The financials
Hercules Capital, Inc. by the numbers
Hercules Capital, Inc. (HTGC) reported revenue of $136M in Q1 2026 (quarter ended March 31, 2026), up 18% from the same quarter a year earlier. That came with net income of $43M (31% of revenue). For the full year FY2025, revenue was $508M (+8.7% year on year) and net income $340M.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $136M | $116M | +18% |
| Operating income | $78M | $70M | +12% |
| Net income | $43M | $50M | −16% |
| Diluted EPS | $0.23 | $0.29 | −21% |