Hercules Capital, Inc.HTGC

NYSE
Price (close)
$16.80
Market cap
$3.1B
P/E
8.2x
Revenue (TTM)
—
Net income
$383.2M
Dividend yield
11.19%
1-year total return
-1.2%
Net margin
—
Revenue growth
—
Debt / equity
1.03x

What Hercules Capital, Inc. does.

Hercules Capital, Inc. is a specialty finance company focused on providing senior secured loans to high-growth, innovative venture capital-backed and institutional-backed companies in a variety of technology and life sciences industries. We make investments in companies that are active across a variety of technology-related industry sub-sectors or are characterized by products or services that require advanced technologies, including, but not limited to, computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure or services, consumer and business services, telecommunications, telecommunications equipment and media. Within the life sciences sub-sector, we generally focus on medical devices, bio-pharmaceutical, drug discovery and development, drug delivery, health care services and information systems companies. We refer to such companies in the technology and life sciences sub-sectors described herein as “technology-related” companies.

Our primary business objectives are to increase our net income, net investment income, and net asset value (“NAV”) through our investments in primarily Structured Debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology-related industries at attractive yields. We use the term “Structured Debt” to refer to a debt investment that is structured with an equity, warrant, option, or other right to purchase or convert into common or preferred equity investments. We aim to achieve our business objectives by maximizing our portfolio total return through generation of current income from our debt investments and capital appreciation from our warrant and equity investments.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Net income$227.3M$174.2M$102.1M$337.5M$263.0M$339.7M
Free cash flow$207.7M$128.5M-$424.9M$67.4M-$118.8M-$425.9M

More on HTGC.

Figures from Hercules Capital, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.