marketcaparena

TRIN

Trinity Capital Inc.

Company overview

Market capitalization
$1.66B
Employees
109
Latest publication
2026-09-29
About Trinity Capital Inc.

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.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USD
Total Revenue50,407,000USD66,229,000USD76,093,000USD60,089,000USD63,054,000USD56,806,000USD58,726,000USD39,804,000USD
Cost Of Revenue-5,279,000USD20,981,000USD18,044,000USD17,656,000USD—16,868,000USD13,885,000USD12,144,000USD
Gross Profit50,407,000USD45,248,000USD58,049,000USD42,433,000USD63,054,000USD39,938,000USD44,841,000USD27,660,000USD
Selling General Administrative4,890,000USD4,526,000USD4,033,000USD4,493,000USD4,581,000USD3,517,000USD3,430,000USD2,649,000USD
Unclassified Operating Expenses-17,827,000USD12,433,000USD11,981,000USD10,237,000USD11,834,000USD11,402,000USD——
Total Operating Expenses-12,937,000USD16,959,000USD16,014,000USD14,730,000USD16,415,000USD14,919,000USD13,374,000USD12,513,000USD
Operating Income63,344,000USD28,289,000USD42,035,000USD27,703,000USD46,639,000USD25,019,000USD31,467,000USD15,147,000USD
Interest Income77,554,000USD72,575,000USD66,713,000USD62,673,000USD66,310,000USD59,191,000USD51,837,000USD49,392,000USD
Interest Expense23,884,000USD20,981,000USD18,044,000USD17,656,000USD19,052,000USD16,868,000USD13,885,000USD12,144,000USD
Net Interest Income53,670,000USD51,594,000USD48,669,000USD45,017,000USD47,258,000USD42,323,000USD37,952,000USD37,248,000USD
Income Before Tax39,460,000USD28,289,000USD42,035,000USD27,703,000USD46,639,000USD25,019,000USD31,467,000USD15,147,000USD
Tax Provision714,000USD644,000USD621,000USD616,000USD781,000USD619,000USD639,000USD639,000USD
Net Income39,458,000USD27,645,000USD41,414,000USD27,087,000USD45,858,000USD24,400,000USD30,828,000USD14,508,000USD
Net Income From Continuing Ops39,460,000USD27,645,000USD41,414,000USD27,087,000USD45,858,000USD24,400,000USD30,828,000USD14,508,000USD
Ebitda63,344,000USD28,289,000USD43,143,000USD28,979,000USD64,910,000USD26,465,000USD32,703,000USD16,222,000USD
Total Other Income Expense Net-23,884,000USD-17,051,000USD-18,044,000USD-14,536,000USD178,021,000USD-19,127,000USD-7,635,000USD-21,732,000USD
Income Tax Expense—644,000USD621,000USD616,000USD781,000USD619,000USD639,000USD639,000USD
Ebit——42,035,000USD27,703,000USD—25,019,000USD31,467,000USD15,147,000USD
Depreciation And Amortization——1,108,000USD1,276,000USD—1,446,000USD1,236,000USD1,075,000USD
Selling And Marketing Expenses——————10,244,000USD10,164,000USD
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20192019-12-31 · USD
Total Revenue237,442,000USD174,840,000USD—
Cost Of Revenue61,948,000USD33,093,000USD—
Gross Profit175,494,000USD141,747,000USD—
Selling General Administrative14,176,000USD12,005,000USD1,257,600USD
Unclassified Operating Expenses43,044,000USD——
Total Operating Expenses57,220,000USD12,005,000USD1,257,600USD
Operating Income118,274,000USD129,742,000USD-1,257,600USD
Interest Income226,729,000USD170,860,000USD—
Interest Expense61,948,000USD44,296,000USD0USD
Net Interest Income164,781,000USD126,726,000USD—
Income Before Tax118,274,000USD79,453,000USD-524,000USD
Income Tax Expense2,678,000USD2,560,000USD-524,000USD
Tax Provision2,678,000USD2,278,000USD—
Net Income115,596,000USD76,893,000USD-524,000USD
Net Income From Continuing Ops115,596,000USD57,600,000USD—
