Trinity Capital had a strong second quarter, demonstrating significant growth in net investment income and net asset value. They achieved an investment-grade rating and received approval for an SBIC fund, indicating a positive outlook for future growth. Despite the positive momentum, there was an increase in the watch list portfolio, which could pose challenges. Overall, the sentiment is largely positive given the outweighing highlights.

Company Guidance

In the second quarter of 2025, Trinity Capital demonstrated robust financial performance and growth across various metrics. The company reported a net investment income of $34.8 million, marking a 30% increase compared to the same quarter last year, alongside a total investment income of $69.5 million, up 27% from the previous year. The net asset value rose by 11% quarter-over-quarter to $924 million, with a platform AUM exceeding $2.3 billion. Trinity Capital maintained strong credit quality, with nonaccruals constituting less than 1% of the portfolio at fair value. The company distributed a cash dividend of $0.51 per share for the quarter, marking its 22nd consecutive quarter of regular dividends. Additionally, 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 of investable capital. Trinity Capital's return on equity and effective yield remained high within the BDC space, with a return on average equity of 15.9%. The firm also reported a 36% year-over-year growth in NAV and an 88% cumulative return on TRIN stock since its IPO. The company continues to expand its portfolio through its five business verticals, maintaining a diversified and resilient approach.

Significant Increase in Net Investment Income

Trinity Capital delivered $34.8 million of net investment income, a 30% increase compared to the same quarter last year.

Record Net Asset Value Growth

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

Strong Dividend Performance

Trinity Capital paid a second quarter cash dividend of $0.51 per share, marking the 22nd consecutive quarter of consistent regular dividends.

Investment-Grade Rating Achievement

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

SBIC Fund Greenlight

Received a greenlight letter from the SBA to launch an SBIC fund, potentially providing $275 million of investable capital.

Return on Equity and Effective Yield

Trinity's return on equity and effective yield are among the top in the BDC space, with an effective yield of 15.7% in Q2.

Strong Portfolio Performance and Low Nonaccruals

Nonaccruals represent less than 1% of the portfolio at fair value, with a stable portfolio performance.

Strong Half-Year Funding and Pipeline

In the first half of 2025, Trinity funded $585 million, surpassing last year's first half by over 20%, with strong investment pipeline.

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)	0.52 / -	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 0.52.

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