Annual Income Statements for Hercules Capital
This table shows Hercules Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Hercules Capital
This table shows Hercules Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
53 |
184 |
238 |
259 |
260 |
-147 |
280 |
274 |
284 |
-213 |
157 |
Consolidated Net Income / (Loss) |
|
53 |
148 |
238 |
259 |
260 |
-147 |
280 |
274 |
284 |
-213 |
157 |
Net Income / (Loss) Continuing Operations |
|
53 |
148 |
238 |
259 |
260 |
-147 |
280 |
274 |
284 |
-213 |
157 |
Total Pre-Tax Income |
|
50 |
151 |
238 |
259 |
260 |
-147 |
280 |
274 |
284 |
-213 |
157 |
Total Revenue |
|
87 |
145 |
257 |
277 |
278 |
-133 |
301 |
292 |
300 |
-196 |
175 |
Net Interest Income / (Expense) |
|
84 |
-7.09 |
183 |
201 |
204 |
-221 |
214 |
216 |
218 |
-244 |
100 |
Total Interest Income |
|
84 |
23 |
200 |
218 |
221 |
-204 |
232 |
235 |
238 |
-224 |
119 |
Total Interest Expense |
|
0.00 |
30 |
17 |
17 |
16 |
17 |
18 |
19 |
20 |
20 |
20 |
Long-Term Debt Interest Expense |
|
- |
- |
17 |
17 |
16 |
17 |
18 |
19 |
20 |
20 |
20 |
Total Non-Interest Income |
|
2.82 |
153 |
73 |
76 |
74 |
89 |
87 |
77 |
83 |
48 |
76 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.00 |
158 |
73 |
76 |
74 |
89 |
87 |
77 |
83 |
48 |
76 |
Total Non-Interest Expense |
|
33 |
-1.24 |
19 |
18 |
18 |
14 |
21 |
19 |
17 |
17 |
19 |
Salaries and Employee Benefits |
|
13 |
6.60 |
15 |
13 |
14 |
9.20 |
16 |
14 |
12 |
11 |
14 |
Other Operating Expenses |
|
4.68 |
2.97 |
4.13 |
5.15 |
4.59 |
4.83 |
5.06 |
4.48 |
4.60 |
5.54 |
4.81 |
Other Special Charges |
|
14 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
0.02 |
Basic Earnings per Share |
|
$0.41 |
$0.51 |
$0.69 |
$0.66 |
$0.19 |
$0.78 |
$0.57 |
$0.26 |
$0.42 |
$0.36 |
$0.29 |
Weighted Average Basic Shares Outstanding |
|
127.48M |
125.19M |
135.25M |
141.39M |
146.90M |
144.09M |
157.45M |
160.75M |
161.02M |
161.08M |
171.49M |
Diluted Earnings per Share |
|
$0.41 |
$0.50 |
$0.68 |
$0.66 |
$0.19 |
$0.78 |
$0.57 |
$0.25 |
$0.42 |
$0.37 |
$0.29 |
Weighted Average Diluted Shares Outstanding |
|
129.33M |
126.66M |
137.06M |
142.08M |
147.11M |
144.83M |
157.92M |
161.31M |
161.52M |
161.60M |
175.38M |
Weighted Average Basic & Diluted Shares Outstanding |
|
130.15M |
136.48M |
142.43M |
144.60M |
151.14M |
158.38M |
162.18M |
162.38M |
162.45M |
173.15M |
175.43M |
Annual Cash Flow Statements for Hercules Capital
This table details how cash moves in and out of Hercules Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
123 |
-101 |
-110 |
90 |
0.41 |
Net Cash From Operating Activities |
|
208 |
129 |
-425 |
68 |
-118 |
Net Cash From Continuing Operating Activities |
|
208 |
129 |
-425 |
68 |
-118 |
Net Income / (Loss) Continuing Operations |
|
227 |
174 |
102 |
337 |
263 |
Consolidated Net Income / (Loss) |
|
227 |
174 |
102 |
337 |
263 |
Depreciation Expense |
|
-126 |
0.32 |
0.20 |
0.19 |
32 |
Amortization Expense |
|
-24 |
2.53 |
0.87 |
0.04 |
2.32 |
Non-Cash Adjustments to Reconcile Net Income |
|
125 |
-62 |
-512 |
-252 |
-430 |
Changes in Operating Assets and Liabilities, net |
|
5.74 |
13 |
-16 |
-17 |
15 |
Net Cash From Investing Activities |
|
-0.14 |
-0.11 |
-0.11 |
-0.89 |
-0.71 |
Net Cash From Continuing Investing Activities |
|
-0.14 |
-0.11 |
-0.11 |
-0.89 |
-0.71 |
Purchase of Investment Securities |
|
-0.14 |
-0.11 |
-0.11 |
-0.89 |
-0.71 |
Net Cash From Financing Activities |
|
-85 |
-230 |
315 |
23 |
119 |
Net Cash From Continuing Financing Activities |
|
-85 |
-230 |
315 |
23 |
119 |
Issuance of Debt |
|
824 |
1,737 |
1,274 |
659 |
1,332 |
Issuance of Common Equity |
|
77 |
11 |
232 |
344 |
221 |
Repayment of Debt |
|
-832 |
-1,799 |
-940 |
-688 |
-1,124 |
Repurchase of Common Equity |
|
-1.84 |
-2.82 |
-4.53 |
-13 |
-3.43 |
Payment of Dividends |
|
-152 |
-176 |
-245 |
-274 |
-303 |
Other Financing Activities, Net |
