.95M | $-57.01M | $-421.00M | $-95.41M | $-92.30M | $-64.97M | $-417.37M | $-84.78M | $-8.09M | $-59.91M | $-206.14M | $- | $- | $-79.52M |
| Debt Repayment | $-5.00M | $- | $-29.00M | $-176.00M | $5.00M | $-30.00M | $20.00M | $45.00M | $54.00M | $16.00M | $80.00M | $-50.00M | $115.00M | $85.00M | $-74.75M | $82.00M | $6.00M | $-46.00M | $-99.06M | $63.75M |
| Common Stock Issued | $- | $- | $18.17M | $1.25M | $14.92M | $6.19M | $- | $- | $-219.00K | $55.33M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $78.24M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-55.33M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-11.40M | $-11.34M | $-15.08M | $-14.27M | $-14.10M | $-13.64M | $-13.61M | $-13.57M | $-15.93M | $-12.21M | $-10.72M | $-10.74M | $-10.72M | $-10.63M | $-10.66M | $-13.58M | $-10.59M | $-10.61M | $-10.69M | $-10.63M |
| Other Financing Activities | $-46.00K | $-2.51M | $-558.00K | $- | $180.00K | $-37.00K | $-58.00K | $-98.00K | $- | $52.21M | $-50.00K | $-1.35M | $-40.00K | $-3.00K | $-109.00K | $-2.36M | $-2.75M | $- | $- | $78.24M |
| Net Cash Used Provided by Financing Activities | $-16.45M | $-13.85M | $-25.91M | $-189.02M | $6.00M | $-37.49M | $6.33M | $31.33M | $37.85M | $56.01M | $69.23M | $-62.08M | $104.24M | $74.36M | $-85.52M | $66.06M | $-7.34M | $-56.61M | $-109.75M | $131.36M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-27.85M | $-58.13M | $-7.95M | $57.01M | $421.00M | $95.41M | $92.30M | $64.97M | $417.37M | $- | $- | $59.91M | $206.14M | $- | $- | $79.52M |
| Net Change in Cash | $30.16M | $-2.10M | $49.91M | $-170.82M | $49.12M | $33.03M | $31.80M | $-1.63M | $44.26M | $-28.10M | $-8.18M | $-7.87M | $36.05M | $-10.35M | $-82.66M | $71.42M | $18.98M | $2.74M | $-62.63M | $59.14M |
| Cash at End of Period | $78.73M | $48.57M | $50.67M | $763.00K | $171.58M | $122.46M | $89.43M | $57.63M | $59.26M | $15.00M | $43.10M | $51.27M | $59.15M | $23.09M | $33.44M | $116.10M | $44.68M | $25.69M | $22.95M | $85.58M |
| Cash at Beginning of Period | $48.57M | $50.67M | $763.00K | $171.58M | $122.46M | $89.43M | $57.63M | $59.26M | $15.00M | $43.10M | $51.27M | $59.15M | $23.09M | $33.44M | $116.10M | $44.68M | $25.69M | $22.95M | $85.58M | $26.44M |
| Operating Cash Flow | $46.60M | $11.74M | $14.06M | $-6.84M | $43.12M | $70.52M | $25.47M | $-32.96M | $6.41M | $-84.11M | $-77.40M | $54.21M | $-68.19M | $-84.71M | $2.86M | $5.36M | $26.33M | $59.35M | $47.12M | $-72.22M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $46.60M | $11.74M | $14.06M | $-6.84M | $43.12M | $70.52M | $25.47M | $-32.96M | $6.41M | $-84.11M | $-77.40M | $54.21M | $-68.19M | $-84.71M | $2.86M | $5.36M | $26.33M | $59.35M | $47.12M | $-72.22M |
TriplePoint Venture Growth BDC Dividends
Explore TriplePoint Venture Growth BDC's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
18.05%
Dividend Payout Ratio
162.55%
Dividend Paid & Capex Coverage Ratio
2.94x
TriplePoint Venture Growth BDC Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.3 | $0.3 | March 17, 2025 | March 17, 2025 | March 31, 2025 | March 05, 2025 |
| $0.3 | $0.3 | December 13, 2024 | December 13, 2024 | December 27, 2024 | November 06, 2024 |
| $0.3 | $0.3 | September 16, 2024 | September 16, 2024 | September 30, 2024 | August 07, 2024 |
| $0.4 | $0.4 | June 14, 2024 | June 14, 2024 | June 28, 2024 | May 01, 2024 |
| $0.4 | $0.4 | March 13, 2024 | March 14, 2024 | March 29, 2024 | February 27, 2024 |
| $0.4 | $0.4 | December 14, 2023 | December 15, 2023 | December 29, 2023 | October 26, 2023 |
| $0.4 | $0.4 | September 14, 2023 | September 15, 2023 | September 29, 2023 | July 26, 2023 |
| $0.4 | $0.4 | June 14, 2023 | June 15, 2023 | June 30, 2023 | April 26, 2023 |
| $0.4 | $0.4 | March 14, 2023 | March 15, 2023 | March 31, 2023 | March 01, 2023 |
| $0.1 | $0.1 | December 21, 2022 | December 22, 2022 | December 30, 2022 | December 12, 2022 |
| $0.37 | $0.37 | December 14, 2022 | December 15, 2022 | December 30, 2022 | October 28, 2022 |
