)
Trinity Capital (TRIN) investor relations material
Trinity Capital Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net investment income reached $37.0 million, up 29% year-over-year, supporting a $0.51 per share dividend for the 23rd consecutive quarter.
Net asset value (NAV) grew 8% quarter-over-quarter to $998.3 million, or $13.31 per share, a 31.9% year-over-year increase.
Platform assets under management (AUM) increased to over $2.6 billion, a 28% year-over-year rise.
Maintained a diversified portfolio across investment types, industries, and geographies, with $2.2 billion in total investments at cost.
Investment pipeline remains robust, with $773 million in new Q3 commitments and $1.2 billion in unfunded commitments at quarter-end.
Financial highlights
Total investment income was $75.6 million, up 22% year-over-year.
Net investment income per share was $0.52, covering 102% of the quarterly distribution.
NAV per share increased from $13.27 to $13.31 quarter-over-quarter.
Return on average equity was 15.3%, among the highest in the BDC space.
Debt-to-equity ratio at 119% as of September 30, 2025.
Outlook and guidance
Entered Q4 with strong momentum and a robust investment pipeline, with management bullish on direct lending opportunities.
Rate cuts expected to have a muted impact due to interest rate floors on most loans; further cuts may lower borrowing costs.
Continued focus on scaling the platform and expanding investment capacity through managed funds and new capital vehicles.
Management aims to provide stable and consistent returns through a diversified private credit platform and disciplined underwriting.
Forward-looking statements caution that actual results may differ due to market, economic, and regulatory risks.
- TimeTickerHeadlineOpen
- 443060
Operating profit rose 28.9% in 2025, with strong core business and digital segment growth. - GM
Disciplined transformation, resilient cash flow, and software growth drive a strong outlook. - BTBT
Transitioned to a strategic asset model centered on ETH staking and AI infrastructure growth. - COR
Q1 FY2026 revenue up 5.5% to $85.9B; adjusted EPS rose 9.4% to $4.08. - STC
Scalable, high-margin IT communications provider for SMBs with strong recurring revenue and growth momentum. - APAM
AUM hit $180B, strong returns and Grandview deal drove growth despite equity outflows. - PSX
Q4 2025 earnings hit $2.9B, with record refining yields and strong portfolio transformation. - ARCC
FY 2025 delivered $2.01 Core EPS, $1.86 net income/share, and a $0.48 Q1 2026 dividend. - HMN
Record core earnings, 12.4% ROE, and 10% EPS growth guidance for 2026. - AFG
Record underwriting profit, strong ROE, and over $700M returned to shareholders in 2025.
Next Trinity Capital earnings date
Next Trinity Capital earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)