TPG RE Finance Trust (TRTX) Cash & Current Investments (2016 - 2026)
TPG RE Finance Trust's Cash & Current Investments was $70.81 million in Q2 2026, down 57.8% from $167.68 million a year earlier and down 23.0% from the prior quarter.
Powered by 
Analysis
TPG RE Finance Trust (TRTX) Cash & Current Investments (2016 - 2026) Analysis & Trends
At the end of FY2025, Cash & Current Investments at TPG RE Finance Trust came in at $91.59 million, down 51.8% from FY2024.
- Cash & Current Investments has now declined for three consecutive years, with a five-year compound annual growth rate of -22.1% (FY2020 to FY2025).
- In earlier years, Cash & Current Investments was $190.2 million in FY2024 (-58.1%), $453.63 million in FY2023 (-17.7%), $551.27 million in FY2022 (+111.3%) and $260.84 million in FY2021 (-18.4%).
- The Q2 2026 figure marks the lowest quarterly Cash & Current Investments since Q2 2019.
- Compared with a year earlier, Cash & Current Investments has declined for five straight quarters, with an average decline of 38.6% over the last eight quarters.
- The best year-over-year quarter for Cash & Current Investments over five years was Q4 2022 (growth of 111.3%); the worst was Q1 2026 (a decline of 78.7%).
- Per Business Quant data, TRTX's Cash & Current Investments in the three quarters before Q2 2026 was $92 million (Q1 2026), $91.59 million (Q4 2025) and $137.83 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Current Investments (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.94 Bn | 29.62 Bn | - | 3.10 Bn |
| 2 | Orix | 41.70 Bn | 42.20 Bn | - | - |
| 3 | Royalty Pharma | 32.87 Bn | 32.78 Bn | - | 836.99 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | - |
| 5 | Affirm Holdings | 23.86 Bn | 17.55 Bn | - | 1.63 Bn |
| 6 | Synchrony Financial | 23.33 Bn | -44.64 Bn | - | 16.19 Bn |
| 7 | Royal Gold | 19.87 Bn | 19.09 Bn | 390.45 Mn | 182.47 Mn |
| 8 | Annaly Capital Management | 13.89 Bn | 4.98 Bn | - | 2.91 Bn |
| 9 | Ares Capital | 13.54 Bn | 10.98 Bn | - | 383.00 Mn |
| 10 | TPG RE Finance Trust | 472.69 Mn | 80.46 Mn | - | 70.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.81 Mn |
| Mar 31, 2026 | 92.00 Mn |
| Dec 31, 2025 | 91.59 Mn |
| Sep 30, 2025 | 137.83 Mn |
| Jun 30, 2025 | 167.68 Mn |
| Mar 31, 2025 | 432.17 Mn |
| Dec 31, 2024 | 190.20 Mn |
| Sep 30, 2024 | 226.32 Mn |
| Jun 30, 2024 | 259.24 Mn |
| Mar 31, 2024 | 254.10 Mn |
| Dec 31, 2023 | 453.63 Mn |
| Sep 30, 2023 | 539.82 Mn |
| Jun 30, 2023 | 501.50 Mn |
| Mar 31, 2023 | 529.24 Mn |
| Dec 31, 2022 | 551.27 Mn |
| Sep 30, 2022 | 522.72 Mn |
| Jun 30, 2022 | 486.91 Mn |
| Mar 31, 2022 | 352.68 Mn |
| Dec 31, 2021 | 260.84 Mn |
| Sep 30, 2021 | 276.80 Mn |
API Access
TPG RE Finance Trust Cash & Current Investments 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=cash-and-current-investments&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-current-investments", "ticker": "TRTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-current-investments&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();