For the year ending 2025-12-31, HCXY had -$56,967K decrease in cash & cash equivalents over the period. -$425,890K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net increase (decrease) in net assets resulting from operations | 339,737 |
| Purchases of investments | 1,695,973 |
| Fundings assigned to adviser funds | 0 |
| Principal and fee repayments received | 848,191 |
| Proceeds from the sale of debt investments | 74,521 |
| Proceeds from the sale of equity and warrant investments | 46,378 |
| Net change in unrealized (appreciation) depreciation | 38,812 |
| Net realized (gain) loss | -40,611 |
| Payments for derivative instruments | 1,551 |
| Accretion of paid-in-kind interest | 55,923 |
| Accretion of loan discounts | 7,172 |
| Accretion of loan discount on convertible notes | -1,000 |
| Loss on extinguishment of debt | -184 |
| Accretion of loan exit fees | 33,109 |
| Change in loan income, net of collections | 27,552 |
| Unearned fees related to unfunded commitments | -965 |
| Amortization of debt fees and issuance costs | 8,503 |
| Depreciation and amortization | 337 |
| Stock-based compensation and amortization of restricted stock grants | 14,791 |
| Interest receivable | 5,337 |
| Other assets | -3,193 |
| Accrued liabilities | 8,043 |
| Net cash provided by (used in) operating activities | -425,801 |
| Purchases of capital equipment | 89 |
| Net cash provided by (used in) investing activities | -89 |
| Issuance of common stock | 206,789 |
| Offering expenses | 2,363 |
| Retirement of employee shares, net | 6,490 |
| Distributions paid | 325,992 |
| Issuance of debt | 1,996,362 |
| Repayment of debt | 1,484,839 |
| Debt issuance costs | 11,013 |
| Fees paid for credit facilities | 3,531 |
| Net cash provided by (used in) financing activities | 368,923 |
| Net increase (decrease) in cash, cash equivalents, foreign cash and restricted cash | -56,967 |
| Cash and cash equivalents at beginning of period | 116,421 |
| Cash and cash equivalents at end of period | 59,454 |
Hercules Capital, Inc. (HCXY)
Hercules Capital, Inc. (HCXY)