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

Hercules Capital has disclosed Free Cash Flow across 6 years of filings, most recently posting -$230.7 million for Q1 2026.

• Free Cash Flow for Q1 2026 came in at -$230.7 million, down 3.8% year-over-year; the trailing twelve-month figure through Mar 2026 was -$434.3 million (down 335.14% YoY), and the FY2025 annual result 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.
• The 5-year median for Free Cash Flow is -$64.9 million (2022), against an average of -$66.6 million.
• Across the five-year window, Free Cash Flow soared 300.75% in 2023 and tumbled 345.02% in 2025, its largest moves.
• Hercules Capital's Free Cash Flow stood at -$64.9 million in 2022, then soared by 300.75% to $130.4 million in 2023, then tumbled by 122.43% to -$29.2 million in 2024, then plunged by 90.23% to -$55.6 million in 2025, then tumbled by 314.54% to -$230.7 million in 2026.
• The last three Free Cash Flow figures came in at -$230.7 million (Q1 2026), -$55.6 million (Q4 2025), and -$3.2 million (Q3 2025), per Business Quant data.