HTGCNYSEFiscal year ends December 31Also trades as HCXY
Hercules Capital, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$16.07−0.30 (-1.83%)
Close on Oct 19, 2026
- Market cap
- $3.21B
- P/E (TTM)
- 8.1
- Dividend yield
- –
Margins need revenue and profit figures
This company does not report the lines needed to calculate margins.
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Net income | +29.2% | +49.3% | +8.4% | – | |
| EPS, diluted | +14.9% | +32.8% | -1.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 18.7% | 16.2% | |
| Return on assets | – | – | 8.1% | |
| Diluted shares | 74M | 112M | 189M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hercules Capital generated $1.17B from operations and spent $1.36B on capital expenditure, dividends and share buybacks. 0% of that went back into the business.
Generated
$1.17B
Used
$1.36B
Capital expenditure$1.90M0%Dividends$1.32B98%Share buybacks$29.97M2%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$339.74M
- Cash generatingOperating cash flow above zero-$425.80M
- Return on assets improvedROA up on the prior year7.7% → 8.9%
- Earnings backed by cashOperating cash flow above net income-$425.80M vs $339.74M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise162M → 189M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → –