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Trinity Capital Inc.(TRIN)Earnings, Financials & Key Ratios
TRIN•NASDAQ•Banking & Credit
8.6× P/E·Price updated Jun 19, 2026
AboutTrinity Capital Inc. is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc. was founded in 2019 is based in Phoenix, Arizona with additional offices in Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.Show more
- Net Interest Income$213M+29.3%
- Total Revenue$232M-2.2%
- Net Income$136M+17.3%
- Return on Equity14.15%-12.2%
- Net Interest Margin8.58%-7.7%
- Efficiency Ratio6.93%-71.3%
- ROA6.37%-15.0%
- Equity / Assets44.03%-5.1%
- Book Value per Share15.79+8.8%
TRIN Key Insights
Trinity Capital Inc. (TRIN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 8.6%
- ✓Efficient operations: 6.9% efficiency ratio
- ✓Well capitalized: 44.0% equity/assets
- ✓Trading near 52-week high
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Dividend payout exceeds 100% of earnings
- ✗Shares diluted 22.1% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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TRIN Price & Volume
Trinity Capital Inc. (TRIN) stock price & volume — 10-year historical chart
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TRIN Growth Metrics
Trinity Capital Inc. (TRIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years41.74%
3 Years74.73%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM20.18%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-5.94%
Return on Capital
10 Years6.99%
5 Years8.83%
3 Years9.68%
Last Year10.23%
TRIN Recent Earnings
Trinity Capital Inc. (TRIN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (45%)●Beat Revenue 4/12 qtrs (36%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.53+1.9%
$0.52
Rev
$90M+5.0%
$86M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.52+2.0%
$0.51
Rev
$83M+3.7%
$80M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.52+0.0%
$0.52
Rev
$66M-17.0%
$80M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.53+1.9%
$0.52
Rev
$62M-10.3%
$69M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.53vs $0.52+1.9% | $90Mvs $86M+5.0% |
| Q1 2026 | Feb 25, 2026 | $0.52vs $0.51+2.0% | $83Mvs $80M+3.7% |
| Q4 2025 | Nov 5, 2025 | $0.52vs $0.52+0.0% | $66Mvs $80M-17.0% |
| Q3 2025 | Aug 6, 2025 | $0.53vs $0.52+1.9% | $62Mvs $69M-10.3% |
Based on last 12 quarters of dataView full earnings history →
TRIN Peer Comparison
Trinity Capital Inc. (TRIN) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ARCC | 12.95B | 18.03 | 9.69 | 32.87% | 43.69% | 8.11% | 1.12 | |
 GBDC | 3.22B | 12.35 | 8.70 | 42.5% | 26.91% | 5.24% | 1.23 | |
 OBDC | 5.4B | 10.87 | 8.77 | 52.55% | 27.51% | 4.83% | 1.26 | |
 FSCO | 997.19M | 4.93 | 6.49 | -18.64% | 10.48% | 0.20 | ||
 CGBD | 760.99M | 10.95 | 10.84 | 17.9% | 23.81% | 4.42% | 1.31 | |
 SLRC | 677.57M | 12.42 | 7.31 | 24.76% | 39.78% | 7.31% | 1.15 | |
 HTGC | 2.9B | 15.49 | 8.37 | 26.97% | 50.05% | 13.18% | 1.04 | |
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 |
Compare TRIN vs Peers
Trinity Capital Inc. (TRIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRIN Income Statement
Trinity Capital Inc. (TRIN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Net Interest Income | 0 | 34.48M | 56.23M | 104.69M | 130.54M | 164.78M | 213.09M | -14.44M |
NII Growth % | - | - | 63.08% | 86.17% | 24.7% | 26.23% | 29.32% | -429.72% |
Net Interest Margin % | 0% | 6.16% | 6% | 9.29% | 9.96% | 9.29% | 8.58% | -0.56% |
Interest Income | 0 | 51.26M | 76.63M | 138.84M | 174.84M | 226.73M | 293.65M | 72.58M |
Interest Expense | 0 | 16.77M | 20.39M | 34.15M | 44.3M | 61.95M | 80.56M | 87.01M |
Loan Loss Provision | 0 | 0 | 0 | 0 | -11.2M | 0 | -80.56M | -30.72M |
Non-Interest Income | 0 | -10.66M | 98.85M | -95.3M | 0 | 10.71M | -61.4M | 203.47M |
Non-Interest Income % | - | -26.26% | 56.33% | -218.88% | 0% | 4.51% | -26.44% | 73.71% |
Total Revenue | 0▲ 0% | 40.59M▲ 0% | 175.48M▲ 332.3% | 43.54M▼ 75.2% | 174.84M▲ 301.6% | 237.44M▲ 35.8% | 232.25M▼ 2.2% | 276.05M▲ 0% |
Revenue Growth % | - | - | 332.27% | -75.19% | 301.57% | 35.81% | -2.19% | 46.21% |
Non-Interest Expense | 1.26M | 29.93M | 22.51M | 37.38M | 12.01M | 57.22M | 16.09M | 24.4M |
Efficiency Ratio | - | 73.74% | 12.83% | 85.85% | 6.87% | 24.1% | 6.93% | 8.84% |
Operating Income | -1.26M▲ 0% | -6.11M▼ 386.0% | 132.57M▲ 2269.1% | -27.99M▼ 121.1% | 129.74M▲ 563.6% | 118.27M▼ 8.8% | 216.17M▲ 82.8% | 195.35M▲ 0% |
Operating Margin % | - | -15.06% | 75.55% | -64.28% | 74.21% | 49.81% | 93.07% | 70.77% |
Operating Income Growth % | - | -386.01% | 2269.09% | -121.11% | 563.6% | -8.84% | 82.77% | - |
Pretax Income | -524K▲ 0% | -6.11M▼ 1066.4% | 132.57M▲ 2269.1% | -27.99M▼ 121.1% | 79.45M▲ 383.9% | 118.27M▲ 48.9% | 135.6M▲ 14.7% | 155.31M▲ 0% |
Pretax Margin % | - | -15.06% | 75.55% | -64.28% | 45.44% | 49.81% | 58.39% | 56.26% |
Income Tax | 0 | 0 | 255K | 2.39M | 2.56M | 2.68M | 0 | 1.26M |
Effective Tax Rate % | 0% | 0% | 0.19% | -8.54% | 3.22% | 2.26% | 0% | 0.81% |
Net Income | -524K▲ 0% | -6.11M▼ 1066.4% | 132.32M▲ 2264.9% | -30.38M▼ 123.0% | 76.89M▲ 353.1% | 115.6M▲ 50.3% | 135.6M▲ 17.3% | 154.04M▲ 0% |
Net Margin % | - | -15.06% | 75.4% | -69.77% | 43.98% | 48.68% | 58.39% | 55.8% |
Net Income Growth % | - | -1066.41% | 2264.92% | -122.96% | 353.15% | 50.33% | 17.31% | 20.18% |
Net Income (Continuing) | -524K | -6.11M | 132.32M | -30.38M | 76.89M | 115.6M | 135.6M | 154.04M |
EPS (Diluted) | -0.02▲ 0% | -0.23▼ 1011.1% | 4.86▲ 2213.0% | -0.96▼ 119.8% | 1.89▲ 296.9% | 2.10▲ 11.1% | 1.96▼ 6.7% | 1.84▲ 0% |
EPS Growth % | - | -1011.11% | 2213.04% | -119.75% | 296.88% | 11.11% | -6.67% | -5.94% |
EPS (Basic) | -0.02 | -0.23 | 4.86 | -0.96 | 2.07 | 2.19 | 1.96 | - |
Diluted Shares Outstanding | 25.31M | 26.42M | 27.23M | 31.67M | 42.71M | 56.73M | 69.29M | 83.64M |
TRIN Balance Sheet
Trinity Capital Inc. (TRIN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 0 | 44.66M | 31.68M | 10.61M | 4.76M | 9.63M | 19.11M | 74.46M |
Cash & Due from Banks | 0 | 44.66M | 31.68M | 10.61M | 4.76M | 9.63M | 19.11M | 19.63M |
Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Investments | 0 | 27.65M | 0 | 0 | 1.28B | 0 | 2.42B | 2.48B |
Investments Growth % | - | - | -100% | - | - | -100% | - | 0% |
Long-Term Investments | 0 | 27.65M | 0 | 0 | 1.28B | 0 | 2.42B | 4.61B |
Accounts Receivables | 0 | 3.47M | 5.55M | 9.97M | 0 | 16.54M | 19.03M | 18.07M |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 0 | 0 | 0 | 0 | 5.3M | 0 | 0 | 0 |
Other Assets | 6.2M | 483.19M | 899.19M | 1.11B | 11.29M | 1.75B | 27.15M | 0 |
Total Current Assets | 0 | 48.87M | 37.93M | 20.58M | 15.97M | 26.17M | 39.24M | 37.7M |
Total Non-Current Assets | 6.2M | 510.84M | 899.19M | 1.11B | 1.29B | 1.75B | 2.45B | 0 |
Total Assets | 6.2M▲ 0% | 559.71M▲ 8924.6% | 937.12M▲ 67.4% | 1.13B▲ 20.2% | 1.31B▲ 16.4% | 1.77B▲ 35.3% | 2.48B▲ 40.0% | 2.56B▲ 0% |
Asset Growth % | - | 8924.64% | 67.43% | 20.2% | 16.38% | 35.34% | 40.03% | 143.01% |
Return on Assets (ROA) | -8.45% | -2.16% | 17.68% | -2.94% | 6.31% | 7.49% | 6.37% | 6.6% |
Accounts Payable | 0 | 4.95M | 9.8M | 21.33M | 19.36M | 31.45M | 0 | 0 |
Total Debt | 0 | 299.75M | 455.35M | 610.59M | 646.89M | 877.67M | 1.31B | 0 |
Net Debt | 0 | 255.09M | 423.66M | 599.98M | 642.13M | 868.05M | 1.29B | -19.63M |
Long-Term Debt | 0 | 299.75M | 455.35M | 610.59M | 639.61M | 877.67M | 1.3B | 0 |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 1.72M | 0 |
Other Liabilities | 6.73M | 16.27M | 25.43M | 34.87M | 12.29M | 42.13M | 78.9M | 1.39B |
Total Current Liabilities | 0 | 4.95M | 9.8M | 21.33M | 43.41M | 31.45M | 1.72M | 0 |
Total Non-Current Liabilities | 6.73M | 316.01M | 480.78M | 645.46M | 658.29M | 919.81M | 1.39B | 1.39B |
Total Liabilities | 6.73M | 320.96M | 490.58M | 666.79M | 699.82M | 951.26M | 1.39B | 1.39B |
Total Equity | -524K▲ 0% | 238.75M▲ 45662.6% | 446.53M▲ 87.0% | 459.65M▲ 2.9% | 611.16M▲ 33.0% | 822.98M▲ 34.7% | 1.09B▲ 32.9% | 1.17B▲ 0% |
Equity Growth % | - | 45662.6% | 87.03% | 2.94% | 32.96% | 34.66% | 32.93% | 140.59% |
Equity / Assets (Capital Ratio) | -8.45% | 42.66% | 47.65% | 40.81% | 46.62% | 46.39% | 44.03% | 45.63% |
Return on Equity (ROE) | - | -5.13% | 38.62% | -6.7% | 14.36% | 16.12% | 14.15% | 14.73% |
Book Value per Share | -0.02 | 9.04 | 16.40 | 14.51 | 14.31 | 14.51 | 15.79 | 13.94 |
Tangible BV per Share | -0.02 | 9.04 | 16.40 | 14.51 | 14.31 | 14.51 | 15.79 | 13.94 |
Common Stock | 0 | 18K | 27K | 35K | 46K | 62K | 82K | 88K |
Additional Paid-in Capital | 0 | 263.37M | 368.61M | 480.53M | 633.74M | 829.63M | 1.1B | 0 |
Retained Earnings | -524K | -24.64M | 77.9M | -20.92M | -22.63M | -6.71M | -6.43M | -19.27M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
TRIN Cash Flow Statement
Trinity Capital Inc. (TRIN) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | 0 | -58.23M | -241.67M | 54.91M | -96.26M | -316.91M | -535.5M | 86.92M |
Operating CF Growth % | - | - | -315.06% | 122.72% | -275.29% | -229.22% | -68.98% | 1204.1% |
Net Income | -524K | -6.11M | 132.32M | -30.38M | 76.89M | 115.6M | 146.67M | 154.04M |
Depreciation & Amortization | 0 | 50K | -80.3M | 0 | 0 | -9.48M | -55.85M | -33.42M |
Deferred Taxes | 0 | 0 | 79.23M | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 0 | -58.21M | -374.72M | 79.6M | -167.69M | -424.97M | -642.77M | -63.85M |
Working Capital Changes | 524K | 6.04M | 731K | 5.69M | -5.46M | 1.95M | 4.4M | 13.63M |
Cash from Investing | 0 | -91.98M | -1.2M | -290.85M | -2.74M | -420K | -785K | -605.94M |
Purchase of Investments | 0 | 0 | -555.75M | -627.21M | 0 | -1.22B | -1.48B | -1.56B |
Sale/Maturity of Investments | 0 | 0 | 290.17M | 336.55M | 0 | 807.87M | 826.65M | 907.88M |