| $0.36 | $0.36 | September 14, 2022 | September 15, 2022 | September 30, 2022 | July 27, 2022 |
| $0.36 | $0.36 | June 15, 2022 | June 16, 2022 | June 30, 2022 | May 04, 2022 |
| $0.36 | $0.36 | March 14, 2022 | March 15, 2022 | March 31, 2022 | February 22, 2022 |
| $0.36 | $0.36 | November 29, 2021 | November 30, 2021 | December 15, 2021 | October 29, 2021 |
| $0.36 | $0.36 | August 30, 2021 | August 31, 2021 | September 15, 2021 | August 04, 2021 |
| $0.36 | $0.36 | June 15, 2021 | June 16, 2021 | June 30, 2021 | May 05, 2021 |
| $0.36 | $0.36 | March 12, 2021 | March 15, 2021 | March 31, 2021 | February 24, 2021 |
| $0.1 | $0.1 | December 30, 2020 | December 31, 2020 | January 13, 2021 | December 21, 2020 |
| $0.36 | $0.36 | November 25, 2020 | November 27, 2020 | December 14, 2020 | November 05, 2020 |
TriplePoint Venture Growth BDC News
Read the latest news about TriplePoint Venture Growth BDC, including recent articles, headlines, and updates.
Dividend Power Dogs: 5 Ideal Safe Buys In April
Five top Dividend Power stocks with "safer" dividends include ZIM Integrated Shipping, FS KKR Capital, Mach Natural Resources, Saratoga Investment, and Golden Ocean. The Dividend Power strategy focuses on high earnings and dividend yields, creating a portfolio resilient in downturns and profitable in bull markets. Analysts project significant gains (49.51% to 140.25%) for the top ten Dividend Power stocks by April 2026, with an average net gain of 92.52%.
TriplePoint Venture Growth BDC Corp. Investment Grade Rating and Stable Outlook Confirmed by Morningstar DBRS
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (“TPVG” or the “Company”), a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced that DBRS, Inc. (“Morningstar DBRS”) has confirmed the Company's investment grade Long-Term Issuer Rating and Long-Term Senior Debt Rating of BBB (low). Morningstar DBRS issued a statement announcing the conf.
Buy 4 Ideal 'Safer' February Dividends, Out Of 40 Choices From Readers
Since May 2017, reader-selected dividend-paying stocks have been featured, with valuable reader feedback improving accuracy and direction. My Dogs of The Week portfolios are available for Dividend Dogcatcher subscribers, with detailed summaries and reference guides listed by date. I prioritize stocks whose dividends from $1K invested exceed their single share price, categorizing them as "cash rich" or "cash poor".
I'm Collecting A 17% Yield By Holding TriplePoint Venture
We love solid income generators, but we don't panic and run when one stumbles; we look to see improvements over the long run. TriplePoint Venture Growth BDC Corp. management has strung two good quarters together; let's dig into this most recent one. Income is a must for retirement; collect as much as you can.
Dividend Power Dogs: 3 Top Dividend Picks For March
Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for the top ten Dividend Power stocks by March 2026, with an average net gain of 77.96%.
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
TriplePoint Venture Growth: The Tide Hasn't Turned Yet
TriplePoint Venture Growth's high dividend yield of 16.3% is tempting, but its portfolio's resilience is questionable amid rising non-accruals and declining NAV. Despite reduced debt levels, TPVG's Q4 earnings disappointed with a net investment income of $0.32 per share, missing estimates. The portfolio's concentration in consumer products and services poses risks, especially with ongoing economic uncertainties and higher inflation.
TriplePoint Venture Growth: Is This 16% Yield A Red Flag?
TriplePoint Venture Growth reported weaker-than-expected Q4 earnings due to high non-accruals, leading to a 5.4% decline in net asset value in Q4'24. TPVG's 16% yield is still covered by net investment income, and I am maintaining a buy rating for now. TPVG trades at a 16% discount to NAV due to poor balance sheet quality, significantly underperforming rivals Hercules Capital and Horizon Technology Finance.
