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Trinity Capital (TRIN)
NASDAQ:TRIN
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.52Last Year’s EPS
0.52Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operational and financial outcomes — record net investment income, robust quarters of income growth, NAV expansion, significant AUM growth, high ROE and portfolio yield, expanding managed-fund revenue, and conservative credit metrics (non-accruals <1%, high first-lien exposure). The company acknowledged some sector valuation volatility (notably in AI/software markets), a couple of legacy non-accruals added in Q4, and execution/diligence gating on a large portion of the pipeline. Overall, positives (record metrics, capital-raising success, diversified platform and strong credit performance) materially outweigh the contained and manageable lowlights.Company Guidance
Record Annual Net Investment Income
Net investment income for FY2025 reached a record $144 million, or $2.08 per share, demonstrating strong operating profitability for the year.
Strong Quarterly Income Growth
Q4 total investment income was $83 million, up 17.5% year-over-year, and Q4 net investment income was $40 million (or $0.52 per basic share), a 15% increase versus Q4 last year and representing 102% coverage of the quarterly distribution.
NAV and Per-Share Growth
Net asset value rose 10% quarter-over-quarter to $1.1 billion, with NAV per share increasing from $13.31 to $13.42 in Q4 and full-year NAV growth of 33% year-over-year.
AUM and Originations Momentum
Platform assets under management surpassed $2.8 billion, up 38% year-over-year. Trinity funded a record $1.5 billion in 2025 (including $435 million in Q4), representing a 21% increase versus the prior year, and recorded $2.1 billion of commitments for the year.
High Return and Yield Metrics
Trinity delivered a 15.3% return on average equity (among the highest in the BDC sector) and maintained a weighted average effective portfolio yield of 15.2% in the quarter.
Robust Credit Profile and Portfolio Diversification
Credit quality remained strong: non-accruals were less than 1% of the portfolio ($15.2 million), 85% of principal was secured by first position liens on enterprise/equipment, weighted average loan-to-value was 17%, and investments spanned 22 industries with no borrower >3.9% exposure.
Managed Funds and Capital-Raising Progress
Managed/private vehicles grew to $400 million in assets; co-investment vehicles contributed approximately $3.1 million (or $0.04 per share) incremental NII in Q4. Trinity raised $95 million via an equity ATM at an average 12% premium to NAV and $28 million via a debt ATM at a 1% premium to par, and is scaling an SBIC fund expected to add more than $260 million of incremental capacity.
Shareholder Returns Since IPO
Since IPO five years ago, TRIN stock delivered a cumulative total return of 109%, outperforming the peer average of 70% and the S&P 500's 82% over the same period.
Dividend Consistency and Shift to Monthly Payout
Trinity paid a Q4 cash dividend of $0.51 per share and transitioned to a monthly dividend of $0.17 per share starting January 2026 while maintaining the same aggregate quarterly payout; estimated undistributed taxable income stands at approximately $69 million (about $0.84 per share).
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 |
|---|---|---|---|
Feb 25, 2026 | $15.02 | $15.40 | +2.53% |
Nov 05, 2025 | $14.35 | $13.63 | -5.04% |
Aug 06, 2025 | $13.84 | $14.03 | +1.39% |
May 07, 2025 | $12.44 | $12.21 | -1.91% |
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 May 06, 2026, After Close (Confirmed).
What is Trinity Capital (TRIN) earnings time?
Trinity Capital (TRIN) earnings time is at May 06, 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 (Q1) is 0.52.