Growth Metrics

Trinity Capital (TRINZ) Operating Expenses (2021 - 2026)

Trinity Capital's quarterly Operating Expenses came in at $45.7 million in Q1 2026, up 39.47% year-on-year from $32.8 million in Q1 2025, and up 12.31% quarter-over-quarter from $40.7 million in Q4 2025.

Trinity Capital has reported Operating Expenses for 6 years, with the latest figure at $45.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 39.47% year-over-year to $45.7 million; the trailing twelve-month figure through Mar 2026 stood at $159.0 million (up 24.29% YoY), and the FY2025 full-year result was $147.0 million, up 22.85% from the prior year.
  • Operating Expenses for Q1 2026 stood at $45.7 million, up from $40.7 million in the prior quarter.
  • The five-year high for Operating Expenses was $45.7 million in Q1 2026, with the low at $15.6 million in Q1 2022.
  • Average Operating Expenses over 5 years is $27.8 million, with a median of $24.7 million recorded in 2024.
  • Year-over-year, Operating Expenses soared 81.89% in 2022 and rose 13.31% in 2025.
  • Tracing TRINZ's Operating Expenses over 5 years: stood at $19.5 million in 2022, then grew by 13.39% to $22.1 million in 2023, then surged by 62.75% to $35.9 million in 2024, then climbed by 13.31% to $40.7 million in 2025, then advanced by 12.31% to $45.7 million in 2026.
  • The last three Operating Expenses figures came in at $45.7 million (Q1 2026), $40.7 million (Q4 2025), and $37.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 3.88 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 2.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 3.87 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 733.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 4.68 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.81 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 3.67 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.51 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.17 Bn
10 Trinity Capital - - - 45.74 Mn

Historic Data

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DateValue
Mar 31, 2026 45.74 Mn
Dec 31, 2025 40.72 Mn
Sep 30, 2025 37.94 Mn
Jun 30, 2025 34.57 Mn
Mar 31, 2025 32.79 Mn
Dec 31, 2024 35.94 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