Hercules Capital

Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company's existing capital structure and map to its business objectives. Recognized as the industry leader, Hercules understands the flexibility these types of companies need and has the experience to work closely with them, even through challenging times, to help them reach critical milestones. Hercules' deep sector expertise, geographic presence and its strong capital base have made Hercules the lender of choice for more than 480 innovative companies.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hercules Capital achieves record performance in 2022, eyes growth opportunities

Hercules Capital's 2022 performance was exceptional, marked by record results and strong credit quality. The company's focus for 2023 includes maintaining a strong balance sheet, disciplined underwriting, and strategic investments. Anticipate increased VC investment activity and an uptick in M&A transactions in the coming year.

Hercules Capital excels in Q1 2023, eyes strategic partnerships

Hercules Capital's Q1 2023 showcased resilience and growth, with strong financial metrics and strategic initiatives. Despite market challenges, the company maintained credit quality and liquidity while exploring opportunities for expansion and partnership enhancement.

Hercules Capital (HTGC) reports record Q2 results and eyes market growth opportunities

Hercules Capital delivered strong Q2 results with record investment income and robust credit quality, showcasing expertise in deal selection and industry diversification.
While facing challenges in meeting earnings expectations and providing detailed diversification insights, the company's strong liquidity and market positioning offer opportunities for future growth and strategic investments.
Overall, Hercules Capital's performance highlights resilience in a dynamic market environment, emphasizing its potential for sustained growth and value creation for investors.

Hercules Capital (HTGC) reports record Q3 earnings and strategic growth

Hercules Capital (HTGC) delivered exceptional financial results in Q3 2023, marked by record earnings and prudent portfolio management.
The company's strategic focus on credit quality, portfolio diversification, and liquidity positions it well for future growth and investment opportunities.
Despite challenges such as asset valuation fluctuations, Hercules Capital remains resilient and poised to capitalize on market dynamics for sustained success.

Hercules Capital reports record Q4 performance and eyes growth opportunities

Hercules Capital (HTGC) delivered strong financial performance in Q4 2023, emphasizing quality, diversification, and growth in key sectors like life sciences.
While challenges exist in managing expenses and optimizing capital efficiency, the company's conservative approach and liquidity position provide a solid foundation for future success.
Opportunities lie in expanding the venture and growth stage asset class, driving platform growth, and engaging with investors at upcoming conferences.

Hercules Capital excels in Q1 2024, poised for strategic growth

Hercules Capital delivered exceptional performance in Q1 2024, with record origination and funding, strong investment income, improved credit quality, and robust liquidity, positioning the company for continued success.
The company's strengths lie in its solid balance sheet, under-levered position, focus on quality growth, and favorable standing with rating agencies, providing a strong foundation for future growth.
Challenges include managing leverage increase, debt refinancing, maintaining credit quality standards, and navigating market uncertainties, requiring strategic planning and risk management.
Opportunities for Hercules include leveraging its milestone anniversary, expanding investor base through conferences, exploring new investments, and driving sustainable growth through prudent strategies.

Hercules Capital posts record Q2 results amidst market volatility

Hercules Capital delivered a strong performance in Q2 2024, marked by record fundings and asset growth, despite anticipating increased market volatility ahead.
The company's focus on credit quality, liquidity, and diversification through SBIC licenses strengthens their resilience and growth prospects.
While facing challenges such as market volatility and prepayment expectations, Hercules Capital remains well-positioned to leverage opportunities and navigate uncertainties.

Hercules Capital (HTGC) reports record Q3 earnings amidst market challenges

Hercules Capital (HTGC) reported strong financial performance in Q3 with record total investment income and NII, despite challenges in the venture capital ecosystem.
Maintaining a defensive balance sheet approach and strong liquidity, Hercules is well-positioned to navigate market uncertainties and capitalize on growth opportunities.
While facing challenges from market slowdowns, Hercules' prudent underwriting and commitment to shareholder returns showcase resilience and long-term stability.
With opportunities arising from increased funding activity post-Fed rate action and pending commitments, Hercules is poised for potential growth in Q4 and beyond.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Hercules Capital, Inc. is a specialty finance company, which focuses on providing senior secured loans to high-growth, innovative venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. The company was founded by Manuel A. Henriquez in December 2003 and is headquartered in Palo Alto, CA.

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) today announced the completed issuance of a private offering in aggregate principal amount of $50.0 million 4.55% Notes due March 2026 (the “March B Notes”). On November 4, 2020, the Company completed the initial issuance of $50.0 million 4.50% Notes due March 4, 2026, which were initially assigned a BBB+ rating by Kroll Bond Rating Agency. The March B Notes are unsecured and bear an interest r

Hercules Capital Completes Investment Grade Bond Offering of $50.0 Million of 4.55% Notes due March 2026

Hercules Capital (HTGC) records an increase in revenues and higher expenses in the fourth quarter of 2020.

Hercules Capital (HTGC) Q4 Earnings Beat, Revenues Rise Y/Y

Hercules Capital, Inc. (HTGC) CEO Scott Bluestein on Q4 2020 Results - Earnings Call Transcript

Hercules Tech (HTGC) delivered earnings and revenue surprises of 12.12% and 7.32%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Hercules Technology (HTGC) Tops Q4 Earnings and Revenue Estimates

Shares of Hercules Cap (NYSE:HTGC) moved higher in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 7.50% over the past year to $0.37, which beat the estimate of $0.33.

