Trinity Capital Inc.

NASDAQ•TRIN

CEO: Mr. Steven Louis Brown

セクター: Financial Services

業種: Asset Management

上場日: 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.

連絡先情報

1N 1st Street, Suite 302, Phoenix, AZ, 85004, United States

480-374-5350

www.trinitycapital.com

時価総額

$1.09B

PER (TTM)

8.9

配当利回り

13.0%

52週高値

$17.20

52週安値

$13.75

52週レンジ

57%

順位54Top 78.1%

2.7

F-Score

改良版 Piotroski 分析

6年ファンダメンタル

弱い • 2.7 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2020-2025

財務ダッシュボード

Q4 2025 データ

売上高

$50.41M+0.00%

直近4四半期の推移

EPS

$0.51+0.00%

直近4四半期の推移

フリーCF

$1.17M+0.00%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Net Investment Income Rises Net investment income reached $144.1M USD, up 24.4% from $115.8M USD in 2024, driven by increased debt principal value.

Portfolio Fair Value Growth Total investments fair value grew to $2.418B USD as of December 31, 2025, supported by $967.6M USD in new investments during 2025.

Stable NAV Per Share Net asset value per share ended at $13.42 USD on December 31, 2025, a slight increase from $13.35 USD the prior year.

Internal Management Team Expansion Internally managed BDC employed 106 professionals by year-end 2025, including 66 investment and origination staff.

リスク要因

Reliance on Referral Networks Business model heavily depends on strong referral relationships with venture capital sponsors; failure to maintain impacts deal flow.

Interest Rate Sensitivity Exposure Rising interest rates increase borrowing costs on floating rate debt, potentially reducing net investment income and increasing default risk.

Level 3 Valuation Uncertainty Substantially all investments are Level 3 assets, requiring significant management judgment for fair value determination, creating inherent uncertainty.

Regulatory Leverage Limitations Operation as a BDC imposes asset coverage ratio requirements (150%) limiting ability to raise additional capital or incur leverage.

見通し

Expanding Co-Investment Platform Entered joint ventures like Direct Lending 2025 LLC and EPT, expanding capacity to co-invest alongside specialty credit managers.

Recent Capital Raising Activity Raised $21.3M USD net proceeds in early 2026 via ATM program, supporting investment objectives and general corporate needs.

Focus on Investment Structure Loans feature amortizing nature and structure designed to tie amortization to projected cash flow, reducing near-term default risk.

Maintaining Tax Status Requirements Must continue to meet Annual Distribution Requirement (90% payout) to maintain RIC tax treatment and avoid corporate tax liability.

同業比較

売上高 (TTM)

NMFC

$370.24M

+12.3%

GSBD

$304.84M

+58.4%

TRIN

$252.82M

+6.5%

粗利益率 (最新四半期)

MFIC

193.4%

-1.5pp

CGBD

106.8%

-2.4pp

BCSF

106.0%

-15.1pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
CSWC	$1.43B	13.4	11.2%	19.6%
MFIC	$1.09B	17.1	4.6%	60.0%
TRIN	$1.09B	8.9	14.1%	52.8%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

-5.7%

成長鈍化

4四半期純利益CAGR

13.4%

収益性の着実な向上

キャッシュフロー安定性

75%

キャッシュフローの変動が大きい

深度リサーチ

次回決算:2026年5月5日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし