Financials in USD. Standardized financial statements.
A compact view of how TPG RE Finance Trust, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $332.57M | $350.93M | $390.17M | $305.71M | $240.72M | $80.81M | $341.57M | $266.90M | $200.60M | $154.05M |
| Revenue Growth? | -5.2% | -10.1% | +27.6% | +27.0% | +197.9% | -76.3% | +28.0% | +33.1% | +30.2% | 0.0% |
| Cost of Revenue? | $68.83M | $69.12M | $33.33M | $30.61M | $23.13M | $22.01M | $30.55M | $26.39M | $100.00M | $78.68M |
| Gross Profit? | $263.75M | $281.81M | $356.85M | $275.10M | $217.59M | $58.81M | $311.01M | $240.51M | $100.61M | $75.36M |
| Gross Margin? | +79.3% | +80.3% | +91.5% | +90.0% | +90.4% | +72.8% | +91.1% | +90.1% | +50.2% | +48.9% |
| Operating Expenses? | $21.06M | $5.63M | $204.98M | $187.17M | $8.68M | $88.09M | $184.12M | $7.20M | $6.11M | $5.40M |
| Operating Income? | $242.69M | $276.19M | $151.86M | $87.93M | $208.91M | -$29.28M | $126.89M | $233.31M | $94.50M | $69.96M |
| EBITDA? | $262.38M | $291.14M | $162.39M | $101.22M | $224.70M | -$29.28M | $301.73M | $233.31M | $94.50M | $69.99M |
| Income Before Tax | $60.70M | $74.73M | -$116.37M | -$59.54M | $139.61M | -$136.52M | $126.89M | $107.28M | $94.50M | $69.96M |
| Income Tax Expense | $378,000 | $399,000 | $259,000 | $530,000 | $1.06M | $305,000 | $579,000 | $340,000 | $146,000 | -$5,000 |
| Net Income? | $60.32M | $74.33M | -$116.63M | -$60.07M | $138.55M | -$136.83M | $126.31M | $106.94M | $94.35M | $69.97M |
| EPS? | $0.57 | $0.75 | $-1.69 | $-0.95 | $0.92 | $-2.03 | $1.73 | $1.70 | $1.74 | $1.14 |
| Diluted EPS? | $0.57 | $0.75 | $-1.69 | $-0.95 | $0.87 | $-2.03 | $1.73 | $1.70 | $1.74 | $1.14 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality