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Financial Services - Asset Management - NASDAQ - US
$ 13.93
-0.283 %
$ 901 M
Market Cap
6.71
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TRIN stock under the worst case scenario is HIDDEN Compared to the current market price of 13.9 USD, Trinity Capital Inc. is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TRIN stock under the base case scenario is HIDDEN Compared to the current market price of 13.9 USD, Trinity Capital Inc. is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TRIN stock under the best case scenario is HIDDEN Compared to the current market price of 13.9 USD, Trinity Capital Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TRIN

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$16.5$16.5$16.0$16.0$15.5$15.5$15.0$15.0$14.5$14.5$14.0$14.0$13.5$13.5$13.0$13.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
227 M REVENUE
29.68%
169 M OPERATING INCOME
30.29%
116 M NET INCOME
0.00%
-317 M OPERATING CASH FLOW
-229.22%
-420 K INVESTING CASH FLOW
84.69%
322 M FINANCING CASH FLOW
245.88%
63.1 M REVENUE
6.53%
46.6 M OPERATING INCOME
5.65%
45.9 M NET INCOME
201.15%
18.4 M OPERATING CASH FLOW
105.68%
-13.7 M INVESTING CASH FLOW
-14.90%
-17.2 M FINANCING CASH FLOW
-8.83%
Balance Sheet Trinity Capital Inc.
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Current Assets 26.2 M
Cash & Short-Term Investments 9.63 M
Receivables 16.5 M
Other Current Assets 0
Non-Current Assets 1.73 B
Long-Term Investments 1.73 B
PP&E 0
Other Non-Current Assets 0
98.51 %Total Assets$1.8b
Current Liabilities 80.8 M
Accounts Payable 31.5 M
Short-Term Debt 49.4 M
Other Current Liabilities 0
Non-Current Liabilities 902 M
Long-Term Debt 0
Other Non-Current Liabilities 902 M
3.20 %5.03 %91.77 %Total Liabilities$982.7m
EFFICIENCY
Earnings Waterfall Trinity Capital Inc.
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Revenue 227 M
Cost Of Revenue 43.5 M
Gross Profit 183 M
Operating Expenses 14.2 M
Operating Income 169 M
Other Expenses 53.4 M
Net Income 116 M
250m250m200m200m150m150m100m100m50m50m00227m(44m)183m(14m)169m(53m)116mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
80.81% GROSS MARGIN
80.81%
74.55% OPERATING MARGIN
74.55%
50.98% NET MARGIN
50.98%
14.05% ROE
14.05%
6.52% ROA
6.52%
9.60% ROIC
9.60%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Trinity Capital Inc.
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00(50m)(50m)(100m)(100m)(150m)(150m)(200m)(200m)(250m)(250m)(300m)(300m)(350m)(350m)202020202021202120222022202320232024202420252025
Net Income 116 M
Depreciation & Amortization -9.48 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital 0
Others -309 M
Free Cash Flow -317 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Trinity Capital Inc.
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Wall Street analysts predict an average 1-year price target for TRIN of $13 , with forecasts ranging from a low of $13 to a high of $13 .
TRIN Lowest Price Target Wall Street Target
13 USD -6.68%
TRIN Average Price Target Wall Street Target
13 USD -6.68%
TRIN Highest Price Target Wall Street Target
13 USD -6.68%
Price
Max Price Target
Min Price Target
Average Price Target
1717161616161515151514141414131313131212Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
3.39% DIVIDEND YIELD
0.51 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.502.502.002.001.501.501.001.000.500.500.000.000.280.550.470.510.510.290.570.530.510.330.60.540.510.271.170.362.080.612.150.52.030.511.020.00202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 13
6. Ownership
Insider Ownership Trinity Capital Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
79.7 K USD 1
3-6 MONTHS
422 K USD 4
6-9 MONTHS
49.5 K USD 1
9-12 MONTHS
7. News
Trinity Capital Inc. Reports First Quarter 2025 Financial Results Total Investment Income grows 29.5% year-over-year Net Asset Value reaches new high of $833 million Return on Average Equity registers at 15.5% PHOENIX , May 7, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "the Company"), a leading alternative asset manager, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total investment income of $65.4 million, an increase of 29.5% year-over-year Net investment income ("NII") of $32.4 million, or $0.52 per basic share Net increase in net assets resulting from operations of $27.1 million, or $0.43 per basic share 15.5% Return on Average Equity "ROAE" (NII/Average Equity) 7.1% Return on Average Assets "ROAA" (NII/Average Assets) Net Asset Value of $833.4 million, or $13.05 per share at the end of Q1 Total gross investment commitments of $185.9 million Total gross investments funded of $220.4 million, which was comprised of $94.8 million in six new portfolio companies and $125.6 million in 19 existing portfolio companies Total investment exits and repayments of $157.1 million, including $62.4 million from scheduled/amortizing debt payments, $59.1 million from early debt repayments and refinancings, $35.4 million from investments sold to multi-sector holdings, and $0.2 million from warrant and equity sales 21st consecutive quarter of a consistent or increased regular dividend, with a first quarter distribution of $0.51 per share "Trinity Capital delivered another strong quarter to kick off 2025, underscoring our disciplined underwriting, active portfolio management, and diversified investment strategies," said Kyle Brown, Trinity Capital's Chief Executive Officer. prnewswire.com - 1 week ago
Trinity Capital Inc. Receives New Investment Grade Rating from Moody's Moody's assigns to Trinity Capital an investment grade long-term issuer rating of Baa3 with a stable outlook PHOENIX , May 5, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "the Company"), a leading alternative asset manager, is pleased to announce that Moody's Investors Services, Inc. ("Moody's") has assigned to the Company a new investment grade long-term issuer rating of Baa3 with a stable outlook. Factors cited by Moody's in initiating its rating include Trinity Capital's investment expertise, growing performance record since inception, relatively low reliance on secured funding sources, and good capitalization and liquidity. prnewswire.com - 2 weeks ago
Trinity Capital: A 13% Venture-Backed Dividend Yield Trinity Capital maintains a stable 13.8% dividend yield with a 3-year CAGR of 8.4%, supported by strong NAV growth and earnings spillover. TRIN's NAV per share increased sequentially, driven by net investment income and realized gains. Net investment income provided 114% dividend coverage. Trading at a 10.7% premium to NAV, there is downside risk amid recession fears, but the BDC's portfolio is well-diversified with a focus on secured loans. seekingalpha.com - 3 weeks ago
BDC Weekly Review: Q2 Guidance Starts To Trickle In We take a look at the action in business development companies through the third week of April and highlight some of the key themes we are watching. BDCs rallied with a 4% gain over a holiday-shortened week, though the sector remains down month-to-date, with GAIN outperforming. Q1 guidance is coming in: MAIN expects a record NAV, while CSWC anticipates a 14% drop in NII but a slight NAV increase. seekingalpha.com - 3 weeks ago
2 High Yielding BDCs For An Income Investor's Portfolio During the latest market volatility, I had been adding to several of my positions. Several of these included adding to my more traditional dividend growth names. However, I also took advantage of the downturn by adding to 2 BDCs, as they saw their yields spike even higher. seekingalpha.com - 3 weeks ago
Trinity Capital Inc. Funds $220 Million of Investments in the First Quarter of 2025 Company originates $186 million of new commitments in the first quarter of 2025 PHOENIX , April 9, 2025 /PRNewswire/ -- Trinity Capital Inc.  (Nasdaq: TRIN) (the "Company"), a leading alternative asset manager, today announced a portfolio update for the first quarter of 2025. Trinity Capital funded $220 million of total investments and originated $186 million of new commitments in the first quarter of 2025. prnewswire.com - 1 month ago
Buy Alert: Trinity Capital Now Offers A 14% Covered Yield Trinity Capital's stock price drop presents a buying opportunity, with a 14% yield supported by strong net investment income and potential for dividend growth in 2025. Key investment pillars include positive interest rate sensitivity, robust dividends, and specialized financing solutions, particularly in the equipment market. Trinity Capital's total investment income surged 48% YoY in 4Q24, with a portfolio value increase of 35%, indicating a strong margin of safety. seekingalpha.com - 1 month ago
Trinity Capital's 13% Dividend: Is It Too Good to Be True? CEO Responds In this episode, I sit down with Kyle Brown, CEO of Trinity Capital, and discuss how this high-yield powerhouse makes money, delivers consistent shareholder value, and keeps that eye-popping 13% dividend flowing. fool.com - 1 month ago
Trinity Capital Inc. Provides Details for First Quarter 2025 Financial Results and Earnings Call PHOENIX , April 3, 2025 /PRNewswire/ -- Trinity Capital Inc.  (Nasdaq: TRIN) (the "Company"), a leading international alternative asset manager, today announced that it will release its first quarter 2025 financial results at 8:00 a.m. ET on Wednesday, May 7, 2025. prnewswire.com - 1 month ago
Trinity Capital Inc. Provides $68.75 Million in Growth Capital to CMR Surgical PHOENIX , April 2, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) (the "Company"), a leading alternative asset manager, today announced the commitment of up to $68.75 million in growth capital to CMR Surgical, a global medical devices company dedicated to transforming surgery with the Versius Surgical Robotic System (Versius), a versatile and adaptable soft-tissue surgical robot. The investment forms part of the company's recently closed financing round of more than $200 million. prnewswire.com - 1 month ago
Yield Hunting Part 16: Trinity Capital's Baby Bonds And 7%-Plus Yield To Call Trinity Capital's baby bonds offer yields over 2% above sector benchmarks, with stable common stock performance and investment-grade equivalent balance sheet. TRIN's bonds, TRINI and TRINZ, show attractive yields to maturity and call, outperforming comparable sector bonds in our low-duration portfolio. TRIN's credit score, based on a modified Moody's methodology, is A2, reflecting strong asset quality, leverage, and debt structure. seekingalpha.com - 1 month ago
Risk-Off Mode In The BDC Market: 1 Overrated And 1 Underrated Pick BDCs are meant to provide high-dividends, while preserving NAV. However, given the signs both in the stock market and in the real economy on the ground, BDC investors have to be extra careful. Currently, BDCs face several headwinds, which increase the risk of dividend cuts and price declines, especially within the more speculative and high-multiple segments. seekingalpha.com - 1 month ago
8. Profile Summary

Trinity Capital Inc. TRIN

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COUNTRY US
INDUSTRY Asset Management
MARKET CAP $ 901 M
Dividend Yield 3.39%
Description Trinity Capital Inc. is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc. was founded in 2019 is based in Phoenix, Arizona with additional offices in Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.
Contact 1 N. 1st Street, Phoenix, AZ, 85004-2357 https://www.trincapinvestment.com
IPO Date Jan. 29, 2021
Employees 58
Officers Ms. Sarah Stanton J.D. Chief Compliance Officer, General Counsel & Secretary Mr. Richard Nelson Senior Technology Director Mr. Robert D'Acquisto Managing Director of Tech Lending Mr. Vibhor Garg Managing Director of Marketing Ms. Rachel Bloomer Director of Human Resources Mr. Ben Malcolmson Head of Investor Relations Mr. Ronald Kundich Chief Credit Officer Mr. Kyle Steven Brown Chief Executive Officer, President, Chief Investment Officer & Director Mr. Steven Louis Brown Founder & Executive Chairman Mr. Gerald Harder Chief Operating Officer