Hercules Capital (HTGC) Interest Expense (2009 - 2026)
Hercules Capital (HTGC) posted Interest Expense of $33.2 million for Q3 2026, up 22.1% from $27.19 million a year earlier and up 6.6% from the prior quarter.
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Analysis
Hercules Capital (HTGC) Interest Expense (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Interest Expense at Hercules Capital was $123.38 million, up 27.2% year-over-year; for FY2025, it was $103.19 million, up 20.0% from FY2024.
- Annual Interest Expense has increased for three consecutive years, with a five-year compound annual growth rate of 9.1% (FY2020 to FY2025).
- In prior years, Hercules Capital's Interest Expense was $85.96 million in FY2024 (+11.0%), $77.47 million in FY2023 (+24.2%), $62.35 million in FY2022 (-7.7%) and $67.52 million in FY2021 (+1.0%).
- The Q3 2026 figure stands as the highest quarterly Interest Expense in data going back to Q3 2021.
- On a year-over-year basis, Interest Expense has increased in each of the last 15 quarters, with growth averaging 21.6% over the last eight quarters.
- The strongest year-over-year quarter for Interest Expense in the past five years was Q4 2023, with growth of 91.7%; the weakest was Q4 2022, with a decline of 38.2%.
- According to Business Quant data, Interest Expense for the three prior quarters was $31.14 million (Q2 2026), $30.82 million (Q1 2026) and $28.22 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Hercules Capital | 3.01 Bn | 2.66 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.20 Mn |
| Jun 30, 2026 | 31.14 Mn |
| Mar 31, 2026 | 30.82 Mn |
| Dec 31, 2025 | 28.22 Mn |
| Sep 30, 2025 | 27.19 Mn |
| Jun 30, 2025 | 25.68 Mn |
| Mar 31, 2025 | 22.10 Mn |
| Dec 31, 2024 | 22.07 Mn |
| Sep 30, 2024 | 22.36 Mn |
| Jun 30, 2024 | 21.51 Mn |
| Mar 31, 2024 | 20.02 Mn |
| Dec 31, 2023 | 19.91 Mn |
| Sep 30, 2023 | 18.95 Mn |
| Jun 30, 2023 | 19.65 Mn |
| Mar 31, 2023 | 18.95 Mn |
| Dec 31, 2022 | 10.39 Mn |
| Sep 30, 2022 | 16.68 Mn |
| Jun 30, 2022 | 14.19 Mn |
| Mar 31, 2022 | 13.49 Mn |
| Dec 31, 2021 | 16.82 Mn |
API Access
Hercules Capital Interest Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense&ticker=HTGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense", "ticker": "HTGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense&ticker=HTGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();