high-growth venture capital-backed companies turn to trinity capital investment (trinity) as a preferred option for venture loans and equipment leases to fuel their growth and extend their runway. since 2008, trinity has worked closely with leading venture capital firms and their respective portfolio companies to offer valuable support, enhanced flexibility and competitive venture debt financing solutions to customers with distinctive needs. the trinity portfolio includes clients in the software, semiconductors and hardware, healthcare and pharmaceuticals, energy and efficiency, consumer and retail, networking and equipment, and clean technology industries. having funded some of the world’s most innovative startup companies, trinity is the partner of choice for venture-backed technology startups wanting an experienced partner to help strengthen their financial position while preserving equity. for more information, please visit www.trincapinvestment.com.
Company profile
Ticker
TRIN
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry
SEC CIK
TRIN stock data
Latest filings (excl ownership)
8-K
Other Events
16 Apr 24
CERT
Certification of approval for exchange listing
1 Apr 24
8-K
Trinity Capital Inc. Announces Adjustment to Conversion Rate of its 6.00% Convertible Notes due 2025
28 Mar 24
8-A12B
Registration of securities on exchange
28 Mar 24
8-K
Entry into a Material Definitive Agreement
28 Mar 24
424B2
Prospectus for primary offering
27 Mar 24
FWP
Free writing prospectus
25 Mar 24
424B2
Prospectus for primary offering
25 Mar 24
10-K
2023 FY
Annual report
6 Mar 24
8-K
Trinity Capital Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
6 Mar 24
Transcripts
TRIN
Earnings call transcript
2023 Q4
6 Mar 24
TRIN
Earnings call transcript
2023 Q3
1 Nov 23
TRIN
Earnings call transcript
2023 Q2
2 Aug 23
TRIN
Earnings call transcript
2023 Q1
4 May 23
TRIN
Earnings call transcript
2023 Q1
4 May 23
TRIN
Earnings call transcript
2022 Q4
2 Mar 23
TRIN
Earnings call transcript
2022 Q3
3 Nov 22
TRIN
Earnings call transcript
2022 Q2
7 Aug 22
TRIN
Earnings call transcript
2022 Q1
10 May 22
TRIN
Earnings call transcript
2021 Q4
4 Mar 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 7.23 mm | 7.23 mm | 7.23 mm | 7.23 mm | 7.23 mm | 7.23 mm |
Cash burn (monthly) | 1.68 mm | 2.24 mm | 2.69 mm | 8.57 mm | (no burn) | (no burn) |
Cash used (since last report) | 11.51 mm | 15.37 mm | 18.45 mm | 58.73 mm | n/a | n/a |
Cash remaining | -4.28 mm | -8.14 mm | -11.22 mm | -51.50 mm | n/a | n/a |
Runway (months of cash) | -2.5 | -3.6 | -4.2 | -6.0 | n/a | n/a |
Institutional ownership, Q3 2023
20.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 69 |
Opened positions | 27 |
Closed positions | 11 |
Increased positions | 28 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 121.31 bn |
Total shares | 9.55 mm |
Total puts | 77.70 k |
Total calls | 186.70 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Greenwich Investment Management | 1.20 mm | $16.68 bn |
IVZ Invesco | 854.51 k | $11.89 bn |
Rockefeller Capital Management | 822.16 k | $11.44 bn |
Emerald Advisers | 755.56 k | $10.52 bn |
Van Eck Associates | 692.66 k | $9.64 mm |
Emerald Mutual Fund Advisers Trust | 633.03 k | $8.81 bn |
Alliancebernstein | 444.93 k | $6.19 bn |
SF Stifel Financial | 410.40 k | $5.71 bn |
Soros Fund Management | 327.22 k | $4.55 bn |
T. Rowe Price | 277.82 k | $3.86 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Michael Testa | Common Stock | Grant | Acquire A | No | No | 0 | 40,541 | 0.00 | 67,394 |
15 Mar 24 | Michael Testa | Common Stock | Payment of exercise | Dispose F | No | No | 14.8 | 2,109 | 31.21 k | 26,853 |
15 Mar 24 | Sarah Stanton | Common Stock | Grant | Acquire A | No | No | 0 | 45,946 | 0.00 | 105,193 |
15 Mar 24 | Sarah Stanton | Common Stock | Payment of exercise | Dispose F | No | No | 14.8 | 2,862 | 42.36 k | 59,247 |
15 Mar 24 | Ronald Kundich | Common Stock | Grant | Acquire A | No | No | 0 | 40,541 | 0.00 | 194,460 |
15 Mar 24 | Ronald Kundich | Common Stock | Payment of exercise | Dispose F | No | No | 14.8 | 6,049 | 89.53 k | 153,919 |
15 Mar 24 | Gerald Harder | Common Stock | Grant | Acquire A | No | No | 0 | 59,459 | 0.00 | 246,445 |
15 Mar 24 | Gerald Harder | Common Stock | Payment of exercise | Dispose F | No | No | 14.8 | 5,867 | 86.83 k | 186,986 |
15 Mar 24 | Steve Louis Brown | Common Stock | Grant | Acquire A | No | No | 0 | 162,162 | 0.00 | 740,096 |
15 Mar 24 | Steve Louis Brown | Common Stock | Payment of exercise | Dispose F | No | No | 14.8 | 35,868 | 530.85 k | 577,934 |
News
UBS Maintains Buy on Trinity Cap, Raises Price Target to $16.5
18 Mar 24
Trinity Capital Inc. Increases Cash Dividend From $0.50 To $0.51 Per Share
14 Mar 24
Thriving with Robust Performance: Barings BDC Delivers Growing Profits to Investors
13 Mar 24
B. Riley Securities Reiterates Buy on Trinity Cap, Raises Price Target to $16.5
7 Mar 24
Earnings Scheduled For March 6, 2024
6 Mar 24
Press releases
Trinity Capital Inc. Provides Details for First Quarter 2024 Financial Results and Conference Call
10 Apr 24
Trinity Capital Inc. Prices Offering of $100.0 Million of 7.875% Notes due 2029
25 Mar 24
Trinity Capital Inc. Provides $25 Million Growth Capital to Moxe Health
29 Feb 24
cPacket Announces Closing of a $67M Investment from Morgan Stanley Expansion Capital and Trinity Capital Inc.
14 Feb 24
Trinity Capital Inc. Provides $20 Million Equipment Financing to Formlogic
7 Feb 24