Hercules Capital, Inc.

HCXY

Hercules Capital, Inc. is a specialty finance company focused on providing senior secured loans to high-growth, innovative venture capital-backed and institutional-backed companies in a variety of technology and life sciences industries. We make investments in companies that are active across a variety of technology-related industry sub-sectors or are characterized by products or services that …

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$4.62B

EPS$1.88

P/E12.95

P/FCF-29.97

EV/EBITDA–

FCF Yield–

Div. Yield7.35%

Net Debt/FCF-16.3x

Hercules Capital, Inc. intrinsic value

52-Week Range

$23.98$25.60

Profitability & Returns

TTM as of 2026-09 · YoY vs prior year · ROIC = NOPAT / invested capital

Revenue

N/A

Net Income (TTM)

$357M

▲ +29.2% YoY

Op. Margin

–

ROIC

–

Cash Flow & Balance Sheet

FCF = operating cash flow + capex · Net debt = total debt − cash · Balance sheet from latest filing

FCF (TTM)

-$154M

▼ -258.5% YoY

Op. Cash Flow (TTM)

-$154M

▼ -260.6% YoY

Net Debt

$2.52B

Cash & Equiv.

$48M

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Quality Scorecard

Is this a high-quality business?

Dividends

Payout safety and growth

Intrinsic Value

What is it worth?

Financials

Full income, cash flow, balance sheet

Held by ETFs

HCXY is in 8 US ETFs. The largest of them, with HCXY's weight in each:

Hercules Capital (HCXY) in three numbers

Fair value (earnings): $24.23; Price $24.35 is at fair value.; Intrinsic Value
Dividend (TTM): $1.71; 7.35% yield, not raised in the latest year.; Dividends
P/E: 12.95; Price to free cash flow -29.97.; Financials

Questions about Hercules Capital

Is Hercules Capital (HCXY) overvalued?

At $24.35, Hercules Capital's price is at the $24.23 a share fair value that Intrinsiqq's calculator gets from its earnings. It trades at 12.95 times earnings. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.

What is Hercules Capital's fair value?

Intrinsiqq's calculator puts Hercules Capital's fair value at $24.23 a share. It grows earnings per share 0% a year for 5 years, applies an exit P/E of 15.2, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $18.18. Every input can be changed on the Intrinsic Value tab.

Does Hercules Capital (HCXY) pay a dividend, and how much?

Yes. Hercules Capital (HCXY) pays a dividend: $1.71 per share over the last twelve months, a dividend yield of 7.35% at the latest close. Its dividend per share has grown at 4.9% a year over the last 5 years. The payout takes about 95.0% of earnings. The Dividends tab has the full payment history and the safety score.

Source: 10-Q filed 22 Oct 2026 (period ending 30 Sept 2026), SEC. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

Spot a number that looks wrong? Check it in HCXY's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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