Trinity Capital (TRIN) reported FY 2025 total investment income of USD 293.7 million (from USD 237.7 million in FY 2024) and net investment income of USD 144.1 million (from USD 115.8 million). Net increase in net assets resulting from operations was USD 135.6 million in FY 2025, with basic and diluted net increase in net assets per share of USD 1.96. Total operating expenses, including excise taxes, were USD 149.6 million in FY 2025, including USD 80.6 million of interest expense and other debt financing costs and USD 51.4 million of employee compensation and benefits. Total net realized losses on investments were USD 64.3 million in FY 2025, while total net unrealized gains on investments were USD 55.9 million. At year-end, Trinity Capital’s investment portfolio had a fair value of USD 2.4 billion across 176 portfolio companies, including USD 1.9 billion in secured loans, USD 336.8 million in equipment financings, and USD 218.1 million in equity and warrants. As of December 31, 2025, debt investments on non-accrual status had a fair value of USD 15.2 million, representing 0.7% of the fair value of the debt investment portfolio. The company reported an asset coverage ratio of 183.8% as of December 31, 2025, and ended the year with USD 19.1 million in cash and cash equivalents and USD 316.1 million of available borrowings under its KeyBank credit facility. In corporate updates, Trinity Capital said it issued 1,361,786 shares under its equity ATM program from January 1, 2026 to February 23, 2026, raising USD 21.3 million in net proceeds at a weighted-average price of USD 15.81 per share. The company also completed the acquisition of Equipment Leasing Services, LLC on January 30, 2026 for approximately USD 9.0 million, and entered a new joint venture on January 22, 2026 with a credit financing platform, with each party committing USD 50.0 million; the venture is expected to generally invest in the first-out senior tranche of co-investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trinity Capital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-068600), on February 25, 2026, and is solely responsible for the information contained therein.