stockrowHercules Capital, Inc.
HTGC Financial Asset Management
Hercules Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $532.5 million, up 7.88% from fiscal 2024.
- Revenue
- +1.46%
- EPS
- −24.2%
- Free cash flow
- −5,073.1%
- Total debt
- +18.6%
Quarter to September 2026, against a year earlier
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Hercules Capital, Inc. (HTGC) Free cash flow
Hercules Capital, Inc.'s free cash flow for fiscal 2025 was −$425.9M, compared with −$118.8M in fiscal 2024. Over the twelve months to 30 September 2026 it was −$154.0M. Over the past ten years it has ranged from −$425.9M (fiscal 2025) to $207.7M (fiscal 2020) — the current reading is the lowest in ten years. Hercules Capital, Inc. ranks 106th of 116 Asset Management companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | −$425.9M | — |
| FY2024 | −$118.8M | — |
| FY2023 | $67.4M | — |
| FY2022 | −$424.9M | — |
| FY2021 | $128.5M | (38.11%) |
| FY2020 | $207.7M | — |
| FY2019 | −$241.3M | — |
| FY2018 | −$249.4M | — |
| FY2017 | −$18.7M | — |
| FY2016 | −$138.6M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | −$165.6M | — |
| Jun 2026 | $297.9M | — |
| Mar 2026 | −$230.7M | — |
| Dec 2025 | −$55.6M | — |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| FSK FS KKR Capital Corp. compare | $1.6B |
| GBDC Golub Capital BDC, Inc. compare | $919.6M |
| APAM Artisan Partners Asset Management Inc. compare | $327.3M |
| AB AllianceBernstein Holding L.P. compare | $319.0M |
| WT WisdomTree, Inc. compare | $203.9M |
| SII Sprott Inc. compare | $139.7M |
| AAMI Acadian Asset Management Inc. compare | −$50.1M |
| HTGC Hercules Capital, Inc. | −$154.0M |
| ASST Strive, Inc. compare | −$1.5B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on HTGC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement