TRIN - Trinity Capital Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$16.30
DETAILS
HIGH:
$17.50
LOW:
$13.00
MEDIAN:
$17.00
CONSENSUS:
$16.30
DOWNSIDE:
3.35%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 232.3 | 237.4 | 174.8 | 43.5 | 175.5 | 40.6 | 0 |
| Cost of Revenue | 0 | 61.9 | 33.1 | 34.1 | 20.4 | 16.8 | 0 |
| Gross Profit | 232.3 | 175.5 | 141.7 | 9.4 | 155.1 | 23.8 | 0 |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 17.9 | 14.2 | 12.0 | 10.2 | 7.0 | 4.4 | 1.3 |
| Other Expenses | (1.9) | 43.0 | 0 | 27.2 | 15.5 | 25.5 | 0 |
| Operating Expenses | 16.1 | 57.2 | 12.0 | 37.4 | 22.5 | 29.9 | 1.3 |
| Operating Income | |||||||
| Operating Income | 216.2 | 118.3 | 129.7 | (28.0) | 132.6 | (6.1) | (1.3) |
| Interest Expense | 80.6 | 61.9 | 44.3 | 34.1 | 20.4 | 16.8 | 0 |
| Interest Income | 293.7 | 226.7 | 174.8 | 138.8 | 76.6 | 51.3 | 0 |
| Profitability | |||||||
| EBITDA | 216.2 | 118.3 | 129.7 | (24.2) | 132.6 | (6.1) | (0.7) |
| EBIT | 216.2 | 118.3 | 129.7 | (28.0) | 132.6 | (6.1) | (1.3) |
| Income Before Tax | 135.6 | 118.3 | 79.5 | (28.0) | 132.6 | (6.1) | (0.5) |
| Income Tax Expense | 0 | 2.7 | 2.6 | 2.4 | 0.3 | 0 | 0 |
| Net Income | 135.6 | 115.6 | 76.9 | (30.4) | 132.3 | (6.1) | (0.5) |
| Per Share Data | |||||||
| EPS (Basic) | 1.96 | 2.19 | 2.07 | -0.96 | 4.86 | -0.23 | -0.02 |
| EPS (Diluted) | 1.96 | 2.10 | 1.89 | -0.96 | 4.86 | -0.23 | -0.02 |
| Shares Outstanding | 69.3 | 52.7 | 38.9 | 31.7 | 27.2 | 26.4 | 25.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 19.1 | 9.6 | 4.8 | 10.6 | 31.7 | 44.7 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 19.0 | 16.5 | 11.2 | 10.0 | 5.6 | 3.5 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 39.2 | 26.2 | 16.0 | 20.6 | 37.9 | 48.9 | 0 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 0 | 0 | 5.3 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 2,418.1 | 0 | 1,275.2 | 0 | 0 | 27.6 | 0 |
| Other Non-Current Assets | 27.1 | 1,748.1 | 11.3 | 1,105.9 | 899.2 | 483.2 | 6.2 |
| Total Non-Current Assets | 2,445.3 | 1,748.1 | 1,291.8 | 1,105.9 | 899.2 | 510.8 | 6.2 |
| Total Assets | 2,484.5 | 1,774.2 | 1,311.0 | 1,126.4 | 937.1 | 559.7 | 6.2 |
| Current Liabilities | |||||||
| Account Payables | 0 | 31.5 | 19.4 | 21.3 | 9.8 | 4.9 | 0 |
| Short-Term Debt | 1.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 23.2 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1.7 | 31.5 | 43.4 | 21.3 | 9.8 | 4.9 | 0 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 1,302.0 | 877.7 | 639.6 | 610.6 | 455.3 | 299.7 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 78.9 | 42.1 | 12.3 | 34.9 | 25.4 | 16.3 | 6.7 |
| Total Non-Current Liabilities | 1,390.5 | 919.8 | 658.3 | 645.5 | 480.8 | 316.0 | 6.7 |
| Total Liabilities | 1,390.5 | 951.3 | 699.8 | 666.8 | 490.6 | 321.0 | 6.7 |
| Stockholders' Equity | |||||||
| Common Stock | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | (6.4) | (6.7) | (22.6) | (20.9) | 77.9 | (24.6) | (0.5) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,094.0 | 823.0 | 611.2 | 459.6 | 446.5 | 238.7 | (0.5) |
