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Trinity Capital Inc. 7.875% Notes due 2029 (TRINZ) Financials

$25.48 +0.02 (+0.06%)
As of 01:50 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.
Annual Income Statements for Trinity Capital Inc. 7.875% Notes due 2029

Annual Income Statements for Trinity Capital Inc. 7.875% Notes due 2029

This table shows Trinity Capital Inc. 7.875% Notes due 2029's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -6.11 132 -10 69 113
Consolidated Net Income / (Loss)		 -6.11 132 -10 77 116
Net Income / (Loss) Continuing Operations		 -6.11 132 -10 69 113
Total Pre-Tax Income 		-6.11 52 -10 69 113
Total Revenue		 34 89 0.00 251 355
Net Interest Income / (Expense)		 23 77 0.00 90 116
Total Interest Income		 55 77 0.00 90 116
Investment Securities Interest Income		 43 77 - 90 116
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 -9.40 13 0.00 161 239
Other Service Charges		 - - - 7.02 11
Net Realized & Unrealized Capital Gains on Investments		 -9.40 13 - 154 228
Total Non-Interest Expense		 40 38 10 181 241
Salaries and Employee Benefits		 10 16 - 33 44
Other Operating Expenses		 14 1.68 10 59 78
Other Special Charges		 - 20 - 89 120
Basic Earnings per Share		 ($0.34) $5.09 - $1.98 $2.19
Weighted Average Basic Shares Outstanding		 18.09M 25.98M 31.67M 38.91M 52.71M
Diluted Earnings per Share		 ($0.34) $4.64 - $1.89 $2.10
Weighted Average Diluted Shares Outstanding		 18.09M 29.32M 31.67M 42.71M 56.73M
Weighted Average Basic & Diluted Shares Outstanding		 - - 31.67M 46.44M 62.83M

Quarterly Income Statements for Trinity Capital Inc. 7.875% Notes due 2029

This table shows Trinity Capital Inc. 7.875% Notes due 2029's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -12 19 22 18 15 13 13 28 22 49 24
Consolidated Net Income / (Loss)		 -12 19 22 20 17 18 15 31 24 46 27
Net Income / (Loss) Continuing Operations		 -12 19 22 18 15 13 13 28 22 49 24
Total Pre-Tax Income 		-12 19 19 -6.03 20 36 25 17 13 57 27
Total Revenue		 8.06 -25 41 18 43 149 51 45 45 212 61
Net Interest Income / (Expense)		 19 -50 41 45 45 -41 49 52 59 -45 63
Total Interest Income		 39 -101 41 45 45 -41 49 52 59 -45 63
Investment Securities Interest Income		 8.66 - 41 45 45 -41 49 52 59 -45 63
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 -0.60 -42 -0.37 -27 -1.87 190 1.35 -6.49 -14 258 -2.15
Net Realized & Unrealized Capital Gains on Investments		 -0.60 - -0.37 -27 -1.87 183 1.35 -6.49 -14 247 -2.15
Total Non-Interest Expense		 20 -44 22 24 23 113 25 28 33 156 33
Salaries and Employee Benefits		 7.32 - 7.62 8.35 8.69 8.43 9.86 9.94 12 12 11
Other Operating Expenses		 13 -23 2.96 3.61 3.56 49 3.29 4.07 4.14 67 5.11
Other Special Charges		 - - 11 12 11 56 12 14 17 77 18
Other Gains / (Losses), net		 - - 3.52 24 -4.72 - -12 11 8.92 - -3.14
Basic Earnings per Share		 ($0.36) - $0.64 $0.55 $0.42 $0.37 $0.31 $0.61 $0.45 $0.82 $0.43
Weighted Average Basic Shares Outstanding		 33.10M 31.67M 35.07M 36.02M 40.12M 38.91M 46.75M 50.16M 54.41M 52.71M 62.56M
Diluted Earnings per Share		 ($0.36) - $0.60 $0.52 $0.40 $0.37 $0.30 $0.59 $0.43 $0.78 $0.43
Weighted Average Diluted Shares Outstanding		 36.54M 31.67M 38.74M 39.69M 43.85M 42.71M 50.60M 54.06M 58.37M 56.73M 62.56M
Weighted Average Basic & Diluted Shares Outstanding		 35.17M 31.67M 35.97M 36.76M 43.63M 46.44M 49.48M 53.37M 58.91M 62.83M 64.65M

