Trinity Capital Inc. (TRIN) Stock Price & Analysis
Trinity Capital Inc. (TRIN) closed at USD 17.09 on Wednesday, October 28, 2026, up 1.79% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 16.79; the Oct 28, 2026 session ranged USD 16.88–17.11 on volume of 915,963 shares. Market capitalization is $1.54B, with a 52-week range of USD 14.13–18.9 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 07:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TRIN.md
Key facts (TRIN)
- Valuation: P/E 10.9x (avg 7.6x at the last 3 fiscal year-ends), net debt $1.49B.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $41K; 0 by opportunistic insiders, 1 by routine insiders.
- Analysts: Buy (mean 2.22 on a 1–5 scale) (9 analysts), mean target USD 18.5 (range 15–21).
- Total return with dividends: 1Y +30.2% vs S&P 500 +13.6%; 5Y +116.3% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD 0.52, revenue estimate $93.5M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TRIN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $132M | -$30.4M | $76.9M | $116M | $136M | $141M |
| EPS (diluted) | $4.64 | -$0.96 | $1.89 | $2.10 | $1.96 | — |
| Cash + short-term investments | $31.7M | $10.6M | $4.8M | $9.6M | $19.1M | — |
| Total debt | $466M | $620M | $646M | $888M | $1.31B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TRIN)
P/E 10.9x · P/B 1.2x · Earnings yield 9.20% · Net debt $1.49B · EV $3.03B
P/E at fiscal year-ends: Dec 2025 7.5x, Dec 2024 7.1x, Dec 2023 8.1x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (TRIN)
1 purchase, $41K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-07 | Brown Kyle Steven | CEO, President and CIO | 2,296 | $41K | 18.04 | Routine (bought in Aug & Nov each year 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TRIN)
Consensus Buy (mean 2.22 on a 1–5 scale), 9 analysts; mean target USD 18.5 (low 15, high 21).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-06 | Keefe, Bruyette & Woods | Target raised | Market Perform | $16 → $16.5 |
Total return (dividends reinvested) (TRIN)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +30.2% | +116.3% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +30.3% | +16.6% |
| Volatility (annualized) | 21.3% | 24.6% |
| Max drawdown | -15.0% (Jan 2026→Mar 2026) | -42.3% (Mar 2022→Dec 2022) |
TRIN earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.51 | $0.52 | Miss −1.9% | -3.1% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.53 | $0.51 | Beat +3.9% | +0.3% |
| Feb 25, 2026 | Quarter ended Dec 31, 2025 | $0.52 | $0.52 | In line | +1.2% |
| Feb 3, 2026 | Quarter ended Dec 31, 2025 | $0.52 | $0.52 | In line | -0.7% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | $0.52 | $0.53 | Miss −1.9% | -5.0% |
| Aug 6, 2025 | — | — | — | — | +2.4% |
| May 7, 2025 | — | — | — | — | +0.1% |
| Feb 26, 2025 | — | — | — | — | +3.0% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
TRIN recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 8, 2026 | 8-K | Regulation FD disclosure |
| Oct 5, 2026 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation “On September 30, 2026, Trinity Capital Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") by and among the Company and Keefe, Bruyette & Woods, Inc. and MUFG Securities Americas Inc., as representatives of the several underwriters named in Schedule 1 thereto (collectively, the "Underwriters"), in connection with the issuance and sale of $350,000,000 aggregate principal amount of the Company's 7.500% Notes due 2032 (the "Notes"). The Underwriting Agreement includes customary…” |
| Aug 5, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
| Jul 14, 2026 | 8-K | Delisting notice or listing-rule failure; Regulation FD disclosure “On July 14, 2026, acting pursuant to authorization from Trinity Capital Inc.'s (the "Company") board of directors (the "Board"), the Company announced its intention to voluntarily withdraw the listing of its common stock, par value $0.001 per share (the "Common Stock"), its 7.875% Notes due 2029 (the "March 2029 Notes"), and its 7.875% Notes due 2029 (the "September 2029 Notes", and together with the March 2029 Notes, the "Notes") from the Nasdaq Global Select Market ("Nasdaq") and transfer the listings to the New…” |
| Jul 9, 2026 | 8-K | Regulation FD disclosure |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
TRIN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Senior Credit | “On December 5, 2022, we entered into a joint venture agreement with certain funds and accounts managed by a specialty credit manager to co-manage Senior Credit Corp 2022 LLC, a Delaware limited liability company (the "Senior Credit Corp").” |
| Partner | CREDIT SUISSE AG (GLDI) | “On January 16, 2020, in connection with the Formation Transactions, Trinity Capital acquired TF1 through Fund II and became a party to, and assumed, a credit agreement with Credit Suisse AG (the "Credit Suisse Credit Facility") through TF1 which matured on January 8, 2022 in accordance with its terms.” |
Quoted from the company's 10-K filed Feb 25, 2026.
