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Hercules Capital (HTGC) | Financial Analysis & Statements

Hercules Capital Inc. | Mid-cap | Financial Services

$19.23

0.42%

Hercules Capital vs BlackRock Hercules Capital vs Brookfield Hercules Capital vs Invesco Hercules Capital vs Hamilton Lane Hercules Capital vs Blue Owl Capital Hercules Capital vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 104.7M

Net Income 78.9M 75.34%

Balance Sheet Metrics

Total Assets 4.0B

Total Liabilities 2.0B

Shareholders Equity 2.0B

Debt to Equity 1.01

Cash Flow Metrics

Operating Cash Flow 40.2M

Free Cash Flow -222.2M

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Hercules Capital Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	353.7M	426.5M	184.6M	255.1M	297.8M
Cost of Goods Sold i	-	-	-	-	-
Gross Profit i	-	-	-	-	-
Gross Margin % i	0.0%	0.0%	0.0%	0.0%	0.0%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	19.7M	18.7M	16.9M	16.1M	18.9M
Other Operating Expenses i	4.0M	6.8M	8.4M	16.0M	11.6M
Total Operating Expenses i	23.7M	25.5M	25.3M	32.1M	30.5M
Operating Income i	-	-	-	-	-
Operating Margin % i	0.0%	0.0%	0.0%	0.0%	0.0%
Non-Operating Items
Interest Income i	-	-	-	-	-
Interest Expense i	-	-	-	-	-
Other Non-Operating Income	-	-	-	-	-
Pre-tax Income i	263.0M	337.5M	102.1M	174.2M	227.3M
Income Tax i	-	-	-	-	-
Effective Tax Rate % i	0.0%	0.0%	0.0%	0.0%	0.0%
Net Income i	263.0M	337.5M	102.1M	174.2M	227.3M
Net Margin % i	74.3%	79.1%	55.3%	68.3%	76.3%
Key Metrics
EBITDA i	-	-	-	-	-
EPS (Basic) i	$1.61	$2.32	$0.80	$1.50	$2.02
EPS (Diluted) i	$1.61	$2.31	$0.79	$1.49	$2.01
Basic Shares Outstanding i	161082000	144091000	125189000	114742000	111985000
Diluted Shares Outstanding i	161082000	144091000	125189000	114742000	111985000

Income Statement Trend

Hercules Capital Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	113.1M	98.9M	15.8M	133.1M	198.3M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	-	-	-	-	-
Inventory i	-	-	-	-	-
Other Current Assets	-	-	-	-	-
Total Current Assets i	-	-	-	-	-
Non-Current Assets
Property, Plant & Equipment i	-	-	-	-	-
Goodwill i	-	-	-	-	-
Intangible Assets i	-	-	-	-	-
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	-	-	-	-	-
Total Non-Current Assets i	-	-	-	-	-
Total Assets i	3.8B	-	-	-	-
Liabilities
Current Liabilities
Accounts Payable i	54.9M	54.2M	47.5M	47.8M	36.3M
Short-term Debt i	-	-	-	-	-
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities i	-	-	-	-	-
Non-Current Liabilities
Long-term Debt i	1.8B	1.6B	1.6B	1.2B	1.3B
Deferred Tax Liabilities i	-	-	-	-	-
Other Non-Current Liabilities	-	-	-	-	-
Total Non-Current Liabilities i	-	-	-	-	-
Total Liabilities i	1.8B	-	-	-	-
Equity
Common Stock i	171.0K	158.0K	134.0K	117.0K	115.0K
Retained Earnings i	88.9M	140.0M	59.9M	216.5M	133.4M
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	2.0B	1.8B	1.4B	1.3B	1.3B
Key Metrics
Total Debt i	1.8B	1.6B	1.6B	1.2B	1.3B
Working Capital i	0	0	0	0	0

Balance Sheet Composition

Hercules Capital Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	263.0M	337.5M	102.1M	174.2M	227.3M
Depreciation & Amortization i	-	-	-	-	-
Stock-Based Compensation i	-	-	-	-	-
Working Capital Changes i	1.7M	-1.0M	-14.2M	1.7M	1.1M
Operating Cash Flow i	343.2M	670.6M	414.1M	317.5M	220.1M
Investing Activities
Capital Expenditures i	-705.0K	-887.0K	-114.0K	-106.0K	-137.0K
Acquisitions i	-	-	-	-	-
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	-705.0K	-887.0K	-114.0K	-106.0K	-137.0K
Financing Activities
Share Repurchases i	-3.4M	-12.7M	-4.5M	-2.8M	-1.8M
Dividends Paid i	-303.5M	-273.7M	-245.1M	-175.5M	-152.4M
Debt Issuance i	1.3B	659.0M	1.3B	1.7B	824.5M
Debt Repayment i	-1.1B	-683.0M	-931.2M	-1.8B	-827.4M
Financing Cash Flow i	127.6M	34.0M	325.5M	-217.6M	-79.7M
Free Cash Flow i	-118.8M	67.4M	-424.9M	128.5M	207.7M
Net Change in Cash i	470.1M	703.7M	739.5M	99.8M	140.3M

Cash Flow Trend

Hercules Capital Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 12.54

Forward P/E 9.53

Price to Book 1.59

Price to Sales 6.87

PEG Ratio 9.53

Profitability Ratios

Profit Margin 51.46%

Operating Margin 83.23%

Return on Equity 12.94%

Return on Assets 6.64%

Financial Health

Current Ratio 0.58

Debt to Equity 96.75

Beta 0.85

Per Share Data

EPS (TTM) $1.52

Book Value per Share $11.99

Revenue per Share $3.00

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
htgc	3.5B	12.54	1.59	12.94%	51.46%	96.75
BlackRock	175.9B	27.48	3.58	13.92%	29.69%	28.51
Brookfield	103.4B	232.59	2.46	0.95%	0.73%	156.81
Invesco	9.4B	22.58	0.86	5.25%	13.27%	12.59
Hamilton Lane	8.4B	28.91	8.65	35.08%	30.66%	37.92
Blue Owl Capital	7.3B	9.40	0.94	9.80%	38.29%	120.09

Financial data is updated regularly. All figures are in the company's reporting currency.