Trinity Capital

Trinity Capital, Inc. engages in operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan and refinance existing venture debt. Trinity Capital was founded in January 2008 by Steven L. Brown and is headquartered in Phoenix, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Trinity Capital reports strong Q4 results and explores growth opportunities

Trinity Capital's Q4 2022 performance showcased robust growth in assets and investment income, supported by a well-structured debt portfolio.
While facing challenges with increased leverage and anticipated early repayments, the company remains optimistic about future opportunities.
Exploring new structures, dividend increases, and strategic capital allocation highlight Trinity Capital's proactive approach to growth and income generation.

Trinity Capital reports strong Q1 earnings, navigates market challenges

Trinity Capital delivered a solid Q1 performance, marked by significant growth in investment income and a strategic dividend increase. While facing market challenges and operational complexities, the company remains focused on leveraging opportunities in the VC ecosystem and strengthening its financial position.

Trinity Capital reports robust Q2 growth and eyes venture opportunities

Trinity Capital's Q2 2023 earnings call highlighted strong financial performance, dividend growth, and a focus on strategic execution. With a solid debt portfolio, ample liquidity, and a commitment to maintaining credit quality, the company is well-positioned for future growth. Opportunities in venture capital investments and life sciences sector expansion signal a promising outlook for Trinity Capital.

Trinity Capital reports robust Q3 earnings, appoints new leadership

Trinity Capital's Q3 earnings call showcased strong financial performance, dividend growth, and leadership transition. The company's robust operational performance and stable portfolio position it well for future growth. Challenges in market dynamics and capital management require strategic focus, while opportunities in the macro environment offer avenues for expansion.

Trinity Capital reports record fundings and strong portfolio management

Trinity Capital delivered a strong performance in Q4 2023, with record fundings, increased AUM, and net investment income, supported by proactive portfolio management strategies.
Despite challenges like nonaccrual portfolio companies, Trinity's strengths in liquidity, capital management, and portfolio diversification offer resilience and growth potential.
Opportunities lie in the company's robust investment pipeline, tech lending expansion, and efficient capital deployment plans, positioning Trinity for continued success in a dynamic market.

Trinity Capital excels in Q1 with strong performance and growth strategies

Trinity Capital's Q1 2024 earnings call highlighted strong financial performance, stable credit quality, and strategic growth initiatives. The company's focus on credit underwriting, unique culture, and diversified business verticals position it for continued success. Challenges lie in managing leverage effectively and mitigating risks in debt funding amidst a competitive landscape.

Trinity Capital excels in Q2 2024, eyes growth opportunities

Trinity Capital's Q2 2024 performance reflects robust financial achievements, strategic expansion, and a commitment to maintaining credit quality and shareholder value.
The company's strengths lie in its diversified business lines, strong risk management practices, and proactive approach to driving growth through strategic partnerships.
While facing challenges in managing growth and regulatory considerations, Trinity has opportunities to capitalize on its strengths, explore new markets, and enhance shareholder returns.

Trinity Capital reports record Q3 earnings, eyes European expansion

Trinity Capital delivered strong financial performance in Q3 2024, with record net investment income and dividend consistency showcasing stability and growth.
The company's strategic initiatives, unique structure, and focus on credit quality position Trinity for sustainable expansion and shareholder value creation.
While facing challenges related to rapid growth and operational transparency, Trinity has opportunities to diversify, strengthen market position, and enhance investor relations.
Overall, Trinity's performance, strengths, and opportunities outweigh the challenges, indicating a positive outlook for continued growth and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Trinity Capital, Inc. engages in the operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan, and refinance existing venture debt. The company was founded by Steven L. Brown in January 2008 and is headquartered in Phoenix, AZ.

Trinity Capital (TRIN) delivered earnings and revenue surprises of -2.56% and 6.84%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Trinity Capital (TRIN) Q4 Earnings Lag Estimates

PHOENIX, March 3, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced its financial results for the fourth quarter and year ended December 31, 2021. Fourth Quarter 2021 Highlights Total investment income of $23.6 million, an increase of 53.9% year-over-year Net investment income ("NII") of $10.6 million, or $0.39 per share, an increase of 100.1% year-over-year Made aggregate debt and equity investment commitments of $247.9 million Total gross investments funded of $197.5 million, comprised of $121.0 million across 11 new portfolio companies and $76.5 million across 14 existing portfolio companies Debt principal repayments of $41.7 million Investment portfolio of $873.5 million at fair value, an increase of 29.0% from Q3 2021   Net asset value ("NAV") per share increased to $16.40 from $14.70 on September 30, 2021 Declared a dividend distribution of $0.36 per share for the fourth quarter, an increase of 9.1% from Q3 2021 "Trinity Capital had a banner year in 2021," said Steven Brown, Chairman and Chief Executive Officer of Trinity Capital.

Trinity Capital Inc. Reports Fourth Quarter and Full Year 2021 Financial Results

Trinity Capital (TRIN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Trinity Capital (TRIN) Ahead of Earnings?

If you are looking for stocks that are well positioned to maintain their recent uptrend, Trinity Capital (TRIN) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Trinity Capital (TRIN) Is a Great Choice for "Trend" Investors, Here's Why

Trinity Capital (TRIN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Trinity Capital (TRIN) Could Beat Earnings Estimates Again

Cepton

PHOENIX, Feb. 28, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth-stage companies backed by technology banks, venture capital, and private equity firms, is pleased to support Cepton's growth with a $25 million facility. The transaction was completed prior to Cepton Technologies' closing of the merger with Growth Capital Acquisition Corp, now renamed to Cepton Inc. (Nasdaq: CPTN) ("Cepton").

Trinity Capital Inc. Provides $25 Million Growth Capital to Cepton Technologies, Inc.

PHOENIX, Feb. 3, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), an internally managed business development company, today announced that it will release its fourth quarter and full year 2021 financial results after market close on Thursday, March 3, 2022. The Company will discuss its financial results on a conference call that day at 2:00 p.m.

Trinity Capital Inc. Schedules Release of Fourth Quarter and Full Year 2021 Financial Results and Conference Call

PHOENIX, Feb. 2, 2022 /PRNewswire/ – Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth-stage companies backed by technology banks, venture capital, and private equity firms, today announced that it will receive approximately $59.8 million in aggregate net proceeds from the sale of its equity investments in Lucid Group, Inc. (Nasdaq: LCID) ("Lucid") and Matterport Inc. (Nasdaq: MTTR) ("Matterport"). In January 2022, Trinity disposed of 1,867,973 shares of common stock in Lucid and 571,941 shares of common stock in Matterport, which represented a combined investment at a cost of approximately $9.0 million.

Trinity Capital Inc. to Receive $59.8 Million in Net Proceeds from the Sale of Certain Equity Investments

PHOENIX, Jan. 10, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth-stage companies backed by technology banks, venture capital and private equity firms, today announced certain highlights for the quarter and year ended December 31, 2021. Trinity finished 2021 with $248 million in new commitments in the fourth quarter, bringing total commitments for the year ended December 31, 2021 to a record $757 million.

Trinity Capital Inc. Sets a Record with $757 Million in New Commitments for 2021

PHOENIX, Dec. 20, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced that on December 16, 2021, its Board of Directors declared a distribution of $0.36 per share with respect to the quarter ending December 31, 2021. This dividend represents an increase of 9.0% over the dividend declared in the prior quarter.

Trinity Capital Inc. Declares Cash Dividend of $0.36 per Share for the Fourth Quarter of 2021

Avnet

PHOENIX, Dec. 15, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced two appointments to its Board of Directors (the "Board") effective December 7, 2021. Experienced executives Richard Hamada and Irma Lockridge will join the Board, filling vacancies created by the retirement of Richard Ward and Edmund Zito, also effective December 7, 2021.

Trinity Capital Inc. Announces Two New Appointments to Board of Directors

PHOENIX, Dec. 15, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), an internally managed business development company, today announced that it closed its public offering of $75 million in aggregate principal amount of 4.25% Notes due 2026. The notes will mature on December 15, 2026 and may be redeemed in whole or in part at Trinity's option at any time at par plus a "make-whole" premium, if applicable.

Trinity Capital Inc. Announces Closing of Public Offering of $75 Million of its 4.25% Notes Due 2026

Trinity Capital Inc. (TRIN) CEO Steve Brown on Q3 2021 Results - Earnings Call Transcript

PHOENIX, Nov. 4, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced its financial results for the quarter ended September 30, 2021. Third Quarter 2021 Highlights Total investment income of $21.8 million, an increase of 61.1% year-over-year Net investment income ("NII") of $11.1 million, or $0.42 per share, an increase of 98.0% year-over-year Aggregate debt and equity investment commitments of $258.2 million Total gross investments funded of $151.2 million, comprised of $77.0 million across nine new portfolio companies and $74.2 million across 16 existing portfolio companies Debt principal repayments of $92.4 million Investment portfolio of $677.2 million at fair value, an increase of 13.3% from Q2 2021   Net asset value ("NAV") per share increased to $14.70 from $14.33 on June 30, 2021 Declared a dividend distribution of $0.33 per share for the third quarter, an increase of 13.8% from Q2 2021 Year-to-Date 2021 Highlights Total investment income of $58.6 million, an increase of 47.9% year-over-year Net investment income of $28.5 million, or $1.11 per share, an increase of 57.3% year-over-year Total gross investments funded of $360.7 million, an increase of 162.3% year-over-year Steven Brown, Chairman and Chief Executive Officer of Trinity Capital, commented, "We are continuing to execute against our plan, and driving excellent portfolio growth while enhancing our overall financial profile.