Companies that name TRIN in their SEC reports
| Relationship to TRIN | Company | Filing | Sentence |
|---|---|---|---|
| partner | Taysha Gene Therapies, Inc. (TSHA) | 10-K Mar 19, 2026 | “We have financed our operations with $961.0 million in gross proceeds from equity financings, including from pre-IPO private placements of convertible preferred stock, our initial public offering, or the IPO, and subsequent sales of common stock in public and private securities offerings, including but not limited to our at-the-market, or ATM, offering, from our previous loan agreement with Silicon Valley Bank and…” |
| partner | Candel Therapeutics, Inc. (CADL) | 10-K Mar 12, 2026 | “Interest expense primarily consists of interest expense on our debt under our Loan and Security Agreement with Trinity and our Loan Agreement with SVB.” |
| partner | RAPID MICRO BIOSYSTEMS, INC. (RPID) | 10-K Mar 12, 2026 | “In addition, our loan and security agreement with Trinity Capital contains restrictions on our ability pay dividends on our common stock.” |
| partner | SHOULDER INNOVATIONS, INC. (SI) | 10-K Mar 10, 2026 | “In addition, our ability to pay cash dividends on our capital stock is limited by the terms of the Trinity Loan Agreement with Trinity Capital, and may be limited by the terms of any future debt or preferred securities we issue or any future credit facilities we enter into.” |
| partner | Rigetti Computing, Inc. (RGTI) | 10-K Mar 4, 2026 | “On December 9, 2024, we prepaid in full all amounts owed under our Amended Loan Agreement with Trinity Capital Inc. We prepaid an aggregate of $9.5 million in outstanding principal balance, final payment fees of $0.9 million, plus accrued interest and a prepayment premium aggregating $0.1 million.” |
TRIN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.52 | $0.52 | -0.4% | $93.5M | 9 |
| Next quarter (ends Dec 2026) | $0.52 | $0.52 | +0.0% | $96.9M | 9 |
| Current fiscal year (ends Dec 2026) | $2.08 | $2.09 | -0.6% | $367.6M | 9 |
| Next fiscal year (ends Dec 2027) | $2.11 | $2.07 | +1.5% | $417.2M | 9 |
TRIN options: expected move
Options price a move of about ±9.3% (±$1.60) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 43.3% | ±9.3% |
| Jan 15, 2027 | 79 | 37.6% | ±14.9% |
| Apr 16, 2027 | 170 | 18.0% | ±12.4% |
30-day implied volatility 19.5% vs 20.9% realized over the last 30 trading days. Put/call ratio (volume) 0.14. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 07:27 UTC)
| Price | USD 17.09 |
|---|---|
| Change | ▲ 1.79% (up) |
| Previous Close | USD 16.79 |
| Open | USD 17 |
| Day Range | USD 16.88 – 17.11 |
| 52-Week Range | USD 14.13 – 18.9 |
| Volume | 915,963 shares |
| Market Cap | $1.54B |
| Exchange | NYQ |
Technical Analysis (TRIN)
Nexqual's technical model rates TRIN "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 29, 2026 at 07:27 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 52.83 (neutral) |
| vs SMA50 | Below (USD 17.55) |
| MACD | -0.28 (negative) |
Analyst Ratings (TRIN)
Wall Street analysts rate TRIN "Buy" based on 9 analysts, with a mean price target of USD 18.5 (range USD 15–21), per Nexqual as of October 29, 2026 at 07:27 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 18.5 |
| High Target | USD 21 |
| Low Target | USD 15 |
| Buy / Hold / Sell | 7 / 1 / 1 |
Earnings (TRIN)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.52 |
| Revenue Estimate | $93.50M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.51 vs est 0.52 ▼ miss |
| 2026-03-31 | USD 0.53 vs est 0.51 ▲ beat |
| 2025-12-31 | USD 0.52 vs est 0.52 ▲ beat |
| 2025-09-30 | USD 0.52 vs est 0.53 ▼ miss |
Source: Nexqual, October 29, 2026 at 07:27 UTC.
