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HTGC stock logo

HTGC

Hercules Capital, Inc.

$13.89
-0.17
 (-1.21%)
Exchange:   NYSE
Market Cap:   2.552B
Shares Outstanding:   1.187M
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Financial Services
Industry:  Asset Management
   
CEO:  Scott Bluestein
Full Time Employees:  100
Address: 
400 Hamilton Avenue
Palo Alto
CA
94301
US
Website:  https://www.htgc.com
Hercules Capital, Inc. is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market 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, 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, development and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. 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 $10 million to $250 million in equity per transactions. It invests generally between $1 million to $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 Palo Alto, California with additional offices in Connecticut; Boston, Massachusetts; San Diego, California; Westport, Connecticut; Elmhurst, Illinois; Santa Monica, California; McLean, Virginia; New York, New York; Radnor, Pennsylvania; and Washington, District of Columbia and London, United Kingdom.

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Revenue Segmentation

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EPS

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Earnings Call

Latest materials on file: Q1 2025 (2025/05/01)

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202220232024
Revenue239,387494,115430,896
Gross Profit184,638426,495353,745
EBITDA102,285337,674263,432
Operating Income102,081337,484262,966
Net Income102,081337,484262,966

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets3,416,9263,831,5914,584,026
Total Liabilities1,614,2201,842,0102,367,973
Total Stockholders Equity1,802,7061,989,5812,216,053
Total Debt1,560,0641,787,14916,267
Cash and Cash Equivalents98,899113,12456,874

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Cash Flow Statement

Year202320242025
Operating Cash Flow68,278-118,088-425,801
Capital Expenditure-88700
Free Cash Flow67,391-118,088-425,801
Net Income337,48431,486-137,340
Net Change in Cash90,137408-56,967

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2028Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)628,124.279Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)664,698.414Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)647,710Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)371,039.575Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)392,644.299Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)382,609.065Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)364,259.171Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)387,400.342Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)375,829.757Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)30,289.599Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)32,053.288Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)31,234.068Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)1.930Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)1.990Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)1.870Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)1Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)2Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
462.105M  ?P/S
 (TTM)
: 
4.66
?Net Income
 (TTM)
: 
260.135M  ?P/E
 (TTM)
: 
7.39
?Enterprise Value
 (TTM)
: 
4.797B  ?EV/FCF
 (TTM)
: 
-13.98
?Dividend Yield
 (TTM)
: 
0.14  ?Payout Ratio
 (TTM)
: 
0.96
?ROE
 (TTM)
: 
0.16  ?ROIC
 (TTM)
: 
8.35
?Net Debt
 (TTM)
: 
1.671B  ?Debt/Equity
 (TTM)
: 
1.04
?P/B
 (TTM)
: 
1.13  ?Current Ratio
 (TTM)
: 
1.44

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
7.16Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

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Intrinsic Value Calculator

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Common questions about HTGC valuation

Is Hercules Capital, Inc. (HTGC) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Hercules Capital, Inc. (HTGC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is HTGC a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether HTGC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is HTGC’s P/E ratio?

You can see HTGC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for HTGC?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is HTGC a good long-term investment?

Whether HTGC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

HTGC

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

-1.21
MARKETSnap

Trading Metrics:

Open: 14.06   Previous Close: 14.06
Day Low: 13.7   Day High: 14.11
Year Low: 13.7   Year High: 19.67
Price Avg 50: 16.45   Price Avg 200: 18.01
Volume: 2.934M   Average Volume: 2.577M

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See in Nexus

Relevant news

Hercules Capital, Inc. (HTGC) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
26-03-2026 16:39
Hercules Capital, Inc. (HTGC) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Hercules Capital, Inc. and Encourages Investors with Large Losses to Contact the Firm
26-03-2026 17:34
Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Hercules Capital, Inc. and Encourages Investors with Large Losses to Contact the Firm
Hercules Capital (HTGC) Faces Securities Class Action After Short Seller Claims Company Copied Google Ventures, Questions Marks and PIKs -- Hagens Berman
25-03-2026 19:49
Hercules Capital (HTGC) Faces Securities Class Action After Short Seller Claims Company Copied Google Ventures, Questions Marks and PIKs -- Hagens Berman
HTGC Class Action Reminder - Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Hercules Capital, Inc. Class Action
26-03-2026 16:23
HTGC Class Action Reminder - Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Hercules Capital, Inc. Class Action
HTGC Investors Have Opportunity to Lead Hercules Capital, Inc. Securities Fraud Lawsuit with the Schall Law Firm
25-03-2026 17:02
HTGC Investors Have Opportunity to Lead Hercules Capital, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Hercules Capital (HTGC) Outperforms Broader Market: What You Need to Know
23-03-2026 19:02
Hercules Capital (HTGC) Outperforms Broader Market: What You Need to Know

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