TRIN
Company Description
Trinity Capital Inc. is a business development company specializing in term loans, equipment financing, and private equity-related investments. The firm provides tech lending, equipment financing, life sciences, warehouse lending, and sponsor finance sources. The firm is industry agnostic and invests in growth-stage companies across industries, including aerospace, software, Agricultural Equipment, Alternative Protein, Clean Technology, Energy, Food and Beverage / CPG, Information Technology, Life Sciences, Oil and Gas, Robotics, Semiconductors, Transportation, and consumer and retail. They provide investors with stable and consistent returns through access to the private credit market. Trinity Capital Inc. was founded in 2008 and is based in Phoenix, Arizona, with additional offices in Solana Beach, California and San Diego, California.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 232.25M | 237.44M | 174.84M | 43.54M | 175.48M | 40.59M | 0 |
| Net Income | 135.60M | 115.60M | 76.89M | (30.38M) | 132.32M | (6.11M) | (524,000) |
| EPS | 1.96 | 2.19 | 2.07 | -0.96 | 4.86 | -0.23 | -0.02 |
| Free Cash Flow | (535.50M) | (317.33M) | (99.00M) | 54.72M | (242.88M) | (58.48M) | 0 |
| FCF / Share | -7.73 | -6.02 | -2.54 | 1.73 | -8.92 | -2.21 | N/A |
| Operating CF | (535.50M) | (316.91M) | (96.26M) | 54.91M | (241.67M) | (58.23M) | 0 |
| Total Assets | 2.48B | 1.77B | 1.31B | 1.13B | 937.12M | 559.71M | 6.20M |
| Total Debt | 1.31B | 877.67M | 646.89M | 610.59M | 455.35M | 299.75M | 0 |
| Cash & Equiv | 19.11M | 9.63M | 4.76M | 10.61M | 31.68M | 44.66M | 0 |
| Book Value | 1.09B | 822.98M | 611.16M | 459.65M | 446.53M | 238.75M | (524,000) |
| Return on Equity | 0.12 | 0.14 | 0.13 | -0.07 | 0.30 | -0.03 | N/A |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 87.29M | 83.32M | 50.41M | 66.23M | 76.09M | 60.09M | 82.11M | 56.81M | 58.73M | 39.80M | 40.47M | 39.85M |
| Net Income | 44.41M | 45.52M | 39.46M | 27.64M | 41.41M | 27.09M | 45.86M | 24.40M | 30.83M | 14.51M | 17.70M | 16.82M |
| EPS | 0.49 | 0.53 | 0.51 | 0.39 | 0.63 | 0.43 | 0.77 | 0.47 | 0.61 | 0.31 | 0.40 | 0.60 |
| Free Cash Flow | (259.94M) | 15.14M | 1.17M | 27.13M | (123.71M) | (63.45M) | 18.27M | (232.15M) | (22.02M) | (81.43M) | (136.89M) | 21.06M |
| FCF / Share | -2.87 | 0.18 | 0.02 | 0.38 | -1.88 | -1.01 | 0.31 | -4.27 | -0.44 | -1.74 | -3.09 | 0.52 |
| Operating CF | (259.91M) | 15.55M | 1.35M | 27.20M | (123.53M) | (63.34M) | 18.41M | (232.02M) | (21.89M) | (81.40M) | (136.37M) | 21.81M |
| Total Assets | 2.81B | 2.56B | 2.48B | 2.25B | 2.05B | 1.86B | 1.77B | 1.73B | 1.51B | 1.41B | 1.31B | 1.15B |
| Total Debt | 1.50B | 1.36B | 1.31B | 1.19B | 1.05B | 958.95M | 877.67M | 912.59M | 764.86M | 729.30M | 639.61M | 525.73M |
| Cash & Equiv | 22.18M | 19.63M | 19.11M | 9.47M | 26.25M | 8.39M | 9.63M | 8.54M | 46.10M | 11.97M | 4.76M | 7.23M |
| Book Value | 1.27B | 1.17B | 1.09B | 998.26M | 923.57M | 833.39M | 822.98M | 756.79M | 680.04M | 626.32M | 611.16M | 569.46M |
| Return on Equity | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.06 | 0.03 | 0.05 | 0.02 | 0.03 | 0.03 |
