TRIN: Trinity Capital Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Trinity Capital Inc (TRIN).
$852.37M Market Cap.
TRIN Market Cap. (MRY)
TRIN Shares Outstanding (MRY)
TRIN Assets (MRY)
Total Assets
$1.77B
Total Liabilities
$951.26M
Total Investments
$1.73B
TRIN Income (MRY)
Revenue
$237.69M
Net Income
$115.60M
Operating Expense
$16.85M
TRIN Cash Flow (MRY)
CF Operations
-$316.91M
CF Investing
-$420.00K
CF Financing
$322.19M
TRIN Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $1,774,241,000 (35.34%) | $1,310,982,000 (16.38%) | $1,126,439,000 (20.20%) | $937,118,000 (67.43%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $822,982,000 (34.66%) | $611,159,000 (32.96%) | $459,649,000 (2.94%) | $446,533,000 (87.03%) |
Property Plant & Equipment Net | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Cash & Equivalents | $9,627,000 (102.21%) | $4,761,000 (-55.14%) | $10,612,000 (-77.30%) | $46,742,000 (-23.50%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $1,725,570,000 (35.32%) | $1,275,180,000 (16.52%) | $1,094,386,000 (25.29%) | $873,470,000 (76.94%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $65,114,000 (35.87%) | $47,922,000 (16.61%) | $41,097,000 (68.45%) | $24,397,000 (82.91%) |
Accumulated Retained Earnings (Deficit) | -$6,706,000 (70.36%) | -$22,627,000 (-8.17%) | -$20,918,000 (-126.85%) | $77,897,000 (416.19%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $877,673,000 (37.22%) | $639,614,000 (4.75%) | $610,593,000 (34.09%) | $455,348,000 (51.91%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $951,259,000 (35.93%) | $699,823,000 (4.95%) | $666,790,000 (35.92%) | $490,585,000 (52.85%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
TRIN Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $237,691,000 (30.70%) | $181,855,000 (24.99%) | $145,500,000 (77.02%) | $82,192,000 (49.54%) |
Cost of Revenue | $43,517,000 (31.50%) | $33,093,000 (21.71%) | $27,189,000 (75.21%) | $15,518,000 (48.74%) |
Selling General & Administrative Expense | $8,858,000 (34.25%) | $6,598,000 (8.61%) | $6,075,000 (40.43%) | $4,326,000 (105.61%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $16,854,000 (15.72%) | $14,565,000 (15.81%) | $12,577,000 (73.52%) | $7,248,000 (65.22%) |
Interest Expense | $61,948,000 (39.85%) | $44,296,000 (29.72%) | $34,148,000 (67.44%) | $20,394,000 (21.59%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $115,596,000 (50.33%) | $76,893,000 (353.15%) | -$30,375,000 (-122.96%) | $132,320,000 (2264.92%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $115,596,000 (50.33%) | $76,893,000 (353.15%) | -$30,375,000 (-122.96%) | $132,320,000 (2264.92%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $115,596,000 (50.33%) | $76,893,000 (353.15%) | -$30,375,000 (-122.96%) | $132,320,000 (2264.92%) |
Weighted Average Shares | $52,705,732 (35.45%) | $38,910,150 (22.85%) | $31,672,089 (21.91%) | $25,980,797 (43.60%) |
Weighted Average Shares Diluted | $56,728,848 (32.84%) | $42,705,875 (21.36%) | $35,189,709 (20.02%) | $29,320,597 (62.06%) |
Earning Before Interest & Taxes (EBIT) | $177,544,000 (46.50%) | $121,189,000 (3112.01%) | $3,773,000 (-97.53%) | $152,714,000 (1332.45%) |
Gross Profit | $194,174,000 (30.53%) | $148,762,000 (25.74%) | $118,311,000 (77.45%) | $66,674,000 (49.72%) |
Operating Income | $177,320,000 (32.13%) | $134,197,000 (26.92%) | $105,734,000 (77.93%) | $59,426,000 (48.03%) |
TRIN Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$420,000 (84.69%) | -$2,744,000 (-1314.43%) | -$194,000 (83.89%) | -$1,204,000 (98.69%) |
Net Cash Flow from Financing | $322,195,000 (245.88%) | $93,153,000 (-53.38%) | $199,806,000 (-12.56%) | $228,518,000 (8.15%) |
Net Cash Flow from Operations | -$316,909,000 (-229.22%) | -$96,260,000 (59.17%) | -$235,742,000 (2.45%) | -$241,673,000 (-315.06%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $4,866,000 (183.17%) | -$5,851,000 (83.81%) | -$36,130,000 (-151.62%) | -$14,359,000 (-123.50%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$420,000 (84.69%) | -$2,744,000 (-1314.43%) | -$194,000 (83.89%) | -$1,204,000 (-375.89%) |
