| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations | 42,502 | 90,828 | 119,685 | 129,224 |
| Payments of derivative instruments | NaN | NaN | 0 | 1,551 |
| Purchases of investments | 529,318 | 351,184 | 372,368 | 972,421 |
| Funding assigned to adviser funds | -2,500 | 0 | 0 | 0 |
| Principal and fee repayments received | 227,485 | 169,192 | 264,563 | 414,436 |
| Proceeds from the sale of debt investments | 7,500 | 7,000 | 20,021 | 47,500 |
| Proceeds from the sale of equity and warrant investments | 2,907 | 40,248 | 5,201 | 929 |
| Net change in unrealized (appreciation) depreciation | -45,005 | -16,402 | 32,989 | 22,225 |
| Net realized (gain) loss | -603 | 20,318 | -1,772 | -59,157 |
| Payments for derivative instruments | NaN | 1,551 | NaN | NaN |
| Accretion of paid-in-kind interest | 12,914 | 14,340 | 14,475 | 27,108 |
| Accretion of loan discounts | 1,771 | 1,764 | 1,765 | 3,643 |
| Accretion of loan discounts on convertible notes | -311 | -310 | -311 | -379 |
| Loss on extinguishment of debt | 0 | -64 | -84 | -36 |
| Accretion of loan exit fees | 10,194 | 9,339 | 8,489 | 15,281 |
| Change in loan income, net of collections | 11,308 | 3,789 | 7,889 | 15,874 |
| Unearned fees related to unfunded commitments | 1,113 | -1,489 | 1,107 | -583 |
| Amortization of debt fees and issuance costs | 2,487 | 2,261 | 2,288 | 3,954 |
| Depreciation and amortization | 85 | 83 | 84 | 170 |
| Stock-based compensation and amortization of restricted stock grants | 4,185 | 3,730 | 3,726 | 7,335 |
| Interest receivable | 3,094 | 954 | 1,432 | 2,951 |
| Other assets | 631 | 2,469 | -1,122 | -4,540 |
| Accrued liabilities | -20,702 | 12,342 | 492 | -4,791 |
| Net cash provided by (used in) operating activities | -230,633 | -55,608 | -3,173 | -367,020 |
| Purchases of capital equipment | 19 | 33 | 29 | 27 |
| Net cash provided by (used in) investing activities | -19 | -33 | -29 | -27 |
| Issuance of common stock | 52,893 | 15,876 | 0 | 190,913 |
| Offering expenses | 857 | 289 | 12 | 2,062 |
| Retirement of employee shares, net | 3,366 | 1,021 | 974 | 4,495 |
| Distributions paid | 84,415 | 82,936 | 83,635 | 159,421 |
| Issuance of debt | 729,816 | 332,000 | 163,000 | 1,501,362 |
| Repayment of debt | 474,125 | 199,003 | 77,946 | 1,207,890 |
| Debt issuance costs | 3,822 | -63 | 36 | 11,040 |
| Fees paid for credit facilities | 0 | 86 | 0 | 3,445 |
| Net cash provided by (used in) financing activities | 216,124 | 64,604 | 397 | 303,922 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -14,528 | 8,963 | -2,805 | -63,125 |
| Cash, cash equivalents and restricted cash at beginning of period | 59,454 | 50,491 | 116,421 | NaN |
| Cash, cash equivalents and restricted cash at end of period | 44,926 | 59,454 | 50,491 | NaN |
Hercules Capital, Inc. (HCXY)
Hercules Capital, Inc. (HCXY)