Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -45.77M | 46.76M | 27.2M | -123.53M | -63.34M | 31.98M | 24.78M | -21.89M | -81.4M | -136.37M | 21.81M | 14.15M | 8.03M | -50.73M | 10.7M | -143.35M | -52.37M | -137.37M | -49.4M |
| Operating CF Margin % | -54.93% | 92.75% | 48.16% | -200.12% | -99.53% | 42.6% | 51.61% | -42.23% | -164.81% | -304.76% | 48.43% | 31.78% | 19.81% | -124.45% | 28.81% | -440.92% | -184.35% | -638.68% | -239.13% |
| Operating CF Growth % | 27.75% | 46.19% | 9.79% | -464.3% | 22.19% | 123.45% | 13.6% | -254.67% | -1113.58% | -168.79% | 103.76% | 109.87% | 115.34% | 63.07% | 121.67% | - | - | - | - |
| Net Income | 0 | 39.46M | 27.64M | 0 | 27.09M | 45.86M | 24.4M | 30.83M | 14.51M | 17.7M | 16.82M | 19.88M | 22.49M | -1.59M | -12M | -7.72M | -9.06M | 55.11M | 27.18M |
| Depreciation & Amortization | 4.73M | 0 | 0 | -14.87M | 3.14M | 0 | 0 | 1.24M | 1.07M | 1.07M | 0 | 0 | 0 | 1.07M | 1.07M | 845K | 808K | 1.18M | 2.85M |
| Stock-Based Compensation | 3.25M | 0 | 0 | 3.19M | 2.61M | 0 | 0 | 2.88M | 2.46M | 2.38M | 0 | 0 | 0 | 1.73M | 1.65M | 1.77M | 911K | 917K | -1.69M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -53.74M | -9.31M | 638K | -127.93M | -68.98M | -21.13M | -965K | -56.18M | -95.29M | -151.78M | 1.2M | -2.82M | -7M | -51.03M | 11.77M | -131.93M | -44.55M | -193.01M | -76.41M |
| Working Capital Changes | 0 | 16.6M | -1.08M | 16.08M | -27.19M | 7.25M | 1.34M | -656K | -4.15M | -5.74M | 3.79M | -2.9M | -7.45M | -912K | 8.21M | -6.31M | -472K | -1.57M | -1.33M |
| Change in Receivables | 0 | 433K | -1.8M | -1.04M | -84K | 405K | -2.97M | -664K | -2.11M | -286K | 1.2M | -1.67M | -500K | -1.07M | -299K | -2.12M | -931K | -1.07M | -416K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -13.13M | 20.32M | 4.44M | 1.6M | -8.33M | 7.07M | 3.67M | 0 | 0 | 0 | 2.1M | 1.82M | -5.77M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -415K | -212.19M | -210.9M | -180K | -106K | -13.71M | -256.93M | -126K | -33K | -525K | 32.93M | -51.41M | 12.37M | -88K | -130K | -36K | 60K | -47K | -335K |
| Capital Expenditures | 0 | -428K | -71K | -180K | -106K | -136K | -125K | -126K | -33K | -525K | -749K | -1.13M | -343K | -88K | -106K | 0 | 0 | -47K | -335K |
| CapEx % of Revenue | - | 0.85% | 0.13% | 0.29% | 0.17% | 0.18% | 0.26% | 0.24% | 0.07% | 1.17% | 1.66% | 2.53% | 0.85% | 0.22% | 0.29% | - | - | 0.22% | 1.62% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 2.48B | 2.42B | 2.19B | 0 | 0 | 0 | 0 | 1.42B | 1.36B | 1.28B | 1.12B | 1.15B | 1.09B | 1.09B | 1.04B | 1.05B | 919.35M | 873.47M | 677.25M |
| Other Investing | 60.9M | 0 | 0 | 166.35M | 61.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24K | -36K | 60K | 0 | 0 |
| Cash from Financing | 46.7M | 175.07M | 166.91M | 141.58M | 62.21M | -17.18M | 194.58M | 56.15M | 88.64M | 134.42M | -59.78M | 41.18M | -22.67M | 27.29M | 10.34M | 127.93M | 34.25M | 143.85M | 55.58M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 95.05M | 77.5M | 86.96M | 30.47M | 49.67M | 79.38M | -798K | -1.58M | -637K | 91.69M | 9.54M | 3.04M | -2.26M | 23.15M | -23.92M | -2K | -138K | 0 |
| Dividends Paid | 0 | -37.78M | -35.15M | -32.28M | -31.15M | -29.11M | -26.11M | -24.49M | -22.82M | -22.95M | -18.86M | -16.33M | -20.66M | -20.44M | -39.9M | 7.93M | -8.75M | -8.09M | -6.77M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -798K | -1.58M | -637K | 0 | 0 | -1M | -2.26M | 23.15M | -23.92M | -2K | -138K | 0 |
| Other Financing | 46.7M | -838K | -1.06M | -768K | -1.7M | -547K | -799K | 46.93M | 24.24M | 45M | -604K | -527K | -1.05M | -5K | 52.09M | 57.91M | 0 | -3.92M | -2.65M |
| Net Change in Cash | 521K | 9.64M | -16.78M | 17.86M | -1.24M | 1.09M | -37.57M | 34.13M | 7.21M | -2.47M | -5.04M | 3.92M | -2.27M | -23.53M | 20.91M | -15.46M | -18.06M | 6.43M | 5.85M |
| Free Cash Flow | -45.77M | 46.33M | 27.13M | -123.53M | -63.34M | 31.85M | 24.65M | -22.02M | -81.43M | -136.89M | 21.06M | 13.03M | 7.69M | -50.82M | 10.6M | -143.35M | -52.37M | -137.42M | -49.74M |
| FCF Margin % | -54.93% | 91.91% | 48.04% | -200.12% | -99.53% | 42.42% | 51.35% | -42.47% | -164.87% | -305.93% | 46.77% | 29.25% | 18.97% | -124.67% | 28.52% | -440.92% | -184.35% | -638.9% | -240.75% |
| FCF Growth % | 27.75% | 45.47% | 10.06% | -461.08% | 22.22% | 123.26% | 17.05% | -269.02% | -1159.24% | -169.36% | 98.73% | 109.09% | 114.68% | 63.02% | 121.31% | - | - | - | - |
| FCF per Share | -0.55 | 0.60 | 0.38 | -1.87 | -1.01 | 0.50 | 0.42 | -0.41 | -1.61 | -2.85 | 0.48 | 0.33 | 0.20 | -1.45 | 0.32 | -4.63 | -1.91 | -5.05 | -1.66 |
| FCF Conversion (FCF/Net Income) | -1.01x | 1.18x | 0.98x | -2.98x | -2.34x | 0.70x | 1.02x | -0.71x | -5.61x | -7.70x | 1.30x | 0.71x | 0.36x | 31.93x | -0.89x | 18.56x | 5.78x | -2.49x | -1.82x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.69M | 10.34M | 9.15M | 0 | 0 | 0 | 8.89M | 7.88M | 6.68M | 5.6M | 3.96M | 2.79M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |