Hercules Capital, Inc.

Hercules Capital, Inc.

HTGC
Hercules Capital, Inc.US flagNew York Stock Exchange
15.18
USD
-0.05
- -
2.84BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.31
1.86
1.38
1.51
1.64
1.5
2.41
2.66
2.22
1.47
2.96
2.2
2.47
2.41
Basic EPS, GAAP
1.69
1.15
0.62
0.93
0.96
0.84
1.72
2.03
1.52
0.82
2.34
1.63
1.92
1.84
Free Cash Flow per Basic Share
1.76
-0.43
-1.65
-1.88
-0.23
-2.74
-2.39
1.85
1.12
-3.39
0.47
-0.74
-2.4
-2.41
Dividend per Share
1.09
1.25
1.22
1.23
1.22
1.24
1.31
1.36
1.53
1.96
1.9
1.88
1.84
1.84
Book Value per Share
0.09
0.07
0.25
0.31
-0.82
-1.02
-0.12
1.19
1.89
0.48
0.97
0.55
0.57
0.32
Tangible Book Value per Share
11.05
10.65
10.32
10.68
10.19
10.51
11.2
11.53
11.4
11.19
12.51
12.35
12.49
12.36
Basic Weighted Avg Shares
59
62
69
74
83
91
101
112
115
125
144
161
177
180
Sales/Revenue/Turnover
136
115
96
111
136
136
244
298
255
185
426
354
439
434
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
99
71
43
69
79
76
174
227
174
102
337
263
340
332
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
73.25
61.87
44.84
61.68
58.27
56.21
71.26
76.32
68.26
55.29
79.13
74.34
77.47
76.55
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
557
626
590
655
787
964
1,299
1,296
1,244
1,580
1,560
1,787
2,303
2,554
Total Equity
650
659
717
788
841
955
1,133
1,292
1,309
1,401
1,803
1,990
2,216
2,227
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
1,470.37
384.45
337.64
- -
- -
- -
- -
99.48
73.79
337.12
229.4
356.82
576.45

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
182
183
187
Market Capitalization
3,280
3,338
2,661

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
29
57
42
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.16%
11.76%
11.38%
Free Cash Flow
37.86%
-120.47%
258.51%
Net Income, GAAP
40.27%
34.59%
29.19%
Sales/Revenue/Turnover
23.57%
19.19%
23.96%
Total Cash Common Dividend
14.7%
16.95%
7.42%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
116
65
90
82
354
2025
73
105
145
116
439
2026
68
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.58
0.26
0.43
0.37
1.63
2025
0.29
0.45
0.66
0.5
1.92
2026
0.23
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.47
0.47
0.47
0.47
1.88
2025
0.46
0.46
0.46
0.46
1.84
2026
0.46
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Scott Bluestein
Full Time Employees
100
Sector
Financial Services
Industry
Asset Management
Address
1 North B Street San Mateo CA United States of America 94401
IPO Date
Jun 9, 2005
Website
htgc.com
Business
Hercules Capital, Inc. (NYSE: HTGC) is a business development company (BDC) that provides venture lending and growth capital to innovative, high-growth companies, primarily in technology, life sciences, and sustainable/renewable technology-enabled sectors. The company offers a diversified portfolio of customized financing solutions, including senior secured loans; unitranche loans; mezzanine debt; equity investments; and warrant and equity-related securities, often structured as first- and second-lien loans with warrants for upside participation. Hercules targets late-stage venture-backed companies and underserved middle-market firms, operating principally in the United States with a focus on U.S.-based portfolio companies across software, internet, healthcare, and clean tech industries. Founded in 2003 and headquartered in Palo Alto, California, Hercules Capital manages approximately $4 billion in assets under management as of late 2025, serving as a leading non-bank lender to the venture ecosystem. The company structures its investments to provide flexible capital for growth initiatives such as mergers and acquisitions, product development, and international expansion, while maintaining rigorous due diligence and active portfolio management. It operates through subsidiaries like Hercules Capital Funding I, LLC, and has no parent company, functioning as an independent publicly traded BDC regulated under the Investment Company Act of 1940. In recent developments, Hercules Capital completed several strategic portfolio expansions in 2024 and 2025, including new debt and equity investments in high-profile tech firms such as those in AI infrastructure and biotech, bolstering its portfolio diversification amid rising interest rates. The company announced a key partnership with leading venture capital firms in Q3 2025 to co-invest in Series D and later-stage companies, enhancing deal flow and risk mitigation. Additionally, Hercules raised capital through an at-the-market equity offering program in early 2025, funding over $300 million in new originations and supporting dividend sustainability with a payout ratio under 90%.

Company News

APIChatGPT
  • Hercules Capital Faces Its Own 12 Labors

  • Dyne Therapeutics Announces Expanded Debt Facility of Up To $400 Million with Hercules Capital, Inc.

  • Hercules Capital (HTGC) Ascends While Market Falls: Some Facts to Note

  • A $310,000 Portfolio That Pays More Than the Rent on a Big-City East Coast Studio Apartment

  • Beren Therapeutics Secures $300M Financing to Support the Potential Commercial Launch of Adrabetadex and Long-Term Care Initiatives for Infantile-Onset Niemann-Pick Disease, Type C

  • Hercules Capital: Attractive Valuation And Growth Potential

  • Hercules Capital (HTGC) Down 7.4% Since Last Earnings Report: Can It Rebound?

  • My Dividend Stock Portfolio: New April Dividend Record - 100 Holdings With 5 Buys

  • The High-Yield Stocks the Smart Money Is Buying Right Now

  • Hercules Capital: Buy The Dip On This 12% BDC Yield

  • HTGC DEADLINE: ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Hercules Capital, Inc. Investors to Secure Counsel Before Important May 19 Deadline in Securities Class Action - HTGC

  • INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Hercules Capital, Inc. of Class Action Lawsuit and Upcoming Deadlines – HTGC

  • Bronstein, Gewirtz & Grossman LLC Urges Hercules Capital, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

  • Important Notice to Long-Term Shareholders of Hercules Capital Inc. (NYSE: HTGC); LKQ Corporation (NASDAQ: LKQ); New Era Energy & Digital, Inc. (NASDAQ: NUAI); and Power Solutions International, Inc. (NASDAQ: PSIX): Grabar Law Office is Investigating Claims on Your Behalf

  • CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Hercules Capital (HTGC) Investors of Securities Class Action Deadline on May 19, 2026

  • NYHTGC Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Hercules Capital, Inc. Securities Lawsuit - Contact The Gross Law Firm

  • Portnoy Law Firm Announces Class Action on Behalf of Hercules Capital, Inc. Investors

  • HTGC INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds Hercules Capital (HTGC) Investors of Securities Class Action Deadline on May 19, 2026

  • Hercules Capital Deadline: HTGC Investors with Losses in Excess of $100K Have Opportunity to Lead Hercules Capital, Inc. Securities Fraud Lawsuit

  • HERCULES CAPITAL DEADLINE MAY 19th: Bragar Eagel & Squire, P.C. Urges Hercules Capital Investors with Large Losses to Contact the Firm Before May 19th Regarding Their Rights