Trinity Capital, Inc. (TRIN)
NASDAQ:TRIN
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.52Last Year’s EPS
0.53Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong financial and operational achievements — record net assets, double‑digit ROE and yields (15.8%), robust originations and a growing managed funds platform (AUM +36% YoY) — while acknowledging limited realized/unrealized losses, a small rise in nonaccruals, higher early repayments, and concentration in newer vintages. Management highlighted disciplined underwriting, improving liquidity, and strategic off‑balance sheet initiatives (SBIC and JV) to grow fee income and de‑risk the BDC. Overall, the positives (growth in NAV/AUM, income expansion, strong credit metrics and strategic capital initiatives) meaningfully outweigh the contained negatives (modest marks, higher churn, and newer-vintage concentration).Company Guidance
Record NAV and Net Assets Growth
Net asset value grew 7% quarter-over-quarter and 40% year-over-year to a record $1.2 billion; NAV per share was $13.27 (down from $13.42 Q/Q but up ~2% YoY).
Strong Platform AUM and Managed Funds Expansion
Platform AUM increased to more than $2.9 billion, up 36% year-over-year; managed funds AUM reached $400 million across four vehicles, contributing $0.04 to Q1 net investment income (~8% of the $0.53 NII).
Robust Originations and Pipeline
Fundings of $306 million in Q1 (39% higher than Q1 2025) with $396 million of commitments; total unfunded commitments of $1.2 billion and $300 million of accepted term sheets as of March 31.
Strong Income and Profitability Metrics
Total investment income was $90.1 million, up 38% year-over-year; net investment income was $44.5 million ($0.53 per basic share) covering 104% of the quarterly distribution; Q1 return on average equity and weighted average effective portfolio yield both at 15.8%.
Capital Actions and Liquidity
Raised $78.4 million via ATM at an average premium to NAV of 12%; net leverage decreased to 1.15x from 1.18x Q/Q; total platform liquidity exceeded $500 million including managed fund capacity.
SBIC Fund Momentum and Incremental Capacity
Initial SBIC equity close of $45.3 million (over half of a $87.5M target); SBA license approved; SBIC expected to add >$260 million of incremental capacity when fully scaled and provides low-cost 2:1 leverage.
Credit Quality and Portfolio Diversification
Nonaccruals remained low at ~1% of the portfolio at fair value; approximately 88% of total principal secured by first‑position liens; no single borrower >4% exposure and diversification across 22 industries.
Shareholder Returns and Distribution Track Record
Paying $0.17 monthly dividend through end of Q2; greater than six consecutive years of consistent distributions; since IPO cumulative return of 119% vs S&P 500’s 86%.
Warrants and Upside Optionality
197 warrant positions across 127 portfolio companies provide potential incremental upside to shareholders.
TRIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TRIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $16.80 | $17.11 | +1.83% |
Feb 25, 2026 | $14.54 | $14.90 | +2.53% |
Nov 05, 2025 | $13.89 | $13.19 | -5.04% |
Aug 06, 2025 | $13.39 | $13.58 | +1.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trinity Capital, Inc. (TRIN) report earnings?
Trinity Capital, Inc. (TRIN) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Trinity Capital, Inc. (TRIN) earnings time?
Trinity Capital, Inc. (TRIN) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRIN EPS forecast?
TRIN EPS forecast for the fiscal quarter 2026 (Q2) is 0.52.