Trinity Capital Inc. Net Assets
Trinity Capital Inc. net assets. Based on the latest financial reports, Trinity Capital Inc. (TRIN) has net assets worth $1.27 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.81 Billion) and total liabilities ($1.54 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Trinity Capital Inc. net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.27 Billion |
| % of Total Assets | 45.16% |
| Annual Growth Rate | N/A |
| 5-Year Change | 145.0% |
| 10-Year Change | N/A |
| Growth Volatility | 27.19 |
Net Assets of Trinity Capital Inc. (2019–2025)
Net assets of Trinity Capital Inc. from 2019 to 2025. This chart illustrates how Trinity Capital Inc.'s net assets have evolved over time, based on quarterly financial data. See TRIN equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Trinity Capital Inc. (2019–2025)
The table below shows the annual net assets of Trinity Capital Inc. from 2019 to 2025. For live market cap and overall valuation, see Trinity Capital Inc. (TRIN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.09 Billion | +32.93% |
| 2024-12-31 | $822.98 Million | +34.66% |
| 2023-12-31 | $611.16 Million | +32.96% |
| 2022-12-31 | $459.65 Million | +2.94% |
| 2021-12-31 | $446.53 Million | +87.03% |
| 2020-12-31 | $238.75 Million | +45662.60% |
| 2019-12-31 | $-524.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trinity Capital Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 590200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Trinity Capital Inc. Net Assets Breakdown (December 2025)
Trinity Capital Inc. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $82.00K | 0.01% |
| Other Components | $1.10 Billion | 100.58% |
| Total Equity | $1.09 Billion | 100.00% |
Trinity Capital Inc. Competitors by Market Cap
The table below lists competitors of Trinity Capital Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ORG Packaging Co Ltd
SHE:002701
|
$1.60 Billion |
|
Mayinglong Pharmaceutical Group Co Ltd
SHG:600993
|
$1.60 Billion |
|
Galapagos NV
F:GXEA
|
$1.60 Billion |
|
Systex Corp
TW:6214
|
$1.60 Billion |
|
Republic Bancorp Inc
NASDAQ:RBCAA
|
$1.60 Billion |
|
Vardhman Textiles Limited
NSE:VTL
|
$1.60 Billion |
|
Paradox Interactive AB (publ)
ST:PDX
|
$1.59 Billion |
|
Bayer Cropscience Limited
NSE:BAYERCROP
|
$1.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trinity Capital Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 822,982,000 to 1,093,999,000, a change of 271,017,000 (32.9%).
- Net income of 135,604,000 contributed positively to equity growth.
- Dividend payments of 136,366,000 reduced retained earnings.
- Share repurchases of 4,360,000 reduced equity.
- New share issuances of 289,985,000 increased equity.
- Other factors decreased equity by 13,846,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $135.60 Million | +12.4% |
| Dividends Paid | $136.37 Million | -12.46% |
| Share Repurchases | $4.36 Million | -0.4% |
| Share Issuances | $289.99 Million | +26.51% |
| Other Changes | $-13.85 Million | -1.27% |
| Total Change | $- | 32.93% |
Book Value vs Market Value Analysis
This analysis compares Trinity Capital Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.02 | $17.75 | x |
| 2020-12-31 | $9.04 | $17.75 | x |
| 2021-12-31 | $16.40 | $17.75 | x |
| 2022-12-31 | $14.51 | $17.75 | x |
| 2023-12-31 | $14.31 | $17.75 | x |
| 2024-12-31 | $14.51 | $17.75 | x |
| 2025-12-31 | $15.79 | $17.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trinity Capital Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.40%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 58.39%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.27x
- Recent ROE (12.40%) is above the historical average (8.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-471.60K |
| 2020 | -2.56% | -25.66% | 0.04x | 2.34x | $-29.99 Million |
| 2021 | 29.63% | 85.32% | 0.17x | 2.10x | $87.67 Million |
| 2022 | -6.61% | -69.77% | 0.04x | 2.45x | $-76.34 Million |
| 2023 | 12.58% | 43.98% | 0.13x | 2.15x | $15.78 Million |
| 2024 | 14.05% | 48.68% | 0.13x | 2.16x | $33.30 Million |
| 2025 | 12.40% | 58.39% | 0.09x | 2.27x | $26.20 Million |
Industry Comparison
This section compares Trinity Capital Inc.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $480,061,868
- Average return on equity (ROE) among peers: -14.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trinity Capital Inc. (TRIN) | $1.27 Billion | 0.00% | 1.21x | $1.60 Billion |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $3.12 Billion |
| AllianceBernstein Holding L.P. (AB) | $214.00 Million | 32.52% | 1.62x | $3.19 Billion |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $60.56 Million | -17.39% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $339.06 Million | 10.60% | 0.53x | $69.65 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $12.33 Million | -46.28% | 0.02x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $253.09 Million |
| Amber International Holding Limited (AMBR) | $106.64 Million | -30.39% | 0.94x | $164.48 Million |
| Affiliated Managers Group, Inc. (AMG) | $2.79 Billion | 4.96% | 0.89x | $9.76 Billion |
About Trinity Capital Inc.
Trinity Capital Inc. is a business development company specializing in term loans, equipment financing, and private equity-related investments. The firm provides tech lending, equipment financing, life sciences, warehouse lending, and sponsor finance sources. The firm is industry agnostic and invests in growth-stage companies across industries, including aerospace, software, Agricultural Equipmen… Read more