Hercules Capital, Inc.
Company Stats
- Market Cap
- $3.1B
- as of Sep 30, 2026
- Enterprise Value
- $5.4B
- Shares Outstanding
- 187.2M
- Free Float
- 93.0%
Income Statement
- Net Income
- $339.7M
Cash Flow
- Free Cash Flow
- -$425.9M
- FCF Yield
- -13.5%
- Owner FCF Yield
- -14.0%
Balance Sheet
- Cash & Equivalents
- $56.9M
- Total Debt
- $2.3B
- Net Debt
- $2.3B
Returns & Capital
- Dividends Paid
- $326.0M
- Dividend Yield
- 10.4%
- Dividend Payout, 3Y Avg
- 97.5%
- Share Repurchases
- $6.5M
- Buyback Yield, 3Y Avg
- 0.2%
- SBC, 3Y Avg
- $13.1M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | — | -$425.9M | — |
| FY2024 | — | -$118.8M | — |
| FY2023 | — | $67.4M | — |
| FY2022 | — | -$424.9M | — |
| FY2021 | — | $128.5M | — |
Annual filing data through FY ended December 31, 2025; shares and float as of October 10, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges