Hercules Capital, Inc. (HTGC) Financial Statements
In fiscal 2025, Hercules Capital reported revenue of $507.9M, up 8.7% from $467.2M the year before. Net income was $339.7M (a 66.9% net margin), or $1.85 per diluted share. Operating activities generated -$425.8M of cash, leaving -$425.9M of free cash flow. At fiscal year end, Hercules Capital held $4.58B in total assets against $2.37B in total liabilities, including $56.9M of cash and equivalents.
Open the full interactive Hercules Capital financials → Quarterly statements, key ratios, valuation history and price charts.
Hercules Capital Key Stats
| Share Price | $16.40 |
|---|---|
| Market Cap | $3.27B |
| P/E Ratio | 8.9 |
| Dividend Yield | 10.29% |
| Revenue YoY Growth | +8.7% |
| 52-Week Range | $13.11 – $17.76 |
| Shares Outstanding | 185.5 million (basic, 2026 Q2) |
Hercules Capital Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $0 | $434.4M | $467.2M | $507.9M |
| Pre-Tax Income | $102.1M | $337.5M | $263.0M | $339.7M |
| Net Income | $102.1M | $337.5M | $263.0M | $339.7M |
| Diluted EPS | $0.79 | $2.31 | $1.61 | $1.85 |
Hercules Capital Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $131.2M | $131.6M | $136.4M | $138.0M |
| Net Income | $119.7M | $90.8M | $42.5M | $130.2M |
| Diluted EPS | $0.63 | $0.48 | $0.23 | $0.67 |
Hercules Capital Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | $15.8M | $98.9M | $42.7M | $56.9M |
| Total Assets | $3.03B | $3.42B | $3.83B | $4.58B |
| Total Long-Term Debt | $1.57B | $1.55B | $1.77B | $2.29B |
| Total Liabilities | $1.63B | $1.61B | $1.84B | $2.37B |
| Shareholders' Equity | $1.40B | $1.80B | $1.99B | $2.22B |
Hercules Capital Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | -$424.8M | $68.3M | -$118.1M | -$425.8M |
| Cash From Investing | -$114,000 | -$887,000 | -$705,000 | -$89,000 |
| Cash From Financing | $314.5M | $22.7M | $119.2M | $368.9M |
| Free Cash Flow | -$424.9M | $67.4M | -$118.8M | -$425.9M |
| Dividends Paid | $245.1M | $273.7M | $303.5M | $326.0M |
Figures from Hercules Capital's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hercules Capital financials page for every line item.
Hercules Capital Company Profile
| Ticker | HTGC |
|---|---|
| Exchange | NYSE |
| Headquarters | San Mateo, California |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001280784 |
Frequently Asked Questions
What was Hercules Capital's revenue in fiscal 2025?
Hercules Capital (HTGC) reported revenue of $507.9M for fiscal 2025.
What is Hercules Capital's annual revenue history?
Hercules Capital's annual revenue by fiscal year: 2022: $0; 2023: $434.4M; 2024: $467.2M; 2025: $507.9M.
What was Hercules Capital's net income in fiscal 2025?
Hercules Capital reported net income of $339.7M for fiscal 2025.
What was Hercules Capital's earnings per share (EPS) in fiscal 2025?
Hercules Capital's diluted EPS was $1.85 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hercules Capital generate in fiscal 2025?
Hercules Capital generated -$425.9M of free cash flow in fiscal 2025.
What was Hercules Capital's revenue last quarter?
In its most recent reported quarter (2026 Q2), Hercules Capital reported revenue of $138.0M.
How much debt does Hercules Capital have?
Hercules Capital reported $2.29B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hercules Capital are outstanding?
Hercules Capital reported a weighted average of 185.5 million basic shares outstanding in 2026 Q2.
What is Hercules Capital's market cap?
Based on its latest closing price, Hercules Capital (HTGC) has a market capitalization of about $3.27B.
When does Hercules Capital's fiscal year end?
Hercules Capital's fiscal year end, as registered with the SEC, is December 31.
Where is Hercules Capital headquartered?
Hercules Capital lists its business address in San Mateo, California in its SEC filings.