Trinity Capital Key Executives
This section highlights Trinity Capital's key executives, including their titles and compensation details.
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Trinity Capital Earnings
This section highlights Trinity Capital's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-26 | $0.59 | $0.56 |
| Read Transcript | Q3 | 2024 | 2024-10-30 | $0.52 | $0.54 |
| Read Transcript | Q2 | 2024 | 2024-08-07 | $0.52 | $0.51 |
| Read Transcript | Q1 | 2024 | 2024-05-01 | $0.55 | $0.52 |
| Read Transcript | Q4 | 2023 | 2024-03-06 | $0.55 | $0.54 |
| Read Transcript | Q3 | 2023 | 2023-11-01 | $0.55 | $0.55 |
| Read Transcript | Q2 | 2023 | 2023-08-02 | $0.53 | $0.61 |
| Read Transcript | Q1 | 2023 | 2023-05-05 | N/A | N/A |
Trinity 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.
$16.06
Stock Price
$1.01B
Market Cap
500
Employees
Phoenix, AZ
Location
Financial Statements
Access annual & quarterly financial statements for Trinity Capital, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $226.73M | $174.84M | $9.39M | $155.09M | $23.82M |
| Cost of Revenue | $43.52M | $33.09M | $27.19M | $15.52M | $10.43M |
| Gross Profit | $183.21M | $141.75M | $-17.80M | $139.57M | $13.39M |
| Gross Profit Ratio | 80.81% | 81.10% | -189.52% | 90.00% | 56.20% |
| Research and Development Expenses | $- | $- | $-0 | $1 | $-0 |
| General and Administrative Expenses | $14.18M | $12.01M | $10.19M | $7.25M | $4.39M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $14.18M | $12.01M | $10.19M | $7.25M | $4.39M |
| Other Expenses | $- | $- | $27.19M | $15.52M | $25.55M |
| Operating Expenses | $14.18M | $12.01M | $37.38M | $22.77M | $29.93M |
| Cost and Expenses | $57.69M | $45.10M | $71.53M | $22.77M | $29.93M |
| Interest Income | $226.73M | $174.84M | $138.84M | $76.63M | $51.26M |
| Interest Expense | $61.95M | $44.30M | $34.15M | $20.39M | $16.77M |
| Depreciation and Amortization | $- | $-8.55M | $174.58M | $-57.81M | $19.79M |
| EBITDA | $169.04M | $121.19M | $101.46M | $- | $- |
| EBITDA Ratio | 74.55% | 69.31% | 2586.91% | 85.32% | -25.45% |
| Operating Income | $169.04M | $129.74M | $108.12M | $132.32M | $-6.11M |
| Operating Income Ratio | 74.55% | 74.21% | 1151.35% | 85.32% | -25.66% |
| Total Other Income Expenses Net | $-50.76M | $-50.29M | $-136.11M | $- | $-31.89M |
| Income Before Tax | $118.27M | $79.45M | $-27.99M | $132.32M | $-6.11M |
| Income Before Tax Ratio | 52.17% | 45.44% | -298.01% | 85.32% | -25.66% |
| Income Tax Expense | $2.68M | $2.56M | $2.39M | $255.00K | $-31.89M |
| Net Income | $115.60M | $76.89M | $-30.38M | $132.32M | $-6.11M |
| Net Income Ratio | 50.98% | 43.98% | -323.45% | 85.32% | -25.66% |
| EPS | $2.06 | $2.07 | $-0.96 | $4.86 | $-0.23 |
| EPS Diluted | $1.92 | $1.89 | $-0.96 | $4.86 | $-0.23 |
| Weighted Average Shares Outstanding | 54.41M | 38.91M | 31.67M | 27.23M | 26.42M |
| Weighted Average Shares Outstanding Diluted | 58.37M | 42.71M | 31.67M | 27.23M | 26.42M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.05M | $59.19M | $48.15M | $27.66M | $48.61M | $45.03M | $31.84M | $33.61M | $8.01M | $37.15M | $2.26M | $373.00K | $61.90M | $32.74M | $29.68M | $30.77M | $14.97M | $16.35M | $9.69M | $-17.18M |
| Cost of Revenue | $- | $11.53M | $9.94M | $9.86M | $8.43M | $8.69M | $8.35M | $7.62M | $19.87M | $7.32M | $-30.25M | $6.46M | $15.52M | $3.68M | $3.37M | $4.00M | $10.43M | $- | $- | $- |
| Gross Profit | $63.05M | $47.66M | $38.21M | $17.80M | $40.17M | $36.34M | $23.50M | $26.00M | $-11.87M | $29.84M | $32.51M | $-6.08M | $46.38M | $29.06M | $26.31M | $26.78M | $4.53M | $16.35M | $9.69M | $-17.18M |
| Gross Profit Ratio | 100.00% | 80.50% | 79.30% | 64.30% | 82.70% | 80.70% | 73.80% | 77.30% | -148.20% | 80.30% | 1438.50% | -1630.60% | 74.90% | 88.80% | 88.60% | 87.00% | 30.29% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $4.58M | $3.52M | $3.43M | $2.65M | $3.20M | $2.93M | $2.96M | $2.91M | $2.65M | $2.78M | $2.45M | $2.31M | $2.31M | $1.88M | $1.60M | $1.46M | $1.26M | $1.11M | $1.11M | $893.00K |
| Selling and Marketing Expenses | $- | $- | $10.24M | $9.86M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $4.58M | $3.52M | $3.43M | $2.65M | $3.20M | $2.93M | $2.96M | $2.91M | $2.65M | $2.78M | $2.45M | $2.31M | $2.31M | $1.88M | $1.60M | $1.46M | $1.26M | $1.11M | $1.11M | $893.00K |
| Other Expenses | $58.47M | $- | $9.94M | $-25.15M | $-20.46M | $-16.97M | $12.43M | $7.62M | $6.54M | $7.32M | $- | $6.46M | $4.47M | $3.68M | $3.37M | $4.00M | $3.98M | $2.90M | $1.69M | $16.98M |
| Operating Expenses | $63.05M | $3.52M | $13.37M | $12.51M | $20.46M | $2.93M | $11.31M | $10.53M | $9.19M | $10.10M | $9.33M | $8.76M | $6.79M | $5.55M | $4.97M | $5.45M | $5.24M | $4.02M | $2.81M | $17.87M |
| Cost and Expenses | $63.05M | $15.04M | $3.44M | $22.74M | $20.46M | $11.62M | $11.31M | $10.53M | $52.12M | $10.10M | $32.47M | $8.76M | $6.79M | $5.55M | $4.97M | $5.45M | $5.24M | $4.02M | $2.81M | $17.87M |