Financials & Fundamentals (TRIN)
| Total Revenue | $313.05M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +19.30% |
| Gross Margin | +100.00% |
| Operating Margin | +79.07% |
| Profit Margin | +45.15% |
| ROE | +12.90% |
| Debt / Equity | 1.19 |
| Current Ratio | 1.96 |
| Total Cash | $29.58M |
| Total Debt | $1.51B |
Source: Nexqual, October 29, 2026 at 07:27 UTC.
Financial Health Score (TRIN)
Nexqual rates Trinity Capital Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 07:27 UTC.
| Growth | Strong — Revenue +24% YoY (annual) |
|---|---|
| Profitability | Strong — Operating margin 79% |
| Balance Sheet | Mixed — $22M cash and investments vs $1.51B debt (Jun 2026, SEC) |
| Cash Flow | Weak — Operating cash flow -$535M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 11%, ROA 5.0% (last 4 quarters, SEC) |
Ownership (TRIN)
| Insider Ownership | +3.94% |
|---|---|
| Institutional Ownership | +27.42% |
| Shares Outstanding | 89.89M |
| Float | 90.96M |
| Short % of Float | +6.25% |
Source: Nexqual, October 29, 2026 at 07:27 UTC.
Leadership (TRIN)
Trinity Capital Inc. is led by Kyle Steven Brown, CEO, President, Chief Investment Officer & Director, per Nexqual as of October 29, 2026 at 07:27 UTC.
| CEO, President, Chief Investment Officer & Director | Kyle Steven Brown |
|---|---|
| Founder & Executive Chairman | Steven Louis Brown |
| CFO & Treasurer | Michael Testa |
| Chief Operating Officer | Gerald Harder |
| Senior Technology Director | Richard Nelson |
Major Backers & Investors (TRIN)
Notable institutional backers of Trinity Capital Inc. include Van Eck Associates Corporation, Two Sigma Investments, LP, VanEck ETF Trust-VanEck BDC Income ETF, according to Nexqual as of October 29, 2026 at 07:27 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Van Eck Associates Corporation | 2.27% |
| Two Sigma Investments, LP | 1.95% |
| VanEck ETF Trust-VanEck BDC Income ETF | 1.79% |
| UBS Group AG | 1.57% |
| Melia Wealth LLC | 1.43% |
| Sound Income Strategies, LLC | 1.19% |
| Marshall Wace LLP | 0.89% |
| Price (T.Rowe) Associates Inc | 0.83% |
Source: Nexqual, October 29, 2026 at 07:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund | USD 23.2 | ▲ 0.39% |
| PDI | PIMCO Dynamic Income Fund | USD 14.1 | ▲ 0.21% |
| VCTR | Victory Capital Holdings, Inc. | USD 111.87 | ▲ 1.12% |
| AMG | Affiliated Managers Group, Inc. | USD 393.24 | ▲ 0.32% |
| SEIC | SEI Investments Company | USD 103.2 | ▲ 0.31% |
| IVZ | Invesco Ltd | USD 28.68 | ▲ 0.88% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:27 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt