Trinity Capital
Provides tailored private-credit financing across lending verticals for growth-oriented companies.
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Profile
Provides tailored private-credit financing to growth-oriented companies through Tech Lending, Equipment Finance, Healthcare & Life Sciences, Sponsor Finance, and Asset-Based Lending. An internally managed BDC, it combines a venture-lending lineage with a public-company structure created from legacy funds.
Offers tailored private-credit financing to growth-oriented companies across Tech Lending, Equipment Finance, Healthcare & Life Sciences, Sponsor Finance, and Asset-Based Lending. The platform's roots are in venture lending, with a predecessor founded in 2008.
The Phoenix-headquartered business describes itself as an international alternative asset manager and serves as an internally managed BDC. Its current corporate issuer began operations in 2020 after acquiring the legacy funds and Trinity Capital Holdings.
Kyle Brown, CEO, President, and CIO, leads the platform; founder Steven L. Brown is Executive Chairman. The internally managed BDC structure created through the formation transactions remains central to the operating model.
Company facts
Categories
Key statistics
Year to date +23.3% · Average volume (30d) 1.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Dec 11, 2025 | Capital One Financial | Target | $17 | |||
| Dec 11, 2025 | Loop Capital Markets | Target | $17 | |||
| Dec 8, 2025 | JMP Securities | Target | $17.50 | |||
| Oct 14, 2025 | UBS | Reiterate | Buy | $17 | ||
| Dec 2, 2024 | Wells Fargo | Downgrade | Equal Weight | Underweight | $16 | $13 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.52 | $0.51 | −1.7% | $91.4M | $87.2M | −4.7% | −5.07% |
| May 6, 2026Q1 FY26 | $0.52 | $0.53 | +1.9% | $85.9M | $90.1M | +5.0% | −1.50% |
| Feb 25, 2026Q4 FY25 | $0.51 | $0.52 | +2.0% | $80.3M | $83.2M | +3.7% | −1.30% |
| Nov 5, 2025Q3 FY25 | $0.52 | $0.52 | 0.0% | $79.8M | $66.2M | −17.0% | 0.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $60.1M | $76.1M | $66.2M | $50.4M | $83.3M | $86.4M | |
| Gross profit | $42.4M | $58.0M | $45.2M | $50.4M | $66.0M | $86.4M | |
| Operating income | $27.7M | $42.0M | $28.3M | $63.3M | $61.7M | $82.2M | |
| Net income | $27.1M | $41.4M | $27.6M | $39.5M | $45.5M | $55.2M | |
| Diluted EPS | $0.43 | $0.63 | $0.39 | $0.51 | $0.53 | $0.49 | |
| Gross margin | 70.6% | 76.3% | 68.3% | 100.0% | 79.3% | 100.0% | |
| Operating margin | 46.1% | 55.2% | 42.7% | 125.7% | 74.0% | 95.1% |
Fiscal years (4-quarter sums)FY21 $175.5M · FY22 $43.5M · FY23 $168.8M · FY24 $237.4M · FY25 $252.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $22.2M · Total debt $1.50B · Total assets $2.81B · Shareholders' equity $1.27B
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 31 | $0.17 | |
| Jul 15, 2026 | Jul 15 | Jul 31 | $0.17 | |
| Jun 11, 2026 | Jun 11 | Jun 30 | $0.17 | |
| May 15, 2026 | May 15 | May 29 | $0.17 | |
| Apr 15, 2026 | Apr 15 | Apr 30 | $0.17 | |
| Mar 13, 2026 | Mar 13 | Mar 31 | $0.17 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.17 | |
| Jan 15, 2026 | Jan 15 | Jan 30 | $0.17 | cut from $0.51 |
Ownership
Shares outstanding 89.89M · Float 84.98M · 94.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 2.15M | 2.40% | 13F | Aug 14, 2026 |
| Two Sigma Investments, LP | 1.84M | 2.05% | 13F | Aug 14, 2026 |
| UBS Group AG | 1.49M | 1.66% | 13F | Aug 13, 2026 |
| Melia Wealth LLC | 1.35M | 1.51% | 13F | Aug 17, 2026 |
| Steve Louis Brown · director, officer: Executive Chairman | 1.30M | 1.45% | Form 4 | Jun 16, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Kyle Steven Brown | director, officer: CEO, President and CIO | +2,296 | $18.04 |
| Mar 16, 2026 | Kyle Steven Brown | director, officer: CEO, President and CIO | +3,532 | $14.16 |
| Mar 16, 2026 | Ronald E. Estes | director | +800 | $14.16 |
| Mar 12, 2026 | Steve Louis Brown | director, officer: Executive Chairman | +27,109 | $14.75 |
| Mar 9, 2026 | Ronald E. Estes | director | +105 | $14.80 |
Peers
- Hercules Capital
Venture-growth lender in technology and life sciences
- Runway Growth Finance
Flexible growth capital for late- and growth-stage companies
- Horizon Technology Finance
Secured venture loans across technology and life sciences
- Ares Capital
Direct lender to U.S. private middle-market companies
- TriplePoint Venture Growth BDC
Venture-growth debt, warrants, and direct equity for VC-backed companies
- SLR Investment
Commercial-finance lender spanning sponsor, asset-based, and equipment debt
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Trinity Capital | $18.75 | +1.05% | $1.67B | 9.7 | 8.9 | 5.8 | +41.2% |
| Hercules Capital | $17.52 | +0.22% | $3.27B | 8.8 | 9.0 | 5.6 | +86.7% |
| Runway Growth Finance | $6.66 | +1.37% | $279.8M | 59.9 | 4.9 | 4.5 | +10.1% |
| Horizon Technology Finance | $4.75 | +0.85% | $235.4M | 13.5 | 6.6 | 2.3 | +2.1% |
| Ares Capital | $19.97 | +0.15% | $14.32B | 14.8 | 10.3 | 6.2 | +32.6% |
| TriplePoint Venture Growth BDC | $5.43 | 0.00% | $220.5M | 5.5 | 6.1 | 2.6 | −4.7% |
| SLR Investment | $12.56 | +0.36% | $683.0M | 9.3 | 9.5 | 3.8 | −9.8% |
| Median | 11.4 | 7.8 | 4.2 | +6.1% |