| Interest Income | $66.31M | $59.19M | $51.84M | $49.39M | $44.74M | $45.03M | $44.53M | $40.53M | $40.60M | $37.15M | $32.51M | $28.41M | $21.51M | $20.66M | $18.11M | $16.34M | $14.44M | $12.56M | $13.44M | $10.81M |
| Interest Expense | $19.05M | $16.87M | $13.88M | $12.14M | $10.45M | $10.78M | $11.98M | $11.08M | $10.28M | $9.31M | $7.76M | $6.80M | $6.24M | $5.11M | $4.42M | $4.62M | $4.34M | $3.89M | $4.28M | $4.26M |
| Depreciation and Amortization | $- | $-2.88M | $-38.46M | $-36.88M | $-33.11M | $-33.41M | $-32.57M | $-30.00M | $-31.57M | $-27.06M | $-22.53M | $-19.64M | $12.50K | $12.50K | $904.00K | $16.00K | $17.00K | $13.00K | $741.00K | $9.00K |
| EBITDA | $- | $41.27M | $- | $-10.23M | $- | $- | $- | $- | $-27.30M | $-9.35M | $-21.83M | $- | $7.78M | $32.29M | $- | $- | $13.49M | $16.31M | $- | $-15.19M |
| EBITDA Ratio | 0.00% | 69.72% | 92.86% | -78.57% | 57.91% | 74.19% | 104.31% | 89.26% | 1174.92% | -5.48% | -1338.54% | -427.08% | 99.11% | 98.65% | 101.21% | 97.34% | 93.97% | 99.24% | 122.89% | 179.15% |
| Operating Income | $-131.38M | $44.15M | $44.71M | $36.24M | $28.15M | $33.41M | $33.22M | $31.01M | $80.43M | $-123.20M | $22.53M | $-8.76M | $-6.79M | $-5.55M | $-4.97M | $-5.45M | $-5.24M | $-4.02M | $-2.81M | $-17.87M |
| Operating Income Ratio | -208.36% | 74.58% | 92.86% | 131.02% | 57.91% | 74.19% | 104.31% | 92.26% | 1004.47% | -331.60% | 996.81% | -2349.60% | -10.97% | -16.97% | -16.75% | -17.71% | -35.03% | -24.57% | -28.96% | 103.99% |
| Total Other Income Expenses Net | $178.02M | $-19.13M | $-7.63M | $-21.73M | $-15.40M | $-9.38M | $-12.68M | $-6.92M | $-33.16M | $-27.51M | $-30.25M | $6.46M | $93.98M | $15.75M | $11.56M | $25.38M | $15.09M | $- | $-3.75M | $-19.86M |
| Income Before Tax | $46.64M | $25.02M | $30.83M | $15.15M | $17.70M | $24.03M | $20.54M | $23.08M | $-1.19M | $-11.34M | $-7.07M | $-8.39M | $55.11M | $27.18M | $24.70M | $25.32M | $9.72M | $12.33M | $6.88M | $-35.05M |
| Income Before Tax Ratio | 73.97% | 42.27% | 64.02% | 54.76% | 36.42% | 53.36% | 64.48% | 68.67% | -14.80% | -30.53% | -312.65% | -2249.60% | 89.03% | 83.03% | 83.25% | 82.29% | 64.97% | 75.43% | 71.04% | 203.99% |
| Income Tax Expense | $781.00K | $619.00K | $639.00K | $639.00K | $684.00K | $625.00K | $653.00K | $597.00K | $402.00K | $657.00K | $657.00K | $674.00K | $-68.14M | $-5.55M | $29.13M | $29.94M | $14.81M | $-4.02M | $11.16M | $-30.79M |
| Net Income | $45.86M | $24.40M | $30.83M | $14.51M | $17.70M | $24.03M | $19.88M | $22.49M | $-1.59M | $-12.00M | $-7.72M | $-9.06M | $55.11M | $27.18M | $24.70M | $25.32M | $9.72M | $12.33M | $6.88M | $-35.05M |
| Net Income Ratio | 72.73% | 41.22% | 64.02% | 52.45% | 36.42% | 53.36% | 62.43% | 66.90% | -19.82% | -32.30% | -341.73% | -2430.29% | 89.03% | 83.03% | 83.25% | 82.29% | 64.97% | 75.43% | 71.04% | 203.99% |
| EPS | $0.79 | $0.47 | $0.61 | $0.31 | $0.40 | $0.60 | $0.55 | $0.64 | $-0.05 | $-0.33 | $-0.25 | $-0.33 | $2.03 | $1.02 | $0.93 | $1.08 | $0.38 | $0.49 | $0.27 | $-1.38 |
| EPS Diluted | $0.74 | $0.43 | $0.59 | $0.30 | $0.37 | $0.55 | $0.52 | $0.60 | $-0.05 | $-0.33 | $-0.22 | $-0.33 | $1.83 | $0.94 | $0.93 | $1.08 | $0.38 | $0.49 | $0.27 | $-1.38 |
| Weighted Average Shares Outstanding | 59.41M | 54.41M | 50.16M | 46.75M | 44.31M | 40.12M | 36.02M | 35.07M | 35.13M | 36.54M | 30.96M | 27.42M | 27.20M | 26.64M | 26.48M | 23.55M | 25.31M | 25.31M | 25.31M | 25.31M |
| Weighted Average Shares Outstanding Diluted | 63.43M | 58.37M | 54.06M | 50.60M | 48.10M | 43.85M | 39.69M | 38.74M | 35.13M | 36.54M | 34.33M | 27.42M | 30.54M | 29.97M | 26.48M | 23.55M | 25.31M | 25.31M | 25.31M | 25.31M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $9.63M | $4.76M | $10.61M | $31.68M | $44.66M |
| Short Term Investments | $- | $- | $37.31M | $- | $- |
| Cash and Short Term Investments | $9.63M | $4.76M | $47.92M | $31.68M | $44.66M |
| Net Receivables | $16.54M | $11.21M | $9.97M | $5.55M | $3.47M |
| Inventory | $- | $- | $20.58M | $52.29M | $64.57M |
| Other Current Assets | $- | $- | $12.41M | $- | $744.00K |
| Total Current Assets | $26.17M | $15.97M | $57.90M | $37.24M | $48.12M |
| Property Plant Equipment Net | $- | $5.30M | $2.10M | $2.50M | $300.00K |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $-1.13B | $-937.12M | $-559.71M |
| Long Term Investments | $1.73B | $1.28B | $1.09B | $873.47M | $493.65M |
| Tax Assets | $- | $- | $1.13B | $937.12M | $559.71M |
| Other Non-Current Assets | $-1.73B | $11.29M | $-39.41M | $-2.50M | $-300.00K |
| Total Non-Current Assets | $1.73B | $1.29B | $1.06B | $873.47M | $493.65M |
| Other Assets | $22.50M | $3.24M | $11.47M | $26.41M | $17.93M |
| Total Assets | $1.77B | $1.31B | $1.13B | $937.12M | $559.71M |
| Account Payables | $31.45M | $19.36M | $41.10M | $24.40M | $13.34M |
| Short Term Debt | $49.40M | $884.00K | $48.12M | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $-23.09M | $-154.60M |
| Other Current Liabilities | $-80.85M | $23.16M | $-41.10M | $-24.40M | $-13.34M |
| Total Current Liabilities | $80.85M | $43.41M | $67.89M | $24.40M | $12.26M |
| Long Term Debt | $- | $646.00M | $610.59M | $458.08M | $299.75M |
| Deferred Revenue Non-Current | $- | $- | $666.79M | $490.58M | $320.96M |
| Deferred Tax Liabilities Non-Current | $- | $- | $1.98M | $2.73M | $400.00K |
| Other Non-Current Liabilities | $901.86M | $12.29M | $17.40M | $-458.08M | $-299.75M |
| Total Non-Current Liabilities | $901.86M | $658.29M | $598.90M | $455.35M | $299.75M |
| Other Liabilities | $-31.45M | $-1.87M | $- | $10.84M | $8.96M |
| Total Liabilities | $951.26M | $699.82M | $666.79M | $490.58M | $320.96M |
| Preferred Stock | $- | $- | $- | $1 | $- |
| Common Stock | $62.00K | $46.00K | $35.00K | $27.00K | $18.00K |
| Retained Earnings | $-6.71M | $-22.63M | $-20.92M | $77.90M | $-24.64M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $0 | $0 |
| Other Total Stockholders Equity | $829.63M | $633.74M | $480.53M | $368.61M | $263.37M |
| Total Stockholders Equity | $822.98M | $611.16M | $459.65M | $446.53M | $238.75M |
| Total Equity | $822.98M | $611.16M | $1.06B | $858.35M | $477.80M |
| Total Liabilities and Stockholders Equity | $1.77B | $1.31B | $1.13B | $937.12M | $559.71M |
| Minority Interest | $- | $- | $602.35M | $411.82M | $239.05M |
| Total Liabilities and Total Equity | $1.77B | $1.31B | $1.13B | $937.12M | $559.71M |
| Total Investments | $1.73B | $1.28B | $1.09B | $873.47M | $493.65M |
| Total Debt | $49.40M | $646.89M | $610.59M | $455.35M | $299.75M |
| Net Debt | $39.77M | $642.13M | $599.98M | $423.66M | $255.09M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $9.63M | $8.54M | $46.10M | $11.97M | $4.76M | $7.23M | $12.27M | $8.34M | $10.61M | $34.14M | $13.23M | $28.68M | $31.68M | $25.31M | $19.12M | $36.03M | $44.66M | $36.32M | $21.85M | $62.60M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $37.31M | $28.71M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $9.63M | $8.54M | $46.10M | $11.97M | $4.76M | $7.23M | $12.27M | $8.34M | $47.92M | $34.14M | $13.23M | $28.68M | $31.68M | $25.31M | $19.12M | $36.03M | $44.66M | $36.32M | $21.85M | $62.60M |
| Net Receivables | $16.54M | $16.95M | $- | $- | $- | $10.92M | $12.12M | $10.45M | $9.97M | $8.90M | $8.60M | $6.48M | $5.55M | $4.48M | $4.07M | $3.92M | $3.47M | $3.16M | $3.19M | $3.18M |
| Inventory | $- | $- | $-13.98M | $-13.31M | $- | $20.59M | $27.53M | $21.23M | $20.58M | $- | $-8.60M | $- | $20.61M | $19.48M | $19.41M | $19.18M | $-65.31M | $-3.16M | $-3.19M | $-3.18M |
| Other Current Assets | $-16.54M | $- | $17.52M | $13.31M | $14.45M | $- | $- | $- | $12.41M | $- | $- | $- | $- | $1.02M | $1.30M | $1.85M | $21.40M | $20.00M | $19.99M | $20.18M |
| Total Current Assets | $9.63M | $25.48M | $63.62M | $25.28M | $19.21M | $18.15M | $24.39M | $18.79M | $57.90M | $8.90M | $21.83M | $6.48M | $5.55M | $4.48M | $4.07M | $3.92M | $3.47M | $56.32M | $41.84M | $82.79M |
| Property Plant Equipment Net | $- | $- | $5.40M | $5.30M | $5.30M | $2.30M | $2.40M | $2.50M | $2.10M | $2.20M | $2.30M | $2.40M | $2.50M | $2.50M | $2.60M | $300.00K | $300.00K | $500.00K | $500.00K | $500.00K |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $1.73B | $1.69B | $1.42B | $1.36B | $1.28B | $1.12B | $1.15B | $1.09B | $1.09B | $1.04B | $1.05B | $919.35M | $873.47M | $677.25M | $597.70M | $535.74M | $493.65M | $425.48M | $418.84M | $398.59M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-1.73B | $-1.69B | $11.59M | $15.25M | $-1.28B | $-2.30M | $-2.40M | $-2.50M | $-39.41M | $52.37M | $14.98M | $44.19M | $61.15M | $47.66M | $41.15M | $57.95M | $65.76M | $121.00K | $157.00K | $293.00K |
| Total Non-Current Assets | $1.76B | $1.69B | $1.44B | $1.38B | $1.29B | $1.12B | $1.15B | $1.09B | $1.06B | $1.10B | $1.07B | $965.94M | $937.12M | $727.41M | $641.45M | $593.99M | $559.71M | $426.11M | $419.50M | $399.39M |
| Other Assets | $1.77B | $22.42M | $- | $- | $- | $16.22M | $16.68M | $12.98M | $11.47M | $-8.90M | $- | $-6.48M | $-5.55M | $-4.48M | $-4.07M | $-3.92M | $-3.47M | $- | $- | $- |
| Total Assets | $1.77B | $1.73B | $1.51B | $1.41B | $1.31B | $1.15B | $1.19B | $1.12B | $1.13B | $1.10B | $1.09B | $965.94M | $937.12M | $727.41M | $641.45M | $593.99M | $559.71M | $482.43M | $461.34M | $482.17M |
| Account Payables | $31.45M | $55.99M | $17.22M | $12.65M | $47.92M | $41.27M | $35.25M | $30.88M | $41.10M | $39.66M | $13.15M | $31.31M | $24.40M | $20.34M | $15.92M | $3.80M | $13.34M | $5.05M | $4.01M | $4.82M |
| Short Term Debt | $- | $49.24M | $- | $- | $1.77M | $- | $- | $- | $48.12M | $- | $416.00K | $- | $- | $- | $- | $- | $- | $56.00K | $111.00K | $220.00K |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-49.08M | $-48.92M | $- | $- | $- | $- | $- | $- | $-208.00K | $- | $- | $- | $- | $- | $- | $-120.18M | $-119.97M | $-119.69M |
