HTGC - Hercules Capital, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$17.58
DETAILS
HIGH:
$19.75
LOW:
$15.50
MEDIAN:
$17.50
CONSENSUS:
$17.58
UPSIDE:
14.60%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||
| Revenue | 547.1 | 430.9 | 494.1 | 239.4 | 309.6 | 357.4 | 298.2 | 175.5 | 173.4 | 143.4 | 126.5 | 143.1 | 166.1 | 96.2 | 87.2 | 35.1 | 44.7 | 57.1 | 63.9 | 30.4 | 11.5 | 0 |
| Cost of Revenue | 69.8 | 77.2 | 67.6 | 54.7 | 54.4 | 59.6 | 54.6 | 39.4 | 37.9 | 32.0 | 30.8 | 28.0 | 30.3 | 19.8 | 13.3 | 8.6 | 9.4 | 13.1 | 4.4 | 5.8 | 1.8 | 0 |
| Gross Profit | 477.3 | 353.7 | 426.5 | 184.6 | 255.1 | 297.8 | 243.6 | 136.1 | 135.6 | 111.4 | 95.7 | 115.1 | 135.8 | 76.3 | 74.0 | 26.5 | 35.4 | 43.9 | 59.5 | 24.6 | 9.7 | 0 |
| Operating Expenses | ||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 19.0 | 19.7 | 18.7 | 16.9 | 16.1 | 18.9 | 19.2 | 14.5 | 15.7 | 16.1 | 16.7 | 10.2 | 9.4 | 8.1 | 8.0 | 7.1 | 7.3 | 6.9 | 5.4 | 5.4 | 2.3 | 0.4 |
| Other Expenses | 93.1 | 71.1 | 70.3 | 65.6 | 64.9 | 51.6 | 50.8 | 45.1 | 40.9 | 26.6 | 36.1 | 33.7 | 27.0 | 21.5 | 19.0 | 14.4 | 14.5 | 16.0 | 11.7 | 7.8 | 5.3 | 1.6 |
| Operating Expenses | 112.1 | 90.8 | 89.0 | 82.6 | 81.0 | 70.5 | 70.0 | 59.6 | 56.6 | 42.7 | 52.8 | 43.9 | 36.3 | 29.6 | 27.0 | 21.5 | 21.8 | 22.9 | 17.1 | 13.3 | 7.6 | 2.0 |
| Operating Income | ||||||||||||||||||||||
| Operating Income | 365.2 | 263.0 | 337.5 | 102.1 | 174.2 | 227.3 | 173.6 | 76.5 | 79.0 | 68.7 | 42.9 | 71.2 | 99.4 | 46.8 | 46.9 | 5.0 | 13.6 | 21.0 | 42.4 | 11.4 | 2.1 | (2.0) |
| Interest Expense | 92.2 | 77.2 | 67.6 | 54.7 | 54.4 | 59.6 | 54.6 | 39.4 | 37.9 | 32.0 | 30.8 | 28.0 | 30.3 | 19.8 | 13.3 | 8.6 | 9.4 | 13.1 | 4.4 | 5.8 | 1.8 | 0 |
| Interest Income | 507.9 | 467.2 | 434.4 | 307.3 | 253.4 | 263.4 | 247.5 | 190.6 | 172.2 | 158.7 | 140.3 | 126.6 | 123.7 | 87.6 | 70.3 | 54.4 | 62.2 | 67.3 | 48.8 | 26.3 | 9.8 | 0.2 |
| Profitability | ||||||||||||||||||||||
| EBITDA | 365.4 | 263.4 | 337.7 | 102.3 | 174.5 | 227.7 | 173.9 | 76.7 | 79.2 | 68.9 | 43.1 | 71.5 | 99.7 | 47.0 | 47.3 | 5.4 | 13.9 | 21.3 | 42.6 | 11.4 | 2.1 | (2.0) |
| EBIT | 365.1 | 263.0 | 337.5 | 102.1 | 174.2 | 227.3 | 173.6 | 76.5 | 79.0 | 68.7 | 42.9 | 71.2 | 99.4 | 46.8 | 46.9 | 5.0 | 13.6 | 21.0 | 42.4 | 11.4 | 2.1 | (2.0) |
| Income Before Tax | 339.7 | 263.0 | 337.5 | 102.1 | 174.2 | 227.3 | 173.6 | 76.5 | 79.0 | 68.7 | 42.9 | 71.2 | 99.4 | 46.8 | 46.9 | 5.0 | 13.6 | 21.0 | 42.4 | 11.4 | 2.1 | (2.0) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 49.1 | 0 | 0 | 42.9 | 72.8 | 28.4 | 0 | (11.2) | 21.5 | (5.9) | 0.0 | 0.6 | 0.3 | 0 |
| Net Income | 339.7 | 263.0 | 337.5 | 102.1 | 174.2 | 227.3 | 173.6 | 76.5 | 79.0 | 68.7 | 42.9 | 71.2 | 99.4 | 46.8 | 46.9 | 5.0 | 13.6 | 21.0 | 42.4 | 11.4 | 2.1 | (2.0) |
| Per Share Data | ||||||||||||||||||||||
| EPS (Basic) | 1.90 | 1.61 | 2.32 | 0.80 | 1.50 | 2.02 | 1.71 | 0.83 | 0.95 | 0.91 | 0.60 | 1.12 | 1.67 | 0.93 | 1.08 | 0.12 | 0.38 | 0.64 | 1.50 | 0.85 | 0.30 | -1.72 |
| EPS (Diluted) | 1.85 | 1.61 | 2.31 | 0.79 | 1.49 | 2.01 | 1.71 | 0.83 | 0.95 | 0.91 | 0.59 | 1.10 | 1.63 | 0.93 | 1.07 | 0.12 | 0.37 | 0.64 | 1.49 | 0.84 | 0.30 | -1.72 |
| Shares Outstanding | 180.8 | 161.1 | 144.1 | 125.2 | 114.7 | 112.0 | 101.1 | 90.9 | 82.5 | 73.8 | 69.5 | 61.9 | 58.8 | 49.1 | 43.0 | 36.2 | 34.5 | 32.6 | 28.3 | 13.4 | 6.9 | 1.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 56.9 | 113.1 | 98.9 | 15.8 | 133.1 | 198.3 | 64.4 | 34.2 | 91.3 | 13.0 | 124.8 | 17.2 | 8.7 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 37.3 | 32.6 | 32.7 | 31.7 | 17.4 | 19.1 | 20.2 | 17.0 | 12.3 | 11.6 | 3.8 | 8.8 | 0.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | (70.4) | 28.0 | 11.0 | 3.7 | 39.4 | 50.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 94.1 | 75.3 | 159.6 | 58.4 | 154.2 | 256.8 | 135.2 | 51.2 | 103.6 | 24.7 | 128.6 | 26.0 | 8.8 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 14.8 | 16.8 | 4.8 | 5.0 | 6.8 | 9.3 | 11.7 | 0 | 0 | 0 | 0 | 0 | 0.0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 4,466.6 | 3,660.0 | 3,248.0 | 2,964.0 | 2,434.5 | 2,354.1 | 2,314.5 | 1,880.4 | 1,542.2 | 1,423.9 | 374.7 | 581.3 | 0 |
| Other Non-Current Assets | (4,466.6) | (3,660.0) | 4.5 | 1.5 | 4.5 | 3.9 | 0.6 | 13.6 | 8.9 | 15.6 | 5.7 | (581.3) | 16.4 |
| Total Non-Current Assets | 14.8 | 16.8 | 3,257.3 | 2,970.4 | 2,445.8 | 2,367.2 | 2,326.8 | 1,894.0 | 1,551.1 | 1,439.5 | 380.4 | 581.3 | 16.5 |
| Total Assets | 4,584.0 | 3,831.6 | 3,416.9 | 3,028.9 | 2,600.0 | 2,624.0 | 2,462.0 | 1,945.2 | 1,654.7 | 1,464.2 | 509.0 | 608.7 | 25.2 |
| Current Liabilities | |||||||||||||
| Account Payables | 65.3 | 54.9 | 50.8 | 46.3 | 42.1 | 36.3 | 30.3 | 26.0 | 26.9 | 21.5 | 11.9 | 9.4 | 0.0 |
| Short-Term Debt | 0 | 3.1 | 104.8 | 0 | 379.3 | 0 | 0 | 53.0 | 0 | 5.0 | 0 | 89.6 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (6.9) | 0 |
| Other Current Liabilities | 0 | (3.1) | 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (92.1) | 0 |
| Total Current Liabilities | 65.3 | 54.9 | 159.0 | 47.5 | 427.1 | 36.3 | 30.3 | 78.9 | 26.9 | 26.5 | 11.9 | (6.9) | 0.2 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 2,302.7 | 1,769.0 | 1,450.0 | 1,574.4 | 857 | 1,286.6 | 1,287.1 | 910.8 | 786.9 | 649.8 | 130.6 | 127.2 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 105.9 | 0 |
| Total Non-Current Liabilities | 2,302.7 | 1,787.1 | 1,453.3 | 1,579.9 | 864.4 | 1,296.0 | 1,298.6 | 910.8 | 786.9 | 649.8 | 130.6 | 233.1 | 0 |
