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TPG RE Finance Trust, Inc. TRTX Q2 2025 earnings

Reported July 29, 2025 · After market close

Revenue$82.2MBeat by $56.2MDiluted EPS$0.24In line
Revenue estimate$26.0M
EPS estimate$0.24

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$70.7M-9.5%
Net income$20.6M-16.5%
EPS (diluted)$0.21-19.2%

Balance sheet

See full
Cash & equivalents$165.9M-36.0%
Total equity$1.1B-3.0%
Total assets$4.2B+12.6%

Cash flow

See full
Operating cash flow$24.7M-3.2%
Free cash flow$24.9M-3.5%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$637.26M-5.3%
P/E9.5×—
P/S2.2×+0.2×

Profitability

See full
Net margin23.5%+19.6pp
FCF margin32.6%-0.8pp

Returns & leverage

See full
Return on equity6.1%+5.0pp

Versus estimates

Revenue

Q1 2026$37.2MIn lineQ4 2025$35.0MMiss by $2.0MQ3 2025$86.7MBeat by $59.5M
Q2 2025$82.2MBeat by $56.2M
Q1 2025$12.1MMiss by $13.2MQ4 2024$34.3MBeat by $6.1M

Diluted EPS

Q1 2026$0.25In lineQ4 2025$0.24Miss by $0.03Q3 2025$0.25Miss by $0.01
Q2 2025$0.24In line
Q1 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 Q2 2025 earnings?
TPG RE Finance Trust, Inc. (TRTX) reported Q2 2025 earnings on July 29, 2025 after market close.
What were TPG RE Finance Trust, Inc.'s Q2 2025 revenue and EPS?
TPG RE Finance Trust, Inc. reported revenue of $82.2M and diluted EPS of $0.24 for Q2 2025.
Did TPG RE Finance Trust, Inc. beat estimates in Q2 2025?
Revenue beat the consensus estimate of $26.0M by $56.2M. EPS beat the consensus estimate of $0.24 by $0.00.
How did TPG RE Finance Trust, Inc.'s Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 598.3% from $11.8M a year earlier and diluted EPS declined 14.3% from $0.28.
Where can I find TPG RE Finance Trust, Inc.'s Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001630472-25-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.