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HTGC
Hercules Capital, Inc.
$16.83
0.42
(2.53%)
| Exchange: | NYSE |
| Market Cap: | 3.189B |
| Shares Outstanding: | 180.773M |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Asset ManagementView industry performance | |||||
| CEO: | Scott Bluestein | |||||
| Full Time Employees: | 100 | |||||
| Address: |
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| Website: | https://www.htgc.com |
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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Revenue Segmentation
EPS
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Earnings Call
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 494,115 | 430,896 | 547,096 |
| Gross Profit | 426,495 | 353,745 | 477,253 |
| EBITDA | 337,674 | 263,432 | 365,433 |
| Operating Income | 337,484 | 262,966 | 365,160 |
| Net Income | 337,484 | 262,966 | 339,737 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,416,926 | 3,831,591 | 4,584,026 |
| Total Liabilities | 1,614,220 | 1,842,010 | 2,367,973 |
| Total Stockholders Equity | 1,802,706 | 1,989,581 | 2,216,053 |
| Total Debt | 1,560,064 | 1,787,149 | 16,267 |
| Cash and Cash Equivalents | 98,899 | 113,124 | 56,874 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 68,278 | -118,088 | -425,801 |
| Capital Expenditure | -887 | 0 | 0 |
| Free Cash Flow | 67,391 | -118,088 | -425,801 |
| Net Income | 337,484 | 31,486 | -137,340 |
| Net Change in Cash | 90,137 | 408 | -56,967 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 650,923.952 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 739,582.419 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 680,653.600 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 466,466.513 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 513,314.983 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 504,700.348 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 368,154.991 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 405,165.282 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 398,359.720 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 31,389.052 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 35,664.367 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 32,822.684 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 1.990 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 2.080 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 1.890 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 5 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 6 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates HTGC intrinsic value between $2.18 – $4.80 per share. This depends on revenue growth, margins, and discount rate.
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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.
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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
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Daily snapshot
2.53
Trading Metrics:
| Open: | 16.57 | Previous Close: | 16.41 | |
| Day Low: | 16.57 | Day High: | 16.88 | |
| Year Low: | 13.7 | Year High: | 19.13 | |
| Price Avg 50: | 16.98 | Price Avg 200: | 16.13 | |
| Volume: | 958675 | Average Volume: | 1.398M |
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