Trinity Capital Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026, disclosing total investment income of $87.170 million for the second quarter and net assets of approximately $1.267 billion as of that date.

Key Highlights

  • Total investment income: $87.170 million for the three months ended June 30, 2026, compared with $69.483 million for the same period in 2025.
  • Net investment income: $45.989 million for Q2 2026, versus $34.804 million for Q2 2025.
  • Net asset value per share: $13.47 as of June 30, 2026, up from $13.42 as of December 31, 2025.
  • Total net assets: $1.266849 billion as of June 30, 2026, compared with $1.093999 billion as of December 31, 2025.
  • Total investments at fair value: $2.732301 billion as of June 30, 2026, with a total cost basis of $2.718220 billion.
  • Shares outstanding: 94,023,371 as of June 30, 2026, up from 81,518,294 as of December 31, 2025; and 94,693,574 as of August 3, 2026.
  • Net investment income per share (basic and diluted): $0.51 for Q2 2026, versus $0.53 for Q2 2025.

Trinity Capital Q2 2026: Investment Income Growth and Balance Sheet Expansion

According to the filing, Trinity Capital Inc. (NYSE: TRIN) reported total investment income of $87.170 million for the three months ended June 30, 2026, an increase from $69.483 million for the three months ended June 30, 2025. For the six months ended June 30, 2026, total investment income was $177.298 million, compared with $134.868 million for the same period in 2025. The company disclosed that total interest and dividend income for Q2 2026 was $79.602 million, while fee and other income was $7.568 million.

The filing reported total net expenses of $40.542 million for Q2 2026, resulting in net investment income before taxes of $46.628 million. After an excise tax expense of $639 thousand, net investment income was $45.989 million. The company also reported a net realized loss from investments of $774 thousand and a net change in unrealized depreciation from investments of $810 thousand for the quarter, yielding a net increase in net assets resulting from operations of $44.405 million for Q2 2026.

On the balance sheet, total assets were $2.805372 billion as of June 30, 2026, compared with $2.484519 billion as of December 31, 2025. Total liabilities stood at $1.538523 billion, including a credit facility balance of $282.100 million and unsecured notes, net of unamortized deferred financing costs and premium/discount, of $1.017412 billion. The company disclosed that distributions to stockholders during the three months ended June 30, 2026 totaled $46.147 million, and that 6,134,888 shares of common stock were issued during Q2 2026, net of issuance costs, raising $99.481 million in paid-in capital. Distributable earnings showed an accumulated deficit of $21.016 million as of June 30, 2026.

What Was Disclosed

Trinity Capital Inc. disclosed its unaudited consolidated financial results for the quarter and six months ended June 30, 2026, covering investment income, expenses, net assets, portfolio composition, and share activity, in a Form 10-Q filed with the SEC.