v3.25.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income:        
Total interest and dividend income $ 66,713 $ 51,837 $ 129,387 $ 101,229
Fee and other income:        
Total fee and other income 2,770 2,804 5,481 3,865
Total investment income 69,483 54,641 134,868 105,094
EXPENSES:        
Interest expense and other debt financing costs 18,044 13,885 35,700 26,029
Compensation and benefits 12,489 9,944 23,134 19,808
Professional fees 1,787 1,338 3,814 2,058
General and administrative 2,246 2,092 4,713 4,021
Total gross expenses 34,566 27,259 67,361 51,916
Allocated expenses to Trinity Capital Adviser, LLC (508)   (916)  
Total net expenses 34,058 27,259 66,445 51,916
NET INVESTMENT INCOME/(LOSS) BEFORE TAXES 35,425 27,382 68,423 53,178
Excise tax expense 621 639 1,238 1,278
NET INVESTMENT INCOME 34,804 26,743 67,185 51,900
NET REALIZED GAIN/(LOSS) FROM INVESTMENTS:        
Net realized gain/(loss) from investments (8,262) (6,488) (10,416) (5,136)
NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:        
Net change in unrealized appreciation/(depreciation) from investments 14,872 10,573 11,730 (1,427)
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 41,414 $ 30,828 $ 68,499 $ 45,337
NET INVESTMENT INCOME PER SHARE - BASIC $ 0.53 $ 0.53 $ 1.05 $ 1.07
NET INVESTMENT INCOME PER SHARE - DILUTED 0.53 0.51 1.05 1.03
NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC 0.63 0.61 1.07 0.94
NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - DILUTED $ 0.63 $ 0.59 $ 1.07 $ 0.9
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC 65,911,570 50,161,680 64,242,822 48,455,033
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED 65,911,570 54,064,395 64,242,822 52,357,748
Control Investments        
Interest and dividend income:        
Total interest and dividend income $ 2,430 $ 783 $ 4,758 $ 1,635
NET REALIZED GAIN/(LOSS) FROM INVESTMENTS:        
Net realized gain/(loss) from investments   (3,916) 0 (3,916)
NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:        
Net change in unrealized appreciation/(depreciation) from investments 7,912 5,691 7,913 7,655
Affiliate Investments        
Interest and dividend income:        
Total interest and dividend income 977 474 2,250 859
Fee and other income:        
Total fee and other income 597 835 1,289 1,702
NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:        
Net change in unrealized appreciation/(depreciation) from investments 52 1,673 482 1,926
Non-Control / Non-Affiliate Investments        
Interest and dividend income:        
Total interest and dividend income 63,306 50,580 122,379 98,735
Fee and other income:        
Total fee and other income 2,173 1,969 4,192 2,163
NET REALIZED GAIN/(LOSS) FROM INVESTMENTS:        
Net realized gain/(loss) from investments (8,262) (2,572) (10,416) (1,220)
NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:        
Net change in unrealized appreciation/(depreciation) from investments $ 6,908 $ 3,209 $ 3,335 $ (11,008)