TriplePoint Venture Growth BDC (TPVG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

TriplePoint Venture Growth BDC

NYSE•Financial Services•Asset Management

$5.22-0.01(<0.01%)Pre-market

Market Cap

$196.91M

P/E

4.9x

P/S

2.2x

P/B

0.6x

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.

How this company scores

WeakMetricSide Score: 33/100

Strongest: Profitability (14/25); weakest: Cash & Earnings Quality (4/25).

Profitability14/25

Growth6/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality4/25

Strengths

Strong margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 4.9x5y range 4.5x – 27.0x

Currently below its 8-quarter median.

P/S · 2.2x5y range 1.9x – 2.9x

Currently near its 13-quarter median.

P/B · 0.6x5y range 0.5x – 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 15.2% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $196.91M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $90.12M
Q. Revenue: $22.14M
TTM EBITDA: $37.71M
TTM Op. Income: $37.71M
Q. Op. Income: $8.34M
TTM Net Income: $40.17M
Q. Net Income: $10.67M
EPS: $0.21
Shares Out.: $40.60M

$90.12M in TTM revenue declined 8.0% YoY, reaching $22.14M last quarter. TTM EBITDA of $37.71M and TTM operating income of $37.71M show growth is flowing through to the bottom line. TTM net income of $40.17M means revenue is converting into profit. Over the past year, TTM revenue is down 8% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 37.6%
Op. Margin: 37.6%
Net Margin: 48.2%

Op. margin of 37.6% is down 10.8% YoY — costs are rising relative to revenue. Net margin at 48.2% Across the last 8 quarters, operating margin has fallen for 4 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 4.9x
P/S Ratio: 2.2x
P/B Ratio: 0.6x

At 4.9x P/E, the stock trades below typical market levels. P/S of 2.2x and P/B of 0.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 28% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $809.04M
Cash: $14.00M
Long-Term Debt: $440.20M
Book Value: $352.82M
D/E Ratio: 1.2
Debt/EBITDA: 52.8

With $809.04M in assets and $440.20M in long-term debt, D/E is 1.2and book value is $352.82M — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $16.77M
TTM Free Cash Flow: $-29.09M
FCF Margin: -32.3%
FCF / Net Income: -0.7

TTM FCF of $-29.09M on $16.77M in operating cash flow. The FCF / Net Income ratio of -0.7x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 171% — an improving trend.