TPG Inc. Financial Summary

Complete Filing Data

TPG Inc. reported Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents of $839.27 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean TPG Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Net Income *$184.6M$23.5M$80.1M$92.4M$0.00$0.00
Revenue *$2.42B$2.09B$1.53B$1.25B$977.9M$883.4M
Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable$364.2M$75.5M$23.7M$11.3M$2.46B$719.6M
Net Income Loss Attributable To Redeemable Noncontrolling Interest$0.00$0.00$12.0M$14.6M$155.1M-$195.9M
Revenue Not From Contract With Customer$2.25B$1.41B$855.3M$756.3M$4.00B$1.23B
Operating Expenses$4.09B$3.58B$2.36B$1.94B$916.6M$817.6M
Income Tax Expense Benefit$67.0M$52.1M$60.3M$32.5M$9.0M$9.8M
General And Administrative Expense$702.2M$583.7M$483.6M$368.9M$278.6M$260.7M
Nonoperating Income Expense$90.8M$53.4M$57.5M-$81.8M$605.2M$151.4M
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest$599.6M-$76.9M$11.3M-$77.1M$4.50B$1.63B
Income Taxes Paid Net$30.3M$42.3M$51.1M$48.3M$8.5M$6.8M
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable$50.8M-$175.9M-$92.4M-$180.8M
Interest Expense Operating$112.1M$87.5M$38.5M$21.6M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Net Income *$67.1M$14.9M$25.4M$9.0M-$14.0M$15.5M$14.7M$27.2M$25.1M$37.4M-$9.9M$41.3M$520.5M$2.14B$1.16B
Revenue *$596.5M$569.1M$543.5M$524.7M$522.8M$512.3M$366.1M$327.1M$311.5M$333.5M$290.0M$273.0M$279.9M$195.1M$210.2M
Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable$97.7M$46.0M$74.5M$3.1M$13.7M$30.5M-$65.0M$32.8M$34.6M$15.4M-$127.8M$118.9M$294.8M$890.9M$514.2M
Net Income Loss Attributable To Redeemable Noncontrolling Interest$0.00$0.00$0.00$5.1M$5.4M$1.5M$7.3M$4.1M$1.8M-$4.3M$73.9M$63.6M
Revenue Not From Contract With Customer$627.0M$351.5M$491.4M$330.7M$221.4M$311.8M-$205.8M$276.2M$331.7M$227.6M-$398.2M$837.7M$231.4M$1.99B$994.6M
Operating Expenses$1.03B$890.1M$947.9M$867.1M$776.5M$836.4M$256.2M$564.7M$620.1M$518.6M$54.2M$942.5M$224.2M$198.7M$194.6M
Income Tax Expense Benefit$28.9M$9.2M$6.3M$13.9M$22.4M$4.4M$8.2M$13.2M$12.1M$432.0K$8.1M$15.0M$1.3M$1.7M$3.1M
General And Administrative Expense$166.2M$182.3M$164.3M$141.3M$170.2M$151.6M$101.6M$104.5M$104.9M$95.5M$77.7M$102.3M$68.6M$61.2M$53.1M
Nonoperating Income Expense$35.9M$8.9M$7.2M$4.2M-$2.8M$7.7M$9.4M$14.6M$24.7M$11.1M-$91.9M$9.6M$234.7M$159.8M
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest$199.2M$30.1M$87.8M-$21.4M-$57.6M-$9.0M-$99.9M$34.6M$34.1M$45.9M-$266.6M$155.3M
Income Taxes Paid Net$6.8M$5.1M$1.9M$1.0M$3.2M
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable$34.4M-$30.9M-$12.1M-$33.5M-$57.3M-$55.0M-$49.6M-$25.3M-$25.5M
Interest Expense Operating$32.3M$25.3M$24.1M$21.8M$21.5M$21.1M$7.8M$8.5M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$839.3M$821.2M$678.4M$1.12B$985.9M$871.4M$633.7M
Stockholders Equity Including Portion Attributable To Noncontrolling Interest$4.14B$3.59B$3.36B$3.09B
Restricted Cash$13.2M$13.2M$13.2M$13.2M$13.1M$13.1M
Cash And Cash Equivalents At Carrying Value$826.1M$808.0M$665.2M$1.11B$972.7M$858.2M
Gain Loss On Investments-$2.8M-$29.3M$6.6M-$110.1M$353.2M-$5.8M
Equity Reallocation Between Controlling And Non Controlling Interests$0.00$0.00$0.00$0.00
Performance Earnings Agreement Accrued Compensation$5.40B$4.38B$4.10B$3.27B$0.00
Liabilities And Stockholders Equity$13.49B$10.54B$9.37B$7.94B$8.96B
Liabilities$9.36B$6.94B$6.01B$4.20B$1.70B
Equity Method Investments And Equity Securities FVNI$9.21B$7.50B$6.72B$5.33B$6.11B
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$18.1M$142.8M-$442.3M$134.8M$114.5M$237.6M
Assets$13.49B$10.54B$9.37B$7.94B$8.96B
Accounts Payable And Accrued Liabilities Current And Noncurrent$230.5M$211.9M$171.8M$98.2M$134.4M
Repayments Of Related Party Debt$891.0M$1.04B$150.0M$30.0M$50.0M$100.0M
Retained Earnings Accumulated Deficit-$291.6M-$187.0M-$34.7M$2.7M
Preferred Stock Value$0.00$0.00$0.00$0.00
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders$833.4M$656.8M$666.6M
Minority Interest Change In Redemption Value$0.00$27.4M$22.0M$88.4M-$264.6M
Gain Loss On Investments And Derivatives$0.00$667.0K$12.4M$235.2M-$258.0M
Minority Interest$2.95B$2.81B$2.78B$2.58B
Exchange Of Common Units To Common Stock Value$38.4M$1.1M
Goodwill$498.2M$436.1M$436.1M$230.2M$230.2M
Other Receivables$573.6M$447.0M$419.0M$202.6M
Long Term Debt$1.72B$1.28B$945.1M$444.6M
Accounts Payable Other Current And Noncurrent$694.6M$465.1M$143.2M$139.9M
Repayment Of Notes Receivable From Related Parties$0.00$0.00$14.9M$23.3M$9.5M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$1.09B$1.13B$835.3M$1.18B$1.13B$1.10B$1.24B$906.7M$945.2M$1.07B$1.19B$1.47B$1.80B$910.5M$742.4M
Stockholders Equity Including Portion Attributable To Noncontrolling Interest$3.77B$3.56B$3.50B$3.39B$3.31B$3.30B$3.04B$3.13B$3.00B$3.12B$3.06B$3.43B$6.26B
Restricted Cash$13.3M$13.2M$13.3M$13.3M$13.2M$13.3M$13.3M$13.2M$13.3M$13.2M$13.1M$13.1M$13.1M$13.1M$13.1M
Cash And Cash Equivalents At Carrying Value$1.08B$1.11B$822.0M$1.16B$1.12B$1.09B$1.22B$893.6M$931.9M$1.05B$1.18B$1.45B$1.78B$897.3M$729.2M
Gain Loss On Investments$212.0K-$791.0K-$2.1M-$8.5M-$16.7M-$5.2M-$4.2M$846.0K$14.8M$6.6M
Equity Reallocation Between Controlling And Non Controlling Interests$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Performance Earnings Agreement Accrued Compensation$5.04B$4.51B$4.44B$4.32B$4.17B$4.14B$3.25B$3.39B$3.23B$3.37B$3.41B$4.07B
Liabilities And Stockholders Equity$13.02B$11.97B$11.31B$10.52B$10.07B$9.94B$7.38B$7.77B$7.97B$8.60B$8.59B$9.66B
Liabilities$9.25B$8.41B$7.82B$7.13B$6.77B$6.64B$4.34B$4.38B$4.31B$4.83B$4.52B$5.24B
Equity Method Investments And Equity Securities FVNI$8.69B$7.93B$7.91B$7.36B$6.94B$6.83B$5.31B$5.80B$5.53B$5.73B$5.52B$6.35B
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$14.1M$425.7M-$175.4M$481.9M
Assets$13.02B$11.97B$11.31B$10.52B$10.07B$9.94B$7.38B$7.77B$7.97B$8.60B$8.59B$9.66B
Accounts Payable And Accrued Liabilities Current And Noncurrent$443.1M$338.8M$240.0M$439.1M$403.7M$277.8M$259.9M$186.0M$149.8M$225.3M$202.0M$186.8M
Repayments Of Related Party Debt$54.0M$919.5M$0.00
Retained Earnings Accumulated Deficit-$294.4M-$267.4M-$227.1M-$156.7M-$118.5M-$59.5M-$7.6M-$3.7M-$14.0M$459.0K-$4.8M$41.3M
Preferred Stock Value$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders$218.6M$184.0M$231.6M$141.6M$81.8M$270.9M$160.2M$247.8M
Minority Interest Change In Redemption Value$12.3M$16.3M-$1.2M-$31.7M$34.6M$63.5M
Gain Loss On Investments And Derivatives$0.00-$750.0K$2.7M$80.0M
Minority Interest$2.63B$2.57B$2.68B$2.66B$2.59B$2.58B$2.50B$2.60B$2.49B$2.62B$2.58B$2.90B
Exchange Of Common Units To Common Stock Value$9.0M$30.9M$15.8M$1.7M$5.2M$16.6M$1.1M
Goodwill$498.2M$436.1M$436.1M$436.1M$436.1M$436.1M
Other Receivables$361.1M$387.7M$308.0M$317.7M$315.0M$278.1M$209.9M$175.8M
Long Term Debt$1.79B$1.61B$1.48B$1.33B$1.23B$1.23B$443.8M$444.9M
Accounts Payable Other Current And Noncurrent$739.8M$634.9M$649.6M$408.2M$344.8M$400.1M$169.9M$124.8M
Repayment Of Notes Receivable From Related Parties$0.00$14.6M$147.0K

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Employee Benefits And Share Based Compensation$3.14B$2.77B$1.79B$1.52B$579.7M$522.7M
Depreciation Depletion And Amortization$144.5M$135.4M$47.7M$33.0M$21.2M$7.1M
Allocated Share Based Compensation Expense$813.7M$1.01B$654.9M$627.7M$0.00$0.00
Stock Issued During Period Value Share Based Compensation$0.00$0.00$0.00$187.0K
Payments Of Dividends Minority Interest$1.23B$832.5M$643.2M$662.8M$0.00$0.00
Payments For Proceeds From Productive Assets$28.8M$28.1M$16.7M$2.4M$1.8M$8.3M
Net Cash Provided By Used In Operating Activities$1.03B$532.1M$720.5M$1.38B$1.47B$95.4M
Net Cash Provided By Used In Investing Activities-$264.0M-$44.5M-$373.6M-$3.0M-$37.7M-$108.1M
Net Cash Provided By Used In Financing Activities-$750.4M-$344.9M-$789.2M-$1.24B-$1.32B$250.3M
Increase Decrease In Due To Affiliates$62.3M$26.6M-$161.8M-$12.5M$11.1M$3.9M
Increase Decrease In Accrued Performance Allocation Compensation-$803.6M-$647.1M-$505.0M-$672.4M$0.00$0.00
Increase Decrease In Accounts Payable And Accrued Liabilities-$4.9M$52.6M-$231.5M-$14.2M$51.1M$42.1M
Adjustments Related To Tax Withholding For Share Based Compensation$190.6M$67.7M$6.9M$13.2M
Proceeds From Long Term Lines Of Credit$1.34B$1.39B$651.0M$30.0M$200.0M$150.0M
Payments Of Debt Issuance Costs$9.0M$16.6M$900.0K$0.00$520.0K$0.00
Payments Related To Tax Withholding For Share Based Compensation$190.6M$67.7M$6.9M$0.00$0.00
Payments Of Capital Distribution$9.6M$0.00$0.00$355.3M$1.07B$298.6M
Payments To Acquire Notes Receivable$0.00$0.00$15.5M$9.1M$2.1M
Payments To Acquire Businesses Net Of Cash Acquired$16.3M$356.8M$0.00-$24.8M$0.00
Payments For Repurchase Of Redeemable Noncontrolling Interest$0.00$0.00$661.0M$352.0M$304.8M$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Employee Benefits And Share Based Compensation$791.8M$651.7M$728.1M$671.7M$552.8M$630.7M$139.0M$442.9M$499.1M$409.4M-$37.2M$825.4M$136.1M$128.5M$128.0M
Depreciation Depletion And Amortization$41.0M$30.8M$31.4M$32.4M$32.1M$33.0M$7.7M$8.3M$8.2M$7.4M$8.6M$8.7M$2.3M$1.5M$1.4M
Allocated Share Based Compensation Expense$158.4M$209.6M$205.8M$242.4M$227.5M$227.9M$136.7M$155.2M$157.3M$143.1M$145.1M$185.9M$0.00$0.00$0.00
Stock Issued During Period Value Share Based Compensation$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$187.0K
Payments Of Dividends Minority Interest$260.9M$211.2M$207.1M$0.00$192.9M
Payments For Proceeds From Productive Assets$6.3M$9.7M$896.0K$1.3M-$112.0K
Net Cash Provided By Used In Operating Activities$198.2M$436.7M$35.8M$713.6M$240.8M
Net Cash Provided By Used In Investing Activities-$6.3M-$25.3M-$896.0K-$636.0K-$8.7M
Net Cash Provided By Used In Financing Activities-$177.8M$14.3M-$210.3M-$231.1M-$361.1M
Increase Decrease In Due To Affiliates$39.3M$51.1M$29.1M$37.4M$27.4M
Increase Decrease In Accrued Performance Allocation Compensation-$237.0M-$148.0M-$265.7M-$2.6M$0.00
Increase Decrease In Accounts Payable And Accrued Liabilities$28.0M$106.0M$51.6M$74.4M$81.3M
Adjustments Related To Tax Withholding For Share Based Compensation$2.9M$1.6M$180.1M$991.0K$3.5M$58.0M$30.0K$456.0K$6.0M$13.2M
Proceeds From Long Term Lines Of Credit$255.0M$1.22B$0.00
Payments Of Debt Issuance Costs$0.00$16.5M$0.00
Payments Related To Tax Withholding For Share Based Compensation$180.1M$58.0M$6.0M$0.00
Payments Of Capital Distribution$0.00$355.3M
Payments To Acquire Notes Receivable$0.00$14.0M$8.9M
Payments To Acquire Businesses Net Of Cash Acquired$0.00$15.7M$0.00
Payments For Repurchase Of Redeemable Noncontrolling Interest

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Weighted Average Number Of Shares Outstanding Basic138.9M100.2M80.3M79.3M0.00
Weighted Average Number Of Diluted Shares Outstanding374.1M364.7M317.9M308.9M0.00
Earnings Per Share Diluted$0.45$-0.42$-0.04$-0.19$0.00
Earnings Per Share Basic$0.89$0.00$0.89$1.10$0.00
Preferred Stock Shares Outstanding0.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.00
Preferred Stock Shares Authorized25.0M25.0M25.0M25.0M25.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022
Weighted Average Number Of Shares Outstanding Basic150.5M133.4M117.4M103.4M101.7M89.1M80.6M80.5M79.5M79.3M79.2M79.2M
Weighted Average Number Of Diluted Shares Outstanding378.3M370.1M369.4M364.8M364.8M364.4M309.3M309.2M309.1M308.9M308.9M308.9M
Earnings Per Share Diluted$0.20$-0.05$0.00$-0.08$-0.19$-0.11$-0.09$0.02$-0.01$0.09$-0.37$0.11
Earnings Per Share Basic$0.33$0.03$0.08$0.04$-0.15$0.09$0.14$0.32$0.27$0.44$-0.15$0.52
Preferred Stock Shares Outstanding0.000.000.000.000.000.000.000.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.000.000.000.000.000.000.000.00
Preferred Stock Shares Authorized25.0M25.0M25.0M25.0M25.0M25.0M25.0M25.0M25.0M25.0M25.0M25.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Performance Earnings Agreement Performance Allocation Expense$1.43B$930.1M$591.7M$416.6M$0.00$0.00
Labor And Related Expense$894.4M$835.3M$547.4M$473.7M$579.7M$522.7M
Income Loss Attributable To Parent$666.6M-$24.8M$83.7M-$23.8M$4.67B$1.45B
Interest And Dividend Income Operating$93.6M$82.7M$42.6M$9.2M$500.0K$500.0K
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$867.0M$949.4M$640.0M$634.5M
Partners Capital Account Contributions$539.1M$220.9M$21.8M$29.8M$29.0M
Other Noncash Income Expense-$1.4M-$7.3M-$29.1M$3.1M-$45.7M-$31.3M
Interest Paid Net$92.1M$65.4M$33.5M$18.4M$15.7M$14.9M
Increase Decrease Due From Affiliates$118.6M$18.9M-$41.3M$42.4M$42.8M-$12.3M
Additional Paid In Capital$1.48B$970.7M$613.5M$506.6M
Partners Capital Including Portion Attributable To Noncontrolling Interest$6.26B$4.72B$4.26B

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Performance Earnings Agreement Performance Allocation Expense$419.4M$233.4M$298.7M$223.6M$133.8M$196.4M-$120.8M$172.1M$221.3M$149.5M-$298.0M$523.1M$0.00$0.00$0.00
Labor And Related Expense$214.0M$208.6M$223.6M$205.6M$191.5M$206.3M$123.2M$115.7M$120.5M$116.8M$115.6M$116.4M$136.1M$128.5M$128.0M
Income Loss Attributable To Parent$228.1M$39.3M$94.2M-$7.5M-$35.2M-$4.6M-$86.5M$53.2M$47.8M$53.6M-$254.4M$177.8M$521.8M$2.14B$1.16B
Interest And Dividend Income Operating$35.7M$9.7M$9.2M$12.7M$13.8M$12.9M$11.0M$10.0M$100.0K$100.0K$100.0K$100.0K$200.0K$200.0K
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$235.7M$203.6M$201.2M$229.2M$213.0M$216.3M$137.9M$154.6M$155.7M$144.2M$146.0M$190.5M
Partners Capital Account Contributions$105.2M$99.0M$62.2M$91.0M$36.9M$1.0M$1.3M$6.0M$2.8M$24.1M$3.6M$1.1M
Other Noncash Income Expense-$2.1M$1.2M-$9.6M-$16.6M-$7.5M
Interest Paid Net$27.7M$11.9M$3.9M$32.0K$249.0K
Increase Decrease Due From Affiliates-$537.0K-$119.2M-$3.3M$53.8M$29.4M
Additional Paid In Capital$1.44B$1.26B$1.05B$879.5M$832.4M$779.5M$542.4M$531.5M$522.9M$498.7M$489.3M$479.9M
Partners Capital Including Portion Attributable To Noncontrolling Interest$3.09B$7.32B$7.43B$5.74B

Most recent annual filing with the SEC: February 17, 2026

Data sourced from SEC EDGAR public filings as of August 9, 2026.