Jun 30, 2023

Trinity Capital Q2 2023 Earnings Report

Reported a strong second quarter with increased investment income and net asset value.

Key Takeaways

Trinity Capital Inc. announced its Q2 2023 financial results, featuring a 37.3% year-over-year increase in total investment income to $46.0 million, and a rise in net asset value to $13.15 per share. The company's net investment income was $22.1 million, or $0.61 per basic share, marking a 40.8% increase year-over-year. Trinity Capital continues to focus on strategic investments and portfolio diversification to drive shareholder value.

Total investment income increased by 37.3% year-over-year, reaching $46.0 million.

Net investment income was $22.1 million, or $0.61 per basic share, a 40.8% increase year-over-year.

Net asset value increased to $13.15 per share.

Total gross investments funded were $154.9 million, including investments in new and existing portfolio companies and a joint venture.

Total Revenue
$46M
Previous year: $33.5M
+37.6%
EPS
$0.58
Previous year: $0.48
+20.8%
Cash and Equivalents
$12.3M
Previous year: $13.2M
-7.2%
Total Assets
$1.19B
Previous year: $1.09B
+9.1%

Trinity Capital

Trinity Capital

Forward Guidance

No specific forward guidance was provided in the earnings report.