v3.26.3
Investments - Schedule of Portfolio Investments by Investment Type at Cost and Fair Value and as Percentage of Total Portfolio (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Schedule Of Investments [Line Items]    
Cost $ 2,839,292 [1],[2] $ 2,396,883 [3],[4]
Cost, Percentage 100.00% 100.00%
Fair Value $ 2,857,732 [1],[2],[5] $ 2,418,075 [3],[4],[6]
Fair Value, Percentage 100.00% 100.00%
Secured Loans    
Schedule Of Investments [Line Items]    
Cost $ 2,043,308 $ 1,874,010
Cost, Percentage 72.00% 78.10%
Fair Value $ 2,017,459 $ 1,863,200
Fair Value, Percentage 70.60% 77.10%
Equipment Financings    
Schedule Of Investments [Line Items]    
Cost $ 471,937 $ 337,368
Cost, Percentage 16.60% 14.10%
Fair Value $ 470,676 $ 336,764
Fair Value, Percentage 16.50% 13.90%
Equity    
Schedule Of Investments [Line Items]    
Cost $ 268,078 [1],[2] $ 131,066 [3],[4]
Cost, Percentage 9.40% 5.50%
Fair Value $ 288,384 [1],[2],[5] $ 140,185 [3],[4],[6]
Fair Value, Percentage 10.10% 5.80%
Warrants    
Schedule Of Investments [Line Items]    
Cost $ 55,969 $ 54,439
Cost, Percentage 2.00% 2.30%
Fair Value $ 81,213 $ 77,926
Fair Value, Percentage 2.80% 3.20%
[1] All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted. Equipment financed under our equipment financing investments relates to operational equipment essential to revenue production for the portfolio company in the industry noted.
[2] All portfolio companies are located in North America or Europe. As of September 30, 2026, Trinity Capital Inc. (the “Company”) had twelve foreign domiciled portfolio companies, four of which are based in Canada and eight of which are based in Europe. As of September 30, 2026, these foreign domiciled portfolio investments represented 20.2% of total net asset value based on fair value. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale and may be deemed to be “restricted securities” under the Securities Act.
[3] All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted. Equipment financed under our equipment financing investments relates to operational equipment essential to revenue production for the portfolio company in the industry noted.
[4] All portfolio companies are located in North America or Europe. As of December 31, 2025, Trinity Capital Inc. (the “Company”) had ten foreign domiciled portfolio companies, four of which are based in Canada and six of which are based in Europe. As of December 31, 2025, these foreign domiciled portfolio investments represented 15.2% of total net asset value based on fair value. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale and may be deemed to be “restricted securities” under the Securities Act.
[5] Except as noted, all investments were valued at fair value as determined in good faith by the Company’s Board of Directors (the “Board”) using Level 3 inputs.
[6] Except as noted, all investments were valued at fair value as determined in good faith by the Company’s Board of Directors (the “Board”) using Level 3 inputs.