TriplePoint Venture Growth BDC Corp. Financial Ratios — TPVG

Profitability (USD)

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	64.89	63.27	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	- -	4.38	2.73	4.07	7.48	5.52	5.16	9.5	-2.07	-4	3.68	6.14
Return on Capital (%)	- -	- -	11.7	8.24	10.42	26.28	13.89	12.09	20.78	- -	- -	9.26	18.26
Return on Invested Capital (%)	- -	- -	7.97	7.07	7.11	9.85	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	100	100	100	64.57	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	124	169.93	130.09	99.99	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	124	169.93	130.09	99.99	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	124	-66.83	49.58	51.68	1,138.44	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	68.87	61.25	70.8	82.96	79	78.86	87.65	211.06	147.11	70.38	85.76
Profit Margin (%)	- -	- -	68.87	61.25	70.8	82.96	79	78.86	87.65	211.06	147.11	70.38	85.76
Net Income to Common Margin (%)	- -	- -	68.87	61.25	70.8	82.96	79	78.86	87.65	211.06	147.11	70.38	85.76
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	123.96	193.54	117.63	86.4	106.38	129.2	59.55	-247.11	-137.92	162.55	83.88
Sustainable Growth Rate (%)	- -	- -	-15.55	-59.18	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API Chat

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	236	89	337	206	119	336	261	468	567	608	399	469
ST Debt	- -	118	18	168	67	23	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	118	71	168	139	96	336	261	468	567	608	399	469
Total Debt/EBITDA	- -	- -	3.18	10.9	5.84	2.7	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	1.38	5.2	3.82	2.1	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	3.18	10.9	5.84	2.7	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	1.38	5.2	3.82	2.1	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	4.45	3.93	3.9	6.74	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	4.45	3.93	3.9	6.74	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	4.45	3.93	3.9	6.74	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	6	8	9	7	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.07	3.96	9.14	0.06	-0.11	0.69	-0.08	-1.77	2.19	-4.99	-14.98	-22.02	-19.15
Long-Term Debt/Equity (%)	- -	81.39	30.61	77.96	59.35	28.68	100.98	65.21	107.6	135.01	175.54	115.37	132.65
Long-Term Debt/Capital (%)	- -	47.41	57.26	49.96	67.72	78.55	100.16	104.85	95.84	109.81	131.79	172.81	152.15
Long-Term Debt/Total Assets (%)	- -	36.16	18.55	38.76	27.32	20.54	49.08	38.2	50.4	55.89	62.1	52.27	55.87
Total Debt/Equity (%)	- -	162.78	38.38	155.92	87.86	35.56	100.98	65.21	107.6	135.01	175.54	115.37	132.65
Total Debt/Capital (%)	- -	94.81	71.79	99.93	100.26	97.38	100.16	104.85	95.84	109.81	131.79	172.81	152.15
Total Debt/Total Assets (%)	- -	72.32	23.26	77.51	40.45	25.47	49.08	38.2	50.4	55.89	62.1	52.27	55.87
Net Debt to Equity	-100	76.63	16.6	74.36	57.44	27.67	-6.1	-9.54	-11.8	-12.26	-44.28	-13.28	-5.76
Net Debt/Capital (%)	100.07	45.91	42.08	48.78	67	77.94	-6.44	-18.13	-11.75	-11.08	-49.79	-24.82	-7.07
EBITDA	- -	- -	28	31	35	44	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	28	31	35	44	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	28	31	35	44	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API Chat

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	0.31	1.05	0.22	0.64	0.39	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	0.38	1.13	0.27	0.66	0.5	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	0.31	1.05	0.22	0.64	0.39	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	-0.58	0.12	-0.14	-6.3	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.07	3.96	9.14	0.06	-0.11	0.69	-0.08	-1.77	2.19	-4.99	-14.98	-22.02	-19.15
Long-Term Debt/Equity (%)	- -	81.39	30.61	77.96	59.35	28.68	100.98	65.21	107.6	135.01	175.54	115.37	132.65
Long-Term Debt/Capital (%)	- -	47.41	57.26	49.96	67.72	78.55	100.16	104.85	95.84	109.81	131.79	172.81	152.15
Long-Term Debt/Total Assets (%)	- -	36.16	18.55	38.76	27.32	20.54	49.08	38.2	50.4	55.89	62.1	52.27	55.87
Total Debt/Equity (%)	- -	162.78	38.38	155.92	87.86	35.56	100.98	65.21	107.6	135.01	175.54	115.37	132.65
Total Debt/Capital (%)	- -	94.81	71.79	99.93	100.26	97.38	100.16	104.85	95.84	109.81	131.79	172.81	152.15
Total Debt/Total Assets (%)	- -	72.32	23.26	77.51	40.45	25.47	49.08	38.2	50.4	55.89	62.1	52.27	55.87
CFO/Total Liabilities	- -	- -	0.09	-42.14	9.12	-13.45	-53.33	22.49	-29.34	-16.97	16.78	36.64	-11.73
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	-0.36	1.18	0.36	0.57	1.35	0.66	0.88	0.8	0.26	0.13	0.17	-0.2

Working Capital (USD)

API Chat

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	0.22	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	1,693.61	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	-1,693.61	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	180	190	207	223	353	399	556	341	388	289	- -
- Cash & Cash Equivalents	- -	7	32	8	4	3	20	38	51	51	153	46	20
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	236	89	337	206	119	336	261	468	567	608	399	469
Enterprise Value	- -	179	166	479	284	319	669	621	972	856	842	641	449
Total Capital	- -	249	124	337	206	122	335	249	488	516	461	231	308
Total Debt/Capital (%)	- -	94.81	71.79	99.93	100.26	97.38	100.16	104.85	95.84	109.81	131.79	172.81	152.15
Total Debt / EV	- -	1.32	0.53	0.7	0.73	0.37	0.5	0.42	0.48	0.66	0.72	0.62	1.05
EV/Sales	- -	- -	7.38	26.38	10.47	7.23	16.64	13.88	11.13	- -	- -	14.09	7.82
EV/EBITDA	- -	- -	5.95	15.52	8.04	7.23	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	5.95	15.52	8.04	7.23	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	25.89	- -	8.32	- -	- -	9.76	- -	- -	7.94	4.19	- -
EV/Free Cash Flow to Firm	- -	- -	25.89	- -	8.32	- -	- -	9.76	- -	- -	7.94	4.19	- -
Diluted Market Cap	- -	- -	180	190	207	223	353	399	556	341	388	289	- -
Diluted Enterprise Value	- -	229	236	519	409	339	669	621	972	856	842	641	449
EV per Share	- -	- -	11.06	29.65	17.41	15.55	26.92	20.33	31.41	26.2	23.59	16.41	- -
TTM Sales	- -	- -	23	18	27	44	40	45	87	-10	-27	46	57
TTM EBITDA	- -	- -	28	31	35	44	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	28	31	35	44	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	- -	6	-84	34	-11	-188	64	-145	-101	106	153	-57
TTM Free Cash Flow to Firm	- -	- -	6	-84	34	-11	-188	64	-145	-101	106	153	-57

Multiples (USD)