Net Investment Activity | 0 | 0 | -265.58M | -290.66M | 0 | -411.06M | -650.31M | -650.25M |
Acquisitions | 0 | -2.21M | 1.2M | 0 | 0 | 0 | 0 | 0 |
Other Investing | 0 | -89.52M | 265.58M | 0 | 0 | 410.64M | 650.31M | 45.16M |
Cash from Financing | 0 | 211.31M | 228.52M | 199.81M | 93.15M | 322.19M | 545.77M | 530.26M |
Dividends Paid | 0 | -10.35M | -24.93M | -61.16M | -78.8M | -102.53M | -136.37M | -188.73M |
Share Repurchases | 0 | 0 | -138K | -2.01M | -3.82M | -3.73M | 0 | 0 |
Stock Issued | 0 | 125M | 104.78M | 113.14M | 150.28M | 200.23M | 289.99M | 337.8M |
Net Stock Activity | 0 | 125M | 104.65M | 111.14M | 146.46M | 196.5M | 289.99M | 337.8M |
Debt Issuance (Net) | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
Other Financing | 0 | -22.03M | 97.58M | -1.03M | 0 | 0 | -4.36M | -4.27M |
Net Change in Cash | 0▲ 0% | 61.1M▲ 0% | -14.36M▼ 123.5% | -36.13M▼ 151.6% | -5.85M▲ 83.8% | 4.87M▲ 183.2% | 9.48M▲ 94.9% | 11.25M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Cash at Beginning | 0 | 0 | 61.1M | 46.74M | 10.61M | 4.76M | 9.63M | 19.11M |
Cash at End | 0 | 61.1M | 46.74M | 10.61M | 4.76M | 9.63M | 19.11M | 19.63M |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | 0▲ 0% | -58.48M▲ 0% | -242.88M▼ 315.3% | 54.72M▲ 122.5% | -99M▼ 280.9% | -317.33M▼ 220.5% | -535.5M▼ 68.8% | 86.08M▲ 0% |
FCF Growth % | - | - | -315.32% | 122.53% | -280.93% | -220.52% | -68.75% | 136.17% |
TRIN Banking Ratios
Trinity Capital Inc. (TRIN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -5.13% | 38.62% | -6.7% | 14.36% | 16.12% | 14.15% | 14.73% |
Return on Assets (ROA) | -2.16% | 17.68% | -2.94% | 6.31% | 7.49% | 6.37% | 6.6% |
Net Interest Margin | 6.16% | 6% | 9.29% | 9.96% | 9.29% | 8.58% | -0.56% |
Efficiency Ratio | 73.74% | 12.83% | 85.85% | 6.87% | 24.1% | 6.93% | 8.84% |
Equity / Assets | 42.66% | 47.65% | 40.81% | 46.62% | 46.39% | 44.03% | 45.63% |
Book Value / Share | 9.04 | 16.4 | 14.51 | 14.31 | 14.51 | 15.79 | 13.94 |
NII Growth | - | 63.08% | 86.17% | 24.7% | 26.23% | 29.32% | -108.37% |
Dividend Payout | - | 18.84% | - | 102.48% | 88.7% | 100.56% | 68.3% |
Related:TRIN Dividend History·TRIN Revenue History·TRIN Price History·TRIN P/E History·TRIN Financial Ratios·TRIN Institutional Holders
TRIN SEC Filings & Documents
Trinity Capital Inc. (TRIN) SEC filings — annual & quarterly reports (10-K, 10-Q)
TRIN Frequently Asked Questions
Trinity Capital Inc. (TRIN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Trinity Capital Inc. (TRIN) saw revenue decline by 2.2% over the past year.
Yes, Trinity Capital Inc. (TRIN) is profitable, generating $154.0M in net income for fiscal year 2025 (58.4% net margin).
Dividend & Returns
Yes, Trinity Capital Inc. (TRIN) pays a dividend with a yield of 11.69%. This makes it attractive for income-focused investors.
Trinity Capital Inc. (TRIN) has a return on equity (ROE) of 14.1%. This is reasonable for most industries.
Industry Metrics
Trinity Capital Inc. (TRIN) has a net interest margin (NIM) of 8.6%. This indicates healthy earnings from lending activities.
Trinity Capital Inc. (TRIN) has an efficiency ratio of 6.9%. This is excellent, indicating strong cost control.