earnings
confidence high
sentiment positive
materiality 0.70
Trinity Capital Q1 total investment income $65.4M (+29.5% YoY); NII $0.52/share; NAV $13.05
Trinity Capital Inc.
2025-Q1 EPS reported
$0.43
- Net investment income $32.4M ($0.52 per share) vs $25.2M ($0.54) in Q1 2024; $2.2M realized loss from one equipment financing workout.
- Portfolio grew to $1.79B fair value across 155 companies; gross fundings $220.4M, exits/repayments $157.1M.
- Net Asset Value $833.4M, down $0.30 per share to $13.05 due to early extinguishment of 6% Convertible Notes; leverage 116%.
- Non-accrual loans at 0.9% of debt portfolio; weighted average risk rating 2.9 (unchanged).
- Subsequent to quarter, raised $10.5M net from ATM stock sales (752,845 shares at $14.15 avg) and $0.5M debt ATM.