Hercules Capital (HCXY) Free Cash Flow (2021 - 2026)

Hercules Capital's Free Cash Flow history runs 6 years deep, the most recent figure standing at -$230.7 million for Q1 2026.

• In Q1 2026, Free Cash Flow fell 3.8% year-over-year to -$230.7 million; the TTM figure through Mar 2026 stood at -$434.3 million (down 335.14% YoY), while the FY2025 annual figure was -$425.9 million, down 258.51% from the prior year.
• Free Cash Flow came in at -$230.7 million for Q1 2026 at Hercules Capital, down from -$55.6 million in the prior quarter.
• In the past five years, Free Cash Flow ranged from a high of $133.4 million in Q2 2023 to a low of -$241.2 million in Q1 2024.
• A 5-year average of -$66.6 million and a median of -$64.9 million in 2022 frame the typical range for Free Cash Flow.
• Across the five-year window, Free Cash Flow jumped 300.75% in 2023 and slumped 345.02% in 2025, its largest moves.
• Hercules Capital's Free Cash Flow stood at -$64.9 million in 2022, then jumped by 300.75% to $130.4 million in 2023, then slumped by 122.43% to -$29.2 million in 2024, then tumbled by 90.23% to -$55.6 million in 2025, then slumped by 314.54% to -$230.7 million in 2026.
• According to Business Quant data, Free Cash Flow over the past three periods registered -$230.7 million, -$55.6 million, and -$3.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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