Trinity Capital (NASDAQ:TRIN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Trinity Capital (NASDAQ:TRIN) issued its quarterly earnings data on Wednesday. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01, Zacks reports. The firm had revenue of $58.89 million during the quarter, compared to analyst estimates of $79.83 million. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%.

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 Stock Down 1.3%

Shares of NASDAQ:TRIN traded down $0.20 on Thursday, reaching $15.20. The company had a trading volume of 1,299,821 shares, compared to its average volume of 1,319,323. The stock 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 moving average price of $15.74 and a 200 day moving average price of $15.48. Trinity Capital has a twelve month low of $12.50 and a twelve month high of $17.20.

Trinity Capital Announces Dividend

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

Analysts Set New Price Targets

TRIN has been the topic of a number of research reports. Capital One Financial set a $17.00 price objective on Trinity Capital in a research note on Thursday, December 11th. Citizens Jmp set a $17.50 price target on shares of Trinity Capital in a research report on Monday, December 8th. Loop Capital set a $17.00 price objective on shares of Trinity Capital in a research report on Thursday, December 11th. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a report on Tuesday, January 27th. Finally, Clear Str raised shares of Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.29.

Institutional Investors Weigh In On Trinity Capital

A number of hedge funds have recently bought and sold shares of TRIN. Van ECK Associates Corp increased its stake in shares of Trinity Capital by 2.2% in the fourth quarter. Van ECK Associates Corp now owns 1,785,503 shares of the company’s stock worth $26,158,000 after purchasing an additional 39,286 shares during the period. Marshall Wace LLP lifted its holdings in shares of Trinity Capital by 4,587.0% during the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after buying an additional 1,126,709 shares during the last quarter. Invesco Ltd. boosted its position in shares of Trinity Capital by 22.4% in the fourth quarter. Invesco Ltd. now owns 1,026,680 shares of the company’s stock valued at $15,041,000 after acquiring an additional 187,744 shares during the period. Two Sigma Investments LP grew its stake in shares of Trinity Capital by 83.5% in the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after acquiring an additional 448,626 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Trinity Capital by 36.5% in the 3rd quarter. UBS Group AG now owns 806,897 shares of the company’s stock valued at $12,491,000 after purchasing an additional 215,581 shares during the period. 24.62% of the stock is currently owned by institutional investors.

Key Stories Impacting Trinity Capital

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

Trinity Capital Company Profile

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.