NASDAQ$TRIN

Trinity Capital Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Trinity Capital reported second quarter 2024 financial results, highlighted by record net investment income and growth in platform AUM.

Trinity Capital Inc. announced its financial results for the second quarter ended June 30, 2024, featuring a record total investment income of $54.6 million, a record net investment income of $26.7 million, and a net increase in net assets resulting from operations of $30.8 million. The company's platform AUM grew to $1.7 billion, marking a 36% increase year-over-year. The NAV improved to $13.12 per share.

  • Record total investment income of $54.6 million, an increase of 18.7% year-over-year
  • Record net investment income (NII) of $26.7 million, or $0.53 per basic share
  • Net increase in net assets resulting from operations of $30.8 million, or $0.61 per basic share
  • Total platform Assets Under Management increased to $1.7 billion, up 36% year over year

Headline financials

Total Revenue

$24.3M

Previous: -$6.73M+461.7%
EPS

$0.59

Previous: $0.58+1.7%
Net Asset Value per share

$680M

No prior period
Effective Yield on Avg Debt

16.0%

Previous: 16.2%-1.2%
Capital Expenditures

-$126K

No prior period
Free Cash Flow

$30.8M

Previous: $19.9M+55.1%
Net Income

$30.8M

Previous: $19.9M+55.1%
Operating Income

-$3.56M

Previous: -$30.7M+88.4%
Gross Profit

$23.7M

Previous: -$7.38M+421.1%
Cash & Equivalents

$46.1M

Previous: $12.3M+275.8%
Total Assets

$1.51B

Previous: $1.19B+26.6%
Stock-Based Comp

$2.88M

Previous: $2.31M+24.8%

Revenue & EPS history

Trinity Capital · Revenue · Quarterly

$24.3M

Q2 2024-461.7%vs Q2 2023
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the press release.

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 Q2 2024

Historical avgQ2 2024

+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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