---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-027340"
form_type: "8-K"
ticker: "TRIN"
cik: "0001786108"
company_name: "Trinity Capital Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:48:05.800714+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trinity Capital Q4 NII $0.58/sh, ROAE 17.4%; FY24 NII $2.20/sh, total investment income up 31% YoY

## Summary
- Q4 total investment income $70.8M (+48.1% YoY); NII $34.6M ($0.58/sh), a quarterly record.
- Full year 2024 NII $115.8M ($2.20/sh); total investment income $237.7M (+30.7% YoY).
- Net asset value $823.0M ($13.35/sh); debt-to-equity decreased to 108% from 122% QoQ.
- Gross investments funded $1.2B in FY24 (+91.6% YoY); Q4 dividend $0.51/sh, 20th consecutive quarter of steady/increased dividend.
- Undistributed earnings spillover $66.8M ($1.08/sh); convertible notes settled for $66.2M cash; ATM raised $17.2M in early 2025.

## SEC filing metadata
- accession: 0000950170-25-027340
- form_type: 8-K
- ticker: TRIN
- cik: 0001786108
- company_name: Trinity Capital Inc.
- filed_at: 2025-02-26T23:59:59+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/1786108/000095017025027340/0000950170-25-027340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786108/000095017025027340/trin-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-027340
- JSON: https://secwatch.observer/filing/0000950170-25-027340.json
- Plain text: https://secwatch.observer/filing/0000950170-25-027340.txt

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