Hercules Capital, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Operating expenses | $206.0M | $178.5M | $165.7M | $141.9M | $136.0M |
| Cash from operations | -$425.8M | -$118.1M | $68.3M | -$424.8M | $128.6M |
| Capital expenditure | $89,000 | $705,000 | $887,000 | $114,000 | $106,000 |
| Free cash flow | -$425.9M | -$118.8M | $67.4M | -$424.9M | $128.5M |
| Share repurchases | $6.5M | $3.4M | $12.7M | $4.5M | $2.8M |
| Total assets | $4.6B | $3.8B | $3.4B | $3.0B | $2.6B |
| Total liabilities | $2.4B | $1.8B | $1.6B | $1.6B | $1.3B |
| Total debt | $2.3B | $1.8B | $1.6B | $1.6B | $1.3B |
Shares outstanding 187.1M · Free float 92.8%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.