Hercules Capital, Inc. (HTGC)

From the record

Hercules Capital, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Hercules Capital, Inc.'s 5 filed years say what it did: revenue went from $253 million in fiscal 2021 to $508 million in fiscal 2025, up 19% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 5 of 5 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Hercules Capital, Inc.'s diluted share count grew about 12.3% a year, and dividends and buybacks returned about 98% of its net income over 3 years (its filed statements). Its officers and directors filed 0 sales and 25 purchases of their own stock on the open market in the year to 2026-10-13, buying about $3 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Hercules Capital, Inc. earned about 15 cents of profit for every dollar of shareholders' money. Leverage: it owed about 52 cents per dollar of assets, and net share issuance: its share count grew 10.1% over the year (the filed statements).

From the record

Hercules Capital, Inc.'s standing among 12 graded names in its industry family: revenue of $508 million in fiscal 2025 ranks in the top 12% by size; a net margin of 66.9% ranks in the top 23%; revenue growth of 18.2% a year over the last 3 filed years ranks in the top 46% (its annual reports).

From the record

Hercules Capital, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Bluestein, Scott (Chief Executive Officer, as filed), filing under that title since 2019-04-11, 7.6 years (top 50% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 5.4 years (bottom 32%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (top 41%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Hercules Capital, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $59 million against debt of $2.3 billion leaves -48.6% of its assets as net cash, bottom 40% of its family; cash from operations less capital spending is -83.9% of revenue (top 50%) (its annual report).

From the record

Hercules Capital, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 18.2% a year over the last three filed years against 19% over all 5, slowing (bottom 39% of its family); the newest year grew 8.7% (bottom 31%); capital spending grew -7.9% a year (bottom 17%) (its annual reports). Hercules Capital, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Hercules Capital, Inc.'s newest year against its own record: revenue of $508 million in fiscal 2025 came in 11.8% below the $576 million its prior three years' pace pointed to (bottom 31% of its family); net income of $340 million against a prior three-year average of $234 million (top 44%); a net margin of 66.9% against 55.7% before (top 50%) (its annual reports).