Hercules Capital, Inc.
HTGC NYSE·
Last close · Oct 23, 2026
$16.41
KIRA · Stoqly’s AI analyst, in plain words
- Hercules Capital, Inc. had $532M of revenue in fiscal 2025, up 7.9% on the year before. Over five years, revenue changed +13.1% a year on average.
- Hercules Capital, Inc. made $340M of net profit in fiscal 2025. From fiscal 2020 to 2025, diluted EPS grew −1.6% a year.
- Free cash flow was −$426M in fiscal 2025, −80.0% of revenue.
- Hercules Capital, Inc. returned $332M to shareholders in fiscal 2025. The diluted share count rose 16.9%.
- Hercules Capital, Inc. owes $2.2B more than it holds in cash.
Market cap
$3.3B
P/E
8.1x
Revenue
$532M
Net income
$340M
Free cash flow
−$426M
Operating margin
—
Hercules Capital, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+7.9%
Yes. Sales grew 7.9% last year.
Does it make a profit?
63.8%
Yes. It keeps 63.8% of every sale as profit.
Does profit turn into cash?
−80.0%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 7
Weak. It passes 2 of 7 health tests.
How is the share priced?
8.1x
One share costs 8.1 times its yearly profit per share.
What Hercules Capital, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- Hercules Capital, Inc.
- CIK
- 0001280784
Hercules Capital, Inc. · HTGC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $281M | $322M | $461M | $494M | $532M |
| Revenue growth | −2.2% | 14.5% | 43.2% | 7.1% | 7.9% |
| Net income | $174M | $102M | $337M | $263M | $340M |
| Net margin | 62.0% | 31.7% | 73.3% | 53.3% | 63.8% |
| Diluted EPS | $1.49 | $0.79 | $2.31 | $1.61 | $1.85 |
| Cash | |||||
| Cash from operations | $129M | −$425M | $68.3M | −$118M | −$426M |
| Capital expenditure | $0.1M | $0.1M | $0.9M | $0.7M | $0.1M |
| Free cash flow | $129M | −$425M | $67.4M | −$119M | −$426M |
| FCF margin | 45.7% | −132.1% | 14.6% | −24.1% | −80.0% |
| Dividends paid | $176M | $245M | $274M | $303M | $326M |
| Share buybacks | $2.8M | $4.5M | $12.7M | $3.4M | $6.5M |
| Share count change | 3.3% | 9.2% | 14.3% | 11.6% | 16.9% |
| Debt and strength | |||||
| Cash and short-term investments | $133M | $14.6M | $98.1M | $42.7M | $57.0M |
| Debt incl. finance leases | $1.2B | $1.6B | $1.6B | $1.8B | $2.3B |
| Shareholders' equity | $1.3B | $1.4B | $1.8B | $2.0B | $2.2B |
| Returns and quality | |||||
| Return on equity | 13.4% | 7.5% | 21.1% | 13.9% | 16.2% |
| Return on tangible equity | 13.2% | 7.1% | 18.5% | 13.1% | 15.2% |
| Piotroski F-score | — | 1 | 5 | 1 | 2 |
Insiders bought, 12 months
$2.7M
11 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Hercules Capital, Inc. · HTGC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $16.41 a share, the company is worth $3.3B: 8.1 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001280784). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.