Recap: Hercules Cap Q4 Earnings

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced its financial results for the fourth quarter and full-year ended December 31, 2020. “Despite the unique challenges of 2020, Hercules was able to reach several new financial

Hercules Capital Reports Fourth Quarter and Full-Year 2020 Financial Results

On Tuesday, February 23, Hercules Capital (NYSE:HTGC) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Hercules Capital's Earnings Outlook

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, is pleased to announce that its Board of Directors has declared a supplemental cash distribution of $0.05 per share. This supplemental cash distribution will be paid out of Hercules Capital

Hercules Capital Announces Supplemental Cash Distribution of $0.05 per Share for the Fourth Quarter of 2020

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, is pleased to announce that its Board of Directors has declared a fourth quarter 2020 cash distribution of $0.32 per share. The following shows the key dates of the fourth quarter 2020 distr

Hercules Capital Declares Cash Distribution of $0.32 per Share for the Fourth Quarter of 2020

Federal Agricultural

ConnectOne Bancorp

To enhance the effectiveness of the search for value opportunities, one method is to choose stocks whose "Graham blended multiplier" is less than 22.5. Designed by Benjamin Graham, the father of value investing, the multiplier is equal to the stock's price-earnings ratio multiplied by its price-book ratio.

A Trio of Graham-Style Stocks for the Value Investor

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has scheduled its fourth quarter and full-year 2020 financial results conference call for Tuesday, February 23, 2021, at 2:00 p.m. PT (5:00 p.m. ET). Hercules will r

Hercules Capital Announces Date for Release of Fourth Quarter and Full-Year 2020 Financial Results and Conference Call

AVEO Pharma

BOSTON--(BUSINESS WIRE)--AVEO Oncology (Nasdaq: AVEO) today announced that it has received a commitment letter for an incremental $10 million loan from Hercules Capital, Inc. (NYSE: HTGC, “Hercules”) and its affiliates, to be added to the current tranched, $35 million debt facility secured with Hercules in August 2020 through an amendment to the amended and restated loan and security agreement (the “Loan Agreement”). Terms of the facility would remain otherwise unchanged from the Loan Agreement

AVEO Oncology Announces Commitment for an Incremental $10 Million Loan in Addition to Current Tranched, $35 Million Debt Facility with Hercules Capital

Apollo Investment

Ares Capital

Main Street Capital

Sixth Street Specialty Lending

Business development companies (BDCs) are a small but high-yielding industry that effectively acts as private equity for the common man.

Need Yield? Try These 5 Best BDCs for 2021

Alexandria Real Estate Equities

Merck

Vanguard Health Care ETF

Zoetis

These biotech stocks allow you to profit off the innovations that are giving us longer, healthier lives through the companies that make them. The post 5 Rational Biotech Stocks to Buy appeared first on InvestorPlace.

5 Rational Biotech Stocks to Buy

VanEck Vectors BDC Income ETF

iShares 7-10 Year Treasury Bond ETF

Prospect Captl 6.25 % Notes 2015-15.6.24

Prospect Capital

SPDR S&P 500 ETF Trust

Vanguard Real Estate ETF

Utilities Select Sector SPDR Fund

Business development companies offer high-yield and potential for market-beating total returns in today's market. While we are bullish on a few select BDCs, we avoid most of them.

The Dark Side Of 10% Yielding BDCs

The underwriting track record at Hercules Capital, Inc. has not been spectacular - $1 of NAV in 2005 was whittled down to ~$0.75 in 2020.

Hercules Capital: Not As Strong As The Mythical Hercules

Hercules Capital's business continues to rebound, with improving NAV and NII per share, and improving credit quality on its portfolio investments.

Hercules Capital: 9.2% Yield With Deal Activity Picking Up Steam

AllianceBernstein Hld

Compass Diversified Holdings

These dividend stocks have juicy dividends, but are also strong, reliable companies in their own right and should be on your short list. The post 4 Big Dividends to Be Thankful For appeared first on InvestorPlace.

4 Big Dividends to Be Thankful For

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) today announced a private offering totaling $100.0 million in aggregate principal amount of $50.0 million 4.50% Notes due March 2026 (the “November Notes”) and $50.0 million 4.55% Notes due March 2026 (the “March Notes”). The November Notes are unsecured and bear an interest rate of 4.50% per year, payable semiannually and will mature on March 4, 2026, and may be redeemed in whole or in part at

Hercules Capital Announces an Investment Grade Bond Offering Totaling $100.0 Million Due 2026

Hercules Capital (HTGC) records a rise in revenues and higher expenses in the third quarter of 2020.

Hercules Capital (HTGC) Q3 Earnings Beat, Revenues Rise Y/Y

Hercules Capital, Inc. (HTGC) CEO Scott Bluestein on Q3 2020 Results - Earnings Call Transcript

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced its financial results for the third quarter ended September 30, 2020. “We delivered an unseasonally strong record third quarter of originations and fundings of $514 million

Hercules Capital Reports Third Quarter 2020 Financial Results

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced it received agency committee approval by the U.S. Small Business Administration (SBA) for a third Small Business Investment Company (SBIC) license. The SBIC license was issu

Hercules Capital Gains Additional Liquidity for New Investments with Approval of Third SBA License

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, is pleased to announce that its Board of Directors has declared a supplemental cash distribution of $0.02 per share. This supplemental cash distribution will be paid out of Hercules Capital

Hercules Capital Announces Supplemental Cash Distribution of $0.02 per Share for the Third Quarter of 2020

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, is pleased to announce that its Board of Directors has declared a third quarter 2020 cash distribution of $0.32 per share. The following shows the key dates of the third quarter 2020 distrib

News for Hercules Capital ETF (HTGC)