TPG RE Finance Trust, Inc.TRTXEarnings & Financial Report
TPG RE Finance Trust, Inc. is a commercial real estate finance firm primarily operating in the United States. It originates, underwrites and manages a portfolio of senior commercial mortgage loans and other real estate-linked debt instruments, serving commercial property owners and investors across multifamily, industrial, office and retail property segments.
TRTX Q4 FY2025 Key Financial Metrics
Revenue
$35.0M
Gross Profit
N/A
Operating Profit
$4.1M
Net Profit
$4.0M
Gross Margin
N/A
Operating Margin
11.6%
Net Margin
15.6%
YoY Growth
0.9%
EPS
$0.01
TPG RE Finance Trust, Inc. Q4 FY2025 Financial Summary
TPG RE Finance Trust, Inc. reported revenue of $35.0M (up 0.9% YoY) for Q4 FY2025, with a net profit of $4.0M (down 62.8% YoY) (15.6% margin).
Key Financial Metrics
| Total Revenue | $35.0M |
|---|---|
| Net Profit | $4.0M |
| Gross Margin | N/A |
| Operating Margin | 11.6% |
| Report Period | Q4 FY2025 |
TPG RE Finance Trust, Inc. Annual Revenue by Year
TPG RE Finance Trust, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $146.1M).
TPG RE Finance Trust, Inc. Quarterly Revenue & Net Profit History
TPG RE Finance Trust, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $35.0M | +0.9% | $4.0M | 15.6% |
| Q3 FY2025 | $37.8M | -5.7% | $22.0M | 58.1% |
| Q2 FY2025 | $36.2M | -7.9% | $20.6M | 57.0% |
| Q1 FY2025 | $37.0M | -4.9% | $13.7M | 37.0% |
| Q4 FY2024 | $34.7M | +10.3% | $10.7M | 43.3% |
| Q3 FY2024 | $40.1M | +48.6% | $22.2M | 55.3% |
| Q2 FY2024 | $39.3M | +20.4% | $24.7M | 62.9% |
| Q1 FY2024 | $38.9M | +54.1% | $16.7M | 43.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $38.9M | $39.3M | $40.1M | $34.7M | $37.0M | $36.2M | $37.8M | $35.0M |
| YoY Growth | 54.1% | 20.4% | 48.6% | 10.3% | -4.9% | -7.9% | -5.7% | 0.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.83B | $3.70B | $3.66B | $3.73B | $3.96B | $4.16B | $4.06B | $4.41B |
| Liabilities | $2.71B | $2.57B | $2.54B | $2.62B | $2.86B | $3.07B | $2.98B | $3.34B |
| Equity | $1.12B | $1.12B | $1.12B | $1.11B | $1.10B | $1.09B | $1.08B | $1.07B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $37.4M | $25.6M | $23.7M | $112.1M | $19.1M | $24.7M | $21.8M | $90.4M |