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Annual · values202520242023202220212020
Operating Cash Flow-425.80 M USD-118.09 M USD68.28 M USD-424.80 M USD128.62 M USD207.80 M USD
Depreciation & Amortization337000 USD466000 USD190000 USD204000 USD317000 USD415000 USD
Stock-Based Compensation14.79 M USD12.48 M USD11.93 M USD10.83 M USD10.38 M USD8.47 M USD
Capital Expenditures89000 USD705000 USD887000 USD114000 USD106000 USD137000 USD
Cash Flow from Investing-89000 USD-705000 USD-887000 USD-114000 USD-106000 USD-137000 USD
Cash Flow from Financing368.92 M USD119.20 M USD22.75 M USD314.52 M USD-229.87 M USD-85.04 M USD
Dividends Paid325.99 M USD303.48 M USD273.68 M USD245.12 M USD175.50 M USD152.42 M USD
Stock Buybacks6.49 M USD3.43 M USD12.70 M USD4.53 M USD2.82 M USD1.84 M USD
Free Cash Flow-425.89 M USD-118.79 M USD67.39 M USD-424.91 M USD128.51 M USD207.66 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.