TPG RE Finance Trust (TRTX) Revenue (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Revenue came in at -$14.5 million in Q2 2026, down 108.15% on a YoY basis from $177.3 million in Q2 2025, and down 138.74% quarter-over-quarter from $37.3 million in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Revenue (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Revenue for 11 consecutive years, with -$14.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Revenue fell 108.15% year-over-year to -$14.5 million; the trailing twelve-month figure through Jun 2026 stood at $7.1 million (up 810.65% YoY), and the FY2025 full-year result was $146.1 million, down 4.57% from the prior year.
- Revenue eased to -$14.5 million in Q2 2026 per TRTX's latest filing, from $37.3 million in the prior quarter.
- Across five years, Revenue topped out at $66.5 million in Q4 2022 and bottomed at -$113.5 million in Q3 2023.
- Historically, Revenue has averaged $6.1 million across 5 years, with a median of $31.6 million in 2022.
- The sharpest annual moves came in 2023 and 2024: Revenue plunged 457.2% in 2023, then jumped 56.96% in 2024.
- Over 5 years, Revenue stood at $66.5 million in 2022, then slumped by 52.63% to $31.5 million in 2023, then grew by 10.33% to $34.7 million in 2024, then gained by 0.87% to $35.0 million in 2025, then plunged by 141.25% to -$14.5 million in 2026.
- According to Business Quant data, Revenue over the past three periods registered -$14.5 million, $37.3 million, and $35.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 513.67 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | -203.52 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 123.13 Mn |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | -14.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.45 Mn |
| Mar 31, 2026 | 37.31 Mn |
| Dec 31, 2025 | 35.04 Mn |
| Sep 30, 2025 | -50.83 Mn |
| Jun 30, 2025 | -6.94 Mn |
| Mar 31, 2025 | 37.03 Mn |
| Dec 31, 2024 | 34.74 Mn |
| Sep 30, 2024 | -65.82 Mn |
| Jun 30, 2024 | -16.08 Mn |
| Mar 31, 2024 | 38.93 Mn |
| Dec 31, 2023 | 31.49 Mn |
| Sep 30, 2023 | -113.54 Mn |
| Jun 30, 2023 | -37.36 Mn |
| Mar 31, 2023 | 25.26 Mn |
| Dec 31, 2022 | 66.47 Mn |
| Sep 30, 2022 | 31.79 Mn |
| Jun 30, 2022 | 38.64 Mn |
| Mar 31, 2022 | 38.53 Mn |
| Dec 31, 2021 | 46.52 Mn |
| Sep 30, 2021 | 39.10 Mn |