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Trinity Capital TRIN Net change in unrealized appreciation/(depreciation) on investments

Net change in unrealized appreciation/(depreciation) on investments at other companies

Hercules Capital logo
Hercules CapitalHTGC
-$15.57M+68.6%
MidCap Financial Investment Corporation logo
MidCap Financial Investment CorporationMFIC
-$485.94M-152%
Blue Owl Technology Finance Corp. logo
Blue Owl Technology Finance Corp.OTF
$306.6M+4,891%

Other financials

Income statement

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Net income$29.8M+10.1%
EPS (diluted)$0.36-16.3%

Balance sheet

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Cash & equivalents$19.6M+134%
Total debt$1.4B+40.4%
Total equity$1.2B+39.9%
Total assets$2.6B+37.6%

Cash flow

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Operating cash flow-$45.8M+27.7%

Valuation

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Market cap$1.51B+63.4%
Enterprise value$2.86B+45.5%
P/E10.9×+4.3×

Returns & leverage

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Return on equity13.8%-3.7pp
Debt / equity1.2×0.0×

Where this comes from

Reported directly by Trinity Capital in its filing.

Tagged under the XBRL concept us-gaap:InvestmentCompanyDistributableEarningsLossAccumulatedAppreciationDepreciation.

The official record: Trinity Capital’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trinity Capital's net change in unrealized appreciation/(depreciation) on investments?
Trinity Capital (TRIN) reported net change in unrealized appreciation/(depreciation) on investments of $9.16M in Q4 2025.
How has Trinity Capital's net change in unrealized appreciation/(depreciation) on investments changed year-over-year?
Trinity Capital's net change in unrealized appreciation/(depreciation) on investments increased by 117.4% year-over-year, from -$52.66M to $9.16M.
What is the long-term trend for Trinity Capital's net change in unrealized appreciation/(depreciation) on investments?
Over 4 years (2021 to 2025), Trinity Capital's net change in unrealized appreciation/(depreciation) on investments has grown at a -40.0% compound annual growth rate (CAGR), from $70.81M to $9.16M.
What does net change in unrealized appreciation/(depreciation) on investments mean?
This measures the change in the market value of the investment portfolio that has not yet been realized through a sale. It serves as a primary indicator of the performance of the underlying portfolio companies and the potential future impact on net asset value.