Also trades as: TRNI (NYSE) · $vol 0M

$16.79

+0.34 (+2.07%)

Weekly Expected Move ±2.8%

$15 $16 $16 $17 $17

NYSE · Financial Services · Asset Management · Tech Score Sell · Power 41 · $1.5B mcap · 85M float · 1.18% daily turnover · Short 57% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $41.3M held by 33 funds, 245 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Income Trends

Revenue

$232M -2.2% ▼

5Y CAGR: +41.7%

Gross Profit

$232M +32.3% ▲

5Y CAGR: +57.7%

Operating Income

$216M +82.8% ▲

Net Income

$136M +17.3% ▲

EPS (Diluted)

$1.96 -6.7% ▼

EBITDA

$216M +82.8% ▲

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$175M	$44M	$175M	$237M	$232M
YoY Growth	+551.0%	-93.9%	+1761.8%	+29.7%	-2.2%
Cost of Revenue	$20M	$34M	$33M	$62M	$0
Gross Profit	$155M	$9M	$142M	$175M	$232M
Gross Margin	88.4%	21.6%	81.1%	73.9%	100.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$7M	$10M	$12M	$14M	$18M
Operating Expenses	$23M	$37M	$12M	$57M	$16M
Operating Income	$133M	-$28M	$130M	$118M	$216M
Operating Margin	75.5%	-64.3%	74.2%	49.8%	93.1%
Interest Expense	$20M	$34M	$44M	$62M	$81M
Income Before Tax	$133M	-$28M	$79M	$118M	$136M
Tax Expense	$255K	$2M	$3M	$3M	$0
Net Income	$132M	-$30M	$77M	$116M	$136M
Net Margin	75.4%	-69.8%	44.0%	48.7%	58.4%
EPS (Diluted)	$4.86	$-0.96	$1.89	$2.10	$1.96
EBITDA	$133M	-$28M	$121M	$118M	$216M
Shares Outstanding	27M	32M	43M	57M	69M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$57M	$82M	$60M	$76M	$66M	$50M	$83M	$86M
Cost of Revenue	$17M	$19M	$18M	$18M	$21M	$0	$17M	$0
Gross Profit	$40M	$63M	$42M	$58M	$45M	$50M	$66M	$86M
Gross Margin	70.3%	76.8%	70.6%	76.3%	68.3%	100.0%	79.3%	100.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$4M	$5M	$4M	$4M	$5M	$5M	$4M	$4M
Operating Expenses	$15M	$16M	$15M	$16M	$17M	-$13M	$4M	$4M
Operating Income	$25M	$47M	$28M	$42M	$28M	$63M	$62M	$82M
Operating Margin	44.0%	56.8%	46.1%	55.2%	42.7%	125.7%	74.0%	95.1%
Interest Expense	$17M	$19M	$18M	$18M	$21M	$24M	$24M	$25M
Income Before Tax	$25M	$47M	$28M	$42M	$28M	$39M	$46M	$56M
Tax Expense	$619K	$781K	$616K	$621K	$644K	$0	$0	$639K
Net Income	$24M	$46M	$27M	$41M	$28M	$39M	$46M	$55M
Net Margin	43.0%	55.9%	45.1%	54.4%	41.7%	78.3%	54.6%	63.8%
EPS (Diluted)	$0.43	$0.74	$0.43	$0.63	$0.39	$0.51	$0.53	$0.49
EBITDA	$25M	$47M	$28M	$42M	$28M	$63M	$62M	$82M
Shares Outstanding	58M	63M	63M	66M	71M	77M	84M	90M

TRIN NYSE

Income Trends

Profit Margins

Year-over-Year Growth

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