v3.26.3
Condensed Consolidated Statements of Financial Condition (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 799,786 $ 826,105
Restricted cash [1] 13,250 13,166
Due from affiliates $ 519,536 $ 573,590
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Related Party Related Party
Investments (includes assets pledged of $76,924 and $603,322 as of September 30, 2026 and December 31, 2025, respectively [1] $ 10,277,810 $ 9,211,816
Intangible assets, net 551,458 659,839
Goodwill 498,188 498,188
Right-of-use assets 549,487 552,254
Deferred tax assets 983,296 860,676
Other assets 490,465 297,301
Total assets 14,683,276 13,492,935
Liabilities    
Accounts payable and accrued expenses 459,237 230,523
Due to affiliates $ 766,275 $ 694,632
Accounts Payable, Related and Nonrelated Party Status [Extensible Enumeration] Related Party Related Party
Debt obligations [1] $ 2,279,492 $ 1,722,547
Accrued performance allocation compensation 5,934,509 5,399,750
Operating lease liabilities 659,800 604,593
Other liabilities 616,718 704,515
Total liabilities 10,716,031 9,356,560
Commitments and contingencies (Note 12)
Equity    
Preferred stock, $0.001 par value, 25,000,000 shares authorized (0 issued and outstanding as of September 30, 2026 and December 31, 2025) 0 0
Additional paid-in-capital 1,764,591 1,476,444
Accumulated deficit (412,926) (291,604)
Accumulated other comprehensive income, net of tax (45) 0
Non-controlling interests 2,615,241 2,951,158
Total equity 3,967,245 4,136,375
Total liabilities and equity 14,683,276 13,492,935
Class A Common Stock    
Equity    
Common stock, value, issued 173 153
Class B Common Stock    
Equity    
Common stock, value, issued $ 211 $ 224
[1] The Company’s consolidated total assets and liabilities as of September 30, 2026 and December 31, 2025 include assets and liabilities of variable interest entities (“VIEs”). These assets can be used only to satisfy obligations of the VIEs, and the creditors of the VIEs have recourse only to these assets, and not to TPG Inc. See Notes 2, 7 and 8 to the Condensed Consolidated Financial Statements.