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Hercules Capital, Inc.(HTGC)Earnings, Financials & Key Ratios
HTGC•NYSE•Banking & Credit
$16.44
$3.02B mkt cap·8.9× P/E·Price updated May 6, 2026
AboutHercules Capital, Inc. is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, emerging growth, mid venture, and late venture financing. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, energy technology, sustainable and renewable technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; gaming; healthcare services; information services; business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, development and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. It also invests in educational services. The firm invests primarily in United States based companies and considers investment in the West Coast, Mid-Atlantic regions, Southeast and Midwest; particularly in the areas of software, biotech and information services. The firm prefers to invest between $10 million to $250 million in equity per transactions. It invests generally between $1 million to $40 million in companies focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in private companies but also have investments in public companies. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies which may exceed 25% of the voting securities of such companies. The firm seeks to invest a limited portion of its assets in equipment-based loans to early-stage prospective portfolio companies. These loans are generally for amounts up to $3 million but may be up to $15 million for certain energy technology venture investments. The firm allows certain debt investments have the right to convert a portion of the debt investment into equity. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. The firm has structured debt with warrants which typically have maturities of between two and seven years with an average of three years; senior debt with an investment horizon of less than three years; equipment loans with an investment horizon ranging from three to four years; and equity related securities with an investment horizon ranging from three to seven years. The firm prefers to invest through its balance sheet capital. The firm formerly known as Hercules Technology Growth Capital, Inc. Hercules Capital, Inc. was founded in December 2003 and is based in Palo Alto, California with additional offices in Connecticut; Boston, Massachusetts; San Diego, California; Westport, Connecticut; Elmhurst, Illinois; Santa Monica, California; McLean, Virginia; New York, New York; Radnor, Pennsylvania; and Washington, District of Columbia and London, United Kingdom.Show more
- Net Interest Income$416M+6.6%
- Total Revenue$547M+27.0%
- Net Income$340M+29.2%
- Return on Equity16.16%+16.5%
- Net Interest Margin9.07%-10.9%
- Efficiency Ratio20.49%-2.7%
- ROA8.07%+11.3%
- Equity / Assets48.34%-6.9%
