TriplePoint Venture Growth BDC (TPVG) Net Margin (2021 - 2026)
TriplePoint Venture Growth BDC's Net Margin was -8.50% in Q3 2026, down 75.73 percentage points from 67.24% a year earlier and down 56.67 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 26.50% through Sep 30, 2026, down 9.52 percentage points year-over-year; for FY2025, it came in at 54.12%, up 24.62 percentage points from FY2024.
- Net Margin shows a five-year change of +15.40 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 29.49% in FY2024 (+58.46 pp), -28.96% in FY2023 (-12.16 pp), -16.81% in FY2022 (-104.41 pp) and 87.60% in FY2021 (+48.88 pp).
- The Q3 2026 figure marks the lowest quarterly Net Margin since Q4 2024.
- Compared with a year earlier, Net Margin has declined for three straight quarters, with an average year-over-year change of +5.70 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q2 2024 (a gain of 91.12 percentage points); the worst was Q3 2022 (a drop of 181.61 percentage points).
- Per Business Quant data, TPVG's Net Margin in the three quarters before Q3 2026 was 48.17% (Q2 2026), 27.05% (Q1 2026) and 35.99% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | 21.59% |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | 20.96% |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | 25.03% |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | 12.38% |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | 48.93% |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | 13.01% |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | 17.58% |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | -121.54% |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | 41.81% |
| 10 | TriplePoint Venture Growth BDC | 167.05 Mn | 106.50 Mn | - | -8.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -8.50% |
| Jun 30, 2026 | 48.17% |
| Mar 31, 2026 | 27.05% |
| Dec 31, 2025 | 35.99% |
| Sep 30, 2025 | 67.24% |
| Jun 30, 2025 | 56.60% |
| Mar 31, 2025 | 56.51% |
| Dec 31, 2024 | -27.89% |
| Sep 30, 2024 | 85.36% |
| Jun 30, 2024 | 31.79% |
| Mar 31, 2024 | 27.26% |
| Dec 31, 2023 | -87.33% |
| Sep 30, 2023 | 6.01% |
| Jun 30, 2023 | -59.33% |
| Mar 31, 2023 | 22.83% |
| Dec 31, 2022 | -33.75% |
| Sep 30, 2022 | 1.45% |
| Jun 30, 2022 | -52.55% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 53.55% |
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();