---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017856"
form_type: "8-K"
ticker: "TRIN"
cik: "0001786108"
company_name: "Trinity Capital Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:40:06.101046+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trinity Capital Q1 2023: record NII of $19.3M, revenue up 30.5% YoY

## Summary
- Total investment income $41.5M (+30.5% YoY); NII $19.3M ($0.55/share) up 23.7%.
- Net increase in net assets from operations $22.5M ($0.64/share) vs loss $9.1M in Q1 2022.
- Declared Q1 dividend $0.47/share, up 2.2% from prior regular dividend; 117% NII coverage.
- Portfolio fair value ~$1.1B across 115 companies; leverage 131% vs 135% in Q4 2022.
- Available liquidity $174.8M; funded $70.4M in new investments; $82.8M in repayments.

## SEC filing metadata
- accession: 0000950170-23-017856
- form_type: 8-K
- ticker: TRIN
- cik: 0001786108
- company_name: Trinity Capital Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786108/000095017023017856/0000950170-23-017856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786108/000095017023017856/trin-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017856
- JSON: https://secwatch.observer/filing/0000950170-23-017856.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017856.txt

## Key facts
- Earnings Releases
  Trinity Capital Inc. reported the first quarter ended March 31, 2023 results: revenue $41.5 million, net income $22.5 million, EPS $0.64 per basic share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $41.5 million
  - Net income: $22.5 million
  - EPS: $0.64 per basic share
  - Result: reported results
  source text: First Quarter 2023 Highlights • Total investment income of $41.5 million, an increase of 30.5% year-over-year • Net investment income (“NII”) of $19.3 million, or $0.55 per basic share, an increase of 23.7% year-over-year • Net increase in net assets resulting from operations of $22.5 million, or $0.64 per basic share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786108/000095017023017856/0000950170-23-017856-index.htm

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