Page: Company Financials
Trinity Capital Inc.
$16.52
-0.19 (-1.14%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Stock Price | 14.07 | 15.16 | 14.62 | 14.15 | 13.61 | 14.31 | 15.77 | 15.00 |
| Market Capitalization | 927.38M | 948.35M | 937.86M | 745.04M | 531.61M | 454.79M | 410.43M | 379.63M |
| (-) Cash & Equivalents | 26.25M | 8.39M | 17.32M | 19.06M | 8.15M | 21.67M | 28.04M | 41.36M |
| (+) Total Debt | 0.00M | 958.95M | 479.48M | 607.06M | 609.24M | 563.77M | 300.96M | 252.02M |
| Enterprise Value | 901.12M | 1,898.92M | 1,400.02M | 1,333.04M | 1,132.69M | 996.89M | 683.35M | 590.30M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 285M | 196M | 237M | 175M | 44M | 175M | 41M | 0M |
| Cost of Revenue | 76M | 53M | 62M | 33M | 34M | 20M | 17M | 0M |
| Gross Profit | 209M | 142M | 175M | 142M | 9M | 155M | 24M | 0M |
| Gross Profit Margin | 73.4% | 72.8% | 73.9% | 81.1% | 21.6% | 88.4% | 58.7% | 0.0% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 18M | 13M | 14M | 12M | 10M | 7M | 4M | 1M |
| Operating Expenses | 64M | 52M | 57M | 12M | 37M | 23M | 30M | 1M |
| Operating Income (EBIT) | 145M | 90M | 118M | 130M | -28M | 133M | -6M | -1M |
| Operating Income Margin | 50.8% | 46.0% | 49.8% | 74.2% | -64.3% | 75.5% | -15.1% | 0.0% |
| Interest Income | 202M | 205M | 227M | 175M | 139M | 77M | 51M | 0M |
| Interest Expense | 76M | 53M | 62M | 44M | 34M | 20M | 17M | 0M |
| Net Interest Income | 126M | 152M | 165M | 131M | 105M | 56M | 34M | 0M |
| Unusual Items | -126M | -152M | -165M | -181M | -105M | -56M | -34M | 1M |
| EBT Excluding Unusual Items | 270M | 242M | 283M | 260M | 77M | 189M | 28M | -1M |
| Pre-Tax Income | 145M | 90M | 118M | 79M | -28M | 133M | -6M | -1M |
| Pre-Tax Margin | 50.8% | 46.0% | 49.8% | 45.4% | -64.3% | 75.5% | -15.1% | 0.0% |
| Income Tax Expense | 3M | 3M | 3M | 3M | 2M | 0M | 0M | 0M |
| Net Income | 142M | 87M | 116M | 77M | -30M | 132M | -6M | -1M |
| Net Income Margin | 49.9% | 44.7% | 48.7% | 44.0% | -69.8% | 75.4% | -15.1% | 0.0% |
| Depreciation & Amortization | 0M | 0M | 0M | -9M | 0M | 0M | 0M | 1M |
| EBITDA | 145M | 90M | 118M | 121M | -28M | 133M | -6M | -1M |
| EBITDA Margin | 50.8% | 46.0% | 49.8% | 69.3% | -64.3% | 75.5% | -14.9% | 0.0% |
| NOPAT | 142M | 87M | 116M | 126M | -22M | 132M | -5M | -1M |
| NOPAT Margin | 49.9% | 44.7% | 48.7% | 71.8% | -50.8% | 75.4% | -11.9% | 0.0% |
| Owner's Earnings | 142M | 87M | 115M | 66M | -31M | 131M | -6M | 0M |
| Owner's Earnings Margin | 49.7% | 44.2% | 48.5% | 37.5% | -70.2% | 74.7% | -15.6% | 0.0% |
| EPS (Basic) | 2.35 | 1.79 | 2.19 | 2.07 | -0.96 | 4.86 | -0.23 | -0.02 |
| EPS (Diluted) | 2.16 | 1.66 | 2.04 | 1.80 | -0.96 | 4.86 | -0.23 | -0.02 |
| Shares (Basic) | 65M | 49M | 53M | 39M | 32M | 27M | 26M | 25M |
| Shares (Diluted) | 66M | 53M | 57M | 43M | 32M | 27M | 26M | 25M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 9.47M | 26.25M | 9.63M | 4.76M | 10.61M | 31.69M | 44.66M | 0.00M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 9.47M | 26.25M | 9.63M | 4.76M | 10.61M | 31.69M | 44.66M | 0.00M |
| Net Receivables | 19.46M | 17.66M | 16.54M | 11.21M | 9.97M | 5.55M | 3.47M | 0.00M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Current Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Current Assets | 28.93M | 43.92M | 26.17M | 15.97M | 20.58M | 37.24M | 48.12M | 0.00M |
| Property, Plant & Equipment | 0.00M | 0.00M | 0.00M | 5.30M | 0.00M | 0.00M | 0.00M | 0.00M |
| Goodwill | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Intangible Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Investments | 0.00M | 0.00M | 0.00M | 1,275.18M | 0.00M | 0.00M | 27.65M | 0.00M |
