TPG RE Finance Trust financials
$6.34+0.16%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.1M | $8.3M | $7.8M | $8.0M | $8.2M | $10.3M | $7.5M | $7.7M | $8.3M | $7.2M | $4.3M | $2.0M |
| Gross profit | $9.1M | $8.3M | $7.8M | $8.0M | $8.2M | $10.3M | $7.5M | $7.7M | $8.3M | $7.2M | $4.3M | $2.0M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$8.1M | -$10.0M | -$11.9M | -$10.4M | -$12.4M | -$13.0M | -$12.1M | -$10.5M | -$10.7M | -$14.6M | -$27.8M | -$86.2M |
| Net income | $9.4M | $15.2M | $189.0K | $18.4M | $16.9M | $10.0M | $6.9M | $18.7M | $21.0M | $13.1M | $2.6M | -$64.6M |
| Net margin | 103.0% | 183.0% | 2.4% | 231.9% | 205.1% | 96.9% | 91.7% | 243.8% | 253.9% | 180.8% | 61.6% | −3187.2% |
| Diluted EPS | $0.12 | $0.19 | $0.00 | $0.23 | $0.21 | $0.12 | $0.09 | $0.23 | $0.26 | $0.17 | $0.03 | $-0.83 |
| EBITDA | -$5.5M | -$7.4M | -$9.3M | -$7.7M | -$9.0M | -$9.0M | -$7.9M | -$7.1M | -$6.5M | -$10.4M | -$27.8M | -$85.0M |
| Operating cash flow | $21.6M | $24.6M | $24.7M | $21.8M | $24.7M | $19.1M | $25.5M | $23.7M | $25.6M | $37.4M | $23.2M | $26.1M |
| Free cash flow | $21.6M | $24.6M | $24.7M | $21.8M | $24.7M | $19.1M | $25.5M | $23.7M | $25.6M | $37.4M | $23.2M | $26.1M |
| Diluted shares | 78.0M | 79.1M | 77.0M | 78.8M | 80.2M | 81.8M | 79.4M | 81.4M | 80.9M | 77.9M | 77.1M | 77.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $65.6M | $92.0M | $87.6M | $93.6M | $165.8M | $363.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $3.51B | $3.36B | $3.29B | $2.94B | $3.03B | $2.82B |
| Total assets | $4.60B | $4.47B | $4.41B | $4.06B | $4.16B | $3.96B |
| Total liabilities | $3.55B | $3.41B | $3.34B | $2.98B | $3.07B | $2.86B |
| Shareholders' equity | $1.04B | $1.06B | $1.07B | $1.08B | $1.09B | $1.10B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology