From Yahoo Finance: 2025-04-16 18:47:00

Triumph Financial CEO Aaron Graft remains optimistic despite a drop in stock price. The company’s network engagement hit 50% for the first time, but a slight negative margin was reported in the Payments group. Graft emphasizes a shift to more aggressive pricing to monetize the network and maintain long-term value.

In a recent letter to investors, Graft acknowledged Triumph’s stock price decline and market challenges. Despite this, he remains committed to the company’s growth targets and strategic vision. Triumph recently acquired Greenscreens.ai to enhance its Intelligence division, showcasing plans for further development and expansion.

Triumph Financial’s LoadPay service, designed for small to medium carriers, saw $5 million in payments in the first quarter. Graft plans to expand LoadPay accounts to between 5,000 and 10,000 by year-end. The service aims to provide faster access to funds for carriers, complementing the company’s factoring operations.

Graft highlighted the potential of LoadPay, emphasizing its higher revenue generation and efficiency compared to traditional factoring. The company views factoring as part of a larger suite of products, with LoadPay offering a more lucrative business model. Triumph is optimistic about the service’s future growth and impact on the bottom line.

Triumph Financial’s recent earnings were impacted by expenses related to new products like LoadPay and Factoring-as-a-Service. Despite this, revenue from these offerings is beginning to influence financial performance positively. The company secured C.H. Robinson as the first customer for its Factoring-as-a-Service product, signaling potential for further growth and collaboration. Contract rates have fallen, with a 7% decrease in contract rates and a 5% decrease in spot rates in 2025. This is the first time in three years that contract rates have been lower than spot rates, putting pressure on the industry.

Source: FreightWaves

Read more: Despite quarterly loss and battered stock, Triumph Financial stays aggressive