Trinity Capital Inc. logo TRIN - Trinity Capital Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 5
HOLD 1
SELL 1
STRONG
SELL
0
| PRICE TARGET: $16.30 DETAILS
HIGH: $17.50
LOW: $13.00
MEDIAN: $17.00
CONSENSUS: $16.30
DOWNSIDE: 3.35%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q3
Revenue
Revenue 83.3 50.4 66.2 76.1 60.1 82.1 56.8 58.7 39.8 40.5 39.9 43.8 44.7 18.3 8.1 10.0 7.2 68.1 37.8 34.1 35.4 19.3 20.2 14.0 (12.9) 0
Cost of Revenue 17.3 0 21.0 18.0 17.7 19.1 16.9 13.9 12.1 10.4 10.8 12.0 11.1 10.3 9.3 7.8 6.8 6.2 5.1 4.4 4.6 4.3 3.9 4.3 4.3 0
Gross Profit 66.0 50.4 45.2 58.0 42.4 63.1 39.9 44.8 27.7 30.0 29.1 31.8 33.6 8.0 (1.2) 2.3 0.4 61.9 32.7 29.7 30.8 15.0 16.4 9.7 (17.2) 0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 4.4 4.9 4.5 4.0 4.5 4.6 3.5 3.4 2.6 3.2 2.9 3.0 2.9 2.6 2.8 2.4 2.3 2.3 1.9 1.6 1.4 1.3 1.1 1.1 0.9 0.0
Other Expenses 0 (17.8) 12.4 12.0 10.2 11.8 11.4 9.9 9.9 8.4 8.7 8.3 7.6 6.5 7.3 6.9 6.5 4.5 3.7 3.4 4.0 4.0 2.9 1.7 17.0 0
Operating Expenses 4.4 (12.9) 17.0 16.0 14.7 16.4 14.9 13.4 12.5 11.6 11.6 11.3 10.5 9.2 10.1 9.3 8.8 6.8 5.6 5.0 5.4 5.2 4.0 2.8 17.9 0.0
Operating Income
Operating Income 61.7 63.3 28.3 42.0 27.7 46.6 25.0 31.5 15.1 18.4 17.4 20.5 23.1 (1.2) (11.3) (7.1) (8.4) 55.1 27.2 24.7 25.4 9.7 12.3 6.9 (35.1) (0.0)
Interest Expense 24.1 23.9 21.0 18.0 17.7 19.1 16.9 13.9 12.1 10.4 10.8 12.0 11.1 10.3 9.3 7.8 6.8 6.2 5.1 4.4 4.6 4.3 3.9 4.3 4.3 0
Interest Income 0 83.2 72.6 66.7 62.7 66.3 59.2 51.8 49.4 44.7 45.0 44.5 40.5 40.8 37.2 32.5 28.4 21.5 20.7 18.1 16.3 14.4 12.6 13.4 10.8 0
Profitability
EBITDA 61.7 63.3 28.3 43.1 29.0 48.3 26.5 32.7 16.2 19.5 18.5 21.6 23.1 12.5 (10.3) (6.2) (7.6) 56.3 30.0 25.6 25.4 9.7 12.3 7.6 (35.0) 0
EBIT 61.7 63.3 28.3 42.0 27.7 46.6 25.0 31.5 15.1 18.4 17.4 20.5 23.1 (1.2) (11.3) (7.1) (8.4) 55.1 27.2 24.7 25.4 9.7 12.3 6.9 (35.1) (0.0)
Income Before Tax 45.5 39.5 28.3 42.0 27.7 46.6 25.0 31.5 15.1 18.4 17.4 20.5 23.1 (1.2) (11.3) (7.1) (8.4) 55.1 27.2 24.7 25.4 9.7 12.3 6.9 (35.1) (0.0)
Income Tax Expense 0 0 0.6 0.6 0.6 0.8 0.6 0.6 0.6 0.7 0.6 0.7 0.6 0.4 0.7 0.7 0.7 0 0 0 0.1 0 0 0 0 0
Net Income 45.5 39.5 27.6 41.4 27.1 45.9 24.4 30.8 14.5 17.7 16.8 19.9 22.5 (1.6) (12) (7.7) (9.1) 55.1 27.2 24.7 25.3 9.7 12.3 6.9 (35.1) (0.0)
