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TPG RE Finance Trust, Inc. TRTX Q4 2025 Annual earnings

Reported February 17, 2026 · After market close

Revenue$35.0MMiss by $2.0MDiluted EPS$0.24Miss by $0.03
Revenue estimate$37.0M
EPS estimate$0.27

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$74.4M+7.9%
Net income$4.0M-62.8%
EPS (diluted)$0.01-88.9%

Balance sheet

See full
Cash & equivalents$15.0M0.0%
Total equity$1.1B-4.1%
Total assets$4.4B+18.1%

Cash flow

See full
Operating cash flow$24.7M-3.3%
CapEx$359.0K—
Free cash flow$24.3M-7.1%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$673.83M-2.0%
P/E11.2×+1.9×
P/S2.3×+0.1×

Profitability

See full
Net margin20.8%-3.4pp
FCF margin30.8%-5.6pp

Returns & leverage

See full
Return on equity5.5%-1.1pp

Versus estimates

Revenue

Q1 2026$37.2MIn line
Q4 2025$35.0MMiss by $2.0M
Q3 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 $0.03
Q3 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 Q4 2025 earnings?
TPG RE Finance Trust, Inc. (TRTX) reported Q4 2025 earnings on February 17, 2026 after market close.
What were TPG RE Finance Trust, Inc.'s Q4 2025 revenue and EPS?
TPG RE Finance Trust, Inc. reported revenue of $35.0M and diluted EPS of $0.24 for Q4 2025.
Did TPG RE Finance Trust, Inc. beat estimates in Q4 2025?
Revenue missed the consensus estimate of $37.0M by $2.0M. EPS missed the consensus estimate of $0.27 by $0.03.
How did TPG RE Finance Trust, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.1% from $34.3M a year earlier and diluted EPS grew 140.0% from $0.10.
Where can I find TPG RE Finance Trust, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001630472-26-000005) and the 10-K periodic report (0001630472-26-000004) directly on SEC EDGAR. The filing index links above go to sec.gov.