Hercules Capital Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	80.53	77.67	50.91	14.43	27.62
Other Revenue	451.96	415.93	409.76	307.26	253.36
Revenue	532.49	493.59	460.67	321.69	280.98
Revenue Growth (YoY)	7.88%	7.15%	43.20%	14.49%	-2.19%
Gross Profit	532.49	493.59	460.67	321.69	280.98
Selling, General & Admin	81.78	75.97	73.1	65.86	59.98
Other Operating Expenses	5.81	5.84	6.07	5.42	7.93
Operating Expenses	87.59	81.8	79.17	71.27	67.9
Operating Income	444.91	411.79	381.5	250.42	213.07
Interest Expense	-103.19	-85.96	-77.47	-62.35	-63.1
EBT Excluding Unusual Items	341.72	325.83	304.04	188.07	149.97
Gain (Loss) on Sale of Investments	-1.8	-62.7	33.45	-82.3	28.61
Other Unusual Items	-0.18	-0.17	-	-3.69	-4.42
Pretax Income	339.74	262.97	337.48	102.08	174.16
Net Income	339.74	262.97	337.48	102.08	174.16
Preferred Dividends & Other Adjustments	2.71	2.83	3.34	2.2	1.71
Net Income to Common	337.03	260.14	334.14	99.88	172.44
Net Income Growth	29.19%	-22.08%	230.60%	-41.38%	-23.37%
Shares Outstanding (Basic)	177	161	144	125	115
Shares Outstanding (Diluted)	189	162	145	127	116
Shares Change (YoY)	16.87%	11.58%	14.34%	9.23%	3.28%
EPS (Basic)	1.90	1.61	2.32	0.80	1.50
EPS (Diluted)	1.85	1.61	2.31	0.79	1.49
EPS Growth	15.17%	-30.30%	192.41%	-46.98%	-25.87%
Free Cash Flow	-425.89	-118.79	67.39	-424.91	128.52
Free Cash Flow Per Share	-2.25	-0.73	0.47	-3.35	1.11
Dividend Per Share	1.600	1.600	1.590	1.430	1.310
Dividend Growth	-	0.63%	11.19%	9.16%	2.34%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	83.55%	83.43%	82.82%	77.84%	75.83%
Profit Margin	63.29%	52.70%	72.53%	31.05%	61.37%
Free Cash Flow Margin	-79.98%	-24.07%	14.63%	-132.09%	45.74%
EBITDA	445.24	412.26	381.69	250.62	213.39
EBITDA Margin	83.61%	83.52%	82.86%	77.91%	75.95%
D&A For EBITDA	0.34	0.47	0.19	0.2	0.32
EBIT	444.91	411.79	381.5	250.42	213.07
EBIT Margin	83.55%	83.43%	82.82%	77.84%	75.83%
Revenue as Reported	532.49	493.59	460.67	321.69	280.98

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q