- Book Value per Share11.38-7.6%
- Tangible BV/Share11.38-7.6%
- Debt/Equity1.04+15.7%
HTGC Key Insights
Hercules Capital, Inc. (HTGC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 9.1%
- ✓Efficient operations: 20.5% efficiency ratio
- ✓Well capitalized: 48.3% equity/assets
- ✓Good 3Y average ROE of 17.0%
- ✓Trading at only 1.4x book value
✗Weaknesses
- ✗Shares diluted 20.5% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HTGC Price & Volume
Hercules Capital, Inc. (HTGC) stock price & volume — 10-year historical chart
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HTGC Growth Metrics
Hercules Capital, Inc. (HTGC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years15.77%
5 Years8.89%
3 Years31.72%
TTM-
Profit CAGR
10 Years22.99%
5 Years8.37%
3 Years49.3%
TTM30.16%
EPS CAGR
10 Years12.11%
5 Years-1.65%
3 Years32.79%
TTM33.08%
Return on Capital
10 Years7.01%
5 Years7.68%
3 Years9.03%
Last Year8.8%
HTGC Recent Earnings
Hercules Capital, Inc. (HTGC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 5, 2026EPS
$0.48
Est $0.47
+2.1%
Revenue
$142M
Est $141M
+0.1%
Q1 2026
Feb 12, 2026EPS
$0.48
Est $0.48
+0.0%
Revenue
$137M
Est $142M
-2.9%
Q4 2025
Oct 30, 2025EPS
$0.49
Est $0.48
+2.1%
Revenue
$169M
Est $141M
+19.9%
Q3 2025
Jul 31, 2025EPS
$0.50
Est $0.47
+6.4%
Revenue
$80M
Est $136M
-41.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.48vs $0.47+2.1% | $142Mvs $141M+0.1% |
| Q1 2026 | Feb 12, 2026 | $0.48vs $0.48+0.0% | $137Mvs $142M-2.9% |
| Q4 2025 | Oct 30, 2025 | $0.49vs $0.48+2.1% | $169Mvs $141M+19.9% |
| Q3 2025 | Jul 31, 2025 | $0.50vs $0.47+6.4% | $80Mvs $136M-41.3% |
Based on last 12 quarters of dataView full earnings history →
HTGC Peer Comparison
Hercules Capital, Inc. (HTGC) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ARCC | 13.76B | 19.16 | 10.30 | 32.87% | 8.11% | 1.12 | ||
 GBDC | 3.47B | 13.31 | 9.37 | 42.5% | 5.24% | 1.23 | ||
 OBDC | 5.84B | 11.76 | 9.48 | 52.55% | 7.29% | 1.26 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 GSBD | 1.16B | 10.15 | 9.85 | 89.98% | 12.76% | |||
 SLRC | 761.04M | 13.95 | 8.21 | 24.76% | 7.31% | 1.15 | ||
 CGBD | 866.09M | 11.88 | 7.52 | -2.92% | 6.2% | 1.07 | ||
 FDUS | 705.19M | 18.58 | 8.01 | 40.09% | 11.68% | 0.31 |
Compare HTGC vs Peers
Hercules Capital, Inc. (HTGC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HTGC Income Statement
Hercules Capital, Inc. (HTGC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 134.34M | 151.2M | 192.92M | 203.77M | 198.91M | 252.51M | 366.81M | 390.04M | 415.71M | 319.84M |
| NII Growth % | 6.02% | 12.55% | 27.59% | 5.63% | -2.39% | 26.94% | 45.26% | 6.34% | 6.58% | -71.18% |
| Net Interest Margin % | 8.12% | 7.77% | 7.84% | 7.77% | 7.65% | 8.34% | 10.73% | 10.18% | 9.07% | 6.63% |
| Interest Income | 172.2M | 190.64M | 247.51M | 263.38M | 253.36M | 307.26M | 434.43M | 467.19M | 507.89M | 392.31M |
