Trinity Capital Inc. (TRIN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 15.55M | 1.35M | 27.2M | 42.82M | -1.97M | 18.41M | -232.02M | -21.89M | -81.4M | -136.37M | 21.81M | 14.15M | 20.75M | -50.73M | 10.7M | -143.35M | -52.37M | -137.37M | -49.4M | -35.17M |
| Operating CF Margin % | 18.67% | 2.68% | 41.07% | 56.27% | -3.28% | 22.42% | -408.45% | -37.28% | -204.5% | -336.94% | 54.73% | 32.29% | 46.42% | -277.41% | 132.82% | -1430.48% | -730.25% | -201.6% | -130.52% | -103.14% |
| Operating CF Growth % | 889.44% | -92.67% | 111.72% | 295.61% | 97.58% | 113.5% | -1163.84% | -254.67% | -492.37% | -168.79% | 103.76% | 109.87% | 139.62% | 63.07% | 121.67% | -307.57% | -275510.53% | -2492.84% | -737.02% | -771.07% |
| Net Income | 29.83M | 68.5M | 27.64M | 41.41M | 27.09M | 45.86M | 24.4M | 30.83M | 14.51M | 17.7M | 16.82M | 19.88M | 22.49M | -1.59M | -12M | -7.72M | -9.06M | 55.11M | 27.18M | 24.71M |
| Depreciation & Amortization | 0 | -33.42M | 0 | 0 | 0 | 1.64M | 1.45M | 1.24M | 1.07M | 1.07M | 0 | 0 | -3.52M | 13.65M | 1.07M | 845K | 808K | 1.18M | 2.85M | 904K |
| Stock-Based Compensation | 0 | 3.17M | 0 | 0 | 0 | 2.37M | 2.83M | 2.88M | 2.46M | 2.38M | 0 | 0 | 1.76M | 1.73M | 1.65M | 1.77M | 911K | 917K | -1.69M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.68M | -53.51M | 638K | -14.67M | -1.86M | -31.64M | -258.37M | -56.18M | -95.29M | -151.78M | 1.2M | -2.82M | 7.47M | -64.79M | 11.77M | -131.93M | -44.55M | -193.01M | -76.41M | -61.94M |
| Working Capital Changes | -17.96M | 16.6M | -1.08M | 16.08M | -27.19M | 182K | -2.33M | -656K | -4.15M | -5.74M | 3.79M | -2.9M | -7.45M | 268K | 8.21M | -6.31M | -472K | -1.57M | -1.33M | 1.16M |
| Change in Receivables | 957K | 433K | -1.8M | -1.04M | -84K | 405K | -2.97M | -664K | -2.11M | -286K | 1.2M | -1.67M | -500K | 742K | -299K | -2.12M | -931K | -1.07M | -416K | 412K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.95M | -742K | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -13.13M | 20.32M | 4.44M | 1.6M | -8.33M | 0 | 0 | 0 | 0 | 0 | 2.1M | 1.82M | -5.77M | 1.18M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -61.73M | -166.78M | -210.9M | -166.53M | -61.48M | -136K | -125K | -126K | -33K | -525K | 32.93M | -51.41M | -343K | -88K | -130K | -36K | 60K | -47K | -335K | -332K |
| Capital Expenditures | -415K | -180K | -71K | -180K | -106K | -136K | -125K | -126K | -33K | -525K | -749K | -1.13M | -343K | -88K | -106K | 0 | 0 | -47K | -335K | -332K |
| CapEx % of Revenue | 0.5% | 0.36% | 0.11% | 0.24% | 0.18% | 0.17% | 0.22% | 0.21% | 0.08% | 1.3% | 1.88% | 2.57% | 0.77% | 0.48% | 1.32% | - | - | 0.07% | 0.89% | 0.97% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 2.48B | 2.42B | 2.19B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.79M |
| Other Investing | 0 | 45.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.71M | 66.66M | -24K | -36K | 60K | 0 | 0 | 0 |
| Cash from Financing | 46.7M | 175.07M | 166.91M | 141.58M | 62.21M | -17.18M | 194.58M | 56.15M | 88.64M | 134.42M | -59.78M | 41.18M | -22.67M | 27.29M | 10.34M | 127.93M | 34.25M | 143.85M | 55.58M | 18.68M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 78.28M | 95.05M | 77.5M | 86.96M | 30.47M | -547K | -799K | -798K | -1.58M | -637K | 91.69M | 9.54M | 1.99M | -2.26M | 23.15M | -23.92M | -2K | -138K | 0 | 0 |
| Dividends Paid | -83.52M | -37.78M | -35.15M | -32.28M | -31.15M | -29.11M | -26.11M | -24.49M | -22.82M | -22.95M | -18.86M | -16.33M | -20.66M | -20.44M | -39.9M | 7.93M | -8.75M | -8.09M | -6.77M | -6.26M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -547K | -799K | -798K | -1.58M | -637K | 0 | 0 | -2.06M | -2.26M | 23.15M | -23.92M | -2K | -138K | 0 | 0 |
| Other Financing | -1.6M | -838K | -1.06M | -768K | -1.7M | 49.67M | 79.38M | 46.93M | 24.24M | 45M | -604K | -527K | 0 | -5K | 52.09M | 57.91M | 0 | -3.92M | -2.65M | -54K |
| Net Change in Cash | 521K | 9.64M | -16.78M | 17.87M | -1.24M | 1.09M | -37.57M | 34.13M | 7.21M | -2.47M | -5.04M | 3.92M | -2.27M | -23.53M | 20.91M | -15.46M | -18.06M | 6.43M | 5.85M | -16.82M |
| Free Cash Flow | 15.14M | 1.17M | 27.13M | 42.64M | -2.08M | 18.27M | -232.15M | -22.02M | -81.43M | -136.89M | 21.06M | 13.03M | 20.4M | -50.82M | 10.6M | -143.35M | -52.37M | -137.42M | -49.74M | -35.5M |
| FCF Margin % | 18.17% | 2.32% | 40.97% | 56.04% | -3.45% | 22.25% | -408.67% | -37.49% | -204.59% | -338.24% | 52.85% | 29.72% | 45.65% | -277.89% | 131.51% | -1430.48% | -730.25% | -201.67% | -131.41% | -104.11% |
| FCF Growth % | 829.14% | -93.6% | 111.69% | 293.67% | 97.45% | 113.35% | -1202.26% | -269.02% | -499.13% | -169.36% | 98.73% | 109.09% | 138.96% | 63.02% | 121.31% | -303.76% | -10188.02% | -2576.48% | -743.58% | -780.53% |
| FCF per Share | 0.18 | 0.02 | 0.38 | 0.65 | -0.03 | 0.29 | -3.98 | -0.41 | -1.61 | -2.85 | 0.48 | 0.33 | 0.53 | -1.45 | 0.29 | -4.18 | -1.91 | -4.50 | -1.66 | -1.34 |
| FCF Conversion (FCF/Net Income) | 0.34x | 0.03x | 0.98x | 1.03x | -0.07x | 0.40x | -9.51x | -0.71x | -5.61x | -7.70x | 1.30x | 0.71x | 0.92x | 31.93x | -0.89x | 18.56x | 5.78x | -2.49x | -1.82x | -1.42x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 31.54M | 1.97M | 10.69M | 10.34M | 9.15M | 0 | 0 | 0 | 0 | 7.88M | 6.68M | 5.6M | 3.96M | 2.79M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |