Trinity Capital Inc 2025年季度报告

Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days.Yes x No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes x No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b‑2 ofthe Exchange Act: Accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b‑2 of the Act). Yes☐No☒ TRINITY CAPITAL INC.FORM 10‑Q FOR THE QUARTER ENDED March 31, 2025TABLE OFCONTENTS PART IFINANCIAL INFORMATION3Item 1.Consolidated Financial Statements3Consolidated Statements of Assets and Liabilities as of March 31, 2025 (unaudited) and December 31, 20243Consolidated Statements of Operations for the Three Months Ended March 31, 2025 and 2024 (unaudited)4Consolidated Statements of Changes in Net Assets for the Three Months Ended March 31, 2025 and 2024 (unaudited)5Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (unaudited)6Consolidated Schedule of Investments as of March 31, 2025 (unaudited)8Consolidated Schedule of Investments as of December 31, 202439Notes to Consolidated Financial Statements (unaudited)70Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations115Item 3.Quantitative and Qualitative Disclosures About Market Risk132Item 4.Controls and Procedures134PART IIOTHER INFORMATION134Item 1.Legal Proceedings134Item 1A.Risk Factors134Item 2.Unregistered Sales of Equity Securities and Use of Proceeds135Item 3.Defaults Upon Senior Securities135Item 4.Mine Safety Disclosures135Item 5.Other Information135Item 6.Exhibits135 TRINITY CAPITAL INC.Consolidated Statementsof Assets and Liabilities(In thousands, except share and per share data) Commitments and contingencies (Note 6) NET ASSETS TRINITY CAPITAL INC.Consolidated Statements of Operations(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Statements of Changes in Net Assets(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Statements of Cash Flows(In thousands)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In thousands, except share and per share data)(Unaudited) TRINITY CAPITAL INC.Consolidated Schedule of InvestmentsMarch 31, 2025(In th