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Trinity Capital Inc. logo

Trinity Capital Inc.

TRIN

NYSEFinancial ServicesAsset Management

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Previous close

$18.35

+$0.08 · +0.44%

Aug 21, 4:00 PM ET

TRIN company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

85

Deep Value

Momentum

53

Neutral

Sentiment

53

Mixed

Risk resilience

83

Low Risk

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Company profile

Company website

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.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Kyle Steven Brown
Listed since
Jan 29, 2021
Employees
109

Market position

Day range

Current $18.35

52-week range

Current $18.35

Open
$18.39
Previous close
$18.27
Volume
530.52K
0.49× average
Average volume
1.08M
Average daily volume
Market cap
1.65B USD
Beta
0.68
Market reference 1
50-day average
$17.5971
+4.28% above average
200-day average
$16.0885
+14.06% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.31B USD
P/E (TTM)
9.56×
P/B (TTM)
1.31×
P/S (TTM)
5.74×
EV / EBITDA
10.67×
Earnings yield
13.36%
Free cash flow yield
-52.76%
Dividend yield
12.04%

Profitability & efficiency

Gross margin
86.68%
Operating margin
77.46%
Net margin
54.67%
Return on equity
12.40%
Return on assets
5.46%
Return on invested capital
8.70%

Financial health

Debt / equity
1.18×
Current ratio
22.79×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends117%49%-19%-87%Gross margin, FY2021: 88.38%Gross margin, FY2022: 21.57%Gross margin, FY2023: 81.07%Gross margin, FY2024: 73.91%Gross margin, FY2025: 100.00%Operating margin, FY2021: 75.55%Operating margin, FY2022: -64.28%Operating margin, FY2023: 74.21%Operating margin, FY2024: 49.81%Operating margin, FY2025: 93.07%Net margin, FY2021: 75.40%Net margin, FY2022: -69.77%Net margin, FY2023: 43.98%Net margin, FY2024: 48.68%Net margin, FY2025: 58.39%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 88.38%. Gross margin FY2022 21.57%. Gross margin FY2023 81.07%. Gross margin FY2024 73.91%. Gross margin FY2025 100.00%. Operating margin FY2021 75.55%. Operating margin FY2022 -64.28%. Operating margin FY2023 74.21%. Operating margin FY2024 49.81%. Operating margin FY2025 93.07%. Net margin FY2021 75.40%. Net margin FY2022 -69.77%. Net margin FY2023 43.98%. Net margin FY2024 48.68%. Net margin FY2025 58.39%.

Income trends

Revenue

232.25M USD-2.18%

Operating income

216.17M USD+82.77%

Net income

135.6M USD+17.31%
Income trends across reported periods264.22M USD157.1M USD49.97M USD−57.16M USDRevenue, FY2021: 175.48M USDRevenue, FY2022: 43.54M USDRevenue, FY2023: 174.84M USDRevenue, FY2024: 237.44M USDRevenue, FY2025: 232.25M USDOperating income, FY2021: 132.58M USDOperating income, FY2022: −27.99M USDOperating income, FY2023: 129.74M USDOperating income, FY2024: 118.27M USDOperating income, FY2025: 216.17M USDNet income, FY2021: 132.32M USDNet income, FY2022: −30.38M USDNet income, FY2023: 76.89M USDNet income, FY2024: 115.6M USDNet income, FY2025: 135.6M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 175.48M USD. Revenue FY2022 43.54M USD. Revenue FY2023 174.84M USD. Revenue FY2024 237.44M USD. Revenue FY2025 232.25M USD. Operating income FY2021 132.58M USD. Operating income FY2022 −27.99M USD. Operating income FY2023 129.74M USD. Operating income FY2024 118.27M USD. Operating income FY2025 216.17M USD. Net income FY2021 132.32M USD. Net income FY2022 −30.38M USD. Net income FY2023 76.89M USD. Net income FY2024 115.6M USD. Net income FY2025 135.6M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue232.25M USD237.44M USD174.84M USD43.54M USD175.48M USD
Cost of goods sold—61.95M USD33.09M USD34.15M USD20.39M USD
Gross profit232.25M USD175.49M USD141.75M USD9.39M USD155.09M USD
Selling, general, and administrative17.94M USD14.18M USD12.01M USD10.19M USD6.99M USD
Operating expenses16.09M USD57.22M USD12.01M USD37.38M USD22.51M USD
Interest income293.65M USD226.73M USD174.84M USD138.84M USD76.63M USD
Interest expense80.57M USD61.95M USD44.3M USD34.15M USD20.39M USD
Depreciation and amortization——−129.74M USD3.8M USD—
Operating income216.17M USD118.27M USD129.74M USD−27.99M USD132.58M USD
Net income135.6M USD115.6M USD76.89M USD−30.38M USD132.32M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 5 misses, 1 met estimate
Average EPS surprise
+0.23%
11 comparable reports
Latest EPS result
0.51
Estimate 0.52 · Miss by 1.73%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.60.560.510.47Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MetQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 0.56, estimate 0.53, surprise +5.66%, Beat. Q2 2025, reported May 7, 2025: actual 0.52, estimate 0.53, surprise -1.89%, Miss. Q3 2025, reported Aug 6, 2025: actual 0.53, estimate 0.52, surprise +1.92%, Beat. Q4 2025, reported Nov 5, 2025: actual 0.52, estimate 0.52, surprise 0.00%, Met estimate. Q1 2026, reported Feb 25, 2026: actual 0.52, estimate 0.51, surprise +1.96%, Beat. Q2 2026, reported May 6, 2026: actual 0.53, estimate 0.52, surprise +1.92%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.51, estimate 0.519, surprise -1.73%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.52, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates97.67M84.44M71.21M57.97MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 70.83M USD, estimate 64.43M USD, surprise +9.94%, Beat. Q2 2025, reported May 7, 2025: actual 62.67M USD, estimate 69.95M USD, surprise -10.41%, Miss. Q3 2025, reported Aug 6, 2025: actual 61.73M USD, estimate 68.84M USD, surprise -10.33%, Miss. Q4 2025, reported Nov 5, 2025: actual 66.23M USD, estimate 79.83M USD, surprise -17.04%, Miss. Q1 2026, reported Feb 25, 2026: actual 83.24M USD, estimate 80.28M USD, surprise +3.68%, Beat. Q2 2026, reported May 6, 2026: actual 90.13M USD, estimate 85.87M USD, surprise +4.96%, Beat. Q3 2026, reported Aug 5, 2026: actual 87.17M USD, estimate 91.44M USD, surprise -4.67%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 93.91M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$16.30

