TPG RE Finance Trust financials
$6.34+0.16%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.3M | $30.7M | $7.8M | $0.00 | $0.00 | — | — | — | — |
| Gross profit | $34.3M | $30.7M | $7.8M | $0.00 | $0.00 | — | — | — | — |
| Gross margin | 100.0% | 100.0% | 100.0% | — | — | — | — | — | — |
| Operating income | -$44.3M | -$43.5M | -$42.0M | -$212.6M | -$31.8M | -$110.1M | -$39.8M | -$33.6M | -$27.8M |
| Net income | $45.5M | $59.7M | -$130.9M | -$73.6M | $70.7M | -$155.5M | $125.6M | $106.7M | $94.3M |
| Net margin | 132.8% | 194.4% | −1672.1% | — | — | — | — | — | — |
| Diluted EPS | $0.57 | $0.75 | $-1.69 | $-0.95 | $0.87 | $-2.03 | $1.73 | $1.70 | $1.74 |
| EBITDA | -$31.5M | -$27.5M | -$38.5M | -$212.6M | -$31.8M | -$110.1M | -$39.8M | -$33.6M | -$27.8M |
| Operating cash flow | $90.4M | $112.1M | $80.1M | $100.5M | $132.2M | $132.1M | $121.7M | $107.7M | $91.2M |
| Free cash flow | $90.4M | $112.1M | $80.1M | $100.5M | $132.2M | — | — | — | — |
| Diluted shares | 79.4M | 79.9M | 77.6M | 77.3M | 81.7M | 76.7M | 72.7M | 63.0M | 54.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $87.6M | $190.2M | $206.4M | $254.1M | $260.6M | $319.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $3.29B | $2.57B | $3.05B | $1.16B | $3.71B | $3.39B |
| Total assets | $4.41B | $3.73B | $4.21B | $5.55B | $5.22B | $4.91B |
| Total liabilities | $3.34B | $2.62B | $3.09B | $4.22B | $3.75B | $3.44B |
| Shareholders' equity | $1.07B | $1.11B | $1.12B | $1.32B | $1.46B | $1.47B |
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