| Interest Expense | 37.86M | 39.44M | 54.6M | 59.6M | 54.45M | 54.75M | 67.62M | 77.15M | 92.18M | 72.48M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22.33M | -5.04M |
| Non-Interest Income | 1.24M | -15.12M | 50.69M | 94M | 56.22M | -67.87M | 59.69M | -36.3M | 39.21M | 185.87M |
| Non-Interest Income % | 0.71% | -8.61% | 17% | 26.3% | 18.16% | -28.35% | 12.08% | -8.42% | 7.17% | 32.15% |
| Total Revenue | 173.43M▲ 0% | 175.52M▲ 1.2% | 298.2M▲ 69.9% | 357.38M▲ 19.8% | 309.58M▼ 13.4% | 239.39M▼ 22.7% | 494.12M▲ 106.4% | 430.9M▼ 12.8% | 547.1M▲ 27.0% | 578.18M▲ 0% |
| Revenue Growth % | 20.94% | 1.2% | 69.9% | 19.85% | -13.37% | -22.67% | 106.41% | -12.79% | 26.97% | 191.78% |
| Non-Interest Expense | 56.58M | 59.59M | 70.01M | 70.51M | 80.98M | 82.56M | 89.01M | 90.78M | 112.09M | 130.49M |
| Efficiency Ratio | 32.62% | 33.95% | 23.48% | 19.73% | 26.16% | 34.49% | 18.01% | 21.07% | 20.49% | 22.57% |
| Operating Income | 79M▲ 0% | 76.5M▼ 3.2% | 173.6M▲ 126.9% | 227.26M▲ 30.9% | 174.16M▼ 23.4% | 102.08M▼ 41.4% | 337.48M▲ 230.6% | 262.97M▼ 22.1% | 365.16M▲ 38.9% | 380.26M▲ 0% |
| Operating Margin % | 45.55% | 43.58% | 58.22% | 63.59% | 56.25% | 42.64% | 68.3% | 61.03% | 66.75% | 65.77% |
| Operating Income Growth % | 14.98% | -3.17% | 126.94% | 30.91% | -23.37% | -41.38% | 230.6% | -22.08% | 38.86% | - |
| Pretax Income | 79M▲ 0% | 76.5M▼ 3.2% | 173.6M▲ 126.9% | 227.26M▲ 30.9% | 174.16M▼ 23.4% | 102.08M▼ 41.4% | 337.48M▲ 230.6% | 262.97M▼ 22.1% | 339.74M▲ 29.2% | 289.4M▲ 0% |
| Pretax Margin % | 45.55% | 43.58% | 58.22% | 63.59% | 56.25% | 42.64% | 68.3% | 61.03% | 62.1% | 50.05% |
| Income Tax | 49.05M | 37.86K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 62.1% | 0.05% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 79M▲ 0% | 76.5M▼ 3.2% | 173.6M▲ 126.9% | 227.26M▲ 30.9% | 174.16M▼ 23.4% | 102.08M▼ 41.4% | 337.48M▲ 230.6% | 262.97M▼ 22.1% | 339.74M▲ 29.2% | 289.4M▲ 0% |
| Net Margin % | 45.55% | 43.58% | 58.22% | 63.59% | 56.25% | 42.64% | 68.3% | 61.03% | 62.1% | 50.05% |
| Net Income Growth % | 14.98% | -3.17% | 126.94% | 30.91% | -23.37% | -41.38% | 230.6% | -22.08% | 29.19% | 30.16% |
| Net Income (Continuing) | 79M | 76.5M | 173.6M | 227.26M | 174.16M | 102.08M | 337.48M | 262.97M | 339.74M | 289.4M |
| EPS (Diluted) | 0.95▲ 0% | 0.83▼ 12.6% | 1.71▲ 106.0% | 2.01▲ 17.5% | 1.49▼ 25.9% | 0.79▼ 47.0% | 2.31▲ 192.4% | 1.61▼ 30.3% | 1.85▲ 14.9% | 1.47▲ 0% |
| EPS Growth % | 4.4% | -12.63% | 106.02% | 17.54% | -25.87% | -46.98% | 192.41% | -30.3% | 14.91% | 33.08% |
| EPS (Basic) | 0.95 | 0.83 | 1.71 | 2.02 | 1.50 | 0.80 | 2.32 | 1.61 | 1.90 | - |
| Diluted Shares Outstanding | 82.64M | 91.06M | 101.57M | 112.27M | 115.95M | 126.66M | 144.83M | 161.6M | 194.79M | 196.82M |
HTGC Balance Sheet
Hercules Capital, Inc. (HTGC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 91.31M | 34.21M | 64.39M | 198.28M | 133.12M | 15.8M | 98.9M | 113.12M | 56.87M | 180.89M |
