TriplePoint Venture Growth BDC (TPVG) Net Margin (2021 - 2026)
TriplePoint Venture Growth BDC's Net Margin was 76.92% in Q2 2026, up 0.70 percentage points from 76.23% a year earlier and up 36.27 percentage points from the prior quarter.
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Analysis
TriplePoint Venture Growth BDC (TPVG) Net Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, TriplePoint Venture Growth BDC's Net Margin was 65.09% through Jun 30, 2026, up 7.87 percentage points year-over-year; for FY2025, it came in at 73.99%, up 33.95 percentage points from FY2024.
- Net Margin shows a five-year change of +28.08 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 40.04% in FY2024 (+78.69 pp), -38.65% in FY2023 (-17.60 pp), -21.05% in FY2022 (-125.05 pp) and 104.00% in FY2021 (+58.09 pp).
- Quarterly Net Margin has moved between -114.91% (Q4 2023) and 199.96% (Q3 2021) over five years.
- Compared with a year earlier, Net Margin was higher in six of the last eight quarters, with an average year-over-year change of +35.85 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q2 2024 (a gain of 126.51 percentage points); the worst was Q3 2022 (a drop of 198.07 percentage points).
- Per Business Quant data, TPVG's Net Margin in the three quarters before Q2 2026 was 40.65% (Q1 2026), 49.60% (Q4 2025) and 93.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 8.26% |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 32.04% |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 2.65% |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.02% |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 138.65% |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 18.21% |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 52.47% |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | TriplePoint Venture Growth BDC | 197.04 Mn | 197.04 Mn | - | 76.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.92% |
| Mar 31, 2026 | 40.65% |
| Dec 31, 2025 | 49.60% |
| Sep 30, 2025 | 93.24% |
| Jun 30, 2025 | 76.23% |
| Mar 31, 2025 | 76.77% |
| Dec 31, 2024 | -38.61% |
| Sep 30, 2024 | 114.41% |
| Jun 30, 2024 | 45.54% |
| Mar 31, 2024 | 35.13% |
| Dec 31, 2023 | -114.91% |
| Sep 30, 2023 | 7.83% |
| Jun 30, 2023 | -80.97% |
| Mar 31, 2023 | 30.98% |
| Dec 31, 2022 | -43.57% |
| Sep 30, 2022 | 1.88% |
| Jun 30, 2022 | -66.31% |
| Mar 31, 2022 | 24.15% |
| Dec 31, 2021 | 64.88% |
| Sep 30, 2021 | 199.96% |
API Access
TriplePoint Venture Growth BDC Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=TPVG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TPVG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TPVG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();