Hercules 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

16.38 0.25 −1.50%
Market cap
$3.1B
P/E
8.5×
Fwd P/E
8.7×
Dividend yield
4.88%
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Hercules Capital, Inc. (HTGC) Revenue growth

Alert me on Revenue growth

Hercules Capital, Inc.'s revenue growth over the twelve months to 30 September 2026 was 9.93%, up 2.0 percentage points from fiscal 2025 (7.88%). Over the past ten years it has ranged from −2.19% (fiscal 2021) to 43.2% (fiscal 2023); the current reading is higher than 36% of that period. That is above the Asset Management industry median of 7.26% and above the Financial sector median of 7.33%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 7.88% 0.73
FY2024 7.15% (36.05)
FY2023 43.2% 28.71
FY2022 14.5% 16.68
FY2021 −2.19% (9.43)
FY2020 7.24% (21.70)
FY2019 28.9% 20.10
FY2018 8.84% (0.20)
FY2017 9.04% (2.36)
FY2016 11.4% 2.03

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 1.46% (7.02)
Jun 2026 8.48% (9.95)
Mar 2026 18.4% 5.58
Dec 2025 12.9% 2.59
43 more quarters

Against its own ten years

Low −2.19% High 43.2%
Ten-year median 9.04%
Current reading's percentile 36

Revenue growth against peers

Company Revenue growth
SII Sprott Inc. compare 102.2%
WT WisdomTree, Inc. compare 45.2%
ASST Strive, Inc. compare 33.5%
AAMI Acadian Asset Management Inc. compare 27.9%
HTGC Hercules Capital, Inc. 9.93%
APAM Artisan Partners Asset Management Inc. compare 8.70%
GBDC Golub Capital BDC, Inc. compare −8.73%
FSK FS KKR Capital Corp. compare −21.7%
AB AllianceBernstein Holding L.P. compare —
Asset Management industry median 7.26%
Financial sector median 7.33%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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