LIVE

HTGC

Hercules Capital, Inc.

HTGC

NYSE·Financial Services·Asset Management·Mkt cap $3.0B

$15.96

▲ +0.25%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$13.70 - $19.67

P/E

9.02

Fwd P/E

8.29

Beta

0.74

Div Yield

12.25%

Avg Vol

1.7M

Shares Out

183.7M

Mkt Cap

$3.0B

Price action

Price chart

Down 14.4% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Deep venture debt expertise with established relationships across venture capital ecosystem
  • Diversified financing platform spanning early-stage through lower middle-market opportunities
  • Structured debt with warrant strategy providing equity upside participation alongside debt returns
  • Flexible, customized financing solutions addressing complex capital needs underserved by traditional lenders
  • Public BDC status enabling efficient capital deployment and regular investor distributions
▼

Bear Case

2 risks

  • Low volatility (beta 0.7).
  • Growth premium of 0.8x vs Specialty Finance peers. Reasonable for this growth rate.

Growth

Stable outlook

Expansion of venture capital funding activity and increased demand for alternative debt financing

Value

Growth premium of 0.8x vs Specialty Finance peers. Reasonable for this growth rate.

Momentum

Strong

+6.8% over 3m

Quality

Excellent

High-growth business (4% revenue growth, 86% gross margin). Profitable with strong growth momentum.

Dividend

High yield

12.25% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 29, 2026

“
Q2 26 RECAP

MAY 5, 2026

Reported EPS of $0.48 vs $0.47 consensus (+2.1% surprise). Revenue of $141.5M vs $141.4M expected (+0.1%). Beat on both top and bottom lines.

EPS beat +2.1%
Rev beat +0.1%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+2.1%

Next: Apr 29, 2026

Revenue trend · last 8Q

—

—

-41%

-37%

+60%

+60%

+92%

+4%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$65.3M

$90.4M

$82.3M

$92.4M

$127.6M

$169.3M

$157.7M

$95.9M

Margins · last 8Q

Gross

—

Operating

—

Profit

44.3%

View full earnings history →

Wall Street consensus

5 analysts · 60% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

60%

Hold

2

40%

Sell

0%

Median Price Target

$15.50

▼ -2.9% vs $15.96

Low $15.50
Median $15.50
High $15.50

Latest: UBS · $15.50 · May 18, 2026

1 analyst covering

View full analyst page →

vs Industry

How HTGC stacks vs Asset Management

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.