TriplePoint Venture Growth: When One Dividend Cut Is Not Enough
I've maintained a bearish stance on TriplePoint Venture Growth (TPVG) since May 2024; the stock has declined ~20% since then. TPVG's dividend is unsustainable despite a recent cut; another dividend reduction is likely this year due to ongoing financial headwinds. In this article I discuss in more details why I remain skeptical on TPVG.
9% Yields From Baby Bonds
Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds.
TriplePoint Venture Growth BDC Corp (TPVG) Q4 2024 Earnings Call Transcript
TriplePoint Venture Growth BDC Corp (NYSE:TPVG ) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Jim Labe – Chief Executive Officer and Chairman Sajal Srivastava – President and Chief Investment Officer Mike Wilhelms – Chief Financial Officer Conference Call Participants Crispin Love – Piper Sandler Brian McKenna – Citizens Casey Alexander – Compass Point Christopher Nolan – Ladenburg Thalmann Paul Johnson – KBW Operator Good afternoon, ladies and gentlemen. Welcome to the TriplePoint Venture Growth BDC Corp. Fourth Quarter 2024 Earnings Conference Call.
TriplePoint Venture Growth BDC Corp. Announces Fourth Quarter and Fiscal Year 2024 Financial Results
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024 and the declaration by its Board of Directors of its first quarter 2025 distribution of $0.30 per share.
TriplePoint Venture Growth BDC Corp. to Announce 2024 Fourth Quarter and Fiscal Year Financial Results on Wednesday, March 5, 2025
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it will release its financial results for its fourth quarter and fiscal year ended December 31, 2024 after market-close on Wednesday, March 5, 2025. James P. Labe, chief executive officer and chairman of the board, Saj.
TriplePoint Venture Growth: 15% Yield And Improving Conditions, But Far From Safe Pick
Since the moment, when I issued my first bearish article on TriplePoint Venture Growth, the BDC has underperformed the index by ~37%. Currently, TPVG trades at a 14% discount to NAV and offers, at least optically, covered dividend of ~15.5%. This seems like an interesting opportunity to reconsider the case.
5 BDC Investment Criteria And 3 Picks I'd Recommend For Retirees
As a BDC bull, I've to admit that most BDCs are not good enough for being included in a durable retirement/passive income portfolio. In the article I share 5 specific criteria that we have to comply with to minimize dividend cut risk. I also share 3 concrete BDC picks, which I could easily see being included in the retirement income mix.
TriplePoint Venture Growth: The Tide May Have Turned (Upgrade)
TriplePoint Venture Growth BDC had a challenging 2024, with a high non-accrual ratio and significant realized losses impacting its stock value and net asset value. Despite these issues, recent improvements in non-accruals and a dividend reset have provided some relief, making TPVG a potential buying opportunity. The tech-focused BDC sector, including competitors like Hercules Capital and Horizon Technology Finance, benefits from a strong capital markets environment, enhancing equity-driven returns.
TriplePoint Venture Growth BDC Corp. Names Mike L. Wilhelms as Chief Financial Officer
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company” or “TPVG”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced the appointment of Mike L. Wilhelms as Chief Financial Officer (CFO) of the Company, effective as of January 6, 2025. Mr. Wilhelms will also serve as CFO of TriplePoint Capital LLC (TPC), TPVG's sponsor, an.
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
TriplePoint Venture Growth: Is The 15% Dividend Yield Sustainable?
TriplePoint Venture Growth's 17% dividend yield may be enticing for some investors. They out-earned the upcoming dividend this month with room to spare. I suspect the 17% TPVG yield will remain covered for at least the near term, but I'm still not a buyer.
BDC Weekly Review: Key Q3 Earnings Trends
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.
Investing In BDCs For 10%+ Yields? This Is What Matters Now
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open.
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end.
TriplePoint Venture Growth: Inflection Point (Rating Upgrade)
TriplePoint Venture Growth saw a significant breakout after Q3 results, driven by a major decline in its non-accrual percentage, improving portfolio quality. The BDC's net investment income of $0.35 per-share implied a dividend coverage ratio of 1.17X for its $0.30 dividend. Compared to Q2'24, the coverage situation drastically improved. Improved loan performance and reduced non-accruals have flipped TPVG's risk profile, justifying an upgrade to a buy rating.
TriplePoint Venture Growth: The Worst May Be Over (Rating Upgrade)
I initially issued a sell rating on TriplePoint Venture Growth due to weak net investment income and questionable distribution coverage, but recent Q3 earnings show improvement. TPVG's portfolio strategy focuses on lending to venture capital-backed companies, with a diverse debt portfolio, but remains vulnerable to interest rates. The current dividend yield of 17.6% is attractive for income investors but comes with additional risks compared to peer BDCs.
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