Ebit287,310,000USD129,742,000USD-1,257,600USD
Ebitda118,274,000USD129,742,000USD-733,600USD
Depreciation And Amortization-169,036,000USD-129,741,999USD524,000USD
Total Other Income Expense Net-50,513,000USD-50,289,000USD733,600USD
Research Development—1USD—
Net Income Applicable To Common Shares——-1,257,600USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets2,805,372,000USD2,555,832,000USD2,484,519,000USD2,246,935,000USD2,045,024,000USD1,857,276,000USD1,774,241,000USD1,734,763,000USD
Cash And Equivalents22,177,000USD———————
Total Liabilities1,538,523,000USD———————
Total Stockholder Equity1,266,849,000USD1,166,255,000USD1,093,999,000USD998,264,000USD923,568,000USD833,395,000USD822,982,000USD756,795,000USD
Total Equity Including Noncontrolling Interest1,266,849,000USD———————
Common Stock94,000USD88,000USD82,000USD75,000USD70,000USD64,000USD62,000USD58,000USD
Retained Earnings-21,016,000USD-19,274,000USD-6,426,000USD-16,868,000USD-6,269,000USD-12,200,000USD-6,706,000USD-33,539,000USD
Total Liab—1,389,577,000USD1,390,520,000USD1,248,671,000USD1,121,456,000USD1,023,881,000USD951,259,000USD977,968,000USD
Capital Stock—88,000USD82,000USD75,000USD70,000USD64,000USD62,000USD58,000USD
Other Assets—2,518,127,000USD2,446,378,000USD2,218,004,000USD2,001,109,000USD1,832,264,000USD1,774,241,000USD22,419,000USD
Cash—19,631,000USD19,110,000USD9,467,000USD26,251,000USD8,386,000USD9,627,000USD8,535,000USD
Cash And Short Term Investments—19,631,000USD19,110,000USD9,467,000USD26,251,000USD8,386,000USD9,627,000USD8,535,000USD
Total Current Assets—37,705,000USD39,241,000USD28,931,000USD43,915,000USD25,012,000USD26,169,000USD25,482,000USD
Total Current Liabilities—1,402,000USD1,722,000USD354,000USD35,483,000USD32,579,000USD31,451,000USD29,397,000USD
Net Debt—1,338,395,000USD1,292,506,000USD1,177,340,000USD1,026,557,000USD950,568,000USD868,046,000USD904,051,000USD
Short Term Debt—1,402,000USD1,722,000USD354,000USD718,000USD——49,236,000USD
Short Long Term Debt Total—1,358,026,000USD1,311,616,000USD1,186,807,000USD1,052,808,000USD958,954,000USD877,673,000USD912,586,000USD
Long Term Investments—2,483,554,000USD2,418,075,000USD2,192,361,000USD1,978,330,000USD1,792,689,000USD1,725,570,000USD1,686,862,000USD
Net Receivables—18,074,000USD19,031,000USD19,464,000USD17,664,000USD16,626,000USD16,542,000USD16,947,000USD
Accounts Payable—0USD41,574,000USD38,244,000USD35,483,000USD32,579,000USD31,451,000USD29,397,000USD
Common Stock Shares Outstanding—83,643,311shares77,026,130shares71,467,831shares65,911,570shares62,556,000shares63,431,004shares58,373,696shares
Non Current Assets Total—2,518,027,000USD2,445,278,000USD2,217,004,000USD2,001,109,000USD1,832,264,000USD1,748,072,000USD1,709,281,000USD
Non Current Liabilities Total—1,389,577,000USD1,390,520,000USD1,248,317,000USD1,085,973,000USD991,302,000USD919,808,000USD948,571,000USD
Non Currrent Assets Other—33,171,000USD27,149,000USD24,462,000USD2,001,109,000USD1,832,264,000USD1,748,072,000USD1,709,281,000USD
Unclassified Non Current Assets—-2,516,825,000USD-2,446,324,000USD-2,217,823,000USD-3,979,439,000USD-3,624,953,000USD-3,499,811,000USD-1,714,881,000USD
Unclassified Non Current Liabilities—1,389,577,000USD1,390,520,000USD1,248,317,000USD1,085,973,000USD991,302,000USD919,808,000USD948,571,000USD
Unclassified Equity—1,185,353,000USD1,100,261,000USD1,014,982,000USD929,697,000USD845,467,000USD829,564,000USD790,218,000USD
Other Current Assets——1,100,000USD———-16,542,000USD-26,682,000USD
Unclassified Current Liabilities——-41,574,000USD-38,244,000USD-36,201,000USD——-49,236,000USD
Other Current Liab———-38,244,000USD35,483,000USD—-31,451,000USD-55,989,000USD
Inventory———————26,682,000USD
Property Plant Equipment Net———————5,600,000USD
Unclassified Current Assets———————-26,682,000USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
Total Assets2,484,519,000USD1,774,241,000USD1,310,982,000USD1,126,439,000USD937,118,000USD559,708,000USD6,202,000USD
Other Current Assets1,100,000USD—-18,367,000USD12,412,000USD693,000USD-64,569,000USD—
Total Liab1,390,520,000USD951,259,000USD699,823,000USD666,790,000USD490,585,000USD320,960,000USD6,726,000USD
Total Stockholder Equity1,093,999,000USD822,982,000USD611,159,000USD459,649,000USD446,533,000USD238,748,000USD-524,000USD
Common Stock82,000USD62,000USD46,000USD35,000USD27,000USD18,000USD—
Capital Stock82,000USD62,000USD46,000USD35,000USD27,000USD18,000USD0USD
Retained Earnings-6,426,000USD-6,706,000USD-22,627,000USD-20,918,000USD77,897,000USD-24,636,000USD-524,000USD
Other Assets2,446,378,000USD22,502,000USD3,241,000USD11,470,000USD26,412,000USD17,933,000USD6,202,000USD
Cash19,110,000USD9,627,000USD4,761,000USD10,612,000USD31,685,000USD44,656,000USD0USD
Cash And Short Term Investments19,110,000USD9,627,000USD4,761,000USD10,612,000USD31,685,000USD44,656,000USD—
Total Current Assets39,241,000USD26,169,000USD15,967,000USD20,583,000USD37,929,000USD48,124,000USD—
Total Current Liabilities1,722,000USD31,451,000USD43,406,000USD21,326,000USD9,803,000USD12,256,000USD5,668,000USD
Net Debt1,292,506,000USD868,046,000USD642,127,000USD599,981,000USD423,663,000USD255,092,000USD—
Short Term Debt1,722,000USD1,314,000USD884,000USD48,118,000USD47,485,000USD166,855,000USD—
Short Long Term Debt Total1,311,616,000USD877,673,000USD646,888,000USD610,593,000USD455,348,000USD299,748,000USD—
Long Term Investments2,418,075,000USD1,725,570,000USD1,275,180,000USD1,094,386,000USD873,470,000USD493,651,000USD0USD
Net Receivables19,031,000USD16,542,000USD11,206,000USD9,971,000USD5,551,000USD3,468,000USD—
Accounts Payable41,574,000USD31,451,000USD19,360,000USD21,326,000USD9,803,000USD12,256,000USD5,668,000USD
Common Stock Shares Outstanding69,286,014shares56,728,848shares42,705,875shares31,672,089shares27,229,541shares26,415,275shares25,308,984shares
Non Current Assets Total2,445,278,000USD1,748,072,000USD1,291,774,000USD1,105,856,000USD899,189,000USD493,651,000USD6,202,000USD
Non Current Liabilities Total1,390,520,000USD919,808,000USD658,291,000USD645,464,000USD480,782,000USD299,748,000USD6,726,000USD
Non Currrent Assets Other27,149,000USD1,748,072,000USD11,294,000USD1,105,856,000USD899,189,000USD-300,000USD6,202,000USD
Unclassified Non Current Assets-2,446,324,000USD-1,753,472,000USD—-1,107,956,000USD-902,382,000USD-18,233,000USD-6,202,000USD
Unclassified Current Liabilities-41,574,000USD-1,314,000USD—-48,118,000USD-47,485,000USD-166,855,000USD—
Unclassified Non Current Liabilities1,390,520,000USD919,808,000USD658,291,000USD183,042,000USD467,634,000USD294,232,000USD—
Unclassified Equity1,100,261,000USD829,564,000USD633,694,000USD480,497,000USD368,582,000USD263,348,000USD—
Other Current Liab—-1,314,000USD23,162,000USD-41,097,000USD-24,397,000USD-12,256,000USD-5,668,000USD
Property Plant Equipment Net—5,400,000USD5,300,000USD2,100,000USD2,500,000USD300,000USD—
Accumulated Other Comprehensive Income——0USD0USD0USD0USD—
Deferred Long Term Liab———2,903,000USD2,308,000USD—6,202,000USD
Other Liab———15,100,000USD10,840,000USD5,516,000USD1,058,000USD
Long Term Debt———423,093,000USD———
Short Term Investments———37,313,000USD32,214,000USD——
Inventory———20,583,000USD52,293,000USD64,569,000USD—
Non Current Liabilities Other———21,326,000USD———
Net Tangible Assets———459,649,000USD446,533,000USD238,748,000USD-524,000USD
Unclassified Current Assets———-70,308,000USD-84,507,000USD-64,569,000USD—
Current Deferred Revenue————-23,088,000USD-154,599,000USD—
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Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USD
Net Income29,832,000USD27,645,000USD41,412,000USD27,087,000USD45,858,000USD24,400,000USD30,828,000USD14,508,000USD
Depreciation4,726,000USD-10,704,000USD1,108,000USD1,638,000USD—1,446,000USD1,236,000USD1,075,000USD
Stock Based Compensation3,249,000USD3,073,000USD3,194,000USD2,365,000USD—2,835,000USD2,884,000USD2,459,000USD
Other Non Cash Items3,684,000USD638,000USD-181,022,000USD-63,234,000USD-34,705,000USD-258,373,000USD-56,183,000USD-95,292,000USD
Change To Account Receivables957,000USD-1,800,000USD-1,038,000USD-84,000USD405,000USD-2,971,000USD-664,000USD-2,106,000USD
Change In Working Capital-17,964,000USD-1,081,000USD16,078,000USD-27,194,000USD7,253,000USD-2,331,000USD-656,000USD-4,151,000USD
Total Cash From Operating Activities15,552,000USD27,202,000USD-123,532,000USD-63,341,000USD18,406,000USD-232,023,000USD-21,891,000USD-81,401,000USD
Capital Expenditures-415,000USD-71,000USD-180,000USD-106,000USD-136,000USD-125,000USD-126,000USD-33,000USD
Free Cash Flow15,137,000USD27,131,000USD-123,712,000USD-63,447,000USD18,270,000USD-232,148,000USD-22,017,000USD-81,434,000USD
Total Cashflows From Investing Activities-61,732,000USD-210,896,000USD-180,000USD-106,000USD—-125,000USD-126,000USD-33,000USD
Net Borrowings53,583,000USD120,170,000USD93,108,000USD64,587,000USD-37,194,000USD142,106,000USD——
Total Cash From Financing Activities46,701,000USD166,910,000USD141,577,000USD62,206,000USD-17,178,000USD194,581,000USD56,152,000USD88,640,000USD
Dividends Paid-83,522,000USD-35,152,000USD-32,276,000USD-31,154,000USD-29,110,000USD-26,110,000USD-24,491,000USD-22,821,000USD
Sale Purchase Of Stock-1,643,000USD1,695,000USD-768,000USD-1,695,000USD-547,000USD-799,000USD-798,000USD-1,582,000USD
Issuance Of Capital Stock78,283,000USD82,951,000USD81,513,000USD30,468,000USD49,673,000USD79,384,000USD46,934,000USD24,240,000USD
Change In Cash521,000USD-16,784,000USD17,865,000USD-1,241,000USD1,092,000USD-37,567,000USD34,135,000USD7,206,000USD
Begin Period Cash Flow19,110,000USD26,251,000USD8,386,000USD9,627,000USD8,535,000USD46,102,000USD11,967,000USD4,761,000USD
End Period Cash Flow19,631,000USD9,467,000USD26,251,000USD8,386,000USD9,627,000USD8,535,000USD46,102,000USD11,967,000USD
Other Cashflows From Investing Activities60,902,000USD376,926,000USD166,172,000USD61,265,000USD—348,675,000USD-126,000USD92,126,000USD
Other Cashflows From Financing Activities-1,603,000USD-1,059,000USD-768,000USD49,673,000USD—79,384,000USD46,934,000USD24,240,000USD
Unclassified Operating Cash Flow-7,975,000USD7,631,000USD-4,302,000USD-4,003,000USD————
