Hercules Capital, Inc.

HTGC • Asset Management

$17.63

▼ -0.09 (-0.51%)

Current price

EarningsLatest report: Mar 31, 2026

BALANCED PROFILENeutralConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Mixed profile. The company is not automatically unattractive, but valuation, growth, or balance-sheet evidence does not yet justify a stronger signal.

Market Cap

$3.47B

Growth

—

Cash Flow

2/5

Trend

Volatile

Evidence

Stable or improving margins · 62.1%Reasonable earnings multiple · 10.01Healthy liquidity · 1.44Negative growth trend

Financial data as of: Mar 31, 2026, 12:00 AM UTCLast earnings update: May 5, 2026, 12:00 AM UTCLast profile update: Aug 5, 2026, 2:36 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$17.63

Change-0.51%

Shares Out196.82M

Market Cap$3.47B

Enterprise Value$5.98B

52W Range13.70 - 19.67

Beta0.78

P/E10.45

P/S6.30

P/B1.56

P/FCF-9.87

EV/Sales10.86

Price$17.63

Change-0.51%

Shares Out196.82M

Market Cap$3.47B

Enterprise Value$5.98B

52W Range13.70 - 19.67

Beta0.78

P/E10.45

P/S6.30

P/B1.56

P/FCF-9.87

EV/Sales10.86

EV/EBITDA16.73

EV/FCF-17.01

Earnings Yield9.57%

FCF Yield-10.14%

Dividend Yield10.44%

Gross Margin87.23%

Oper. Margin66.75%

Profit Margin62.10%

Debt/Eq1.04

Current Ratio1.44

Quick Ratio1.44

Target$15.50

Target Upside-12.08%

Target Median$15.50

Target Range15.50 - 15.50

Volume1.29M

Avg Volume1.81M

EPS Surprise0.01

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

90/100

Financial Strength

Debt, cash, stability

69/100

Growth Potential

Revenue and expansion

35/100

Price Attractiveness

Cheap or expensive today

74/100

Why this score▼

Stable or improving margins · 62.1%Reasonable earnings multiple · 10.01Healthy liquidity · 1.44Negative growth trend

