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Hercules Capital HTGC Percentage of equity investments held in portfolio companies

Percentage of equity investments held in portfolio companies at other companies

Main Street Capital logo
Main Street CapitalMAIN
$391.94M+61.5%
Rithm Capital logo
Rithm CapitalRITM
$325.9M+10.6%
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
4-42.9%
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
4+33.3%
Global Net Lease logo
Global Net LeaseGNL
26%-4.0pp
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
$36M+112%

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:PercentGreaterFivePercentFairValueEquity.

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

As of March 31, 2026 and December 31, 2025, the Company’s ten largest portfolio companies represented approximately 26.2% and 28.6%, respectively, of the total fair value of the Company’s investments in portfolio companies. As of March 31, 2026 and December 31, 2025, the Company had seven portfolio companies each, respectively, that represented 5% or more of the Company’s net assets. As of March 31, 2026, the Company had two equity investments which represented approximately 49.2% of the total fair value of the Company's equity investments, and each represented 5% or more of the total fair value of the Company’s equity investments. As of December 31, 2025, the Company had two equity investments which represented approximately 48.4% of the total fair value of the Company’s equity investments, and each represented 5% or more of the total fair value of the Company’s equity investments.

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Hercules Capital's percentage of equity investments held in portfolio companies?
Hercules Capital (HTGC) reported percentage of equity investments held in portfolio companies of 49.2% in Q1 2026.
How has Hercules Capital's percentage of equity investments held in portfolio companies changed year-over-year?
Hercules Capital's percentage of equity investments held in portfolio companies decreased by 19.7% year-over-year, from 61.3% to 49.2%.
What is the long-term trend for Hercules Capital's percentage of equity investments held in portfolio companies?
Over 4 years (2021 to 2025), Hercules Capital's percentage of equity investments held in portfolio companies has grown at a -0.6% compound annual growth rate (CAGR), from 49.6% to 48.4%.
What does percentage of equity investments held in portfolio companies mean?
This metric represents the proportion of the total investment portfolio comprised of equity stakes in individual portfolio companies that exceed a five percent fair value threshold. It serves as a measure of concentration risk and the company's strategic commitment to equity ownership within its venture-backed portfolio. Higher percentages indicate a greater reliance on the performance of specific, significant equity holdings.

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