Hercules Capital, Inc. (HCXY)
In fiscal 2025 capital spending exceeded operating cash flow by $425.9M. At September 30, 2026 it held $48.3M in cash against $2.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Hercules Capital, Inc.
- Net worth
- Hercules Capital, Inc. has a market value (market cap) of $4.4B at the latest share price, and shareholders' equity of $2.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations used $425.8M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Hercules Capital, Inc.'s next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Hercules Capital, Inc. does
Its shares trade on NYSE under the ticker HCXY.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $339.7M | $1.85 | -$425.9M |
| 2024 | n/a | $263M | $1.61 | -$118.8M |
| 2023 | n/a | $337.5M | $2.31 | $67.4M |
| 2022 | n/a | $102.1M | $0.79 | -$424.9M |
| 2022 | n/a | $174.2M | $1.49 | $128.5M |
| 2020 | n/a | $227.3M | $2.01 | $207.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
It paid out $326M in cash dividends, 96% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $326M | 96% |
| 2024 | n/a | $303.5M | 115% |
| 2023 | n/a | $273.7M | 81% |
| 2022 | n/a | $245.1M | 240% |
| 2022 | n/a | $175.5M | 101% |
| 2020 | n/a | $152.4M | 67% |
Latest SEC filings
What Hercules Capital, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 29, 2026
- October 29, 2026
- October 8, 2026Material agreement8-KHercules Capital closed a public offering of $400,000,000 in aggregate principal amount of 6.700% Notes due 2029.
- October 5, 2026Form 497AD filing 497AD
- September 17, 2026Executive or director change8-KHercules Capital expanded its Board of Directors to eight members and appointed Alfred B. Fichera as an independent director.
- July 30, 2026
- July 30, 2026
- July 24, 2026
- July 21, 2026Form 497AD filing 497AD
- July 21, 2026
Insider trades
What the people running Hercules Capital, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 10 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 9, 2026 | Bluestein ScottChief Executive Officer, Director | Shares withheld for tax | 9,741 | $160.8K |
| October 9, 2026 | Bluestein ScottChief Executive Officer, Director | Shares withheld for tax | 10,652 | $175.9K |
| October 9, 2026 | Meyer Seth HPresident | Shares withheld for tax | 3,011 | $49.7K |
| October 9, 2026 | Meyer Seth HPresident | Shares withheld for tax | 3,458 | $57.1K |
| October 9, 2026 | Botelho Kiersten ZazaChief Legal Officer & CCO | Shares withheld for tax | 1,018 | $16.8K |
| October 9, 2026 | Botelho Kiersten ZazaChief Legal Officer & CCO | Shares withheld for tax | 956 | $15.8K |
| October 9, 2026 | Follmann ChristianChief Operating Officer | Shares withheld for tax | 1,365 | $22.5K |
| October 9, 2026 | Follmann ChristianChief Operating Officer | Shares withheld for tax | 1,433 | $23.7K |
Who owns HCXY
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
12 insiders reported holding 3,612,657 shares in total, about $87.2M at the last price.
| Holder | Shares |
|---|---|
| Bluestein ScottChief Executive Officer, Director | 2,455,200 |
| Meyer Seth HPresident | 429,131 |
| Fallon Thomas JDirector | 157,669157,669 held indirectly |
| Follmann ChristianChief Operating Officer | 141,741 |
| Badavas Robert PDirector | 131,016122,073 held indirectly |
| Crowell Gayle ADirector | 97,589 |
| Botelho Kiersten ZazaChief Legal Officer & CCO | 87,414 |
| Loo WadeDirector | 46,81732,767 held indirectly |
| Theodosopoulos NikosDirector | 29,362 |
| Randhawa Paramjeet KDirector | 22,486 |
Questions about HCXY
What does Hercules Capital, Inc. do?
Hercules Capital, Inc. is a company in the Finance sector, listed on NYSE as HCXY. Its shares trade on NYSE under the ticker HCXY.
What is Hercules Capital, Inc.'s net worth?
Hercules Capital, Inc. has a market value (market cap) of $4.4B at the latest share price, and shareholders' equity of $2.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Hercules Capital, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $357.1M.
When did Hercules Capital, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026.
When is Hercules Capital, Inc.'s next earnings report?
Hercules Capital, Inc.'s next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Hercules Capital, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.