For Q1 FY2026 ended March 31, 2026, Hercules Capital reported net income of $42.5 million, a decrease of 15.6% year-over-year. Diluted EPS was $0.23, down 20.7% from the prior year. The company had cash of $42.4 million, total equity of $2.23 billion, and long-term debt of $2.54 billion.
•Net income fell 15.6% YoY to $42.5 million.
•Diluted EPS decreased 20.7% to $0.23.
•Cash stood at $42.4 million, equity at $2.23 billion, and long-term debt at $2.54 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
What is Hercules Capital, Inc. (HCXY) and what does it do?
Hercules Capital, Inc. (ticker: HCXY) is a publicly traded business development company (BDC) listed on the New York Stock Exchange (NYSE). It specializes in providing venture debt and growth capital to venture capital-backed companies, primarily in the technology, life sciences, and sustainable and renewable energy sectors. The company offers customized financing solutions including term loans, equipment financing, and revolving lines of credit. Hercules Capital typically invests in companies that have already received venture capital funding and are seeking non-dilutive capital to fuel their growth. As a BDC, it is regulated under the Investment Company Act of 1940 and must distribute at least 90% of its taxable income to shareholders in the form of dividends.
Where is Hercules Capital (HCXY) listed and in which currency does it trade?
Hercules Capital, Inc. (HCXY) is listed on the New York Stock Exchange (NYSE), one of the world's largest and most prestigious stock exchanges. The company's shares trade in US Dollars (USD), which is the official currency of the United States. As a US-based business development company, all of its financial reporting, dividends, and trading activities are conducted in USD. Investors looking to purchase shares of HCXY would need to have access to US markets and typically use a brokerage account that supports trading on the NYSE. The company's listing on the NYSE provides liquidity and exposure to a broad range of institutional and retail investors.
What sector and industry does Hercules Capital (HCXY) operate in?
Hercules Capital, Inc. (HCXY) does not have a specified sector or industry in its available data. However, based on its business model as a business development company (BDC), it is generally classified within the financial services sector. BDCs like Hercules Capital are specialized investment companies that provide debt and equity financing to small and mid-sized private companies. The company focuses on venture debt, which is a type of debt financing provided to venture capital-backed companies that may not yet be profitable or have sufficient cash flow to qualify for traditional bank loans. While the exact sector and industry classification are not provided, Hercules Capital's operations are closely tied to the venture capital and private equity ecosystems.
What is the business model of Hercules Capital (HCXY) and how does it generate revenue?
Hercules Capital, Inc. (HCXY) generates revenue primarily through interest income from its portfolio of venture debt investments. As a business development company (BDC), it provides loans to venture capital-backed companies in the technology, life sciences, and sustainable energy sectors. These loans typically carry higher interest rates than traditional bank loans due to the higher risk profile of the borrowers. Additionally, Hercules Capital may earn fees from loan origination, commitment, and prepayment. The company also generates income from equity investments, such as warrants or direct equity stakes, which can provide capital gains when the portfolio companies are acquired or go public. Its revenue model is designed to generate consistent cash flow to support regular dividend distributions to shareholders.