Hercules Capital, Inc. - Understand $htgc stock

$HTGC Market Cap: $3.093 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$475.0M

TTM

Gross Margin

86.48%

TTM

Net Earnings

$320.6M

TTM

Current Assets

$70.35M

Q3 2024

Current Liabilities

$65.34M

Q3 2024

Current Ratio

107.67%

Q3 2024

Total Assets

$3.656B

Q3 2024

Total Liabilities

$1.805B

Q3 2024

Book Value

$1.852B

Q3 2024

Cash

$38.90M

Q3 2024

P/E

9.647

Dec 02, 2024 EST

Free Cash Flow

$40.85M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$434.4M	$188.1M	$281.0M	$287.3M	$267.9M	$207.8M	$190.9M	$175.1M	$157.1M	$143.7M	$139.7M	$97.50M	$79.90M	$59.50M	$74.30M	$75.80M	$53.90M	$29.50M	$10.70M	$200.0K
YoY Change	130.99%	-33.07%	-2.2%	7.24%	28.92%	8.85%	9.02%	11.46%	9.32%	2.86%	43.28%	22.03%	34.29%	-19.92%	-1.98%	40.63%	82.71%	175.7%	5250.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$434.4M	$188.1M	$281.0M	$287.3M	$267.9M	$207.8M	$190.9M	$175.1M	$157.1M	$143.7M	$139.7M	$97.50M	$79.90M	$59.50M	$74.30M	$75.80M	$53.90M	$29.50M	$10.70M	$200.0K
Cost Of Revenue	$77.47M	$62.35M	$63.10M	$66.90M	$61.70M	$46.70M	$46.60M	$37.10M	$36.90M	$34.00M	$35.10M	$23.80M	$15.90M	$9.800M	$11.30M	$15.80M	$5.700M	$6.600M	$2.900M	$0.00
Gross Profit	$383.2M	$259.3M	$217.9M	$220.4M	$206.2M	$161.1M	$144.3M	$138.0M	$120.2M	$109.7M	$104.6M	$73.80M	$64.00M	$49.60M	$63.00M	$60.10M	$48.20M	$22.90M	$7.800M	$200.0K
Gross Profit Margin	88.21%	137.9%	77.54%	76.71%	76.97%	77.53%	75.59%	78.81%	76.51%	76.34%	74.87%	75.69%	80.1%	83.36%	84.79%	79.29%	89.42%	77.63%	72.9%	100.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$88.27M	$79.59M	$72.94M	$63.20M	$62.90M	$52.30M	$36.30M	$34.40M	$46.70M	$36.40M	$31.50M	$25.70M	$24.40M	$20.30M	$19.90M	$20.10M	$15.70M	$11.80M	$6.200M	$2.300M
YoY Change	10.9%	9.12%	15.41%	0.48%	20.27%	44.08%	5.52%	-26.34%	28.3%	15.56%	22.57%	5.33%	20.2%	2.01%	-1.0%	28.03%	33.05%	90.32%	169.57%
% of Gross Profit	23.03%	30.69%	33.48%	28.68%	30.5%	32.46%	25.16%	24.93%	38.85%	33.18%	30.11%	34.82%	38.13%	40.93%	31.59%	33.44%	32.57%	51.53%	79.49%	1150.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$190.0K	$204.0K	$317.0K	$400.0K	$300.0K	$200.0K	$200.0K	$200.0K	$200.0K	$300.0K	$300.0K	$300.0K	$300.0K	$400.0K	$400.0K	$300.0K	$200.0K	$100.0K	$0.00	$0.00
YoY Change	-6.86%	-35.65%	-20.75%	33.33%	50.0%	0.0%	0.0%	0.0%	-33.33%	0.0%	0.0%	0.0%	-25.0%	0.0%	33.33%	50.0%	100.0%
% of Gross Profit	0.05%	0.08%	0.15%	0.18%	0.15%	0.12%	0.14%	0.14%	0.17%	0.27%	0.29%	0.41%	0.47%	0.81%	0.63%	0.5%	0.41%	0.44%	0.0%	0.0%
Operating Expenses	$165.7M	$141.9M	$67.90M	$63.20M	$62.90M	$52.30M	$47.80M	$37.60M	$46.70M	$36.30M	$31.50M	$25.60M	$24.40M	$20.30M	$19.90M	$20.10M	$15.70M	$11.80M	$6.200M	$2.300M
