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Hercules Capital HTGC Majority Owned Control Investments — Gross CA Reduction

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MSDLCA — Investment Owned At Cost
$123.15M-22.9%
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TRINCA — Investment Owned At Cost
$56.97M+396%
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GSBDCA — Investment Owned At Cost
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MSD
MSDLCA — Investment Owned At Fair Value
$123.19M-23.5%
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TRINCA — Investment Owned At Cost Percentage
2.3%+1.7pp
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TRINCA — Investment Owned At Fair Value
$53.61M+390%

Other financials

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

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Market cap$3.23B-8.5%
Enterprise value$5.74B+3.2%
P/E9.7×-3.9×

Returns & leverage

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

Where this comes from

Reported directly by Hercules Capital in its filing.

Tagged under the XBRL concept htgc:GrossCaReduction.

The source filing: Hercules Capital’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001280784-26-000027

| Control Investments | | | | | | | | | | Majority Owned Control Investments | | | | | | | | | | Coronado Aesthetics, LLC(8) | Preferred Units | — | — | $218 | — | — | $(60) | $158 | | | Common Units | — | — | — | — | — | — | — | | Gibraltar Acquisition LLC(5) | Unsecured Debt | 1,163 | — | 38,255 | 36 | — | — | 38,291 | | | Member Units | — | — | 23,963 | — | (300) | 213 | 23,876 | | Hercules Adviser LLC(6) | Unsecured Debt | 2,101 | — | — | 3,000 | — | — | 3,000 | | | Member Units | — | — | 43,274 | — | — | (2,137) | 41,137 | | Total Majority Owned Control Investments | | $3,264 | — | $105,710 | $3,036 | $(300) | $(1,984) | $106,462 | | Other Control Investments | | | | | | | | |

Item 6. Exhibits and Financial Statement Schedules

FAQ

What is Hercules Capital's majority owned control investments — gross CA reduction?
Hercules Capital (HTGC) reported majority owned control investments — gross CA reduction of $300K in Q1 2026.
How has Hercules Capital's majority owned control investments — gross CA reduction changed year-over-year?
Hercules Capital's majority owned control investments — gross CA reduction decreased by 97.5% year-over-year, from $12M to $300K.
What does majority owned control investments — gross CA reduction mean?
This metric tracks the total reduction in the carrying amount of investments within the majority-owned control segment, typically due to divestments, repayments, or write-downs. It provides insight into the firm's capital recycling and exit activity within its controlled portfolio.

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