NASDAQ$TRIN
Trinity Capital Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Trinity Capital reported record Q4 2025 net investment income of $39.9 million, or $0.52 per share.
Trinity Capital posted record Q4 2025 net investment income of $39.9 million ($0.52 per basic share, +15.4% YoY) on total investment income of $83.2 million (+17.5%). Net increase in net assets from operations was $39.5 million ($0.51 per share) with NAV of $13.42 per share (+32.9% YoY). Q4 gross investments funded were $434.8 million. Full-year NII was $144.1 million ($2.08 per share).
- Record Q4 NII $39.9M ($0.52/share); investment income $83.2M.
- NAV $13.42/share (+32.9% YoY); $434.8M funded in Q4.
- Venture and growth debt platform to innovation economy.
- Full-year NII $144.1M ($2.08/share).
Headline financials
Revenue & EPS history
Trinity Capital · Revenue · Quarterly
$83.2M
Forward guidance
Trinity focuses on portfolio yield and deployment pace; BDC investors track NAV, spillover income, and venture-backed borrower performance rather than traditional revenue guidance.
Tailwinds
- Record quarterly NII and strong investment income growth.
- Robust deployment with diversified venture lending pipeline.
- NAV per share growth supports book value.
Headwinds
- Venture-backed borrower failure risk in downturn.
- Fair value marks can create NAV volatility.
- Competition in venture debt from banks and other BDCs.
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 Q4 2025
+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
| Quarter | Report date | Reaction (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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