YoY Change	16.76%	109.03%	7.44%	0.48%	20.27%	9.41%	27.13%	-19.49%	28.65%	15.24%	23.05%	4.92%	20.2%	2.01%	-1.0%	28.03%	33.05%	90.32%	169.57%
Operating Profit	$217.5M	$117.4M	$150.0M	$157.2M	$143.3M	$108.8M	$96.50M	$100.4M	$73.50M	$73.40M	$73.10M	$48.20M	$39.60M	$29.30M	$43.10M	$40.00M	$32.50M	$11.10M	$1.600M	-$2.100M
YoY Change	85.24%	-21.72%	-4.6%	9.7%	31.71%	12.75%	-3.88%	36.6%	0.14%	0.41%	51.66%	21.72%	35.15%	-32.02%	7.75%	23.08%	192.79%	593.75%	-176.19%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$77.47M	$62.35M	$28.61M	$70.10M	$30.30M	-$32.20M	-$17.40M	-$31.60M	-$30.60M	-$600.0K	$26.40M	-$1.300M	$7.300M	-$24.40M	-$29.50M	-$18.80M	$10.10M	$900.0K	$800.0K	$0.00
YoY Change	24.25%	117.95%	-59.19%	131.35%	-194.1%	85.06%	-44.94%	3.27%	5000.0%	-102.27%	-2130.77%	-117.81%	-129.92%	-17.29%	56.91%	-286.14%	1022.22%	12.5%
% of Operating Profit	35.62%	53.11%	19.07%	44.59%	21.14%	-29.6%	-18.03%	-31.47%	-41.63%	-0.82%	36.11%	-2.7%	18.43%	-83.28%	-68.45%	-47.0%	31.08%	8.11%	50.0%
Other Income/Expense, Net														$0.00	$0.00	-$200.0K	-$100.0K		$0.00
YoY Change															-100.0%	100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$337.5M	$102.1M	$174.2M	$227.3M	$173.6M	$76.50M	$79.00M	$68.70M	$42.90M	$71.20M	$99.40M	$46.80M	$46.90M	$5.000M	$13.60M	$21.00M	$42.40M	$12.00M	$2.400M	-$2.000M
YoY Change	230.6%	-41.38%	-23.38%	30.93%	126.93%	-3.16%	14.99%	60.14%	-39.75%	-28.37%	112.39%	-0.21%	838.0%	-63.24%	-35.24%	-50.47%	253.33%	400.0%	-220.0%
Income Tax										$0.00		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$600.0K	$300.0K	$0.00
% Of Pretax Income										0.0%		0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	5.0%	12.5%
Net Earnings	$337.5M	$102.1M	$174.2M	$227.3M	$173.6M	$76.50M	$79.00M	$68.70M	$42.90M	$71.20M	$99.40M	$46.80M	$46.90M	$5.000M	$13.60M	$21.00M	$42.40M	$11.40M	$2.100M	-$2.000M
YoY Change	230.6%	-41.38%	-23.38%	30.93%	126.93%	-3.16%	14.99%	60.14%	-39.75%	-28.37%	112.39%	-0.21%	838.0%	-63.24%	-35.24%	-50.47%	271.93%	442.86%	-205.0%
Net Earnings / Revenue	77.69%	54.28%	61.98%	79.12%	64.8%	36.81%	41.38%	39.23%	27.31%	49.55%	71.15%	48.0%	58.7%	8.4%	18.3%	27.7%	78.66%	38.64%	19.63%	-1000.0%
Basic Earnings Per Share	$2.32	$0.80	$1.50	$2.02
Diluted Earnings Per Share	$2.31	$0.79	$1.502M	$2.024M	$1.709M	$839.7K	$956.4K	$930.9K	$615.5K	$1.127M	$1.648M	$951.2K	$1.083M	$135.5K	$389.7K	$644.2K	$1.493M	$844.4K	$300.0K	-$1.667M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$98.90M	$15.80M	$133.1M	$198.3M	$64.40M	$34.20M	$91.30M	$13.00M	$95.20M	$227.1M	$268.4M	$183.0M	$64.50M	$107.0M	$124.8M	$17.20M	$7.900M	$16.40M	$15.40M	$8.700M
YoY Change	526.06%	-88.13%	-32.87%	207.92%	88.3%	-62.54%	602.31%	-86.34%	-58.08%	-15.39%	46.67%	183.72%	-39.72%	-14.26%	625.58%	117.72%	-51.83%	6.49%	77.01%
