Trinity Capital (NASDAQ:TRIN) Issues Earnings Results

Trinity Capital (NASDAQ:TRIN) announced its quarterly earnings results on Wednesday. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01, Zacks reports. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. The firm had revenue of $58.89 million for the quarter, compared to analyst estimates of $79.83 million.

Here are the key takeaways from Trinity Capital’s conference call:

• Trinity delivered record 2025 results, including $144M net investment income ($2.08 per share), Q4 NII of $40M, NAV up 10% q/q to $1.1B, and platform AUM above $2.8B.
• The company transitioned to monthly dividends ($0.17/month) while covering distributions (102% coverage) and holding ~$69M of undistributed taxable income to reinvest, supporting dividend consistency.
• Originations and capital-raising momentum remain strong — $1.5B funded in 2025, $2.1B of commitments, Q4 fundings of $435M, a $1.2B unfunded pipeline (93% conditional), plus growing managed funds, co-invest vehicles and an SBIC expected to add > $260M of capacity.
• Credit quality is resilient — non-accruals are under 1%, 85% of principal is first-lien secured and weighted average LTV is ~17% — although two legacy credits moved to non-accrual and are being actively worked.
• Management is taking a selective approach to AI/software risk — enterprise SaaS is ~9% of the portfolio and the firm is prioritizing equipment/infrastructure financing (GPUs, data centers) rather than betting on single AI application winners.

Trinity Capital Trading Down 1.3%

TRIN stock traded down $0.20 during trading on Thursday, reaching $15.20. 1,300,072 shares of the stock were exchanged, compared to its average volume of 1,319,323. Trinity Capital has a twelve month low of $12.50 and a twelve month high of $17.20. The company has a market capitalization of $1.15 billion, a P/E ratio of 6.94 and a beta of 0.53. The stock has a 50 day simple moving average of $15.74 and a 200-day simple moving average of $15.48.

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 13.4%. Trinity Capital’s dividend payout ratio is 93.15%.

Institutional Trading of Trinity Capital

Hedge funds have recently modified their holdings of the company. Marshall Wace LLP boosted its holdings in Trinity Capital by 4,587.0% in the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after purchasing an additional 1,126,709 shares during the period. Eagle Point Credit Management LLC bought a new stake in shares of Trinity Capital in the fourth quarter worth $10,657,000. Two Sigma Investments LP increased its position in Trinity Capital by 83.5% during the 3rd quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock valued at $15,266,000 after purchasing an additional 448,626 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Trinity Capital by 203.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 545,047 shares of the company’s stock worth $7,986,000 after acquiring an additional 365,193 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Trinity Capital by 36.5% during the 3rd quarter. UBS Group AG now owns 806,897 shares of the company’s stock valued at $12,491,000 after acquiring an additional 215,581 shares during the period. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital News Summary

Here are the key news stories impacting Trinity Capital this week:

• Positive Sentiment: Q4 results: Trinity reported record quarterly net investment income of $39.9M ($0.52/share) and record annual NII, beating EPS consensus and showing strong ROE and margin metrics — this supports dividend sustainability and core earnings. Trinity Capital Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: New growth investment: Trinity committed $50M to Dwelly, an AI-first UK proptech platform — this is incremental deployment into a high-growth sector and demonstrates ongoing originations and portfolio diversification. Trinity Capital Inc. Provides $50 Million in Growth Capital to Dwelly, Scaling UK Property-Management Marketplace
• Positive Sentiment: Capital runway & dividend cadence: Management outlined roughly $1.2B of unfunded commitments and a move to monthly dividends amid portfolio growth — signaling meaningful dry powder to deploy and a more frequent income distribution that can attract yield-seeking investors. Trinity Capital outlines $1.2B in unfunded commitments and monthly dividend transition amid robust portfolio growth
• Neutral Sentiment: Earnings call / disclosures: The Q4 2025 earnings call and transcripts provide management color on portfolio performance, credit metrics and deployment plans — useful for investors but no single surprise item. Trinity Capital Inc. (NASDAQ:TRIN) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue miss: Reported revenue (~$58.9M) came in well below consensus (~$79.8M), a disconnect from the EPS beat that may concern investors about fee and interest income volatility. Trinity Capital (Read More.) announced its quarterly earnings results
• Negative Sentiment: Options activity: Unusually large volume in TRIN put options suggests some traders are positioning for further downside or hedging following the mixed print. Investors Buy Large Volume of Trinity Capital Put Options (NASDAQ:TRIN)
• Negative Sentiment: Sector pressure: Analysts flagged that the BDC sector is under stress (credit/valuation concerns), which can weigh on TRIN multiple despite company-specific positives. Trinity Capital faces earnings test as BDC-sector pressures mount

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TRIN shares. Loop Capital set a $17.00 price objective on Trinity Capital in a report on Thursday, December 11th. Citizens Jmp set a $17.50 price target on shares of Trinity Capital in a research note on Monday, December 8th. Citigroup restated an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Capital One Financial set a $17.00 target price on shares of Trinity Capital in a report on Thursday, December 11th. Finally, Clear Str raised Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trinity Capital currently has an average rating of “Moderate Buy” and an average target price of $16.29.

About Trinity Capital

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.