Issuance (Repayment) of Debt Securities | $228,222,000 (794.99%) | $25,500,000 (-83.10%) | $150,854,000 (-3.30%) | $156,000,000 (31.44%) |
Issuance (Purchase) of Equity Shares | $196,505,000 (34.17%) | $146,455,000 (33.01%) | $110,107,000 (5.22%) | $104,646,000 (-8.58%) |
Payment of Dividends & Other Cash Distributions | -$102,532,000 (-30.11%) | -$78,802,000 (-28.86%) | -$61,155,000 (-145.36%) | -$24,925,000 (-140.82%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $10,543,000 (19.82%) | $8,799,000 (45.15%) | $6,062,000 (468.67%) | $1,066,000 (0%) |
Depreciation Amortization & Accretion | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
TRIN Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 81.70% (-0.12%) | 81.80% (0.62%) | 81.30% (0.25%) | 81.10% (0.12%) |
Profit Margin | 48.60% (14.89%) | 42.30% (302.39%) | -20.90% (-112.98%) | 161.00% (1550.45%) |
EBITDA Margin | 74.70% (12.16%) | 66.60% (2461.54%) | 2.60% (-98.60%) | 185.80% (857.73%) |
Return on Average Equity (ROAE) | 16.00% (11.11%) | 14.40% (314.93%) | -6.70% (-120.06%) | 33.40% (1384.62%) |
Return on Average Assets (ROAA) | 7.20% (12.50%) | 6.40% (328.57%) | -2.80% (-115.30%) | 18.30% (1625.00%) |
Return on Sales (ROS) | 74.70% (12.16%) | 66.60% (2461.54%) | 2.60% (-98.60%) | 185.80% (857.73%) |
Return on Invested Capital (ROIC) | 7.40% (8.82%) | 6.80% (3300.00%) | 0.20% (-98.71%) | 15.50% (933.33%) |
Dividend Yield | 14.10% (0.71%) | 14.00% (-34.27%) | 21.30% (195.83%) | 7.20% |
Price to Earnings Ratio (P/E) | 6.61 (-9.96%) | 7.34 (164.45%) | -11.38 (-429.62%) | 3.45 |
Price to Sales Ratio (P/S) | 3.21 (3.22%) | 3.11 (30.69%) | 2.38 (-57.19%) | 5.56 |
Price to Book Ratio (P/B) | 1.04 (-0.10%) | 1.04 (24.04%) | 0.84 (-21.94%) | 1.07 |
Debt to Equity Ratio (D/E) | 1.16 (0.96%) | 1.15 (-21.09%) | 1.45 (32.03%) | 1.1 (-18.23%) |
Earnings Per Share (EPS) | 2.19 (10.61%) | 1.98 (306.25%) | -0.96 (-118.86%) | 5.09 (1597.06%) |
Sales Per Share (SPS) | 4.51 (-3.51%) | 4.67 (1.74%) | 4.59 (45.20%) | 3.16 (4.15%) |
Free Cash Flow Per Share (FCFPS) | -6.02 (-136.67%) | -2.54 (65.85%) | -7.45 (20.31%) | -9.35 (-189.23%) |
Book Value Per Share (BVPS) | 15.62 (-0.59%) | 15.71 (8.23%) | 14.51 (-15.56%) | 17.19 (30.24%) |
Tangible Assets Book Value Per Share (TABVPS) | 33.66 (-0.09%) | 33.69 (-5.27%) | 35.57 (-1.40%) | 36.07 (16.60%) |
Enterprise Value Over EBIT (EV/EBIT) | 10 (0.00%) | 10 (-95.85%) | 241 (4720.00%) | 5 |
Enterprise Value Over EBITDA (EV/EBITDA) | 9.89 (4.04%) | 9.51 (-96.06%) | 241.18 (4889.33%) | 4.83 |
Asset Turnover | 0.15 (-2.63%) | 0.15 (11.76%) | 0.14 (20.35%) | 0.11 (1.80%) |
Current Ratio | - | - | - | - |
Dividends | $2.04 (0.00%) | $2.04 (-12.45%) | $2.33 (84.92%) | $1.26 (0%) |
Free Cash Flow (FCF) | -$317,329,000 (-220.52%) | -$99,004,000 (58.04%) | -$235,936,000 (2.86%) | -$242,877,000 (-315.32%) |
Enterprise Value (EV) | $1,756,418,114 (52.42%) | $1,152,387,557 (26.64%) | $909,987,089 (23.26%) | $738,258,727 |
Earnings Before Tax (EBT) | $115,596,000 (50.33%) | $76,893,000 (353.15%) | -$30,375,000 (-122.96%) | $132,320,000 (2264.92%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $177,544,000 (46.50%) | $121,189,000 (3112.01%) | $3,773,000 (-97.53%) | $152,714,000 (1332.45%) |
Invested Capital | $2,642,287,000 (35.79%) | $1,945,835,000 (12.71%) | $1,726,420,000 (28.29%) | $1,345,724,000 (68.56%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $1,774,241,000 (35.34%) | $1,310,982,000 (16.38%) | $1,126,439,000 (20.20%) | $937,118,000 (67.43%) |
Market Capitalization | $852,367,114 (34.47%) | $633,883,557 (64.90%) | $384,410,089 (-19.62%) | $478,213,727 |
Average Equity | $721,533,000 (35.35%) | $533,071,750 (16.87%) | $456,124,000 (14.98%) | $396,705,500 (70.76%) |
Average Assets | $1,606,030,750 (34.56%) | $1,193,573,250 (11.57%) | $1,069,826,750 (47.56%) | $724,989,750 (46.05%) |
Invested Capital Average | $2,408,078,000 (34.32%) | $1,792,841,250 (11.22%) | $1,611,929,250 (64.02%) | $982,745,000 (42.69%) |
Shares | 58,905,813 (35.03%) | 43,625,847 (24.04%) | 35,170,182 (29.29%) | 27,202,146 (49.17%) |
