Trinity Capital Inc.

NASDAQ•TRIN

執行長: Mr. Steven Louis Brown

板塊: Financial Services

行業: Asset Management

上市日期: 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.

聯絡資訊

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

480-374-5350

www.trinitycapital.com

市值

$1.14B

本益比 (TTM)

8.6

股息率

15.8%

52周最高

$17.20

52周最低

$12.50

52周範圍

56%

排名54Top 78.1%

2.7

F-Score

改良版 Piotroski 分析

基於 6 年期基本面

疲弱 • 2.7 / 9 分

評分區間 (0-9)

8-9: 價值優異

6-7: 基本面強勁

4-5: 整體穩健

0-3: 表現疲弱

資料區間: 2020-2025

財務儀表板

Q4 2025 數據

營業收入

$50.41M+0.00%

近4季度走勢

每股收益

$0.51+0.00%

近4季度走勢

自由現金流

$1.17M+0.00%

近4季度走勢

2025 Annual 財報亮點

核心亮點

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.

關注風險

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.

未來展望

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.

同行對比

營業收入 (TTM)

NMFC

$370.24M

+12.3%

GSBD

$304.84M

+58.4%

TRIN

$252.82M

+6.5%

毛利率 (最新季度)

MFIC

193.4%

-1.5pp

CGBD

106.8%

-2.4pp

BCSF

106.0%

-15.1pp

關鍵指標

股票代碼	市值	本益比 (TTM)	股東權益報酬率 (TTM)	負債率
CSWC	$1.37B	12.7	11.2%	19.6%
TRIN	$1.14B	8.6	14.1%	52.8%
GSBD	$1.06B	9.0	8.0%	55.5%

長期趨勢

近4季度

營業收入

淨利

營運現金流

4季度營業收入複合增長率

-5.7%

增長承壓

4季度淨利複合增長率

13.4%

盈利能力逐步提升

現金流穩定性

75%

現金流波動較大

深度研究

下次財報:2026年5月5日

每股收益:-

營業收入:-

財務數據

電話會議

財務報告

新聞

損益表

資產負債表

現金流量表

財務比率

變化率

損益表	過去12個月

無資料