NYSE$TPVG

TriplePoint Venture Growth BDC Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

TriplePoint's financial performance was announced for Q1 2024, featuring a net investment income of $0.41 per share and a portfolio yield of 15.4% on debt investments.

TriplePoint Venture Growth BDC Corp. reported a net investment income of $15.5 million, or $0.41 per share, and a weighted average portfolio yield on debt investments of 15.4% for the first quarter of 2024. The company's board of directors declared a second quarter distribution of $0.40 per share.

  • Signed $130.5 million of term sheets and closed $10.0 million of new debt commitments.
  • Funded $13.5 million in debt investments with a 14.3% weighted average annualized yield at origination.
  • Received $30.8 million of loan principal prepayments.
  • Earned net investment income of $15.5 million, or $0.41 per share.

Headline financials

Total Revenue

$7.01M

Previous: $18.5M-62.2%
EPS

$0.41

Previous: $0.53-22.6%
Net Asset Value

$8.61

Previous: $11.69-26.3%
Portfolio Yield on Debt

15.4%

Previous: 14.7%+4.8%
Free Cash Flow

$7.98M

Previous: $14.8M-46.2%
Net Income

$7.98M

Previous: $14.8M-46.2%
Operating Income

-$129K

Previous: $2.72M-104.7%
Gross Profit

$6.61M

Previous: $18.3M-64.0%
Cash & Equivalents

$124K

Previous: $57.3M-99.8%
Total Assets

$783M

Previous: $1.05B-25.2%

Revenue & EPS history

TriplePoint · Revenue · Quarterly

$7.01M

Q1 2024-62.2%vs Q1 2023
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

TriplePoint expects to increase new investment activity over the course of 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+1.3%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+1.6%

Avg return

30 days after

73%

35 / 48 earnings

Positive

+17.5%

Q1 2020

Best reaction

-11.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%+2.0%-2.2%
Q4 2025+2.1%-1.7%-3.4%
Q3 2025+2.7%+4.7%+21.8%
Q1 2025+7.5%+13.3%+22.5%
Q4 2024-5.4%-6.2%-21.0%
Q3 2024+15.6%+21.9%+26.7%
Q2 2024-8.3%-13.9%-8.1%
Q1 2024-0.9%-0.7%-0.2%
Q4 2023-11.8%-9.4%-14.4%
Q3 2023+4.3%+7.4%+11.3%
Q2 2023-11.3%-10.2%-11.3%
Q1 2023-10.6%-6.6%-1.6%
Q4 2022+3.5%+7.2%+1.8%
Q3 2022-0.8%+1.6%+2.0%
Q2 2022+4.1%-2.1%-6.4%
Q1 2022+2.6%-5.0%-4.8%
Q4 2021+5.0%+3.0%+10.4%
Q3 2021+2.8%+8.1%-0.7%
Q2 2021-1.8%-1.5%-2.6%
Q1 2021-2.4%-5.3%+0.2%
Q4 2020-0.3%+0.3%+1.5%
Q3 2020+5.8%+7.2%+18.3%
Q2 2020+7.4%+12.4%+0.6%
Q1 2020+17.5%+21.5%+63.1%
Q4 2019+5.6%-10.3%-61.5%
Q3 2019-10.5%-13.0%-15.8%
Q2 2019+2.6%-0.4%+7.3%
Q1 2019+2.6%+2.9%-4.1%
Q4 2018+3.6%+5.8%+8.8%
Q3 2018+2.2%+0.6%-4.8%
Q2 2018+0.8%+2.0%-4.0%
Q1 2018+3.6%+6.0%+3.8%
Q4 2017+4.6%+4.0%+4.8%
Q3 2017+1.9%+1.5%-3.7%
Q2 2017+7.3%+6.8%+4.4%
Q1 2017+1.5%+1.2%-2.4%
Q4 2016+2.4%+6.4%+4.5%
Q3 2016+3.8%+9.9%+20.3%
Q2 2016+0.8%+0.3%+1.6%
Q1 2016-1.9%
Q4 2015+0.8%
Q3 2015+0.7%
Q2 2015+0.9%
Q1 2015-2.6%
Q4 2014+0.7%
Q3 2014+0.9%
Q2 2014+0.4%
Q1 2014+0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro