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Hercules Capital, Inc.

Company price
16.16 USD -0.21 ( 1.28%)
Last update at 2026-11-06T21:11:00Z
VOLUME
2204410
Market Cap
2427.29M
P/E
8.03

Momentum Score

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Hercules Capital, Inc. is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market 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, energy technol

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Day Price Range
16.04
Low
16.37
High
52 Week Price Range
10.11
Low
17.19
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
16.37
Dividend Yield
11.96%
Revenue TTM
438.25M
Revenue Per Share
3.16
Gross Profit TTM
321.69M
Debt / Equity
1.13
ROE
18.57%
Net Debt
1564.06M
ROCE
9.03%
Diluted EPS TTM
2.00

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 102.08M 174.16M 227.26M 173.60M 76.50M
Net income 156.83M 174.16M 227.26M 173.60M 76.50M
Selling general administrative 16.95M 16.11M 18.91M 19.18M 15.49M
Gross profit 140.79M 218.16M 268.78M 212.61M 111.02M
Reconciled depreciation 0.20M 0.32M 0.41M 0.26M 0.20M
Ebit 272.93M 174.16M 227.26M 173.60M 115.93M
Ebitda 273.13M 174.47M 227.68M 173.86M 116.13M
Depreciation and amortization 0.20M 0.32M 0.41M 0.26M 0.20M
Non operating income net other -85.06M - - - -
Operating income 272.93M 174.16M 227.26M 173.60M 115.93M
Other operating expenses 141.94M 80.98M 70.51M 70.01M 59.59M
Interest expense 54.75M 54.45M 59.60M 54.60M 39.44M
Interest income 307.26M 253.36M 263.38M 247.51M 190.64M
Net interest income 252.51M 198.91M 196.50M 192.92M 151.20M
Income tax expense -54.75M 54.45M 59.60M 54.60M 0.00M
Total revenue 184.64M 255.13M 297.77M 243.60M 136.09M
Total operating expenses 82.56M 80.98M 70.51M 70.01M 59.59M
Cost of revenue 43.85M 36.97M 29.00M 30.99M 25.06M
Total other income expense net -170.85M -54.45M -59.60M -54.60M -39.44M
Net income from continuing ops 102.08M 174.16M 227.26M 173.60M 76.50M
Net income applicable to common shares 102.08M 174.16M 225.65M 173.24M 75.92M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 3028.86M 2600.01M 2624.00M 2461.97M 1945.19M
Other current assets 10.95M 3.15M 39.40M 50.60M 12.62M
Total liab 1627.40M 1291.47M 1332.29M 1328.92M 989.75M
Total stockholder equity 1401.46M 1308.55M 1291.70M 1133.05M 955.44M
Deferred long term liab - 2.16M 2.68M - 0.27M
Other current liab -47.54M -47.78M -36.34M -134.22M -78.92M
Common stock 0.13M 0.12M 0.12M 0.11M 0.10M
Capital stock 0.13M 0.12M 0.12M 0.11M 0.10M
Retained earnings 59.91M 216.52M 133.39M -12.16M -92.86M
Other assets 88.89M 8.25M 43.28M 51.18M 13.65M
Cash 15.80M 133.12M 198.28M 64.39M 34.21M
Total current liabilities 5.51M 47.78M 36.34M 134.22M 78.92M
Current deferred revenue - 40.40M -201.15M - -
Net debt 1564.06M 1110.57M 1097.67M 1234.22M 929.57M
Short term debt 5.51M 7.38M 237.49M 103.92M 52.96M
Short long term debt - - - 103.92M 52.96M
Short long term debt total 1579.86M 1243.68M 1295.95M 1298.61M 963.79M
Other stockholder equity 1341.42M 1091.91M 1158.20M 1145.11M 1048.21M
Property plant equipment 4.99M 6.76M 9.28M 11.66M -
Total current assets 2934.98M 150.48M 217.36M 84.60M 51.17M
Long term investments 2963.95M 2434.52M 2354.08M 2314.53M 1880.37M
Net tangible assets 1401.46M 1308.55M 1291.70M 1133.05M 955.44M
Short term investments 2887.50M 2351.56M - - -
Net receivables 31.68M 17.36M 19.08M 20.21M 16.96M
Long term debt 1574.35M - - 1183.16M 910.83M
Accounts payable 47.54M 47.78M 36.34M 30.31M 25.96M
Common stock total equity 0.13M - 0.12M 0.11M 0.10M
Treasury stock - - - - -4.06M
Non currrent assets other -2963.95M -2441.28M -2363.36M -2326.18M -1880.37M
Non current assets total 4.99M 2441.28M 2363.36M 2326.18M 1880.37M
Capital lease obligations - - - 11.54M -
Long term debt total 1574.35M - - 1287.08M 963.79M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -0.11M -0.11M -0.14M -0.59M -0.47M
Change to liabilities 0.00M 0.00M -0.02M -0.20M 0.01M
Total cashflows from investing activities -0.11M -0.11M -0.14M -0.59M -0.47M
Net borrowings 343.04M -50.07M -2.93M 322.45M 177.60M
Total cash from financing activities 314.52M -229.87M -85.04M 310.40M 200.31M
Change to operating activities -2.01M 11.68M 4.63M 6.87M -0.66M
Net income 102.08M 174.16M 227.26M 173.60M 76.50M
Change in cash -110.39M -101.36M 122.63M 69.14M -49.14M
Begin period cash flow 136.26M 237.62M 115.00M 45.86M 95.00M
End period cash flow 25.88M 136.26M 237.62M 115.00M 45.86M
Total cash from operating activities -424.80M 128.62M 207.80M -240.66M -248.97M
Issuance of capital stock 232.09M 10.83M 77.18M 132.54M 144.39M
Depreciation 0.20M 0.32M 0.41M 0.26M 0.20M
Dividends paid -245.12M -175.50M -152.42M -132.05M 112.72M
Change to account receivables -14.21M 1.71M 1.13M -3.25M -4.70M
Sale purchase of stock -4.53M -2.82M -1.84M -5.12M -4.96M
Other cashflows from financing activities 1263.29M 1724.66M 819.45M 1034.81M 664.59M
Change to netincome 10.83M -66.28M -31.44M -424.51M -327.10M
Capital expenditures 0.11M 0.11M 0.14M 0.59M 0.47M
Cash and cash equivalents changes 240.49M - - - -
Change in working capital -16.23M 13.39M 5.74M 3.42M -5.34M
Stock based compensation 10.83M 10.38M 8.47M 8.64M 11.27M
Other non cash items -521.69M -59.25M -25.62M -1.64M -5.10M
Free cash flow -424.91M 128.51M 207.66M -241.26M -249.44M

Peer Comparison*

Sector: Financial Services Industry: Asset Management

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
HTGC
Hercules Capital, Inc.
-0.21
1.28%
16.16 8.03 7.72 5.54 1.47
BLK
BlackRock Inc
-
-%
1178.87 26.25 19.57 6.33 2.90
BX
Blackstone Group Inc
-0.32
0.27%
119.50 33.20 20.12 11.05 11.56
IVSBF
Investor AB ser. B
-1.77
4.00%
42.50 4.67 3.83 3.78 1.13
KKR
KKR & Co. Inc.
-1.82
1.85%
96.48 32.68 13.66 3.58 3.22

Profile*

Hercules Capital, Inc.

Hercules Capital, Inc. is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market 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, energy technol

400 Hamilton Avenue, Palo Alto, CA, United States, 94301

650 289 3060

100

Name Title Year Born
Mr. Scott Bluestein CEO, Chief Investment Officer, Pres & Director 1978
Mr. Seth Hardy Meyer CFO & Chief Accounting Officer 1969
Mr. Christian Follmann Chief Operating Officer 1983
Mr. Steve Kuo Sr. MD & Group Head of Technology 1975
Mr. Michael W. Hara Managing Director of Investor Relations & Corp. Communications NA
Ms. Kiersten Zaza Botelho Gen. Counsel & Chief Compliance Officer 1986
Ms. Kate Kinlin VP of HR NA
Mr. Roy Y. Liu Managing Director 1961
Mr. R. Bryan Jadot Sr. MD & Group Head of Life Sciences 1964
Mr. Michael Bowden Managing Director of Portfolio Management NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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