|
-0.30 |
-0.21 |
-2.43 |
-6.13 |
-2.55 |
Cash Interest Paid |
|
58 |
51 |
52 |
67 |
78 |
Cash Income Taxes Paid |
|
2.46 |
3.76 |
7.38 |
5.27 |
5.25 |
Quarterly Cash Flow Statements for Hercules Capital
This table details how cash moves in and out of Hercules Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
-53 |
-40 |
53 |
- |
-37 |
79 |
-56 |
- |
5.10 |
72 |
-62 |
Net Cash From Operating Activities |
|
-53 |
-65 |
-81 |
- |
-115 |
131 |
-241 |
- |
93 |
-29 |
-222 |
Net Cash From Continuing Operating Activities |
|
-53 |
-65 |
-81 |
- |
-115 |
131 |
-241 |
- |
93 |
-29 |
-222 |
Net Income / (Loss) Continuing Operations |
|
53 |
63 |
95 |
- |
28 |
120 |
91 |
- |
69 |
61 |
50 |
Consolidated Net Income / (Loss) |
|
53 |
63 |
95 |
- |
28 |
120 |
91 |
- |
69 |
61 |
50 |
Depreciation Expense |
|
0.05 |
-87 |
0.04 |
- |
6.34 |
0.02 |
0.19 |
- |
45 |
-14 |
26 |
Amortization Expense |
|
12 |
-0.30 |
0.09 |
- |
-0.38 |
0.16 |
0.86 |
- |
0.53 |
0.25 |
0.73 |
Non-Cash Adjustments to Reconcile Net Income |
|
-112 |
-48 |
-165 |
- |
-149 |
32 |
-326 |
- |
-30 |
-78 |
-280 |
Changes in Operating Assets and Liabilities, net |
|
-7.18 |
7.87 |
-11 |
- |
0.17 |
-22 |
-6.91 |
- |
7.90 |
0.61 |
-19 |
Net Cash From Investing Activities |
|
-0.01 |
-0.03 |
-0.09 |
- |
-0.01 |
-0.50 |
-0.29 |
- |
-0.03 |
-0.01 |
-0.01 |
Net Cash From Continuing Investing Activities |
|
-0.01 |
-0.03 |
-0.09 |
- |
-0.01 |
-0.50 |
-0.29 |
- |
-0.03 |
-0.01 |
-0.01 |
Purchase of Investment Securities |
|
-0.01 |
-0.03 |
-0.09 |
- |
-0.01 |
-0.50 |
-0.29 |
- |
-0.03 |
-0.01 |
-0.01 |
Net Cash From Financing Activities |
|
-0.08 |
25 |
134 |
- |
79 |
-52 |
185 |
- |
-87 |
102 |
160 |
Net Cash From Continuing Financing Activities |
|
-0.08 |
25 |
134 |
- |
79 |
-52 |
185 |
- |
-87 |
102 |
160 |
Issuance of Debt |
|
45 |
105 |
225 |
- |
153 |
126 |
403 |
- |
283 |
393 |
569 |
Issuance of Common Equity |
|
43 |
40 |
66 |
- |
111 |
101 |
67 |
- |
- |
154 |
40 |
Repayment of Debt |
|
-24 |
-53 |
-91 |
- |
-110 |
-205 |
-207 |
- |
-294 |
-365 |
-366 |
Repurchase of Common Equity |
|
-0.57 |
0.21 |
-1.38 |
- |
-0.51 |
-0.58 |
-2.70 |
- |
-1.09 |
-1.04 |
-3.47 |
Payment of Dividends |
|
-63 |
-66 |
-64 |
- |
-71 |
-72 |
-74 |
- |
-75 |
-78 |
-79 |
Other Financing Activities, Net |
|
-0.44 |
-0.38 |
-0.83 |
- |
-3.72 |
-0.83 |
-0.87 |
- |
-0.09 |
-1.56 |
-0.74 |
Cash Interest Paid |
|
22 |
7.69 |
24 |
- |
24 |
9.74 |
24 |
- |
29 |
14 |
26 |
Cash Income Taxes Paid |
|
0.06 |
0.04 |
4.76 |
- |
0.05 |
0.06 |
4.90 |
- |
0.03 |
0.07 |
6.03 |
Annual Balance Sheets for Hercules Capital
This table presents Hercules Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2021 |
2022 |
2023 |
2024 |
Total Assets |
4,826 |
3,029 |
3,417 |
3,832 |
Cash and Due from Banks |
- |
16 |
98 |
43 |
Restricted Cash |
- |
10 |
17 |
3.30 |
Trading Account Securities |
- |
2,964 |
3,248 |
3,660 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
4,826 |
39 |
49 |
126 |
Total Liabilities & Shareholders' Equity |
-1,211 |
3,029 |
3,417 |
3,832 |
Total Liabilities |
-1,211 |
1,627 |
1,614 |
1,842 |
Long-Term Debt |
-2,282 |
1,574 |
1,555 |
1,769 |
Other Long-Term Liabilities |
1,071 |
53 |
54 |
73 |
Commitments & Contingencies |
- |
- |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
0.00 |
1,401 |
1,803 |
1,990 |
Total Preferred & Common Equity |
0.00 |
1,401 |
1,803 |
1,990 |
Total Common Equity |
0.00 |
1,401 |
1,803 |
1,990 |
Common Stock |
- |
1,342 |
1,663 |
1,901 |
Retained Earnings |
- |
60 |
140 |
89 |
Quarterly Balance Sheets for Hercules Capital
This table presents Hercules Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
2,925 |
3,252 |
3,225 |
3,336 |
3,696 |
3,672 |
3,656 |
4,031 |
Cash and Due from Banks |
|
57 |
71 |
62 |
32 |
50 |
28 |
39 |
51 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
|
