)

Trinity Capital (TRIN) investor relations material
Trinity Capital Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net investment income reached $34.8M, up 30% year-over-year, with total investment income of $69.5M and a net interest margin of 11.7%.
Net asset value (NAV) grew 11% sequentially to $924M, with NAV per share increasing to $13.27.
Platform AUM surpassed $2.3B, with $1,875.1M in portfolio assets and $2,000.9M in total debt investments at cost.
Paid a $0.51 per share dividend for the 22nd consecutive quarter, with annualized dividend yield at 14.5%.
Cumulative stock return since IPO is 88%, outpacing peers and the S&P 500.
Financial highlights
Net investment income per share was $0.53, covering 104% of the quarterly distribution and up from $0.52 in the previous quarter.
Net increase in net assets from operations was $41.4M, or $0.63 per share.
Effective yield on portfolio for Q2 was 15.7%, with a core yield of 13.9%.
Net leverage ratio was 1.12x–1.15x; strong liquidity and no debt maturities until August 2026.
Co-investment vehicles contributed $1.9M in incremental net investment income.
Outlook and guidance
Funded $585M in the first half, exceeding last year's record by over 20%.
Investment pipeline remains robust with $849M in unfunded commitments at Q2 end.
Management expects continued strong deployment in Q3, supported by signed term sheets and equipment financing demand.
Lower interest rates anticipated to benefit prepayments, fee income, and reduce borrowing costs.
Management emphasizes stable returns through diversified private credit exposure and disciplined underwriting.
Next Trinity Capital earnings date

Next Trinity Capital earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage