TPG RE Finance Trust TRTX
NYSE TRTX
$7.72 -0.16 (-2.09%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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