2,867 |
43 |
38 |
38 |
64 |
65 |
3,617 |
3,980 |
Total Liabilities & Shareholders' Equity |
|
2,925 |
3,252 |
3,225 |
3,336 |
3,696 |
3,672 |
3,656 |
4,031 |
Total Liabilities |
|
1,562 |
1,753 |
1,639 |
1,684 |
1,810 |
1,816 |
1,805 |
2,031 |
Long-Term Debt |
|
1,521 |
1,714 |
1,589 |
1,633 |
1,752 |
1,747 |
1,739 |
1,977 |
Other Long-Term Liabilities |
|
41 |
4.97 |
3.89 |
52 |
58 |
68 |
65 |
54 |
Total Equity & Noncontrolling Interests |
|
1,363 |
1,409 |
1,586 |
1,652 |
1,886 |
1,857 |
1,852 |
2,001 |
Total Preferred & Common Equity |
|
1,288 |
1,409 |
1,586 |
1,652 |
1,886 |
1,857 |
1,852 |
2,001 |
Total Common Equity |
|
1,288 |
1,409 |
1,586 |
1,652 |
1,886 |
1,857 |
1,852 |
2,001 |
Common Stock |
|
1,288 |
1,409 |
1,468 |
1,580 |
1,731 |
1,738 |
1,742 |
1,943 |
Retained Earnings |
|
- |
- |
117 |
73 |
155 |
119 |
110 |
58 |
Annual Metrics And Ratios for Hercules Capital
This table displays calculated financial ratios and metrics derived from Hercules Capital's official financial filings.
Metric |
|
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
-31.55% |
45.75% |
53.22% |
2.73% |
EBITDA Growth |
|
0.00% |
7.13% |
119.14% |
60.71% |
7.72% |
EBIT Growth |
|
0.00% |
-44.90% |
118.78% |
61.10% |
2.19% |
NOPAT Growth |
|
0.00% |
-52.28% |
152.62% |
61.10% |
2.19% |
Net Income Growth |
|
0.00% |
-60.46% |
117.54% |
61.10% |
2.19% |
EPS Growth |
|
0.00% |
-25.87% |
-46.98% |
192.41% |
-30.30% |
Operating Cash Flow Growth |
|
0.00% |
-38.10% |
-430.27% |
116.07% |
-272.95% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
75.51% |
357.05% |
-90.18% |
Invested Capital Growth |
|
0.00% |
0.00% |
33.60% |
-33.07% |
11.94% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-46.28% |
22.59% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-45.66% |
51.89% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-49.60% |
51.96% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-49.78% |
62.34% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-49.65% |
49.34% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
13.79% |
-20.30% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
-63.42% |
153.54% |
-380.94% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
-42.02% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
EBITDA Margin |
|
36.97% |
57.86% |
85.70% |
89.88% |
94.26% |
EBIT Margin |
|
70.72% |
56.93% |
85.45% |
89.85% |
89.38% |
Profit (Net Income) Margin |
|
99.12% |
57.26% |
85.45% |
89.85% |
89.38% |
Tax Burden Percent |
|
100.00% |
116.13% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
|
140.16% |
86.60% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.00% |
7.99% |
8.64% |
14.58% |
17.53% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
9.28% |
8.64% |
14.58% |
17.53% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
0.00% |
53.14% |
15.36% |
Return on Equity (ROE) |
|
0.00% |
0.00% |
0.00% |
67.71% |
32.89% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-192.01% |
-20.13% |
54.20% |
6.26% |
Operating Return on Assets (OROA) |
|
0.00% |
3.59% |
7.02% |
13.00% |
17.21% |
Return on Assets (ROA) |
|
0.00% |
3.61% |
7.02% |
13.00% |
17.21% |
Return on Common Equity (ROCE) |
|
0.00% |
0.00% |
0.00% |
67.71% |
32.89% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
0.00% |
33.86% |
31.35% |
Net Operating Profit after Tax (NOPAT) |
|
314 |
150 |
379 |
610 |
624 |
NOPAT Margin |
|
70.72% |
49.30% |
85.45% |
89.85% |
89.38% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-1.29% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
9.01% |
16.08% |
9.89% |
7.40% |
7.77% |
Operating Expenses to Revenue |
|
29.28% |
43.07% |
14.55% |
10.15% |
10.62% |
Earnings before Interest and Taxes (EBIT) |
|
314 |
173 |
379 |
610 |
624 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
164 |
176 |
380 |
611 |
658 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
0.00 |
1.26 |
1.64 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.00 |
1.26 |
1.64 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
3.10 |
3.35 |
4.68 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
3.63 |
3.73 |
5.23 |
Dividend Yield |
|
13.48% |
11.30% |
12.98% |
8.43% |
7.57% |
Earnings Yield |
|
0.00% |
0.00% |
27.58% |
26.79% |
19.11% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.00 |
1.11 |
1.33 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
0.00 |
5.47 |
7.15 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
6.09 |
7.58 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
6.09 |
8.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
6.09 |
8.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
54.45 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
1.64 |
22.39 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.86 |
0.89 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.86 |
0.89 |
Financial Leverage |
|
0.00 |
0.00 |
0.00 |
3.65 |
0.88 |
Leverage Ratio |
|
0.00 |
0.00 |
0.00 |
5.21 |
1.91 |
Compound Leverage Factor |
|
0.00 |
0.00 |
0.00 |
5.21 |
1.91 |
Debt to Total Capital |
|
0.00% |
100.00% |
100.00% |
46.31% |
47.07% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
100.00% |
100.00% |
46.31% |
47.07% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
53.69% |
52.94% |
Debt to EBITDA |
|
0.00 |
-12.96 |
-7.87 |
2.55 |
2.69 |
Net Debt to EBITDA |
|
0.00 |
-12.96 |
-7.87 |
2.36 |
2.62 |
Long-Term Debt to EBITDA |
|
0.00 |
-12.96 |
-7.87 |
2.55 |
2.69 |
Debt to NOPAT |
|
0.00 |
-15.21 |
-7.89 |
2.55 |
2.84 |
Net Debt to NOPAT |
|
0.00 |
-15.21 |
-7.89 |
2.36 |
2.76 |
Long-Term Debt to NOPAT |
|
0.00 |
-15.21 |
-7.89 |
2.55 |
2.84 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-3,605 |
-883 |
2,269 |
223 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
-16.12 |
33.56 |
2.89 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
-7.76 |
1.01 |
-1.53 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
-7.76 |
1.01 |
-1.53 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.06 |
0.08 |
0.14 |
0.19 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
Invested Capital |
|
0.00 |
3,755 |
5,017 |
3,358 |
3,759 |
Invested Capital Turnover |
|
0.00 |
0.16 |
0.10 |
0.16 |
0.20 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
3,755 |
1,262 |
-1,659 |
401 |
Enterprise Value (EV) |
|
0.00 |
0.00 |
-1,616 |
3,718 |
4,987 |
Market Capitalization |
|
0.00 |
0.00 |
1,373 |
2,278 |
3,264 |
Book Value per Share |
|
$0.00 |
$0.00 |
$0.00 |
$11.93 |
$12.25 |
Tangible Book Value per Share |
|
$0.00 |
$0.00 |
$0.00 |
$11.93 |
$12.25 |
Total Capital |
|
0.00 |
-2,282 |
-2,990 |
3,358 |
3,759 |
Total Debt |
|
0.00 |
-2,282 |
-2,990 |
1,555 |
1,769 |
Total Long-Term Debt |
|
0.00 |
-2,282 |
-2,990 |
1,555 |
1,769 |
Net Debt |
|
0.00 |
-2,282 |
-2,990 |
1,440 |
1,723 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
-126 |
-24 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
3,755 |
5,017 |
1,555 |
1,769 |
Total Depreciation and Amortization (D&A) |
|
-150 |
2.84 |
1.07 |
0.23 |
34 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$0.80 |
$2.32 |
$1.61 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
125.19M |
144.09M |
161.08M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.79 |
$2.31 |
$1.61 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
126.66M |
144.83M |
161.60M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
136.48M |
158.38M |
173.15M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
262 |
143 |
268 |
427 |
437 |
Normalized NOPAT Margin |
|
58.89% |
47.04% |
60.40% |
62.89% |
62.59% |
Pre Tax Income Margin |
|
99.12% |
49.30% |
85.45% |
89.85% |
89.38% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
6.92 |
9.03 |
