TRIN · NASDAQ · Asset Management

Trinity Capital (TRIN)

Provides tailored private-credit financing across lending verticals for growth-oriented companies.

$17.69
vs last close−0.04 (−0.20%)
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Trinity Capital Inc.TRIN
Financial sector

Provides tailored private-credit financing to growth-oriented companies through Tech Lending, Equipment Finance, Healthcare & Life Sciences, Sponsor Finance, and Asset-Based Lending. An internally managed BDC, it combines a venture-lending lineage with a public-company structure created from legacy funds.

Offers tailored private-credit financing to growth-oriented companies across Tech Lending, Equipment Finance, Healthcare & Life Sciences, Sponsor Finance, and Asset-Based Lending. The platform's roots are in venture lending, with a predecessor founded in 2008.

The Phoenix-headquartered business describes itself as an international alternative asset manager and serves as an internally managed BDC. Its current corporate issuer began operations in 2020 after acquiring the legacy funds and Trinity Capital Holdings.

Kyle Brown, CEO, President, and CIO, leads the platform; founder Steven L. Brown is Executive Chairman. The internally managed BDC structure created through the formation transactions remains central to the operating model.

Company facts

CEOKyle Brown
ListedJan 29, 2021
ExchangeNASDAQ
HeadquartersPhoenix, AZ
CountryUnited States
Employees106
CIK0001786108
ISINUS8964423086

Market cap$1.59B
EPS (ttm)$1.92
P/E (ttm)9.23
ROE14.8%
P/B1.26
P/S5.56
Dividend yieldDiv yield14.39%
Beta0.70vs XLF 0.35

Price target$17.00−4.1%Average of 7 analysts
ConsensusBuy5 of 7 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Dec 11, 2025Capital One FinancialTarget
Target:
Target: $17
Dec 11, 2025Loop Capital MarketsTarget
Target:
Target: $17
Dec 8, 2025JMP SecuritiesTarget
Target:
Target: $17.50
Oct 14, 2025UBSReiterate
Rating: Target:
Rating: BuyTarget: $17
Dec 2, 2024Wells FargoDowngrade
Rating: Equal WeightTarget: $16
Rating: UnderweightTarget: $13

Next report
Nov 4, 26
in 43 days
EPS estimate
$0.52
Revenue estimate
$93.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.56$0.52$0.53$0.52$0.52$0.53$0.51Pending
Estimate$0.53$0.53$0.52$0.52$0.51$0.52$0.52$0.52
Surprise+5.7%−1.9%+1.9%0.0%+2.0%+1.9%−1.7%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$70.8M$62.7M$61.7M$66.2M$83.2M$90.1M$87.2MPending
Estimate$64.4M$70.0M$68.8M$79.8M$80.3M$85.9M$91.4M$93.9M
Surprise+9.9%−10.4%−10.3%−17.0%+3.7%+5.0%−4.7%
Estimate$0.52
ReportedDue Nov 4, 2026
Estimate$93.9M
ReportedDue Nov 4, 2026
View details

Debt to equity118.30%
Current ratio102.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$56.8M$82.1M$60.1M$76.1M$66.2M$50.4M$83.3M$86.4M
Net income$24.4M$45.9M$27.1M$41.4M$27.6M$39.5M$45.5M$55.2M
Net margin43.0%55.9%45.1%54.4%41.7%78.3%54.6%63.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$25.0M$46.6M$27.7M$42.0M$28.3M$63.3M$61.7M$82.2M
YoY growth+43.4%+153.6%+82.9%+33.6%+13.1%+35.8%+122.7%+95.5%

Balance sheet, Jun 30, 2026Cash & short-term investments $22.2M · Total debt $1.50B · Total assets $2.81B · Shareholders' equity $1.27B

Revenue
$86.4M
Operating income
$82.2M
Net income
$55.2M
View details

Dividend yield
14.39%
Next ex-date
Oct 15, 26
in 23 days
Annual dividend
$2.55
per share
Schedule
Irregular

HistoryDividendAnnual yieldUpcoming

May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26Dec '26
Dividend$0.17$0.17$0.17$0.17$0.17$0.17$0.17$0.17
Annual yield14.12%15.09%15.35%13.12%14.31%15.38%13.46%11.54%
Ex-dateMay 15Jun 11Jul 15Aug 14Sep 10Oct 15Nov 13Dec 11
Payment dateMay 29Jun 30Jul 31Aug 31Sep 30Oct 30Nov 30Dec 31
View details

Institutions25.54%24.19M shares
177 holders · as of Jun 30, 2026
Insiders3.03%2.87M shares
10 holders · as of Sep 17, 2026
Other71.43%67.64M shares
remainder

94.69M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Van Eck Associates CorpInstitution
2.27%2.15Mas of Jun 30, 2026
Two Sigma Investments, LPInstitution
1.95%1.84Mas of Jun 30, 2026
UBS Group AGInstitution
1.57%1.49Mas of Jun 30, 2026
Melia Wealth LLCInstitution
1.43%1.35Mas of Jun 30, 2026
Steve Louis BrownInsiderdirector, officer: Executive Chairman
1.36%1.29Mfiled Sep 16, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 7, 2026Kyle Steven Browndirector, officer: CEO, President and CIO+2,296$18.04
Mar 16, 2026Kyle Steven Browndirector, officer: CEO, President and CIO+3,532$14.16
Mar 16, 2026Ronald E. Estesdirector+800$14.16
Mar 12, 2026Steve Louis Browndirector, officer: Executive Chairman+27,109$14.75
Mar 9, 2026Ronald E. Estesdirector+105$14.80
View details

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