---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-005813"
form_type: "8-K"
ticker: "TRIN"
cik: "0001786108"
company_name: "Trinity Capital Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:44:59.896224+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trinity Capital Q4 2022 NII $0.62/share, up 103.8% YoY; full-year record investment income $145.5M

## Summary
- Q4 total investment income $41.5M (+75.8% YoY); NII $21.6M ($0.62/share) vs $10.6M ($0.39) in Q4 2021.
- Full-year 2022: total investment income $145.5M (+77% YoY), NII $71.6M ($2.26/share), up 83.6%.
- NAV per share fell to $13.15 from $13.74 in Q3 2022, driven by unrealized depreciation in two portfolio companies.
- Declared Q4 dividend of $0.61/share ($0.46 regular + $0.15 supplemental); NII covered regular dividend by 135%.
- Announced $150M joint venture (i40 LLC) and SEC exemptive relief to form a wholly owned RIA; repurchased 186K shares in Q4.

## SEC filing metadata
- accession: 0000950170-23-005813
- form_type: 8-K
- ticker: TRIN
- cik: 0001786108
- company_name: Trinity Capital Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786108/000095017023005813/0000950170-23-005813-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786108/000095017023005813/trin-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005813
- JSON: https://secwatch.observer/filing/0000950170-23-005813.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005813.txt

## Key facts
- Earnings Releases
  Trinity Capital Inc. reported fourth quarter ended December 31, 2022 results: revenue total investment income of $41.5 million, net income net investment income of $21.6 million, EPS $0.62 per share.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: total investment income of $41.5 million
  - Net income: net investment income of $21.6 million
  - EPS: $0.62 per share
  - Result: reported results
  source text: companies, today announced its financial results for the fourth quarter and year ended December 31, 2022. Fourth Quarter 2022 Highlights • Total investment income of $41.5 million, an increase of 75.8% year-over-year • Net investment income (“NII”) of $21.6 million, or $0.62 per share, an increase of 103.8% year-over-year • Aggregate debt and equity
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786108/000095017023005813/0000950170-23-005813-index.htm
- Earnings Releases
  Trinity Capital Inc. reported year ended December 31, 2022 results: revenue total investment income of $145.5 million, net income net investment income of $71.6 million, EPS $2.26 per share.
  - Period: year ended December 31, 2022
  - Revenue: total investment income of $145.5 million
  - Net income: net investment income of $71.6 million
  - EPS: $2.26 per share
  - Result: reported results
  source text: Officer of Trinity. “Our operating performance generated a record $975.5 million in new commitments and fundings of $631.2 million, leading to record total investment income of $145.5 million and net investment income of $71.6 million. Our strong originations process allowed us to grow our portfolio on a cost basis by $355.7 million, or 44.6% year-over-year. We
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786108/000095017023005813/0000950170-23-005813-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.