---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-065026"
form_type: "8-K"
ticker: "TRIN"
cik: "0001786108"
company_name: "Trinity Capital Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:39:35.615598+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Trinity Capital Q1 total investment income $65.4M (+29.5% YoY); NII $0.52/share; NAV $13.05

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-065026
- form_type: 8-K
- ticker: TRIN
- cik: 0001786108
- company_name: Trinity Capital Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/0000950170-25-065026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786108/000095017025065026/trin-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-065026
- JSON: https://secwatch.observer/filing/0000950170-25-065026.json
- Plain text: https://secwatch.observer/filing/0000950170-25-065026.txt

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