| Total Liabilities | 2,368.0 | 1,842.0 | 1,614.2 | 1,627.4 | 1,291.5 | 1,332.3 | 1,328.9 | 989.7 | 813.7 | 676.3 | 142.5 | 226.2 | 0.2 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 101.2 | 88.9 | 140.0 | 59.9 | 216.5 | 133.4 | (12.2) | (92.9) | (67.6) | 22.9 | (4.4) | (5.9) | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (100.1) | (89.0) | (38.2) | (9.7) | (2.0) |
| Total Stockholders' Equity | 2,216.1 | 1,989.6 | 1,802.7 | 1,401.5 | 1,308.5 | 1,291.7 | 1,133.0 | 955.4 | 841.0 | 787.9 | 366.5 | 382.5 | 25.1 |
| Total Liabilities & Equity | 4,584.0 | 3,831.6 | 3,416.9 | 3,028.9 | 2,600.0 | 2,624.0 | 2,462.0 | 1,945.2 | 1,654.7 | 1,464.2 | 509.0 | 608.7 | 25.2 |
| Debt Metrics | |||||||||||||
| Total Debt | 2,302.7 | 1,787.1 | 1,560.1 | 1,579.9 | 1,243.7 | 1,296.0 | 1,298.6 | 963.8 | 786.9 | 654.8 | 130.6 | 216.8 | 0 |
| Net Debt | 2,245.8 | 1,674.0 | 1,461.2 | 1,564.1 | 1,110.6 | 1,097.7 | 1,234.2 | 929.6 | 695.5 | 641.8 | 5.8 | 199.5 | (8.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | (137.3) | 31.5 | 337.5 | 102.1 | 174.2 | 227.3 | 173.6 | 76.5 | 79.0 | 68.7 | 2.1 | (2.0) |
| Depreciation & Amortization | (38.8) | 0.5 | 0.2 | 5.9 | 7.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 |
| Stock-Based Compensation | 14.8 | 0 | 0 | 13.4 | 11.9 | 11.1 | 8.6 | 11.3 | 7.2 | 7.1 | 0 | 0 |
| Change in Working Capital | 5.9 | 15.4 | (17.2) | (16.2) | 13.4 | 5.7 | 3.4 | (5.3) | 3.0 | 4.8 | 2.6 | 0.3 |
| Other Non-Cash Items | (270.3) | (165.5) | (252.2) | (529.9) | (78.2) | (25.6) | (426.6) | (5.1) | (18.1) | (26.5) | (159.5) | (16.0) |
| Operating Cash Flow | (425.8) | (118.1) | 68.3 | (424.8) | 128.6 | 207.8 | (240.7) | (249.0) | (18.4) | (138.4) | (156.2) | (17.7) |
| Investing Activities | ||||||||||||
| Capital Expenditure | (0.1) | (0.7) | (0.9) | (0.1) | (0.1) | (0.1) | (0.6) | (0.5) | (0.3) | (0.3) | (0.1) | (0.0) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0.5 | 740.9 | 662.0 | 0 | 0 |
| Purchases of Investments | (1,696.0) | (1,542.4) | 0 | 0 | 0 | (761.3) | 0 | (960.8) | (764.8) | (681.0) | 0 | 0 |
| Sales/Maturities of Investments | 120.9 | 1,005.1 | 0 | 0 | 0 | 32.8 | 0 | 19.9 | 23.9 | 19.0 | 0.5 | 0 |
| Other Investing Activities | 1,575.1 | 537.3 | 0 | 0 | 0 | 728.5 | 0 | 941.0 | 4.6 | 0.9 | (0.5) | (0.0) |
| Investing Cash Flow | (0.1) | (0.7) | (0.9) | (0.1) | (0.1) | (0.1) | (0.6) | (0.5) | 4.4 | 0.6 | (0.1) | (0.0) |
| Financing Activities | ||||||||||||
| Net Debt Issuance | 511.5 | 213.6 | (24) | 343.0 | (50.1) | (2.9) | 322.5 | 177.6 | 135.2 | 67.2 | 76 | 0 |
| Stock Repurchased | (6.5) | (3.4) | (12.7) | (4.5) | (2.8) | (1.8) | (5.1) | (5.0) | (2.7) | (7.3) | 0 | 0 |
| Dividends Paid | (326.0) | (303.5) | (273.7) | (245.1) | (175.5) | (152.4) | (132.1) | (112.7) | (100.9) | (90.5) | (0.2) | 0 |