8.08 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
6.92 |
9.03 |
8.08 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
6.92 |
9.03 |
8.08 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
6.92 |
9.03 |
8.08 |
Payout Ratios |
|
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
34.60% |
100.77% |
64.70% |
44.84% |
48.66% |
Augmented Payout Ratio |
|
35.02% |
102.39% |
65.90% |
46.92% |
49.21% |
Quarterly Metrics And Ratios for Hercules Capital
This table displays calculated financial ratios and metrics derived from Hercules Capital's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-34.18% |
0.00% |
341.43% |
199.36% |
219.88% |
-191.08% |
0.00% |
5.70% |
7.86% |
-48.12% |
35.23% |
EBITDA Growth |
|
-26.52% |
0.00% |
6,338.95% |
1,889.09% |
285.33% |
-346.70% |
17.58% |
5.65% |
23.65% |
-54.92% |
107.16% |
EBIT Growth |
|
-42.11% |
0.00% |
17,799.55% |
3,190.59% |
378.20% |
-199.87% |
17.65% |
5.74% |
8.96% |
-45.56% |
79.42% |
NOPAT Growth |
|
-48.52% |
0.00% |
17,799.55% |
4,515.12% |
437.73% |
-167.86% |
17.65% |
5.74% |
8.96% |
-45.56% |
79.42% |
Net Income Growth |
|
-43.42% |
0.00% |
17,799.55% |
2,607.39% |
389.20% |
-199.04% |
0.00% |
5.74% |
8.96% |
-45.56% |
79.42% |
EPS Growth |
|
105.00% |
0.00% |
2,366.67% |
833.33% |
-53.66% |
56.00% |
0.00% |
-62.12% |
121.05% |
-52.56% |
-49.12% |
Operating Cash Flow Growth |
|
0.00% |
-164.96% |
57.12% |
213.17% |
-116.96% |
301.60% |
0.00% |
0.00% |
180.23% |
-122.34% |
7.76% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
95.04% |
0.00% |
-1,511.64% |
94.65% |
83.89% |
-135.36% |
45.83% |
Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
13.90% |
-33.07% |
0.00% |
13.53% |
9.32% |
11.94% |
9.33% |
Revenue Q/Q Growth |
|
-5.82% |
67.13% |
76.39% |
0.00% |
0.63% |
-147.59% |
327.35% |
-2.92% |
2.69% |
-165.35% |
189.38% |
EBITDA Q/Q Growth |
|
577.32% |
-14.13% |
301.21% |
8.80% |
2.81% |
-156.30% |
291.22% |
-2.25% |
20.33% |
-168.88% |
180.75% |
EBIT Q/Q Growth |
|
750.16% |
169.60% |
62.12% |
8.76% |
0.60% |
-156.30% |
290.99% |
-2.25% |
3.66% |
-175.22% |
173.46% |
NOPAT Q/Q Growth |
|
925.98% |
212.30% |
57.38% |
8.76% |
0.60% |
-139.41% |
372.84% |
-2.25% |
3.66% |
-152.65% |
204.94% |
Net Income Q/Q Growth |
|
615.62% |
178.10% |
60.78% |
0.00% |
0.60% |
-156.30% |
290.99% |
-2.25% |
3.66% |
-175.22% |
173.46% |
EPS Q/Q Growth |
|
555.56% |
21.95% |
36.00% |
0.00% |
-71.21% |
310.53% |
-26.92% |
-56.14% |
68.00% |
-11.90% |
-21.62% |
Operating Cash Flow Q/Q Growth |
|
54.97% |
-22.09% |
-24.58% |
0.00% |
0.00% |
213.45% |
0.00% |
0.00% |
0.00% |
-131.60% |
-659.80% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
-100.00% |
0.00% |
-1,325.55% |
95.18% |
498.02% |
-315.76% |
95.36% |
85.48% |
-294.04% |
66.81% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
-35.94% |
0.00% |
3.49% |
0.00% |
8.35% |
-0.94% |
-0.35% |
0.00% |
5.82% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
79.37% |
40.78% |
92.75% |
93.58% |
95.60% |
0.00% |
92.90% |
93.54% |
109.61% |
0.00% |
104.36% |
EBIT Margin |
|
62.52% |
100.86% |
92.70% |
93.50% |
93.47% |
0.00% |
92.90% |
93.54% |
94.42% |
0.00% |
89.32% |
Profit (Net Income) Margin |
|
61.12% |
101.70% |
92.70% |
93.50% |
93.47% |
0.00% |
92.90% |
93.54% |
94.42% |
0.00% |
89.32% |
Tax Burden Percent |
|
106.40% |
97.88% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
|
91.87% |
103.01% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
3.20% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.00% |
9.18% |
37.03% |
0.00% |
30.83% |
0.00% |
0.00% |
0.00% |
20.92% |
0.00% |
17.44% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
9.12% |
37.03% |
0.00% |
30.83% |
0.00% |
0.00% |
0.00% |
20.92% |
0.00% |
17.44% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
47.40% |
0.00% |
32.26% |
0.00% |
0.00% |
0.00% |
20.13% |
0.00% |
16.73% |
Return on Equity (ROE) |
|
0.00% |
0.00% |
84.43% |
0.00% |
63.09% |
0.00% |
0.00% |
0.00% |
41.04% |
0.00% |
34.17% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-17.60% |
0.00% |
0.00% |
0.00% |
54.20% |
-200.00% |
-12.68% |
11.18% |
6.26% |
9.29% |
Operating Return on Assets (OROA) |
|
0.00% |
8.28% |
18.30% |
0.00% |
30.38% |
0.00% |
0.00% |
0.00% |
20.57% |
0.00% |
17.19% |
Return on Assets (ROA) |
|
0.00% |
8.35% |
18.30% |
0.00% |
30.38% |
0.00% |
0.00% |
0.00% |
20.57% |
0.00% |
17.19% |
Return on Common Equity (ROCE) |
|
0.00% |
0.00% |
84.43% |
0.00% |
61.54% |
0.00% |
0.00% |
0.00% |
41.04% |
0.00% |
34.17% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
43.67% |
0.00% |
66.07% |
0.00% |
0.00% |
0.00% |
37.29% |
0.00% |
34.64% |
Net Operating Profit after Tax (NOPAT) |
|
48 |
151 |
238 |
259 |
260 |
-103 |
280 |
274 |
284 |
-149 |
157 |
NOPAT Margin |
|
55.60% |
103.90% |
92.70% |
93.50% |
93.47% |
0.00% |
92.90% |
93.54% |
94.42% |
0.00% |
89.32% |
Net Nonoperating Expense Percent (NNEP) |
|
-2.71% |
0.06% |
0.00% |
0.00% |
0.00% |
1.34% |
0.00% |
0.00% |
0.00% |
3.85% |
0.00% |
SG&A Expenses to Revenue |
|
15.44% |
4.53% |
5.70% |
4.64% |
4.89% |
0.00% |
5.43% |
4.93% |
4.05% |
0.00% |
7.93% |
Operating Expenses to Revenue |
|
37.48% |
-0.86% |
7.30% |
6.50% |
6.53% |
0.00% |
7.10% |
6.46% |
5.58% |
0.00% |
10.68% |
Earnings before Interest and Taxes (EBIT) |
|
54 |
147 |
238 |
259 |
260 |
-147 |
280 |
274 |
284 |
-213 |
157 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
69 |
59 |
238 |
259 |
266 |
-146 |
280 |
274 |
329 |
-227 |
183 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
1.00 |
1.11 |
1.23 |
1.26 |
1.41 |
1.62 |
1.64 |
1.64 |
1.66 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
1.00 |
1.11 |
1.23 |
1.26 |
1.41 |
1.62 |
1.64 |
1.64 |
1.66 |
Price to Revenue (P/Rev) |
|
0.00 |
3.10 |
2.21 |
0.00 |
2.00 |
3.35 |
0.00 |
0.00 |
4.00 |
4.68 |
4.47 |
Price to Earnings (P/E) |
|
0.00 |
3.63 |
2.30 |
0.00 |
1.87 |
3.73 |
0.00 |
0.00 |
4.41 |
5.23 |
4.82 |
Dividend Yield |
|
15.35% |
12.98% |
10.80% |
9.56% |
8.73% |
8.43% |
7.59% |
7.15% |
7.68% |
7.57% |
9.94% |
Earnings Yield |
|
0.00% |
27.58% |
43.48% |
0.00% |
53.56% |
26.79% |
0.00% |
0.00% |
22.69% |
19.11% |
20.73% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.95 |
1.03 |
1.11 |
1.11 |
1.19 |
1.31 |
1.32 |
1.33 |
1.32 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
4.75 |
0.00 |
3.57 |
5.47 |
0.00 |
0.00 |
6.23 |
7.15 |
7.06 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
4.91 |
0.00 |
3.32 |
6.09 |
0.00 |
0.00 |
6.48 |
7.58 |
6.98 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
4.96 |
0.00 |
3.34 |
6.09 |
0.00 |
0.00 |
6.87 |
8.00 |
7.58 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
4.96 |
0.00 |
3.32 |
6.09 |
0.00 |
0.00 |
6.87 |
8.00 |
7.58 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
54.45 |
0.00 |
0.00 |
112.85 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.64 |
0.00 |
0.00 |
12.34 |
22.39 |
14.85 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.12 |
0.00 |
1.22 |
1.00 |
0.99 |
0.86 |
0.93 |
0.94 |
0.94 |
0.89 |
0.99 |
Long-Term Debt to Equity |
|
1.12 |
0.00 |
1.22 |
1.00 |
0.99 |
0.86 |
0.93 |
0.94 |
0.94 |
0.89 |
0.99 |
Financial Leverage |
|
0.14 |
0.00 |
1.28 |
1.00 |
1.05 |
3.65 |
0.53 |
0.97 |
0.96 |
0.88 |
0.96 |
Leverage Ratio |
|
1.16 |
0.00 |
2.31 |
2.03 |
2.08 |
5.21 |
2.11 |
2.00 |
2.00 |
1.91 |
1.99 |
Compound Leverage Factor |
|
1.06 |
0.00 |
2.31 |
2.03 |
2.08 |
5.21 |
2.11 |
2.00 |
2.00 |
1.91 |
1.99 |
Debt to Total Capital |
|
52.75% |
100.00% |
54.88% |
50.05% |
49.71% |
46.31% |
48.16% |
48.48% |
48.43% |
47.07% |
49.70% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
52.75% |
100.00% |
54.88% |
50.05% |
49.71% |
46.31% |
48.16% |
48.48% |
48.43% |
47.07% |
