TriplePoint Venture Growth BDC
Finances venture-growth companies with customized debt, warrants, and direct equity investments.
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Profile
Finances venture-growth companies with customized debt, warrants, and direct equity investments. The externally managed BDC extends TriplePoint Capital's venture-growth financing platform and targets companies backed by selected venture-capital firms.
Provides customized debt financing, warrants, and direct equity investments to venture-growth companies in technology and other high-growth industries. Growth-capital loans are its main debt-financing category, alongside revolver loans, while warrants and equity investments give it non-debt participation in portfolio companies.
Operates as an externally managed, non-diversified BDC and the public vehicle for TriplePoint Capital's venture-growth financing segment. Its financing targets companies backed by selected venture-capital firms, tying its operating model to the TriplePoint platform and its adviser. The business is regulated as a BDC under the Investment Company Act of 1940.
Company facts
Categories
Key statistics
Year to date −18.2% · Average volume (30d) 199.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 13, 2026 | Piper Sandler | Reiterate | Neutral | $6 | $5 | |
| Oct 14, 2025 | UBS | Reiterate | Neutral | $13.50 | $5.50 | |
| Oct 9, 2025 | Piper Sandler | Reiterate | Neutral | $7.50 | $6 | |
| Mar 17, 2025 | Wells Fargo | Downgrade | Equal Weight | Underweight | ||
| Nov 7, 2024 | Keefe, Bruyette & Woods | Upgrade | Underperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.24 | $0.21 | −11.6% | $22.9M | $22.1M | −3.2% | +13.20% |
| May 6, 2026Q1 FY26 | $0.25 | $0.23 | −8.0% | $23.1M | $22.8M | −1.6% | +6.98% |
| Mar 4, 2026Q4 FY25 | $0.26 | $0.25 | −3.8% | $23.8M | $22.5M | −5.2% | +1.71% |
| Nov 5, 2025Q3 FY25 | $0.29 | $0.26 | −10.3% | $23.8M | $22.2M | −6.8% | +3.43% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $21.1M | $20.6M | $22.2M | $15.1M | $22.5M | $24.5M | |
| Gross profit | $16.0M | $15.1M | $16.6M | $9.7M | $18.1M | $19.6M | |
| Operating income | $12.7M | $13.2M | $15.2M | $8.1M | $14.0M | $17.9M | |
| Net income | $12.7M | $13.2M | $15.2M | $8.1M | $6.2M | $9.2M | |
| Diluted EPS | $0.32 | $0.33 | $0.38 | $0.20 | $0.15 | $0.26 | |
| Gross margin | 75.7% | 73.3% | 74.8% | 64.1% | 80.7% | 80.3% | |
| Operating margin | 60.2% | 63.8% | 68.7% | 53.6% | 62.4% | 73.2% |
Fiscal years (4-quarter sums)FY21 $100.7M · FY22 $13.4M · FY23 $6.0M · FY24 $71.2M · FY25 $79.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $14.0M · Total debt $444.2M · Total assets $809.0M · Shareholders' equity $352.8M
Dividends
Last cut to $0.23 from $0.30 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jun 30 | $0.23 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.23 | |
| Dec 16, 2025 | Dec 16 | Dec 30 | $0.25 | special dividend |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.23 | cut from $0.30 |
| Jun 16, 2025 | Jun 16 | Jun 30 | $0.30 | |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.30 | |
| Dec 13, 2024 | Dec 13 | Dec 27 | $0.30 | |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.30 | cut from $0.40 |
Ownership
Shares outstanding 40.60M · Float 37.97M · 93.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Sajal Srivastava · director, officer: President and CIO | 2.00M | 4.92% | Form 4 | Jan 13, 2026 |
| Two Sigma Investments, LP | 850.9K | 2.10% | 13F | May 15, 2026 |
| Marshall Wace, LLP | 396.8K | 0.98% | 13F | May 15, 2026 |
| Legal & General Group PLC | 311.5K | 0.77% | 13F | May 8, 2026 |
| UBS Group AG | 207.6K | 0.51% | 13F | May 5, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 9, 2026 | Sajal Srivastava | director, officer: President and CIO | +16,000 | $6.56 |
| Jan 12, 2026 | Sajal Srivastava | director, officer: President and CIO | +23,799 | $6.66 |
| Jan 9, 2026 | James Labe | director, officer: Chief Executive Officer | +16,000 | $6.56 |
| Jan 12, 2026 | James Labe | director, officer: Chief Executive Officer | +23,799 | $6.66 |
| Jan 7, 2026 | James Labe | director, officer: Chief Executive Officer | +30,877 | $6.43 |
Peers
- Hercules Capital
Senior-secured venture-growth lender across technology and life sciences
- Trinity Capital
Debt and equipment-finance provider to growth-oriented companies
- Horizon Technology Finance
Secured venture lender to technology, life-science and sustainability companies
- Runway Growth Finance
Flexible-capital provider to late- and growth-stage companies
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TriplePoint Venture Growth BDC | $5.43 | 0.00% | $220.5M | 5.5 | 6.1 | 2.6 | −4.7% |
| Hercules Capital | $17.52 | +0.22% | $3.27B | 8.8 | 9.0 | 5.6 | +86.7% |
| Trinity Capital | $18.75 | +1.05% | $1.67B | 9.7 | 8.9 | 5.8 | +41.2% |
| Horizon Technology Finance | $4.75 | +0.85% | $235.4M | 13.5 | 6.6 | 2.3 | +2.1% |
| Runway Growth Finance | $6.66 | +1.37% | $279.8M | 59.9 | 4.9 | 4.5 | +10.1% |
| Median | 11.6 | 7.8 | 5.1 | +25.6% |