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TPG RE Finance Trust, Inc. TRTX Q3 2025 earnings

Reported October 28, 2025 · After market close

Revenue$86.7MBeat by $59.5MDiluted EPS$0.25Miss by $0.01
Revenue estimate$27.2M
EPS estimate$0.26

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$77.1M-1.0%
Net income$22.0M-0.9%
EPS (diluted)$0.230.0%

Balance sheet

See full
Cash & equivalents$16.4M-92.8%
Total debt$3.7B—
Total equity$1.1B-3.7%
Total assets$4.1B+11.0%

Cash flow

See full
Operating cash flow$21.8M-7.9%
CapEx$603.0K-16.3%
Free cash flow$21.2M-7.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$672.74M+1.3%
Enterprise value$4.35B—
P/E10×-0.4×
P/S2.4×+0.3×

Profitability

See full
Net margin23.5%+3.8pp
FCF margin32%-1.8pp

Returns & leverage

See full
Return on equity6.1%+0.4pp
Debt / equity3.4×—

Versus estimates

Revenue

Q1 2026$37.2MIn lineQ4 2025$35.0MMiss by $2.0M
Q3 2025$86.7MBeat by $59.5M
Q2 2025$82.2MBeat by $56.2MQ1 2025$12.1MMiss by $13.2MQ4 2024$34.3MBeat by $6.1M

Diluted EPS

Q1 2026$0.25In lineQ4 2025$0.24Miss by $0.03
Q3 2025$0.25Miss by $0.01
Q2 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 Q3 2025 earnings?
TPG RE Finance Trust, Inc. (TRTX) reported Q3 2025 earnings on October 28, 2025 after market close.
What were TPG RE Finance Trust, Inc.'s Q3 2025 revenue and EPS?
TPG RE Finance Trust, Inc. reported revenue of $86.7M and diluted EPS of $0.25 for Q3 2025.
Did TPG RE Finance Trust, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $27.2M by $59.5M. EPS missed the consensus estimate of $0.26 by $0.01.
How did TPG RE Finance Trust, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 697.7% from $10.9M a year earlier and diluted EPS declined 10.7% from $0.28.
Where can I find TPG RE Finance Trust, Inc.'s Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001630472-25-000030) directly on SEC EDGAR. The filing index links above go to sec.gov.