| Other Current Liabilities | $-31.45M | $- | $31.86M | $-12.65M | $-49.69M | $-2.39M | $-2.39M | $-2.27M | $-41.10M | $-39.66M | $17.66M | $-31.31M | $-24.40M | $-20.34M | $-15.92M | $-3.80M | $-13.34M | $115.07M | $115.85M | $114.65M |
| Total Current Liabilities | $- | $105.22M | $44.29M | $42.96M | $48.81M | $48.60M | $48.44M | $48.28M | $67.89M | $39.66M | $31.23M | $31.31M | $24.40M | $20.34M | $15.92M | $11.20M | $12.26M | $5.11M | $4.12M | $5.04M |
| Long Term Debt | $- | $- | $769.93M | $735.70M | $646.00M | $528.13M | $659.25M | $607.47M | $610.59M | $562.09M | $588.09M | $501.77M | $455.35M | $303.57M | $240.21M | $214.34M | $299.75M | $236.03M | $225.57M | $246.75M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $11.17M | $-735.70M | $-646.00M | $4.74M | $-595.00K | $-2.12M | $17.40M | $-562.09M | $-4.05M | $-501.77M | $-455.35M | $-303.57M | $-240.21M | $-214.34M | $-299.75M | $-111.10M | $-112.85M | $-108.83M |
| Total Non-Current Liabilities | $- | $928.73M | $781.10M | $740.42M | $692.55M | $532.87M | $658.65M | $605.35M | $598.90M | $614.28M | $600.61M | $541.90M | $490.58M | $328.40M | $261.73M | $232.42M | $320.96M | $240.00M | $228.57M | $252.57M |
| Other Liabilities | $951.26M | $-55.99M | $- | $- | $-41.53M | $- | $- | $- | $- | $-39.66M | $- | $-31.31M | $-24.40M | $-20.34M | $-15.92M | $-11.20M | $-12.26M | $- | $- | $- |
| Total Liabilities | $951.26M | $977.97M | $825.39M | $783.38M | $699.82M | $581.46M | $707.09M | $653.63M | $666.79M | $614.28M | $631.84M | $541.90M | $490.58M | $328.40M | $261.73M | $232.42M | $320.96M | $245.10M | $232.69M | $257.61M |
| Preferred Stock | $- | $- | $- | $1 | $0 | $- | $1 | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $62.00K | $58.00K | $52.00K | $49.00K | $46.00K | $43.00K | $37.00K | $36.00K | $35.00K | $35.00K | $31.00K | $28.00K | $27.00K | $27.00K | $26.00K | $26.00K | $18.00K | $18.00K | $18.00K | $18.00K |
| Retained Earnings | $-6.71M | $-33.54M | $-28.54M | $-32.93M | $-22.63M | $-21.40M | $-14.87M | $-15.32M | $-20.92M | $-5.23M | $27.85M | $53.44M | $77.90M | $28.54M | $10.31M | $-6.71M | $-24.64M | $-25.23M | $-32.66M | $-35.58M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $0 | $-0 | $- | $0 | $-0 | $-0 | $0 | $-0 | $-0 | $0 | $-0 | $-0 | $-0 | $0 | $-0 | $0 | $-0 |
| Other Total Stockholders Equity | $829.63M | $790.28M | $708.53M | $659.19M | $633.74M | $590.82M | $496.82M | $484.95M | $480.53M | $487.65M | $430.46M | $370.57M | $368.61M | $370.44M | $369.38M | $368.25M | $263.37M | $262.53M | $261.29M | $260.12M |
| Total Stockholders Equity | $822.98M | $756.79M | $680.04M | $626.32M | $611.16M | $569.46M | $482.00M | $469.67M | $459.65M | $482.46M | $458.34M | $424.04M | $446.53M | $399.01M | $379.72M | $361.56M | $238.75M | $237.32M | $228.65M | $224.56M |
| Total Equity | $822.98M | $756.79M | $680.04M | $626.32M | $611.16M | $569.46M | $482.00M | $469.67M | $459.65M | $482.46M | $458.34M | $424.04M | $446.53M | $399.01M | $379.72M | $361.56M | $238.75M | $237.32M | $228.65M | $224.56M |
| Total Liabilities and Stockholders Equity | $1.77B | $1.73B | $1.51B | $1.41B | $1.31B | $1.15B | $1.19B | $1.12B | $1.13B | $1.10B | $1.09B | $965.94M | $937.12M | $727.41M | $641.45M | $593.99M | $559.71M | $482.43M | $461.34M | $482.17M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.77B | $1.73B | $1.51B | $1.41B | $1.31B | $1.15B | $1.19B | $1.12B | $1.13B | $1.10B | $1.09B | $965.94M | $937.12M | $727.41M | $641.45M | $593.99M | $559.71M | $482.43M | $461.34M | $482.17M |
| Total Investments | $1.73B | $1.69B | $1.42B | $1.36B | $1.28B | $1.12B | $1.15B | $1.09B | $1.09B | $1.04B | $1.05B | $919.35M | $873.47M | $677.25M | $597.70M | $535.74M | $493.65M | $425.48M | $418.84M | $398.59M |
| Total Debt | $- | $49.24M | $772.03M | $729.30M | $646.89M | $525.73M | $656.85M | $607.47M | $610.59M | $559.72M | $585.73M | $499.04M | $455.35M | $300.36M | $236.99M | $211.13M | $299.75M | $236.03M | $225.57M | $246.75M |
| Net Debt | $-9.63M | $40.70M | $725.92M | $717.34M | $642.13M | $518.50M | $644.59M | $599.13M | $599.98M | $525.58M | $572.50M | $470.35M | $423.66M | $275.05M | $217.87M | $175.10M | $255.09M | $199.71M | $203.72M | $184.15M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $76.89M | $-30.38M | $132.32M | $-6.11M |
| Depreciation and Amortization | $-9.48M | $- | $134.81M | $-80.30M | $50.00K |
| Deferred Income Tax | $- | $- | $- | $79.23M | $- |
| Stock Based Compensation | $10.54M | $- | $6.06M | $1.07M | $- |
| Change in Working Capital | $- | $-5.46M | $5.69M | $731.00K | $6.04M |
| Accounts Receivables | $- | $- | $-2.61M | $-2.08M | $-2.35M |
| Inventory | $- | $- | $2.61M | $2.08M | $2.35M |
| Accounts Payables | $- | $- | $5.18M | $6.20M | $6.00M |
| Other Working Capital | $- | $-5.46M | $514.00K | $-5.47M | $39.00K |
| Other Non Cash Items | $-317.97M | $-167.69M | $-351.93M | $-374.72M | $-58.21M |
