NYSE$TPVG

TriplePoint Venture Growth BDC Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Achieved New Records for Total Investment Income and Net Investment Income, and Increased Distribution By 8% To $0.40 Per Share For The First Quarter 2023.

TriplePoint Venture Growth BDC Corp. announced its Q4 and fiscal year 2022 financial results. The company achieved record total investment income and net investment income. The board of directors declared a first quarter 2023 distribution of $0.40 per share, representing an 8% increase over the prior quarter.

  • Signed $221.2 million of term sheets and closed $104.7 million of new debt commitments.
  • Funded $94.6 million in debt investments to 16 portfolio companies with a 15.4% weighted average annualized portfolio yield at origination.
  • Earned a record net investment income of $20.5 million, or $0.58 per share.
  • Generated a record total investment income of $34.9 million.

Headline financials

Total Revenue

$34.9M

Previous: $25.9M+35.1%
EPS (adj)

$0.58

Previous: $0.42+38.1%
Net Asset Value

$11.88

No prior period
Gross Leverage Ratio

1.36

No prior period
Portfolio Yield on Debt

15.3%

Previous: 14.9%+2.7%
Return on Average Equity

18.0%

Previous: 11.9%+51.3%
Net Income

-$11.8M

Previous: $12.9M-191.4%
Operating Income

$20.5M

Previous: $12.9M+58.8%
Cash & Equivalents

$51.5M

Previous: $51.3M+0.4%
Total Assets

$1.01B

Previous: $928M+9.4%

Revenue & EPS history

TriplePoint · Revenue · Quarterly

$34.9M

Q4 2022+35.1%vs Q4 2021
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

On February 21, 2023, the Company’s board of directors declared a regular quarterly distribution of $0.40 per share for the first quarter of 2023.

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 Q4 2022

Historical avgQ4 2022

+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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