Hercules Capital, Inc.

HTGC

Hercules Capital, Inc.

HTGC

Insider Sentiment (TTM):

Last Purchase:2026-03-26Last Sale:2025-06-05Shares Purchased (TTM):188,167Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:45,425,540Shares Outstanding:182,760,000Institutional Ownership Pct.:24.86%

Earnings Market Reaction:

Filing Date:2026-07-30Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Investment Unaffiliated Issuer	-172	4,662	4,363	98	198	3,890	3,604	0	34	3,471	3,144	3,207
Investment Affiliated Issuer Controlled	5	108	105	105	0	0	105	0	-0	0	103	-0
Assets
Investment Owned At Fair Value	4,584	4,722	4,467	4,306	4,176	3,924	3,660	3,561	3,569	3,572	3,248	3,261
Cash And Cash Equivalents At Carrying Value	48	42	57	29	52	51	43	39	26	50	98	32
Restricted Cash	2	3	2	21	1	3	3	5	11	10	17	5
Cash Held In Foreign Currency	-	0	0	0	0	2	70	0	1	1	1	-
Interest Receivable	37	40	37	36	35	33	33	31	32	35	33	32
Operating Lease Right Of Use Asset	14	14	15	15	16	16	17	17	18	19	5	5
Other Assets	3	5	6	2	4	3	6	3	15	10	15	1
Assets	4,688	4,826	4,584	4,410	4,284	4,031	3,832	3,656	3,672	3,696	3,417	3,336
Liabilities
Long Term Debt	2,335	2,539	2,286	2,151	2,064	1,977	1,769	1,739	1,747	1,752	1,555	1,633
Accounts Payable And Accrued Liabilities Current A…	64	45	65	53	52	37	55	47	50	39	54	46
Operating Lease Liability	15	15	16	17	17	17	18	18	19	19	5	5
Liabilities	2,414	2,599	2,368	2,220	2,133	2,031	1,842	1,805	1,816	1,810	1,614	1,684
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	2,175	2,170	2,115	2,102	2,097	1,943	1,900	1,742	1,737	1,731	1,663	1,579
Retained Earnings Accumulated Deficit	99	57	101	88	54	58	89	110	119	155	140	73
Stockholders Equity	2,274	2,227	2,216	2,190	2,151	2,001	1,990	1,852	1,857	1,886	1,803	1,652
Liabilities And Stockholders Equity	4,688	4,826	4,584	4,410	4,284	4,031	3,832	3,656	3,672	3,696	3,417	3,336
Shares Outstanding	187	187	183	182	182	173	171	163	162	162	158	151
Net Asset Value Per Share	12.15	11.9	12.13	12.05	11.84	11.55	11.66	11.4	11.43	11.63	11.43	10.93
Variable Interest Entity Primary Beneficiary	-17	157	159	-42	-2	220	229	10	-2	265	255	253
Investment Owned At Cost	4,603	4,770	4,468	4,291	4,193	3,995	3,709	3,610	3,609	3,575	3,247	3,309
Deferred Finance Costs Net	28	30	27	29	31	23	14	12	-	-	15	-
Cash Held In Foreign Currency Acquisition Cost	-	0	0	0	0	2	70	-	-	-	1	-
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	300	300	300	300	300	300	300	200	200	200	200	200

