Education
About Us
Working with TipRanks
Follow Us
Hercules Technology Growth Capital (HTGC)
NYSE:HTGC
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.48Last Year’s EPS
0.45Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial story: multiple quarterly and annual records (originations, commitments, fundings, investment income, AUM), robust liquidity and capital actions ($300M note issuance), improved credit metrics, and continued shareholder distributions with solid coverage and spillover. Offsetting items include modest yield pressure from lower-than-expected prepayments, a rise in GAAP leverage as the balance sheet grows, some realized/unrealized markdowns and a still-elevated focus on monitoring PIK and sector-specific disruption (AI/software). Overall, the strength in origination momentum, platform growth, liquidity, and credit quality materially outweigh the headwinds mentioned.Company Guidance
Record Originations and Fundings
Q4 record originations of $1.06B and record annual originations of nearly $4.0B; record annual gross fundings of $2.28B, a 25.9% increase year-over-year.
Record New Debt and Equity Commitments
Record new debt and equity commitments of $3.92B in 2025, an increase of 45.7% year-over-year.
Strong Investment Income Growth
Record total investment income of $532.5M in 2025, up 7.9% year-over-year, and record net investment income of $341.7M, up 4.9% year-over-year.
Platform Scale Expansion
Platform-level assets under management exceeded $5.7B at year-end 2025, an increase of 20.5% year-over-year; Hercules now manages nearly $2.0B of committed capital in its private funds business.
Liquidity and Capital Strength
Over $1.0B of liquidity across the platform and approximately $525.5M available in the BDC at quarter-end; strengthened liquidity post-quarter with a $300M institutional unsecured note issuance at 5.35%.
Dividend Coverage and Supplemental Distribution
Q4 net investment income covered the base quarterly distribution of $0.40 by 120% and covered the full distribution (including $0.07 quarterly supplemental) by 102%; declared a 2026 supplemental distribution of $0.28 ($0.07 per quarter), resulting in $0.47 total per quarter.
Stable Core Yields and Core Income
Core GAAP-adjusted yield (core yield) remained steady at 12.5% (consistent with Q3); record quarterly core investment income of $133.3M and eleventh consecutive quarter with quarterly core income over $100M.
Net Debt Portfolio Growth and Portfolio Diversification
Net debt portfolio growth of approximately $748.5M in 2025; portfolio diversified across ~127 companies with ~50% life sciences and ~50% technology exposure and no single subsector exceeding 25% of the portfolio.
Improved Credit Metrics and Low Non-Accruals
Weighted average internal credit rating improved to 2.2 (from 2.27); grade 1 & 2 credits increased to 66.6% (from 64.5%); rated 4 credits decreased to 1.7% (lowest since 2022); only one loan on non-accrual (investment cost ~$10.7M, fair value ~$6.3M).
NAV Improvement and Realized Gains
NAV per share increased to $12.13 (0.7% quarter-over-quarter and +4% for 2025, highest year-end NAV since 2007); generated $20.3M of net realized gains in Q4.
HTGC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HTGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $16.60 | $15.58 | -6.14% |
Oct 30, 2025 | $17.13 | $17.45 | +1.87% |
Jul 31, 2025 | $17.83 | $18.20 | +2.08% |
May 01, 2025 | $16.48 | $16.33 | -0.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hercules Technology Growth Capital (HTGC) report earnings?
Hercules Technology Growth Capital (HTGC) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Hercules Technology Growth Capital (HTGC) earnings time?
Hercules Technology Growth Capital (HTGC) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HTGC EPS forecast?
HTGC EPS forecast for the fiscal quarter 2026 (Q1) is 0.48.