Company Analysis

Trinity Capital Inc. (TRIN)

NYSE: TRIN · Phoenix, AZ · filing with the SEC since 2020
Grade4.5
◀ Past 2.8● Present 5.5▶ Future 4.9

The grade of Trinity Capital Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.5/10
◀ Past2.830% of the headline
● Present5.540% of the headline
▶ Future4.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

2.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
0.2/10

Has it survived what it has been through?

2 warning events since 2020; the latest 2026-07-14.

weight 33% of this tense · 2nd percentile among 111 sector filers · read for itself

From the record

Trinity Capital Inc.'s filings since 2020 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2026-07-14); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-05-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.1/10

What has it actually done, year after year?

+40.4% a year over 6 filed years; profitable in 4 of 6.

weight 33% of this tense · 71st percentile among 9 sector filers · read for its customers

From the record

Trinity Capital Inc.'s 6 filed years say what it did: revenue went from $51 million in fiscal 2020 to $280 million in fiscal 2025, up 40.4% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 4 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span40.4%top 17% of its family
  • the share of years revenue rosetop 22% of its family
  • the share of filed years with a profitbottom 44% of its family
  • the deepest fall from a revenue peak0.0%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.2/10

How has it treated the people who own it?

Share count grew 25.3% a year. 0% of cash flow returned. Insiders: 0 sales, 19 purchases.

weight 33% of this tense · 12th percentile among 46 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Trinity Capital Inc.'s diluted share count grew about 25.3% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 0 sales and 19 purchases of their own stock on the open market in the year to 2026-09-30, buying about $887 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 17% of its family
  • cash returned against operating cash flowbottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.5/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.4/10

Is it financially healthy right now?

ROE 12%: 12¢ of profit per shareholder dollar. Leverage 56%: owes 56¢ per asset dollar.

weight 33% of this tense · 54th percentile among 49 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Trinity Capital Inc. earned about 12 cents of profit for every dollar of shareholders' money. Leverage: it owed about 56 cents per dollar of assets, and net share issuance: its share count grew 22.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 45% of its family
  • return on equitytop 11% of its family
  • the share count against the year beforebottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.3/10

How strong is its position in its industry?

top 27% of 12 in its family; net margin 48.5%.

weight 33% of this tense · 73rd percentile among 12 sector filers · read for its customers

From the record

Trinity Capital Inc.'s standing among 12 graded names in its industry family: revenue of $280 million in fiscal 2025 ranks in the top 21% by size; a net margin of 48.5% ranks in the top 32%; revenue growth of 26.3% a year over the last 3 filed years ranks in the top 29% (its annual reports).

What it rests on

  • revenue against the family$280Mtop 21% of its family
  • net margin48.5%top 32% of its family
  • three-year revenue growth26.3%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.9/10

What are the people in charge doing?

bottom 39% of 48 in its family for leadership; chief executive since 2024.

weight 33% of this tense · 39th percentile among 48 sector filers · read for its shareholders

From the record

Trinity Capital Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Brown, Kyle Steven (CEO, President and CIO, as filed), filing under that title since 2024-03-18, 2.7 years (bottom 28% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 6.5 years (bottom 48%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 40%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 10 peoplebottom 40% of its family
  • the median years the people in charge have filed6.5 yearsbottom 48% of its family
  • the chief executive's years on the record2.7 yearsbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.3/10

How much room does it have to grow?

bottom 33% of 9 in its family for room to expand.

weight 33% of this tense · 33rd percentile among 9 sector filers · read for itself

From the record

Trinity Capital Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $19 million against debt of $1.3 billion leaves -51.8% of its assets as net cash, bottom 26% of its family; cash from operations less capital spending is -191.6% of revenue (bottom 39%) (its annual report).

What it rests on

  • cash less debt against assets-51.8%bottom 26% of its family
  • cash from operations less capital spending against revenue-191.6%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.3/10

What could actually drive growth from here?

bottom 43% of 8 in its family for growth drivers.

weight 33% of this tense · 43rd percentile among 8 sector filers · read for its customers

From the record

Trinity Capital Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 26.3% a year over the last three filed years against 40.4% over all 6, slowing (bottom 6% of its family); the newest year grew 23.3% (top 19%) (its annual reports). Trinity Capital Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-14.1 points a yearbottom 6% of its family
  • the newest year's revenue growth23.3%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.2/10

Did its newest year beat what its own record pointed to?

top 28% of 7 in its family for expectations against reality.

weight 33% of this tense · 72nd percentile among 7 sector filers · read for its shareholders

From the record

Trinity Capital Inc.'s newest year against its own record: revenue of $280 million in fiscal 2025 came in 3.5% below the $290 million its prior three years' pace pointed to (top 31% of its family); net income of $136 million against a prior three-year average of $54 million (top 31%); a net margin of 48.5% against 24.4% before (top 21%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-3.5%top 31% of its family
  • net income against the prior three years' average+151%top 31% of its family
  • net margin against its prior average+24.2 pointstop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TRIN · research, not advice