Mar 31

Hercules Capital Q1 2025 Earnings Report

Hercules Capital Reports First Quarter 2025 Financial Results

Key Takeaways

Hercules Capital reported strong first quarter 2025 results, with significant gross debt and equity commitments and fundings. The company achieved solid net investment income per share, providing healthy coverage of its base cash distribution. Key highlights include an investment grade rating upgrade and a successful convertible note offering.

Total Gross Debt and Equity Commitments reached $1.02 billion in Q1 2025.

Total Gross Fundings for Q1 2025 were $539.1 million.

Net Investment Income was $77.5 million, or $0.45 per share.

Received an Investment Grade Rating Upgrade to BBB (high) from Morningstar DBRS.

Total Revenue
$120M
Previous year: $130M
-7.9%
EPS
$0.45
Previous year: $0.5
-10.0%
Gross Fundings
$539M
Previous year: $605M
-10.9%
Available Liquidity
$1B
Previous year: $498M
+100.8%
Net GAAP Leverage
97.4%
Previous year: 91%
+7.0%

Hercules Capital

Hercules Capital

Forward Guidance

The report does not contain explicit forward guidance information.