Triplepoint Venture Growth BDC

TriplePoint Venture Growth BDC Corp. (the “Company”) is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. It was formed to expand the venture growth stage business segment of its sponsor, TriplePoint Capital LLC (“TriplePoint Capital”). The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries backed by a select group of leading venture capital investors.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

TriplePoint Venture Growth BDC Corp. reports steady performance amidst market shifts

TriplePoint Venture Growth BDC Corp. showed resilience and progress in Q2 2024, focusing on managing market shifts and enhancing financial stability.
While challenges persist in the venture capital landscape and market volatility, TPVG's strategic initiatives position it well for future growth.
With a focus on reducing leverage, improving liquidity, and making new commitments, TPVG is poised to capitalize on opportunities in diverse sectors.

TriplePoint Venture Growth BDC (TPVG) reports solid Q3 performance

TriplePoint Venture Growth BDC (TPVG) navigated Q3 2024 with resilience, capitalizing on its strong financial performance and strategic portfolio management. While facing market challenges, TPVG's cautious approach and focus on diverse investment sectors position it well for future growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

TriplePoint Venture Growth BDC Corp. Names Mike L. Wilhelms as Chief Financial Officer

AllianceBernstein Hld

Arbor Realty Trust

Ares Commercial Real Estate

Apollo Global Management

Ares Management

Apollo Commercial Real Estate Finance

Brandywine Realty

Franklin Resources

Brookfield Corp

Capitol Federal Financial

TCG BDC

Community Healthcare Trust

CION Investment Corp

Clipper Realty

Capital Southwest

CTO Realty Growth

Euronet Worldwide

Equifax

Eagle Bancorp

Flushing Financial

Fair Isaac

Flagstar Financial Inc

Guidewire Software

Robinhood

Interactive Brokers

Invesco Mortgage Capital

Janus Henderson Group

Jackson Financial

KeyCorp

Kilroy Realty

KKR Real Estate Finance Trust

Kearny Financial

Lazard

Main Street Capital

New Mountain Finance

NexPoint Diversified Real Estate Trust

Oaktree Specialty Lending

Orchid Island Capital

Blue Owl Capital

Paymentus Holdings

Payoneer Global

PennantPark Floating Rate Capital

Park Hotels & Resorts

PennyMac Mortgage Investment

Prospect Capital

Q2 Hld

Remitly Global

Runway Growth Finance Corp

SEI Investments

Stifel Financial

State Street

TPG RE Finance Trust

TransUnion

Tradeweb Markets

Upstart Holdings

Virtu Financial

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.

KBW Announces Index Rebalancing for Fourth-Quarter 2024

AGNC Investment

Ares Capital

ARMOUR Residential REIT

Blackstone Mortgage Trust

Chimera Investment

Dynex Capital

Ellington Financial

Franklin BSP Realty Trust Inc

Gladstone Investment

MidCap Financial Investment Corp

Annaly Capital

Ready Capital Corp

Rithm Capital Corp

Two Harbors Investment

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.

Huge Yields, Brief Notes

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.

TriplePoint Venture Growth: Is The 15% Dividend Yield Sustainable?

Solar Capital

BDCs are set to continue selling off as rates resume getting cut. We review two BDCs that are ahead of peers in that they benefit from falling rates. Don't neglect income in your portfolio.

2 Hidden Opportunities For Up To 14% Yields

Barings BDC Inc

Bain Capital Specialty Finance Inc

Goldman Sachs BDC

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.

BDC Weekly Review: Key Q3 Earnings Trends

No retirement portfolio can be totally "hands off." Some work will be required to maintain success. I am collecting income, but not piling deeper into this company. We look at why I'm not selling out, but not buying hand over fist.

Hold This 15% Yield For Big Income: TriplePoint Venture

VanEck Vectors BDC Income ETF

Blackstone Secured Lending Fund

Fidus Investment

FS KKR Capital Corp

Morgan Stanley Direct Lending Fund

Blue Owl Capital Corp

TCP Capital

Sixth Street Specialty Lending

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.

Investing In BDCs For 10%+ Yields? This Is What Matters Now

Horizon Technology Finance

Blue Owl Capital Corp III

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.

BDC Weekly Review: Tax-Loss Season Is Approaching

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: Inflection Point (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.

TriplePoint Venture Growth: The Worst May Be Over (Rating Upgrade)

TriplePoint Venture Growth (TPVG) Q3 2024 Earnings Call Transcript

TriplePoint Venture Growth (TPVG) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.54 per share a year ago.

TriplePoint Venture Growth (TPVG) Beats Q3 Earnings and Revenue Estimates

MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), 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 its financial results for the third quarter ended September 30, 2024 and the declaration by its Board of Directors of its fourth quarter 2024 distribution of $0.30 per share. Third Quart.

TriplePoint Venture Growth BDC Corp. Announces Third Quarter 2024 Financial Results

MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), 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 it will release its financial results for its third quarter ended September 30, 2024 after market-close on Wednesday, November 6, 2024. James P. Labe, chief executive officer and chairman of the board, Sajal K. Sriva.

TriplePoint Venture Growth BDC Corp. to Announce 2024 Third Quarter Financial Results on Wednesday, November 6, 2024

Eagle Point Credit

Enterprise Products Partners

Generation Income Properties

NextEra Energy

Oxford Lane Capital

Pfizer

Sirius XM Holdings Inc

Presidio Property Trust

STAG Industrial

Trinity Capital

Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising dividend stocks, using a contrarian investing strategy, primarily for new buyers seeking high-yield opportunities. Reader feedback is crucial for correcting errors and refining strategies, including suggestions for buy-and-hold stocks and option strategies for monthly dividends.

Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks

TriplePoint Venture Growth had, and perhaps still has, major issues. One new insider stepped up to buy more shares. We assess the ruins and tell you why we are giving this an upgrade.

TriplePoint Venture: Upgrading The 18% Yielder Ahead Of Q3 Results

TriplePoint Venture Growth offers a high dividend yield but has a risky portfolio and poor net asset value performance, making it a less attractive investment. TriplePoint focuses on tech and venture growth stage companies, which increases potential returns but also elevates risks, especially in a high-interest-rate environment. The company's net asset value has declined consistently, and its high non-accruals and writedowns suggest ongoing financial issues within its portfolio.

TriplePoint Venture Growth: Stay Away From This 17% Yield (Rating Downgrade)

BrightSpire Capital

Fortitude Gold Corp

Global Net Lease

New York Mortgage Trust

24/7 Wall St. Insights With rates now officially heading lower, ultra-high-yield stocks will be in big demand.

5 New Stocks Under $10 That Pay Huge Ultra-Yield Dividends of 10% and More

News for Triplepoint Venture Growth BDC ETF (TPVG)