Annual Cash Flow Statements for Trinity Capital Inc. 7.875% Notes due 2029

This table details how cash moves in and out of Trinity Capital Inc. 7.875% Notes due 2029's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 61 -14 -36 -5.85 4.87
Net Cash From Operating Activities		 -58 -242 -236 -96 -317
Net Cash From Continuing Operating Activities		 -58 -242 -236 -96 -317
Net Income / (Loss) Continuing Operations		 -6.11 132 -30 77 116
Consolidated Net Income / (Loss)		 -6.11 132 -30 77 116
Amortization Expense		 -8.71 -17 -28 -29 -34
Non-Cash Adjustments to Reconcile Net Income		 -49 -358 -183 -139 -400
Changes in Operating Assets and Liabilities, net		 6.04 0.73 5.69 -5.46 1.95
Net Cash From Investing Activities		 -92 -1.20 -0.19 -2.74 -0.42
Net Cash From Continuing Investing Activities		 -92 -1.20 -0.19 -2.74 -0.42
Purchase of Investment Securities		 -92 -1.20 -0.19 -2.74 -0.42
Net Cash From Financing Activities		 211 229 200 93 322
Net Cash From Continuing Financing Activities		 211 229 200 93 322
Issuance of Debt		 204 377 380 420 1,188
Issuance of Common Equity		 125 105 113 150 200
Repayment of Debt		 -97 -228 -230 -395 -959
Repurchase of Common Equity		 0.00 0.00 -2.01 -1.00 0.00
Payment of Dividends		 -10 -25 -61 -79 -103
Other Financing Activities, Net		 -11 -0.14 -1.03 -2.82 -3.73
Cash Interest Paid		 13 14 29 40 55
Cash Income Taxes Paid		 0.00 0.00 0.28 2.30 2.60

Quarterly Cash Flow Statements for Trinity Capital Inc. 7.875% Notes due 2029

This table details how cash moves in and out of Trinity Capital Inc. 7.875% Notes due 2029's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 21 -24 -2.27 3.92 -5.04 -2.47 7.21 34 -38 1.09 -1.24
Net Cash From Operating Activities		 11 -51 21 -36 55 -136 -81 -22 -232 18 -63
Net Cash From Continuing Operating Activities		 11 -51 21 -36 55 -136 -81 -22 -232 18 -63
Net Income / (Loss) Continuing Operations		 -12 -1.59 22 20 17 18 15 31 24 46 27
Consolidated Net Income / (Loss)		 -12 -1.59 22 20 17 18 15 31 24 46 27
Amortization Expense		 -7.11 -7.46 -5.61 -7.35 -7.73 -7.98 -6.10 -7.10 -8.76 -12 -9.77
Non-Cash Adjustments to Reconcile Net Income		 19 -42 11 -46 43 -147 -79 -50 -249 -22 -53
Changes in Operating Assets and Liabilities, net		 11 0.27 -7.45 -2.91 3.79 1.11 -11 4.11 1.34 7.25 -27
Net Cash From Investing Activities		 -0.13 -0.09 -0.34 -1.13 -0.75 -0.53 -0.03 -0.13 -0.13 -0.14 -0.11
Net Cash From Continuing Investing Activities		 -0.13 -0.09 -0.34 -1.13 -0.75 -0.53 -0.03 -0.13 -0.13 -0.14 -0.11
Purchase of Investment Securities		 -0.13 -0.09 -0.34 -1.13 -0.75 -0.53 -0.03 -0.13 -0.13 -0.14 -0.11
Net Cash From Financing Activities		 10 27 -23 41 -60 134 89 56 195 -17 62
Net Cash From Continuing Financing Activities		 10 27 -23 41 -60 134 89 56 195 -17 62
Issuance of Debt		 135 62 54 93 68 205 260 192 437 299 401
Issuance of Common Equity		 55 - 4.05 9.54 92 45 24 47 79 50 30
Repayment of Debt		 -163 -12 -58 -45 -200 -92 -171 -157 -295 -336 -337
Repurchase of Common Equity		 0.38 -2.01 -1.00 - - - 0.00 - - - 0.00
Payment of Dividends		 -40 -20 -21 -16 -19 -23 -23 -24 -26 -29 -31
Other Financing Activities, Net		 23 -0.26 -1.05 -0.53 -0.60 -0.64 -1.58 -0.80 -0.80 -0.55 -1.70
Cash Interest Paid		 7.88 8.89 9.58 11 10 9.15 10 11 1.97 32 14
Cash Income Taxes Paid		 - -0.03 2.30 - - - 2.52 - 0.08 0.00 2.72

Annual Balance Sheets for Trinity Capital Inc. 7.875% Notes due 2029

This table presents Trinity Capital Inc. 7.875% Notes due 2029's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 1,704 1,126 1,311 1,774
Cash and Due from Banks		 - 11 4.76 9.63
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00
Deferred Acquisition Cost		 - 2.90 2.14 6.59
Other Assets		 1,704 1,117 29 122
Total Liabilities & Shareholders' Equity		 -182,069 1,126 1,311 1,774
Total Liabilities		 -182,069 667 700 951
Non-Interest Bearing Deposits		 - 15 12 8.47
Short-Term Debt		 - 188 213 113
Long-Term Debt		 -182,263 423 427 765
Other Long-Term Liabilities		 194 41 48 65
Commitments & Contingencies		 - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.00 460 611 823
Total Preferred & Common Equity		 0.00 460 611 823
Total Common Equity		 0.00 460 611 823
Common Stock		 - 481 634 830
Retained Earnings		 - -21 -23 -6.71

Quarterly Balance Sheets for Trinity Capital Inc. 7.875% Notes due 2029

This table presents Trinity Capital Inc. 7.875% Notes due 2029's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 1,097 1,123 1,189 1,151 1,410 1,505 1,735 1,857
Cash and Due from Banks		 34 8.34 12 7.23 12 46 8.54 8.39
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Acquisition Cost		 3.09 2.71 2.52 2.33 1.96 1.77 5.94 6.23
Other Assets		 27 21 1,178 1,144 1,398 1,459 1,722 53
Total Liabilities & Shareholders' Equity		 1,097 1,123 1,189 1,151 1,410 1,505 1,735 1,857
Total Liabilities		 614 654 707 581 783 825 978 1,024
Non-Interest Bearing Deposits		 15 15 15 14 11 11 9.39 7.02
Short-Term Debt		 138 184 232 100 190 255 290 392
Long-Term Debt		 422 424 425 426 539 510 623 567
Other Long-Term Liabilities		 40 31 35 41 43 49 56 58
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 482 470 482 569 626 680 757 833
Total Preferred & Common Equity		 482 470 482 569 626 680 757 833
Total Common Equity		 482 470 482 569 626 680 757 833
Common Stock		 488 485 497 591 659 709 790 846
Retained Earnings		 -5.23 -15 -15 -21 -33 -29 -34 -12

