| Cash Flow | 2025-09-30 |
|---|---|
| Net increase (decrease) in net assets resulting from operations | 248,909 |
| Purchases of investments | 1,344,789 |
| Fundings assigned to adviser funds | 0 |
| Principal and fee repayments received | 678,999 |
| Proceeds from the sale of debt investments | 67,521 |
| Proceeds from the sale of equity and warrant investments | 6,130 |
| Net change in unrealized (appreciation) depreciation | 55,214 |
| Net realized (gain) loss | -60,929 |
| Payments of derivative instruments | 1,551 |
| Accretion of paid-in-kind interest | 41,583 |
| Accretion of loan discounts | 5,408 |
| Accretion of loan discounts on convertible notes | -690 |
| Loss on extinguishment of debt | -120 |
| Accretion of loan exit fees | 23,770 |
| Change in loan income, net of collections | 23,763 |
| Unearned fees related to unfunded commitments | 524 |
| Amortization of debt fees and issuance costs | 6,242 |
| Depreciation and amortization | 254 |
| Stock-based compensation and amortization of restricted stock grants | 11,061 |
| Interest receivable | 4,383 |
| Other assets | -5,662 |
| Accrued liabilities | -4,299 |
| Net cash (used in) operating activities | -370,193 |
| Purchases of capital equipment | 56 |
| Net cash (used in) investing activities | -56 |
| Issuance of common stock | 190,913 |
| Offering expenses | 2,074 |
| Retirement of employee shares, net | 5,469 |
| Distributions paid | 243,056 |
| Issuance of debt | 1,664,362 |
| Repayment of debt | 1,285,836 |
| Debt issuance costs | 11,076 |
| Fees paid for credit facilities | 3,445 |
| Net cash provided by financing activities | 304,319 |
| Net increase (decrease) in cash, cash equivalents, foreign cash and restricted cash | -65,930 |
| Cash and cash equivalents at beginning of period | 116,421 |
| Cash and cash equivalents at end of period | 50,491 |
Hercules Capital, Inc. (HTGC)
Hercules Capital, Inc. (HTGC)