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Trinity Capital Inc. 7.875% Notes due 2029(TRINZ)Earnings, Financials & Key Ratios
TRINZ•NASDAQ
$25.24
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%
TRINZ Price & Volume
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) stock price & volume — 10-year historical chart
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Leverage-Driven Asset Growth Masks Earnings Volatility Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:High leverage and valuation subjectivity
Key Thesis Takeaways
- Trinity Capital's aggressive asset expansion from $1.3B to $2.6B over ten quarters has been primarily fueled by debt, raising concerns regarding the sustainability of its capital structure given consistently negative retained earnings.
- While the firm maintains a 79.3% gross margin as of 2026Q1, the reliance on subjective valuation adjustments creates significant earnings volatility that complicates cash flow predictability.
- Investors should monitor the firm's ability to manage its 1.16x debt-to-equity ratio while navigating cyclical venture debt exit environments.
Verdict Logic
while the firm maintains a 7.875% coupon profile, the reliance on debt to fund dividends despite negative operating cash flow of $45.8M in 2026Q1 warrants caution regarding long-term solvency.
TRINZ Growth Metrics
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years38.51%
3 Years9.2%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM20.18%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-4.13%
Return on Capital
10 Years9.24%
5 Years10.36%
3 Years10.35%
Last Year10.15%
TRINZ Recent Earnings
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/5 qtrs (80%)●Beat Revenue 2/5 qtrs (40%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.53+2.5%
$0.52
Rev
$90M+5.0%
$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+0.0%
$0.53
Rev
$73M-2.5%
$74M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.54+3.5%
$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+2.5% | $90Mvs $86M+5.0% |
| Q1 2026 | Feb 25, 2026 | $0.52vs $0.52+0.8% | $83Mvs $80M+3.7% |
| Q4 2025 | Nov 5, 2025 | $0.53vs $0.53+0.0% | $73Mvs $74M-2.5% |
| Q3 2025 | Aug 6, 2025 | $0.54vs $0.52+3.5% | $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 (TRINZ)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.24 | $1.12B | 12.88 | 2.44% | 58.39% | 14.15% | — | |
| $17.48 | $1.21B | 8.92 | -2.19% | 55.8% | 14.73% | — | |
| $18.47 | $13.26B | 9.93 | 32.87% | 43.69% | 8.11% | — | |
| $12.75 | $3.32B | 8.98 | 42.5% | 26.91% | 5.24% | — | |
| $10.83 | $5.38B | 8.73 | 52.55% | 27.51% | 4.83% | — | |
| $4.90 | $991.12M | 6.45 | -18.64% | — | — | — |
Compare TRINZ vs Peers
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRINZ SEC Filings & Documents
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TRINZ Frequently Asked Questions
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) 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 (TRINZ) 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 (TRINZ) grew revenue by 2.4% over the past year. Growth has been modest.
Is TRINZ profitable?
Yes, Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) is profitable, generating $154.0M in net income for fiscal year 2025 (58.4% net margin).
Dividend & Returns
What is TRINZ's return on equity?
Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) 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 (TRINZ) had negative free cash flow of $95.8M in fiscal year 2025, likely due to heavy capital investments.