TPG RE Finance Trust, Inc. (TRTX-PC) — Financial statements
Income statement, balance sheet, and cash flow for TPG RE Finance Trust, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 333↓5.2% | 351↓10.1% | 390↑27.6% | 306↑27.0% | 241 | |
| Cost of Revenue | 69↓0.4% | 69↑107.4% | 33↑8.9% | 31↑32.4% | 23 | |
| Gross Profit | 264↓6.4% | 282↓21.0% | 357↑29.7% | 275↑26.4% | 218 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 33 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 10 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 43 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | -22↓482.5% | 6↓97.3% | 205↑9.5% | 187↑2056.3% | 9 | |
| Operating Expenses | 21↑274.4% | 6↓97.3% | 205↑9.5% | 187↑2056.3% | 9 | |
| Total Costs & Expenses | 90↑20.3% | 75↓68.6% | 238↑9.4% | 218↑584.7% | 32 | |
| Operating Results | ||||||
| Operating Income | 243↓12.1% | 276↑81.9% | 152↑72.7% | 88↓57.9% | 209 | |
| Depreciation & Amortization | 13↓14.9% | 15↑327.5% | 3 | 0.00 | 0.00 | |
| EBITDA | 262↓9.9% | 291↑79.3% | 162↑60.4% | 101↓55.0% | 225 | |
| EBIT | 250↓9.6% | 276↑73.8% | 159↑57.0% | 101↓55.0% | 225 | |
| Interest & Other Income | ||||||
| Net Interest Income | 101↓4.2% | 106↑21.1% | 87↓38.6% | 142↓8.4% | 155 | |
| Interest Income | 290↓5.5% | 307↓15.3% | 363↑19.7% | 303↑26.1% | 240 | |
| Interest Expense | 189↓6.2% | 201↓26.8% | 275↑71.2% | 161↑88.9% | 85 | |
| Non-Operating Income | -7 | 0.00↑100.0% | -7↑47.1% | -13↑15.8% | -16 | |
| Other Income / Expenses | -182↑9.7% | -201↑24.9% | -268↓81.9% | -147↓112.8% | -69 | |
| Income Before Tax | 61↓18.8% | 75↑164.2% | -116↓95.5% | -60↓142.6% | 140 | |
| Income Tax Expense | 0.38↓5.3% | 0.40↑54.1% | 0.26↓51.1% | 0.53↓50.2% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 60↓18.9% | 74↑163.7% | -117↓94.2% | -60↓143.4% | 139 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 60↓18.9% | 74↑163.7% | -117↓94.2% | -60↓143.4% | 139 | |
| Bottom-Line Net Income | 45↓37.1% | 72↑161.1% | -118↓93.8% | -61↓144.3% | 138 | |
| EPS (Basic) | 0.57↓24.0% | 0.75↑144.4% | -1.69↓77.9% | -0.95↓203.3% | 0.92 | |
| EPS (Diluted) | 0.57↓24.0% | 0.75↑144.4% | -1.69↓77.9% | -0.95↓209.2% | 0.87 | |
| Weighted Average Shares | 79↓0.6% | 80↑2.9% | 78↑0.4% | 77↑0.4% | 77 | |
| Weighted Average Diluted Shares | 79↓0.6% | 80↑3.0% | 78↑0.4% | 77↓5.4% | 82 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.