NASDAQ$TRIN

Trinity Capital Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Trinity Capital reported strong third quarter results with increased investment income and net asset value.

Trinity Capital Inc. reported a successful third quarter with a 20.0% year-over-year increase in total investment income, a 25.6% year-over-year increase in net investment income, and an increase in net asset value to $13.17 per share.

  • Total investment income increased by 20.0% year-over-year to $46.4 million.
  • Net investment income (NII) increased by 25.6% year-over-year to $23.4 million, or $0.58 per basic share.
  • Net increase in net assets resulting from operations was $16.8 million, or $0.42 per basic share.
  • Net Asset Value increased to $13.17 per share.

Headline financials

Total Revenue

$15M

Previous: -$12.6M+218.7%
EPS (adj)

$0.55

Previous: $0.53+3.8%
Return on Average Equity

17.6%

Previous: 15.4%+14.3%
Return on Average Assets

8.0%

Previous: 6.8%+17.6%
Effective Yield on Avg Debt

16.7%

No prior period
Capital Expenditures

-$749K

No prior period
Free Cash Flow

$16.8M

Previous: -$28.8M+158.4%
Net Income

$16.8M

Previous: -$28.8M+158.4%
Operating Income

-$8.08M

Previous: -$32.7M+75.3%
Gross Profit

$14.3M

Previous: -$13.3M+208.1%
Cash & Equivalents

$7.23M

Previous: $34.1M-78.8%
Total Assets

$1.15B

Previous: $1.1B+4.9%
Stock-Based Comp

$2.34M

Previous: $1.65M+41.7%

Revenue & EPS history

Trinity Capital · Revenue · Quarterly

$15M

Q3 2023-218.7%vs Q3 2022
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the earnings report.

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 2023

Historical avgQ3 2023

+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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