<span item_type="fundamental" item_id="fa23a53b3f96d925e4339726f82bc803" counter_id="ST/US/TPVG" env="prod"></span><span item_type="announcement" item_id="513569828638622337" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 22.45 M, missing the estimate of USD 24.9 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 0.32, beating the estimate of USD 0.3051.</p><p></p><h3>Net Investment Income</h3><p>Net investment income for the first quarter of 2025 was $10.7 million, or $0.27 per share, compared to $15.5 million, or $0.41 per share, for the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span></p><h3>Net Assets</h3><p>Net increase in net assets resulting from operations was $12.7 million, or $0.32 per share, for the first quarter of 2025, compared to $8.0 million, or $0.21 per share, for the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span></p><h3>Portfolio Yield</h3><p>The weighted average annualized portfolio yield on debt investments for the first quarter of 2025 was 14.4%, compared to 15.4% for the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span></p><h3>Operating Expenses</h3><p>Operating expenses for the first quarter of 2025 were $11.7 million, compared to $13.8 million for the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span></p><h3>Cash Flow and Liquidity</h3><p>Total liquidity as of March 31, 2025, was $336.7 million, consisting of cash, cash equivalents, and restricted cash of $41.7 million and available capacity under its Revolving Credit Facility of $295.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span></p><h3>Debt and Equity Investments</h3><p>Funded $27.7 million in debt investments to five portfolio companies with a 13.3% weighted average annualized yield at origination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span> Realized gain of $2.3 million from the secondary sale of equity shares in Revolut Ltd; remaining warrant and equity shares with a fair value of $34.4 million as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span></p><h3>Outlook / Guidance</h3><p>The company continues to capitalize on attractive lending opportunities with high-quality venture growth stage companies, particularly in sectors such as AI and enterprise software.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span> TPVG is positioned to leverage its strong liquidity and financial flexibility to grow its portfolio selectively and disciplined, mindful of the market environment.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span> There is strong demand for debt financing from venture growth stage companies, as demonstrated by fundings to date in Q2.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1580345/000158034525000017/tpvgq12025earningsrelease.htm"></span></p>

Triplepoint Venture Growth BDC | 8-K: FY2025 Q1 Revenue Misses Estimate at USD 22.45 M