Cash & Equivalents	$98.90M	$15.80M	$133.1M	$198.3M	$64.40M	$34.20M	$91.30M	$13.00M	$95.20M	$227.1M	$268.4M	$183.0M	$64.50M	$107.0M	$124.8M	$17.20M	$7.900M	$16.40M	$15.40M	$8.700M
Short-Term Investments
Other Short-Term Assets																			$1.300M	$0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$131.6M	$47.48M	$150.5M	$217.4M	$84.60M	$51.20M	$103.6M	$24.60M	$104.4M	$236.6M	$277.4M	$192.6M	$70.30M	$111.5M	$128.6M	$26.00M	$14.30M	$19.30M	$18.20M	$8.800M
YoY Change	177.26%	-68.45%	-30.78%	156.97%	65.23%	-50.58%	321.14%	-76.44%	-55.87%	-14.71%	44.03%	173.97%	-36.95%	-13.3%	394.62%	81.82%	-25.91%	6.04%	106.82%
Property, Plant & Equipment	$4.787M	$4.986M	$6.761M	$9.300M	$11.70M														$100.0K	$0.00
YoY Change	-3.99%	-26.25%	-27.3%	-20.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.248B	$2.964B	$2.435B	$2.354B	$2.315B	$1.880B	$1.542B	$1.424B	$1.201B	$1.021B	$910.3M	$906.3M	$652.9M	$472.0M	$374.7M	$581.3M	$530.0M	$283.2M	$176.7M	$16.70M
YoY Change	9.58%	21.75%	3.42%	1.71%	23.09%	21.93%	8.31%	18.6%	17.63%	12.13%	0.44%	38.81%	38.33%	25.97%	-35.54%	9.68%	87.15%	60.27%	958.08%
Other Assets	$17.11M	$10.08M	$3.150M	$39.30M	$50.60M	$11.60M	$3.700M	$8.300M	$9.200M	$12.70M	$6.300M							$0.00	$1.500M	$0.00
YoY Change	69.8%	219.97%	-91.98%	-22.33%	336.21%	213.51%	-55.42%	-9.78%	-27.56%	101.59%								-100.0%
Total Long-Term Assets	$3.285B	$2.981B	$2.450B	$2.407B	$2.377B	$1.894B	$1.551B	$1.440B	$1.220B	$1.063B	$944.3M	$931.0M	$677.1M	$479.7M	$380.4M	$582.7M	$527.6M	$281.8M	$175.4M	$16.40M
YoY Change	10.19%	21.71%	1.78%	1.23%	25.52%	22.11%	7.75%	18.04%	14.78%	12.53%	1.43%	37.5%	41.15%	26.1%	-34.72%	10.44%	87.22%	60.66%	969.51%
Total Assets	$3.417B	$3.029B	$2.600B	$2.624B	$2.462B	$1.945B	$1.655B	$1.464B	$1.324B	$1.299B	$1.222B	$1.124B	$747.4M	$591.2M	$509.0M	$608.7M	$541.9M	$301.1M	$193.6M	$25.20M
YoY Change
Accounts Payable	$54.16M	$47.54M	$47.78M	$36.30M	$30.30M	$26.00M	$26.90M	$21.50M	$17.20M	$14.10M	$14.30M	$11.60M	$10.80M	$8.700M	$11.90M	$9.400M	$200.0K	$500.0K	$200.0K	$0.00
YoY Change	13.92%	-0.51%	31.63%	19.8%	16.54%	-3.35%	25.12%	25.0%	21.99%	-1.4%	23.28%	7.41%	24.14%	-26.89%	26.6%	4600.0%	-60.0%	150.0%
Accrued Expenses	$5.195M	$5.506M	$7.382M	$9.300M	$11.50M												$6.800M	$4.200M	$1.400M	$200.0K
YoY Change	-5.65%	-25.41%	-20.62%	-19.13%													61.9%	200.0%	600.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$89.60M	$79.20M	$41.00M	$76.00M	$0.00
YoY Change															-100.0%	13.13%	93.17%	-46.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$59.35M	$53.05M	$55.16M	$45.60M	$41.80M	$26.00M	$26.90M	$21.50M	$17.20M	$14.10M	$14.30M	$11.60M	$10.80M	$8.700M	$11.90M	$99.00M	$86.20M	$45.70M	$79.30M	$200.0K
YoY Change	11.89%	-3.84%	20.97%	9.09%	60.77%	-3.35%	25.12%	25.0%	21.99%	-1.4%	23.28%	7.41%	24.14%	-26.89%	-87.98%	14.85%	88.62%	-42.37%	39550.0%
Long-Term Debt	$1.555B	$1.574B	$1.236B	$1.287B	$1.287B	$963.8M	$786.9M	$654.8M	$589.6M	$626.3M	$557.4M	$296.4M	$305.5M	$170.0M	$130.6M	$127.2M	$55.10M	$0.00	$0.00	$0.00
YoY Change	-1.24%	27.34%	-3.91%	-0.04%	33.54%	22.48%	20.17%	11.06%	-5.86%	12.36%	88.06%	-2.98%	79.71%	30.17%	2.67%	130.85%
Other Long-Term Liabilities												$299.7M	$0.00
YoY Change
Total Long-Term Liabilities	$1.555B	$1.574B	$1.236B	$1.287B	$1.287B	$963.8M	$786.9M	$654.8M	$589.6M	$626.3M	$557.4M	$596.1M	$305.5M	$170.0M	$130.6M	$127.2M	$55.10M	$0.00	$0.00	$0.00
YoY Change	-1.24%	27.34%	-3.91%	-0.04%	33.54%	22.48%	20.17%	11.06%	-5.86%	12.36%	-6.49%	95.12%	79.71%	30.17%	2.67%	130.85%
Total Liabilities	$1.614B	$1.627B	$1.291B	$1.332B	$1.329B	$989.7M	$813.7M	$676.3M	$606.9M	$640.4M	$571.7M	$607.7M	$316.4M	$178.7M	$142.5M	$226.2M	$141.2M	$45.70M	$79.30M	$200.0K
YoY Change	-0.81%	26.01%	-3.06%	0.26%	34.27%	21.63%	20.32%	11.44%	-5.23%	12.02%	-5.92%	92.07%	77.06%	25.4%	-37.0%	60.2%	208.97%	-42.37%	39550.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	144.1M shares	125.2M	114.7M	112.0M	101.1M	90.93M
Diluted Shares Outstanding	144.8M shares	126.7M	116.0M	112.3M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.093 Billion

About Hercules Capital, Inc.

Hercules is a non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. The company is headquartered in San Mateo, California and currently employs 100 full-time employees. The company went IPO on 2005-06-09. The firm is focused on providing financing solutions to venture capital-backed and institutional-backed companies in a variety of technology, life sciences and sustainable and renewable technology industries. The company is structured as an internally managed, non-diversified, closed-end investment company. Its business objectives are to increase its net income, net investment income, and net asset value (NAV) through its investments in primarily Structured Debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology related industries at attractive yields. The company invests in a range of companies active in the technology industry sub-sectors characterized by products or services that require advanced technologies, including, computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure and others.

Industry: UNKNOWN Peers: AssetMark Financial Holdings, Inc. Blackstone Inc. Bridge Investment Group Holdings Inc. GCM Grosvenor Inc. Goldman Sachs BDC, Inc. GOLUB CAPITAL BDC, Inc. New Mountain Finance Corp Sixth Street Specialty Lending, Inc. Victory Capital Holdings, Inc.