Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) 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 | 26.64M | 10.76M | 20.57M | 21.81M | 14.15M | 8.03M | 16.18M | 24.25M | 4.45M | 10.04M | 9.88M | 7.56M |
| Operating CF Margin % | -54.93% | 92.75% | 48.16% | -200.12% | -99.53% | 40.61% | 51.61% | 55.32% | 20.77% | 42.33% | 48.93% | 72.83% | 19.51% | 50.65% | 63.68% | 18.65% | 11.88% | 31.83% | 33.68% |
| Operating CF Growth % | 27.75% | 46.19% | 9.79% | -563.73% | -688.78% | 55.45% | 13.6% | 88.22% | 33.96% | 27.2% | -10.08% | 218.26% | -19.99% | 63.63% | 220.66% | - | - | - | - |
| Net Income | 0 | 39.46M | 27.64M | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 3.25M | 0 | 0 | 3.19M | 2.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -35.78M | -9.31M | 638K | -127.93M | -41.9M | -21.13M | -965K | -8.3M | 7.01M | 1.76M | 1.2M | -2.82M | -7M | 17.5M | 25.18M | 18.68M | 18.25M | -46.87M | -21.43M |
| Working Capital Changes | -17.96M | 16.6M | -1.08M | 16.08M | -27.19M | 7.25M | 1.34M | 4.11M | -10.76M | 1.11M | 3.79M | -2.9M | -7.45M | 268K | 11.08M | -6.51M | 858K | 1.64M | 1.81M |
| Change in Receivables | 957K | 433K | -1.8M | -1.04M | -84K | 405K | -2.97M | -664K | -2.11M | -286K | 1.2M | -1.67M | -500K | 742K | -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 | 4.77M | -6.61M | 6.85M | 2.1M | 1.82M | -5.77M | 1.18M | 2.87M | -200K | 1.33M | 3.21M | 3.14M |
| Cash from Investing | -415K | -212.19M | -210.9M | -180K | -106K | -13.71M | -256.93M | -48.66M | -92.19M | -157.46M | 32.93M | -51.41M | 12.37M | -67M | -13.68M | -147.83M | -62.34M | -147.31M | -57.3M |
| Capital Expenditures | -415K | -428K | -71K | -180K | -106K | -136K | -125K | -126K | -33K | -525K | -749K | -1.13M | -343K | -88K | -106K | 0 | 0 | -47K | -335K |
| CapEx % of Revenue | 0.5% | 0.85% | 0.13% | 0.29% | 0.17% | 0.17% | 0.26% | 0.26% | 0.06% | 1.08% | 1.68% | 5.8% | 0.83% | 0.28% | 0.28% | - | - | 0.15% | 1.49% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 2.48B | 2.42B | 2.19B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 61.32M | 0 | 0 | 166.35M | 61.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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) | 78.28M | 95.05M | 77.5M | 86.96M | 30.47M | 49.67M | 79.38M | 46.93M | 24.24M | 45M | 91.69M | 9.54M | 3.04M | -2.01M | 55.23M | 57.91M | 0 | 576K | 0 |
| Dividends Paid | 0 | -37.78M | -35.15M | 0 | -31.15M | -29.11M | -26.11M | -24.49M | -22.82M | -22.95M | -18.86M | -16.33M | -20.66M | -20.44M | -17.16M | -14.8M | -8.75M | -8.09M | -6.77M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M | -2.01M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -85.13M | -838K | -1.06M | -33.04M | -1.7M | -547K | -799K | -798K | -1.58M | -637K | -604K | -527K | -1.05M | -256K | -397K | -373K | -2K | -138K | 0 |
| 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 | 26.51M | 10.72M | 20.05M | 21.06M | 13.03M | 7.69M | 16.09M | 24.15M | 4.45M | 10.04M | 9.84M | 7.23M |
| FCF Margin % | -54.93% | 91.91% | 48.04% | -200.12% | -99.53% | 40.43% | 51.35% | 55.06% | 20.7% | 41.25% | 47.25% | 67.03% | 18.67% | 50.37% | 63.4% | 18.65% | 11.88% | 31.68% | 32.19% |
| FCF Growth % | 27.75% | 45.47% | 10.06% | -565.93% | -690.59% | 58.84% | 17.05% | 103.54% | 39.5% | 24.63% | -12.79% | 192.92% | -23.41% | 63.52% | 234.06% | - | - | - | - |
| FCF per Share | -0.55 | 0.60 | 0.38 | -1.87 | -1.01 | 0.50 | 0.42 | 0.49 | 0.21 | 0.42 | 0.48 | 0.33 | 0.20 | 0.46 | 0.73 | 0.14 | 0.37 | 0.36 | 0.24 |
| FCF Conversion (FCF/Net Income) | -1.01x | 1.18x | 0.98x | -2.98x | -2.34x | 0.70x | 1.02x | 0.86x | 0.74x | 1.16x | 1.30x | 0.71x | 0.36x | -10.18x | -2.02x | -0.58x | -1.11x | 0.18x | 0.28x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |