NASDAQ$TRIN

Trinity Capital Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong financial results driven by significant investment income and realized gains.

Trinity Capital Inc. reported a total investment income of $31.8 million, a net investment income of $15.6 million, and net realized gains of $52.6 million for the first quarter ended March 31, 2022. The company's investment portfolio reached $919.3 million at fair value.

  • Total investment income increased by 83.8% year-over-year to $31.8 million.
  • Net investment income was $15.6 million, or $0.57 per basic share, representing a 115.2% year-over-year increase.
  • Net realized gains on the sale of equity and other investments totaled $52.6 million.
  • Total gross investments funded were $222.5 million, including $103.9 million in new portfolio companies and $118.6 million in existing portfolio companies.

Headline financials

Total Revenue

$31.8M

Previous: $17.3M+83.9%
EPS (adj)

$0.54

Previous: $0.31+74.2%
Effective Yield on Avg Debt

16.3%

No prior period
Net Income

$15.6M

Previous: $7.25M+115.2%
Operating Income

$16.3M

Previous: $7.25M+124.5%
Cash & Equivalents

$28.7M

Previous: $36M-20.4%
Total Assets

$966M

Previous: $594M+62.6%
Stock-Based Comp

$911K

No prior period

Revenue & EPS history

Trinity Capital · Revenue · Quarterly

$31.8M

Q1 2022+83.9%vs Q1 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The company intends to declare equal supplemental dividends in the second, third and fourth quarters of 2022 for a total of $0.60 per share in 2022, subject to future Board of Director approval.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.2%

Avg return

30 days after

59%

13 / 22 earnings

Positive

+6.9%

Q4 2022

Best reaction

-6.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%-1.0%-0.6%
Q4 2025+0.8%-0.7%-4.9%
Q3 2025+0.0%+3.7%+3.5%
Q1 2025-1.9%+3.5%+3.1%
Q4 2024+5.1%+4.4%+0.6%
Q3 2024+1.4%-3.5%+7.9%
Q2 2024+2.9%+1.8%-1.7%
Q1 2024-4.5%-2.3%-1.7%
Q4 2023+4.8%+3.5%+0.5%
Q3 2023+6.2%+4.9%+7.7%
Q2 2023+4.9%-2.8%-0.2%
Q1 2023-4.1%-5.0%+3.4%
Q4 2019+6.9%+5.8%-4.6%
Q4 2022+6.9%+5.8%-4.6%
Q3 2022-6.9%-10.3%-10.4%
Q2 2022-0.5%+1.9%-1.7%
Q1 2022-4.6%-6.8%-3.5%
Q4 2021-0.9%-4.2%+6.0%
Q3 2021+5.6%+5.3%+1.2%
Q2 2021+4.0%+2.7%+10.4%
Q1 2021+0.7%-1.3%-1.5%
Q4 2020-3.9%+1.1%-4.6%
Q3 2020
Q1 2020
Q3 2019

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