Trinity Capital Posts 15.4% Q4 NII Growth to $39.9M, NAV Jumps 32.9%
Trinity Capital’s Q4 net investment income reached $39.9 million ($0.52/share), up 15.4%, while total investment income climbed 17.5% to $83.2 million and NAV surged to $13.42 per share, a 32.9% gain. Full-year net investment income rose 23.5% to $144.1 million as AUM hit $2.8 billion.
1. Fourth Quarter Performance
In Q4 2025, Trinity Capital reported total investment income of $83.2 million, a 17.5% year-over-year increase, and net investment income of $39.9 million (0.52 per share), up 15.4%. Return on average equity was 15.3% and NAV per share rose 32.9% year-over-year to $13.42.
2. Full Year 2025 Highlights
For the full year 2025, total investment income grew 23.5% to $293.7 million while net investment income reached $144.1 million (2.08 per share). Trinity funded $1.5 billion in new investments, achieved $636.7 million of portfolio growth at cost, and increased assets under management 38.2% to $2.8 billion.
3. Capital Deployment and Exits
During Q4, the company committed $543.1 million and funded $434.8 million across new and existing portfolio companies, and realized $218.8 million from exits, repayments, and equity sales, supporting disciplined underwriting and portfolio diversification.
4. Dividend Policy Update
Continuing six years of dividend growth, the board declared a fourth-quarter distribution of $0.51 per share and transitioned to monthly dividends effective January 2026, with quarterly payouts totaling $0.51 in the first quarter.