NYSE$TPVG

TriplePoint Venture Growth BDC Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced financial results for the second quarter ended June 30, 2021 and declared a third quarter 2021 distribution of $0.36 per share.

TriplePoint Venture Growth BDC Corp. reported a net increase in net assets resulting from operations of $0.39 per share for the second quarter of 2021 and declared a third quarter distribution of $0.36 per share. The company signed $250.8 million of term sheets and closed $102.5 million of new debt commitments.

  • Signed $250.8 million of term sheets with venture growth stage companies and closed $102.5 million of new debt commitments.
  • Funded $76.0 million in debt investments to seven portfolio companies with a 13.2% weighted average annualized portfolio yield at origination.
  • Increased net asset value to $403.1 million, or $13.03 per share, at June 30, 2021.
  • Earned net investment income of $9.4 million, or $0.30 per share, and had a net increase in net assets resulting from operations of $12.0 million, or $0.39 per share.

Headline financials

Total Revenue

$20.3M

Previous: $23.8M-14.6%
EPS (adj)

$0.30

Previous: $0.38-21.1%
Net Asset Value

$13.03

Previous: $406M-100.0%
Gross Leverage Ratio

0.67

Previous: 0.75-10.7%
Portfolio Yield on Debt

13.9%

Previous: 13.7%+1.5%
Return on Average Equity

9.5%

Previous: 11.5%-17.4%
Net Income

$12M

Previous: $11.5M+3.9%
Operating Income

$9.4M

Previous: $11.5M-18.5%
Cash & Equivalents

$33.4M

Previous: $23M+45.4%
Total Assets

$686M

Previous: $719M-4.6%

Revenue & EPS history

TriplePoint · Revenue · Quarterly

$20.3M

Q2 2021-14.6%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The Company remains well positioned to capitalize on the strong demand for debt at venture growth stage companies and draw on our substantial liquidity to grow our investment portfolio and the prospects for our portfolio companies continue to be promising.

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 Q2 2021

Historical avgQ2 2021

+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%

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