Hercules Capital (HCXY) Operating Expenses (2021 - 2025)

Hercules Capital (HCXY) has disclosed Operating Expenses for 5 consecutive years, with $50.5 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses fell 1.87% to $50.5 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $194.1 million through Dec 2025, up 6.98% year-over-year, with the annual reading at $190.8 million for FY2025, 6.85% up from the prior year.
  • Operating Expenses hit $50.5 million in Q4 2025 for Hercules Capital, up from $49.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $51.4 million in Q4 2024 to a low of $28.6 million in Q4 2021.
  • Historically, Operating Expenses has averaged $40.7 million across 5 years, with a median of $41.0 million in 2023.
  • Biggest five-year swings in Operating Expenses: soared 34.77% in 2024 and later fell 1.87% in 2025.
  • Year by year, Operating Expenses stood at $28.6 million in 2021, then rose by 10.71% to $31.7 million in 2022, then rose by 20.33% to $38.2 million in 2023, then skyrocketed by 34.77% to $51.4 million in 2024, then dropped by 1.87% to $50.5 million in 2025.
  • Business Quant data shows Operating Expenses for HCXY at $50.5 million in Q4 2025, $49.5 million in Q3 2025, and $48.7 million in Q2 2025.