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-3.91%	-3.10%	-2.17%	-	-	-	-	-	-	-	-	-
2025	0.34%	3.86%	11.47%	5.05%	6.63%	-5.66%	2.04%	8.05%	10.39%	-7.60%	-7.35%	1.35%
2024	3.06%	5.23%	12.45%	-11.08%	-5.68%	-2.79%	-3.78%	-1.48%	6.42%	-8.18%	-16.49%	-14.25%
2023	-	-	-	-1.01%	-1.01%	-5.65%	0.20%	5.07%	8.72%	4.76%	6.50%	12.40%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	4.62	4.30	4.69	4.57	4.13	3.81	4.41	5.32	4.98	5.87	5.99	3.94
Per Share Metrics
Diluted EPS TTM	1.92	1.69	1.80	1.60	1.36	1.27	1.63	1.99	1.74	2.11	2.33	1.81
Free Cash Flow Per Share TTM	0.05	-2.38	-2.40	-2.22	-1.72	-0.58	-0.74	0.25	-1.04	-0.59	0.47	-0.87
Dividend Per Share TTM	1.82	1.81	1.84	2.17	2.19	1.80	1.89	1.73	1.76	1.80	1.90	0.94
Margin Metrics
Gross Profit Margin TTM	87.26%	87.38%	87.53%	88.10%	88.72%	88.91%	88.39%	88.85%	88.33%	88.46%	88.43%	86.43%
Operating Profit Margin TTM	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit Margin TTM	71.33%	62.77%	66.89%	63.19%	54.15%	47.61%	56.29%	68.80%	61.23%	74.15%	77.69%	48.83%
Growth Metrics
Net Revenue Growth (1Y)	12.14%	13.22%	8.71%	5.04%	4.40%	3.70%	7.54%	-14.22%	-11.10%	-	-	-
Net Income Growth (1Y)	47.74%	49.28%	29.19%	-3.53%	-7.68%	-33.41%	-22.08%	20.86%	-3.59%	-	-	-
EPS Growth (1Y)	40.80%	40.08%	17.32%	-13.88%	-16.07%	-38.86%	-30.30%	10.26%	-15.20%	-	-	-
Valuation Metrics
P/E TTM	7.43	7.68	8.99	9.79	10.83	12.54	10.18	7.97	9.24	6.70	5.34	6.60
P/B TTM	1.25	1.14	1.38	1.39	1.31	1.39	1.35	1.38	1.40	1.19	1.00	1.06
P/S TTM	5.30	4.82	6.01	6.18	5.86	5.97	5.73	5.48	5.66	4.97	4.15	3.22
Market Cap	2.85B	2.55B	3.05B	3.04B	2.81B	2.79B	2.68B	2.56B	2.60B	2.24B	1.80B	1.76B
Enterprise Value	5.13B	5.04B	5.28B	5.14B	4.82B	4.71B	4.46B	4.26B	4.30B	3.94B	3.24B	3.35B
Calculated Values
Free Cash Flow TTM	8.43M	-434.34M	-425.89M	-399.50M	-303.77M	-99.82M	-118.79M	40.84M	-167.07M	-92.82M	67.39M	-127.94M
Net Debt	2.28B	2.49B	2.23B	2.10B	2.01B	1.92B	1.79B	1.70B	1.71B	1.70B	1.44B	1.60B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-03-26Purchase

