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Trinity Capital Inc. 7.875% Notes Due 2029(TRINI)Earnings, Financials & Key Ratios
TRINI•NASDAQ
$25.19
12.9× P/E·Price updated Jul 7, 2026
AboutTrinity Capital Inc. is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc. was founded in 2019 is based in Phoenix, Arizona with additional offices in Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.Show more
- EBITDA$216M+21.8%
- Net Income$136M+17.3%
- EPS (Diluted)1.96-6.7%
- Gross Margin100%+23.8%
- EBITDA Margin93.07%+18.9%
- Operating Margin93.07%+24.8%
- Net Margin58.39%+14.5%
- ROE14.15%-12.2%
TRINI Price & Volume
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) stock price & volume — 10-year historical chart
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Volatile Cash Flows Mask Structural Margin Efficiency
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Portfolio credit migration sensitivity
Key Thesis Takeaways
- Trinity Capital demonstrates a robust 93.07% average operating margin, yet its reliance on venture-backed portfolio exits creates significant earnings and cash flow instability.
- While the company has aggressively scaled assets to $2.6B as of 2026Q1, the persistent negative retained earnings of -$6.4M and inconsistent OCF/NI ratios suggest potential long-term credit risks.
- Investors should monitor the company's ability to maintain liquidity and dividend coverage given the historical volatility in free cash flow margins, which swung from -164.9% to 91.9% over the observed period.
Verdict Logic
while the 7.875% coupon offers yield, the company's reliance on balance sheet liquidity to fund dividends during periods of negative operating cash flow, such as the $63.3M burn in 2025Q1, warrants caution regarding long-term credit stability.
TRINI Growth Metrics
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years35.28%
3 Years18.71%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM20.18%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM0.46%
Return on Capital
10 Years-24.65%
5 Years9.93%
3 Years10.71%
Last Year10.15%
TRINI Recent Earnings
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/5 qtrs (100%)●Beat Revenue 1/5 qtrs (25%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.53+1.9%
$0.52
Rev
$83M-3.0%
$86M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.52+0.8%
$0.52
Rev
$83M+3.7%
$80M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.53
—
Rev
$73M
—
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.63+21.0%
$0.52
Rev
$67M-3.5%
$69M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.53vs $0.52+1.9% | $83Mvs $86M-3.0% |
| Q1 2026 | Feb 25, 2026 | $0.52vs $0.52+0.8% | $83Mvs $80M+3.7% |
| Q4 2025 | Nov 5, 2025 | $0.53 | $73M |
| Q3 2025 | Aug 6, 2025 | $0.63vs $0.52+21.0% | $67Mvs $69M-3.5% |
Based on last 5 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.19 | $1.12B | 12.85 | 2.44% | 58.39% | 14.15% | — | |
| $17.48 | $1.21B | 8.92 | -2.19% | 55.8% | 14.73% | — | |
| $12.75 | $3.32B | 8.98 | 42.5% | 26.91% | 5.24% | — | |
| $18.47 | $13.26B | 9.93 | 32.87% | 43.69% | 8.11% | — | |
| $4.90 | $991.12M | 6.45 | -18.64% | — | — | — | |
| $12.60 | $687.39M | 7.41 | 24.76% | 39.78% | 7.31% | — |
Compare TRINI vs Peers
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRINI SEC Filings & Documents
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TRINI Frequently Asked Questions
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Trinity Capital Inc. 7.875% Notes Due 2029's revenue?
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) reported $251.9M in revenue for fiscal year 2025.
How fast is Trinity Capital Inc. 7.875% Notes Due 2029 growing?
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) grew revenue by 2.4% over the past year. Growth has been modest.
Is TRINI profitable?
Yes, Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) is profitable, generating $154.0M in net income for fiscal year 2025 (58.4% net margin).
Dividend & Returns
What is TRINI's return on equity?
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) has a return on equity (ROE) of 14.1%. This is reasonable for most industries.
What is Trinity Capital Inc. 7.875% Notes Due 2029's free cash flow?
Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) had negative free cash flow of $95.8M in fiscal year 2025, likely due to heavy capital investments.