NASDAQ$TRIN

Trinity Capital Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Trinity Capital reported strong third quarter results driven by significant growth in investment income and strategic deployment of capital.

Trinity Capital Inc. reported a total investment income of $38.7 million, a 77.5% increase year-over-year, and net investment income of $18.6 million, or $0.56 per share, a 67.6% increase year-over-year. The company funded $94.2 million in gross investments and declared a dividend distribution of $0.60 per share.

  • Total investment income increased by 77.5% year-over-year to $38.7 million.
  • Net investment income increased by 67.6% year-over-year to $18.6 million, or $0.56 per share.
  • Total gross investments funded were $94.2 million, including $28.9 million in new portfolio companies.
  • A dividend distribution of $0.60 per share was declared, consisting of a $0.45 regular dividend and a $0.15 supplemental cash dividend.

Headline financials

Total Revenue

-$12.6M

Previous: $21.8M-157.8%
EPS (adj)

$0.53

Previous: $0.40+32.5%
Return on Average Equity

15.4%

No prior period
Return on Average Assets

6.8%

No prior period
Free Cash Flow

-$28.8M

No prior period
Net Income

-$28.8M

Previous: $27.2M-205.9%
Operating Income

-$32.7M

Previous: $11.1M-393.6%
Gross Profit

-$13.3M

No prior period
Cash & Equivalents

$34.1M

Previous: $25.3M+34.9%
Total Assets

$1.1B

Previous: $727M+50.8%
Stock-Based Comp

$1.65M

Previous: $149K+1010.1%

Revenue & EPS history

Trinity Capital · Revenue · Quarterly

-$12.6M

Q3 2022-157.8%vs Q3 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

Trinity Capital will continue to utilize accretive, innovative growth levers to deploy capital and drive long-term shareholder value as they head into the fourth quarter of 2022.

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 Q3 2022

Historical avgQ3 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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