Owner: Loo, Wade

Title: -

Shares: 7,317

Price/Share: $14.35

Value: $104,998.95

Shares Owned: 14,050

Relationship: Director

Ownership: Direct

2026-03-26Purchase

Owner: Fallon, Thomas J

Title: -

Shares: 7,300

Price/Share: $14.30

Value: $104,390.00

Shares Owned: 157,669

Relationship: Director

Ownership: Indirect

2026-03-26Purchase

Owner: Aguirre, Deanne

Title: -

Shares: 7,317

Price/Share: $14.35

Value: $104,998.95

Shares Owned: 10,749

Relationship: Director

Ownership: Direct

2026-03-26Purchase

Owner: Randhawa, Paramjeet K

Title: -

Shares: 2,926

Price/Share: $14.35

Value: $41,988.10

Shares Owned: 22,486

Relationship: Director

Ownership: Direct

2026-03-26Purchase

Owner: Theodosopoulos, Nikos

Title: -

Shares: 7,317

Price/Share: $14.35

Value: $104,998.95

Shares Owned: 29,362

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-03-26	Loo, Wade	Director	-	Direct	Purchase	7,317	14.35	$104,998.95	14,050	4
2026-03-26	Fallon, Thomas J	Director	-	Indirect	Purchase	7,300	14.30	$104,390.00	157,669	4
2026-03-26	Aguirre, Deanne	Director	-	Direct	Purchase	7,317	14.35	$104,998.95	10,749	4
2026-03-26	Randhawa, Paramjeet K	Director	-	Direct	Purchase	2,926	14.35	$41,988.10	22,486	4
2026-03-26	Theodosopoulos, Nikos	Director	-	Direct	Purchase	7,317	14.35	$104,998.95	29,362	4
2026-03-26	Badavas, Robert P	Director	-	Direct	Purchase	3,658	14.35	$52,492.30	5,070	4
2026-03-26	Crowell, Gayle A	Director	-	Direct	Purchase	7,317	14.35	$104,998.95	97,589	4
2026-03-04	Follmann, Christian	Officer	Chief Operating Officer	Direct	Purchase	5,000	14.68	$73,400.00	150,135	4/A
2026-03-04	Randhawa, Paramjeet K	Director	-	Direct	Purchase	3,050	14.78	$45,079.00	19,560	4
2026-02-27	Bluestein, Scott	Officer	Chief Executive Officer	Direct	Purchase	7,000	14.35	$100,450.00	2,516,379	4
2026-02-27	Meyer, Seth H	Officer	Chief Financial Officer	Direct	Purchase	14,000	14.33	$200,620.00	448,553	4/A
2026-02-27	Theodosopoulos, Nikos	Director	-	Direct	Purchase	2,600	14.21	$36,946.00	21,523	4
2026-02-27	Badavas, Robert P	Director	-	Indirect	Purchase	5,000	14.27	$71,350.00	122,073	4
2026-02-27	Fallon, Thomas J	Director	-	Indirect	Purchase	20,000	14.20	$284,000.00	150,369	4
2026-02-27	Botelho, Kiersten Zaza	Officer	Chief Legal Officer & CCO	Direct	Purchase	1,300	14.21	$18,473.00	93,336	4
2026-02-25	Loo, Wade	Director	-	Indirect	Purchase	3,300	14.98	$49,434.00	32,767	4
2026-02-24	Fallon, Thomas J	Director	-	Indirect	Purchase	10,000	14.98	$149,800.00	130,369	4
2026-02-24	Badavas, Robert P	Director	-	Indirect	Purchase	5,000	15.01	$75,050.00	117,073	4
2026-02-24	Bluestein, Scott	Officer	Chief Executive Officer	Direct	Purchase	30,000	15.08	$452,400.00	2,509,379	4
2026-02-23	Crowell, Gayle A	Director	-	Direct	Purchase	6,600	15.20	$100,320.00	87,458	4
2026-02-17	Theodosopoulos, Nikos	Director	-	Direct	Purchase	6,165	15.93	$98,208.45	18,923	4
2026-02-17	Fallon, Thomas J	Director	-	Indirect	Purchase	20,000	15.88	$317,600.00	120,369	4
2025-11-03	Crowell, Gayle A	Director	-	Direct	Purchase	6,000	17.77	$106,620.00	78,727	4
2025-06-05	Follmann, Christian	Officer	Chief Operating Officer	Direct	Sale	395	17.83	$7,042.85	120,556	4
2025-06-05	Follmann, Christian	Officer	Chief Operating Officer	Direct	Purchase	395	17.83	$7,042.85	121,212	4
2025-05-08	Crowell, Gayle A	Director	-	Direct	Purchase	5,999	17.49	$104,922.51	69,344	4
2025-05-08	Fallon, Thomas J	Director	-	Indirect	Purchase	5,976	17.53	$104,759.28	98,882	4
2025-05-08	Aguirre, Deanne	Director	-	Direct	Purchase	5,999	17.49	$104,922.51	13,529	4
2025-05-08	Badavas, Robert P	Director	-	Direct	Purchase	1,799	17.49	$31,464.51	6,033	4
2025-05-08	Loo, Wade	Director	-	Direct	Purchase	5,999	17.49	$104,922.51	13,149	4
2025-05-08	Theodosopoulos, Nikos	Director	-	Direct	Purchase	5,999	17.49	$104,922.51	11,960	4
2024-09-26	Bluestein, Scott	Officer	Chief Executive Officer	Direct	Sale	100,000	19.59	$1,959,000.00	2,161,207	4
2024-08-06	Aguirre, Deanne	Director	-	Direct	Purchase	5,660	18.49	$104,653.40	11,874	4
2024-08-06	Randhawa, Paramjeet K	Director	-	Direct	Purchase	2,898	18.07	$52,366.86	15,972	4
2024-08-06	Fallon, Thomas J	Director	-	Indirect	Purchase	5,723	18.33	$104,902.59	92,400	4
2024-08-06	Loo, Wade	Director	-	Direct	Purchase	5,645	18.54	$104,658.30	8,746	4
2024-08-06	Theodosopoulos, Nikos	Director	-	Direct	Purchase	1,608	18.03	$28,992.24	5,613	4
2024-08-06	Crowell, Gayle A	Director	-	Direct	Purchase	5,790	18.06	$104,567.40	59,366	4
2024-06-25	Crowell, Gayle A	Director	-	Direct	Purchase	702	20.05	$14,067.08	53,576	4
2024-06-20	Badavas, Robert P	Director	-	Direct	Sale	13,300	19.69	$261,877.00	4,234	4/A
2023-05-24	Follmann, Christian	Officer	Chief Operating Officer	Direct	Sale	455	13.72	$6,242.60	72,179	4
2023-05-24	Follmann, Christian	Officer	Chief Operating Officer	Direct	Purchase	455	13.73	$6,247.15	72,634	4
2023-05-08	Crowell, Gayle A	Director	-	Direct	Purchase	7,200	13.66	$98,352.00	38,845	4
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Institutional Ownership