49.70% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
2.57% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
44.68% |
0.00% |
45.12% |
49.95% |
50.29% |
53.69% |
51.84% |
51.52% |
51.57% |
52.94% |
50.30% |
Debt to EBITDA |
|
0.00 |
-7.87 |
2.76 |
-21.95 |
1.49 |
2.55 |
-63.71 |
0.00 |
2.38 |
2.69 |
2.63 |
Net Debt to EBITDA |
|
0.00 |
-7.87 |
2.63 |
-20.93 |
1.46 |
2.36 |
-61.52 |
0.00 |
2.32 |
2.62 |
2.56 |
Long-Term Debt to EBITDA |
|
0.00 |
-7.87 |
2.76 |
-21.95 |
1.49 |
2.55 |
-63.71 |
0.00 |
2.38 |
2.69 |
2.63 |
Debt to NOPAT |
|
0.00 |
-7.89 |
2.79 |
0.00 |
1.49 |
2.55 |
0.00 |
0.00 |
2.52 |
2.84 |
2.85 |
Net Debt to NOPAT |
|
0.00 |
-7.89 |
2.66 |
0.00 |
1.46 |
2.36 |
0.00 |
0.00 |
2.46 |
2.76 |
2.78 |
Long-Term Debt to NOPAT |
|
0.00 |
-7.89 |
2.79 |
0.00 |
1.49 |
2.55 |
0.00 |
0.00 |
2.52 |
2.84 |
2.85 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
2.46% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-2,836 |
0.00 |
-2,976 |
-2,915 |
-141 |
1,556 |
-3,358 |
-156 |
-23 |
-550 |
-183 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
-178.98 |
-169.66 |
-8.56 |
89.54 |
-190.54 |
-8.14 |
-1.11 |
-27.52 |
-9.27 |
Operating Cash Flow to Interest Expense |
|
0.00 |
-2.14 |
-4.86 |
7.78 |
-7.02 |
7.53 |
0.00 |
0.00 |
4.54 |
-1.46 |
-11.28 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
-2.14 |
-4.86 |
7.78 |
-7.02 |
7.53 |
0.00 |
0.00 |
4.54 |
-1.46 |
-11.28 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.08 |
0.20 |
0.00 |
0.33 |
0.14 |
0.00 |
0.00 |
0.22 |
0.19 |
0.19 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,884 |
5,017 |
3,213 |
3,174 |
3,285 |
3,358 |
3,638 |
3,604 |
3,591 |
3,759 |
3,977 |
Invested Capital Turnover |
|
0.00 |
0.09 |
0.40 |
0.00 |
0.33 |
0.16 |
0.00 |
0.00 |
0.22 |
0.20 |
0.20 |
Increase / (Decrease) in Invested Capital |
|
2,884 |
0.00 |
3,213 |
3,174 |
401 |
-1,659 |
3,638 |
430 |
306 |
401 |
339 |
Enterprise Value (EV) |
|
0.00 |
-1,616 |
3,051 |
3,272 |
3,632 |
3,718 |
4,343 |
4,719 |
4,744 |
4,987 |
5,252 |
Market Capitalization |
|
0.00 |
1,373 |
1,415 |
1,758 |
2,037 |
2,278 |
2,651 |
3,011 |
3,043 |
3,264 |
3,326 |
Book Value per Share |
|
$10.11 |
$0.00 |
$10.33 |
$11.13 |
$11.42 |
$11.93 |
$11.91 |
$11.55 |
$11.40 |
$12.25 |
$11.55 |
Tangible Book Value per Share |
|
$10.11 |
$0.00 |
$10.33 |
$11.13 |
$11.42 |
$11.93 |
$11.91 |
$11.55 |
$11.40 |
$12.25 |
$11.55 |
Total Capital |
|
2,884 |
-2,990 |
3,124 |
3,174 |
3,285 |
3,358 |
3,638 |
3,604 |
3,591 |
3,759 |
3,977 |
Total Debt |
|
1,521 |
-2,990 |
1,714 |
1,589 |
1,633 |
1,555 |
1,752 |
1,747 |
1,739 |
1,769 |
1,977 |
Total Long-Term Debt |
|
1,521 |
-2,990 |
1,714 |
1,589 |
1,633 |
1,555 |
1,752 |
1,747 |
1,739 |
1,769 |
1,977 |
Net Debt |
|
1,464 |
-2,990 |
1,636 |
1,515 |
1,596 |
1,440 |
1,692 |
1,708 |
1,700 |
1,723 |
1,925 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
-4.80 |
3.20 |
0.00 |
0.00 |
0.00 |
44 |
0.00 |
0.00 |
0.00 |
64 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,521 |
5,017 |
1,804 |
1,589 |
1,633 |
1,555 |
1,752 |
1,747 |
1,739 |
1,769 |
1,977 |
Total Depreciation and Amortization (D&A) |
|
15 |
-87 |
0.13 |
0.24 |
5.96 |
0.18 |
0.00 |
0.00 |
46 |
-13 |
26 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.41 |
$0.51 |
$0.69 |
$0.66 |
$0.19 |
$0.78 |
$0.57 |
$0.26 |
$0.42 |
$0.36 |
$0.29 |
Adjusted Weighted Average Basic Shares Outstanding |
|
127.48M |
125.19M |
135.25M |
141.39M |
146.90M |
144.09M |
157.45M |
160.75M |
161.02M |
161.08M |
171.49M |
Adjusted Diluted Earnings per Share |
|
$0.41 |
$0.50 |
$0.68 |
$0.66 |
$0.19 |
$0.78 |
$0.57 |
$0.25 |
$0.42 |
$0.37 |
$0.29 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
129.33M |
126.66M |
137.06M |
142.08M |
147.11M |
144.83M |
157.92M |
161.31M |
161.52M |
161.60M |
175.38M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
130.15M |
136.48M |
142.43M |