Per Share Data
EPS (Basic) 0.53 0.51 0.39 0.63 0.43 0.77 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 -0.00
EPS (Diluted) 0.53 0.51 0.39 0.63 0.43 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 -0.00
Shares Outstanding 83.6 77.0 71.5 65.9 62.6 59.4 54.4 50.2 46.7 44.3 40.1 36.0 35.1 35.1 36.5 31.0 27.4 27.2 26.6 26.5 23.6 25.3 25.3 25.3 25.3 25.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Current Assets
Cash & Cash Equivalents 19.6 19.1 9.5 26.3 8.4 9.6 8.5 46.1 12.0 4.8 7.2 12.3 8.3 10.6 34.1 13.2 28.7 31.7 25.3 19.1 36.0 44.7 36.3 21.8 62.6
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 18.1 19.0 19.5 17.7 16.6 16.5 16.9 14.0 13.3 11.2 10.9 12.1 10.4 10.0 8.9 8.6 6.5 5.6 4.5 4.1 3.9 3.5 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 1.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19.5 19.7 20.1
Total Current Assets 37.7 39.2 28.9 43.9 25.0 26.2 25.5 60.1 25.3 16.0 18.1 24.4 18.8 20.6 43.0 21.8 35.2 37.9 30.8 24.5 41.8 48.9 56.3 41.8 82.8
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.5 0.5
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 2,484.9 2,418.1 2,192.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11.8 21.1 0 425.5 418.8 398.6
Other Non-Current Assets 33.2 27.1 24.5 2,001.1 1,832.3 1,748.1 1,709.3 1,445.3 1,384.4 1,295.0 1,132.8 1,164.7 1,104.5 1,105.9 1,053.7 1,068.4 930.8 899.2 696.6 605.2 531.1 510.8 0.1 0.2 0.3
Total Non-Current Assets 2,518.0 2,445.3 2,217.0 2,001.1 1,832.3 1,748.1 1,709.3 1,445.3 1,384.4 1,295.0 1,132.8 1,164.7 1,104.5 1,105.9 1,053.7 1,068.4 930.8 899.2 696.6 617.0 552.2 510.8 426.1 419.5 399.4
Total Assets 2,555.8 2,484.5 2,246.9 2,045.0 1,857.3 1,774.2 1,734.8 1,505.4 1,409.7 1,311.0 1,150.9 1,189.1 1,123.3 1,126.4 1,096.7 1,090.2 965.9 937.1 727.4 641.4 594.0 559.7 482.4 461.3 482.2
Current Liabilities
Account Payables 0 0 38.2 35.5 32.6 31.5 29.4 26.4 24.8 23.2 23.4 19.4 16.9 21.3 21.1 17.9 15.4 9.8 9.0 7.7 7.4 4.9 5.1 4.0 4.8
Short-Term Debt 1.4 1.7 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 (38.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 1.4 1.7 0.4 35.5 32.6 31.5 29.4 26.4 24.8 23.2 23.4 19.4 16.9 21.3 21.1 17.9 15.4 9.8 9.0 7.7 7.4 4.9 5.1 4.1 5.0
Non-Current Liabilities
