TriplePoint Venture Growth BDC Corp.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
TPVG$4.37-2.0%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Assets and Liabilities as of June, 2026 (unaudited) and December 31, 2025
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(in thousands, except per share data)
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| Assets · (unaudited) | ||
| Investments at fair value | ||
| Non-controlled/unaffiliated investments (amortized cost of $814,562 and $804,090, respectively) | $764,961 | $767,304 |
| Non-controlled/affiliated investments (amortized cost of $16,273 and $16,273, respectively) | 15,781 | 16,240 |
| Total Investments at fair value (amortized cost of $830,835 and $820,363, respectively) | 780,742 | 783,544 |
| Cash and cash equivalents | 13,999 | 20,364 |
| Restricted cash | 811 | 27,003 |
| Deferred credit facility costs | 3,981 | 4,643 |
| Prepaid expenses and other assets | 9,511 | 4,095 |
| Total assets | $809,044 | $839,649 |
| Liabilities | ||
| Revolving Credit Facility | $195,000 | $95,000 |
| 2026 Notes, net of unamortized debt issuance costs of $— and $75, respectively | — | 199,925 |
| 2027 Notes, net of unamortized debt issuance costs of $188 and $329, respectively | 124,812 | 124,671 |
| 8.11% 2028 Notes, net of unamortized debt issuance costs of $394 and $516, respectively | 49,606 | 49,484 |
| 7.50% 2028 Notes, net of unamortized debt issuance costs of $238 and $—, respectively | 74,762 | — |
| Base management fee payable | 3,592 | 3,581 |
| Income incentive fee payable | — | — |
| Other accrued expenses and liabilities | 8,447 | 13,367 |
| Total liabilities | $456,219 | $486,028 |
| Commitments and Contingencies (Note 7) | ||
| Net assets | ||
| Preferred stock, par value $0.01 per share (50,000 shares authorized; no shares issued and outstanding, respectively) | $— | $— |
| Common stock, par value $0.01 per share | 407 | 405 |
| Paid-in capital in excess of par value | 515,424 | 514,399 |
| Total distributable earnings (loss) | (163,006) | (161,183) |
| Total net assets | $352,825 | $353,621 |
| Total liabilities and net assets | $809,044 | $839,649 |
| Shares of common stock outstanding (par value $0.01 per share and 450,000 authorized) | 40,710 | 40,491 |
| Net asset value per share | $8.67 | $8.73 |
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Investment income | ||||
| Interest income from investments | $18,997 | $17,254 | $37,592 | $35,082 |
| Payment-in-kind interest income | 3,039 | 5,250 | 6,533 | 9,007 |
| Other income | ||||
| Expirations/terminations of unfunded commitments | 99 | 33 | 545 | 456 |
| Other fees | 10 | 739 | 250 | 1,185 |
| Total investment and other income | 22,145 | 23,276 | 44,920 | 45,730 |
| Operating expenses | ||||
| Base management fee | 3,592 | 3,268 | 7,207 | 6,593 |
| Income incentive fee | 1,337 | 1,259 | 3,161 | 1,259 |
| Interest expense and amortization of fees | 8,288 | 6,732 | 16,149 | 13,103 |
| Administration Agreement expenses | 723 | 629 | 1,442 | 1,232 |
| General and administrative expenses | 1,005 | 1,022 | 2,023 | 2,033 |
| Total operating expenses before Income incentive fee waiver | 14,945 | 12,910 | 29,982 | 24,220 |
| Income incentive fee waiver | (1,337) | (1,259) | (3,161) | (1,259) |
| Total operating expenses net of Income incentive fee waiver | 13,608 | 11,651 | 26,821 | 22,961 |
| Net investment income before excise taxes | 8,537 | 11,625 | 18,099 | 22,769 |
| Excise tax expense | (200) | (350) | (640) | (756) |
| Net investment income after excise taxes | 8,337 | 11,275 | 17,459 | 22,013 |
| Net realized and unrealized gains/(losses) | ||||
| Net realized gains (losses) on investments: | ||||
| Non-controlled/unaffiliated investments | 12,941 | (32) | 12,642 | 2,222 |
| Non-controlled/affiliated investments | — | — | — | — |
| Net change in unrealized gains (losses) on investments: | ||||
| Non-controlled/unaffiliated investments | (10,477) | 1,931 | (12,816) | 1,628 |
| Non-controlled/affiliated investments | (134) | — | (459) | — |
| Net realized and unrealized gains/(losses) | 2,330 | 1,899 | (633) | 3,850 |
| Net increase (decrease) in net assets resulting from operations | $10,667 | $13,174 | $16,826 | $25,863 |
| Per share information (basic and diluted) | ||||
| Net increase (decrease) in net assets per share | $0.26 | $0.33 | $0.41 | $0.64 |
| Weighted average shares of common stock outstanding | 40,600 | 40,234 | 40,547 | 40,186 |
| Regular distributions declared per share | $0.23 | $0.30 | $0.46 | $0.60 |
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