TPG Inc. (TPG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	4.7B	4.7B	2.6B	1.9B	1.5B
Cost of Revenue	193.4M	144.5M	87.5M	38.5M	21.6M
Gross Profit	4.5B	4.5B	2.5B	1.8B	1.5B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	677.8M	702.2M	583.7M	483.6M	372.2M
General & Admin Expense	677.8M	702.2M	583.7M	483.6M	372.2M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	3.0B	3.1B	2.0B	1.2B	1.1B
Total Operating Expenses	3.6B	3.8B	2.6B	1.7B	1.5B
Cost and Expenses	3.8B	4.0B	2.6B	1.8B	1.5B
Operating Income (EBIT)	825.9M	685.1M	(24.8M)	83.7M	(23.8M)
Non-Operating
Interest Income	90.1M	93.6M	82.7M	42.6M	9.2M
Interest Expense	101.3M	112.1M	87.5M	38.5M	21.6M
Net Interest Income	(11.2M)	(18.5M)	(4.8M)	4.1M	(12.4M)
Other Non-Op Income/Expense	(18.4M)	(18.5M)	—	—	—
Non-Operating Income (excl Interest)	(12.3M)	—	—	—	—
EBT (Pre-Tax Income)	807.5M	666.6M	(24.8M)	83.7M	(23.8M)
Income Tax Expense	129.4M	67.0M	52.1M	60.3M	32.5M
Bottom Line
Net Income	218.4M	184.6M	23.5M	80.1M	92.4M
Earnings from Cont. Ops	678.0M	599.6M	(76.9M)	23.4M	(56.2M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	191.1M	184.6M	(154.8M)	(11.7M)	(59.6M)
Per Share
Basic EPS	$1.22	$1.33	$0.23	$0.89	$1.10
Diluted EPS	$0.87	$1.21	$0.06	$0.22	($0.19)
Revenue Per Share	$28.35	$33.61	$26.18	$23.10	$18.98
Shares
Basic Shares Outstanding	164.7M	138.9M	100.2M	80.3M	79.3M
Diluted Shares Outstanding	369.4M	381.0M	364.7M	317.9M	308.9M
Profitability Metrics
EBITDA	1.0B	825.5M	110.6M	131.3M	9.2M
D&A	165.2M	137.6M	135.4M	47.7M	33.0M
EBIT	838.4M	687.9M	(24.8M)	83.7M	(23.8M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026