Hercules Capital (HTGC) quarterly income statement covering the six quarters from March 2025 to June 2026, as reported to the SEC.
An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.
| Jun'26 | Mar'26 | Dec'25 | Sep'25 | Jun'25 | Mar'25 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investment income: | |||||||||||||||||||||
Total interest and dividend income, excluding PIK interest income | |||||||||||||||||||||
125,700 | 123,489 | 117,247 | 116,682 | 115,936 | 102,099 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest and dividend income, excluding PIK interest income | 125,700 | 123,489 | 117,247 | 116,682 | 115,936 | 102,099 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total PIK interest income | |||||||||||||||||||||
12,342 | 12,914 | 14,340 | 14,475 | 13,635 | 13,473 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total PIK interest income | 12,342 | 12,914 | 14,340 | 14,475 | 13,635 | 13,473 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest and dividend income | |||||||||||||||||||||
138,042 | 136,403 | 131,587 | 131,157 | 129,571 | 115,572 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest and dividend income | 138,042 | 136,403 | 131,587 | 131,157 | 129,571 | 115,572 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total fee income | |||||||||||||||||||||
11,072 | 5,133 | 5,843 | 6,936 | 7,888 | 3,939 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total fee income | 11,072 | 5,133 | 5,843 | 6,936 | 7,888 | 3,939 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total investment income | |||||||||||||||||||||
149,114 | 141,536 | 137,430 | 138,093 | 137,459 | 119,511 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total investment income | 149,114 | 141,536 | 137,430 | 138,093 | 137,459 | 119,511 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Operating expenses: | |||||||||||||||||||||
Interest | |||||||||||||||||||||
28,130 | 28,146 | 25,359 | 24,189 | 22,930 | 19,698 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest | 28,130 | 28,146 | 25,359 | 24,189 | 22,930 | 19,698 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Loan fees | |||||||||||||||||||||
3,006 | 2,677 | 2,860 | 3,004 | 2,747 | 2,398 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Loan fees | 3,006 | 2,677 | 2,860 | 3,004 | 2,747 | 2,398 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
General and administrative | |||||||||||||||||||||
4,871 | 4,802 | 4,637 | 4,477 | 5,103 | 4,812 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
General and administrative | 4,871 | 4,802 | 4,637 | 4,477 | 5,103 | 4,812 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Tax expenses | |||||||||||||||||||||
2,790 | 990 | 2,122 | 1,703 | 1,068 | 912 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Tax expenses | 2,790 | 990 | 2,122 | 1,703 | 1,068 | 912 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Employee compensation: | |||||||||||||||||||||
Compensation and benefits | |||||||||||||||||||||
18,366 | 17,291 | 16,231 | 16,540 | 16,664 | 13,914 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Compensation and benefits | 18,366 | 17,291 | 16,231 | 16,540 | 16,664 | 13,914 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Stock-based compensation | |||||||||||||||||||||
3,937 | 4,149 | 3,694 | 3,691 | 3,662 | 3,602 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Stock-based compensation | 3,937 | 4,149 | 3,694 | 3,691 | 3,662 | 3,602 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total employee compensation | |||||||||||||||||||||
22,303 | 21,440 | 19,925 | 20,231 | 20,326 | 17,516 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total employee compensation | 22,303 | 21,440 | 19,925 | 20,231 | 20,326 | 17,516 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total gross operating expenses | |||||||||||||||||||||
61,100 | 58,055 | 54,903 | 53,604 | 52,174 | 45,336 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total gross operating expenses | 61,100 | 58,055 | 54,903 | 53,604 | 52,174 | 45,336 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Expenses allocated to the Adviser Subsidiary | |||||||||||||||||||||
4,901 | 4,629 | 4,449 | 4,063 | 3,449 | 3,283 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Expenses allocated to the Adviser Subsidiary | 4,901 | 4,629 | 4,449 | 4,063 | 3,449 | 3,283 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total net operating expenses | |||||||||||||||||||||
56,199 | 53,426 | 50,454 | 49,541 | 48,725 | 42,053 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total net operating expenses | 56,199 | 53,426 | 50,454 | 49,541 | 48,725 | 42,053 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net investment income | |||||||||||||||||||||
92,915 | 88,110 | 86,976 | 88,552 | 88,734 | 77,458 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net investment income | 92,915 | 88,110 | 86,976 | 88,552 | 88,734 | 77,458 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net realized gain (loss) and net change in unrealized appreciation (depreciation): | |||||||||||||||||||||
Net realized gain (loss): | |||||||||||||||||||||
Loss on extinguishment of debt | |||||||||||||||||||||
-2 | - | -64 | -84 | -21 | -15 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Loss on extinguishment of debt | -2 | - | -64 | -84 | -21 | -15 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total net realized gain (loss) | |||||||||||||||||||||
7,700 | -603 | 20,254 | -1,856 | -57,637 | -1,556 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total net realized gain (loss) | 7,700 | -603 | 20,254 | -1,856 | -57,637 | -1,556 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in unrealized appreciation (depreciation): | |||||||||||||||||||||
Total net change in unrealized appreciation (depreciation) | |||||||||||||||||||||
29,566 | -45,005 | -16,402 | 32,989 | 47,790 | -25,565 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total net change in unrealized appreciation (depreciation) | 29,566 | -45,005 | -16,402 | 32,989 | 47,790 | -25,565 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total net realized gain (loss) and net change in unrealized appreciation (depreciation) | |||||||||||||||||||||
37,266 | -45,608 | 3,852 | 31,133 | -9,847 | -27,121 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total net realized gain (loss) and net change in unrealized appreciation (depreciation) | 37,266 | -45,608 | 3,852 | 31,133 | -9,847 | -27,121 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net increase (decrease) in net assets resulting from operations | |||||||||||||||||||||
130,181 | 42,502 | 90,828 | 119,685 | 78,887 | 50,337 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net increase (decrease) in net assets resulting from operations | 130,181 | 42,502 | 90,828 | 119,685 | 78,887 | 50,337 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net investment income before gains and losses per common share: | |||||||||||||||||||||
Basic (in dollars per share) | |||||||||||||||||||||
0.50 | 0.48 | 0.47 | 0.49 | 0.50 | 0.45 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in dollars per share) | 0.50 | 0.48 | 0.47 | 0.49 | 0.50 | 0.45 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in net assets resulting from operations per common share: | |||||||||||||||||||||
Basic (in dollars per share) | |||||||||||||||||||||
0.70 | 0.23 | 0.51 | 0.66 | 0.44 | 0.29 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in dollars per share) | 0.70 | 0.23 | 0.51 | 0.66 | 0.44 | 0.29 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted (in dollars per share) | |||||||||||||||||||||
0.67 | 0.23 | 0.50 | 0.63 | 0.43 | 0.29 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted (in dollars per share) | 0.67 | 0.23 | 0.50 | 0.63 | 0.43 | 0.29 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Weighted average shares outstanding: | |||||||||||||||||||||
Basic (in shares) | |||||||||||||||||||||
185,517 | 182,760 | 180,905 | 180,360 | 176,809 | 171,494 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in shares) | 185,517 | 182,760 | 180,905 | 180,360 | 176,809 | 171,494 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted (in shares) | |||||||||||||||||||||
199,577 | 196,821 | 194,926 | 194,358 | 190,777 | 175,383 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted (in shares) | 199,577 | 196,821 | 194,926 | 194,358 | 190,777 | 175,383 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Distributions paid per common share: | |||||||||||||||||||||
Basic (in dollars per share) | |||||||||||||||||||||
0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in dollars per share) | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-control/Non-affiliate investments | |||||||||||||||||||||
Total interest and dividend income, excluding PIK interest income | |||||||||||||||||||||
122,236 | 120,090 | 114,413 | 113,854 | 113,120 | 98,996 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest and dividend income, excluding PIK interest income | 122,236 | 120,090 | 114,413 | 113,854 | 113,120 | 98,996 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total PIK interest income | |||||||||||||||||||||
12,342 | 12,914 | 13,759 | 13,906 | 13,083 | 12,939 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total PIK interest income | 12,342 | 12,914 | 13,759 | 13,906 | 13,083 | 12,939 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest and dividend income | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest and dividend income | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total fee income | |||||||||||||||||||||
11,041 | 5,098 | 5,798 | 6,892 | 7,847 | 3,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total fee income | 11,041 | 5,098 | 5,798 | 6,892 | 7,847 | 3,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-control/Non-affiliate investments | |||||||||||||||||||||
7,702 | -603 | 20,318 | -1,772 | -57,616 | -1,541 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Non-control/Non-affiliate investments | 7,702 | -603 | 20,318 | -1,772 | -57,616 | -1,541 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total net change in unrealized appreciation (depreciation) | |||||||||||||||||||||
30,013 | -43,466 | -19,181 | 35,530 | 48,626 | -27,542 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total net change in unrealized appreciation (depreciation) | 30,013 | -43,466 | -19,181 | 35,530 | 48,626 | -27,542 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Control investments | |||||||||||||||||||||
Total interest and dividend income, excluding PIK interest income | |||||||||||||||||||||
3,464 | 3,399 | 2,834 | 2,828 | 2,816 | 3,103 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest and dividend income, excluding PIK interest income | 3,464 | 3,399 | 2,834 | 2,828 | 2,816 | 3,103 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total PIK interest income | |||||||||||||||||||||
- | - | 581 | 569 | 552 | 534 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total PIK interest income | - | - | 581 | 569 | 552 | 534 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest and dividend income | |||||||||||||||||||||
3,464 | 3,399 | 3,415 | 3,397 | 3,368 | 3,637 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest and dividend income | 3,464 | 3,399 | 3,415 | 3,397 | 3,368 | 3,637 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total fee income | |||||||||||||||||||||
31 | 35 | 45 | 44 | 41 | 39 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total fee income | 31 | 35 | 45 | 44 | 41 | 39 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total investment income | |||||||||||||||||||||
3,495 | 3,434 | 3,460 | 3,441 | 3,409 | 3,676 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total investment income | 3,495 | 3,434 | 3,460 | 3,441 | 3,409 | 3,676 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-control/Non-affiliate investments | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Non-control/Non-affiliate investments | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total net change in unrealized appreciation (depreciation) | |||||||||||||||||||||
-447 | -1,539 | 2,779 | -2,541 | -836 | 1,977 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total net change in unrealized appreciation (depreciation) | -447 | -1,539 | 2,779 | -2,541 | -836 | 1,977 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||