Sep 30, 2021

Hercules Capital Q3 2021 Earnings Report

Reported record total gross debt and equity commitments and gross fundings. Increased the quarterly base cash distribution and declared supplemental distribution.

Key Takeaways

Hercules Capital reported a net investment income of $38.1 million, or $0.33 per share, and total investment income of $70.2 million. The company achieved record total gross new debt and equity commitments of $719.6 million and record total gross fundings of $431.1 million.

Net Investment Income (NII) of $38.1 million, or $0.33 per share.

Total Investment Income of $70.2 million.

Record total gross new debt and equity commitments of $719.6 million.

Record total gross fundings of $431.1 million.

Total Revenue
$70.2M
Previous year: $70.3M
-0.2%
EPS
$0.33
Previous year: $0.34
-2.9%
Gross Fundings
$431M
Previous year: $266M
+62.4%
Available Liquidity
$818M
Previous year: $465M
+76.0%
GAAP Leverage
106.4%
Previous year: 111.4%
-4.5%
Cash and Equivalents
$236M
Previous year: $27.6M
+754.5%

Hercules Capital

Hercules Capital

Forward Guidance

Hercules Capital is well-positioned heading into Q4, allowing the company to remain focused on delivering strong total shareholder returns.