| Tax Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Assets | 0.00M | 2,001.11M | 1,748.07M | 11.29M | 1,105.86M | 899.19M | 483.19M | 6.20M |
| Other Assets | 2,218.00M | 0.00M | 0.00M | 3.24M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 2,218.00M | 2,001.11M | 1,748.07M | 1,295.02M | 1,105.86M | 899.19M | 510.84M | 6.20M |
| Total Assets | 2,246.94M | 2,045.02M | 1,774.24M | 1,310.98M | 1,126.44M | 936.43M | 558.96M | 6.20M |
| Accounts Payable | 0.00M | 35.48M | 31.45M | 19.36M | 21.33M | 9.80M | 4.95M | 0.00M |
| Short-Term Debt | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax Payables | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Current Liabilities | 0.00M | 0.00M | 0.00M | 23.16M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Current Liabilities | 0.00M | 35.48M | 31.45M | 42.52M | 21.33M | 9.80M | 4.95M | 0.00M |
| Long-Term Debt | 0.00M | 1,052.81M | 877.67M | 639.61M | 610.59M | 455.35M | 299.75M | 0.00M |
| Capital Lease Obligations | 0.00M | 0.00M | 0.00M | 6.39M | 0.00M | 0.00M | 0.00M | 0.00M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Liabilities | 0.00M | 33.17M | 42.14M | 12.29M | 34.87M | 25.43M | 16.27M | 6.73M |
| Total Non-Current Liabilities | 0.00M | 1,085.97M | 919.81M | 658.29M | 645.46M | 480.78M | 316.01M | 6.73M |
| Total Liabilities | 0.00M | 1,121.46M | 951.26M | 700.81M | 666.79M | 490.59M | 320.96M | 6.73M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 0.08M | 0.07M | 0.06M | 0.05M | 0.04M | 0.03M | 0.02M | 0.00M |
| Retained Earnings | -16.87M | -6.27M | -6.71M | -22.63M | -20.92M | 77.90M | -24.64M | -0.52M |
| Accumulated OCI | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Shareholders’ Equity | -16.79M | -6.20M | -6.64M | -22.58M | -20.88M | 77.92M | -24.62M | -0.52M |
| Total Equity | -16.79M | -6.20M | -6.64M | -22.58M | -20.88M | 77.92M | -24.62M | -0.52M |
| Total Liabilities & Equity | -16.79M | 1,115.26M | 944.62M | 678.23M | 645.91M | 568.51M | 296.34M | 6.20M |
| Tangible Assets | 2,246.94M | 2,045.02M | 1,774.24M | 1,310.98M | 1,126.44M | 936.43M | 558.96M | 6.20M |
| Tangible Equity | -16.79M | -6.20M | -6.64M | -22.58M | -20.88M | 77.92M | -24.62M | -0.52M |
| Tangible Book Value | -16.79M | -6.20M | -6.64M | -22.58M | -20.88M | 77.92M | -24.62M | -0.52M |
| Total Investments | 0.00M | 0.00M | 0.00M | 1,275.18M | 0.00M | 0.00M | 27.65M | 0.00M |
| Net Debt | -9.47M | 1,026.56M | 868.05M | 634.85M | 599.98M | 423.66M | 255.09M | 0.00M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Working Capital | 28.9M | 8.4M | -5.3M | -27.4M | -0.7M | 28.1M | 43.9M | 0.0M |
| Total Capital | 998.3M | 1,976.4M | 1,700.7M | 1,258.0M | 1,070.2M | 901.9M | 538.5M | -0.5M |
| Capital Employed | 2,246.9M | 2,009.5M | 1,742.8M | 1,267.6M | 1,105.1M | 927.3M | 554.8M | 6.2M |
| Invested Capital | 988.8M | 1,950.1M | 1,691.0M | 1,253.3M | 1,059.6M | 870.2M | 493.8M | -0.5M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Net Income | 142.00M | 87.44M | 115.60M | 76.89M | -30.38M | 132.32M | -6.11M | -0.52M |
| Depreciation & Amortization | 1.64M | 4.83M | -9.48M | 0.00M | 0.00M | -80.30M | 0.05M | 0.00M |
| Deferred Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 79.23M | 0.00M | 0.00M |
| Stock-Based Compensation | 2.37M | 10.56M | 0.00M | 0.00M | 0.00M | 1.07M | 0.00M | 0.00M |
| Change in Working Capital | -12.02M | -12.88M | 1.95M | -5.46M | 5.69M | 0.73M | 6.04M | 0.52M |
| Accounts Receivable | -2.52M | -6.03M | -5.34M | 0.00M | -2.61M | -2.08M | -2.36M | 0.00M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 2.08M | 0.00M | 0.00M |