11.17% downside
Past 12 months12-month forecastHigh $17.50Average $16.30Low $13.00

TRIN peers

Berkshire Hathaway Inc. logo

BRK-B

Berkshire Hathaway Inc.

$495.82

-0.21%

Berkshire Hathaway Inc. logo

BRK-A

Berkshire Hathaway Inc.

$743,500

-0.15%

JPMorgan Chase & Co. logo

JPM

JPMorgan Chase & Co.

$351.58

+0.01%

Visa Inc. logo

V

Visa Inc.

$371.04

+1.45%

Mastercard Incorporated logo

MA

Mastercard Incorporated

$580.63

+1.18%

Bank of America Corporation logo

BAC

Bank of America Corporation

$61.69

-0.27%

ETFs holding TRIN

Funds reporting this stock among their holdings, ordered by reported position size.

VanEck BDC Income ETF logoVanEck BDC Income ETFBIZD
Market value
32.08M
Weight
1.90%
AUM
—
Expense ratio
—
Price / 1D
$13.29—
Putnam BDC Income ETF logoPutnam BDC Income ETFPBDC
Market value
15.04M
Weight
4.82%
AUM
—
Expense ratio
—
Price / 1D
$28.07—
Invesco KBW High Dividend Yield Financial ETF logoInvesco KBW High Dividend Yield Financial ETFKBWD
Market value
13.1M
Weight
3.18%
AUM
417.88M USD
Expense ratio
5.39%
Price / 1D
$12.60—
T. Rowe Price Small-Mid Cap ETF logoT. Rowe Price Small-Mid Cap ETFTMSL
Market value
5.53M
Weight
0.19%
AUM
3B USD
Expense ratio
0.55%
Price / 1D
$43.59—
Invesco Global Listed Private Equity ETF logoInvesco Global Listed Private Equity ETFPSP
Market value
603.29K
Weight
0.25%
AUM
248.12M USD
Expense ratio
1.80%
Price / 1D
$63.58—
Sound Enhanced Fixed Income ETF logoSound Enhanced Fixed Income ETFFXED
Market value
377.09K
Weight
0.96%
AUM
—
Expense ratio
—
Price / 1D
$17.28—
WHITEWOLF Publicly Listed Private Equity ETF logoWHITEWOLF Publicly Listed Private Equity ETFLBO
Market value
180K
Weight
2.31%
AUM
—
Expense ratio
—
Price / 1D
$27.215—
Simplify VettaFi Private Credit Strategy ETF logoSimplify VettaFi Private Credit Strategy ETFPCR
Market value
129.78K
Weight
5.27%
AUM
—
Expense ratio
—
Price / 1D
$19.705—

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