Hercules Capital, Inc. (HTGC) — Financial statements
Income statement, balance sheet, and cash flow for Hercules Capital, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 547↑27.0% | 431↓12.8% | 494↑106.4% | 239↓22.7% | 310 | |
| Cost of Revenue | 70↓9.5% | 77↑14.1% | 68↑23.5% | 55↑0.6% | 54 | |
| Gross Profit | 477↑34.9% | 354↓17.1% | 426↑131.0% | 185↓27.6% | 255 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 19↓3.3% | 20↑5.2% | 19↑10.3% | 17↑5.2% | 16 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 19↓3.3% | 20↑5.2% | 19↑10.3% | 17↑5.2% | 16 | |
| Other Expenses | 93↑30.9% | 71↑1.1% | 70↑7.2% | 66↑1.1% | 65 | |
| Operating Expenses | 112↑23.5% | 91↑2.0% | 89↑7.8% | 83↑1.9% | 81 | |
| Total Costs & Expenses | 182↑8.3% | 168↑7.2% | 157↑14.1% | 137↑1.4% | 135 | |
| Operating Results | ||||||
| Operating Income | 365↑38.9% | 263↓22.1% | 337↑230.6% | 102↓41.4% | 174 | |
| Depreciation & Amortization | 0.34↓27.7% | 0.47↑145.3% | 0.19↓6.9% | 0.20↓35.6% | 0.32 | |
| EBITDA | 365↑38.7% | 263↓22.0% | 338↑230.1% | 102↓41.4% | 174 | |
| EBIT | 365↑38.8% | 263↓22.1% | 337↑230.6% | 102↓41.4% | 174 | |
| Interest & Other Income | ||||||
| Net Interest Income | 416↑6.6% | 390↑6.3% | 367↑45.3% | 253↑26.9% | 199 | |
| Interest Income | 508↑8.7% | 467↑7.5% | 434↑41.4% | 307↑21.3% | 253 | |
| Interest Expense | 92↑19.5% | 77↑14.1% | 68↑23.5% | 55↑0.6% | 54 | |
| Non-Operating Income | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -25 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 340↑29.2% | 263↓22.1% | 337↑230.6% | 102↓41.4% | 174 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 340↑29.2% | 263↓22.1% | 337↑230.6% | 102↓41.4% | 174 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 340↑29.2% | 263↓22.1% | 337↑230.6% | 102↓41.4% | 174 | |
| Bottom-Line Net Income | 337↑28.2% | 263↓22.1% | 337↑237.9% | 100↓42.6% | 174 | |
| EPS (Basic) | 1.90↑18.0% | 1.61↓30.6% | 2.32↑190.0% | 0.80↓46.7% | 1.50 | |
| EPS (Diluted) | 1.85↑14.9% | 1.61↓30.3% | 2.31↑192.4% | 0.79↓47.0% | 1.49 | |
| Weighted Average Shares | 181↑12.2% | 161↑11.8% | 144↑15.1% | 125↑9.1% | 115 | |
| Weighted Average Diluted Shares | 195↑20.5% | 162↑11.6% | 145↑14.3% | 127↑9.2% | 116 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.