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Trinity Capital (NasdaqGS:TRIN) Q3 2025 Earnings Call November 05, 2025 12:00 PM ET Speaker8Thank you, and welcome to Trinity Capital's Third Quarter 2025 Earnings Conference Call. Speaking on today's call are Kyle Brown, Chief Executive Officer; Michael Testa, Chief Financial Officer; and Gerry Harder, Chief Operating Officer. Joining us for the Q&A portion of the call are Ron Kundich, Chief Credit Officer, and Sarah Stanton, General Counsel and Chief Compliance Officer. Earlier today, we released our fina ...

业绩总结 - 2025年第三季度总投资收入为7560万美元[44] - 净投资收入为3700万美元，净利息利润率为10.9%[44] - 2025年第三季度净投资收入（NII）为36,966千美元，较2025年第二季度的34,804千美元增长了6.2%[54] - 2025年第三季度每股净投资收入（NII）为0.52美元，较2025年第二季度的0.53美元略有下降[54] - 2025年第三季度净资产为998,264千美元，较2025年第二季度的923,568千美元增长了8.1%[72] - 2025年第三季度每股净资产（NAV）为13.31美元，较2025年第二季度的13.27美元小幅上升[75] - 2025年第三季度总资产为2,246,935千美元，较2025年第二季度的2,045,024千美元增长了9.8%[72] - 2025年第三季度年化总分红收益率为13.2%[49] - 每股分红为0.51美元，连续第23次分红保持一致或增加[49] 投资组合与债务 - 投资组合资产总额为25.505亿美元，按公允价值计算[44] - 截至2025年9月30日，未融资承诺总额为12.086亿美元[44] - 2025年第三季度新增投资组合公司17家[44] - 截至2025年9月30日，投资组合中固定利率债务投资占比为76.6%，浮动利率债务投资占比为23.4%[86] - 截至2025年9月30日，浮动利率债务投资组合占比为82.4%，浮动利率借款占比为40.6%[98] - 截至2025年9月30日，债务投资的公允价值为1,984百万美元，信用评级加权平均为2.9[92] - 投资组合中贷款占比为39.7%，设备融资占比为35.2%，股权及认股权证占比为25.1%[83] - 投资组合的地理分布中，国际投资占比为32.1%[83] 费用与杠杆 - 2025年第三季度利息支出和其他债务融资成本为20,981千美元，较2025年第二季度的18,044千美元增长了10.8%[54] - 2025年第三季度总运营费用为38,584千美元，较2025年第二季度的34,679千美元增长了11.1%[54] - 2025年第三季度的杠杆比率为1.25，显示出公司在利用杠杆方面的有效性[64] 信用风险与评级 - 在债务投资的信用风险评级中，表现良好（2.0-2.9）的投资占比57.9%，表现强劲（3.0-3.9）的投资占比33.7%[93] - 2025年3季度，债务投资的“非常强劲表现”评级金额为102,624千美元，占比5.2%[93] - 2025年3季度，债务投资的“观察”评级金额为42,811千美元，占比2.2%[93] - 2025年3季度，债务投资的“违约/重组”评级金额为20,739千美元，占比1.0%[93] 未来展望 - 假设只有50%的认股权证能够变现，预计潜在收益为98.8百万美元，或每股1.32美元[99]

Trinity Capital (TRIN) came out with quarterly earnings of $0.52 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this business development company would post earnings of $0.52 per share when it actually produced earnings of $0.53, delivering a surprise of +1.92%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Trinity ...

Accessibility StatementSkip Navigation Record funding of $471 million Total Investment Income grows 22.3% year-over-year Net Asset Value reaches new high of $998 million PHOENIX, Nov. 5, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("the Company"), a leading alternative asset manager, today announced its financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Highlights "Our strong third quarter results exhibit the power of our disciplined execution and rigid unde ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39958 TRINITY CAPITAL INC. (Exact name of registrant as specified in its charter) Maryland 35-2670395 (State or other jurisdiction of incor ...

Exhibit 99.1 Trinity Capital Inc. Reports Third Quarter 2025 Financial Results Record funding of $471 million Total Investment Income grows 22.3% year-over-year Net Asset Value reaches new high of $998 million PHOENIX, November 5, 2025 – Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "the Company"), a leading alternative asset manager, today announced its financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Highlights "Our strong third quarter results exhibit the p ...

The last time I covered Hercules Capital, Inc. (NYSE: HTGC ) was back in November, 2024, when I published an article , putting HTGC and Trinity Capital Inc. ( TRIN ) side by side to determineRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other policy ...

The last time I covered Hercules Capital, Inc. (NYSE: HTGC ) was back in November, 2024, when I published an article , putting HTGC and Trinity Capital Inc. ( TRIN ) side by side to determineRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other policy ...

we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.We continue our series with the following lines for Trinity Capital Inc. (NASDAQ: TRIN ) and its baby bonds. It is true that the whole BDC sector is under pressure, but if you look at this particular company, itDenislav leads the investing group Trade With Beta , features of the service include: frequent picks for ...