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Trinity Capital — Third Quarter 2026 Earnings Summary

  • Total investment income rose 30.2% year-over-year to $98.4 million, while Net Investment Income (NII) reached a record $49.9 million ($0.52/share), up 34.9% from Q3 2025.
  • Net assets increased 4.6% to $1.33 billion with NAV per share rising to $13.61; net leverage decreased slightly to 117% as of September 30, 2026.
  • Management announced $0.17 monthly distributions for Q4 2026, marking the 28th consecutive quarter of consistent dividends, and highlighted platform AUM growth to $3.4 billion.
  • The company raised $57.8 million via equity ATM sales in the quarter and issued $350 million in unsecured notes in October to refinance existing debt and fund general corporate purposes.
  • Operating expenses and interest costs increased due to higher compensation and debt levels, respectively, while the portfolio maintained a strong credit profile with 99.5% of debt investments rated performing or better.
Company
TRINITY CAPITAL INC
Sector
Financial Services
Industry
Asset Management