TPG RE Finance Trust, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that TPG RE Finance Trust, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $60.32M | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $74.34M | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | ($116.63M) | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | ($60.07M) | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | $138.55M | Feb 20, 2024 |
| FY2022 | Dec 31, 2020 | ($136.83M) | Feb 21, 2023 |
| FY2021 | Dec 31, 2019 | $126.31M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $106.94M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $94.35M | Feb 19, 2020 |
| FY2018 | Dec 31, 2016 | $69.97M | Feb 26, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $90.36M | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $112.13M | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | $80.13M | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | $100.50M | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | $132.17M | Feb 20, 2024 |
| FY2022 | Dec 31, 2020 | $132.09M | Feb 21, 2023 |
| FY2021 | Dec 31, 2019 | $121.67M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $107.70M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $91.17M | Feb 19, 2020 |
| FY2018 | Dec 31, 2016 | $85.73M | Feb 26, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.41B | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $3.73B | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | $4.21B | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | $5.55B | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | $5.22B | Feb 21, 2023 |
| FY2021 | Dec 31, 2020 | $4.91B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $5.89B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $4.53B | Feb 19, 2020 |
| FY2018 | Dec 31, 2017 | $3.36B | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $2.67B | Feb 26, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.34B | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $2.62B | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | $3.09B | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | $4.22B | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | $3.75B | Feb 21, 2023 |
| FY2021 | Dec 31, 2020 | $3.44B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $4.39B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $3.20B | Feb 19, 2020 |
| FY2018 | Dec 31, 2017 | $2.15B | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $1.69B | Feb 26, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.07B | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $1.11B | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | $1.12B | Feb 17, 2026 |
| FY2025 | Dec 31, 2022 | $1.32B | Feb 17, 2026 |
| FY2024 | Dec 31, 2021 | $1.46B | Feb 18, 2025 |
| FY2023 | Dec 31, 2020 | $1.27B | Feb 20, 2024 |
| FY2022 | Dec 31, 2019 | $1.50B | Feb 21, 2023 |
| FY2021 | Dec 31, 2018 | $1.33B | Feb 23, 2022 |
| FY2020 | Dec 31, 2017 | $1.20B | Feb 24, 2021 |
| FY2019 | Dec 31, 2016 | $970.69M | Feb 19, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($672.65M) | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | ($617.22M) | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | ($600.27M) | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | ($395.03M) | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | ($247.27M) | Feb 21, 2023 |
| FY2021 | Dec 31, 2020 | ($292.86M) | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | ($28.11M) | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | ($25.92M) | Feb 19, 2020 |
| FY2018 | Dec 31, 2017 | ($14.81M) | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | ($10.07M) | Feb 26, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $87.61M | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $190.16M | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | $206.38M | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | $254.05M | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | $260.64M | Feb 21, 2023 |
| FY2021 | Dec 31, 2020 | $319.67M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $79.18M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $39.72M | Feb 19, 2020 |
| FY2018 | Dec 31, 2017 | $75.04M | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $103.13M | Feb 26, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.31B | Feb 17, 2026 |
| FY2024 | Dec 31, 2024 | $2.57B | Feb 18, 2025 |
| FY2023 | Dec 31, 2023 | $3.05B | Feb 20, 2024 |
| FY2022 | Dec 31, 2022 | $4.18B | Feb 21, 2023 |
| FY2021 | Dec 31, 2021 | $3.72B | Feb 23, 2022 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | (1) | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | 0 | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | 0 | Feb 20, 2024 |
| FY2022 | Dec 31, 2020 | (2) | Feb 21, 2023 |
| FY2021 | Dec 31, 2019 | 1 | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | 1 | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | 1 | Feb 19, 2020 |
| FY2018 | Dec 31, 2016 | 1 | Feb 26, 2019 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | (1) | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | 0 | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | 0 | Feb 20, 2024 |
| FY2022 | Dec 31, 2020 | (2) | Feb 21, 2023 |
| FY2021 | Dec 31, 2019 | 1 | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | 1 | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | 1 | Feb 19, 2020 |
| FY2018 | Dec 31, 2016 | 1 | Feb 26, 2019 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 78.32M | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | 81.00M | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | 77.87M | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | 77.41M | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | 77.18M | Feb 21, 2023 |
| FY2021 | Dec 31, 2020 | 76.79M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | 74.89M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | 66.02M | Feb 19, 2020 |
| FY2018 | Dec 31, 2017 | 59.44M | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | 47.25M | Feb 26, 2018 |