Skip to content

Spread at other companies

Blackstone Secured Lending Fund logo
Blackstone Secured Lending FundBXSL
6%0.0pp
Golub Capital logo
Golub CapitalGBDC
4.8%-1.8pp
Blue Owl Capital logo
Blue Owl CapitalOBDC
4.3%-0.8pp

Other financials

Income statement

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

Balance sheet

See full
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

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

Valuation

See full
Market cap$2.84B-18.4%
Enterprise value$5.35B-0.8%
P/E8.6×-7.1×

Returns & leverage

See full
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 us-gaap:InvestmentBasisSpreadVariableRate.

The official record: Hercules Capital’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about Hercules Capital's spread.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Hercules Capital's spread?
Hercules Capital (HTGC) reported spread of 8.1% in Q1 2026.
How has Hercules Capital's spread changed year-over-year?
Hercules Capital's spread increased by 278.6% year-over-year, from 2.2% to 8.1%.
What is the long-term trend for Hercules Capital's spread?
Over 3 years (2022 to 2025), Hercules Capital's spread has grown at a 39.5% compound annual growth rate (CAGR), from 3% to 8.1%.
What does spread mean?
The spread represents the additional percentage points added to a benchmark interest rate, such as SOFR or LIBOR, for variable-rate debt investments. It is a fundamental component of the yield generated by the loan portfolio and reflects the credit risk premium charged to borrowers. A higher spread generally indicates higher potential interest income, balanced against the credit risk of the underlying portfolio companies.