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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.49Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple record operational achievements (all-time originations, record investment income, strong NII, AUM growth, solid liquidity and tight credit metrics) which substantially outweigh the negatives (modest NAV decline driven by $45M of unrealized markdowns, higher leverage and rising expenses amid market volatility). Management emphasized defensive underwriting, strong cash coverage of distributions, and significant redeployment optionality from expected prepayments. While volatility and near-term valuation uncertainty are noted, the tone and metrics indicate robust performance and confidence in execution.Company Guidance
Record Originations and Fundings
All-time record originations of over $1.81 billion in Q1 2026; gross fundings of over $706 million leading to $298 million of net debt investment portfolio growth.
Record Investment Income and NII Growth
Record total investment income of $141.5 million (up 3% quarter-over-quarter and 18.4% year-over-year); core investment income $134.9 million (up 16.8% YoY); net investment income (NII) $88.1 million or $0.48 per share (up 1.3% Q/Q and 13.8% YoY).
Assets Under Management Expansion
Managing approximately $6.1 billion of assets, an increase of 21.8% year-over-year, supported by growth in both the public BDC and private credit funds business.
Strong Liquidity and Capital Access
Platform liquidity of over $1 billion (including funds managed by the RIA) and $454.5 million of available liquidity in the BDC; issued $300 million of 5.35% unsecured notes due 2029 and raised ~ $52 million via ATM in Q1.
Solid Credit Quality and Portfolio Metrics
Weighted average internal credit rating of 2.11 (stable vs. prior quarter); Grade 1 and 2 credits increased to 70.5% (from 66.6%); only one loan on nonaccrual representing ~0.2% of portfolio at cost; first-lien exposure ~89%.
Return Performance
Return on average equity (ROAE) of 16.9% in Q1 (up from 16.4% in Q4); ROAA of 8.1% and GAAP effective yield of 12.8% with core yield of 12.2% (guidance expects core yield relatively flat in Q2).
Prepayments and Redeployment Optionality
Early loan prepayments of $225.8 million in Q1; management expects Q2 prepayments materially higher in the range of $350 million to $500 million (driven largely by M&A), providing redeployment flexibility.
PIK Profile and Cash Collections
PIK declined to ~9.1% of total revenue from 10.5% in FY2025; ~91% of Q1 PIK was part of original underwriting (PIK by design) and 98% of PIK income came from loans rated 1–3; collected $15.3 million cash on accrued PIK in Q1.
Operational Scale and Team Expansion
Platform staffing of 120 employees with 65 investment/credit professionals and over 25 finance/accounting professionals; leadership expansion with internal promotion and a returning CFO, positioned to scale the platform.
Undistributed Earnings and Distribution Coverage
Undistributed earnings at quarter end of $149.1 million ($0.80 per ending share outstanding); NII covered base distribution by 120% and full distribution (including $0.07 supplemental) by 102% — 23rd consecutive quarter with a supplemental distribution.
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 |
|---|---|---|---|
May 05, 2026 | $16.08 | $15.95 | -0.78% |
Feb 12, 2026 | $15.61 | $14.65 | -6.15% |
Oct 30, 2025 | $16.10 | $16.41 | +1.88% |
Jul 31, 2025 | $16.76 | $17.11 | +2.08% |
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 Capital, Inc. (HTGC) report earnings?
Hercules Capital, Inc. (HTGC) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Hercules Capital, Inc. (HTGC) earnings time?
Hercules Capital, Inc. (HTGC) earnings time is at Jul 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 (Q2) is 0.49.