Annual Metrics And Ratios for Trinity Capital Inc. 7.875% Notes due 2029

This table displays calculated financial ratios and metrics derived from Trinity Capital Inc. 7.875% Notes due 2029's official financial filings.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 165.89% -100.00% 0.00% 41.51%
EBITDA Growth		 0.00% 332.92% -211.82% 205.36% 94.45%
EBIT Growth		 0.00% 946.53% -119.69% 780.72% 63.34%
NOPAT Growth		 0.00% 1,309.33% -113.78% 1,072.46% 63.34%
Net Income Growth		 0.00% 2,264.92% -107.70% 854.74% 50.33%
EPS Growth		 0.00% 1,464.71% 0.00% 0.00% 11.11%
Operating Cash Flow Growth		 0.00% -315.06% 2.45% 59.17% -229.22%
Free Cash Flow Firm Growth		 0.00% 0.00% 129.63% -125.75% -202.76%
Invested Capital Growth		 0.00% 0.00% -29.08% 16.87% 35.97%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 122.44% 774.57%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 6,064.81% 532.72%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 152.54% 871.37%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 152.54% 871.37%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 33.49% 8,028.40%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 26.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 26.88% -805.81% 32.81%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 79.69%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 1.87%
Profitability Metrics		 - - - - -
EBITDA Margin		 -44.12% 38.65% 0.00% 16.23% 22.30%
EBIT Margin		 -18.19% 57.92% 0.00% 27.66% 31.93%
Profit (Net Income) Margin		 -18.19% 148.12% 0.00% 30.67% 32.58%
Tax Burden Percent		 100.00% 255.74% 100.00% 110.87% 102.04%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 6.86% 0.00% 5.98% 7.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 17.54% 0.00% 7.18% 7.98%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 8.39% 8.44%
Return on Equity (ROE)		 0.00% 0.00% -4.43% 14.36% 16.12%
Cash Return on Invested Capital (CROIC)		 0.00% -193.14% 33.48% -9.58% -22.81%
Operating Return on Assets (OROA)		 0.00% 3.04% 0.00% 5.69% 7.34%
Return on Assets (ROA)		 0.00% 7.77% 0.00% 6.31% 7.49%
Return on Common Equity (ROCE)		 0.00% 0.00% -4.43% 14.36% 16.12%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% -2.22% 12.58% 14.05%
Net Operating Profit after Tax (NOPAT)		 -4.28 52 -7.13 69 113
NOPAT Margin		 -12.73% 57.92% 0.00% 27.66% 31.93%
Net Nonoperating Expense Percent (NNEP)		 0.00% -10.68% 0.29% -1.21% -0.31%
SG&A Expenses to Revenue		 31.05% 17.37% 0.00% 13.20% 12.27%
Operating Expenses to Revenue		 118.19% 42.08% 0.00% 72.34% 68.07%
Earnings before Interest and Taxes (EBIT)		 -6.11 52 -10 69 113
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -15 35 -39 41 79
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.63 0.90 1.04
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.63 0.90 1.04
Price to Revenue (P/Rev)		 0.00 0.00 0.00 2.19 2.40
Price to Earnings (P/E)		 0.00 0.00 0.00 7.93 7.52
Dividend Yield		 0.00% 11.28% 21.13% 15.40% 14.10%
Earnings Yield		 0.00% 0.00% 0.00% 12.62% 13.29%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.83 0.95 1.01
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 4.73 4.85
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 29.12 21.75
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 17.08 15.19
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 17.08 15.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 2.06 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 0.00 1.33 1.05 1.07
Long-Term Debt to Equity		 0.00 0.00 0.92 0.70 0.93
Financial Leverage		 0.00 0.00 4.61 1.17 1.06
Leverage Ratio		 0.00 0.00 6.16 2.28 2.15
Compound Leverage Factor		 0.00 0.00 6.16 2.28 2.15
Debt to Total Capital		 0.00% 100.00% 57.05% 51.14% 51.61%
Short-Term Debt to Total Capital		 0.00% 0.00% 17.52% 17.03% 6.64%
Long-Term Debt to Total Capital		 0.00% 100.00% 39.53% 34.11% 44.96%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 42.95% 48.86% 48.39%
Debt to EBITDA		 0.00 -5,278.25 -15.81 15.72 11.10
Net Debt to EBITDA		 0.00 -5,278.25 -15.54 15.61 10.97
Long-Term Debt to EBITDA		 0.00 -5,278.25 -10.96 10.49 9.67
Debt to NOPAT		 0.00 -3,522.68 -85.62 9.22 7.75
Net Debt to NOPAT		 0.00 -3,522.68 -84.13 9.15 7.66
Long-Term Debt to NOPAT		 0.00 -3,522.68 -59.33 6.15 6.75
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,457 432 -111 -337
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.05 0.00 0.21 0.23
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 0.00 1,509 1,070 1,251 1,701
Invested Capital Turnover		 0.00 0.12 0.00 0.22 0.24
Increase / (Decrease) in Invested Capital		 0.00 1,509 -439 181 450
Enterprise Value (EV)		 0.00 0.00 888 1,185 1,720
Market Capitalization		 0.00 0.00 288 550 852
Book Value per Share		 $0.00 $0.00 $13.07 $14.01 $13.97
Tangible Book Value per Share		 $0.00 $0.00 $13.07 $14.01 $13.97
Total Capital		 0.00 -182,263 1,070 1,251 1,701
Total Debt		 0.00 -182,263 611 640 878
Total Long-Term Debt		 0.00 -182,263 423 427 765
Net Debt		 0.00 -182,263 600 635 868
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 1.83 -81 3.06 -7.54 -2.32
Net Nonoperating Obligations (NNO)		 0.00 1,509 611 640 878
Total Depreciation and Amortization (D&A)		 -8.71 -17 -28 -29 -34
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.96) $1.98 $2.19
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 31.67M 38.91M 52.71M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.96) $1.89 $2.10
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 35.19M 42.71M 56.73M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $2.14 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 34.92M 46.44M 62.83M
Normalized Net Operating Profit after Tax (NOPAT)		 6.30 50 -7.13 111 163
Normalized NOPAT Margin		 18.76% 56.52% 0.00% 44.32% 45.96%
Pre Tax Income Margin		 -18.19% 57.92% 0.00% 27.66% 31.93%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 -169.34% 18.84% -600.27% 102.48% 88.70%
Augmented Payout Ratio		 -169.34% 18.84% -619.95% 103.79% 88.70%

