Trinity Capital

Trinity Capital, Inc. engages in operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan and refinance existing venture debt. Trinity Capital was founded in January 2008 by Steven L. Brown and is headquartered in Phoenix, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Trinity Capital reports strong Q4 results and explores growth opportunities

Trinity Capital's Q4 2022 performance showcased robust growth in assets and investment income, supported by a well-structured debt portfolio.
While facing challenges with increased leverage and anticipated early repayments, the company remains optimistic about future opportunities.
Exploring new structures, dividend increases, and strategic capital allocation highlight Trinity Capital's proactive approach to growth and income generation.

Trinity Capital reports strong Q1 earnings, navigates market challenges

Trinity Capital delivered a solid Q1 performance, marked by significant growth in investment income and a strategic dividend increase. While facing market challenges and operational complexities, the company remains focused on leveraging opportunities in the VC ecosystem and strengthening its financial position.

Trinity Capital reports robust Q2 growth and eyes venture opportunities

Trinity Capital's Q2 2023 earnings call highlighted strong financial performance, dividend growth, and a focus on strategic execution. With a solid debt portfolio, ample liquidity, and a commitment to maintaining credit quality, the company is well-positioned for future growth. Opportunities in venture capital investments and life sciences sector expansion signal a promising outlook for Trinity Capital.

Trinity Capital reports robust Q3 earnings, appoints new leadership

Trinity Capital's Q3 earnings call showcased strong financial performance, dividend growth, and leadership transition. The company's robust operational performance and stable portfolio position it well for future growth. Challenges in market dynamics and capital management require strategic focus, while opportunities in the macro environment offer avenues for expansion.

Trinity Capital reports record fundings and strong portfolio management

Trinity Capital delivered a strong performance in Q4 2023, with record fundings, increased AUM, and net investment income, supported by proactive portfolio management strategies.
Despite challenges like nonaccrual portfolio companies, Trinity's strengths in liquidity, capital management, and portfolio diversification offer resilience and growth potential.
Opportunities lie in the company's robust investment pipeline, tech lending expansion, and efficient capital deployment plans, positioning Trinity for continued success in a dynamic market.

Trinity Capital excels in Q1 with strong performance and growth strategies

Trinity Capital's Q1 2024 earnings call highlighted strong financial performance, stable credit quality, and strategic growth initiatives. The company's focus on credit underwriting, unique culture, and diversified business verticals position it for continued success. Challenges lie in managing leverage effectively and mitigating risks in debt funding amidst a competitive landscape.

Trinity Capital excels in Q2 2024, eyes growth opportunities

Trinity Capital's Q2 2024 performance reflects robust financial achievements, strategic expansion, and a commitment to maintaining credit quality and shareholder value.
The company's strengths lie in its diversified business lines, strong risk management practices, and proactive approach to driving growth through strategic partnerships.
While facing challenges in managing growth and regulatory considerations, Trinity has opportunities to capitalize on its strengths, explore new markets, and enhance shareholder returns.

Trinity Capital reports record Q3 earnings, eyes European expansion

Trinity Capital delivered strong financial performance in Q3 2024, with record net investment income and dividend consistency showcasing stability and growth.
The company's strategic initiatives, unique structure, and focus on credit quality position Trinity for sustainable expansion and shareholder value creation.
While facing challenges related to rapid growth and operational transparency, Trinity has opportunities to diversify, strengthen market position, and enhance investor relations.
Overall, Trinity's performance, strengths, and opportunities outweigh the challenges, indicating a positive outlook for continued growth and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Trinity Capital, Inc. engages in the operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan, and refinance existing venture debt. The company was founded by Steven L. Brown in January 2008 and is headquartered in Phoenix, AZ.

Trinity Capital is paying out a 20% dividend yield that is well covered by NII and undistributed earnings spillover. The BDC has faced criticism from bears due to its crypto exposure.

Trinity Capital: Crypto Winter Exposure Is Being Materially Overstated

Trinity Capital is a growth-focused business development company. As such, TRIN has been battered by the Fed's rapid rate hikes as the market feared the worst for its portfolio companies.

Trinity Capital: Get Ready For A Surge

Ellington Residential Mortgage REIT

Eagle Point Credit

Stone Harbor Emerging Markets Total Income Fund

FS KKR Capital Corp

Genco Shipping & Trading

Himax Tech

ProShares K-1 Free Crude Oil Strategy ETF

Orchid Island Capital

Oxford Lane Capital

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Sirius XM Holdings Inc

ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Verizon

Walgreens

Prior to December 30, 2022, readers mentioned 40 equities in their recent comments. Some lamented bad news, so bad news investments (rogues) mixed with (mostly) favorites. (Thus, these are ReFa/Ro.). Ten analyst-target-estimated top-net-gain Re/Fa/Ro: OILK, VZ, EARN, WBA, HIMX, FSK, USOI, TRIN, GNK, and ORC, averaged 34.13% net gains from data collected 1/9/23.

Readers Reveal 30 Ideal December Dividend Dogs

Trinity Capital originated $239 million in gross debt and equity commitments in Q4'22 PHOENIX , Jan. 9, 2023 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN, TRINL) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced certain highlights for the quarter and year ended December 31, 2022. Trinity finished 2022 with $239 million in new commitments in the fourth quarter, bringing total new commitments for the year ended December 31, 2022 to a record $975 million.

Trinity Capital Inc. Sets a Record with $975 Million in New Commitments for 2022

PHOENIX , Jan. 5, 2023 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN, TRINL) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that Steve Brown, Chairman and Chief Executive Officer of Trinity, will lead the Company in ringing the Closing Bell at the NASDAQ MarketSite in Times Square on Tuesday, January 10, 2023 at 4:00 pm ET. Trinity's executive management team will also join the celebration.

Trinity Capital Inc. to Ring NASDAQ Closing Bell on January 10, 2023

Blackstone Secured Lending Fund

TCG BDC

Golub Capital BDC

TCP Capital

Triplepoint Venture Growth BDC

We take a look at the action in BDCs through the third week of December and highlight some of the key themes we are watching. BDCs underperformed once again this week, lacking support from lower Treasury yields.

BDC Weekly Review: Why Some BDCs Act Like Wile E. Coyote

AGNC Investment

When investments are misunderstood or unknown, you may have a great opportunity on your hands. These types of investments often have high yields due to the mystery around them.

Misunderstood Or Unknown, 2 Outstanding Income Opportunities

PHOENIX , Dec. 20, 2022 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN, TRINL), a leading provider of diversified financial solutions to growth-stage companies, today announced a $25 million facility to support the growth of RxAnte Inc., a leading pharmacy care management business. $15 million was drawn under the facility, and RxAnte has the option to draw an additional $10 million, subject to the conditions under the agreement.

Trinity Capital Inc. Provides $25 Million Growth Capital To RxAnte, Inc.

TRIN yields 16.85% for its regular dividend. Management intends to pay another $.15 supplemental again for Q4 '22, which adds an additional 5.6%.

Trinity Capital: 17% Yield, Plus 5% Extra, 22% Discount

TRIN makes loans to venture capital-backed growth-stage companies. These growth companies are mostly unprofitable and in cash-burn mode, and thus a more difficult capital-raising environment raises the risk of bankruptcies/defaults.

Trinity Capital: Over 10% Discount To NAV For Venture-Backed Growth Companies

PHOENIX , Dec. 15, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced that on December 15, 2022, its Board of Directors declared a cash dividend of $0.61 per share with respect to the quarter ending December 31, 2022, consisting of a regular quarterly dividend of $0.46 per share and a supplemental cash dividend of $0.15 per share. This dividend represents an increase of 2.2% over the dividend declared in the prior quarter.

Trinity Capital Inc. Declares Cash Dividend of $0.61 per Share for the Fourth Quarter of 2022

PHOENIX , Dec. 14, 2022 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN, TRINL) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced it was granted exemptive relief from the SEC that permits the Company to organize, acquire and wholly own a portfolio company that intends to operate as an investment adviser registered under the Investment Advisers Act of 1940. "Our RIA exemptive relief gives us an additional growth lever to pursue accretive investment opportunities," said Kyle Brown, President and Chief Investment Officer at Trinity Capital.

Trinity Capital Inc. Announces Exemptive Relief for a Registered Investment Adviser ("RIA")

PHOENIX , Dec. 6, 2022 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN, TRINL) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it entered into an agreement (the "JV Agreement") to co-manage a newly formed joint venture, i40, LLC (the "JV"), with certain funds and accounts managed by a specialist credit manager with over $5 billion of assets under management. The JV will invest in loans and equipment financings to growth-stage companies that have been originated by Trinity.

