Sector: Financials | Industry: Investment Management & Fund Operators |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1 NORTH B STREET, SUITE 2000 SAN MATEO CA 94401 |
Tel: | 1-650-4335578 |
Website: | https://www.htgc.com |
IR: | See website |
Key People | ||
Scott Bluestein President, Chief Executive Officer, Chief Investment Officer, Director | Seth H. Meyer Chief Financial Officer | Christian Follmann Chief Operating Officer | Kiersten Zaza Botelho Chief Compliance Officer, General Counsel, Secretary |
Business Overview |
Hercules Capital, Inc. is a specialty finance company. The Company is focused on providing financing solutions to venture capital-backed and institutional-backed companies in a variety of technology, life sciences and sustainable and renewable technology industries. It is structured as an internally managed, non-diversified, closed-end investment company. Its business objectives are to increase its net income, net investment income, and net asset value (NAV) through its investments in primarily Structured Debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology related industries at attractive yields. It invests in a range of companies active in the technology industry sub-sectors characterized by products or services that require advanced technologies, including, computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure and others. |
Financial Overview |
For the fiscal year ended 31 December 2023, Hercules Capital Inc revenues increased 43% to $460.7M. Net income applicable to common stockholders increased from $99.9M to $334.1M. Revenues reflect Interest Income - Investment increase of 43% to $429.8M, Non Control/Non Affiliate investments(1) increase of 82% to $26.1M, Fees-Affiliate investments increase of 40% to $95K. |
Employees: | 100 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $4,416M as of Dec 31, 2023 |
Annual revenue (TTM): | $460.67M as of Dec 31, 2023 |
EBITDA (TTM): | $304.23M as of Dec 31, 2023 |
Net annual income (TTM): | $334.14M as of Dec 31, 2023 |
Free cash flow (TTM): | -$206.29M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,456M as of Dec 31, 2023 |
Shares outstanding: | 158,379,784 as of Feb 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |