HTGC · Hercules Capital, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $4.80M | - | $4.48M | $5.10M | $4.81M | - | $4.60M | $4.48M | $5.06M | - |
| Total Operating Expenses | $58.05M | - | $53.60M | $52.17M | $45.34M | - | $44.30M | $45.50M | $45.27M | - |
| D&A | $85.0K | - | - | - | $89.0K | - | - | - | $186.0K | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $28.15M | - | $24.19M | $22.93M | $19.70M | - | $20.37M | $19.16M | $20.02M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $42.50M | - | $119.69M | $78.89M | $50.34M | - | $68.71M | $41.85M | $90.96M | - |
| EPS - Basic | $0.23 | - | $0.66 | $0.44 | $0.29 | - | $0.42 | $0.26 | $0.57 | - |
| EPS - Diluted | $0.23 | - | $0.63 | $0.43 | $0.29 | - | $0.42 | $0.25 | $0.57 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $42.37M | $56.87M | $29.27M | $52.15M | $49.38M | $42.68M | $38.90M | $27.68M | $50.18M | $98.90M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $4.83B | $4.58B | $4.41B | $4.28B | $4.03B | $3.83B | $3.66B | $3.67B | $3.70B | $3.42B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.54B | $2.29B | $2.15B | $2.06B | $1.98B | $1.77B | $1.74B | $1.75B | $1.75B | $1.55B |
| Total Liabilities | $2.60B | $2.37B | $2.22B | $2.13B | $2.03B | $1.84B | $1.80B | $1.82B | $1.81B | $1.61B |
| Stockholders' Equity | $2.23B | $2.22B | $2.19B | $2.15B | $2.00B | $1.99B | $1.85B | $1.86B | $1.50B | $1.80B |
| Retained Earnings | $56.92M | $101.15M | $87.97M | $53.68M | $57.87M | $88.92M | $109.67M | $118.90M | $154.95M | $140.01M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($230.63M) | - | - | - | ($222.20M) | - | - | - | ($240.89M) | - |
| Investing Cash Flow | ($19.0K) | - | - | - | ($8.0K) | - | - | - | ($292.0K) | - |
| Financing Cash Flow | $216.12M | - | - | - | $160.10M | - | - | - | $185.46M | - |
| CapEx | $19.0K | - | - | - | $8.0K | - | - | - | $292.0K | - |
| Free Cash Flow | ($230.65M) | - | - | - | ($222.21M) | - | - | - | ($241.18M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | -5.43 | - | - | - | -4.41 | - | - | - | -2.65 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.9% | - | 2.7% | 1.8% | 1.2% | - | 1.9% | 1.1% | 2.5% | - |
| Return on equity | 1.9% | - | 5.5% | 3.7% | 2.5% | - | 3.7% | 2.3% | 6.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.14 | 1.03 | 0.98 | 0.96 | 0.99 | 0.89 | 0.94 | 0.94 | 1.17 | 0.86 |
| Debt / Assets | 0.53 | 0.50 | 0.49 | 0.48 | 0.49 | 0.46 | 0.48 | 0.48 | 0.47 | 0.46 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.17 | 2.07 | 2.01 | 1.99 | 2.01 | 1.93 | 1.97 | 1.98 | 2.47 | 1.90 |
| Liabilities / Assets | 0.54 | 0.52 | 0.50 | 0.50 | 0.50 | 0.48 | 0.49 | 0.49 | 0.49 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 64.2x | - | 30.0x | 42.5x | 66.2x | - | 46.8x | 81.8x | 32.4x | - |
| P / B | 1.3x | - | 1.7x | 1.6x | 1.7x | - | 1.7x | 1.8x | 1.9x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | -15.6% | - | 74.2% | 88.5% | -44.7% | - | 145.7% | -55.8% | - | - |
| EPS growth (YoY) | -20.7% | - | 50.0% | 72.0% | -49.1% | - | 121.1% | - | -16.2% | - |
| EPS CAGR (3y) | -30.3% | - | 15.4% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -3.8% | - | - | - | 7.9% | - | - | - | -198.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 11.3% | 11.4% | 18.3% | 15.9% | 33.5% | 10.4% | 39.5% | - | - | - |
Dividends
$1.88/share trailing 12 months · +3.3% YoY
| Ex-date | Per share |
|---|---|
| May 14, 2026 | $0.4700 |
| Feb 25, 2026 | $0.4700 |
| Nov 12, 2025 | $0.4700 |
| Aug 12, 2025 | $0.4700 |
| May 13, 2025 | $0.4700 |
| Feb 26, 2025 | $0.4700 |
| Nov 13, 2024 | $0.4000 |
| Aug 13, 2024 | $0.4800 |
| May 13, 2024 | $0.4800 |
| Feb 27, 2024 | $0.4800 |
| Nov 14, 2023 | $0.4800 |
| Aug 17, 2023 | $0.4800 |
| May 15, 2023 | $0.4700 |
| Mar 1, 2023 | $0.4700 |
| Nov 9, 2022 | $0.5100 |
| Aug 8, 2022 | $0.5000 |
| May 16, 2022 | $0.4800 |
| Mar 8, 2022 | $0.4800 |
| Nov 9, 2021 | $0.4000 |
| Aug 10, 2021 | $0.3900 |
| May 11, 2021 | $0.3900 |
| Mar 5, 2021 | $0.3700 |
| Nov 6, 2020 | $0.3400 |
| Aug 7, 2020 | $0.3200 |