| Cash & Due from Banks | 91.31M | 34.21M | 64.39M | 198.28M | 133.12M | 15.8M | 98.9M | 113.12M | 56.87M | 42.37M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.54B | 1.88B | 2.31B | 2.35B | 2.43B | 2.96B | 3.25B | 3.66B | 4.47B | 4.72B |
| Investments Growth % | 8.31% | 21.93% | 23.09% | 1.71% | 3.42% | 21.75% | 9.58% | 12.68% | 22.04% | 80.34% |
| Long-Term Investments | 1.54B | 1.88B | 2.31B | 2.35B | 2.43B | 2.96B | 3.25B | 3.66B | 4.47B | 12.95B |
| Accounts Receivables | 12.26M | 16.96M | 20.21M | 19.08M | 17.36M | 31.68M | 32.74M | 32.58M | 37.26M | 40.38M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 11.66M | 9.28M | 6.76M | 4.99M | 4.79M | 16.78M | 14.84M | 14.35M |
| Other Assets | 8.93M | 13.65M | 580K | 3.88M | 4.54M | 1.48M | 4.45M | -3.66B | -4.47B | 0 |
| Total Current Assets | 103.57M | 51.17M | 135.2M | 256.76M | 154.19M | 58.43M | 159.64M | 75.26M | 94.14M | 82.74M |
| Total Non-Current Assets | 1.55B | 1.89B | 2.33B | 2.37B | 2.45B | 2.97B | 3.26B | 16.78M | 14.84M | 14.35M |
| Total Assets | 1.65B▲ 0% | 1.95B▲ 17.6% | 2.46B▲ 26.6% | 2.62B▲ 6.6% | 2.6B▼ 0.9% | 3.03B▲ 16.5% | 3.42B▲ 12.8% | 3.83B▲ 12.1% | 4.58B▲ 19.6% | 4.83B▲ 0% |
| Asset Growth % | 13.01% | 17.55% | 26.57% | 6.58% | -0.91% | 16.49% | 12.81% | 12.14% | 19.64% | 76.66% |
| Return on Assets (ROA) | 5.07% | 4.25% | 7.88% | 8.94% | 6.67% | 3.63% | 10.47% | 7.26% | 8.07% | 6.39% |
| Accounts Payable | 26.9M | 25.96M | 30.31M | 36.34M | 42.08M | 46.34M | 50.79M | 54.86M | 65.26M | 0 |
| Total Debt | 786.85M | 963.79M | 1.3B | 1.3B | 1.24B | 1.58B | 1.56B | 1.79B | 2.3B | 15.2M |
| Net Debt | 695.54M | 929.57M | 1.23B | 1.1B | 1.11B | 1.56B | 1.46B | 1.67B | 2.25B | -27.16M |
| Long-Term Debt | 786.85M | 910.83M | 1.29B | 1.29B | 857M | 1.57B | 1.45B | 1.77B | 2.3B | 0 |
| Short-Term Debt | 0 | 52.96M | 0 | 0 | 379.3M | 0 | 104.83M | 3.09M | 0 | 15.2M |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.58B |
| Total Current Liabilities | 26.9M | 78.92M | 30.31M | 36.34M | 427.08M | 47.54M | 158.98M | 54.86M | 65.26M | 15.2M |
| Total Non-Current Liabilities | 786.85M | 910.83M | 1.3B | 1.3B | 864.38M | 1.58B | 1.45B | 1.79B | 2.3B | 2.58B |
| Total Liabilities | 813.75M | 989.75M | 1.33B | 1.33B | 1.29B | 1.63B | 1.61B | 1.84B | 2.37B | 2.6B |
| Total Equity | 840.97M▲ 0% | 955.44M▲ 13.6% | 1.13B▲ 18.6% | 1.29B▲ 14.0% | 1.31B▲ 1.3% | 1.4B▲ 7.1% | 1.8B▲ 28.6% | 1.99B▲ 10.4% | 2.22B▲ 11.4% | 2.23B▲ 0% |
| Equity Growth % | 6.73% | 13.61% | 18.59% | 14% | 1.3% | 7.1% | 28.63% | 10.37% | 11.38% | 56.82% |
| Equity / Assets (Capital Ratio) | 50.82% | 49.12% | 46.02% | 49.23% | 50.33% | 46.27% | 52.76% | 51.93% | 48.34% | 46.14% |
| Return on Equity (ROE) | 9.7% | 8.52% | 16.62% | 18.75% | 13.4% | 7.53% | 21.07% | 13.87% | 16.16% | 13.18% |
| Book Value per Share | 10.18 | 10.49 | 11.16 | 11.51 | 11.28 | 11.06 | 12.45 | 12.31 | 11.38 | 11.31 |
| Tangible BV per Share | 10.18 | 10.49 | 11.16 | 11.51 | 11.28 | 11.06 | 12.45 | 12.31 | 11.38 | 11.31 |
| Common Stock | 85K | 96K | 108K | 115K | 117K | 134K | 158K | 171K | 183K | 187.36M |
| Additional Paid-in Capital | 908.5M | 1.05B | 1.15B | 1.16B | 1.09B | 1.34B | 1.66B | 1.9B | 2.11B | 0 |
| Retained Earnings | -67.62M | -92.86M | -12.16M | 133.39M | 216.52M | 59.91M | 140.01M | 88.92M | 101.15M | 0 |
| Accumulated OCI | -100.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | -4.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
HTGC Cash Flow Statement
Hercules Capital, Inc. (HTGC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -18.4M | -248.97M | -240.66M | 207.8M | 128.62M | -424.8M | 68.28M | -118.09M | -425.8M | -425.8M |
| Operating CF Growth % | 86.7% | -1253.1% | 3.34% | 186.35% | -38.1% | -430.27% | 116.07% | -272.95% | -260.58% | -451.58% |
| Net Income | 79M | 76.5M | 173.6M | 227.26M | 174.16M | 102.08M | 337.48M | 31.49M | -137.34M | 289.4M |
| Depreciation & Amortization | 201K | 199K | 262K | 415K | 7.36M | 5.88M | 190K | 466K | -38.81M | -2.62M |
| Deferred Taxes | -89.7M | -326.49M | 0 | -8.47M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -18.13M | -5.1M | -426.58M | -25.62M | -78.22M | -529.91M | -252.23M | -165.46M | -270.34M | -649.18M |
| Working Capital Changes | 2.98M | -5.34M | 3.42M | 5.74M | 13.39M | -16.23M | -17.17M | 15.42M | 5.9M | 24.42M |
| Cash from Investing | 4.36M | -475K | -595K | -137K | -106K | -114K | -887K | -705K | -89K | -82.68M |
| Purchase of Investments | -764.79M | -960.84M | 0 | -761.26M | 0 | 0 | 0 | -1.54B | -1.7B | -1.46B |
| Sale/Maturity of Investments | 23.88M | 19.89M | 0 | 32.78M | 0 | 0 | 0 | 1.01B | 120.9M | 203.81M |
| Net Investment Activity | -740.91M | -940.96M | 0 | -728.48M | 0 | 0 | 0 | -537.33M | -1.58B | -1.26B |
| Acquisitions | 740.91M | 475K | 0 | 137K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 4.64M | 940.96M | 0 | 728.48M | 0 | 0 | 0 | 537.33M | 1.58B | 1.17B |
| Cash from Financing | 92.3M | 200.31M | 310.4M | -85.04M | -229.87M | 314.52M | 22.75M | 119.2M | 368.92M | 424.94M |
| Dividends Paid | -100.89M | -112.72M | -132.05M | -152.42M | -175.5M | -245.12M | -273.68M | -303.48M | -325.99M | -247.12M |
| Share Repurchases | -2.69M | -4.96M | -5.12M | -1.84M | -2.82M | -4.53M | -12.7M | -3.43M | -6.49M | -3.02M |
| Stock Issued | 66.94M | 144.39M | 133.99M | 77.18M | 0 | 0 | 344.35M | 220.88M | 0 | 218.19M |
| Net Stock Activity | 64.25M | 139.44M | 128.87M | 75.34M | -2.82M | -4.53M | 331.64M | 217.44M | -6.49M | 215.17M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 3M |
| Other Financing | 60.67M | 140.38M | -8.88M | 72.15M | -1.49M | 221.14M | 333.13M | -8.4M | 189.88M | 206.67M |
| Net Change in Cash | 78.27M▲ 0% | -49.14M▼ 162.8% | 69.14M▲ 240.7% | 122.63M▲ 77.4% | -101.36M▼ 182.7% | -110.39M▼ 8.9% | 90.14M▲ 181.7% | 408K▼ 99.5% | -56.97M▼ 14062.5% | -9.39M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 13.04M | 95M | 45.86M | 115M | 237.62M | 136.26M | 25.88M | 116.01M | 116.42M | 59.45M |
| Cash at End | 91.31M | 45.86M | 115M | 237.62M | 136.26M | 25.88M | 116.01M | 116.42M | 59.45M | 44.93M |
| Interest Paid | 33.58M | 38.96M | 51.82M | 0 | 51.47M | 52.08M | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 1.08M | 713K | 1.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -18.67M▲ 0% | -249.44M▼ 1235.8% | -241.26M▲ 3.3% | 207.66M▲ 186.1% | 128.51M▼ 38.1% | -424.91M▼ 430.6% | 67.39M▲ 115.9% | -118.79M▼ 276.3% | -425.89M▼ 258.5% | -351.74M▲ 0% |
| FCF Growth % | 86.53% | -1235.79% | 3.28% | 186.08% | -38.11% | -430.63% | 115.86% | -276.27% | -258.51% | -252.39% |
HTGC Banking Ratios
Hercules Capital, Inc. (HTGC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 9.7% | 8.52% | 16.62% | 18.75% | 13.4% | 7.53% | 21.07% | 13.87% | 16.16% | 13.18% |
| Return on Assets (ROA) | 5.07% | 4.25% | 7.88% | 8.94% | 6.67% | 3.63% | 10.47% | 7.26% | 8.07% | 6.39% |
| Net Interest Margin | 8.12% | 7.77% | 7.84% | 7.77% | 7.65% | 8.34% | 10.73% | 10.18% | 9.07% | 6.63% |
| Efficiency Ratio | 32.62% | 33.95% | 23.48% | 19.73% | 26.16% | 34.49% | 18.01% | 21.07% | 20.49% | 22.57% |
| Equity / Assets | 50.82% | 49.12% | 46.02% | 49.23% | 50.33% | 46.27% | 52.76% | 51.93% | 48.34% | 46.14% |
| Book Value / Share | 10.18 | 10.49 | 11.16 | 11.51 | 11.28 | 11.06 | 12.45 | 12.31 | 11.38 | 11.31 |
| NII Growth | 6.02% | 12.55% | 27.59% | 5.63% | -2.39% | 26.94% | 45.26% | 6.34% | 6.58% | -17.52% |
| Dividend Payout | 127.71% | 147.36% | 76.07% | 67.07% | 83.48% | 165.87% | 81.09% | 115.4% | 81.26% | 72.53% |
HTGC SEC Filings & Documents
Hercules Capital, Inc. (HTGC) SEC filings — annual & quarterly reports (10-K, 10-Q)
HTGC Frequently Asked Questions
Hercules Capital, Inc. (HTGC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Hercules Capital, Inc. (HTGC) grew revenue by 27.0% over the past year. This is strong growth.
Yes, Hercules Capital, Inc. (HTGC) is profitable, generating $289.4M in net income for fiscal year 2025 (62.1% net margin).
Dividend & Returns
Yes, Hercules Capital, Inc. (HTGC) pays a dividend with a yield of 8.62%. This makes it attractive for income-focused investors.
Hercules Capital, Inc. (HTGC) has a return on equity (ROE) of 16.2%. This is reasonable for most industries.
Industry Metrics
Hercules Capital, Inc. (HTGC) has a net interest margin (NIM) of 9.1%. This indicates healthy earnings from lending activities.
Hercules Capital, Inc. (HTGC) has an efficiency ratio of 20.5%. This is excellent, indicating strong cost control.
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Hercules Capital, Inc. (HTGC) financial analysis — history, returns, DCA and operating performance tools
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