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Hercules Capital

HTGC

Hercules Capital is a leading specialty finance company that provides customized financing solutions to high-growth, innovative venture capital-backed and institutional-backed companies.

Market cap
$3.07B-13.3%
Net income$331.9M+49.3%
Free cash flow-$434.3M-19.9%
EPS (diluted)$1.77+33.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (in 3 months)
Revenue estimate$144.1M
EPS estimate$0.49

Financials

Q1 2026

Income statement

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Net income$42.5M-15.6%
EPS (diluted)$0.23-20.7%

Balance sheet

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Cash & equivalents$44.9M-17.3%
Total debt$2.6B+28.1%
Total equity$2.2B+11.3%
Total assets$4.8B+19.7%

Cash flow

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Operating cash flow-$230.6M-3.8%
CapEx$19.0K+138%
Free cash flow-$230.7M-3.8%

Valuation & ratios

Valuation

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Market cap$3.07B-13.3%
Enterprise value$5.58B+0.7%
P/E9.3×-4.3×

Returns & leverage

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Return on equity15.7%+4.3pp
Debt / equity1.1×+0.2×

Competitors

Profile

Hercules Capital is a leading specialty finance company that provides customized financing solutions to high-growth, innovative venture capital-backed and institutional-backed companies. The firm primarily focuses on senior secured loans for technology-related and life sciences industries, aiming to generate current income and capital appreciation through a combination of debt and equity-linked investments.

Competitive position

A leading internally managed Business Development Company (BDC) specializing in the venture lending market for technology-related industries.

GeographiesUnited States, United Kingdom
Customer segmentsVenture Capital-backed Companies, Technology Companies, Life Sciences Companies
Business modelB2B, Direct Lending, Investment Management
SuppliersSBA Debenture Program, Institutional Investors, Public Capital Markets, Venture Capital Ecosystem
CustomersSoftware Developers, Biopharmaceutical Companies, Medical Device Manufacturers, IT Infrastructure Providers
Listed2005
Employees100.0
CEOScott Bluestein
Websitehtgc.com
FilingsSEC EDGAR

FAQ

What is Hercules Capital's market cap?
Hercules Capital (HTGC) has a market capitalization of $3.1B and trades on NYSE.
Who are Hercules Capital's competitors?
Hercules Capital's key competitors include Sixth Street Specialty Lending, Inc., Horizon Technology Finance Corporation, TriplePoint Venture Growth BDC Corp., and others. These companies compete in similar markets and product categories.
Who does Hercules Capital partner with?
Hercules Capital's notable partners include Small Business Administration.
What subsidiaries does Hercules Capital have?
Hercules Capital's subsidiaries include Hercules Capital Management LLC, Hercules Adviser LLC, Hercules Partner Holdings, LLC.
Where is Hercules Capital headquartered?
Hercules Capital is headquartered in United States of America and employs approximately 100 people. It has been publicly traded since 2005.