The earnings call presented numerous positive aspects, including significant increases in net investment income and net asset value, successful capital raising, and strong credit quality. However, the increase in the watch list portfolio and the new addition to nonaccrual status were notable challenges. Nonetheless, the positive aspects strongly outweighed the lowlights, reflecting an overall positive sentiment.

Company Guidance -

Q3 2025

During Trinity Capital's Second Quarter 2025 earnings call, the company provided robust guidance, emphasizing its strong financial performance and strategic initiatives. Key metrics highlighted include a 30% year-over-year increase in net investment income to $34.8 million and an 11% quarter-over-quarter growth in net asset value (NAV) to $924 million. The platform's assets under management (AUM) reached over $2.3 billion, and the company maintained a high credit quality with nonaccruals representing less than 1% of the portfolio at fair value. Trinity Capital declared a cash dividend of $0.51 per share, marking its 22nd consecutive quarter of consistent dividends. The company received an investment-grade rating from Moody's and a greenlight letter from the Small Business Administration to launch an SBIC fund, potentially adding $275 million in investable capital. The return on equity was noted as one of the highest in the BDC space at 15.9%, and the NAV grew by 36% year-over-year. Trinity Capital also raised $82 million of equity through its ATM program and issued $125 million in unsecured notes post-quarter, further strengthening its capitalization for growth.

Significant Increase in Net Investment Income

Trinity Capital delivered $34.8 million of net investment income in Q2 2025, marking a 30% increase compared to Q2 2024.

Record Net Asset Value Growth

The net asset value grew 11% quarter-over-quarter to a record $924 million.

Platform AUM Expansion

Total platform assets under management increased to more than $2.3 billion.

Investment-Grade Rating Achievement

Trinity Capital received an investment-grade rating from Moody's, enabling access to debt capital at more favorable rates.

Strong Portfolio and Credit Quality

Nonaccruals represented less than 1% of the portfolio at fair value, maintaining strong credit quality.

Successful Equity and Debt Raising

Raised $82 million in equity at an average premium to NAV of 11% and issued $125 million of unsecured notes post-quarter.

Robust Investment Pipeline

Trinity funded $585 million in the first half of 2025, surpassing the previous year's record by over 20%.

Trinity Capital (TRIN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TRIN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.53 / -	0.52	―	―	―
Aug 06, 2025	2025 (Q2)	0.52 / 0.53	0.51	3.92% (+0.02)
May 07, 2025	2025 (Q1)	0.52 / 0.52	0.52	0.00% (0.00)
Feb 26, 2025	2024 (Q4)	0.53 / 0.56	0.54	3.70% (+0.02)
Oct 30, 2024	2024 (Q3)	0.51 / 0.52	0.55	-5.45% (-0.03)
Aug 07, 2024	2024 (Q2)	0.52 / 0.51	0.58	-12.07% (-0.07)
May 01, 2024	2024 (Q1)	0.54 / 0.52	0.52	0.00% (0.00)
Mar 06, 2024	2023 (Q4)	0.54 / 0.54	0.57	-5.26% (-0.03)
Nov 01, 2023	2023 (Q3)	0.55 / 0.55	0.53	3.77% (+0.02)
Aug 02, 2023	2023 (Q2)	0.54 / 0.58	0.48	20.83% (+0.10)

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
Aug 06, 2025	$15.12	$15.33	+1.39%
May 07, 2025	$13.60	$13.34	-1.91%
Feb 26, 2025	$14.69	$15.44	+5.11%
Oct 30, 2024	$12.25	$12.27	+0.16%

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 (TRIN) report earnings?

Trinity Capital (TRIN) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Trinity Capital (TRIN) earnings time?

Trinity Capital (TRIN) earnings time is at Nov 05, 2025, 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 2025 (Q3) is 0.53.

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