144.60M |
151.14M |
158.38M |
162.18M |
162.38M |
162.45M |
173.15M |
175.43M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
62 |
106 |
167 |
181 |
182 |
-103 |
196 |
192 |
199 |
-149 |
110 |
Normalized NOPAT Margin |
|
71.72% |
72.73% |
64.89% |
65.45% |
65.43% |
0.00% |
65.03% |
65.48% |
66.09% |
0.00% |
62.53% |
Pre Tax Income Margin |
|
57.44% |
103.90% |
92.70% |
93.50% |
93.47% |
0.00% |
92.90% |
93.54% |
94.42% |
0.00% |
89.32% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
4.83 |
14.31 |
15.06 |
15.84 |
-8.43 |
15.88 |
14.28 |
13.92 |
-10.67 |
7.95 |
NOPAT to Interest Expense |
|
0.00 |
4.97 |
14.31 |
15.06 |
15.84 |
-5.90 |
15.88 |
14.28 |
13.92 |
-7.47 |
7.95 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
4.83 |
14.31 |
15.06 |
15.84 |
-8.43 |
15.88 |
14.28 |
13.92 |
-10.67 |
7.95 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
4.97 |
14.31 |
15.06 |
15.84 |
-5.90 |
15.88 |
14.28 |
13.92 |
-7.47 |
7.95 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
64.70% |
40.96% |
0.00% |
24.55% |
44.84% |
0.00% |
0.00% |
43.09% |
48.66% |
44.45% |
Augmented Payout Ratio |
|
0.00% |
65.90% |
41.39% |
0.00% |
25.64% |
46.92% |
0.00% |
0.00% |
43.52% |
49.21% |
45.06% |
Key Financial Trends
Hercules Capital (NYSE: HTGC) demonstrated a significant recovery and strong financial position in the most recent quarter (Q1 2025) compared to earlier periods, based on its latest quarterly financial statements.
Key Positive Highlights:
- In Q1 2025, the company reported consolidated net income of $156.7 million, reflecting robust profitability compared to losses recorded in Q4 2024 (-$213.3 million).
- Total revenue for Q1 2025 surged to $175.4 million, driven by strong net interest income ($99.5 million) and substantial net realized and unrealized capital gains ($75.9 million).
- Total common equity increased to approximately $2.0 billion in Q1 2025 from $1.85 billion in Q3 2024, reflecting a strengthening equity base.
- The balance sheet shows total assets increased to $4.03 billion in Q1 2025 from roughly $3.66 billion in Q3 2024, indicating growth in asset base.
- Net cash from financing activities was a positive $160 million in Q1 2025, evidencing successful capital raising and debt management.
- Basic and diluted earnings per share (EPS) in Q1 2025 were $0.29, turning positive after the loss period in Q4 2024.
Neutral Items to Monitor:
- Net cash from continuing operating activities was negative $222 million in Q1 2025, primarily impacted by significant non-cash adjustments.
- The company’s net loans and leases balance was reported at zero, reflecting the firm's focus on investments other than traditional loans.
- Long-term debt stands at approximately $1.98 billion in Q1 2025, similar to previous quarters, suggesting consistent leverage usage.
Negative Aspects to Consider:
- The company experienced extremely volatile total interest income over the past few quarters, with negative values in Q4 2024 and Q4 2023 indicating some impairment or investment losses.
- Operating cash flows have been negative or weak in recent quarters, which could pressure liquidity if trends persist.
- Q4 2024 showed a substantial net loss and negative total revenue, highlighting past challenges that investors should be cautious about.
Trend Summary: Hercules Capital's financials over the last year show high volatility, primarily due to swings in interest income and capital gains. The latest quarter (Q1 2025) signifies a strong rebound with positive earnings, growing equity, and expanding assets. However, operating cash flow challenges and fluctuating interest income highlight a level of risk. Investors should watch the company’s ability to sustain profitability and manage cash flows as it navigates market cycles.
08/02/25 03:56 AMAI Generated. May Contain Errors.