TPG RE Finance Trust (TRTX) Revenue (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Revenue came in at $37.3 million in Q1 2026, up 0.75% year-on-year from $37.0 million in Q1 2025, and down 1.29% quarter-over-quarter from $37.8 million in Q4 2025.
TPG RE Finance Trust (TRTX) Revenue (2016 - 2026) Analysis & Trends
TPG RE Finance Trust's Revenue history runs 11 years deep, the most recent figure standing at $37.3 million for Q1 2026.
- On a quarterly basis, Revenue rose 0.75% year-over-year to $37.3 million in Q1 2026; TTM through Mar 2026 was $149.1 million, a 2.38% decrease from a year earlier, with the FY2025 full-year figure at $146.1 million, down 4.57% from the prior year.
- Revenue eased to $37.3 million in Q1 2026 per TRTX's latest filing, from $37.8 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.
- The 5-year median for Revenue is $37.3 million (2026), against an average of $25.0 million.
- Across the five-year window, Revenue tumbled 457.2% in 2023 and jumped 205.21% in 2024, its largest moves.
- Year by year, Revenue stood at $66.5 million in 2022, then decreased by 15.61% to $56.1 million in 2023, then sank by 35.29% to $36.3 million in 2024, then rose by 4.12% to $37.8 million in 2025, then dropped by 1.29% to $37.3 million in 2026.
- Per Business Quant, the three latest TRTX Revenue figures stand at $37.3 million (Q1 2026), $37.8 million (Q4 2025), and $37.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | - |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 512.46 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 1.38 Bn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | -116.38 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 162.14 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | - |
| 10 | TPG RE Finance Trust | 664.36 Mn | 572.36 Mn | - | 37.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.31 Mn |
| Dec 31, 2025 | 37.80 Mn |
| Sep 30, 2025 | 37.84 Mn |
| Jun 30, 2025 | 36.20 Mn |
| Mar 31, 2025 | 37.03 Mn |
| Dec 31, 2024 | 36.30 Mn |
| Sep 30, 2024 | 40.15 Mn |
| Jun 30, 2024 | 39.30 Mn |
| Mar 31, 2024 | 38.93 Mn |
| Dec 31, 2023 | 56.09 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 | 16.14 Mn |
| Mar 31, 2022 | 38.53 Mn |
| Dec 31, 2021 | 46.52 Mn |
| Sep 30, 2021 | 39.10 Mn |
| Jun 30, 2021 | 40.06 Mn |