What is Trinity Capital's latest dividend and current dividend yield?

What were the key takeaways from Trinity Capital’s earnings call?

What is the revenue and EPS growth rate for Trinity Capital year over year?

What were the key takeaways from Trinity Capital's earnings call?

What is the market's earnings forecast for Trinity Capital next quarter?

What is Trinity Capital's gross profit margin?

What does Trinity Capital do and what are its main business segments?

What factors drove the changes in Trinity Capital's revenue and profit?

- **Record Q3 Growth**: 29% YoY net investment income, 8% QoQ NAV increase, and $2.6B AUM. 
- **Resilient to Rate Cuts**: 80%+ loans at floor rates; minimal income impact. 
- **Managed Funds Expansion**: $83M ATM raise, new JV, and $260M SBIC fund. 
- **Strong Credit Metrics**: 1% nonaccruals, 99% performing loans. 
- **Leverage Reduction Plan**: Targeting 1.0x+ via fee income from RIA. 
- **Pipeline Momentum**: $1.2B unfunded commitments; 5 verticals diversifying risk.

**【CEO Summary Section】**
- **Q3 Performance Highlights**: $37M net investment income (29% YoY growth), NAV up 8% QoQ to $998M, AUM $2.6B (28% YoY), and $0.51 dividend (23rd consecutive quarter). 
- **Market Leadership**: NAV up 32% YoY vs. peer average 63%; stock +114% vs. S&P 500 +78% since IPO. 
- **Pipeline Strength**: $471M funded Q3, $1.1B YTD; $1.2B unfunded commitments (94% subject to diligence). 
- **Rate Environment Resilience**: 80%+ loans hit floor rates; minimal income impact from rate cuts. 
- **Managed Funds Growth**: $83M raised via ATM (19% premium to NAV); new JV and SBIC fund ($260M+ capacity). 
- **Differentiated Model**: 5 verticals (sponsor finance, equipment, tech, ABL, life sciences) with no single borrower >3.4% exposure. 

**【CFO Financial Commentary】**
- **Financial Results**: $75.6M total investment income (22% YoY), 15.3% ROE, 15% portfolio yield. 
- **Capital Management**: $83M equity raised Q3; $409M off-balance sheet assets. Net leverage 1.18x. 
- **Tax Efficiency**: $63M undistributed taxable income reinvested. 
- **Fee Income**: $3.3M from co-investment vehicles. 

**【Q&A Key Highlights】**
- **Off-Balance Sheet Capacity**: $200M+ in new vehicle; existing funds 75%+ funded. 
- **Team Scaling**: 2026 plan supported by current team; ABL/sponsor finance verticals growing. 
- **Competition**: Minimal overlap with BDCs; niche verticals maintain spread discipline. 
- **Compensation Growth**: Hiring for U.S. and U.K. expansion; no one-time costs. 
- **Portfolio Health**: 99% performing loans; nonaccruals 1% of portfolio. 
- **Leverage Strategy**: Long-term plan to reduce leverage via RIA fee income. 
- **Nomad Health Restructuring**: 2/3 debt converted to equity; remaining 1/3 on nonaccrual. 
- **Consumer Exposure**: <2.4% of portfolio in B2B receivables. 
- **Leverage Ratio Outlook**: Targeting gradual reduction to 1.0x+ via off-balance sheet growth.

TRIN

TRIN fundamentals

You can ask Aime