TPG RE Finance Trust (TRTX) Cash & Equivalents (2016 - 2026)
TPG RE Finance Trust's Cash & Equivalents came in at $65.6 million for Q2 2026, down 60.5% from $165.9 million a year earlier and down 28.7% from the prior quarter.
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Analysis
TPG RE Finance Trust (TRTX) Cash & Equivalents (2016 - 2026) Analysis & Trends
At the end of FY2025, TPG RE Finance Trust's Cash & Equivalents was $87.61 million, down 53.9% from FY2024.
- Cash & Equivalents has declined in each of the last five years, with a five-year compound annual growth rate of -22.8% (FY2020 to FY2025).
- Going back by year, Cash & Equivalents was $190.2 million in FY2024 (-7.8%), $206.4 million in FY2023 (-18.8%), $254.1 million in FY2022 (-2.5%) and $260.64 million in FY2021 (-18.5%).
- The Q2 2026 figure represents the lowest quarterly Cash & Equivalents since Q1 2019.
- Year-over-year, Cash & Equivalents has declined for five consecutive quarters, with an average decline of 29.7% over the last eight quarters.
- The fastest year-over-year change in Cash & Equivalents over five years came in Q1 2025 (growth of 78.7%), and the weakest in Q1 2026 (a decline of 74.7%).
- Business Quant data shows TRTX's Cash & Equivalents at $92 million (Q1 2026), $87.61 million (Q4 2025) and $93.6 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 44.95 Bn | 30.63 Bn | - | 3.10 Bn |
| 2 | Orix | 41.97 Bn | 42.47 Bn | - | 6.08 Bn |
| 3 | Royalty Pharma | 33.14 Bn | 33.05 Bn | - | 811.99 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.99 Bn | 24.99 Bn | - | - |
| 5 | Affirm Holdings | 23.75 Bn | 17.44 Bn | - | 1.63 Bn |
| 6 | Synchrony Financial | 23.25 Bn | -44.72 Bn | - | 16.19 Bn |
| 7 | Royal Gold | 19.67 Bn | 18.90 Bn | 390.45 Mn | 182.47 Mn |
| 8 | Annaly Capital Management | 14.04 Bn | 5.13 Bn | - | 2.91 Bn |
| 9 | Ares Capital | 13.76 Bn | 11.19 Bn | - | 383.00 Mn |
| 10 | TPG RE Finance Trust | 488.09 Mn | 95.86 Mn | - | 65.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.60 Mn |
| Mar 31, 2026 | 92.00 Mn |
| Dec 31, 2025 | 87.61 Mn |
| Sep 30, 2025 | 93.60 Mn |
| Jun 30, 2025 | 165.90 Mn |
| Mar 31, 2025 | 363.02 Mn |
| Dec 31, 2024 | 190.20 Mn |
| Sep 30, 2024 | 226.32 Mn |
| Jun 30, 2024 | 259.24 Mn |
| Mar 31, 2024 | 203.10 Mn |
| Dec 31, 2023 | 206.40 Mn |
| Sep 30, 2023 | 302.30 Mn |
| Jun 30, 2023 | 307.45 Mn |
| Mar 31, 2023 | 161.52 Mn |
| Dec 31, 2022 | 254.10 Mn |
| Sep 30, 2022 | 236.10 Mn |
| Jun 30, 2022 | 356.00 Mn |
| Mar 31, 2022 | 352.42 Mn |
| Dec 31, 2021 | 260.64 Mn |
| Sep 30, 2021 | 269.93 Mn |
API Access
TPG RE Finance Trust Cash & Equivalents 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-equivalents&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "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-equivalents&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();