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Trinity Capital Inc
NASDAQ:TRIN

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Trinity Capital Inc
NASDAQ:TRIN
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Price: 15.12 USD 0.2% Market Closed
Market Cap: $1.3B

Trinity Capital Inc
Investor Relations

Trinity Capital, Inc. engages in operation of an internally managed specialty lending company. The company is headquartered in Phoenix, Arizona and currently employs 41 full-time employees. The company went IPO on 2021-01-29. The company is a specialty lending company that provides debt, including loans and equipment financings, to growth stage companies, including venture-backed companies and companies with institutional equity investors. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation through its investments. The firm seeks to achieve its investment objective by making investments consisting primarily of term loans and equipment financings and, to a lesser extent, working capital loans, equity and equity-related investments. Its equipment financings involve loans for general or specific use, including acquiring equipment, that are secured by the equipment or other assets of the portfolio company. The firm targets its investments in growth stage companies, which are typically private companies.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 25, 2026
AI Summary
Q4 2025

Record NII: Trinity delivered record net investment income of $144 million for 2025 and $40 million in Q4, up 15% year-over-year.

Strong Portfolio Growth: Platform assets under management (AUM) grew to over $2.8 billion, up 38% year-over-year, and net asset value (NAV) increased 10% quarter-over-quarter to $1.1 billion.

Robust Originations: Trinity achieved record fundings of $1.5 billion for the year, with $435 million funded in Q4, and maintained a strong investment pipeline.

Low Nonaccruals: Non-accruals remained under 1% of the portfolio at fair value, with credit quality described as strong and consistent.

Monthly Dividend Initiated: The company transitioned to a monthly dividend of $0.17 per share, with a Q4 cash dividend of $0.51 per share.

Resilient to Rate Cuts: Management expects limited impact from future rate cuts due to interest rate floors on most loans and sees potential benefits from lower borrowing costs.

Managed Funds Expansion: Co-investment vehicles and new fund launches added liquidity and incremental income, with $400 million managed across private vehicles.

Key Financials
Net Investment Income
$144 million
Net Investment Income
$40 million
Net Investment Income per Share
$0.52
Total Investment Income
$83 million
Net Asset Value
$1.1 billion
Net Asset Value per Share
$13.42
Platform AUM
$2.8 billion
Fundings
$1.5 billion
Q4 Fundings
$435 million
Commitments
$2.1 billion
Non-Accruals
$15.2 million at fair value
Return on Average Equity
15.3%
Weighted Average Effective Portfolio Yield
15.2%
Dividend per Share (Q4)
$0.51
Dividend per Share (Monthly, 2026)
$0.17
Undistributed Taxable Income
$69 million
Undistributed Taxable Income per Share
$0.84
Net Leverage Ratio
1.18x
Assets Managed in Private Vehicles
$400 million
Co-Investment Vehicle NII Benefit (Q4)
$3.1 million
Co-Investment Vehicle NII Benefit per Share (Q4)
$0.04
Sponsor Finance Portfolio Concentration
14.6%
Enterprise SaaS Exposure
9%
Second Lien Portfolio Proportion
15%
First Lien Portfolio Proportion
85%
Portfolio Companies
130
Warrant Positions
209
Earnings Call Recording
Other Earnings Calls

Management

Mr. Steven Louis Brown
Founder & Executive Chairman
No Bio Available
Mr. Kyle Steven Brown
CEO, President, Chief Investment Officer & Director
No Bio Available
Mr. Gerald Harder
Chief Operating Officer
No Bio Available
Mr. Michael Testa
CFO & Treasurer
No Bio Available
Mr. Ben Sullivan
Accounting Manager
No Bio Available
Mr. Richard Nelson
Senior Technology Director
No Bio Available
Mr. Ben Malcolmson
Head of Investor Relations
No Bio Available
Ms. Sarah Stanton J.D.
Chief Compliance Officer, General Counsel & Secretary
No Bio Available
Mr. Vibhor Garg
Managing Director of Marketing
No Bio Available
Ms. Rachel Bloomer
Director of Human Resources
No Bio Available

Contacts

Address
ARIZONA
Phoenix
1 N. 1St St., 3Rd Floor
Contacts
+14803745350.0
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