Trinity Capital (TRIN) Operating Expenses (2021 - 2026)
Trinity Capital (TRIN) posted quarterly Operating Expenses of $44.6 million for Q1 2026, up 36.02% year-over-year from $32.8 million in Q1 2025, and down 2.02% quarter-over-quarter from $45.5 million in Q4 2025.
Trinity Capital (TRIN) Operating Expenses (2021 - 2026) Analysis & Trends
Trinity Capital's Operating Expenses history runs 6 years deep, the most recent figure standing at $44.6 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 36.02% year-over-year to $44.6 million; the TTM figure through Mar 2026 stood at $162.6 million (up 27.75% YoY), while the FY2025 annual figure was $149.9 million, up 25.8% from the prior year.
- Operating Expenses for Q1 2026 stood at $44.6 million, down from $45.5 million in the prior quarter.
- The five-year high for Operating Expenses was $45.5 million in Q4 2025, with the low at $15.6 million in Q1 2022.
- The 5-year median for Operating Expenses is $24.7 million (2024), against an average of $28.0 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 81.89% in 2022, then gained 13.39% in 2023.
- Trinity Capital's Operating Expenses stood at $19.5 million in 2022, then advanced by 13.39% to $22.1 million in 2023, then jumped by 60.04% to $35.3 million in 2024, then grew by 28.82% to $45.5 million in 2025, then decreased by 2.02% to $44.6 million in 2026.
- Business Quant data shows TRIN's Operating Expenses at $44.6 million in Q1 2026, $45.5 million in Q4 2025, and $37.9 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Trinity Capital | 1.65 Bn | 1.63 Bn | - | 41.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 41.44 Mn |
| Mar 31, 2026 | 44.61 Mn |
| Dec 31, 2025 | 45.53 Mn |
| Sep 30, 2025 | 37.94 Mn |
| Jun 30, 2025 | 34.57 Mn |
| Mar 31, 2025 | 32.79 Mn |
| Dec 31, 2024 | 35.34 Mn |
| Sep 30, 2024 | 31.91 Mn |
| Jun 30, 2024 | 27.26 Mn |
| Mar 31, 2024 | 24.66 Mn |
| Dec 31, 2023 | 22.08 Mn |
| Sep 30, 2023 | 22.41 Mn |
| Jun 30, 2023 | 23.30 Mn |
| Mar 31, 2023 | 21.61 Mn |
| Dec 31, 2022 | 19.48 Mn |
| Sep 30, 2022 | 19.40 Mn |
| Jun 30, 2022 | 17.09 Mn |
| Mar 31, 2022 | 15.56 Mn |
| Dec 31, 2021 | 12.78 Mn |
| Sep 30, 2021 | 10.67 Mn |