TRTX (TRTX) financial statements
TRTX reported revenue of $146M in fiscal 2025, up 5.2% a year over 9 years.
Net income was $60M.
The diluted share count rose 92% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TRTX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92M | $122M | $141M | $167M | $177M | $156M | $145M | $116M | $153M | $146M |
| Selling, general and admin | $2M | $3M | $3M | $3M | $4M | $4M | $4M | $4M | $4M | $4M |
| Interest expense | $62M | $78M | $126M | $175M | $107M | $85M | $161M | $274M | — | — |
| Pre-tax income | $70M | $94M | $107M | $127M | -$137M | $140M | -$60M | -$116M | $75M | $61M |
| Income tax | -$5,000 | $146,000 | $340,000 | $579,000 | $305,000 | $1M | $530,000 | $259,000 | $399,000 | $378,000 |
| Net income | $70M | $94M | $107M | $126M | -$137M | $139M | -$60M | -$117M | $74M | $60M |
| EPS (diluted) | $1.69 | $1.74 | $1.70 | $1.73 | -$2.03 | $0.87 | -$0.95 | -$1.69 | $0.75 | $0.57 |
| Diluted shares | 41M | 54M | 63M | 73M | 77M | 82M | 77M | 78M | 80M | 79M |
| Net margin | 75.7% | 77.1% | 75.9% | 75.8% | -77.3% | 89.0% | -41.4% | -100.2% | 48.5% | 41.3% |
Balance sheet
Fiscal years, from TRTX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $103M | $75M | $40M | $79M | $320M | $261M | $254M | $206M | $190M | $88M |
| Total assets | $2.7B | $3.4B | $4.5B | $5.9B | $4.9B | $5.2B | $5.5B | $4.2B | $3.7B | $4.4B |
| Total liabilities | $1.7B | $2.2B | $3.2B | $4.4B | $3.4B | $3.8B | $4.2B | $3.1B | $2.6B | $3.3B |
| Shareholders' equity | $971M | $1.2B | $1.3B | $1.5B | $1.3B | $1.5B | $1.3B | $1.1B | $1.1B | $1.1B |
| Net debt | -$103M | -$75M | -$40M | -$79M | -$320M | -$261M | -$254M | -$206M | -$190M | -$88M |
Cash flow
Fiscal years, from TRTX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $86M | $91M | $108M | $122M | $132M | $132M | $100M | $80M | $112M | $90M |
| Capital spending | $500,000 | $111,000 | — | — | — | — | — | — | — | — |
| Free cash flow | $85M | $91M | — | — | — | — | — | — | — | — |
| Stock-based compensation | — | $33,000 | $665,000 | $3M | $6M | $6M | $5M | $8M | $6M | $10M |
| Share buybacks (net) | — | — | — | — | — | — | $0 | $0 | -$37,000 | -$25M |
| Free cash flow margin | 92.2% | 74.4% | — | — | — | — | — | — | — | — |
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What was TRTX's revenue in 2025?
$146M in fiscal 2025, from its 10-K filing.
From TRTX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.