No data available for chart

2026-03-31

24.86%

Inst. Shares: 45,425,540

Shares Outstanding: 182,760,000

2025-12-31

24.98%

Inst. Shares: 44,312,534

Shares Outstanding: 177,392,000

2025-09-30

22.82%

Inst. Shares: 41,161,422

Shares Outstanding: 180,360,000

2025-06-30

22.83%

Inst. Shares: 40,360,379

Shares Outstanding: 176,809,000

2025-03-31

20.53%

Inst. Shares: 35,205,123

Shares Outstanding: 171,494,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	45,425,540	182,760,000	24.86%
2025-12-31	44,312,534	177,392,000	24.98%
2025-09-30	41,161,422	180,360,000	22.82%
2025-06-30	40,360,379	176,809,000	22.83%
2025-03-31	35,205,123	171,494,000	20.53%
2024-12-31	32,339,899	161,082,000	20.08%
2024-09-30	24,850,973	161,019,000	15.43%
2024-06-30	25,491,256	160,748,000	15.86%
2024-03-31	27,211,784	157,445,000	17.28%
2023-12-31	25,096,515	144,091,000	17.42%
2023-09-30	23,246,813	146,899,000	15.83%
2023-06-30	21,794,754	141,390,000	15.41%
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Hercules Capital, Inc. (HTGC) — SEC Financial Statements & Analysis

Hercules Capital, Inc. (HTGC) is a not available company, incorporated in MD. Hercules Capital, Inc. trades on NYSE as: HTGC, HCXY. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Hercules Capital, Inc. reported a 12.14% year-over-year revenue growth, a Gross Profit Margin of 87.26% (TTM), a Price-to-Sales (P/S) ratio of 5.30x (TTM), a Price-to-Book (P/B) ratio of 1.25x (TTM), at a market cap of $2.85B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 12.14%
Gross Profit Margin TTM: 87.26%
P/S TTM: 5.30x
P/B TTM: 1.25x
Market Cap: $2.85B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Hercules Capital, Inc. in?

Hercules Capital, Inc. (HTGC) operates in the Not Available industry.

What is HTGC's market cap?

Hercules Capital, Inc. (HTGC) has a market capitalization of $2.85B as of 2026-06-30.

What is HTGC's P/E ratio?

Hercules Capital, Inc. (HTGC)'s trailing twelve month P/E ratio is 7.43x as of 2026-06-30.

What exchange does HTGC trade on?

Hercules Capital, Inc. (HTGC) trades on the NYSE.

Where is Hercules Capital, Inc. incorporated?

Hercules Capital, Inc. is incorporated in MD.