Long-Term Debt 1,348.8 1,302.0 1,180.5 1,052.8 959.0 877.7 912.6 764.9 729.3 639.6 525.7 656.9 607.5 610.6 559.7 585.7 499.0 455.3 300.4 237.0 211.1 299.7 232.6 222.1 246.4
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 31.6 78.9 61.9 33.2 32.3 42.1 36.0 34.1 29.3 37.0 32.4 30.8 29.3 34.9 33.5 28.2 27.5 25.4 19.1 17.1 13.9 16.3 4.0 3 5.8
Total Non-Current Liabilities 1,389.6 1,390.5 1,248.3 1,086.0 991.3 919.8 948.6 798.9 758.6 676.7 558.1 687.7 636.7 645.5 593.2 614.0 526.5 480.8 319.4 254.0 225.0 316.0 240.0 228.6 252.6
Total Liabilities 1,389.6 1,390.5 1,248.7 1,121.5 1,023.9 951.3 978.0 825.4 783.4 699.8 581.5 707.1 653.6 666.8 614.3 631.8 541.9 490.6 328.4 261.7 232.4 321.0 245.1 232.7 257.6
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (19.3) (6.4) (16.9) (6.3) (12.2) (6.7) (33.5) (28.5) (32.9) (22.6) (21.4) (14.9) (15.3) (20.9) (5.2) 27.8 53.4 77.9 28.5 10.3 (6.7) (24.6) (25.2) (32.7) (35.6)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 1,166.3 1,094.0 998.3 923.6 833.4 823.0 756.8 680.0 626.3 611.2 569.5 482.0 469.7 459.6 482.5 458.3 424.0 446.5 399.0 379.7 361.6 238.7 237.3 228.6 224.6
Total Liabilities & Equity 2,555.8 2,484.5 2,246.9 2,045.0 1,857.3 1,774.2 1,734.8 1,505.4 1,409.7 1,311.0 1,150.9 1,189.1 1,123.3 1,126.4 1,096.7 1,090.2 965.9 937.1 727.4 641.4 594.0 559.7 482.4 461.3 482.2
Debt Metrics
Total Debt 1,358.0 1,311.6 1,186.8 1,052.8 959.0 877.7 912.6 764.9 729.3 639.6 525.7 656.9 607.5 610.6 559.7 585.7 499.0 455.3 300.4 237.0 211.1 299.7 236.1 225.7 247.0
Net Debt 1,338.4 1,292.5 1,177.3 1,026.6 950.6 868.0 904.1 718.8 717.3 634.9 518.5 644.6 599.1 600.0 525.6 572.5 470.4 423.7 275.0 217.9 175.1 255.1 199.8 203.8 184.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q3
Operating Activities
Net Income 29.8 68.5 27.6 41.4 27.1 45.9 24.4 30.8 14.5 17.7 16.8 19.9 22.5 (1.6) (12) (7.7) (9.1) 55.1 27.2 24.7 25.3 9.7 12.3 6.9 (35.1) (0.0)
Depreciation & Amortization 0 (33.4) 0 1.1 1.3 1.6 1.4 1.2 1.1 1.1 1.1 1.1 (3.5) 13.6 1.1 0.8 0.8 1.2 2.9 0.9 0.0 0.0 0.0 0.0 0.0 0
Stock-Based Compensation 0 3.2 0 0 0 2.4 2.8 2.9 2.5 2.4 0 0 1.8 1.7 1.7 1.8 0.9 0.9 (1.7) 0 0 0 0 0 0 0
Change in Working Capital (18.0) 16.6 (1.1) 16.1 (27.2) 0.2 (2.3) (0.7) (4.2) (5.7) 3.8 (2.9) (7.5) 0.3 8.2 (6.3) (0.5) (1.6) (1.3) 1.2 (3.9) 3.4 1.8 (0.7) 1.5 0.0
