Hercules Capital (HCXY) Invested Capital (2021 - 2026)
Hercules Capital's (HCXY) quarterly Invested Capital came in at $4.6 billion in Q2 2026, up 9.35% year-over-year from $4.2 billion in Q2 2025, and down 3.28% quarter-over-quarter from $4.8 billion in Q1 2026.
Analysis
Hercules Capital (HCXY) Invested Capital (2021 - 2026) Analysis & Trends
Hercules Capital has disclosed Invested Capital across 6 years of filings, most recently posting $4.6 billion for Q2 2026.
- In Q2 2026, Invested Capital rose 9.35% year-over-year to $4.6 billion; the TTM figure through Jun 2026 stood at $4.6 billion (up 9.35% YoY), while the FY2025 annual figure was $4.5 billion, up 19.79% from the prior year.
- Invested Capital came in at $4.6 billion for Q2 2026 at Hercules Capital, down from $4.8 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $4.8 billion in Q1 2026 to a low of $2.9 billion in Q3 2022.
- Average Invested Capital over 5 years is $3.7 billion, with a median of $3.6 billion recorded in 2024.
- Year-over-year, Invested Capital rose 9.32% in 2024 and climbed 20.88% in 2025.
- Over 5 years, Invested Capital stood at $3.0 billion in 2022, then gained by 12.83% to $3.4 billion in 2023, then grew by 11.94% to $3.8 billion in 2024, then advanced by 19.79% to $4.5 billion in 2025, then rose by 2.38% to $4.6 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $4.6 billion in Q2 2026, $4.8 billion in Q1 2026, and $4.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 29.66 Bn |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 13.47 Bn |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 14.94 Bn |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 5.70 Bn |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 14.70 Bn |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 4.61 Bn |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | 11.59 Bn |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 8.24 Bn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | 1.65 Bn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 2.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.61 Bn |
| Mar 31, 2026 | 4.77 Bn |
| Dec 31, 2025 | 4.50 Bn |
| Sep 30, 2025 | 4.34 Bn |
| Jun 30, 2025 | 4.22 Bn |
| Mar 31, 2025 | 3.98 Bn |
| Dec 31, 2024 | 3.76 Bn |
| Sep 30, 2024 | 3.59 Bn |
| Jun 30, 2024 | 3.60 Bn |
| Mar 31, 2024 | 3.64 Bn |
| Dec 31, 2023 | 3.36 Bn |
| Sep 30, 2023 | 3.28 Bn |
| Jun 30, 2023 | 3.17 Bn |
| Mar 31, 2023 | 3.21 Bn |
| Dec 31, 2022 | 2.98 Bn |
| Sep 30, 2022 | 2.88 Bn |
| Dec 31, 2021 | 2.54 Bn |