Company research
Hercules Capital, Inc.
CIK 1280784Updated Sep 27, 2026
Name history
HERCULES TECHNOLOGY GROWTH CAPITAL INC · through Feb 19, 2016
HTGC price & chart
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NYSE:HTGC on TradingView ↗About the company
Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than $21 billion to over 670 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact info@htgc.com or call 650.289.3060.
In the news
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Hercules Capital, Inc. of Class Action Lawsuit and Upcoming Deadlines – HTGC ↗
Hercules Capital, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - HTGC ↗
HTGC Investors Have Opportunity to Lead Hercules Capital, Inc. Securities Fraud Lawsuit with the Schall Law Firm ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Items 5.02, 8.01, 9.01
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
10-Q filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Other Events
Items 1.01, 2.03, 8.01, 9.01
424B2 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,584,026,000Source | 3,831,591,000Source | 3,416,926,000Source | 3,028,855,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 56,874,000Source | 42,679,000Source | 98,899,000Source | 15,797,000Source |
| Operating Lease, Right-of-Use AssetUSD | 14,842,000Source | 16,778,000Source | 4,787,000Source | 4,986,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,367,973,000Source | 1,842,010,000Source | 1,614,220,000Source | 1,627,396,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 183,000Source | 171,000Source | 158,000Source | 134,000Source |
| Additional Paid in CapitalUSD | 2,114,719,000Source | 1,900,490,000Source | 1,662,535,000Source | 1,341,416,000Source |
| Retained Earnings (Accumulated Deficit)USD | 101,151,000Source | 88,920,000Source | 140,013,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 2,216,053,000Source | 1,989,581,000Source | 1,802,706,000Source | — |
| Liabilities and EquityUSD | 4,584,026,000Source | 3,831,591,000Source | 3,416,926,000Source | 3,028,855,000Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | 2,286,444,000Source | 1,768,955,000Source | 1,554,869,000Source | 1,574,351,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 14,791,000Source | 12,485,000Source | 11,927,000Source | 10,828,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | — | — | — | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -425,801,000Source | -118,088,000Source | 68,278,000Source | -424,799,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -89,000Source | -705,000Source | -887,000Source | -114,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 6,490,000Source | 3,430,000Source | 12,702,000Source | 4,532,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 368,923,000Source | 119,201,000Source | 22,746,000Source | 314,524,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -56,967,000Source | 408,000Source | 90,137,000Source | -110,389,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 59,454,000Source | 116,421,000Source | 116,013,000Source | 25,876,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 83,449,000Source | 77,850,000Source | 67,149,000Source | 52,075,000Source |
| Income Taxes Paid, NetUSD | 6,408,000Source | 5,253,000Source | 5,267,000Source | 7,376,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 14,600,000Source | 12,800,000Source | 13,200,000Source | 13,400,000Source |
| Amortization of Debt Issuance CostsUSD | 7,257,000Source | 6,073,000Source | 6,123,000Source | 4,800,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 8,503,000Source | 6,956,000Source | 6,980,000Source | 5,562,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -184,000Source | -171,000Source | 0Source | -3,686,000Source |
| General and Administrative ExpenseUSD | 19,029,000Source | 19,672,000Source | 18,696,000Source | 16,948,000Source |
| InterestIncomeOperatingPaidInKindUSD | 55,923,000Source | 51,270,000Source | 24,670,000Source | — |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | 321,500,000Source | 286,100,000Source | 275,500,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 339,737,000Source | 262,966,000Source | 337,484,000Source | 102,081,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 337,025,000Source | 260,135,000Source | 334,141,000Source | — |
| Operating ExpensesUSD | 206,017,000Source | 178,539,000Source | 165,732,000Source | 141,941,000Source |
| Proceeds from Issuance of Common StockUSD | 206,789,000Source | 220,875,000Source | 344,347,000Source | 232,090,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | -924,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 38,812,000Source | -31,209,000Source | 25,010,000Source | -85,063,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net Income (Loss) Attributable to ParentUSD | 339,737,000Source | 262,966,000Source | 337,484,000Source | 102,081,000Source |
