Hercules Capital, Inc.

Hercules Capital, Inc.

HTGC
Hercules Capital, Inc.US flagNew York Stock Exchange
16.07
USD
-0.30
- -
3.01BMarket Cap
Hercules Capital, Inc.
HTGC
(New York Stock Exchange)

Recent

price

16.07

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.73
1.72
1.56
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
2.67
Revenue per Share
0.14
1.09
0.95
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
2.1
Basic EPS, GAAP
-2.59
-3.25
-3.95
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
0.05
Free Cash Flow per Basic Share
0.74
0.86
0.93
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
1.85
Dividend per Share
9.5
9.83
9.75
10.51
10.18
9.94
9.9
9.96
9.9
10.55
11.26
11.22
10.53
11.43
11.66
12.13
12.15
Book Value per Share
9.5
9.83
9.75
10.51
10.18
9.94
9.9
9.96
9.9
10.55
11.26
11.22
10.53
11.43
11.66
12.13
12.15
Tangible Book Value per Share
36
43
49
59
62
69
74
83
91
101
112
115
125
144
161
177
182
Basic Weighted Avg Shares
27
74
76
136
115
96
111
136
136
244
298
255
185
426
354
439
487
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
5
47
47
99
71
43
69
79
76
174
227
174
102
337
263
340
383
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
18.79
63.47
61.25
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
78.66
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
170
306
596
557
626
590
655
787
964
1,299
1,296
1,244
1,580
1,560
1,787
2,303
2,350
LT Debt
413
431
516
650
659
717
788
841
955
1,133
1,292
1,309
1,401
1,803
1,990
2,216
2,274
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
1.28
11.13
9.88
17.06
10.88
6.24
9.13
9.7
8.52
16.62
18.75
13.4
7.53
21.07
13.87
16.16
17.32
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
183
187
187
Market Capitalization
3,438
2,765
2,952

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
57
42
48
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
158
- -
- -
- -

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
0.7
- -
- -
- -

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
0.46
- -
- -
- -
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

  • Hercules Capital (NYSE:HTGC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

  • Hercules Capital: This Juicy 11.5% Yield Is On Sale

  • Hercules Capital Receives Affirmed BBB- Investment Grade Corporate and Unsecured Credit Rating from Fitch Ratings, Inc.

  • Hercules Capital (HTGC) Exceeds Market Returns: Some Facts to Consider

  • Hercules Capital Announces Date for Release of Third Quarter 2026 Financial Results and Conference Call

  • 4 Stocks Yielding Up to 12% That Income Investors Can Own Today

  • The Roth IRA Mistake That Turns $4,450 a Month in Tax-Free Dividends Into a Tax Bill

  • Three Income Buckets, $9,750 a Month, and a Portfolio That Never Has to Sell a Share

  • Hercules Capital (HTGC) Advances While Market Declines: Some Information for Investors

  • Hercules Capital Closes Institutional Notes Offering of $400.0 Million 6.700% Notes due 2029

  • The Roth IRA Advantage: How Much More These High-Yield Dividend Stocks Pay Tax Free

  • Rocket Pharmaceuticals Secures Strategic Credit Facility for Up to $150 Million from Hercules Capital

  • Hercules Capital Prices Upsized Institutional Notes Offering of $400.0 Million 6.70% Notes due 2029

  • Comparing LPL Financial (NASDAQ:LPLA) and Hercules Capital (NYSE:HTGC)

  • How Much Does a 69-Year-Old Need Invested to Collect $8,250 a Month for Life?

  • Investing $50,000 Each in These 4 Dividend Stocks Spins off $18,000 a Year in Passive Income

  • Hercules Capital (HTGC) Stock Sinks As Market Gains: Here's Why

  • How Much Do You Need Invested to Collect $8,450 a Month for Life?

  • Want $8,000 in Passive Income? Invest $25,000 in Each of These 4 Dividend Stocks

  • NorthStar Secures Up to $185 Million Growth Financing Led by Hercules Capital to Scale Actinium-225 Production and Radiopharmaceutical Manufacturing for Next-Generation Precision Cancer Therapies