Other Non-Cash Items 3.7 (53.5) 0.6 (14.7) (1.9) (31.6) (258.4) (56.2) (95.3) (151.8) 1.2 (2.8) 7.5 (64.8) 11.8 (131.9) (44.5) (193.0) (76.4) (61.9) (21.5) (7.4) (6.4) (1.0) 38.0 0
Operating Cash Flow 15.6 1.3 27.2 42.8 (2.0) 18.4 (232.0) (21.9) (81.4) (136.4) 21.8 14.2 20.7 (50.7) 10.7 (143.3) (52.4) (137.4) (49.4) (35.2) (0.0) 5.7 7.8 5.2 4.4 0
Investing Activities
Capital Expenditure (0.4) (0.2) (0.1) (0.2) (0.1) (0.1) (0.1) (0.1) (0.0) (0.5) (0.7) (1.1) (0.3) (0.1) (0.1) 0 0 (0.0) (0.3) (0.3) (0.5) (0.2) (0.0) (0.0) (0.0) 0
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (91.7) 0
Purchases of Investments (299.6) (430.6) (466.6) (361.4) (218.5) 0 0 0 0 0 (143.0) (153.8) (70.1) (119.9) 0 0 0 0 0 0 (86.7) (102.3) (36.0) (53.8) (47.7) 0
Sales/Maturities of Investments 238.3 218.8 255.7 195.0 157.1 0 0 0 0 0 176.7 103.5 82.8 53.2 0 0 0 0 0 0 67.0 42.3 36.5 35.3 44.5 0
Other Investing Activities 0 45.2 0 0 0 0 0 0 0 0 0 0 (12.7) 66.7 (0.0) (0.0) 0.1 0 0 0 0 0 0 0 0 0
Investing Cash Flow (61.7) (166.8) (210.9) (166.5) (61.5) (0.1) (0.1) (0.1) (0.0) (0.5) 32.9 (51.4) (0.3) (0.1) (0.1) (0.0) 0.1 (0.0) (0.3) (0.3) (20.2) (60.3) 0.5 (18.5) (95.0) 0
Financing Activities
Net Debt Issuance 53.5 118.6 125.6 87.7 64.6 (37.2) 142.1 34.5 88.8 113 (132) 48.5 (4) 50 (25) 86 43 156 65 25 (90) 66.8 9.7 (25.0) 55.7 0
Stock Repurchased 0 0 0 0 0 (0.5) (0.8) (0.8) (1.6) (0.6) 0 0 (2.1) (2.3) 23.2 (23.9) (0.0) (0.1) 0 0 0 0 0 0 0 0
Dividends Paid (83.5) (37.8) (35.2) (32.3) (31.2) (29.1) (26.1) (24.5) (22.8) (22.9) (18.9) (16.3) (20.7) (20.4) (39.9) 7.9 (8.8) (8.1) (6.8) (6.3) (3.8) (3.8) (3.7) (2.9) 0 0
Other Financing Activities (1.6) (0.8) (1.1) (0.8) (1.7) 49.7 79.4 46.9 24.2 45.0 (0.6) (0.5) (1.1) (0.0) 52.1 57.9 (0.0) (3.9) (2.6) (0.1) (7.9) 0 0 0 0 0
Financing Cash Flow 46.7 175.1 166.9 141.6 62.2 (17.2) 194.6 56.2 88.6 134.4 (59.8) 41.2 (22.7) 27.3 10.3 127.9 34.2 143.8 55.6 18.7 10.4 63.0 6.0 (27.8) 170.1 0
Cash Position
Net Change in Cash 0.5 9.6 (16.8) 17.9 (1.2) 1.1 (37.6) 34.1 7.2 (2.5) (5.0) 3.9 (2.3) (23.5) 20.9 (15.5) (18.1) 6.4 5.8 (16.8) (9.8) 8.4 14.3 (41.1) 79.5 0
Cash at Beginning 19.1 9.5 26.3 8.4 9.6 8.5 46.1 12.0 4.8 7.2 12.3 8.3 10.6 34.1 13.2 28.7 46.7 40.3 34.5 51.3 61.1 52.7 38.4 79.5 0 0
