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TPG RE Finance Trust, Inc. TRTX Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$37.2MIn lineDiluted EPS$0.25In line
Revenue estimate$37.1M
EPS estimate$0.25

Next report

Jul 28, 2026 (In 4 days)
Revenue estimate$37.3M
EPS estimate$0.25

Financials

Q1 2026

Income statement

See full
Revenue$74.2M+9.0%
Net income$18.9M+38.0%
EPS (diluted)$0.19+58.3%

Balance sheet

See full
Cash & equivalents$15.0M-95.9%
Total debt$3.8B—
Total equity$1.1B-3.8%
Total assets$4.5B+12.9%

Cash flow

See full
Operating cash flow$24.6M+28.4%
CapEx$8.0K-96.7%
Free cash flow$24.6M+30.0%

Valuation & ratios

Valuation

as of 07/23/26
See full
Market cap$670.26M+1.5%
Enterprise value$4.48B—
P/E10.2×+0.4×
P/S2.3×-0.1×

Profitability

See full
Net margin22.1%-2.2pp
FCF margin32.1%0.0pp

Returns & leverage

See full
Return on equity6.1%-0.4pp
Debt / equity3.6×—

Versus estimates

Revenue

Q1 2026$37.2MIn line
Q4 2025$35.0MMiss by $2.0MQ3 2025$86.7MBeat by $59.5MQ2 2025$82.2MBeat by $56.2MQ1 2025$12.1MMiss by $13.2MQ4 2024$34.3MBeat by $6.1M

Diluted EPS

Q1 2026$0.25In line
Q4 2025$0.24Miss by $0.03Q3 2025$0.25Miss by $0.01Q2 2025$0.24In lineQ1 2025$0.24Miss by $0.02Q4 2024$0.10Miss by $0.16

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Questions, answered.

When did TPG RE Finance Trust, Inc. report Q1 2026 earnings?
TPG RE Finance Trust, Inc. (TRTX) reported Q1 2026 earnings on April 28, 2026 after market close.
What were TPG RE Finance Trust, Inc.'s Q1 2026 revenue and EPS?
TPG RE Finance Trust, Inc. reported revenue of $37.2M and diluted EPS of $0.25 for Q1 2026.
Did TPG RE Finance Trust, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $37.1M by $9.4K. EPS beat the consensus estimate of $0.25 by $0.00.
How did TPG RE Finance Trust, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 206.3% from $12.1M a year earlier and diluted EPS grew 4.2% from $0.24.
Where can I find TPG RE Finance Trust, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001630472-26-000018) and the 10-Q periodic report (0001630472-26-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.