Trinity Capital Inc.TRIN

NYSE
Price (close)
$17.49
Market cap
$1.6B
P/E
11.6x
Revenue (TTM)
—
Net income
$141.3M
Dividend yield
14.58%
1-year total return
27.4%
Net margin
—
Revenue growth
—
Debt / equity
1.20x

What Trinity Capital Inc. does.

Trinity Capital Inc. (“Trinity Capital”), incorporated in Maryland on August 12, 2019, is an internally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Because we are internally managed, all of our executive officers and employees are employed by Trinity Capital. Therefore, we do not pay any external investment advisory fees, but instead directly incur the operating costs associated with employing investment and portfolio management professionals.

We have elected to be treated, and intend to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), for U.S. federal income tax purposes. In order to maintain our treatment as a RIC, we are generally required to distribute at least annually to our stockholders at least the sum of 90% of our investment company taxable income (which generally includes our net ordinary taxable income and realized net short-term capital gains in excess of realized net long-term capital losses) and 90% of our net tax-exempt income (if any). We generally will not be subject to U.S. federal income tax on these distributed amounts but will pay U.S. federal income tax at corporate rates tax on any retained amounts.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Net income-$6.1M$132.3M-$30.4M$76.9M$115.6M$135.6M

More on TRIN.

Figures from Trinity Capital Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.