Trinity Capital (TRIN) Q4 2025 Earnings Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy TRIN?
Source: NASDAQ.COM
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Analyst Views on TRIN
Wall Street analysts forecast TRIN stock price to rise
6 Analyst Rating
5 Buy
0 Hold
1 Sell
Moderate Buy
Current: 15.020
Low
13.50
Averages
16.50
High
17.50
Current: 15.020
Low
13.50
Averages
16.50
High
17.50
About TRIN
Trinity Capital Inc. is an internally managed, closed-end, non-diversified management investment company that operates as a business development company. It is a specialty lending company that provides debt, including loans and equipment financings, to growth-stage companies, including venture-backed companies and companies with institutional equity investors. Its investment objective is to generate current income and capital appreciation through its investments across five vertical markets. It seeks to achieve its investment objective by making investments consisting primarily of term loans and equipment financings and working capital loans, equity and equity-related investments. Its equipment financings involve loans for general or specific use, including acquiring equipment that is secured by the equipment or other assets of the portfolio company. It targets investments in growth-stage companies that are typically private companies, including institutional investor-based companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Trinity Capital to Announce Q4 Earnings on February 25
- Earnings Announcement Date: Trinity Capital is set to announce its Q4 earnings on February 25 before market open, with a consensus EPS estimate of $0.52, reflecting a 7.1% year-over-year decline, which may impact investor sentiment.
- Revenue Expectations: The anticipated Q4 revenue is $80.01 million, representing a 13.0% year-over-year increase, indicating the company's resilience in revenue growth, potentially attracting income-focused investors.
- EPS Forecast Changes: Over the past three months, there has been one upward revision and no downward adjustments to EPS estimates, suggesting analysts' increased confidence in the company's profitability, which could positively influence stock prices.
- New Commitments and Funding: Trinity Capital reported $2.1 billion in new commitments and $1.5 billion funded in 2025, highlighting the company's strong performance in capital allocation, which may lay the groundwork for future growth.
See More
Trinity Capital (TRIN) Q4 2025 Earnings Transcript
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Trinity Capital Reports Strong Q4 Results with Significant NAV Growth
- Investment Income Growth: Trinity Capital achieved total investment income of $83.24 million in Q4, reflecting a 17.5% year-over-year increase that exceeded expectations by $3.23 million, demonstrating the company's strong market performance and enhanced profitability.
- NAV Increase: As of the end of Q4, the company's net asset value (NAV) reached $1.1 billion, or $13.42 per share, marking a 32.9% increase year-over-year, indicating improved asset quality and appreciation of the investment portfolio.
- New Commitments and Funding: Trinity Capital reported $2.1 billion in new commitments for 2025, with $1.5 billion already funded, showcasing the company's success in attracting investments and its potential for future growth.
- Stable Yield Returns: With a 13% yield attracting investors and beautiful monthly dividends, the company solidifies its position as a prime investment choice for 2026, reflecting its ongoing cash flow and shareholder return capabilities.
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Trinity Capital Reports Record Financial Results for 2025
- Record Investment Income: In Q4 2025, Trinity Capital reported net investment income of $39.9 million, or $0.52 per share, an increase from $34.6 million and $0.58 per share in Q4 2024, demonstrating the company's sustained profitability and reflecting strong market demand and effective investment strategies.
- Net Asset Value Growth: As of Q4 2025, total net assets rose to $1.1 billion, up 9.6% from $998.3 million in Q3 2025, primarily due to accretive ATM issuances and net investment income exceeding dividends, indicating effective capital management and increased investor confidence.
- Portfolio Expansion: As of December 31, 2025, Trinity Capital's investment portfolio had a fair value of approximately $2.4 billion, comprising $1.9 billion in secured loans, $336.8 million in equipment financing, and $218.1 million in equity and warrants, showcasing the company's success in diversifying its investments and enhancing market competitiveness.
- Liquidity and Capital Resources: As of the end of 2025, the company had approximately $335.2 million in available liquidity, including $19.1 million in unrestricted cash, demonstrating flexibility in capital operations and the ability to respond to market fluctuations, providing a solid foundation for future investments and expansion.
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Trinity Capital Projects Q4 2025 Net Investment Income Between $0.51 and $0.53
- Net Investment Income Outlook: Trinity Capital expects its preliminary net investment income for Q4 2025 to range between $0.51 and $0.53 per share, aligning with the consensus estimate of $0.52, which indicates the company's stable profitability and market confidence.
- Estimated Net Asset Value: As of December 31, 2025, Trinity Capital's estimated net asset value per share is projected to be between $13.36 and $13.44, reflecting the health of the company's assets and potential for capital appreciation.
- Non-Accrual Investment Ratio: At year-end, investments on non-accrual status represented approximately 0.7% of the total debt portfolio at fair value and about 0.9% at cost, demonstrating effective risk management by the company.
- Upcoming Earnings Call: Trinity Capital plans to discuss its fourth-quarter and full-year 2025 results on a conference call scheduled for February 25, 2026, which is expected to provide investors with deeper financial insights and future outlook.
See More
The Surge of Withdrawals for Nontraded BDCs Has Ended, While Private Credit Continues to Attract Cash.
Private Credit Sector Challenges: The private credit industry has faced significant setbacks due to the failures of some borrowers, leading to negative perceptions in the market.
Investor Sentiment Shifts: Recent securities filings indicate that investors may be starting to regain confidence, suggesting a potential stabilization in the private credit market.
See More
Trinity Capital to Announce Q4 Earnings on February 25
- Earnings Announcement Date: Trinity Capital is set to announce its Q4 earnings on February 25 before market open, with a consensus EPS estimate of $0.52, reflecting a 7.1% year-over-year decline, which may impact investor sentiment.
- Revenue Expectations: The anticipated Q4 revenue is $80.01 million, representing a 13.0% year-over-year increase, indicating the company's resilience in revenue growth, potentially attracting income-focused investors.
- EPS Forecast Changes: Over the past three months, there has been one upward revision and no downward adjustments to EPS estimates, suggesting analysts' increased confidence in the company's profitability, which could positively influence stock prices.
- New Commitments and Funding: Trinity Capital reported $2.1 billion in new commitments and $1.5 billion funded in 2025, highlighting the company's strong performance in capital allocation, which may lay the groundwork for future growth.
See More
Trinity Capital (TRIN) Q4 2025 Earnings Transcript
See More
Trinity Capital Reports Strong Q4 Results with Significant NAV Growth
- Investment Income Growth: Trinity Capital achieved total investment income of $83.24 million in Q4, reflecting a 17.5% year-over-year increase that exceeded expectations by $3.23 million, demonstrating the company's strong market performance and enhanced profitability.
- NAV Increase: As of the end of Q4, the company's net asset value (NAV) reached $1.1 billion, or $13.42 per share, marking a 32.9% increase year-over-year, indicating improved asset quality and appreciation of the investment portfolio.
- New Commitments and Funding: Trinity Capital reported $2.1 billion in new commitments for 2025, with $1.5 billion already funded, showcasing the company's success in attracting investments and its potential for future growth.
- Stable Yield Returns: With a 13% yield attracting investors and beautiful monthly dividends, the company solidifies its position as a prime investment choice for 2026, reflecting its ongoing cash flow and shareholder return capabilities.
See More
Trinity Capital Reports Record Financial Results for 2025
- Record Investment Income: In Q4 2025, Trinity Capital reported net investment income of $39.9 million, or $0.52 per share, an increase from $34.6 million and $0.58 per share in Q4 2024, demonstrating the company's sustained profitability and reflecting strong market demand and effective investment strategies.
- Net Asset Value Growth: As of Q4 2025, total net assets rose to $1.1 billion, up 9.6% from $998.3 million in Q3 2025, primarily due to accretive ATM issuances and net investment income exceeding dividends, indicating effective capital management and increased investor confidence.
- Portfolio Expansion: As of December 31, 2025, Trinity Capital's investment portfolio had a fair value of approximately $2.4 billion, comprising $1.9 billion in secured loans, $336.8 million in equipment financing, and $218.1 million in equity and warrants, showcasing the company's success in diversifying its investments and enhancing market competitiveness.
- Liquidity and Capital Resources: As of the end of 2025, the company had approximately $335.2 million in available liquidity, including $19.1 million in unrestricted cash, demonstrating flexibility in capital operations and the ability to respond to market fluctuations, providing a solid foundation for future investments and expansion.
See More
Trinity Capital Projects Q4 2025 Net Investment Income Between $0.51 and $0.53
- Net Investment Income Outlook: Trinity Capital expects its preliminary net investment income for Q4 2025 to range between $0.51 and $0.53 per share, aligning with the consensus estimate of $0.52, which indicates the company's stable profitability and market confidence.
- Estimated Net Asset Value: As of December 31, 2025, Trinity Capital's estimated net asset value per share is projected to be between $13.36 and $13.44, reflecting the health of the company's assets and potential for capital appreciation.
- Non-Accrual Investment Ratio: At year-end, investments on non-accrual status represented approximately 0.7% of the total debt portfolio at fair value and about 0.9% at cost, demonstrating effective risk management by the company.
- Upcoming Earnings Call: Trinity Capital plans to discuss its fourth-quarter and full-year 2025 results on a conference call scheduled for February 25, 2026, which is expected to provide investors with deeper financial insights and future outlook.
See More
The Surge of Withdrawals for Nontraded BDCs Has Ended, While Private Credit Continues to Attract Cash.
Private Credit Sector Challenges: The private credit industry has faced significant setbacks due to the failures of some borrowers, leading to negative perceptions in the market.
Investor Sentiment Shifts: Recent securities filings indicate that investors may be starting to regain confidence, suggesting a potential stabilization in the private credit market.
See More