Quarterly Metrics And Ratios for Trinity Capital Inc. 7.875% Notes due 2029

This table displays calculated financial ratios and metrics derived from Trinity Capital Inc. 7.875% Notes due 2029's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -88.61% 0.00% 289.26% 78.80% 435.64% 690.06% 27.06% 153.09% 4.97% 42.62% 19.27%
EBITDA Growth		 -131.79% 0.00% 181.39% 6.10% 164.94% 153.91% 52.87% 177.37% -67.62% 56.63% -10.38%
EBIT Growth		 -119.97% 0.00% 309.22% 21.92% 267.79% 95.06% 39.77% 389.40% -36.53% 55.85% 6.53%
NOPAT Growth		 -113.98% 0.00% 398.89% 21.92% 339.70% 95.06% 39.77% 513.43% -36.53% 55.85% 6.53%
Net Income Growth		 -115.90% 0.00% 348.05% 357.44% 240.18% -4.82% -35.48% 55.05% 45.06% 159.04% 86.70%
EPS Growth		 -138.30% 0.00% 281.82% 308.00% 211.11% 0.00% -50.00% 13.46% 7.50% 110.81% 43.33%
Operating Cash Flow Growth		 0.00% 63.07% 139.62% 74.80% 418.38% -168.79% -492.37% 39.41% -518.16% 113.50% 22.19%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 200.55% 0.00% -11,293.53% -33,717.70% -176.72% -172.68% 69.04%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% -100.00% 16.87% 18,843.82% 0.00% 0.00% 35.97% 32.22%
Revenue Q/Q Growth		 -19.58% -413.33% 269.20% -55.89% 140.91% 245.16% 9.29% -12.13% -0.08% 368.98% -71.52%
EBITDA Q/Q Growth		 -34.11% 158.33% 202.20% -200.19% 192.75% 128.08% 28.22% -49.29% -61.18% 1,003.11% -60.88%
EBIT Q/Q Growth		 -55.38% 255.00% 438.14% -131.79% 433.91% 80.19% 10.90% -34.17% -26.77% 342.47% -52.06%
NOPAT Q/Q Growth		 -55.38% 321.43% 583.05% -122.26% 577.02% 80.19% 10.90% -34.17% -26.77% 342.47% -52.06%
Net Income Q/Q Growth		 -55.38% 255.00% 1,516.89% -11.58% -15.40% 5.25% -18.05% 112.49% -20.85% 87.95% -40.94%
EPS Q/Q Growth		 -44.00% 0.00% 3,100.00% -13.33% -23.08% -7.50% -18.92% 96.67% -27.12% 81.40% -44.87%
Operating Cash Flow Q/Q Growth		 107.47% -573.95% 140.89% -274.14% 253.58% -345.76% 40.31% 73.11% -959.90% 107.93% -444.13%
Free Cash Flow Firm Q/Q Growth		 0.00% 100.00% 0.00% -135.74% 51,254.91% -106.68% -8.43% -4,962.04% -12,041.20% 76.26% -4.14%
Invested Capital Q/Q Growth		 0.00% -49.97% -6.81% -100.00% 0.00% 0.00% 8.38% 33,463.21% 46,556.82% 1.87% 5.39%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -237.08% 0.00% 32.87% -74.66% 28.74% 18.99% 39.55% 22.82% 8.87% 20.86% 28.65%
EBIT Margin		 -148.90% 0.00% 46.69% -33.65% 46.64% 24.35% 51.36% 38.48% 28.20% 26.61% 44.79%
Profit (Net Income) Margin		 -148.90% 0.00% 55.36% 110.96% 38.97% 11.88% 28.11% 67.98% 53.85% 21.58% 44.76%
Tax Burden Percent		 100.00% 100.00% 118.56% -329.72% 83.54% 48.80% 54.73% 176.65% 190.94% 81.11% 99.92%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 4.92% 5.26% 12.05% 2.05% 1.37% 6.40% 10.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 4.61% 2.29% 8.80% 5.54% 3.92% 4.99% 10.37%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 2.67% 10.34% 6.24% 4.72% 5.28% 12.00%
Return on Equity (ROE)		 0.00% -4.43% 0.00% 0.00% 0.00% 7.93% 22.40% 8.28% 6.09% 11.67% 22.37%
Cash Return on Invested Capital (CROIC)		 0.00% 40.35% 0.00% 0.00% 0.00% -9.58% -188.43% -197.37% -198.60% -22.81% -20.44%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 4.91% 5.01% 11.59% 1.96% 1.32% 6.12% 10.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 4.11% 2.44% 6.35% 3.47% 2.52% 4.96% 9.99%
Return on Common Equity (ROCE)		 0.00% -4.43% 0.00% 0.00% 0.00% 7.93% 22.40% 8.28% 6.09% 11.67% 22.37%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 11.00% -1.33% -0.19% 0.00% 15.38%
Net Operating Profit after Tax (NOPAT)		 -8.40 19 19 -4.22 20 36 27 17 13 57 27
NOPAT Margin		 -104.23% 0.00% 46.69% -23.56% 46.64% 24.35% 51.36% 38.48% 28.20% 26.61% 44.79%
Net Nonoperating Expense Percent (NNEP)		 0.34% 0.00% -98.38% 0.00% 0.31% 2.97% 3.26% -3.50% -2.55% 1.41% 0.00%
SG&A Expenses to Revenue		 90.77% 0.00% 18.75% 46.60% 20.14% 5.66% 19.11% 21.93% 25.44% 5.73% 17.59%
Operating Expenses to Revenue		 248.90% 0.00% 53.31% 133.65% 53.36% 75.65% 48.64% 61.52% 71.80% 73.39% 55.21%
Earnings before Interest and Taxes (EBIT)		 -12 19 19 -6.03 20 36 27 17 13 57 27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -19 11 13 -13 12 28 20 10 4.02 44 17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.63 0.00 0.00 0.00 0.90 0.92 0.96 0.92 1.04 1.14
Price to Tangible Book Value (P/TBV)		 0.00 0.63 0.00 0.00 0.00 0.90 0.92 0.96 0.92 1.04 1.14
Price to Revenue (P/Rev)		 0.00 0.00 0.00 4.96 3.81 2.19 3.59 16.94 17.24 2.40 2.61
Price to Earnings (P/E)		 0.00 0.00 0.00 16.57 8.47 7.93 8.97 0.00 0.00 7.52 7.69
Dividend Yield		 18.35% 21.13% 18.22% 17.37% 16.27% 15.40% 15.03% 15.28% 15.49% 14.10% 13.46%
Earnings Yield		 0.00% 0.00% 0.00% 6.04% 11.80% 12.62% 11.14% 0.00% 0.00% 13.29% 13.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.83 48.22 0.00 0.00 0.95 0.95 0.95 0.96 1.01 1.06
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 4.92 3.78 4.73 8.08 35.65 39.53 4.85 5.22
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 29.12 36.54 0.00 0.00 21.75 24.69
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 15.53 17.08 20.03 72.01 137.49 15.19 16.56
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 15.53 17.08 20.03 72.01 137.49 15.19 16.56
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 1.33 0.00 0.00 0.00 1.05 1.16 1.12 1.21 1.07 1.15
Long-Term Debt to Equity		 0.00 0.92 0.00 0.00 0.00 0.70 0.86 0.75 0.82 0.93 0.68
Financial Leverage		 0.00 1.33 0.00 0.00 0.00 1.17 1.18 1.12 1.21 1.06 1.16
Leverage Ratio		 0.00 6.16 0.00 0.00 0.00 2.28 2.26 2.21 2.29 2.15 2.24
Compound Leverage Factor		 0.00 6.16 0.00 0.00 0.00 2.28 2.26 2.21 2.29 2.15 2.24
Debt to Total Capital		 100.00% 57.05% 0.00% 100.00% 100.00% 51.14% 53.80% 52.94% 54.67% 51.61% 53.50%
Short-Term Debt to Total Capital		 0.00% 17.52% 0.00% 0.00% 0.00% 17.03% 14.02% 17.63% 17.37% 6.64% 21.87%
Long-Term Debt to Total Capital		 100.00% 39.53% 0.00% 100.00% 100.00% 34.11% 39.78% 35.31% 37.29% 44.96% 31.63%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 42.95% 0.00% 0.00% 0.00% 48.86% 46.20% 47.06% 45.33% 48.39% 46.50%
Debt to EBITDA		 0.00 -15.81 0.00 0.10 4.05 15.72 20.63 -77.33 -49.92 11.10 12.44
Net Debt to EBITDA		 0.00 -15.54 0.00 0.10 4.05 15.61 20.29 -72.67 -49.46 10.97 12.33
Long-Term Debt to EBITDA		 0.00 -10.96 0.00 0.10 4.05 10.49 15.25 -51.58 -34.06 9.67 7.35
Debt to NOPAT		 0.00 -85.62 0.00 0.96 -0.10 9.22 11.30 40.22 78.25 7.75 8.34
Net Debt to NOPAT		 0.00 -84.13 0.00 0.96 -0.10 9.15 11.12 37.79 77.52 7.66 8.27
Long-Term Debt to NOPAT		 0.00 -59.33 0.00 0.96 -0.10 6.15 8.36 26.83 53.39 6.75 4.93
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,148 0.00 12 -4.22 2,159 -144 -1,322 -1,427 -1,657 -393 -410
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.11 0.21 0.23 0.05 0.05 0.23 0.22
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,139 1,070 7.16 0.00 0.00 1,251 1,356 1,445 1,669 1,701 1,792
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.11 0.22 0.23 0.05 0.05 0.24 0.23
Increase / (Decrease) in Invested Capital		 2,139 0.00 7.16 0.00 -2,139 181 1,348 1,445 1,669 450 437
Enterprise Value (EV)		 0.00 888 345 382 426 1,185 1,292 1,370 1,603 1,720 1,903
Market Capitalization		 0.00 288 345 385 429 550 575 651 699 852 953
Book Value per Share		 $0.00 $13.07 $0.00 $0.00 $0.00 $14.01 $13.40 $13.74 $14.18 $13.97 $13.26
Tangible Book Value per Share		 $0.00 $13.07 $0.00 $0.00 $0.00 $14.01 $13.40 $13.74 $14.18 $13.97 $13.26
Total Capital		 -1,488 1,070 0.00 -3.14 -2.76 1,251 1,356 1,445 1,669 1,701 1,792
Total Debt		 -1,488 611 0.00 -3.14 -2.76 640 729 765 913 878 959
Total Long-Term Debt		 -1,488 423 0.00 -3.14 -2.76 427 539 510 623 765 567
Net Debt		 -1,488 600 0.00 -3.14 -2.76 635 717 719 904 868 951
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 3.60 0.00 -3.52 -24 3.31 19 12 -13 -12 11 0.02
Net Nonoperating Obligations (NNO)		 2,139 611 7.16 0.00 0.00 640 729 765 913 878 959
Total Depreciation and Amortization (D&A)		 -7.11 -7.46 -5.61 -7.35 -7.73 -7.98 -6.10 -7.10 -8.76 -12 -9.77
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.36) $0.00 $0.64 $0.55 $0.42 $0.37 $0.31 $0.61 $0.45 $0.82 $0.43
Adjusted Weighted Average Basic Shares Outstanding		 33.10M 31.67M 35.07M 36.02M 40.12M 38.91M 46.75M 50.16M 54.41M 52.71M 62.56M
Adjusted Diluted Earnings per Share		 ($0.36) $0.00 $0.60 $0.52 $0.40 $0.37 $0.30 $0.59 $0.43 $0.78 $0.43
Adjusted Weighted Average Diluted Shares Outstanding		 36.54M 31.67M 38.74M 39.69M 43.85M 42.71M 50.60M 54.06M 58.37M 56.73M 62.56M
Adjusted Basic & Diluted Earnings per Share		 $1.09 $0.00 $0.00 $0.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 35.17M 31.67M 35.97M 36.76M 43.63M 46.44M 49.48M 53.37M 58.91M 62.83M 64.65M
Normalized Net Operating Profit after Tax (NOPAT)		 -8.40 13 21 4.17 22 64 27 22 21 93 31
Normalized NOPAT Margin		 -104.23% 0.00% 51.78% 23.26% 50.14% 43.14% 52.43% 48.37% 45.80% 43.91% 51.78%
Pre Tax Income Margin		 -148.90% 0.00% 46.69% -33.65% 46.64% 24.35% 51.36% 38.48% 28.20% 26.61% 44.79%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -600.27% 0.00% 338.20% 132.46% 102.48% 117.48% -986.15% -6,609.60% 88.70% 86.50%
Augmented Payout Ratio		 0.00% -619.95% 0.00% 347.35% 137.68% 103.79% 117.48% -986.15% -6,609.60% 88.70% 86.50%

