Trinity Capital Inc. Reports Third Quarter 2025 Financial Results

About this update from Trinity Capital Inc.

[{"type":"text","content":"\n Record funding of $471 million\n \n \n Total Investment Income grows 22.3% year-over-year\n \n \n Net Asset Value reaches new high of $998 million\n \n \n PHOENIX, Nov. 5, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (\"the Company\"), a leading alternative asset manager, today announced its financial results for the third quarter ended September 30, 2025.\n \n \n \n \n \n \n \n \n Third Quarter 2025 Highlights \n \n \n Total investment income of $75.6 million, an increase of 22.3% year-over-year.\n Net investment income (\"NII\") of $37.0 million, or $0.52 per basic share. NII grew 25.9% year over year.\n Net increase in net assets resulting from operations of $27.6 million, or $0.39 per basic share.\n 15.3% Return on Average Equity \"ROAE\" (NII/Average Equity).\n 6.9% Return on Average Assets \"ROAA\" (NII/Average Assets).\n Net Asset Value (\"NAV\") of $998.3 million, or $13.31 per share at the end of Q3. NAV increased 31.9% year over year.\n Total gross investment commitments of $773.0 million.\n Total gross investments funded of $470.6 million, which was comprised of $272.0 million to 17 new portfolio companies, $175.5 million to 20 existing portfolio companies and $23.1 million to multi-sector holdings.\n Total investment exits and repayments of $255.7 million, which was comprised of $120.4 million from investments sold to multi-sector holdings, $79.0 million from scheduled/amortizing debt payments, $55.9 million from early debt repayments and refinancings and $0.4 million from warrant and equity sales.\n 23rd consecutive quarter of a consistent or increased regular dividend, with a third quarter distribution of $0.51 per share.\n \n \"Our strong third quarter results exhibit the power of our disciplined execution and rigid underwriting, as well as the growing demand across our credit strategies,\" said Kyle Brown, Chief Executive Officer of Trinity Capital. \"We're seeing great momentum across our direct lending platform, and we're bullish on the opportunities ahead as we remain focused on driving exceptional value for our investors and partners.\"\n \n Third Quarter 2025 Operating Results\n \n For the three months ended September 30, 2025, total investment income was $75.6 million, compared to $61.8 million for the three months ended September 30, 2024. The effective yield on the average debt investments ...

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