8-K Announcements
6Material company update
Apr 10, 2026·SEC
Material company update
Feb 25, 2026·SEC
Material company update
Feb 3, 2026·SEC
Trinity Capital Inc. 7.875% Notes due 2029(TRINZ)Earnings, Financials & Key Ratios
TRINZ•NASDAQ•Banking & Credit
$25.44
$2.07B mkt cap·12.2× 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$280M+23.3%
- Net Income$147M+26.9%
- Return on Equity15.3%-5.1%
- Net Interest Margin-3.24%
- Efficiency Ratio6.42%+2.7%
- ROA6.89%-8.1%
- Equity / Assets44.03%-5.1%
- Book Value per Share15.79+8.8%
- Tangible BV/Share15.79+8.8%
- Debt/Equity1.20+11.5%
TRINZ Key Insights
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 6.4% efficiency ratio
- ✓Momentum leader: RS Rating 95 (top 5%)
- ✓Well capitalized: 44.0% equity/assets
- ✓Good 3Y average ROE of 15.3%
- ✓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.
TRINZ Price & Volume
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) stock price & volume — 10-year historical chart
Loading chart...
TRINZ Growth Metrics
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years43.73%
3 Years16.16%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM26.95%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM1.46%
Return on Capital
10 Years9.24%
5 Years10.36%
3 Years10.35%
Last Year10.15%
TRINZ Recent Earnings
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/4 qtrs (75%)●Beat Revenue 1/4 qtrs (25%)
Q1 2026Latest
Feb 25, 2026EPS
$0.52
Est $0.52
+0.8%
Revenue
$83M
Est $80M
+3.7%
Q4 2025
Nov 5, 2025EPS
$0.53
Est $0.53
+0.0%
Revenue
$73M
Est $74M
-2.5%
Q3 2025
Aug 6, 2025EPS
$0.54
Est $0.52
+3.5%
Revenue
$67M
Est $69M
-3.5%
Q2 2025
May 7, 2025EPS
$0.53
Est $0.52
+1.0%
Revenue
$63M
Est $66M
-5.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.52vs $0.52+0.8% | $83Mvs $80M+3.7% |
| Q4 2025 | Nov 5, 2025 | $0.53vs $0.53+0.0% | $73Mvs $74M-2.5% |
| Q3 2025 | Aug 6, 2025 | $0.54vs $0.52+3.5% | $67Mvs $69M-3.5% |
| Q2 2025 | May 7, 2025 | $0.53vs $0.52+1.0% | $63Mvs $66M-5.4% |
Based on last 4 quarters of dataView full earnings history →
TRINZ Peer Comparison
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) 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 | 1.38B | 16.97 | 8.16 | 17.72% | 52.47% | 13.41% | 1.20 | |
 ARCC | 13.89B | 19.35 | 10.40 | 32.87% | 41.3% | 8.11% | 8.22% | 1.12 |
 GBDC | 3.53B | 13.40 | 9.44 | 42.5% | 43.19% | 6.42% | 1.23 | |
 OBDC | 6.09B | 11.91 | 9.60 | 50.73% | 48.24% | 8.71% | 28.61% | |
 FSCO | 1.05B | 5.30 | 5.58 | -17.44% | 74.15% | 13.47% | 6.38% | 0.32 |
 HTGC | 3.04B | 16.57 | 8.96 | 26.97% | 62.1% | 13.18% | 1.04 | |
 SLRC | 871.24M | 15.97 | 9.39 | 24.76% | 42.04% | 7.31% | 1.15 | |
 PFLT | 907.84M | 9.15 | 12.71 | 2.2% | 38.69% | 3.23% | 10.47% | 1.65 |
Compare TRINZ vs Peers
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRINZ Income Statement
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | -80.56M |
| NII Growth % | - | - | - | - | - | - |
| Net Interest Margin % | 0% | 0% | 0% | 0% | 0% | -3.24% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 80.56M |
| Loan Loss Provision | 50K | 0 | 0 | 0 | 43.52M | -29.16M |
| Non-Interest Income | 45.56M | 94.9M | 178.35M | 153.78M | 226.73M | 279.51M |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | 100% |
| Total Revenue | 45.56M▲ 0% | 94.9M▲ 108.3% | 178.35M▲ 87.9% | 153.78M▼ 13.8% | 226.73M▲ 47.4% | 279.51M▲ 23.3% |
| Revenue Growth % | - | 108.29% | 87.94% | -13.78% | 47.43% | 23.28% |
| Non-Interest Expense | -31.89M | -20.39M | -34.15M | -44.3M | 14.18M | 17.94M |
| Efficiency Ratio | -69.99% | -21.49% | -19.15% | -28.8% | 6.25% | 6.42% |
| Operating Income | 25.77M▲ 0% | 152.71M▲ 492.5% | 3.77M▼ 97.5% | 121.19M▲ 3112.0% | 169.04M▲ 39.5% | 216.17M▲ 27.9% |
| Operating Margin % | 56.57% | 160.92% | 2.12% | 78.8% | 74.55% | 77.34% |
| Operating Income Growth % | - | 492.49% | -97.53% | 3112.01% | 39.48% | 27.88% |
| Pretax Income | -6.11M▲ 0% | 132.32M▲ 2264.9% | 3.77M▼ 97.1% | 76.89M▲ 1938.0% | 115.6M▲ 50.3% | 146.67M▲ 26.9% |
| Pretax Margin % | -13.41% | 139.43% | 2.12% | 50% | 50.98% | 52.47% |
| Income Tax | 25.77M | 0 | 3.77M | 0 | 0 | 0 |
| Effective Tax Rate % | -421.71% | 0% | 100% | 0% | 0% | 0% |
| Net Income | -6.11M▲ 0% | 132.32M▲ 2264.9% | -30.38M▼ 123.0% | 76.89M▲ 353.1% | 115.6M▲ 50.3% | 146.67M▲ 26.9% |
| Net Margin % | -13.41% | 139.43% | -17.03% | 50% | 50.98% | 52.47% |
| Net Income Growth % | - | 2264.92% | -122.96% | 353.15% | 50.33% | 26.88% |
| Net Income (Continuing) | 0 | 132.32M | -30.38M | 76.89M | 115.6M | 135.6M |
| EPS (Diluted) | -0.23▲ 0% | 4.86▲ 2213.0% | -0.96▼ 119.8% | 1.80▲ 287.5% | 2.10▲ 16.7% | 2.08▼ 1.0% |
| EPS Growth % | - | 2213.04% | -119.75% | 287.5% | 16.67% | -0.95% |
| EPS (Basic) | -0.23 | 4.86 | -0.96 | 1.98 | 2.19 | 2.08 |
| Diluted Shares Outstanding | 26.41M | 27.23M | 31.67M | 42.71M | 56.73M | 69.29M |
TRINZ Balance Sheet
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 61.1M | 46.74M | 10.61M | 4.76M | 9.63M | 19.11M |
| Cash & Due from Banks | 61.1M | 46.74M | 10.61M | 4.76M | 9.63M | 19.11M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 0 | 2.42B |
| Investments Growth % | - | - | - | - | - | - |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.42B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 19.03M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 300K | 2.5M | 2.1M | 5.3M | 5.4M | 0 |
| Other Assets | -300K | -2.5M | -2.1M | -5.3M | -5.4M | -2.42B |
| Total Current Assets | 0 | 0 | 0 | 0 | 0 | 38.14M |
| Total Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 559.71M▲ 0% | 937.12M▲ 67.4% | 1.13B▲ 20.2% | 1.31B▲ 16.4% | 1.77B▲ 35.3% | 2.48B▲ 40.0% |
| Asset Growth % | - | 67.43% | 20.2% | 16.38% | 35.34% | 40.03% |
| Return on Assets (ROA) | -1.09% | 17.68% | -2.94% | 6.31% | 7.49% | 6.89% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 300.15M | 458.56M | 612.96M | 646.89M | 884.71M | 1.31B |
| Net Debt | 239.05M | 411.82M | 602.35M | 642.13M | 875.09M | 1.29B |
| Long-Term Debt | 299.75M | 455.35M | 610.59M | 639.61M | 877.67M | 1.3B |
| Short-Term Debt | 0 | 484K | 383K | 884K | 1.31M | 1.72M |
| Other Liabilities | -300.15M | -458.08M | -612.58M | -646M | -883.4M | 78.9M |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 1.39B |
| Total Liabilities | 320.96M | 490.58M | 666.79M | 699.82M | 951.26M | 1.39B |
| Total Equity | 238.75M▲ 0% | 446.53M▲ 87.0% | 459.65M▲ 2.9% | 611.16M▲ 33.0% | 822.98M▲ 34.7% | 1.09B▲ 32.9% |
| Equity Growth % | - | 87.03% | 2.94% | 32.96% | 34.66% | 32.93% |
| Equity / Assets (Capital Ratio) | 42.66% | 47.65% | 40.81% | 46.62% | 46.39% | 44.03% |
| Return on Equity (ROE) | -2.56% | 38.62% | -6.7% | 14.36% | 16.12% | 15.3% |
| Book Value per Share | 9.04 | 16.40 | 14.51 | 14.31 | 14.51 | 15.79 |
| Tangible BV per Share | 9.04 | 16.40 | 14.51 | 14.31 | 14.51 | 15.79 |
| Common Stock | 18K | 27K | 35K | 46K | 62K | 82K |
| Additional Paid-in Capital | 263.37M | 368.61M | 480.53M | 633.74M | 829.63M | 1.1B |