API Chat

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	1,275.82	-2.07	8.25	-12.52	-1.88	6.26	-3.84	-3.38	3.65	1.89	- -
EV/EBIT	- -	- -	5.95	15.52	8.04	7.23	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	179	166	479	284	319	669	621	972	856	842	641	449
Low Price	- -	12.8	9.95	8.83	11.88	10.25	10.75	2.8	12.74	10.27	9.13	6.44	5.24
EV/Sales	- -	- -	7.38	26.38	10.47	7.23	16.64	13.88	11.13	- -	- -	14.09	7.82
EV/EBITDA	- -	- -	5.95	15.52	8.04	7.23	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	11.59	17.11	10.77	6.1	11.12	11.29	7.26	- -	- -	9	- -
Price/Earnings Average	- -	- -	12.59	15.86	11.39	7.05	11.31	9.48	6.34	-23.25	-10	10.62	- -
Price/Earnings High	- -	- -	14.78	19.03	12.23	7.82	13.43	12.55	7.78	-29.82	-11.54	14.13	- -
Price/Earnings Low	- -	- -	9.64	12.83	10.09	5.74	8.41	2.42	5.15	-16.73	-8.19	7.86	- -
Price/Book Value	- -	- -	5.15	786.63	-381.49	69.68	-647.04	-33	27.41	-6.73	-2.64	-1.72	- -
Price/Book Value Average	- -	- -	5.59	729.29	-403.2	80.49	-657.68	-27.7	23.94	-9.22	-2.71	-2.03	- -
Price/Book Value High	- -	- -	6.57	874.78	-433.2	89.26	-781.27	-36.69	29.37	-11.82	-3.13	-2.69	- -
Price/Book Value Low	- -	- -	4.28	589.64	-357.14	65.58	-489.14	-7.09	19.44	-6.63	-2.22	-1.5	- -
Price/Tangible Book Value	- -	- -	0.78	0.88	0.88	0.67	1.06	1	1.28	0.81	1.12	0.83	- -
Price/Tangible Book Value Average	- -	- -	0.84	0.82	0.93	0.77	1.08	0.84	1.12	1.11	1.15	0.98	- -
Price/Tangible Book Value High	- -	- -	0.99	0.98	1	0.85	1.28	1.11	1.37	1.43	1.33	1.31	- -
Price/Tangible Book Value Low	- -	- -	0.65	0.66	0.83	0.63	0.8	0.21	0.91	0.8	0.94	0.73	- -
Price/Sales	- -	- -	7.98	10.48	7.63	5.06	8.79	8.9	6.36	-35.86	-14.33	6.34	- -
Price/Sales Average	- -	- -	8.67	9.72	8.06	5.85	8.93	7.47	5.56	-49.07	-14.71	7.48	- -
Price/Sales High	- -	- -	10.18	11.65	8.66	6.49	10.61	9.9	6.82	-62.95	-16.98	9.94	- -
Price/Sales Low	- -	- -	6.64	7.85	7.14	4.76	6.64	1.91	4.51	-35.31	-12.04	5.53	- -
Price/Cash Flow	- -	- -	1,275.82	-2.07	8.25	-12.52	-1.88	6.26	-3.84	-3.38	3.65	1.89	- -
Price/Cash Flow Average	- -	- -	1,385.89	-1.92	8.72	-14.46	-1.91	5.26	-3.35	-4.62	3.75	2.23	- -
Price/Cash Flow High	- -	- -	1,626.77	-2.3	9.37	-16.04	-2.27	6.96	-4.12	-5.93	4.33	2.96	- -
Price/Cash Flow Low	- -	- -	1,061.4	-1.55	7.73	-11.78	-1.42	1.34	-2.72	-3.33	3.07	1.65	- -
Price/Free Cash Flow Average	- -	- -	1,385.89	-1.92	8.72	-14.46	-1.91	5.26	-3.35	-4.62	3.75	2.23	- -
Price/Free Cash Flow High	- -	- -	1,626.77	-2.3	9.37	-16.04	-2.27	6.96	-4.12	-5.93	4.33	2.96	- -
Price/Free Cash Flow Low	- -	- -	1,061.4	-1.55	7.73	-11.78	-1.42	1.34	-2.72	-3.33	3.07	1.65	- -
EV/Sales Average	- -	- -	11.18	27.82	15.5	8.47	16.78	12.45	10.32	- -	- -	15.23	7.82
EV/Sales High	- -	- -	12.68	29.75	16.1	9.11	18.46	14.88	11.58	- -	- -	17.7	7.82
EV/Sales Low	- -	- -	9.15	25.95	14.58	7.39	14.49	6.89	9.28	- -	- -	13.28	7.82
EV/EBITDA Average	- -	- -	9.01	16.37	11.91	8.47	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	10.23	17.51	12.38	9.11	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	7.38	15.27	11.21	7.39	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	9.01	16.37	11.91	8.47	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	10.23	17.51	12.38	9.11	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	7.38	15.27	11.21	7.39	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	14.85	11.96	11.78	12.69	10.89	14.22	13.04	17.96	10.43	10.86	7.38	6.54
High Price	- -	16.72	15.25	13.1	14.41	13.95	17.17	14.5	19.25	18.31	12.87	11.58	8.2
Enterprise Value Average	- -	229	252	505	421	373	675	558	901	982	853	693	449
Enterprise Value High	- -	229	286	540	437	401	742	666	1,012	1,114	914	806	449
Enterprise Value Low	- -	229	206	471	396	326	583	308	810	851	781	605	449

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	9	10	16	16	18	25	25	31	31	35	38	40	40
Diluted Weighted Avg Shares	- -	- -	15	16	16	20	25	31	31	33	36	39	- -
Basic Weighted Avg Shares	- -	- -	15	16	16	20	25	31	31	33	36	39	- -
Revenue per Share	- -	- -	1.5	1.12	1.66	2.15	1.62	1.46	2.82	-0.29	-0.76	1.16	- -
EBITDA per Share	- -	- -	1.86	1.91	2.16	2.15	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	1.86	1.91	2.16	2.15	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	1.03	0.69	1.18	1.78	1.28	1.16	2.47	-0.61	-1.12	0.82	- -
Basic EPS from Cont Ops	- -	- -	1.03	0.69	1.18	1.78	1.28	1.16	2.47	-0.61	-1.12	0.82	- -
Diluted EPS, GAAP	- -	- -	1.03	0.69	1.18	1.78	1.28	1.16	2.47	-0.61	-1.12	0.82	- -
Diluted EPS from Cont Ops	- -	- -	1.03	0.69	1.18	1.78	1.28	1.16	2.47	-0.61	-1.12	0.82	- -
Dividend per Share	- -	- -	1.28	1.33	1.39	1.54	1.36	1.49	1.47	1.52	1.54	1.33	- -
Cash Flow per Share	- -	- -	0.01	-5.69	1.54	-0.87	-7.55	2.08	-4.68	-3.09	2.97	3.91	- -
Free Cash Flow per Basic Share	- -	- -	0.01	-5.69	1.54	-0.87	-7.55	2.08	-4.68	-3.09	2.97	3.91	- -
Cash & Equivalents per Share	- -	- -	6.81	2.96	7.93	1.14	0.82	1.25	1.66	1.58	4.29	1.17	- -
Book Value per Share	- -	- -	2.32	0.01	-0.03	0.16	-0.02	-0.4	0.66	-1.55	-4.11	-4.3	- -
Tangible Book Value per Share	- -	- -	15.4	13.36	14.39	16.33	13.38	13.1	14.04	12.85	9.7	8.84	- -

TriplePoint Venture Growth BDC Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)