Companies /Financial Services

Trinity Capital Inc

NASDAQ: TRIN Asset Management
$18.71
▼ $0.02 (−0.11%) today
Markets closed · 4:28pm ET

Q1 2026 Earnings

Reported May 6, 2026, 8:00am ET · SEC source
$0.53
Beat +3.03%
EPS · est. $0.51
$90.1M
Beat +5.71%
Revenue · est. $85.3M
−4.0%
Trailing market
TRIN vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
0+0.9%+1.8%May 6May 7report 8:00am ETearnings+0.0%−0.3%
0+0.9%+1.8%May 6May 7earnings+0.0%−0.3%
TRIN −0.3%S&P 500 +0.0%
0+0.9%+1.8%May 6May 7report 8:00am ETearnings+0.2%−0.3%
0+0.9%+1.8%May 6May 7earnings+0.2%−0.3%
TRIN −0.3%NASDAQ +0.2%
−2%0+2%May 5May 14report 8:00am ETearnings+2.1%−0.7%
−2%0+2%May 5May 14earnings+2.1%−0.7%
TRIN −0.7%S&P 500 +2.1%
−2%0+2%+4%May 5May 14report 8:00am ETearnings+3.9%−0.7%
−2%0+2%+4%May 5May 14earnings+3.9%−0.7%
TRIN −0.7%NASDAQ +3.9%
+1.83%
Day of report
−1.50%
Next session
−2.66%
One week
−3.24%
30 days

S&P 500 over the same 30 days: +0.73%.

Did TRIN Beat Earnings? Q1 2026 Results

Trinity Capital Inc. posted a solid first quarter of 2026, reporting earnings per share of $0.53 on total investment income of $90.13 million, with both figures reflecting robust 37% year-over-year growth driven primarily by portfolio expansion and a widening effective yield on average debt investments, which climbed to 15.8% from 15.3% a year ago. Net investment income reached $44.49 million, comfortably covering the company's regular dividend at 103.9% of NII per share, with $68.50 million in undistributed income providing additional buffer. The investment portfolio grew to $2.48 billion at fair value across 180 companies, supported by $306.30 million in gross fundings and $395.20 million in new commitments during the quarter. NAV per share edged down to $13.27 from $13.42 at year-end, though total net assets expanded 6.6% to $1.17 billion, bolstered by accretive ATM issuances that raised $78.40 million in net proceeds, with the company raising an additional $29.80 million through early May.

Key Takeaways
  • Total investment income grew 37.8% YoY driven by portfolio expansion and higher effective yield (15.8% vs 15.3%)
  • Net investment income grew 37.4% YoY to $44.5 million
  • 82.5% floating rate debt portfolio provides interest rate sensitivity upside
  • Accretive ATM share issuances raised $78.4 million in net proceeds during Q1
  • Fee and other income increased to $6.8 million from $2.7 million YoY
  • Managed funds platform expansion creating new sources of recurring income

“Trinity Capital delivered a strong first quarter, increasing earnings per share while maintaining consistent credit quality and continued diversification across our portfolio. The strategic expansion of our managed funds platform is growing our ability to serve investors at scale while creating new sources of recurring income. We remain focused and confident in the durability of our earnings and our ability to consistently provide long-term benefits for our shareholders.”

Trinity Capital CEO, on the earnings call

TRIN YoY Financials

Revenue$90.1M
Net Income$29.8M

TRIN Revenue by Segment

Secured Loans$1.9B+42.8%
Equipment Financings$329.3M−2.2%
Equity & Warrants$254.1M
Equity and Warrants

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