TriplePoint Venture Growth BDC (TPVG) Operating Expenses (2021 - 2026)
TriplePoint Venture Growth BDC (TPVG) reported Operating Expenses of $13.2 million for Q1 2026, up 16.83% on a YoY basis from $11.3 million in Q1 2025, and down 26.23% sequentially from $17.9 million in Q4 2025.
TriplePoint Venture Growth BDC (TPVG) Operating Expenses (2021 - 2026) Analysis & Trends
TriplePoint Venture Growth BDC (TPVG) has 6 years of Operating Expenses data on file, last reported at $13.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 16.83% year-over-year to $13.2 million; the trailing twelve-month figure through Mar 2026 stood at $58.8 million (up 13.81% YoY), and the FY2025 full-year result was $54.0 million, changed 0.23% from the prior year.
- Operating Expenses slipped to $13.2 million in Q1 2026, from $17.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $17.9 million in Q4 2025 to a low of $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.
- Across the five-year window, Operating Expenses decreased 23.47% in 2024 and jumped 36.55% in 2025, its largest moves.
- Tracing TPVG's Operating Expenses over 5 years: stood at $14.5 million in 2022, then advanced by 8.52% to $15.7 million in 2023, then decreased by 16.37% to $13.1 million in 2024, then jumped by 36.55% to $17.9 million in 2025, then retreated by 26.23% to $13.2 million in 2026.
- Business Quant data shows TPVG's Operating Expenses at $13.2 million in Q1 2026, $17.9 million in Q4 2025, and $14.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | TriplePoint Venture Growth BDC | 179.38 Mn | 179.38 Mn | - | 13.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |