TRIN

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Trinity Capital Inc.

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Key Metrics

Previous Close: $18.13
52-Week Range: $14.13 – $18.57
Market Cap: $1.64B
P/E (TTM): 10.50
EPS (TTM): 1.74
Dividend Yield: 14.07%

Advanced Metrics

Price/Book: 1.38
PEG Ratio: 5.14
Return on Equity: 12.90%
Return on Assets: 6.11%
Gross Margin: 100.00%
Operating Margin: 79.07%
Profit Margin: 45.15%
Current Ratio: 1.96
Debt/Equity: 1.19
Total Debt: $1.51B
Free Cash Flow: $69.26M
Revenue Growth: 19.30%
Earnings Growth: -22.00%
Enterprise Value: $3.21B

TRIN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$9.39M	$124.55M	$175.49M	$204.61M
Selling, General & Admin	$10.19M	$12.01M	$14.18M	$17.94M
Operating Expenses	$37.38M	$45.10M	$57.22M	$66.42M
Pretax Income	-$27.99M	$79.45M	$118.27M	$138.20M
Income Tax	$2.39M	$2.56M	$2.68M	$2.60M
Net Income	-$30.38M	$76.89M	$115.60M	$135.60M
Diluted EPS	-0.96	1.89	2.10	1.96
Diluted Shares	35.19M	42.71M	56.73M	69.29M

TRIN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$10.61M	$4.76M	$9.63M	$19.11M
Receivables	$9.97M	$11.21M	$16.54M	$19.03M
Total Assets	$1.13B	$1.31B	$1.77B	$2.48B
Total Debt	$610.59M	$639.61M	$877.67M	$1.29B
Total Liabilities	$666.79M	$699.82M	$951.26M	$1.39B
Retained Earnings	-$20.92M	-$22.63M	-$6.71M	-$6.43M
Shareholders' Equity	$459.65M	$611.16M	$822.98M	$1.09B
Net Debt	$599.98M	$634.85M	$868.05M	$1.28B

TRIN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$235.74M	-$96.26M	-$316.91M	-$535.50M
Capital Expenditure	-$194.00K	-$2.74M	-$420.00K	-$785.00K
Free Cash Flow	-$235.94M	-$99.00M	-$317.33M	-$536.28M
Investing Cash Flow	-$194.00K	-$2.74M	-$420.00K	-$785.00K
Financing Cash Flow	$199.81M	$93.15M	$322.19M	$545.77M
Dividends Paid	-$61.16M	-$78.80M	-$102.53M	-$136.37M
Share Repurchases	-$3.03M	-$3.82M	-$3.73M	-$4.36M
Net Change in Cash	-$36.13M	-$5.85M	$4.87M	$9.48M

TRIN Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$58.05M	$45.25M	$58.88M	$51.37M	$60.81M
Selling, General & Admin	$4.03M	$4.53M	$4.89M	$4.37M	$4.24M
Operating Expenses	$16.01M	$16.96M	$18.71M	$20.50M	$15.77M
Pretax Income	$42.03M	$28.29M	$40.17M	$30.87M	$45.04M
Income Tax	$621.00K	$644.00K	$714.00K	$1.03M	$639.00K
Net Income	$41.41M	$27.64M	$39.46M	$29.83M	$44.41M
Diluted EPS	0.63	0.39	0.51	0.36	0.49
Diluted Shares	65.91M	71.47M	77.03M	83.64M	90.46M

TRIN Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$26.25M	$9.47M	$19.11M	$19.63M	$22.18M
Receivables	$17.66M	$19.46M	$19.03M	$18.07M	$19.26M
Total Assets	$2.05B	$2.25B	$2.48B	$2.56B	$2.81B
Total Debt	$1.05B	$1.17B	$1.29B	$1.35B	$1.50B
Total Liabilities	$1.12B	$1.25B	$1.39B	$1.39B	$1.54B
Retained Earnings	-$6.27M	-$16.87M	-$6.43M	-$19.27M	-$21.02M
Shareholders' Equity	$923.57M	$998.26M	$1.09B	$1.17B	$1.27B
Net Debt	$1.03B	$1.17B	$1.28B	$1.33B	$1.48B

TRIN Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$123.53M	-$183.62M	-$165.00M	-$45.77M	-$198.59M
Capital Expenditure	-$180.00K	-$71.00K	-$428.00K	-$415.00K	-$30.00K
Free Cash Flow	-$123.71M	-$183.69M	-$165.43M	-$46.18M	-$198.62M
Investing Cash Flow	-$180.00K	-$71.00K	-$428.00K	-$415.00K	-$30.00K
Financing Cash Flow	$141.58M	$166.91M	$175.07M	$46.70M	$201.16M
Dividends Paid	-$32.28M	-$35.15M	-$37.78M	-$83.52M	-$45.70M
Share Repurchases	-$768.00K	-$1.06M	-$838.00K	-$1.64M	-$943.00K
Net Change in Cash	$17.86M	-$16.78M	$9.64M	$521.00K	$2.55M

Market Snapshot

About

Trinity Capital is a specialty lending company that provides debt financing solutions to growth-stage companies, particularly in the technology and life sciences sectors. The company offers term loans, equipment financing, and working capital solutions to venture-backed businesses. Trinity Capital is structured as a business development company (BDC) and focuses on serving the venture debt market.