Cash at End 19.6 19.1 9.5 26.3 8.4 9.6 8.5 46.1 12.0 4.8 7.2 12.3 8.3 10.6 34.1 13.2 28.7 46.7 40.3 34.5 51.3 61.1 52.7 38.4 79.5 0
Free Cash Flow 15.1 1.2 27.1 42.6 (2.1) 18.3 (232.1) (22.0) (81.4) (136.9) 21.1 13.0 20.4 (50.8) 10.6 (143.3) (52.4) (137.4) (49.7) (35.5) (0.5) 5.5 7.7 5.2 4.4 0
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q3
Income Statement
Revenue 83.3 50.4 66.2 76.1 60.1 82.1 56.8 58.7 39.8 40.5 39.9 43.8 44.7 18.3 8.1 10.0 7.2 68.1 37.8 34.1 35.4 19.3 20.2 14.0 (12.9) 0
Gross Profit 66.0 50.4 45.2 58.0 42.4 63.1 39.9 44.8 27.7 30.0 29.1 31.8 33.6 8.0 (1.2) 2.3 0.4 61.9 32.7 29.7 30.8 15.0 16.4 9.7 (17.2) 0
Operating Income 61.7 63.3 28.3 42.0 27.7 46.6 25.0 31.5 15.1 18.4 17.4 20.5 23.1 (1.2) (11.3) (7.1) (8.4) 55.1 27.2 24.7 25.4 9.7 12.3 6.9 (35.1) (0.0)
Net Income 45.5 39.5 27.6 41.4 27.1 45.9 24.4 30.8 14.5 17.7 16.8 19.9 22.5 (1.6) (12) (7.7) (9.1) 55.1 27.2 24.7 25.3 9.7 12.3 6.9 (35.1) (0.0)
EPS (Diluted) 0.53 0.51 0.39 0.63 0.43 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 -0.00
Balance Sheet
Cash & Equivalents 19.6 19.1 9.5 26.3 8.4 9.6 8.5 46.1 12.0 4.8 7.2 12.3 8.3 10.6 34.1 13.2 28.7 31.7 25.3 19.1 36.0 44.7 36.3 21.8 62.6
Total Assets 2,555.8 2,484.5 2,246.9 2,045.0 1,857.3 1,774.2 1,734.8 1,505.4 1,409.7 1,311.0 1,150.9 1,189.1 1,123.3 1,126.4 1,096.7 1,090.2 965.9 937.1 727.4 641.4 594.0 559.7 482.4 461.3 482.2
Total Debt 1,358.0 1,311.6 1,186.8 1,052.8 959.0 877.7 912.6 764.9 729.3 639.6 525.7 656.9 607.5 610.6 559.7 585.7 499.0 455.3 300.4 237.0 211.1 299.7 236.1 225.7 247.0
Stockholders' Equity 1,166.3 1,094.0 998.3 923.6 833.4 823.0 756.8 680.0 626.3 611.2 569.5 482.0 469.7 459.6 482.5 458.3 424.0 446.5 399.0 379.7 361.6 238.7 237.3 228.6 224.6
Cash Flow
Operating Cash Flow 15.6 1.3 27.2 42.8 (2.0) 18.4 (232.0) (21.9) (81.4) (136.4) 21.8 14.2 20.7 (50.7) 10.7 (143.3) (52.4) (137.4) (49.4) (35.2) (0.0) 5.7 7.8 5.2 4.4 0
Capital Expenditure (0.4) (0.2) (0.1) (0.2) (0.1) (0.1) (0.1) (0.1) (0.0) (0.5) (0.7) (1.1) (0.3) (0.1) (0.1) 0 0 (0.0) (0.3) (0.3) (0.5) (0.2) (0.0) (0.0) (0.0) 0
Free Cash Flow 15.1 1.2 27.1 42.6 (2.1) 18.3 (232.1) (22.0) (81.4) (136.9) 21.1 13.0 20.4 (50.8) 10.6 (143.3) (52.4) (137.4) (49.7) (35.5) (0.5) 5.5 7.7 5.2 4.4 0