| Annual · values | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -425.80 M USD | -118.09 M USD | 68.28 M USD | -424.80 M USD | 128.62 M USD | 207.80 M USD |
| Depreciation & Amortization | 337000 USD | 466000 USD | 190000 USD | 204000 USD | 317000 USD | 415000 USD |
| Stock-Based Compensation | 14.79 M USD | 12.48 M USD | 11.93 M USD | 10.83 M USD | 10.38 M USD | 8.47 M USD |
| Capital Expenditures | 89000 USD | 705000 USD | 887000 USD | 114000 USD | 106000 USD | 137000 USD |
| Cash Flow from Investing | -89000 USD | -705000 USD | -887000 USD | -114000 USD | -106000 USD | -137000 USD |
| Cash Flow from Financing | 368.92 M USD | 119.20 M USD | 22.75 M USD | 314.52 M USD | -229.87 M USD | -85.04 M USD |
| Dividends Paid | 325.99 M USD | 303.48 M USD | 273.68 M USD | 245.12 M USD | 175.50 M USD | 152.42 M USD |
| Stock Buybacks | 6.49 M USD | 3.43 M USD | 12.70 M USD | 4.53 M USD | 2.82 M USD | 1.84 M USD |
| Free Cash Flow | -425.89 M USD | -118.79 M USD | 67.39 M USD | -424.91 M USD | 128.51 M USD | 207.66 M USD |
Hercules Capital, Inc. is the leading specialty finance company specializing in senior secured venture growth loans to high-growth, innovative companies backed by venture capital. It primarily serves firms in technology, life sciences, and sustainable and renewable technology industries, providing flexible financing solutions that support expansion and development needs. As a business development company, Hercules Capital, Inc. offers tailored debt financing, including first-lien loans, to help these companies bridge funding gaps between equity rounds without significant dilution. Its portfolio emphasizes mission-critical growth capital for mission-driven enterprises navigating competitive markets. Hercules Capital, Inc. plays a vital role in the alternative lending sector by connecting venture-backed innovators with institutional capital, facilitating access to the venture ecosystem for public investors seeking exposure to private market opportunities. Founded in 2003 and headquartered in Palo Alto, California, it focuses on generating current income and long-term capital appreciation through its specialized lending strategy.