NASDAQ$TRIN

Trinity Capital Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Trinity Capital reported record total investment income and net investment income for Q3 2024.

Trinity Capital Inc. announced its financial results for the third quarter ended September 30, 2024, reporting record total investment income of $61.8 million and net investment income of $29.4 million, or $0.54 per basic share. The company's net asset value was $756.8 million, or $13.13 per share.

  • Record total investment income of $61.8 million, an increase of 33.2% year-over-year.
  • Record net investment income of $29.4 million, or $0.54 per basic share.
  • Net increase in net assets resulting from operations of $24.4 million, or $0.45 per basic share.
  • Net Asset Value of $756.8 million, or $13.13 per share at the end of Q3.

Headline financials

Total Revenue

$10.5M

Previous: $15M-29.6%
EPS

$0.43

Previous: $0.55-21.8%
Return on Average Equity

16.2%

Previous: 17.6%-8.0%
Return on Average Assets

7.1%

Previous: 8.0%-11.3%
Capital Expenditures

-$125K

Previous: -$749K+83.3%
Free Cash Flow

$24.4M

Previous: $16.8M+45.1%
Net Income

$24.4M

Previous: $16.8M+45.1%
Operating Income

-$21.9M

Previous: -$8.08M-170.9%
Gross Profit

-$21.4M

Previous: $14.3M-249.3%
Cash & Equivalents

$8.54M

Previous: $7.23M+18.0%
Total Assets

$1.73B

Previous: $1.15B+50.7%
Stock-Based Comp

$2.84M

Previous: $2.34M+21.0%

Revenue & EPS history

Trinity Capital · Revenue · Quarterly

$10.5M

Q3 2024-29.6%vs Q3 2023
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 2024

Historical avgQ3 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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