Triplepoint Venture Growth BDC | 8-K: FY2025 Q2 Revenue: USD 23.28 M

LB filings
2025.08.06 20:24
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Revenue: As of FY2025 Q2, the actual value is USD 23.28 M.

EPS: As of FY2025 Q2, the actual value is USD 0.33, beating the estimate of USD 0.2962.

Segment Revenue

  • Debt Investments: Funded $78.5 million in debt investments during the second quarter of 2025, representing a 188% increase from the prior quarter, with a weighted average annualized yield of 12.3% at origination.
  • Total Investment and Other Income: $23.3 million for the second quarter of 2025, compared to $27.1 million for the second quarter of 2024.

Operational Metrics

  • Net Investment Income: $11.3 million, or $0.28 per share, for the second quarter of 2025, compared to $12.6 million, or $0.33 per share, for the second quarter of 2024.
  • Net Increase in Net Assets: Resulting from operations was $13.2 million, or $0.33 per share, for the second quarter of 2025, compared to $8.6 million, or $0.22 per share, for the second quarter of 2024.
  • Operating Expenses: Total operating expenses were $12.0 million for the second quarter of 2025, compared to $14.5 million for the second quarter of 2024.

Cash Flow

  • Total Liquidity: $312.5 million as of June 30, 2025, consisting of cash, cash equivalents, and restricted cash of $62.5 million and available capacity under its Revolving Credit Facility of $250.0 million.

Unique Metrics

  • Net Asset Value: $348.7 million, or $8.65 per share, as of June 30, 2025, compared to $347.0 million, or $8.62 per share, as of March 31, 2025.
  • Weighted Average Portfolio Yield: 14.5% on debt investments for the second quarter of 2025.

Outlook / Guidance

  • The company plans to continue focusing on increasing scale, diversification, and sector rotation to capitalize on strong demand from venture-growth stage companies in favorable sectors.
  • The investment adviser has waived its quarterly income incentive fee for the remainder of fiscal year 2025, indicating a strategic alignment with shareholder interests.
  • A discretionary share purchase program has been announced to acquire up to $14 million of the company’s outstanding common stock, reflecting confidence in the company’s valuation.
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