Financial health
- Total debt ($1.3B) exceeds cash ($19M); net debt is $1.3B.
TRIN Financials Trinity Capital Inc.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $136M | — | — | 12.4% | 5.5% | — | $1.3B | $19M |
| 2024 | — | $116M | — | — | 14.0% | 6.5% | — | $888M | $10M |
| 2023 | — | $77M | — | — | 12.6% | 5.9% | — | $646M | $5M |
| 2022 | — | -$30M | — | — | -6.6% | -2.7% | — | $620M | $11M |
| 2021 | — | $132M | — | — | 29.6% | 14.1% | — | $466M | $32M |
| 2020 | — | -$6M | — | — | — | — | — | $310M | $45M |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $44M | — | — | 3.5% | 1.6% | — | $1.5B | $22M |
| Mar '26 | — | $30M | — | — | 2.6% | 1.2% | — | $1.4B | $20M |
| Dec '25 | — | $39M | — | — | 3.6% | 1.6% | — | $1.3B | $19M |
| Sep '25 | — | $28M | — | — | 2.8% | 1.2% | — | $1.2B | $9M |
| Jun '25 | — | $41M | — | — | 4.5% | 2.0% | — | $1.1B | $26M |
| Mar '25 | — | $27M | — | — | 3.3% | 1.5% | — | $968M | $8M |
| Dec '24 | — | $46M | — | — | 5.6% | 2.6% | — | $888M | $10M |
| Sep '24 | — | $24M | — | — | 3.2% | 1.4% | — | $923M | $9M |
| Jun '24 | — | $31M | — | — | 4.5% | 2.0% | — | $772M | $46M |
| Mar '24 | — | $15M | — | — | 2.3% | 1.0% | — | $738M | $12M |
| Dec '23 | — | $18M | — | — | 2.9% | 1.4% | — | $646M | $5M |
| Sep '23 | — | $17M | — | — | 3.0% | 1.5% | — | $533M | $7M |
| Jun '23 | — | $20M | — | — | 4.1% | 1.7% | — | $665M | $12M |
| Mar '23 | — | $22M | — | — | 4.8% | 2.0% | — | $616M | $8M |
| Dec '22 | — | -$2M | — | — | -0.3% | -0.1% | — | $620M | $11M |
| Sep '22 | — | -$12M | — | — | -2.5% | -1.1% | — | $570M | $34M |
| Jun '22 | — | -$8M | — | — | — | — | — | $595M | — |
| Mar '22 | — | -$9M | — | — | — | — | — | $509M | — |
| Dec '21 | — | $55M | — | — | 12.3% | 5.9% | — | $466M | $32M |
Valuation over time
How the market has priced TRIN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 17.5× (Jan '24) to 12.8× (Sep '26).
P/E
Frequently asked questions
Is TRIN growing its revenue and profit?
See the revenue and net-income charts above for Trinity Capital Inc.'s multi-year trend.
How much debt does TRIN have?
As of FY2025, Trinity Capital Inc. reported $1.3B of total debt against $19M of cash.
What is TRIN's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is TRIN's P/E ratio?
As of Sep '26, Trinity Capital Inc. traded at a price-to-earnings ratio of about 12.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.