| Retained Earnings | -24.64M | 77.9M | -20.92M | -22.63M | -6.71M | -6.43M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
TRINZ Cash Flow Statement
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 20.7M | 23.9M | 54.91M | 64.57M | 94.16M | -535.5M |
| Operating CF Growth % | - | 15.47% | 129.74% | 17.58% | 45.82% | -668.74% |
| Net Income | -6.11M | 55.11M | -1.59M | 76.89M | 115.6M | 0 |
| Depreciation & Amortization | 50K | 0 | 0 | 0 | 0 | -55.85M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 20.72M | -31.94M | 50.81M | -6.87M | -23.39M | -491.69M |
| Working Capital Changes | 6.04M | 731K | 5.69M | -5.46M | 1.95M | 0 |
| Cash from Investing | -170.91M | -266.78M | -290.85M | -163.57M | -411.49M | -785K |
| Purchase of Investments | -239.83M | -555.75M | -627.21M | -632.75M | -1.22B | -1.48B |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Net Investment Activity | -238.83M | -554.75M | -626.21M | -631.75M | -1.22B | -1.48B |
| Acquisitions | -91.73M | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 649.52M |
| Cash from Financing | 211.31M | 228.52M | 199.81M | 93.15M | 322.19M | 545.77M |
| Dividends Paid | -10.35M | -24.93M | -61.16M | -78.8M | -102.53M | 0 |
| Share Repurchases | 0 | 0 | -2.01M | -1M | 0 | 0 |
| Stock Issued | 114.47M | 104.78M | 113.14M | 150.28M | 200.23M | 289.99M |
| Net Stock Activity | 114.47M | 104.78M | 111.14M | 149.28M | 200.23M | 289.99M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Financing | 0 | -138K | -1.03M | -2.82M | -3.73M | 545.77M |
| Net Change in Cash | 61.1M▲ 0% | -14.36M▼ 123.5% | -36.13M▼ 151.6% | -5.85M▲ 83.8% | 4.87M▲ 183.2% | 9.48M▲ 94.9% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 0 | 61.1M | 46.74M | 10.61M | 4.76M | 9.63M |
| Cash at End | 61.1M | 46.74M | 10.61M | 4.76M | 9.63M | 19.11M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 20.45M▲ 0% | 22.7M▲ 11.0% | 54.72M▲ 141.1% | 61.82M▲ 13.0% | 93.74M▲ 51.6% | -535.5M▼ 671.3% |
| FCF Growth % | - | 11.01% | 141.07% | 12.98% | 51.62% | -671.28% |
TRINZ Banking Ratios
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -2.56% | 38.62% | -6.7% | 14.36% | 16.12% | 15.3% |
| Return on Assets (ROA) | -1.09% | 17.68% | -2.94% | 6.31% | 7.49% | 6.89% |
| Net Interest Margin | 0% | 0% | 0% | 0% | 0% | -3.24% |
| Efficiency Ratio | -69.99% | -21.49% | -19.15% | -28.8% | 6.25% | 6.42% |
| Equity / Assets | 42.66% | 47.65% | 40.81% | 46.62% | 46.39% | 44.03% |
| Book Value / Share | 9.04 | 16.4 | 14.51 | 14.31 | 14.51 | 15.79 |
| Dividend Payout | - | 18.84% | - | 102.48% | - | - |
TRINZ SEC Filings & Documents
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) SEC filings — annual & quarterly reports (10-K, 10-Q)
TRINZ Frequently Asked Questions
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) grew revenue by 23.3% over the past year. This is strong growth.
Yes, Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) is profitable, generating $146.8M in net income for fiscal year 2025 (52.5% net margin).
Dividend & Returns
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) has a return on equity (ROE) of 15.3%. This is reasonable for most industries.
Industry Metrics
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) 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 (TRINZ) has an efficiency ratio of 6.4%. This is excellent, indicating strong cost control.
Explore More TRINZ
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates