Trinity Capital Inc. (TRIN) Revenue History
Annual and quarterly revenue from 2019 to present
TRIN Revenue Over Time (2019–2025)
TRIN Revenue Growth History
3 of 5 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +332.3%
- FY2022 revenue growth
- -75.2%
- FY2023 revenue growth
- +301.6%
- FY2024 revenue growth
- +35.8%
- FY2025 revenue growth
- -2.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $83.3M | — |
| Q4 2025 | $50.4M | — |
| Q3 2025 | $66.2M | — |
| Q2 2025 | $76.1M | — |
| Q1 2025 | $60.1M | — |
| Q4 2024 | $82.1M | — |
| Q3 2024 | $56.8M | — |
| Q2 2024 | $58.7M | — |
Multi-year avg. share of annual revenue by fiscal quarter
TRIN Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 21, 2026, Trinity Capital Inc. (TRIN) generated trailing twelve-month (TTM) revenue of $276.0 million, reflecting explosive growth of +38.7% year-over-year. The most recent quarter (Q1 2026) recorded $83.3 million in revenue, up 65.3% sequentially.
Historical Growth Trajectory
TRIN's 5-year compound annual growth rate (CAGR) stands at +41.7%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +74.7% exceeds the 5-year average, indicating an acceleration in the most recent period. Trinity Capital Inc.'s highest annual revenue of $237.4 million was recorded in 2024.
Peer Comparison
Compared to Financial Services sector peers — including ARCC, GBDC, and OBDC. Compare TRIN vs ARCC →
TRIN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TRINCurrent | $276M | +38.7% | +41.7% | 93.1% | |
 ARCC | $3.1B | - | - | 69.7% | |
 GBDC | $871M | - | - | 78.9% | |
 OBDC | $1.7B | - | - | 73.2% | |
 FSCO | $206M | - | - | 74.5% | |
 CGBD | $198M | - | - | 86.2% |
TRIN Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $232.3M | - | $232.3M | 100.0% | $216.2M | 93.1% |
| 2024 | $237.4M | - | $175.5M | 73.9% | $118.3M | 49.8% |
| 2023 | $174.8M | - | $141.7M | 81.1% | $129.7M | 74.2% |
| 2022 | $43.5M | - | $9.4M | 21.6% | $-27,986,000 | -64.3% |
| 2021 | $175.5M | - | $155.1M | 88.4% | $132.6M | 75.5% |
| 2020 | $40.6M | - | $23.8M | 58.7% | $-6,112,000 | -15.1% |
| 2019 | $0 | - | $0 | - | $-1,257,600 | - |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TRIN — Frequently Asked Questions
Quick answers to the most common questions about buying TRIN stock.
Is TRIN's revenue growth accelerating or slowing?
TRIN revenue growth is accelerating. TTM revenue reached $276M, up +38.7% year-over-year — ahead of the 5-year CAGR of +41.7%. This indicates the business is expanding faster than its historical baseline.
What is TRIN's revenue history from 2019 to 2026?
Trinity Capital Inc. (TRIN) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $276M, growing at +38.7% YoY. The 5-year CAGR is +41.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TRIN's long-term revenue growth rate (CAGR)?
Trinity Capital Inc.'s 5-year revenue CAGR of +41.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +38.7% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TRIN.
Why does TRIN's quarterly revenue fluctuate?
TRIN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Trinity Capital Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is TRIN's revenue distributed by segment?
TRIN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TRIN's revenue compare to industry peers?
Trinity Capital Inc. (TRIN) with TTM revenue of $276M and +38.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.