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Trinity Capital Inc. 7.875% Notes Due 2029(TRINI)Earnings, Financials & Key Ratios
TRINI•NASDAQ•Banking & Credit
$25.36
$1.13B mkt cap·12.9× P/E·Price updated May 6, 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-$81M
- Total Revenue$232M+2.4%
- Net Income$136M+17.3%
- Return on Equity14.15%-12.2%
- Net Interest Margin-3.24%
- Efficiency Ratio6.93%+10.8%
- ROA6.37%-15.0%
- Equity / Assets44.03%-5.1%
- Book Value per Share15.79+8.8%
- Tangible BV/Share15.79+8.8%
- Debt/Equity1.20+11.5%
TRINI Key Insights
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 6.9% efficiency ratio
- ✓Well capitalized: 44.0% equity/assets
- ✓Diversified revenue: 100.0% from non-interest income
- ✓Trading near 52-week high
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Weak NIM of -3.2%
- ✗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.
TRINI Price & Volume
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) stock price & volume — 10-year historical chart
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TRINI Growth Metrics
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years35.28%
3 Years18.71%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM20.18%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM0.46%
Return on Capital
10 Years-24.65%
5 Years9.93%
3 Years10.71%
Last Year10.15%
TRINI Recent Earnings
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/5 qtrs (100%)●Beat Revenue 1/5 qtrs (25%)
Q2 2026Latest
May 6, 2026EPS
$0.53
Est $0.52
+1.9%
Revenue
$83M
Est $86M
-3.0%
Q1 2026
Feb 25, 2026EPS
$0.52
Est $0.52
+0.8%
Revenue
$83M
Est $80M
+3.7%
Q4 2025
Nov 5, 2025EPS
$0.53
Revenue
$73M
Q3 2025
Aug 6, 2025EPS
$0.63
Est $0.52
+21.0%
Revenue
$67M
Est $69M
-3.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.53vs $0.52+1.9% | $83Mvs $86M-3.0% |
| Q1 2026 | Feb 25, 2026 | $0.52vs $0.52+0.8% | $83Mvs $80M+3.7% |
| Q4 2025 | Nov 5, 2025 | $0.53 | $73M |
| Q3 2025 | Aug 6, 2025 | $0.63vs $0.52+21.0% | $67Mvs $69M-3.5% |
Based on last 5 quarters of dataView full earnings history →
TRINI Peer Comparison
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) 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 |
|---|---|---|---|---|---|---|---|---|
 TRIN | 1.2B | 17.28 | 8.82 | -2.19% | 14.73% | 1.20 | ||
 GBDC | 3.47B | 13.31 | 9.37 | 42.5% | 5.24% | 1.23 | ||
 ARCC | 13.76B | 19.16 | 10.30 | 32.87% | 8.11% | 1.12 | ||
 FSCO | 1.04B | 5.23 | 5.51 | -17.44% | 13.47% | 0.32 | ||
 SLRC | 761.04M | 13.95 | 8.21 | 24.76% | 7.31% | 1.15 | ||
 PFLT | 913.8M | 9.21 | 12.79 | 2.2% | 3.23% | 1.65 | ||
 HTGC | 3.02B | 16.44 | 8.89 | 26.97% | 13.18% | 1.04 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 |
Compare TRINI vs Peers
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRINI Income Statement
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | -80.56M | -44.87M |
| NII Growth % | - | - | - | - | - | - | - | 0% |
| Net Interest Margin % | 0% | 0% | 0% | 0% | 0% | 0% | -3.24% | -1.76% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 80.56M | 68.97M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 43.52M | -80.56M | -10.94M |
| Non-Interest Income | 0 | 51.26M | 76.63M | 138.84M | 174.84M | 226.73M | 232.25M | 273.01M |
| Non-Interest Income % | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Total Revenue | 0▲ 0% | 51.26M▲ 0% | 76.63M▲ 49.5% | 138.84M▲ 81.2% | 174.84M▲ 25.9% | 226.73M▲ 29.7% | 232.25M▲ 2.4% | 273.01M▲ 0% |
| Revenue Growth % | - | - | 49.5% | 81.18% | 25.93% | 29.68% | 2.44% | 79.94% |
| Non-Interest Expense | 1.26M | 14.82M | 22.51M | 37.38M | 45.1M | 14.18M | 16.09M | -21.37M |
| Efficiency Ratio | - | 28.91% | 29.38% | 26.92% | 25.79% | 6.25% | 6.93% | -7.83% |
| Operating Income | -1.26M▲ 0% | 36.44M▲ 2997.2% | 54.12M▲ 48.5% | 101.46M▲ 87.5% | 129.74M▲ 27.9% | 169.04M▲ 30.3% | 216.17M▲ 27.9% | 230.32M▲ 0% |
| Operating Margin % | - | 71.09% | 70.62% | 73.08% | 74.21% | 74.55% | 93.07% | 84.36% |
| Operating Income Growth % | - | 2997.19% | 48.53% | 87.48% | 27.88% | 30.29% | 27.88% | - |
| Pretax Income | -524K▲ 0% | -6.11M▼ 1066.4% | 132.57M▲ 2269.1% | -27.99M▼ 121.1% | 79.45M▲ 383.9% | 115.6M▲ 45.5% | 135.6M▲ 17.3% | 154.04M▲ 0% |
| Pretax Margin % | - | -11.92% | 173.01% | -20.16% | 45.44% | 50.98% | 58.39% | 56.42% |
| Income Tax | 0 | 0 | 255K | 2.39M | 2.56M | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0.19% | -8.54% | 3.22% | 0% | 0% | 0% |
| 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 % | - | -11.92% | 172.68% | -21.88% | 43.98% | 50.98% | 58.39% | 56.42% |
| 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▼ 1061.6% | 4.86▲ 2213.0% | -0.96▼ 119.8% | 1.80▲ 287.5% | 2.10▲ 16.7% | 1.96▼ 6.7% | 1.84▲ 0% |
| EPS Growth % | - | -1061.62% | 2213.04% | -119.75% | 287.5% | 16.67% | -6.67% | 0.46% |
| EPS (Basic) | -0.02 | -0.23 | 4.86 | -0.89 | 1.98 | 2.19 | 1.96 | - |
| Diluted Shares Outstanding | 26.46M | 26.41M | 27.23M | 31.67M | 42.71M | 56.73M | 69.29M | 83.64M |
TRINI Balance Sheet
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) balance sheet — assets, liabilities & shareholders' equity
| Line item | 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 | 493.65M | 873.47M | 1.09B | 1.28B | 0 | 2.42B | 2.48B |
| Investments Growth % | - | - | 76.94% | 25.29% | 16.52% | -100% | - | -100% |
| Long-Term Investments | 0 | 493.65M | 873.47M | 1.09B | 1.28B | 0 | 2.42B | 4.61B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 19.03M | 0 |
| 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 | 300K | 2.5M | 2.1M | 5.3M | 5.4M | 0 | 0 |
| Other Assets | 6.2M | 444K | 8.86M | 6.93M | 11.29M | -5.4M | -2.42B | 0 |
| Total Current Assets | 0 | 65.31M | 52.29M | 23.02M | 19.21M | 0 | 38.14M | 37.7M |
| Total Non-Current Assets | 6.2M | 494.39M | 884.83M | 1.1B | 1.29B | 0 | 0 | 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 | 5.67M | 8.39M | 11.89M | 17.47M | 19.36M | 0 | 0 | 0 |
| Total Debt | 0 | 299.75M | 458.05M | 612.89M | 645.01M | 884.71M | 1.31B | 0 |
| Net Debt | 0 | 255.09M | 426.36M | 602.28M | 640.25M | 875.09M | 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 | 1.31M | 1.72M | 0 |
| Other Liabilities | 1.06M | 7.87M | 10.84M | 15.1M | 12.29M | -883.4M | 78.9M | 0 |
| Total Current Liabilities | 5.67M | 13.34M | 21.7M | 38.8M | 43.41M | 0 | 0 | 0 |
| Total Non-Current Liabilities | 1.06M | 307.62M | 468.89M | 627.99M | 656.42M | 0 | 1.39B | 0 |
| 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 |
TRINI Cash Flow Statement
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 0 | 20.7M | 23.9M | 54.91M | -96.26M | 94.16M | -535.5M | -535.5M |
| Operating CF Growth % | - | - | 15.47% | 129.74% | -275.29% | 197.81% | -668.74% | -2044.84% |
| Net Income | -1.26M | -6.11M | 132.32M | -30.38M | 76.89M | 115.6M | 0 | 154.04M |
| Depreciation & Amortization | 0 | 50K | 4.03M | 3.8M | 4.28M | 0 | -55.85M | -54.27M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 921.6K | 20.72M | -114.24M | 69.74M | -175.78M | -23.39M | -496.1M | -520.14M |
| Working Capital Changes | 336K | 6.04M | 731K | 5.69M | -10.45M | 1.95M | 4.4M | 43.8M |
| Cash from Investing | 0 | -170.91M | -266.78M | -290.85M | -2.74M | -411.49M | -785K | -1.09M |
| Purchase of Investments | 0 | -239.83M | -555.75M | -627.21M | -632.75M | -1.22B | -1.48B | -1.56B |
| Sale/Maturity of Investments | 0 | 160.9M | 290.17M | 336.55M | 471.93M | 807.87M | 826.65M | 907.88M |
| Net Investment Activity | 0 | -78.93M | -265.58M | -290.66M | -160.83M | -411.06M | -650.31M | -650.25M |
| Acquisitions | 0 | -91.73M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 160.83M | 0 | 650.31M | 649.34M |
| 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 | 0 | -159.14M |
| Share Repurchases | 0 | 0 | -138K | -2.01M | -3.82M | 0 | 0 | 1.7M |
| Stock Issued | 0 | 114.47M | 104.78M | 113.14M | 0 | 200.23M | 289.99M | 337.8M |
| Net Stock Activity | 0 | 114.47M | 104.65M | 111.14M | -3.82M | 200.23M | 289.99M | 339.5M |
| Debt Issuance (Net) | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
| Other Financing | 0 | 0 | -138K | -1.03M | 150.28M | -3.73M | -140.73M | 301.08M |
| 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% | 11.24M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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% | 20.45M▲ 0% | 22.7M▲ 11.0% | 54.72M▲ 141.1% | -99M▼ 280.9% | 93.74M▲ 194.7% | -535.5M▼ 671.3% | -517.92M▲ 0% |
| FCF Growth % | - | - | 11.01% | 141.07% | -280.93% | 194.68% | -671.28% | -1694.61% |
TRINI Banking Ratios
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) 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 | 0% | 0% | 0% | 0% | 0% | -3.24% | -1.76% |
| Efficiency Ratio | 28.91% | 29.38% | 26.92% | 25.79% | 6.25% | 6.93% | -7.83% |
| 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 |
| Dividend Payout | - | 18.84% | - | 102.48% | - | - | 62.13% |
TRINI SEC Filings & Documents
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) SEC filings — annual & quarterly reports (10-K, 10-Q)
TRINI Frequently Asked Questions
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) grew revenue by 2.4% over the past year. Growth has been modest.
Yes, Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) is profitable, generating $154.0M in net income for fiscal year 2025 (58.4% net margin).
Dividend & Returns
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) has a return on equity (ROE) of 14.1%. This is reasonable for most industries.
Industry Metrics
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) has a net interest margin (NIM) of -3.2%. NIM has been under pressure due to interest rate environment.
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) has an efficiency ratio of 6.9%. This is excellent, indicating strong cost control.
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Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) financial analysis — history, returns, DCA and operating performance tools
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