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) Revenue
Hercules Capital, Inc.'s revenue for fiscal 2025 was $532.5M, up 7.88% from $493.6M in fiscal 2024. Over the twelve months to 30 September 2026 it was $568.2M. Over the past ten years it has ranged from $157.1M (fiscal 2015) to $532.5M (fiscal 2025) — the current reading is the highest in ten years. Revenue has risen for 4 consecutive fiscal years. Hercules Capital, Inc. ranks 39th of 114 Asset Management companies by revenue.
Revenue, annual
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Annual newest first
| Period | Revenue | Change |
|---|---|---|
| FY2025 | $532.5M | 7.88% |
| FY2024 | $493.6M | 7.15% |
| FY2023 | $460.7M | 43.20% |
| FY2022 | $321.7M | 14.49% |
| FY2021 | $281.0M | (2.19%) |
| FY2020 | $287.3M | 7.24% |
| FY2019 | $267.9M | 28.94% |
| FY2018 | $207.8M | 8.84% |
| FY2017 | $190.9M | 9.04% |
| FY2016 | $175.1M | 11.40% |
Quarterly newest first
| Period | Revenue | Change |
|---|---|---|
| Sep 2026 | $140.1M | (6.03%) |
| Jun 2026 | $149.1M | 5.35% |
| Mar 2026 | $141.5M | 2.99% |
| Dec 2025 | $137.4M | (0.48%) |
| 43 more quarters | Free account |
Against its own ten years
Revenue against peers
| Company | Revenue |
|---|---|
| APAM Artisan Partners Asset Management Inc. compare | $1.3B |
| FSK FS KKR Capital Corp. compare | $1.2B |
| GBDC Golub Capital BDC, Inc. compare | $800.7M |
| AAMI Acadian Asset Management Inc. compare | $715.5M |
| WT WisdomTree, Inc. compare | $663.4M |
| HTGC Hercules Capital, Inc. | $568.2M |
| SII Sprott Inc. compare | $399.7M |
| ASST Strive, Inc. compare | $8.5M |
| AB AllianceBernstein Holding L.P. compare | — |
What Revenue is
Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.
Reported line item
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- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- 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