Unclassified Investing Cash Flow-122,219,000USD-587,680,000USD-165,992,000USD-61,159,000USD—-348,550,000USD—-92,093,000USD
Unclassified Financing Cash Flow79,886,000USD81,256,000USD82,281,000USD-19,205,000USD49,673,000USD—34,507,000USD88,803,000USD
Investments—-71,000USD-180,000USD-106,000USD-136,000USD-125,000USD-126,000USD-33,000USD
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
Net Income146,672,000USD115,596,000USD76,893,000USD-30,375,000USD132,320,000USD-6,112,000USD-524,000USD
Depreciation-55,855,000USD-9,481,000USD15,063,000USD134,814,000USD-80,297,000USD50,000USD50,000USD
Stock Based Compensation12,049,000USD10,543,000USD8,799,000USD6,062,000USD1,066,000USD——
Other Non Cash Items-642,769,000USD-424,971,000USD-167,693,000USD-351,934,000USD-374,724,000USD-58,206,000USD921,600USD
Change To Account Receivables-2,489,000USD-5,336,000USD-1,256,000USD-4,420,000USD-2,083,000USD-2,355,000USD-2,355,000USD
Change In Working Capital4,404,000USD1,947,000USD-5,460,000USD5,691,000USD731,000USD6,042,000USD524,000USD
Total Cash From Operating Activities-535,499,000USD-316,909,000USD-96,260,000USD-235,742,000USD-241,673,000USD-58,226,000USD-384,000USD
Capital Expenditures-785,000USD-420,000USD-2,744,000USD-194,000USD-1,204,000USD-253,000USD-253,000USD
Free Cash Flow-535,499,000USD-317,329,000USD-99,004,000USD-235,936,000USD-242,877,000USD-58,479,000USD-384,000USD
Total Cashflows From Investing Activities-785,000USD-420,000USD-2,744,000USD-194,000USD-1,204,000USD-91,979,000USD-91,979,000USD
Net Borrowings396,508,000USD228,222,000USD25,500,000USD154,000,000USD156,000,000USD118,688,000USD118,688,000USD
Total Cash From Financing Activities545,767,000USD322,195,000USD93,153,000USD199,806,000USD228,518,000USD211,306,000USD211,306,000USD
Dividends Paid-136,366,000USD-102,532,000USD-78,802,000USD-61,155,000USD-24,925,000USD-10,350,000USD-10,350,000USD
Sale Purchase Of Stock-4,360,000USD-3,726,000USD-3,824,000USD-3,034,000USD-138,000USD0USD—
Issuance Of Capital Stock289,985,000USD200,231,000USD109,576,000USD117,442,000USD112,667,000USD125,000,000USD—
Change In Cash9,483,000USD4,866,000USD-5,851,000USD-36,130,000USD-14,359,000USD61,101,000USD-384,000USD
Begin Period Cash Flow9,627,000USD4,761,000USD10,612,000USD46,742,000USD61,101,000USD79,485,000USD—
End Period Cash Flow19,110,000USD9,627,000USD4,761,000USD10,612,000USD46,742,000USD61,101,000USD-384,000USD
Other Cashflows From Investing Activities650,306,000USD410,645,000USD—288,843,000USD-10,589,000USD——
Other Cashflows From Financing Activities-4,360,000USD-3,726,000USD-2,821,000USD376,053,000USD361,914,000USD181,656,000USD-22,032,000USD
Unclassified Investing Cash Flow-650,306,000USD-410,225,000USD2,307,000USD-288,649,000USD11,793,000USD—-91,726,000USD
Unclassified Financing Cash Flow294,345,000USD203,957,000USD153,100,000USD-266,058,000USD-264,333,000USD-78,688,000USD125,000,000USD
Investments—-420,000USD-2,307,000USD-194,000USD-1,204,000USD-91,979,000USD—
Unclassified Operating Cash Flow—-10,543,000USD-23,862,000USD—79,231,000USD—-1,355,600USD
Change To Inventory———2,606,000USD2,083,000USD2,355,000USD—
Change To Liabilities———5,177,000USD6,203,000USD6,003,000USD921,600USD
Cash And Cash Equivalents Changes———6,063,000USD———
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

No revenue breakdown is currently published for this company.

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.