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

Hercules Capital has disclosed Operating Expenses across 6 years of filings, most recently posting $61.1 million for Q2 2026.

• In Q2 2026, Operating Expenses rose 17.11% year-over-year to $61.1 million; the TTM figure through Jun 2026 stood at $227.7 million (up 22.87% YoY), while the FY2025 annual figure was $206.0 million, up 15.39% from the prior year.
• Operating Expenses came in at $61.1 million for Q2 2026 at Hercules Capital, up from $58.1 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $61.1 million in Q2 2026 to a low of $30.8 million in Q1 2022.
• Average Operating Expenses over 5 years is $45.1 million, with a median of $43.9 million recorded in 2024.
• The largest YoY upside for Operating Expenses was 37.37% in 2023 against a maximum downside of 4.68% in 2023.
• Over 5 years, Operating Expenses stood at $40.0 million in 2022, then fell by 4.68% to $38.2 million in 2023, then increased by 13.95% to $43.5 million in 2024, then climbed by 26.29% to $54.9 million in 2025, then increased by 11.29% to $61.1 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $61.1 million in Q2 2026, $58.1 million in Q1 2026, and $54.9 million in Q4 2025.