Companies /Financial Services

Trinity Capital Inc

NASDAQ: TRIN Asset Management
$18.71
▼ $0.02 (−0.11%) today
Markets closed · 4:57pm ET

Q2 2026 Earnings

Reported Aug 5, 2026, 8:00am ET · SEC source
$0.51
Miss −1.70%
EPS · est. $0.52 GAAP
$87.2M
Miss −4.29%
Revenue · est. $91.1M
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−2%0+2%Aug 5Aug 6report 8:00am ETearnings−0.8%+1.8%
−2%0+2%Aug 5Aug 6earnings−0.8%+1.8%
TRIN +1.8%S&P 500 −0.8%
−2%0+2%Aug 5Aug 6report 8:00am ETearnings−1.2%+1.8%
−2%0+2%Aug 5Aug 6earnings−1.2%+1.8%
TRIN +1.8%NASDAQ −1.2%
−3%0+3%Aug 4Aug 13report 8:00am ETearnings+0.4%+3.3%
−3%0+3%Aug 4Aug 13earnings+0.4%+3.3%
TRIN +3.3%S&P 500 +0.4%
−3%0+3%Aug 4Aug 13report 8:00am ETearnings+0.9%+3.3%
−3%0+3%Aug 4Aug 13earnings+0.9%+3.3%
TRIN +3.3%NASDAQ +0.9%
−5.07%
Day of report
+2.09%
Next session
+6.09%
One week

Did TRIN Beat Earnings? Q2 2026 Results

Trinity Capital Inc. delivered a mixed second quarter for fiscal 2026, falling short on both top and bottom lines as aggressive share issuance weighed on per-share results. The business development company posted GAAP EPS of $0.51, missing the $0.52 consensus estimate by 1.70%, while total investment income of $87.17 million trailed analyst expectations of $91.08 million by 4.29%, despite rising 14.6% year-over-year. The central driver behind the per-share shortfall was dilution from Trinity's ATM equity program, which added roughly 24.6 million weighted average shares over the past year, pushing basic weighted average shares outstanding to 90.5 million and compressing net investment income per share even as absolute NII climbed 32.1% to $45.99 million. On the operational side, the quarter reflected genuine scale, with Trinity originating $709 million in new commitments, growing its portfolio to $2.73 billion across 190 companies, and lifting NAV per share to $13.47. Analysts currently rate the stock a buy, though the dilution dynamic is likely to remain a focal point heading into the second half.

Key Takeaways
  • Total investment income grew 25.5% year-over-year driven by larger investment portfolio
  • Net investment income grew 32.1% year-over-year to $46.0 million
  • Gross investments funded of $618.7 million across new and existing portfolio companies
  • Total gross investment commitments of $709.0 million
  • NAV per share increased to $13.47 from $13.27 sequentially
  • 15.0% effective yield on average debt investments at cost
  • Return on Average Equity of 15.2%
  • Return on Average Assets of 6.9%

“Our Q2 results reflect years of investment in building a platform that can perform across cycles -- directly originated, diversified across five verticals, a growing managed funds platform, and backed by an internally managed team that has a real stake in the outcome. That is not a new story for Trinity Capital, but this quarter gave us another opportunity to demonstrate it.”

Trinity Capital CEO, on the earnings call

TRIN YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$30.0M$60.0M$90.0M$76.1M$87.2MRevenue$41.4M$44.4MNet Income
$0$30.0M$60.0M$90.0MRevenueNet Income

TRIN Revenue by Segment

Secured Loans$2.0B+37.2%
Equipment Financings$390.4M+14.0%
Equity & Warrants$295.0M
Equity and Warrants

Figures from SEC filings and company reports. Not investment advice.