Hercules Capital (HTGC) Stock
What Hercules Capital's price implies, from its SEC filings.
Key numbers
- P/E (trailing)
- 8.60x
- P/E (forward)
- 8.39x
- Revenue growth
- +9.9%
- Dividend yield
- 11.1%
- Debt / equity
- 1.10x
What Hercules Capital's price implies
Hercules Capital's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.
Revenue and free cash flow
Fiscal years, from Hercules Capital's 10-K filings.
Hercules Capital revenue and free cash flow
FY2020–FY2025Results from SEC filings
All three statements · Quarters, TTM and 20+ years of statements in Investingly
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $281M | $322M | $461M | $494M | $532M |
| Net income | $174M | $102M | $337M | $263M | $340M |
| Free cash flow | $129M | -$425M | $67M | -$119M | -$426M |
| EPS (diluted) | $1.49 | $0.79 | $2.31 | $1.61 | $1.85 |
| Operating margin | — | — | — | — | — |
Superinvestors who own HTGC
From each investor's latest 13F filing (what a 13F shows). All 5 holders
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Two Sigma Two Sigma Investments | Trimmed | $36M | 0.03% | Q2 2026 |
| David Shaw D. E. Shaw & Co. | Trimmed | $22M | 0.01% | Q2 2026 |
| Alan Howard Brevan Howard | Trimmed | $991,949 | 0.02% | Q2 2026 |
| David Vogel Voloridge Investment Management | Trimmed | $345,063 | 0.00% | Q2 2026 |
| Fred DiSanto Ancora Holdings | Trimmed | $19,712 | 0.0% | Q2 2026 |
Hercules Capital insider buying
Open-market purchases by executives and directors in the last 12 months, from SEC Form 4 filings (what insider buying tells you). Every purchase
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 4, 2026 | K Randhawa Paramjeet | 3,050 | $14.78 | $45,079 |
| Feb 27, 2026 | Bluestein Scott | 7,000 | $14.35 | $100,450 |
| Feb 27, 2026 | H Meyer Seth | 7,000 | $14.33 | $100,310 |
| Feb 27, 2026 | J Fallon Thomas | 20,000 | $14.20 | $284,000 |
| Feb 27, 2026 | P Badavas Robert | 5,000 | $14.27 | $71,350 |
| Feb 27, 2026 | Zaza Botelho Kiersten | 1,300 | $14.21 | $18,473 |
| Feb 27, 2026 | Theodosopoulos Nikos | 2,600 | $14.21 | $36,946 |
| Feb 25, 2026 | Loo Wade | 3,300 | $14.98 | $49,434 |
| Feb 24, 2026 | P Badavas Robert | 5,000 | $15.01 | $75,050 |
| Feb 24, 2026 | Bluestein Scott | 30,000 | $15.08 | $452,400 |
Fundamental grade
Five factors scored 1 to 9 from HTGC's latest numbers. It describes the business, not whether the stock is a buy.
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How Hercules Capital compares
Hercules Capital's P/E is higher than 15% of Financial Services companies and 12% of the 2,508 companies with a P/E figure.
| Higher than | Financial Services | All stocks |
|---|---|---|
| P/E | 15% | 12% |
| Revenue growth | 47% | 54% |
| ROE | 73% | 73% |
| Dividend yield | 92% | 95% |
Questions about Hercules Capital
Are Hercules Capital insiders buying the stock?
10 open-market insider purchases of HTGC in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Hercules Capital?
5 of the superinvestors Investingly tracks hold HTGC in their latest 13F, including Two Sigma, David Shaw, Alan Howard.
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