Key Financial Trends

Trinity Capital Inc. (NASDAQ: TRIN) has demonstrated notable financial trends over the past four years through its income, cash flow, and balance sheet statements.

Positive Developments:

  • Consistent growth in consolidated net income, rising from $22.5 million in Q1 2023 to $27.1 million in Q1 2025, indicating improving profitability.
  • Increasing basic and diluted earnings per share (EPS), with basic EPS going from $0.31 in Q1 2024 to $0.43 in Q1 2025, suggesting enhanced shareholder value.
  • Substantial equity growth, with total common equity increasing from approximately $470 million in Q1 2023 to $833 million in Q1 2025, reflecting strengthened capitalization.
  • Net interest income remains consistently positive and growing, reaching $62.7 million in Q1 2025, supporting core earnings stability.
  • Steady issuance and repayment of debt aligned with financing needs, with a healthy balance between issuing $401 million and repaying $337 million in Q1 2025, showing prudent liquidity management.
  • Dividend payments have been maintained steadily each quarter, demonstrating return of value to shareholders.

Neutral Observations:

  • Net realized and unrealized capital gains on investments fluctuated significantly quarter-to-quarter, sometimes negative as in Q1 2025 (-$2.15 million) and positive in previous quarters, reflecting market variability effects on income.
  • Cash and equivalents have experienced slight fluctuations but remain adequate for operational needs (about $8.4 million in Q1 2025 vs. $11.9 million in Q1 2024).
  • Amortization and non-cash adjustments in operating cash flow have shown volatility, with significant negative adjustments affecting operating cash flows, indicating large non-cash accounting items.

Negative Factors:

  • Net cash from continuing operating activities turned negative in Q1 2025 (-$63.3 million), contrasting with positive cash flow in some prior quarters, posing some cash generation concerns.
  • Other special charges and operating expenses remain elevated, with $17.7 million in Q1 2025, and contributed to increased total non-interest expenses limiting profitability expansion.
  • The company's net realized and unrealized capital gains have been volatile with occasional significant losses, which can pressure earnings unpredictably.

Overall, Trinity Capital exhibits improving earnings and equity strength, supported by increasing net interest income and maintained dividends, but faces challenges in operating cash flow and volatility in investment gains that investors should monitor closely.

08/22/25 01:01 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Trinity Capital Inc. 7.875% Notes due 2029's Financials

When does Trinity Capital Inc. 7.875% Notes due 2029's fiscal year end?

According to the most recent income statement we have on file, Trinity Capital Inc. 7.875% Notes due 2029's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Trinity Capital Inc. 7.875% Notes due 2029's net income changed over the last 4 years?

Trinity Capital Inc. 7.875% Notes due 2029's net income appears to be on an upward trend, with a most recent value of $115.60 million in 2024, falling from -$6.11 million in 2020. The previous period was $76.89 million in 2023.

How has Trinity Capital Inc. 7.875% Notes due 2029's revenue changed over the last 4 years?

Over the last 4 years, Trinity Capital Inc. 7.875% Notes due 2029's total revenue changed from $33.60 million in 2020 to $354.77 million in 2024, a change of 955.9%.

How much debt does Trinity Capital Inc. 7.875% Notes due 2029 have?

Trinity Capital Inc. 7.875% Notes due 2029's total liabilities were at $951.26 million at the end of 2024, a 35.9% increase from 2023, and a 100.5% decrease since 2021.

How much cash does Trinity Capital Inc. 7.875% Notes due 2029 have?

In the past 3 years, Trinity Capital Inc. 7.875% Notes due 2029's cash and equivalents has ranged from $0.00 in 2021 to $10.61 million in 2022, and is currently $9.63 million as of their latest financial filing in 2024.

How has Trinity Capital Inc. 7.875% Notes due 2029's book value per share changed over the last 4 years?

Over the last 4 years, Trinity Capital Inc. 7.875% Notes due 2029's book value per share changed from 0.00 in 2020 to 13.97 in 2024, a change of 1,397.1%.



This page (NASDAQ:TRINZ) was last updated on 8/22/2025 by MarketBeat.com Staff
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