Hercules Capital, Inc. (HTGC)

Hercules Capital Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	80.69	77.67	50.91	14.43	27.62	23.88
Other Revenue	436.15	415.93	409.76	307.26	253.36	263.38
Revenue	516.85	493.59	460.67	321.69	280.98	287.26
Revenue Growth (YoY)	4.54%	7.15%	43.20%	14.49%	-2.19%	7.24%
Gross Profit	516.85	493.59	460.67	321.69	280.98	287.26
Selling, General & Admin	78.86	75.97	73.1	65.86	59.98	58.96
Other Operating Expenses	5.07	5.84	6.07	5.42	7.93	4.29
Operating Expenses	83.92	81.8	79.17	71.27	67.9	63.24
Operating Income	432.92	411.79	381.5	250.42	213.07	224.01
Interest Expense	-97.03	-85.96	-77.47	-62.35	-63.1	-66.87
EBT Excluding Unusual Items	335.89	325.83	304.04	188.07	149.97	157.14
Gain (Loss) on Sale of Investments	-25.25	-62.7	33.45	-82.3	28.61	70.12
Other Unusual Items	-0.29	-0.17	-	-3.69	-4.42	-
Pretax Income	310.35	262.97	337.48	102.08	174.16	227.26
Net Income	310.35	262.97	337.48	102.08	174.16	227.26
Preferred Dividends & Other Adjustments	2.72	2.83	3.34	2.2	1.71	1.61
Net Income to Common	307.63	260.14	334.14	99.88	172.44	225.65
Net Income Growth	-3.53%	-22.08%	230.60%	-41.38%	-23.37%	30.91%
Shares Outstanding (Basic)	173	161	144	125	115	112
Shares Outstanding (Diluted)	181	162	145	127	116	112
Shares Change (YoY)	14.31%	11.58%	14.34%	9.23%	3.28%	10.53%
EPS (Basic)	1.78	1.61	2.32	0.80	1.50	2.02
EPS (Diluted)	1.75	1.61	2.31	0.79	1.49	2.01
EPS Growth	-12.88%	-30.30%	192.41%	-46.98%	-25.87%	17.54%
Free Cash Flow	-399.5	-118.79	67.39	-424.91	128.52	207.67
Free Cash Flow Per Share	-2.21	-0.73	0.47	-3.35	1.11	1.85
Dividend Per Share	1.600	1.600	1.590	1.430	1.310	1.280
Dividend Growth	-	0.63%	11.19%	9.16%	2.34%	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	83.76%	83.43%	82.82%	77.84%	75.83%	77.98%
Profit Margin	59.52%	52.70%	72.53%	31.05%	61.37%	78.55%
Free Cash Flow Margin	-77.30%	-24.07%	14.63%	-132.09%	45.74%	72.29%
EBITDA	433.27	412.26	381.69	250.62	213.39	224.43
EBITDA Margin	83.83%	83.52%	82.86%	77.91%	75.95%	78.13%
D&A For EBITDA	0.35	0.47	0.19	0.2	0.32	0.42
EBIT	432.92	411.79	381.5	250.42	213.07	224.01
EBIT Margin	83.76%	83.43%	82.82%	77.84%	75.83%	77.98%
Revenue as Reported	516.85	493.59	460.67	321.69	280.98	287.26

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q