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Hercules Capital Inc

htgc.com

Hercules Capital Inc (NYSE: HTGC) is a business development company (BDC) that provides debt and equity financing to venture capital-backed and private equity-backed companies, primarily in technology, life sciences, and related sectors. It earns income through interest, fees, and dividends on loans and equity investments made to portfolio companies. Hercules is listed on the New York Stock Exchange and operates as a regulated investment company under the Investment Company Act of 1940. The 10-K filed February 12, 2026 identifies HTGC as a well-known seasoned issuer with common stock trading on the NYSE, with aggregate market value of non-affiliate shares calculated using a closing price of $18.28 as of the last business day of the most recently completed second fiscal quarter.

Products & Services

Venture loans, secured debt facilities, equity co-investments, and warrant positions to venture capital-backed and private equity-backed companies.

Revenue Model

Interest income on loans to portfolio companies, supplemented by origination fees, prepayment fees, and equity-related income from warrants or equity co-investments in venture and private equity-backed companies.

Customers & Markets

Venture capital-backed and private equity-backed portfolio companies, primarily in technology, life sciences, and related growth-stage sectors, based on the BDC's stated investment focus as described in the 10-K filed February 12, 2026.

Financial Snapshot

Revenue
TTM
$543.0M
Gross Margin
TTM
81.73%
Net Income
TTM
$382.6M
Current Assets
Last 4 Quarters
N/A
Current Liabilities
Last 4 Quarters
N/A
Current Ratio
Last 4 Quarters
N/A
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$2.274B
Cash
2026 Q2
P/E
TTM
8.031
Free Cash Flow
TTM
-$289.5M

Stock Price

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Market Cap: $3.0725 Billion

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