Hercules Capital (HCXY) Operating Expenses (2021 - 2026)

Hercules Capital (HCXY) has 6 years of Operating Expenses data on file, last reported at $53.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 27.04% year-over-year to $53.4 million; the trailing twelve-month figure through Mar 2026 stood at $194.8 million (up 20.48% YoY), and the FY2025 full-year result was $190.8 million, up 13.72% from the prior year.
• Operating Expenses advanced to $53.4 million in Q1 2026, from $39.7 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $53.4 million in Q1 2026 to a low of $30.8 million in Q1 2022.
• A 5-year average of $40.9 million and a median of $40.5 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 39.77% in 2022 and slipped 10.57% in 2024, its largest moves.
• Tracing HCXY's Operating Expenses over 5 years: stood at $40.0 million in 2022, then decreased by 8.66% to $36.6 million in 2023, then fell by 10.57% to $32.7 million in 2024, then rose by 21.31% to $39.7 million in 2025, then soared by 34.71% to $53.4 million in 2026.
• Business Quant data shows HCXY's Operating Expenses at $53.4 million in Q1 2026, $39.7 million in Q4 2025, and $49.5 million in Q3 2025.