TriplePoint Venture Growth BDC (TPVG) Operating Expenses (2021 - 2026)
TriplePoint Venture Growth BDC (TPVG) posted Operating Expenses of $13.2 million for Q1 2026, down 26.23% sequentially from $17.9 million in Q4 2025, and up 16.83% YoY from $11.3 million in Q1 2025.
TriplePoint Venture Growth BDC (TPVG) Operating Expenses (2021 - 2026) Analysis & Trends
TriplePoint Venture Growth BDC has reported Operating Expenses for 6 years, with the latest figure at $13.2 million in Q1 2026.
- Quarterly Operating Expenses rose 16.83% year-over-year to $13.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $58.8 million (up 13.81% YoY) and the FY2025 annual result came in at $54.0 million, changed 0.23% from the prior year.
- Operating Expenses slipped to $13.2 million in Q1 2026 per TPVG's latest filing, from $17.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $17.9 million in Q4 2025 and troughed at $11.3 million in Q1 2025.
- A 5-year average of $14.3 million and a median of $14.4 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses dropped 23.47% in 2024, then soared 36.55% in 2025.
- Over 5 years, Operating Expenses stood at $14.5 million in 2022, then increased by 8.52% to $15.7 million in 2023, then declined by 16.37% to $13.1 million in 2024, then jumped by 36.55% to $17.9 million in 2025, then dropped by 26.23% to $13.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $13.2 million, $17.9 million, and $14.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | TriplePoint Venture Growth BDC | 217.62 Mn | 217.62 Mn | - | 14.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.95 Mn |
| Mar 31, 2026 | 13.21 Mn |
| Dec 31, 2025 | 17.91 Mn |
| Sep 30, 2025 | 14.41 Mn |
| Jun 30, 2025 | 13.26 Mn |
| Mar 31, 2025 | 11.31 Mn |
| Dec 31, 2024 | 13.12 Mn |
| Sep 30, 2024 | 12.73 Mn |
| Jun 30, 2024 | 14.50 Mn |
| Mar 31, 2024 | 13.75 Mn |
| Dec 31, 2023 | 15.69 Mn |
| Sep 30, 2023 | 16.63 Mn |
| Jun 30, 2023 | 16.31 Mn |
| Mar 31, 2023 | 15.05 Mn |
| Dec 31, 2022 | 14.46 Mn |
| Sep 30, 2022 | 12.84 Mn |
| Jun 30, 2022 | 14.77 Mn |
| Mar 31, 2022 | 13.80 Mn |
| Dec 31, 2021 | 12.96 Mn |
| Sep 30, 2021 | 11.34 Mn |