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Coupon, PIK at other companies

Hercules Capital logo
Hercules CapitalHTGC
10%+8.7pp
Oaktree Specialty Lending logo
Oaktree Specialty LendingOCSL
12%0.0pp
MidCap Financial Investment Corporation logo
MidCap Financial Investment CorporationMFIC
6%-2.0pp
Bain Capital Specialty Finance logo
Bain Capital Specialty FinanceBCSF
3%-5.8pp
Blue Owl Technology Finance Corp. logo
Blue Owl Technology Finance Corp.OTF
2.8%-9.3pp

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+62.8%
Enterprise value$2.86B+45.2%
P/E10.9×+4.2×

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:InvestmentInterestRatePaidInKind.

The official record: Trinity Capital’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trinity Capital's coupon, PIK?
Trinity Capital (TRIN) reported coupon, PIK of 1.5% in Q1 2026.
How has Trinity Capital's coupon, PIK changed year-over-year?
Trinity Capital's coupon, PIK decreased by 0.0% year-over-year, from 1.5% to 1.5%.
What is the long-term trend for Trinity Capital's coupon, PIK?
Over 3 years (2022 to 2025), Trinity Capital's coupon, PIK has grown at a -29.3% compound annual growth rate (CAGR), from 4.3% to 1.5%.
What does coupon, PIK mean?
The portion of interest income that is not paid in cash but is instead added to the principal balance of the loan. This allows portfolio companies to preserve cash while increasing the lender's total investment value over time. High levels of PIK interest may indicate deferred cash collection and potential liquidity risk for the borrower.