| Total Liabilities & Equity | 2,484.5 | 1,774.2 | 1,311.0 | 1,126.4 | 937.1 | 559.7 | 6.2 |
| Debt Metrics | |||||||
| Total Debt | 1,311.6 | 877.7 | 646.9 | 610.6 | 455.3 | 299.7 | 0 |
| Net Debt | 1,292.5 | 868.0 | 642.1 | 600.0 | 423.7 | 255.1 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 146.7 | 115.6 | 76.9 | (30.4) | 132.3 | (6.1) | (0.5) |
| Depreciation & Amortization | (55.9) | (9.5) | 0 | 3.8 | (80.3) | 0.1 | 0 |
| Stock-Based Compensation | 12.0 | 0 | 0 | 0 | 1.1 | 0 | 0 |
| Change in Working Capital | 4.4 | 1.9 | (5.5) | 5.7 | 0.7 | 6.0 | 0.5 |
| Other Non-Cash Items | (642.8) | (425.0) | (167.7) | 79.6 | (374.7) | (58.2) | 0 |
| Operating Cash Flow | (535.5) | (316.9) | (96.3) | 54.9 | (241.7) | (58.2) | 0 |
| Investing Activities | |||||||
| Capital Expenditure | (0.8) | (0.4) | (2.7) | (0.2) | (1.2) | (0.3) | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 1.2 | (2.2) | 0 |
| Purchases of Investments | (1,477.0) | (1,218.9) | 0 | (627.2) | (555.7) | 0 | 0 |
| Sales/Maturities of Investments | 826.7 | 807.9 | 0 | 336.6 | 290.2 | 0 | 0 |
| Other Investing Activities | 650.3 | 410.6 | 0 | 0 | 265.6 | (89.5) | 0 |
| Investing Cash Flow | (0.8) | (0.4) | (2.7) | (290.9) | (1.2) | (92.0) | 0 |
| Financing Activities | |||||||
| Net Debt Issuance | 396.5 | 228.2 | 25.5 | 150.9 | 156 | 118.7 | 0 |
| Stock Repurchased | 0 | (3.7) | (3.8) | (2.0) | (0.1) | 0 | 0 |
| Dividends Paid | (136.4) | (102.5) | (78.8) | (61.2) | (24.9) | (10.3) | 0 |
| Other Financing Activities | (4.4) | (3.7) | (2.8) | (1.0) | 97.6 | (22.0) | 0 |
| Financing Cash Flow | 545.8 | 322.2 | 93.2 | 199.8 | 228.5 | 211.3 | 0 |
| Cash Position | |||||||
| Net Change in Cash | 9.5 | 4.9 | (5.9) | (36.1) | (14.4) | 61.1 | 0 |
| Cash at Beginning | 9.6 | 4.8 | 10.6 | 46.7 | 61.1 | 0 | 0 |
| Cash at End | 19.1 | 9.6 | 4.8 | 10.6 | 46.7 | 61.1 | 0 |
| Free Cash Flow | (535.5) | (317.3) | (99.0) | 54.7 | (242.9) | (58.5) | 0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 232.3 | 237.4 | 174.8 | 43.5 | 175.5 | 40.6 | 0 |
| Gross Profit | 232.3 | 175.5 | 141.7 | 9.4 | 155.1 | 23.8 | 0 |
| Operating Income | 216.2 | 118.3 | 129.7 | (28.0) | 132.6 | (6.1) | (1.3) |
| Net Income | 135.6 | 115.6 | 76.9 | (30.4) | 132.3 | (6.1) | (0.5) |
| EPS (Diluted) | 1.96 | 2.10 | 1.89 | -0.96 | 4.86 | -0.23 | -0.02 |
| Balance Sheet | |||||||
| Cash & Equivalents | 19.1 | 9.6 | 4.8 | 10.6 | 31.7 | 44.7 | 0 |
| Total Assets | 2,484.5 | 1,774.2 | 1,311.0 | 1,126.4 | 937.1 | 559.7 | 6.2 |
| Total Debt | 1,311.6 | 877.7 | 646.9 | 610.6 | 455.3 | 299.7 | 0 |
| Stockholders' Equity | 1,094.0 | 823.0 | 611.2 | 459.6 | 446.5 | 238.7 | (0.5) |
| Cash Flow | |||||||
| Operating Cash Flow | (535.5) | (316.9) | (96.3) | 54.9 | (241.7) | (58.2) | 0 |
| Capital Expenditure | (0.8) | (0.4) | (2.7) | (0.2) | (1.2) | (0.3) | 0 |
| Free Cash Flow | (535.5) | (317.3) | (99.0) | 54.7 | (242.9) | (58.5) | 0 |