# Trinity Capital Inc. (TRIN)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $1.18B  
**Price:** $17.00 (-0.06%)

> Trinity Capital Inc. is an internally managed business development company specializing in providing alternative credit solutions to growth-stage and established companies. The firm offers a diverse range of financing products including senior venture loans, subordinated term loans, equipment financing and leasing, and warehouse lending. Trinity Capital serves multiple sectors including technology, life sciences, and venture capital-backed businesses. With headquarters in Phoenix, Arizona, the company sources investments across private credit markets to deliver investors stable returns through a portfolio of secured and unsecured debt instruments. Trinity Capital has established itself as a significant participant in the middle-market and growth lending space, supporting entrepreneurial companies and sponsors seeking flexible capital solutions outside traditional banking channels.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $280M | — | — | — | $1.96 |
| 2024 | $227M | — | — | — | $2.10 |
| 2023 | $175M | — | — | — | $1.89 |
| 2022 | $139M | — | — | — | $-0.96 |
| 2021 | $77M | — | — | — | $4.64 |
| 2020 | $51M | — | — | — | $-0.34 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.48B | $1.39B | $1.09B | $19M | $1.31B |
| 2024 | $1.77B | $951M | $823M | $10M | $888M |
| 2023 | $1.31B | $700M | $611M | $5M | $646M |
| 2022 | $1.13B | $667M | $460M | $11M | $620M |
| 2021 | $937M | $491M | $447M | $32M | $466M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$535M | — | — |
| 2024 | -$317M | — | — |
| 2023 | -$96M | — | — |
| 2022 | -$236M | — | — |
| 2021 | -$242M | — | — |
| 2020 | -$58M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/TRIN)