Latest Financial Results

Q1 2026 Quarterly Results

Quarter Ended Mar 31, 2026

Earnings Release
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10-Q Filing
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For complete information regarding our financials, see our periodic filings

$88.1M

Net Investment Income

$141.5M

Total Investment Income

$1.81B

Total Gross New Debt and Equity Commitments

$706.4M

Total Gross Fundings

8.1%

Return on Average Assets

16.9%

Return on Average Equity

$0.94

YTD Distributions

$0.47

Q1 2026 Distributions

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Latest Financial Results

Q1 2026

Quarter Ended Mar 31, 2026

$88.1M

Net Investment Income

$141.5M

Total Investment Income

$1.81B

Total Gross New Debt and Equity Commitments

$706.4M

Total Gross Fundings

8.1%

Return on Average Assets

16.9%

Return on Average Equity

$0.94

YTD Distributions

$0.47

Q1 2026 Distributions

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2025

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Stock Information

Hercules Capital at a Glance

$4.83B

Total Assets

$4.56B

Debt Investment Portfolio

113

Portfolio Company Warrant Holdings

$454.5M

Liquidity & Balance Sheet

As of As of March 31, 2026  • Source: Hercules Capital 10-Q Q1 2026

For complete information regarding our financials, see our periodic filings.

Pursuing Sustainable & Responsible Investments

At Hercules Capital, we believe in strengthening our people and communities, that is why we have developed an environmental, social, and governance (ESG) policy.

Our Commitment to ESG

Delivering Strong, Sustainable Shareholder Returns

Return on Average Assets (ROAA) %

As of March 31, 2026 • Q1 2026 Investor Presentation

Source: HTGC and S&P Capital IQ as of 3/31/26 for HTGC and 12/31/25 for Peer Group. Return on Average Assets based on NII divided by average total assets. 2022 through 2025 represents Q4 ending ROAA.

1Peer Group: MFIC, ARCC, OCSL, FSK, GBDC, GSBD, MAIN, NMFC, OBDC, PNNT, PSEC, SLRC, BBDC, TCPC, CCAP, TSLX

Return on Average Equity (ROAE) %

As of March 31, 2026 • Q1 2026 Investor Presentation

Source: HTGC and S&P Capital IQ as of 3/31/26 for HTGC and 12/31/25 for Peer Group. Return on Average Equity based on NII. NII divided by average of beginning of period equity and end of period equity. 2022 through 2025 represents Q4 ending ROAE.

1Peer Group: MFIC, ARCC, OCSL, FSK, GBDC, GSBD, MAIN, NMFC, OBDC, PNNT, PSEC, SLRC, BBDC, TCPC, CCAP, TSLX

Hercules Key Performance Highlights

Total Investment Income

As of March 31, 2026 • Q1 2026 Investor Presentation

IN MILLIONS

Net Investment Income

As of March 31, 2026 • Q1 2026 Investor Presentation

IN MILLIONS

Total Investments At Cost

As of March 31, 2026 • Q1 2026 Investor Presentation

IN MILLIONS

Total Assets

As of March 31, 2026 • Q1 2026 Investor Presentation

IN MILLIONS

IR Contacts

Corporate Office

Hercules Capital, Inc.
1 North B Street
Suite 2000
San Mateo, CA 94401

Investor Relations

Hercules Capital, Inc.
Michael Hara
T: 650-433-5578
mhara@htgc.com

Transfer Agent

Computershare
P.O. Box 43006
Providence, RI 02940-3006
T: 800-736-3001
web.queries@computershare.com
https://www.computershare.com/