Hercules Capital reports developments for a specialty finance company focused on senior secured venture growth loans to venture capital-backed and select private equity-backed companies in technology, life sciences and related growth industries. News commonly covers debt and equity commitments, fundings, portfolio activity, earnings results, net investment income, leverage, liquidity and cash distributions.
The company also reports governance and capital-market developments tied to its public securities, including its NYSE-listed common stock and 6.25% Notes due 2033 under the symbol HCXY. Recurring updates include annual meeting materials, executive leadership changes, credit ratings, adviser-subsidiary activity and external funds managed through Hercules Adviser LLC.
Hercules Capital (NYSE: HTGC) reported record full-year 2025 results, with $3.92 billion of total new debt and equity commitments (+45.7% YoY) and $2.28 billion of total fundings (+25.9% YoY).
Other highlights include record full-year investment income of $532.5 million, net investment income of $341.7 million, Q4 commitments of $1.06 billion (+70.8% YoY), available liquidity of over $1.0 billion, undistributed earnings of $149.9 million (≈$0.82 per ending share), and approximately $5.7 billion of assets under management (+20.5% YoY). The company announced a new supplemental 2026 cash distribution of $0.28 per share.
Hercules Capital (NYSE: HTGC) closed an underwritten public offering of $300.0 million aggregate principal amount of unsecured 5.350% notes due February 10, 2029. The Notes pay interest semiannually and are redeemable at the company’s option at par plus a make-whole premium, if applicable.
The company assigned initial ratings of Baa2 by Moody’s and BBB- by Fitch. Net proceeds will fund investments, repay secured indebtedness and support general corporate purposes. Joint book-running managers included Goldman Sachs, SMBC Nikko and MUFG Securities.
Hercules Capital (HCXY) declared a new supplemental cash distribution totaling $0.28 per share, to be paid equally over four quarters beginning with $0.07 per share for Q4 2025. That Q4 supplemental payment has a record date Feb 25, 2026 and payment date March 4, 2026.
The $0.07 supplemental is in addition to the regular Q4 2025 quarterly distribution of $0.40 per share and will be paid from undistributed taxable income as of December 31, 2025. The company reports 78.54% Qualified Interest Income (QII) for 2025 distributions.
Hercules Capital (NYSE: HCXY) declared a $0.47 per share total cash distribution for Q4 2025, comprising a $0.40 base and a $0.07 supplemental.
Record date is February 25, 2026 and payment date is March 4, 2026. The company said 100% of Q4 distributions derived from current and accumulated earnings and profits, and QII for 2025 distributions is 78.54%.
Hercules Capital (NYSE: HTGC) priced an underwritten public offering of $300.0 million aggregate principal amount of 5.350% unsecured notes due February 10, 2029.
The notes bear interest at 5.350% payable semiannually, are expected to settle on February 10, 2026, and proceeds are planned to fund investments, repay secured indebtedness and for general corporate purposes.
Hercules Capital (NYSE: HCXY) scheduled its fourth-quarter and full-year 2025 results release and conference call for Thursday, February 12, 2026. Results will be released after market close and a conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET.
The live webcast and archived replay will be available on the Investor Resources page at investor.htgc.com. Domestic and international dial‑in numbers are provided, and callers should reference conference ID HTGCQ425.
Hercules Capital (NYSE: HCXY) said members of its executive management team will participate in the Citizens Financial Services Conference in New York on Tuesday, November 18, 2025.
Management availability includes participation in the conference and one-on-one meetings, which can be arranged through Citizens Financial Services.
Hercules Capital (NYSE: HTGC) reported record third-quarter and year‑to‑date activity for 2025, with Q3 total debt and equity commitments of $846.2M and record Q3 fundings of $504.6M. Year‑to‑date through Q3, commitments reached $2.87B and fundings $1.75B. Q3 investment income was $138.1M and Q3 net investment income (NII) was $88.6M or $0.49 per share, covering 122% of the base cash distribution.
Balance-sheet highlights: net GAAP leverage 98.2%, net regulatory leverage 82.3%, over $1.0B of available liquidity, undistributed earnings spillover of $146.2M ($0.80 per ending share), approximately $5.5B AUM (+20.7% YoY), and a Moody’s upgrade to Baa2.
Hercules Capital (NYSE:HCXY) declared a $0.47 per share total cash distribution for Q3 2025, composed of a $0.40 base distribution and a $0.07 supplemental distribution. The record date is November 12, 2025 and the payment date is November 19, 2025.
The Board maintains a variable distribution policy targeting distributions that approximate 90%–100% of taxable quarterly income and may pay supplemental amounts to distribute annual taxable income in the year earned. Of distributions declared for the quarter ended September 30, 2025, 100% were derived from current earnings and profits. Year-to-date Qualified Interest Income (QII) for 2025 distributions is 79.05%.
Hercules Capital (NYSE: HCXY) announced it reached $25.0 billion in total cumulative debt commitments since its first origination in October 2004, as of October 27, 2025. The company reported a 21-year 41.5% compound annual growth rate in cumulative commitments and highlighted key scale metrics including ~5.5 billion in assets under management (AUM) as of September 30, 2025, more than 700 portfolio companies, >1,000 venture/private equity sponsors, and over 270 IPO or M&A liquidity events.
The announcement credits its investment team, underwriting discipline, and partnerships for the milestone.