| Accounts Payable | -2.29M | 0.00M | 8.90M | 0.00M | 5.18M | 6.20M | 0.00M | 0.38M |
| Other Working Capital | -7.21M | -6.85M | -1.62M | -5.46M | 3.12M | -5.47M | 8.40M | 0.14M |
| Other Non-Cash Items | -47.53M | -561.63M | -424.97M | -167.69M | 79.60M | -374.72M | -58.21M | 0.00M |
| Net Cash from Operating Activities | 86.46M | -471.68M | -316.91M | -96.26M | 54.92M | -241.67M | -58.23M | 0.00M |
| Capital Expenditures (PPE) | -0.49M | -0.81M | 0.00M | -2.74M | -0.19M | -1.20M | -0.25M | 0.00M |
| Acquisitions (Net) | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 1.20M | -2.21M | 0.00M |
| Purchases of Investments | -1,046.39M | 0.00M | -1,218.93M | 0.00M | -627.21M | -555.75M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 607.85M | 0.00M | 807.87M | 0.00M | 336.55M | 290.17M | 0.00M | 0.00M |
| Other Investing Activities | 0.00M | 0.00M | 410.65M | 0.00M | 0.00M | 265.58M | -89.52M | 0.00M |
| Net Cash from Investing Activities | -439.04M | -0.81M | -0.42M | -2.74M | -290.85M | -1.20M | -91.98M | 0.00M |
| Net Debt Issuance | 240.67M | 378.42M | 228.22M | 25.50M | 150.85M | 156.00M | 118.69M | 0.00M |
| Long-Term Debt Issuance | 240.67M | 378.42M | 228.22M | 25.50M | 150.85M | 156.00M | 118.69M | 0.00M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | 194.39M | -3.82M | 196.51M | 146.46M | 111.14M | -0.14M | 125.00M | 0.00M |
| Common Stock Issuance | 194.93M | 0.00M | 200.23M | 150.28M | 113.14M | 104.78M | 125.00M | 0.00M |
| Common Stock Repurchased | -0.55M | -3.82M | -3.73M | -3.82M | -2.01M | -0.14M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -104.78M | 0.00M | 0.00M |
| Net Dividends Paid | -127.69M | -96.37M | -102.53M | -78.80M | -61.16M | -24.93M | -10.35M | 0.00M |
| Common Dividends Paid | -29.11M | -96.37M | -102.53M | -78.80M | 0.00M | -24.93M | -10.35M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | 46.15M | 195.56M | 0.00M | 0.00M | -1.03M | 97.58M | -22.03M | 0.00M |
| Net Cash from Financing Activities | 353.52M | 473.79M | 322.20M | 93.15M | 199.81M | 228.52M | 211.31M | 0.00M |
| Effect of FX on Cash | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Change in Cash | 0.93M | 1.31M | 4.87M | -5.85M | -36.13M | -14.36M | 61.10M | 0.00M |
| Cash at Beginning of Period | 52.80M | 70.06M | 4.76M | 10.61M | 46.74M | 61.10M | 0.00M | 0.00M |
| Cash at End of Period | 53.73M | 71.37M | 9.63M | 4.76M | 10.61M | 46.74M | 61.10M | 0.00M |
| Operating Cash Flow | 86.46M | -471.68M | -316.91M | -96.26M | 54.92M | -241.67M | -58.23M | 0.00M |
| Capital Expenditure | -0.49M | -0.81M | -0.42M | -2.74M | -0.19M | -1.20M | -0.25M | 0.00M |
| Free Cash Flow | 85.97M | -472.49M | -317.33M | -99.00M | 54.72M | -242.88M | -58.48M | 0.00M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| EBITDA | 191.15M | 129.66M | 161.32M | 121.19M | -0.80M | 148.09M | 19.49M | -0.73M |
| (-) Tax Adjustment | 3.52M | 3.72M | 3.65M | 3.90M | 0.00M | 0.28M | 0.00M | 0.00M |
| (-) Change In Working Capital | -12.02M | -12.88M | 1.95M | -5.46M | 5.69M | 0.73M | 6.04M | 0.52M |
| (-) Capital Expenditure | -0.49M | -0.81M | -0.42M | -2.74M | -0.19M | -1.20M | -0.25M | 0.00M |
| Unlevered Free Cash Flow | 199.16M | 138.01M | 155.30M | 120.00M | -6.68M | 145.87M | 13.19M | -1.26M |
| (-) Net Interest Income After Taxes | 123.51M | 147.47M | 161.05M | 126.34M | 104.69M | 56.12M | 34.48M | 0.00M |
| Net Debt Issuance | 240.67M | 378.42M | 228.22M | 25.50M | 150.85M | 156.00M | 118.69M | 0.00M |
| Levered Free Cash Flow | 316.32M | 368.96M | 222.47M | 19.16M | 39.48M | 245.75M | 97.40M | -1.26M |