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Trinity Capital Inc.

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

TRIN$17.98+1.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

PAGE NO.
Cautionary Note Regarding Forward-Looking Statements4
PART I6
Item 1Business6
Item 1ARisk Factors22
Item 1BUnresolved Staff Comments67
Item 1CCybersecurity67
Item 2Properties67
Item 3Legal Proceedings68
Item 4Mine Safety Disclosures68
PART IIOTHER INFORMATION69
Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities69
Item 6[Reserved]71
Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations72
Item 7AQuantitative and Qualitative Disclosures About Market Risk88
Item 8Financial Statements and Supplementary Data89
Note 1Organization and Basis of Presentation160
Note 2Summary of Significant Accounting Policies162
Note 3Investments168
Note 4Fair Value of Financial Instruments172
Note 5Borrowings179
Note 6Commitments and Contingencies190
Note 7Stockholder’s Equity191
Note 8Equity Incentive Plans195
Note 9Earnings Per Share197
Note 10Income Taxes198
Note 11Financial Highlights200
Note 12Related Party Transactions203
Note 13Segment Reporting206
Note 14Recent Accounting Pronouncements206
Note 15Subsequent Events206
Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure207
Item 9AControls and Procedures207
Item 9BOther Information208
Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections209
PART III210
Item 10Directors, Executive Officers and Corporate Governance210
Item 11Executive Compensation210
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters210
Item 13Certain Relationships and Related Transactions, and Director Independence210
Item 14Principal Accountant Fees and Services210
PART IV211
Item 15Exhibits and Financial Statement Schedules211
SIGNATURES215
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.