| Net Cash Provided by Operating Activities | $-316.91M | $-96.26M | $-235.74M | $-241.67M | $-58.23M |
| Investments in Property Plant and Equipment | $- | $-2.74M | $-194.00K | $-1.20M | $-253.00K |
| Acquisitions Net | $- | $- | $- | $1.20M | $-2.21M |
| Purchases of Investments | $-1.22B | $- | $-627.21M | $-555.75M | $-239.83M |
| Sales Maturities of Investments | $807.87M | $- | $338.37M | $290.17M | $160.90M |
| Other Investing Activities | $410.64M | $- | $288.84M | $265.58M | $-10.59M |
| Net Cash Used for Investing Activities | $-420.00K | $-2.74M | $-194.00K | $-1.20M | $-91.98M |
| Debt Repayment | $- | $25.50M | $154.00M | $156.00M | $118.69M |
| Common Stock Issued | $200.23M | $150.28M | $113.14M | $104.78M | $125.00M |
| Common Stock Repurchased | $-3.73M | $-3.82M | $-3.03M | $-138.00K | $- |
| Dividends Paid | $-102.53M | $-78.80M | $-61.16M | $-24.93M | $-10.35M |
| Other Financing Activities | $228.22M | $- | $-3.15M | $-7.20M | $102.97M |
| Net Cash Used Provided by Financing Activities | $322.19M | $93.15M | $199.81M | $228.52M | $211.31M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $4.87M | $-5.85M | $-36.13M | $-14.36M | $61.10M |
| Cash at End of Period | $9.63M | $4.76M | $10.61M | $46.74M | $61.10M |
| Cash at Beginning of Period | $4.76M | $10.61M | $46.74M | $61.10M | $- |
| Operating Cash Flow | $-316.91M | $-96.26M | $-235.74M | $-241.67M | $-58.23M |
| Capital Expenditure | $- | $-2.74M | $-194.00K | $-1.20M | $-253.00K |
| Free Cash Flow | $-316.91M | $-99.00M | $-235.94M | $-242.88M | $-58.48M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $45.86M | $-45.34M | $30.83M | $14.51M | $17.70M | $16.82M | $19.88M | $22.49M | $-1.59M | $-12.00M | $-7.72M | $-9.06M | $55.11M | $27.18M | $24.71M | $25.32M | $9.72M | $12.33M | $6.88M | $-35.05M |
| Depreciation and Amortization | $- | $-20.73M | $215.00K | $12.00M | $18.18M | $204.00K | $204.00K | $-3.52M | $13.65M | $121.17M | $298.00K | $77.32M | $-81.22M | $526.00K | $904.00K | $16.00K | $4.22M | $- | $741.00K | $9.00K |
| Deferred Income Tax | $- | $- | $- | $- | $4.65M | $-2.34M | $-2.31M | $- | $- | $- | $- | $-78.23M | $-111.64M | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $2.88M | $2.46M | $2.38M | $2.34M | $2.31M | $1.76M | $1.73M | $1.65M | $1.77M | $911.00K | $1.07M | $-1.69M | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $7.25M | $1.34M | $4.11M | $-10.76M | $1.11M | $3.79M | $-2.90M | $-7.45M | $268.00K | $11.08M | $-6.51M | $858.00K | $1.64M | $1.81M | $1.17M | $-3.90M | $3.54M | $1.71M | $-679.00K | $1.47M |
| Accounts Receivables | $405.00K | $2.77M | $-664.00K | $-2.11M | $-286.00K | $1.20M | $-1.67M | $-500.00K | $742.00K | $-299.00K | $-2.12M | $-931.00K | $-1.07M | $-416.00K | $-141.00K | $-456.00K | $-310.00K | $24.00K | $-15.00K | $-2.05M |
| Inventory | $- | $- | $- | $- | $6.95M | $- | $- | $-6.95M | $-742.00K | $299.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $3.67M | $4.77M | $-6.61M | $6.85M | $2.10M | $1.82M | $-5.77M | $1.18M | $4.00M | $-200.00K | $1.33M | $6.20M | $3.14M | $3.36M | $-3.51M | $6.00M | $- | $- | $3.07M |
| Other Working Capital | $6.85M | $-5.10M | $8.00K | $-2.04M | $-5.45M | $494.00K | $-3.06M | $5.77M | $-912.00K | $7.08M | $-4.19M | $-472.00K | $-4.56M | $-918.00K | $-2.04M | $-388.00K | $-2.46M | $811.00K | $-238.00K | $-1.60M |
| Other Non Cash Items | $-34.70M | $-259.46M | $-12.41M | $-3.64M | $-620.00K | $34.67M | $-53.31M | $7.47M | $-64.79M | $-113.87M | $-4.76M | $-44.16M | $-2.33M | $-78.92M | $-61.95M | $-41.17M | $-71.80M | $-5.80M | $-20.20M | $34.68M |
| Net Cash Provided by Operating Activities | $18.41M | $-324.18M | $26.64M | $-81.40M | $20.57M | $55.49M | $-36.13M | $20.75M | $-50.73M | $10.70M | $-143.35M | $-52.37M | $-137.37M | $-49.40M | $-35.17M | $-19.73M | $-54.32M | $8.25M | $-13.26M | $1.11M |
| Investments in Property Plant and Equipment | $-136.00K | $159.00K | $-126.00K | $-33.00K | $-525.00K | $-749.00K | $-1.13M | $-343.00K | $-88.00K | $-106.00K | $- | $- | $-47.00K | $-335.00K | $-332.00K | $-490.00K | $-192.00K | $-27.00K | $-24.00K | $-10.00K |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-24.00K | $-36.00K | $60.00K | $1.20M | $- | $- | $490.00K | $2.21M | $- | $- | $-2.21M |
| Purchases of Investments | $- | $-455.19M | $-228.87M | $-240.70M | $-265.88M | $-143.04M | $-153.75M | $-70.08M | $-119.89M | $-507.32M | $-192.44M | $-221.18M | $-555.75M | $-150.22M | $-121.54M | $-86.69M | $-239.83M | $- | $- | $-47.74M |
| Sales Maturities of Investments | $- | $198.39M | $180.34M | $148.54M | $108.94M | $176.72M | $103.47M | $82.80M | $53.22M | $285.14M | $44.64M | $160.49M | $290.17M | $93.25M | $79.89M | $66.98M | $160.90M | $- | $- | $44.47M |
| Other Investing Activities | $- | $348.68M | $-126.00K | $92.13M | $-3.89M | $-33.68M | $50.28M | $-12.71M | $66.66M | $222.18M | $-36.00K | $60.75M | $264.37M | $- | $- | $19.71M | $76.72M | $- | $- | $-86.25M |
