TriplePoint Venture Growth BDC Corp.

Listed Company

TPVGCIK 0001580345NYSEAcceleratedMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$49.21M

Total Assets

$839.65M

Equity

$353.62M

Shares Out

40.49M

Op. Cash Flow

$-57.03M

Business

TriplePoint Venture Growth BDC Corp. is an externally managed, closed‑end investment company that operates as a business development company, originating and investing in secured debt and equity of venture growth stage, venture capital‑backed companies. It offers growth capital loans, equipment financings, revolving loans, warrant investments and selective direct equity investments, often structured with secured collateral and equity “kickers.” Key components of its business include investment origination and underwriting, active portfolio monitoring and valuation, and adviser/administrator services through TriplePoint Capital. It sources opportunities from TriplePoint’s select venture capital relationships targeting technology and other high‑growth industries in the U.S. and select international venture markets.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest income from investments	70	91	122	110	75
Payment-in-kind interest income	19	15	12	6	8
Expirations/terminations of unfunded commitments	566,000	441,000	2	160,000	972,000
Other fees	2	2	2	3	4
Total investment and other income	91	109	137	119	87
Base management fee	14	15	18	16	13
Income incentive fee	5	0	0	7	10
Interest expense and amortization of fees	27	30	37	27	—
Administration Agreement expenses	3	2	2	2	2
General and administrative expenses	6	6	7	4	4
Total operating expenses before Income incentive fee waiver	54	54	64	56	46
Income incentive fee waiver	−5	0	0	—	—
Total operating expenses net of Income incentive fee waiver	49	54	64	—	—
Net investment income	42	55	74	64	41
Net realized gains (losses) on investments	6	−33	−76	−46	−20
Net change in unrealized gains (losses) on investments	700,000	11	−38	−38	56
Net realized and unrealized gains/(losses)	7	−23	−114	−84	35
Net increase (decrease) in net assets resulting from operations	49	32	−40	−20	77
Net investment income per share, Basic (in dollars per share)	1.05	1.4	2.07	1.94	1.33
Net investment income per share, Diluted (in dollars per share)	1.05	1.4	2.07	1.94	1.33
Net increase (decrease) in net assets per share (in dollars per share)	1.22	0.82	−1.12	−0.61	2.47
Weighted average shares of common stock outstanding, Basic (in shares)	40	39	36	33	31
Weighted average shares of common stock outstanding, Diluted (in shares)	40	39	36	33	31
Regular distributions declared per share (in dollars per share)	1.06	1.4	1.6	1.45	1.44
Supplemental distributions declared per share (in dollars per share)	0.02	0	0	0.1	0
Total distributions declared per share, Basic (in dollars per share)	1.08	1.4	1.6	1.55	1.44
Total distributions declared per share, Diluted (in dollars per share)	1.08	1.4	1.6	1.55	1.44

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-09-30	FY 2024 2024-06-30	FY 2024 2024-03-31
Investments at fair value	784	676	—	—	—
Cash and cash equivalents	20	46	—	—	—
Restricted cash	27	33	—	—	—
Deferred credit facility costs	5	4	—	—	—
Prepaid expenses and other assets	4	4	—	—	—
Total assets	840	763	—	—	—
Revolving Credit Facility	95	5	—	—	—
Base management fee payable	4	3	—	—	—
Income incentive fee payable	0	0	—	—	—
Other accrued expenses and liabilities	13	15	—	—	—
Total liabilities	486	417	—	—	—
Commitments and Contingencies (Note 7)	—	—	—	—	—
Preferred stock, par value $0.01 per share (50,000 shares authorized; no shares issued and outstanding, respectively)	0	0	—	—	—
Common stock, par value $0.01 per share	405,000	401,000	—	—	—
Paid-in capital in excess of par value	514	514	—	—	—
Total distributable earnings (loss)	−161	−168	—	—	—
Total net assets	354	346	—	—	—
Total liabilities and net assets	840	763	—	—	—
Shares of common stock outstanding (par value $0.01 per share and 450,000 authorized)	40	40	—	—	—
Net asset value per share	8.73	8.61	9.1	8.83	9.02

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Fundings and purchases of investments	−291	−136	−127	−421	−417
Principal payments and proceeds from investments	214	256	184	276	238
Net realized (gains) losses on investments	−6	33	76	46	20
Amortization and (accretion) of premiums and discounts, net	−5	−6	−2	−10	−7
(Accretion) reduction of end-of-term payments, net of prepayments	88,000	4	−9	−6	−2
Amortization of debt fees and issuance costs	3	3	2	2	2
Prepaid expenses and other assets	65,000	−2	−515,000	−856,000	888,000
Base management fee payable	173,000	−1	287,000	938,000	198,000
Other accrued expenses and liabilities	−2	−5	−3	4	6
Net cash (used in) provided by operating activities	−57	153	106	−101	−145
Borrowings under revolving credit facility	90	260	370	299	306
Repayments under revolving credit facility	0	−470	−330	−324	−224
Distributions paid	−41	−52	−55	−50	−46
Deferred credit facility costs	−2	−3	0	−3	−269,000
Debt issuance costs	−740,000	0	−13,000	−1	—
Proceeds from the issuance of common stock, net	0	19	21	55	0
Net cash provided by (used in) financing activities	26	−246	6	101	159
Net change in cash, cash equivalents and restricted cash	−31	−93	112	113,000	14
Cash paid for interest	24	26	34	21	13
Distributions reinvested	2	3	3	2	2
Excise tax paid	2	1	726,000	337,000	478,000

Filings

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