Trinity Capital Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Operating expenses | $147.0M | $119.2M | $89.4M | $71.5M | $42.9M |
| Interest expense | $80.6M | $61.9M | $44.3M | $34.1M | $20.4M |
| Net income | $135.6M | $115.6M | $76.9M | -$30.4M | $132.3M |
| Balance Sheet | |||||
| Cash and equivalents | $19.1M | $9.6M | $4.8M | $10.6M | $31.7M |
| Total assets | $2.5B | $1.8B | $1.3B | $1.1B | $937.1M |
| Total liabilities | $1.4B | $951.3M | $699.8M | $666.8M | $490.6M |
| Stockholders' equity | $1.1B | $823.0M | $611.2M | $459.6M | $446.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$535.5M | -$316.9M | -$96.3M | -$235.7M | -$241.7M |
| Stock-based compensation | $12.0M | $10.5M | $8.8M | $6.1M | $1.1M |
| Share repurchases | — | — | $1.0M | $2.0M | — |
Shares outstanding 89.9M · Free float 94.7%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.