Trinity Capital Inc. Announces Joint Venture

We take a look at the action in BDCs through the second week of November and highlight some of the key themes we are watching. BDCs had a strong week with a 2% gain on average.

BDC Weekly Review: Market Continues To Be Surprised By Strong Results

PHOENIX , Nov. 14, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN, TRINL) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced that its board of directors has authorized a program for the purpose of repurchasing up to $25.0 million worth of the Company's common stock. Under the repurchase program, Trinity may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time, provided that Trinity complies with the prohibitions under its Rule 38a-1 Compliance Manual and Rule 17j-1 Code of Ethics and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market, volume, and timing constraints.

Trinity Capital Inc. Adopts Stock Repurchase Program

Trinity Capital Inc. has been getting hit hard lately after Core Scientific announced its intent to skip equipment financing payments. However, the decline seems to be way overblown.

Trinity Capital: Deep Discount, Attractive Yield

Trinity Capital employed the epitome of a bull market strategy: making loans to speculative businesses with significant cash burn. Trinity is also levered. $482m of equity supports $1,096m of assets. Impairments are hence keenly felt by equity holders.

Trinity Capital: Brace For Significant Impairments

BDCs are benefitting from high rates and they are becoming an increasingly popular alternative financing option for cash-hungry startups. Trinity Capital's high dividend yield, a significant dip in share price, and solid fundamentals make it a solid pick.

BDCs: Trinity Looks Attractive Than TriplePoint Venture Growth

Trinity Capital Inc. (NASDAQ:TRIN ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Sarah Stanton - General Counsel Steven Brown - Chairman and Chief Executive Officer David Lund - Chief Financial Officer Michael Testa - Chief Accounting Officer Gerald Harder - Chief Operating Officer Ron Kundich - Chief Credit Officer Conference Call Participants Christopher Nolan - Ladenburg Thalmann Ryan Lynch - KBW Casey Alexander - Compass Point Bryce Rowe - B. Riley Jordan Wathen - Wells Fargo Securities Operator Good afternoon.

Trinity Capital Inc. (TRIN) Q3 2022 Earnings Call Transcript

Trinity Capital (TRIN) delivered earnings and revenue surprises of 1.92% and 6.32%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Trinity Capital (TRIN) Beats Q3 Earnings and Revenue Estimates

PHOENIX , Nov. 3, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN, TRINL) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced its financial results for the quarter ended September 30, 2022. Third Quarter 2022 Highlights Total investment income of $38.7 million, an increase of 77.5% year-over-year Net investment income ("NII") of $18.6 million, or $0.56 per share, an increase of 67.6% year-over-year Aggregate debt and equity investment commitments of $128.1 million Total gross investments funded of $94.2 million, comprised of $28.9 million across seven new portfolio companies and $65.3 million across 15 existing portfolio companies 15.4% Return on Average Equity "ROAE" (NII/Average Equity) 6.8% Return on Average Assets "ROAA" (NII/Average Assets) Debt principal repayments of $79.9 million including $48.5 million from early repayments Net asset value ("NAV") per share decreased to $13.74 from $14.62 on June 30, 2022 Declared a dividend distribution of $0.60 per share, consisting of a regular dividend of $0.45 per share for the third quarter, an increase of 7.1% from Q2 2022, and a supplemental cash dividend of $0.15 per share.

Trinity Capital Inc. Reports Third Quarter 2022 Financial Results

Oaktree Specialty Lending

We take a look at the action in BDCs through the last week of September and highlight some of the key themes we are watching. BDCs underperformed the broader income space in September despite a number of dividend raises and higher short-term rates.

BDC Weekly Review: Sector Falls Into A Liquidity Air Pocket

Trinity Capital yields 13.84% on a regular forward dividend basis. Management also intends to pay another $.15 dividend again in Q4 '22.

Trinity Capital: 14% Yield, -11% Discount, Strong Growth

PHOENIX , Oct. 6, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN, TRINL) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, will release its third quarter 2022 financial results after market close on Thursday, November 3, 2022. As previously announced, the Company will discuss its financial results on a conference call that day at 2:00 p.m.

Trinity Capital Inc. Provides Details for Third Quarter 2022 Financial Conference Call

Capital Southwest

Fidus Investment

We take a look at the action in BDCs through the fourth week of September and highlight some of the key themes we are watching. BDCs had a tough week as markets wobbled under hawkish Fed commentary.

News for Trinity Capital Stock (TRIN)