Trinity Capital Inc. Reports Third Quarter 2021 Financial Results

PHOENIX, Nov. 3, 2021 /PRNewswire/ – Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "Trinity" or "Company"), a leading specialty lender providing debt and equipment financing to growth-stage companies, today announced the appointment of Phil Gager as Managing Director, Origination in Boston, Massachusetts. Gager, who has been a part of the venture ecosystem for over 20 years, joins the Trinity team to grow the company's origination efforts in the East Coast region.

Trinity Capital Inc. Further Expands Origination Team with Industry Veteran Phil Gager as Managing Director in the East Coast Region

PHOENIX, Nov. 1, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced that it has entered into a new $300 million credit facility led by KeyBank N.A. ("Key Bank").

Trinity Capital Inc. Enters into New $300 Million Credit Facility with KeyBank

PHOENIX, Oct. 14, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), an internally managed business development company, today announced that it will release its third quarter 2021 financial results after market close on Thursday, November 4, 2021. The Company will discuss its financial results on a conference call that day at 2:00 p.m.

Trinity Capital Inc. Schedules Release of Third Quarter 2021 Financial Results and Conference Call

TRIN is a relatively newly formed BDC that launched publicly earlier this year.

Trinity Capital: ~8% Yielding Dividend From This BDC Should Continue To Grow

PHOENIX, Sept. 28, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "Trinity" or "Company"), a leading specialty lender providing debt and equipment financing to growth-stage companies, continues to make strides in the venture ecosystem.

Trinity Capital Inc. Expands Team with Ryan Thompson as Managing Director to Drive Growth in the Central and Mountain Region

PHOENIX, Sept. 14, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced that on September 13, 2021, its Board of Directors declared a distribution of $0.33 per share with respect to the quarter ending September 30, 2021.

Trinity Capital Inc. Declares Cash Dividend of $0.33 per Share for the Third Quarter of 2021

Horizon Technology Finance

FARMINGTON, Conn., Sept. 13, 2021 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, along with lending partner Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of debt and equipment financing to growth stage companies, announced today that they provided a $40 million venture loan to Nexii Building Solutions Inc. ("Nexii"), a green construction technology company focused on creating environmentally-friendly, durable, cost-efficient and disaster-resilient buildings.

Horizon Technology Finance and Trinity Capital Provide $40 Million Venture Loan to Nexii

PHOENIX, Aug. 24, 2021 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), an internally managed business development company, today announced that it closed its public offering of $125 million in aggregate principal amount of 4.375% Notes due 2026. The notes will mature on August 24, 2026 and may be redeemed in whole or in part at Trinity's option at any time at par plus a "make-whole" premium, if applicable.

Trinity Capital Inc. Announces Closing of Public Offering of $125 million of its 4.375% Notes due 2026

Trinity Capital Inc. (TRIN) CEO Steve Brown on Q2 2021 Results - Earnings Call Transcript

PHOENIX, Aug. 5, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced its financial results for the quarter ended June 30, 2021. Second Quarter 2021 Highlights Total investment income of $19.5 million, an increase of 40.7% year-over-year Net investment income ("NII") of $10.1 million, or $0.38 per share, an increase of 49.1% year-over-year Aggregate debt and equity investment commitments of $126.5 million Total gross investments funded of $122.4 million, comprised of $77.1 million across seven new portfolio companies and $45.3 million across 10 existing portfolio companies Unscheduled early principal repayments of $51.1 million Investment portfolio of $597.7 million at fair value, an increase of 11.6% from Q1 2021 Net asset value ("NAV") per share increased to $14.33 from $13.69 on March 31, 2021 Declared a dividend distribution of $0.29 per share for the second quarter Year-to-Date 2021 Highlights Total investment income of $36.8 million, an increase of 41.0% year-over-year Net investment income of $17.3 million, or $0.69 per share, an increase of 39.0% year-over-year Total gross investments funded of $209.5 million, an increase of 105.0% year-over-year Steven Brown, Chairman and Chief Executive Officer of Trinity Capital, commented, "Trinity Capital achieved strong Q2 2021 financial results and continued to execute on its strategy to expand its venture lending and equipment financing platform.

Trinity Capital Inc. Reports Second Quarter 2021 Financial Results

PHOENIX, July 15, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), an internally managed business development company, today announced that it will release its second quarter 2021 financial results after market close on Thursday, August 5, 2021. The Company will discuss its financial results on a conference call that day at 2:00 p.m.

News for Trinity Capital Stock (TRIN)