| Net Cash Used for Investing Activities | $-136.00K | $92.03M | $-48.66M | $-33.00K | $-157.46M | $-749.00K | $-1.13M | $-343.00K | $-88.00K | $-130.00K | $-36.00K | $60.00K | $-47.00K | $-335.00K | $-332.00K | $-490.00K | $-192.00K | $-27.00K | $-24.00K | $-91.74M |
| Debt Repayment | $-37.19M | $142.11M | $34.51M | $88.80M | $113.00M | $-132.00M | $48.50M | $-4.00M | $50.00M | $-25.00M | $86.00M | $43.00M | $156.00M | $65.00M | $25.00M | $-90.00M | $68.69M | $10.00M | $-25.00M | $65.00M |
| Common Stock Issued | $49.67M | $79.38M | $46.93M | $24.24M | $45.00M | $91.69M | $9.54M | $4.05M | $- | $55.23M | $57.91M | $- | $579.00K | $- | $- | $112.09M | $- | $- | $- | $125.00M |
| Common Stock Repurchased | $-547.00K | $-799.00K | $-798.00K | $-1.58M | $-637.00K | $-604.00K | $-527.00K | $-2.06M | $-2.26M | $23.15M | $-23.92M | $-2.00K | $-138.00K | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-29.11M | $-26.11M | $-24.49M | $-22.82M | $-22.95M | $-18.86M | $-16.33M | $-20.66M | $-20.44M | $-17.16M | $-7.93M | $-8.75M | $-8.09M | $-6.77M | $-6.26M | $-3.81M | $-3.81M | $-3.65M | $-2.88M | $- |
| Other Financing Activities | $- | $- | $- | $- | $- | $- | $-1 | $- | $-5.00K | $-3.14M | $- | $- | $-4.50M | $-2.65M | $-54.00K | $-7.88M | $-1.91M | $-311.00K | $76.00K | $-19.89M |
| Net Cash Used Provided by Financing Activities | $-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 | $10.40M | $62.96M | $6.03M | $-27.80M | $170.11M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-1.52M | $5.24M | $-3.72M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $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 | $-9.82M | $8.45M | $14.25M | $-41.08M | $79.48M |
| Cash at End of Period | $9.63M | $8.54M | $46.10M | $11.97M | $4.76M | $7.23M | $12.27M | $8.34M | $10.61M | $34.14M | $13.23M | $28.68M | $46.74M | $40.31M | $34.47M | $51.28M | $61.10M | $52.65M | $38.40M | $79.48M |
| Cash at Beginning of Period | $8.54M | $46.10M | $11.97M | $4.76M | $7.23M | $12.27M | $8.34M | $10.61M | $34.14M | $13.23M | $28.68M | $46.74M | $40.31M | $34.47M | $51.28M | $61.10M | $52.65M | $38.40M | $79.48M | $- |
| Operating Cash Flow | $18.41M | $-232.02M | $26.64M | $-81.40M | $20.57M | $55.49M | $-36.13M | $20.75M | $-50.73M | $10.70M | $-143.35M | $-52.37M | $-137.37M | $-49.40M | $-35.17M | $-19.73M | $-54.32M | $8.25M | $-13.26M | $1.11M |
| Capital Expenditure | $-136.00K | $-125.00K | $-126.00K | $-33.00K | $-525.00K | $-749.00K | $-1.13M | $-343.00K | $-88.00K | $-106.00K | $- | $- | $-47.00K | $-335.00K | $-332.00K | $-490.00K | $-192.00K | $-27.00K | $-24.00K | $-10.00K |
| Free Cash Flow | $18.27M | $-232.15M | $26.51M | $-81.43M | $20.05M | $54.74M | $-37.26M | $20.40M | $-50.82M | $10.60M | $-143.35M | $-52.37M | $-137.42M | $-49.74M | $-35.50M | $-20.22M | $-54.52M | $8.22M | $-13.28M | $1.10M |
Trinity Capital Dividends
Explore Trinity Capital's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
13.02%
Dividend Payout Ratio
88.70%
Dividend Paid & Capex Coverage Ratio
-3.09x
Trinity Capital Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.51 | $0.51 | March 31, 2025 | March 31, 2025 | April 15, 2025 | March 19, 2025 |
| $0.51 | $0.51 | December 31, 2024 | December 31, 2024 | January 15, 2025 | December 12, 2024 |
| $0.51 | $0.51 | September 30, 2024 | September 30, 2024 | October 15, 2024 | September 18, 2024 |
| $0.51 | $0.51 | June 28, 2024 | June 28, 2024 | July 15, 2024 | June 13, 2024 |
| $0.51 | $0.51 | March 27, 2024 | March 28, 2024 | April 15, 2024 | March 14, 2024 |
| $0.5 | $0.5 | December 28, 2023 | December 29, 2023 | January 12, 2024 | December 14, 2023 |
| $0.54 | $0.54 | September 28, 2023 | September 30, 2023 | October 13, 2023 | September 13, 2023 |
| $0.53 | $0.53 | June 29, 2023 | June 30, 2023 | July 14, 2023 | June 14, 2023 |
| $0.47 | $0.47 | March 30, 2023 | March 31, 2023 | April 14, 2023 | March 14, 2023 |
| $0.46 | $0.61 | December 29, 2022 | December 30, 2022 | January 13, 2023 | December 15, 2022 |
| $0.6 | $0.6 | September 29, 2022 | September 30, 2022 | October 14, 2022 | September 15, 2022 |
| $0.57 | $0.57 | June 29, 2022 | June 30, 2022 | July 15, 2022 | June 15, 2022 |
| $0.55 | $0.55 | March 30, 2022 | March 31, 2022 | April 15, 2022 | March 15, 2022 |
| $0.36 | $0.36 | December 30, 2021 | December 31, 2021 | January 14, 2022 | December 16, 2021 |
| $0.33 | $0.33 | September 29, 2021 | September 30, 2021 | October 15, 2021 | September 13, 2021 |
| $0.29 | $0.29 | June 29, 2021 | June 30, 2021 | July 15, 2021 | June 16, 2021 |
| $0.28 | $0.28 | March 30, 2021 | March 31, 2021 | April 16, 2021 | March 24, 2021 |
| $0.27 | $0.27 | December 29, 2020 | December 30, 2020 | January 15, 2021 |
Trinity Capital News
Read the latest news about Trinity Capital, including recent articles, headlines, and updates.
Yield Hunting Part 16: Trinity Capital's Baby Bonds And 7%-Plus Yield To Call
Trinity Capital's baby bonds offer yields over 2% above sector benchmarks, with stable common stock performance and investment-grade equivalent balance sheet. TRIN's bonds, TRINI and TRINZ, show attractive yields to maturity and call, outperforming comparable sector bonds in our low-duration portfolio. TRIN's credit score, based on a modified Moody's methodology, is A2, reflecting strong asset quality, leverage, and debt structure.
Risk-Off Mode In The BDC Market: 1 Overrated And 1 Underrated Pick
BDCs are meant to provide high-dividends, while preserving NAV. However, given the signs both in the stock market and in the real economy on the ground, BDC investors have to be extra careful. Currently, BDCs face several headwinds, which increase the risk of dividend cuts and price declines, especially within the more speculative and high-multiple segments.
Buy 4 Ideal 'Safer' February Dividends, Out Of 40 Choices From Readers
Since May 2017, reader-selected dividend-paying stocks have been featured, with valuable reader feedback improving accuracy and direction. My Dogs of The Week portfolios are available for Dividend Dogcatcher subscribers, with detailed summaries and reference guides listed by date. I prioritize stocks whose dividends from $1K invested exceed their single share price, categorizing them as "cash rich" or "cash poor".
Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the First Quarter of 2025
21st Consecutive Quarter of a Consistent or Increased Dividend PHOENIX , March 19, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading international alternative asset manager, today announced that its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending March 31, 2025. This is an equivalent dividend compared to the fourth quarter of 2024 and marks the 21st consecutive quarter of a consistent or increased dividend for Trinity shareholders.
Trinity Capital Inc. Expands Institutional Fundraising Efforts with Appointment of Zach Taffet
PHOENIX , March 12, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) (the "Company"), a leading international alternative asset manager, today announced the appointment of Zach Taffet as Director of Capital Formation & Investor Relations. Mr. Taffet will help drive the strategic direction for the Company's private fund strategies and management of institutional capital through its RIA platform.
Trinity Capital: One Of The Top High-Yield Dividend Stocks
Trinity Capital is a "BUY" due to its high, sustainable dividend yield and solid financial performance since its IPO. TRIN's dividend yield exceeds 12%, with a payout ratio close to 100%, making it the highest among the leaders of the industry. The company's robust portfolio quality, high net investment income, and growing net asset value justify the future high dividend payouts.
Trinity Capital: Q4 Earnings Reveal Improved Fundamentals
Trinity Capital shows a 31.1% total return over the past year, driven by a 12.6% dividend yield and improved net investment income. Despite strong Q4 earnings and reduced non-accrual rates, TRIN trades at a high premium to NAV, making it less attractive for new investments. TRIN's portfolio strategy includes diverse secured loans, equipment financings, and equity & warrants, with a significant focus on floating rate investments benefiting from higher interest rates.
Trinity Capital Inc. Expands Life Sciences Presence to East Coast with John Orlando as Managing Director
PHOENIX , March 3, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) (the "Company"), a leading alternative asset manager, today announced the appointment of John Orlando as Managing Director of Life Sciences, based in Boston. Mr. Orlando, an established leader with over a decade of experience in venture lending, has built a strong reputation as a trusted partner within the Life Sciences industry.
Trinity Capital, Inc. (TRIN) Q4 2024 Earnings Call Transcript
Trinity Capital, Inc. (NASDAQ:TRIN ) Q4 2024 Earnings Conference Call February 26, 2025 12:00 PM ET Company Participants Ben Malcolmson - Head, IR Kyle Brown - CEO, President, Chief Investment Officer & Director Michael Testa - CFO & Treasurer Gerald Harder - COO Ronald Kundich - Chief Credit Officer Conference Call Participants Matthew Hurwit - Jefferies Doug Harter - UBS Paul Johnson - KBW Christopher Nolan - Ladenburg Thalmann Operator Good morning. My name is David, and I'll be your conference operator today.
Trinity Capital Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
Return on Average Equity hits 17.4 % in Q4 Record Quarterly Net Investment Income of $35 million, or $0.58 per share Record Annual Net Investment Income of $116 million, or $2.20 per share 2024 Total Investment Income grows 31 % year-over-year PHOENIX , Feb. 26, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading alternative asset manager, today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Total investment income of $70.8 million, an increase of 48.1% year-over-year Net investment income ("NII") of $34.6 million, or $0.58 per basic share Net increase in net assets resulting from operations of $45.9 million, or $0.77 per basic share 17.4% Return on Average Equity "ROAE" (NII/Average Equity) 7.6% Return on Average Assets "ROAA" (NII/Average Assets) Net Asset Value of $823.0 million, or $13.35 per share at the end of Q4 Total gross investment commitments of $410.6 million Total gross investments funded $297.3 million, comprised of $233.4 million in 9 new portfolio companies, $58.7 million in 15 existing portfolio companies and $5.2 million in multi-sector holdings Total investment exits and repayments of $280.6 million, including $129.0 million from early debt repayments, $16.4 million from warrant and equity sales, $58.7 million from scheduled/amortizing debt payments and $76.5 million from investments sold to multi-sector holdings 20th consecutive quarter of a consistent or increased regular dividend, with a fourth quarter distribution of $0.51 per share Full Year 2024 Highlight Total investment income of $237.7 million, an increase of 30.7% year-over-year Net investment income of $115.8 million, or $2.20 per share Total gross investments funded of $1.2 billion, an increase of 91.6% year-over-year Net investment portfolio growth at cost of $440.9 million, an increase of 33.4% year-over-year Total platform assets under management of $2.0 billion, an increase of 40.6% year-over-year Undistributed earnings spillover of $66.8 million, or $1.08 per share outstanding, based on total shares outstanding at Q4 2024 "Our team executed across various strategic initiatives to drive growth and deliver a milestone year in 2024," said Kyle Brown, Chief Executive Officer of Trinity Capital.
Trinity Capital Inc. Provides $15 Million in Growth Capital to Cagent Vascular Inc.
PHOENIX , Feb. 20, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $15 million in growth capital to Cagent Vascular Inc., a leading developer of serration technology for vessel dilation in endovascular interventions. This capital augments $45 million of equity financing led by US Venture Partners in 2024.
Trinity Capital Inc. Announces Preliminary Estimates of Financial Results for Fourth Quarter and Year Ended 2024
PHOENIX , Feb. 4, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading alternative asset manager, today announced preliminary estimates of financial results for the fourth quarter and year ended December 31, 2024. Trinity Capital's preliminary estimate of its fourth quarter 2024 net investment income is in the range of $0.58 to $0.60 per share.
Barings and Trinity Capital Partner to Commence Phase II Construction at Horizon 16 Industrial Park in Savannah, GA
CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world's largest diversified real estate investment managers, and Trinity Capital, a Charlotte-based commercial real estate development firm, announced today that they have commenced construction on Phase II of Horizon 16 Industrial Park, a joint venture logistics park in Savannah, GA. Phase II will focus on six buildings across 1.5 million square feet of Class-A industrial space designed to meet the needs of regional, national, and internati.
Trinity Capital: Record Quarter Impressive Amidst A Challenging Economic Backdrop
Trinity Capital posted record highs in Q3, with impressive top and bottom line growth, despite a challenging economic backdrop and flat net investment income per share. The BDC's strong portfolio quality, disciplined underwriting, and record $2 billion AUM highlight its solid growth and credit quality, despite a slight increase in leverage. Dividend coverage is solid at 106%, supported by ample spillover income and lower exposure to floating rate debt compared to peers, ensuring near-term safety.
Trinity Capital Inc. Provides $25 Million in Growth Capital to Wisetack
PHOENIX , Jan. 30, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $25 million in growth capital to Wisetack , a leading pay-over-time platform for home services. Wisetack provides consumer financing for home services such as HVAC, plumbing, and pest control, allowing customers to quickly and easily set up pay-over-time options.
Morningstar DBRS Confirms Trinity Capital Inc.'s Investment Grade Rating
PHOENIX , Jan. 29, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading alternative asset manager, today announced that DBRS, Inc. ("Morningstar DBRS") a leading provider of independent investment insights, has confirmed its previously assigned investment grade credit rating of "BBB (low)" with a stable outlook to the Company. Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and structured finance instruments globally.
Yield Hunting Part 6: Trinity Capital Baby Bonds Still Have Some Alpha Left At 7.8%
Trinity Capital offers stable returns through private credit markets, managing $3.8 billion in assets across five business verticals. TRIN's baby bonds, offering yields around 7.88%, are slightly mispriced, presenting a strong investment opportunity. TRIN's credit score, based on our adjusted Moody's methodology, is Baa1 equivalent, indicating strong financial health and a balanced debt structure.
Trinity Capital Inc. Provides $30 Million in Growth Capital to Elucent Medical
PHOENIX , Jan. 27, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $30 million in growth capital to Elucent Medical ("Elucent"), a pioneering medical technology company transforming the field of guided surgical technologies. Elucent amplifies the field of surgical guidance, transforming standard instruments into smart tools with In-Body Spatial Intelligence™, giving physicians true 3D surgical awareness for unmatched precision.
Trinity Capital Inc. Announces Fourth Quarter 2024 Call Details and 2025 Financial Reporting Dates
PHOENIX , Jan. 22, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading alternative asset manager, today announced that it expects to issue quarterly earnings releases before the market opens and hold conference calls at the time indicated on the following dates: Fourth quarter and full year 2024: Wednesday, February 26, 2025, at 12:00 p.m. ET First quarter 2025: Wednesday, May 7, 2025, at 12:00 p.m.
Trinity Capital Inc.'s Equipment Finance Vertical Celebrates Milestone: Over $1 Billion in Fundings to High-Growth Companies
PHOENIX , Jan. 22, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital" or the "Company"), a leading alternative asset manager, today announced that its equipment finance vertical has surpassed $1 billion in fundings to high-growth companies since 2018. This milestone underscores the Company's commitment to supporting the growth and innovation of businesses in a variety of industries, including manufacturing & automation, energy, space technology, climate tech, and artificial intelligence.
Trinity Capital Inc. Provides $30 Million in Growth Capital to Silk Technologies Inc.
PHOENIX , Jan. 21, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $30 million in growth capital to Silk Technologies ("Silk"), a leader in software-defined cloud storage. Silk is a software-defined cloud storage provider focused on enhancing the performance and efficiency of cloud applications and databases.
Trinity Capital Inc. Provides $12.5 Million in Growth Capital to Upward Health
PHOENIX , Jan. 16, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading alternative asset manager, today announced the commitment of $12.5 million in growth capital to Upward Health, an in-home, multidisciplinary medical group providing 24/7 whole-person care. The company partners with health plans and other risk-bearing entities to address the unique needs of high-risk, high-need patients, delivering care that aims to improve health outcomes and quality of life.
Trinity Capital Inc. Funds a Record $1.2 Billion of Investments in 2024
Company originates $1.6 billion of new commitments in 2024 PHOENIX , Jan. 13, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading alternative asset manager, today announced a portfolio update for the fourth quarter of 2024. Trinity funded $297 million of total investments in the fourth quarter, putting Trinity at a record of $1.2 billion of fundings in 2024.
Trinity Capital: My Favorite BDC Right Now
Trinity Capital offers a diversified asset mix and floating-rate exposure, making it a compelling passive income vehicle in a higher-for-longer rate environment. Consistent dividend coverage and a 14% yield, with potential for a 2% dividend hike in 2Q25, underscore its strong income potential. The BDC's net investment income surged 26% YoY in 3Q24, driven by new originations and higher interest rates, supporting future growth.
Trinity Capital: Record Earnings, Big Yield
Trinity Capital is an internally managed BDC specializing in venture debt, with a diversified portfolio and significant floating rate debt investments. Despite lower interest rates, TRIN achieved record net investment income and total investment income in Q3 '24, showcasing resilience and growth. TRIN's valuation shows a 12.7% premium to NAV/share, with a strong dividend yield of 13.92% and consistent insider buying.
8 Stocks I'm Buying As I Hone My Buying Strategy For 2025
I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I've sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towards immediate income.
Trinity Capital: An Improvement In Portfolio Quality (Ratings Upgrade)
Trinity Capital offers a nearly 14% dividend yield, supported by solid fundamentals and improving portfolio risk quality, with a recent increase in top-performing investments. The dividend is well-covered by net investment income, with minimal reliance on payment-in-kind income, ensuring strong cash income coverage. Despite declining interest rates, Trinity Capital has seen strong NII growth, with management optimistic about lending pipeline demand offsetting rate declines.
Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks
Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.
Trinity Capital Inc. Provides $50 Million in Equipment Financing to Form Energy
PHOENIX , Dec. 16, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $50 million in equipment financing to Form Energy, an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems. Form Energy aims to reform the global electricity system through the development of innovative, low-cost multi-day energy storage solutions.
Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Fourth Quarter of 2024
20th Consecutive Quarter of a Consistent or Increased Dividend PHOENIX , Dec. 12, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced that its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending December 31, 2024. This is an equivalent dividend compared to the third quarter of 2024 and marks the 20th consecutive quarter of a consistent or increased dividend for Trinity shareholders.
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