Trinity Capital Inc
NASDAQ: TRIN · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-05
Trinity Capital Inc (TRIN) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2019 | — | $-524000.00 | — | — | — |
| 2020 | $23.82M | $-6.11M | 56.20% | -25.66% | -25.66% |
| 2021 | $155.09M | $132.32M | 89.99% | 85.32% | 85.32% |
| 2022 | $43.54M | $-30.38M | 21.57% | -64.28% | -69.77% |
| 2023 | $174.84M | $76.89M | 81.07% | 74.21% | 43.98% |
| 2024 | $237.44M | $115.60M | 73.91% | 49.81% | 48.68% |
| 2025 | $232.25M | $135.60M | 100.00% | 93.07% | 58.39% |
Frequently asked questions
What is Trinity Capital Inc's revenue?
Trinity Capital Inc's trailing twelve-month revenue is $300.16M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TRIN?
In its most recent fiscal year, TRIN ran a gross margin of 100.00%, an operating margin of 93.07%, and a net margin of 58.39%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TRIN generate?
TRIN produced $-536.28M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TRIN's balance sheet healthy?
TRIN holds $19.11M in cash and equivalents against — in long-term debt, on $1.09B of shareholder equity. That debt is best read against the cash flow the business throws off each year.