Analyst view

Analyst sentiment and price target

HTGC

Analyst sentiment

Based on 31 analyst votes · 2026-09-05

79/100

Bullish

Hold

Bearish

Price Target

2026-06-24

Low

$15.50

Mean

$16.50

Median

$16.50

High

$17.50

Company Overview

IPO: 6/9/2005

Industry: Asset Management

P/B i: 1.56

Debt / Equity i: 1.04

Operating Margin: 66.75%

Net Margin: 62.10%

ROE i: -

ROIC: -

Financial Health

Score14 / 20

Debt / Equity: 1.04

Current Ratio: 1.44

Quick Ratio: 1.44

Status: Good

Insider Transactions

Recent executive and insider activity

BADAVAS ROBERT P

Transaction: 06/18/2026

BUY

Change

+3,873

Price

$15.49

Filing

06/23/2026

Type

BUY

Meyer Seth H

Transaction: 06/09/2026

SELL

Change

-5

Price

$15.45

Filing

06/10/2026

Type

SELL

Olson Andrew

Transaction: 05/18/2026

OTHER

Change

+25,756

Price

Not reported

Filing

05/28/2026

Type

OTHER

Insider	Type	Change	Price	Transaction	Filing
BADAVAS ROBERT P	BUY	+3,873	$15.49	06/18/2026	06/23/2026
Meyer Seth H	SELL	-5	$15.45	06/09/2026	06/10/2026
Olson Andrew	OTHER	+25,756	Not reported	05/18/2026	05/28/2026
Olson Andrew	OTHER	0	Not reported	05/18/2026	05/28/2026
Bluestein Scott	SELL	-9,741	$14.74	04/09/2026	04/13/2026
Meyer Seth H	SELL	-3,011	$14.74	04/09/2026	04/13/2026
Follmann Christian	SELL	-1,433	$14.74	04/09/2026	04/13/2026
Botelho Kiersten Zaza	SELL	-1,018	$14.74	04/09/2026	04/13/2026
Theodosopoulos Nikos	BUY	+7,317	$14.35	03/26/2026	03/30/2026
CROWELL GAYLE A	BUY	+7,317	$14.35	03/26/2026	03/30/2026
Randhawa Paramjeet K	BUY	+2,926	$14.35	03/26/2026	03/30/2026
Aguirre DeAnne	BUY	+7,317	$14.35	03/26/2026	03/30/2026
Fallon Thomas J	BUY	+7,300	$14.30	03/26/2026	03/30/2026
Loo Wade	BUY	+7,317	$14.35	03/26/2026	03/30/2026
BADAVAS ROBERT P	BUY	+3,658	$14.35	03/26/2026	03/30/2026
Meyer Seth H	SELL	-5	$15.11	03/05/2026	03/09/2026
Randhawa Paramjeet K	BUY	+3,050	$14.78	03/04/2026	03/05/2026
Follmann Christian	SELL	-5,000	$14.68	03/04/2026	03/05/2026
Bluestein Scott	BUY	+7,000	$14.35	02/27/2026	02/27/2026
Meyer Seth H	BUY	+7,000	$14.33	02/27/2026	02/27/2026

About the Company

Hercules Capital, Inc.

Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, emerging growth, mid venture, and late venture financing. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, SaaS Finance, energy technology, sustainable and renewable technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; gaming; healthcare services; information services; business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels, and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, drug platform, development, and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. Within sustainable and renewables, it invests in Vehicle Technology, Energy Generation and Storage, Ag Technology, Advanced Materials, and Industry 4.0. It also invests in educational services. The firm invests primarily in United States based companies and considers investment in the West Coast, Mid-Atlantic regions, Southeast and Midwest, particularly in the areas of software, biotech, and information services. The firm prefers to invest between $5 million and $500 million in equity per transactions. It invests in debt between $1 million and $40 million in companies focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in private companies but also have investments in public companies. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies which may exceed 25% of the voting securities of such companies. The firm seeks to invest a limited portion of its assets in equipment-based loans to early-stage prospective portfolio companies. These loans are generally for amounts up to $3 million but may be up to $15 million for certain energy technology venture investments. The firm allows certain debt investments have the right to convert a portion of the debt investment into equity. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. The firm has structured debt with warrants which typically have maturities of between two and seven years with an average of three years; senior debt with an investment horizon of less than three years; equipment loans with an investment horizon ranging from three to four years; and equity related securities with an investment horizon ranging from three to seven years. The firm prefers to invest through its balance sheet capital. The firm formerly known as Hercules Technology Growth Capital, Inc. Hercules Capital, Inc. was founded in December 2003 and is based in San Mateo, California with additional offices in North America and Europe.

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Peers

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Size reflects market cap · color matches the chart line

1Y peer performance

Top performers + selected company

Latest news

BlackRock Inc. Purchases New Position in Hercules Capital, Inc. $HTGC

BlackRock Inc. purchased a new stake in shares of Hercules Capital, Inc. (NYSE: HTGC) in the quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 924,105 shares of the financial services provider's stock, valued at approximately $14,573,000. BlackRock Inc. owned approximately 0.49% of Hercules

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Hercules Capital, Inc. (NYSE:HTGC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Hercules Capital, Inc. (NYSE: HTGC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy

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Earnings Surprises

Period	Estimate	Actual	Surprise
2026-05-05	0.47	0.48	0.01
2026-02-12	0.48	0.48	0
2025-10-30	0.48	0.49	0.01
2025-07-31	0.47	0.5	0.03
2025-05-01	0.46	0.45	-0.01
2025-02-13	0.51	0.49	-0.02
2024-10-30	0.51	0.51	0
2024-08-01	0.51	0.51	0
2024-05-02	0.5	0.5	0
2024-02-15	0.5	0.56	0.06
2023-11-02	0.5	0.52	0.02
2023-08-03	0.49	0.53	0.04