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TFIN

Triumph Financial, Inc.

TFIN

Triumph Financial, Inc. • NASDAQ
$54.61 ▼ -0.51% (-0.28)
Market Cap $1.30 B
52w High $107.76
52w Low $42.90
Dividend Yield 0%
P/E 195.04
Volume 66.06K
Outstanding Shares 23.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $109.281M ▼ $103.714M ▲ $907K ▼ 0.83% ▼ $0.04 ▼ $2.283M ▼
Q2-2025 $128.585M ▲ $100.84M ▲ $4.42M ▲ 3.437% ▲ $0.15 ▲ $18.144M ▲
Q1-2025 $119.46M ▼ $100.173M ▲ $17K ▼ 0.014% ▼ $-0.03 ▼ $8.406M ▼
Q4-2024 $121.121M ▼ $93.275M ▼ $3.838M ▼ 3.169% ▼ $0.13 ▼ $14.425M ▼
Q3-2024 $125.351M $95.646M $5.347M 4.266% $0.19 $15.312M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $244.777M ▼ $6.357B ▼ $5.438B ▼ $919.333M ▲
Q2-2025 $384.474M ▼ $6.495B ▲ $5.582B ▲ $912.382M ▲
Q1-2025 $608.171M ▲ $6.268B ▲ $5.374B ▲ $893.927M ▲
Q4-2024 $416.908M ▼ $5.949B ▲ $5.058B ▲ $890.919M ▲
Q3-2024 $892.466M $5.866B $4.98B $885.764M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.708M ▼ $24.404M ▲ $-29.184M ▲ $-130.344M ▼ $-182.895M ▲ $22.437M ▲
Q2-2025 $4.42M ▲ $9.136M ▲ $-411.181M ▼ $181.447M ▼ $-220.598M ▼ $6.855M ▲
Q1-2025 $17K ▼ $-2.957M ▼ $-155.61M ▲ $331.394M ▲ $172.827M ▲ $-7.97M ▼
Q4-2024 $3.838M ▼ $36.979M ▲ $-269.955M ▼ $73.813M ▲ $-159.163M ▼ $7.287M ▼
Q3-2024 $5.347M $21.214M $-97.838M $65.241M $-11.383M $20.399M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Credit and Debit Card
Credit and Debit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Financial Service
Financial Service
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Triumph Financial’s revenue has grown modestly over the past several years, but profits have been much more volatile. Earnings peaked a few years ago and have since come down sharply, suggesting margin pressure from higher costs, credit trends, funding costs, or stepped-up investment. The business remains profitable, yet recent years show that its earnings power is currently well below prior highs. Overall, the income statement tells a story of a niche bank–fintech platform in transition: stable top-line, but near‑term profitability being sacrificed, at least partly, to support growth and innovation.

Balance Sheet

Balance Sheet The balance sheet looks relatively steady in size, with total assets moving within a fairly narrow range. Cash levels are consistent with a specialized bank, and debt has come down from prior elevated levels, pointing to a more conservative funding mix. Shareholders’ equity has edged higher over time, which supports regulatory capital strength and resilience. In simple terms, Triumph appears to be gradually strengthening its capital base and reducing reliance on borrowings, which is constructive for a financial institution navigating a changing rate and credit environment.

Cash Flow

Cash Flow Operating cash flow has been solid but not spectacular, broadly matching the company’s earnings profile. Historically, free cash flow was positive, but the most recent period swung negative as the company significantly stepped up investment spending. This shift suggests that Triumph is intentionally plowing more cash into technology, platforms, and infrastructure rather than maximizing near‑term cash surplus. The trade‑off is clear: tighter short‑term cash flexibility in exchange for potential long‑term growth and competitive advantages.

Competitive Edge

Competitive Edge Triumph has carved out a distinctive position by focusing on the freight and trucking ecosystem rather than trying to be a broad, generalist bank. Its integrated platform—banking, factoring, and a specialized payments network—gives it a unique role in the flow of money across brokers, carriers, and factors. The TriumphPay network benefits from strong network effects: the more participants join, the more valuable it becomes, and the harder it is for rivals to displace. The bank charter also provides low‑cost funding and regulatory credibility that many pure fintechs lack. Key risks are concentration in a cyclical trucking industry, competition from larger banks and logistics tech platforms, and the need to keep expanding the network to preserve its edge.

Innovation and R&D

Innovation and R&D Innovation is clearly at the center of Triumph’s strategy. The company is building a transportation‑focused fintech stack, not just a traditional bank. TriumphPay, LoadPay, and the newer Intelligence offerings combine payments, banking, and data analytics to solve specific pain points in freight. Acquisitions like Greenscreens.ai and ISO deepen its data and pricing capabilities, while the TriumphX unit signals an ongoing commitment to experimentation and product development. Future initiatives—such as powering the Trusted Freight Exchange and moving toward a unified operating system for freight—could further entrench Triumph in industry workflows. The flip side is execution risk: integrating acquisitions, scaling new products, and maintaining technology leadership all require sustained investment and careful risk management.

Summary

Triumph Financial looks like a specialized, evolving bank–fintech hybrid: financially solid but currently absorbing the cost of growth. The income statement shows stable revenue with compressed profits, while the balance sheet and equity base appear to be gradually strengthening and less reliant on debt. Cash flows indicate deliberate reinvestment into technology and platforms, which is weighing on near‑term free cash flow. Competitively, Triumph’s tight focus on the freight and trucking ecosystem, its network effects in payments, and its bank charter give it a differentiated position that is not easy to copy. At the same time, industry concentration, economic cyclicality, and the demands of ongoing innovation are important uncertainties to monitor. Overall, this is a company trading some short‑term earnings and cash comfort for the chance to build a deeper, tech‑enabled moat in a specific financial niche.

NEWS

November 28, 2025 · 4:07 PM UTC

Triumph Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock

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November 14, 2025 · 4:07 PM UTC

Triumph to Present at the Stephens Annual Investment Conference on November 18, in Nashville, Tennessee

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November 12, 2025 · 8:30 AM UTC

NFI Expands Relationship with Triumph, Integrating Payments and Audit Solutions

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October 23, 2025 · 4:05 PM UTC

Triumph Earns Top 5 Spot on the 2026 FreightTech 25

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October 15, 2025 · 4:07 PM UTC

Triumph Releases Third Quarter 2025 Financial Results

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