Trinity Capital delivered strong Q3 2025 results with a 29% year-over-year increase in net investment income, achieving a record net asset value and robust growth in assets under management.

• Net investment income reached $37 million, marking a significant 29% increase compared to Q3 2024.
• Record net asset value of $998 million, up 8% quarter-over-quarter and 32% year-over-year.
• Platform assets under management grew to over $2.6 billion, a 28% year-over-year increase, supported by a $1.1 billion year-to-date investment total.
• Maintained a solid credit quality with nonaccruals at just 1% of the portfolio; placed significant emphasis on disciplined underwriting and credit performance.
• Raised $83 million of equity at a 19% premium to NAV and successfully entered a joint venture to enhance liquidity and earnings potential.