| Earnings Per Share, BasicUSD per share | 1.9Source | 1.61Source | 2.32Source | 0.8Source |
| Earnings Per Share, DilutedUSD per share | 1.85Source | 1.61Source | 2.31Source | 0.79Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 177,392,000Source | 161,082,000Source | 144,091,000Source | 125,189,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 188,861,000Source | 161,599,000Source | 144,826,000Source | 126,659,000Source |
| Additional Financial Items | ||||
| Depreciation, Depletion and Amortization, NonproductionUSD | 337,000Source | 466,000Source | 190,000Source | 204,000Source |
| General and Administrative ExpenseUSD | 19,029,000Source | 19,672,000Source | 18,696,000Source | 16,948,000Source |
| Interest ExpenseUSD | — | — | 77,465,000Source | 62,347,000Source |
| Interest Expense, DebtUSD | 92,176,000Source | 77,151,000Source | 67,620,000Source | 54,749,000Source |
| InterestExpenseOperatingUSD | 103,185,000Source | 85,958,000Source | — | — |
| Interest Income, OperatingUSD | — | — | — | 307,258,000Source |
| InterestIncomeOperatingPaidInKindUSD | 55,923,000Source | 51,270,000Source | 24,670,000Source | — |
| Labor and Related ExpenseUSD | 63,349,000Source | 54,233,000Source | 50,258,000Source | 43,852,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 337,025,000Source | 260,135,000Source | 334,141,000Source | — |
| Net Investment IncomeUSD | 341,720,000Source | 325,832,000Source | 304,037,000Source | 188,068,000Source |
| Operating ExpensesUSD | 206,017,000Source | 178,539,000Source | 165,732,000Source | 141,941,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | -924,000Source |
Filing attachments
d804647dex42.htm · 8-K · 2026-02-10
EX-4.2 3 d804647dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 Execution Version TENTH SUPPLEMENTAL INDENTURE between HERCULES CAPITAL, INC. and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee Dated as of February 10, 2026 TENTH SUPPLEMENTAL INDENTURE THIS TENTH SUPPLEMENTAL INDENTURE (this “Tenth Supplemental Indenture”), dated as of February 10, 2026, is between Hercules Capital, Inc., a Maryland corporation (the “Company”), and U.S. Bank Trust Company, National Association (as s…
Read attachment ↗d71856dex42.htm · 8-K · 2025-06-16
EX-4.2 3 d71856dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 Execution Version NINTH SUPPLEMENTAL INDENTURE between HERCULES CAPITAL, INC. and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee Dated as of June 16, 2025 NINTH SUPPLEMENTAL INDENTURE THIS NINTH SUPPLEMENTAL INDENTURE (this “Ninth Supplemental Indenture”), dated as of June 16, 2025, is between Hercules Capital, Inc., a Maryland corporation (the “Company”), and U.S. Bank Trust Company, National Association (as successor …
Read attachment ↗d931396dex41.htm · 8-K · 2025-03-10
EX-4.1 2 d931396dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 Execution Version HERCULES CAPITAL, INC. AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of March 10, 2025 4.750% Convertible Senior Notes due 2028 TABLE OF CONTENTS PAGE ARTICLE 1 DEFINITIONS Section 1.01 …
Read attachment ↗d931396dex991.htm · 8-K · 2025-03-10
EX-99.1 3 d931396dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Hercules Capital Closes Offering of $287.5 Million of Convertible Unsecured Notes Convertible Unsecured Notes due 2028 Initially Assigned a BBB+ by Kroll Bond Rating Agency SAN MATEO, Calif., March 10, 2025 - Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has closed a private offering of $287.5 million aggregate principal amount of its 4.750% Convertible Unsecured Notes due 2028 (the “Con…
Read attachment ↗d910193dex991.htm · 8-K · 2025-03-06
EX-99.1 2 d910193dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Hercules Capital Prices $250.0 Million of Convertible Unsecured Notes SAN MATEO, Calif., March 5, 2025 - Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has agreed to sell to the initial purchasers in a private offering, $250.0 million aggregate principal amount of its 4.75% Convertible Unsecured Notes due 2028 (the “Convertible Notes”). The Company also has granted the initial purchasers a…
Read attachment ↗d899945dex991.htm · 8-K · 2025-03-05
EX-99.1 2 d899945dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Hercules Capital Announces Offering of $250.0 Million of Convertible Unsecured Notes SAN MATEO, Calif., March 5, 2025 - Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it plans to make an offering of $250.0 million aggregate principal amount of its Convertible Unsecured Notes due 2028 (the “Convertible Notes”). The Company plans to grant the initial purchasers an option to purchase up to an ad…
Read attachment ↗