| Other Financing Activities | 189.9 | (8.4) | 333.1 | 221.1 | (1.5) | 72.2 | (8.9) | 140.4 | 60.7 | 86.3 | 0 | 0 |
| Financing Cash Flow | 368.9 | 119.2 | 22.7 | 314.5 | (229.9) | (85.0) | 310.4 | 200.3 | 92.3 | 55.6 | 162.9 | 26.4 |
| Cash Position | ||||||||||||
| Net Change in Cash | (57.0) | 0.4 | 90.1 | (110.4) | (101.4) | 122.6 | 69.1 | (49.1) | 78.3 | (82.2) | 6.7 | 26.4 |
| Cash at Beginning | 116.4 | 116.0 | 25.9 | 136.3 | 237.6 | 115.0 | 45.9 | 95.0 | 13.0 | 95.2 | 8.7 | (17.8) |
| Cash at End | 59.5 | 116.4 | 116.0 | 25.9 | 136.3 | 237.6 | 115.0 | 45.9 | 91.3 | 13.0 | 15.4 | 8.7 |
| Free Cash Flow | (425.9) | (118.8) | 67.4 | (424.9) | 128.5 | 207.7 | (241.3) | (249.4) | (18.7) | (138.6) | (156.2) | (17.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||
| Revenue | 547.1 | 430.9 | 494.1 | 239.4 | 309.6 | 357.4 | 298.2 | 175.5 | 173.4 | 143.4 | 126.5 | 143.1 | 166.1 | 96.2 | 87.2 | 35.1 | 44.7 | 57.1 | 63.9 | 30.4 | 11.5 | 0 |
| Gross Profit | 477.3 | 353.7 | 426.5 | 184.6 | 255.1 | 297.8 | 243.6 | 136.1 | 135.6 | 111.4 | 95.7 | 115.1 | 135.8 | 76.3 | 74.0 | 26.5 | 35.4 | 43.9 | 59.5 | 24.6 | 9.7 | 0 |
| Operating Income | 365.2 | 263.0 | 337.5 | 102.1 | 174.2 | 227.3 | 173.6 | 76.5 | 79.0 | 68.7 | 42.9 | 71.2 | 99.4 | 46.8 | 46.9 | 5.0 | 13.6 | 21.0 | 42.4 | 11.4 | 2.1 | (2.0) |
| Net Income | 339.7 | 263.0 | 337.5 | 102.1 | 174.2 | 227.3 | 173.6 | 76.5 | 79.0 | 68.7 | 42.9 | 71.2 | 99.4 | 46.8 | 46.9 | 5.0 | 13.6 | 21.0 | 42.4 | 11.4 | 2.1 | (2.0) |
| EPS (Diluted) | 1.85 | 1.61 | 2.31 | 0.79 | 1.49 | 2.01 | 1.71 | 0.83 | 0.95 | 0.91 | 0.59 | 1.10 | 1.63 | 0.93 | 1.07 | 0.12 | 0.37 | 0.64 | 1.49 | 0.84 | 0.30 | -1.72 |
| Balance Sheet | ||||||||||||||||||||||
| Cash & Equivalents | 56.9 | 113.1 | 98.9 | 15.8 | 133.1 | 198.3 | 64.4 | 34.2 | 91.3 | 13.0 | 124.8 | 17.2 | 8.7 | |||||||||
| Total Assets | 4,584.0 | 3,831.6 | 3,416.9 | 3,028.9 | 2,600.0 | 2,624.0 | 2,462.0 | 1,945.2 | 1,654.7 | 1,464.2 | 509.0 | 608.7 | 25.2 | |||||||||
| Total Debt | 2,302.7 | 1,787.1 | 1,560.1 | 1,579.9 | 1,243.7 | 1,296.0 | 1,298.6 | 963.8 | 786.9 | 654.8 | 130.6 | 216.8 | 0 | |||||||||
| Stockholders' Equity | 2,216.1 | 1,989.6 | 1,802.7 | 1,401.5 | 1,308.5 | 1,291.7 | 1,133.0 | 955.4 | 841.0 | 787.9 | 366.5 | 382.5 | 25.1 | |||||||||
| Cash Flow | ||||||||||||||||||||||
| Operating Cash Flow | (425.8) | (118.1) | 68.3 | (424.8) | 128.6 | 207.8 | (240.7) | (249.0) | (18.4) | (138.4) | (156.2) | (17.7) | ||||||||||
| Capital Expenditure | (0.1) | (0.7) | (0.9) | (0.1) | (0.1) | (0.1) | (0.6) | (0.5) | (0.3) | (0.3) | (0.1) | (0.0) | ||||||||||
| Free Cash Flow | (425.9) | (118.8) | 67.4 | (424.9) | 128.5 | 207.7 | (241.3) | (249.4) | (18.7) | (138.6) | (156.2) | (17.8) | ||||||||||