logo
Twitter
Discord
Email
logo
Trinity Capital Inc.

Trinity Capital Inc.

NASDAQ•TRIN
CEO: Mr. Steven Louis Brown
Sector: Financial Services
Industry: Asset Management
Listing Date: 2021-01-29
Trinity Capital Inc. is a business development company specializing in term loans, equipment financing, and private equity-related investments. The firm provides tech lending, equipment financing, life sciences, warehouse lending, and sponsor finance sources. They provide investors with stable and consistent returns through access to the private credit market. Trinity Capital Inc. was founded in 2019 and is based in Phoenix, Arizona, with additional offices in San Diego, California.
Contact Information
1N 1st Street, Suite 302, Phoenix, AZ, 85004, United States
480-374-5350
www.trinitycapital.com
Market Cap
$1.23B
P/E (TTM)
8.2
0
Dividend Yield
10.5%
52W High
$16.82
52W Low
$12.50
52W Range
86%
Rank54Top 78.1%
2.7
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 2.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q3 2025 Data

Revenue

$66.23M+11.89%
4-Quarter Trend

EPS

$0.52+10.64%
4-Quarter Trend

FCF

$27.13M-111.69%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Investment Income Up Total investment income reached $210.4M for nine months, showing strong growth compared to $166.9M last year.
Net Assets Show Strong Growth Total net assets increased to $998.3M by September 30, 2025, reflecting portfolio appreciation and capital retention.
Diluted EPS Operational Improvement Net assets from operations per diluted share improved to $1.44 for the nine months ended September 30, 2025.
Total Assets Expanded Significantly Total assets grew to $2.25B as of September 30, 2025, driven by new investment deployment activities.

Risk Factors

Valuation Heavily Level 3 Dependent $2.15B in Level 3 investments rely on unobservable inputs, creating significant inherent valuation uncertainty.
Debt Non-Accrual Status Noted Debt investments on non-accrual status cost $56.2M, representing 1.0% of the total debt portfolio fair value.
Unfunded Commitment Exposure Aggregate unfunded commitments stand at $70.8M across eight portfolio companies as of September 30, 2025.
Market Volatility and Economic Risks Exposure remains high to geopolitical instability, interest rate fluctuations, and potential adverse economic conditions.

Outlook

Continued ATM Program Utilization Post-period, the Company raised $9.9M equity and $25.3M debt via ATM programs through November 3, 2025.
Stock Repurchase Program Authorized Board authorized a $30.0M stock repurchase program effective November 7, 2024, demonstrating capital confidence.
KeyBank Facility Maturity July 2029 The KeyBank Credit Facility remains available with $208.4M liquidity headroom as of September 30, 2025.

Peer Comparison

Revenue (TTM)

New Mountain Finance CorporationNMFC
$292.80M
+1.0%
Goldman Sachs BDC, Inc.GSBD
$291.45M
+38.4%
Trinity Capital Inc.TRIN
$268.05M
+46.0%

Gross Margin (Latest Quarter)

Horizon Technology Finance CorporationHRZN
81.0%
-5.2pp
Capital Southwest CorporationCSWC
69.4%
-57.4pp
Trinity Capital Inc.TRIN
68.3%
-12.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CSWC$1.36B15.29.9%19.5%
TRIN$1.23B8.215.9%0.0%
MFIC$1.08B10.87.2%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.7%
Moderate Growth
4Q Net Income CAGR
-15.5%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 25, 2026
|
EPS:$0.53
|
Revenue:$79.83M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $66.23M+11.9%
    |
    EPS: $0.52+10.6%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $76.09M+58.0%
    |
    EPS: $0.63+3.3%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $62.67M+126.6%
    |
    EPS: $0.43+38.7%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: May 5, 2025|
    Revenue: $237.44M+35.8%
    |
    EPS: $2.19+5.8%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $59.19M+31.4%
    |
    EPS: $0.47-21.7%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $48.15M+51.2%
    |
    EPS: $0.61+10.9%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $27.66M-17.7%
    |
    EPS: $0.31-51.6%
    Miss