Hercules Capital (HTGC) Invested Capital (2009 - 2026)
Hercules Capital (HTGC) posted Invested Capital of $4.88 billion for Q3 2026, up 12.3% from $4.34 billion a year earlier and up 5.8% from the prior quarter.
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Analysis
Hercules Capital (HTGC) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Hercules Capital's Invested Capital came in at $4.5 billion, up 19.8% from FY2024.
- Annual Invested Capital has increased for four consecutive years, with a four-year compound annual growth rate of 15.3% (FY2021 to FY2025).
- In prior years, Hercules Capital's Invested Capital was $3.76 billion in FY2024 (+11.9%), $3.36 billion in FY2023 (+12.8%), $2.98 billion in FY2022 (+16.9%) and $2.54 billion in FY2021.
- The Q3 2026 figure stands as the highest quarterly Invested Capital in data going back to Q4 2021.
- On a year-over-year basis, Invested Capital has increased in each of the last 13 quarters, with growth averaging 15.1% over the last eight quarters.
- The year-over-year growth in Invested Capital has ranged between 9.3% (Q3 2024) and 20.9% (Q3 2025) over the last five years.
- According to Business Quant data, Invested Capital for the three prior quarters was $4.61 billion (Q2 2026), $4.77 billion (Q1 2026) and $4.5 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 18.38 Bn |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 59.93 Bn |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 71.63 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 4,288.89 Bn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 24.66 Bn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 8.66 Bn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 7.92 Bn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 26.98 Bn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 54.27 Bn |
| 10 | Hercules Capital | 3.01 Bn | 2.66 Bn | - | 2.40 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.40 Bn |
| Jun 30, 2026 | 2.35 Bn |
| Mar 31, 2026 | 2.30 Bn |
| Dec 31, 2025 | 2.29 Bn |
| Sep 30, 2025 | 2.26 Bn |
| Jun 30, 2025 | 2.22 Bn |
| Mar 31, 2025 | 2.07 Bn |
| Dec 31, 2024 | 2.07 Bn |
| Sep 30, 2024 | 1.93 Bn |
| Jun 30, 2024 | 3.60 Bn |
| Mar 31, 2024 | 3.64 Bn |
| Dec 31, 2023 | 3.36 Bn |
| Sep 30, 2023 | 3.28 Bn |
| Jun 30, 2023 | 3.17 Bn |
| Mar 31, 2023 | 3.21 Bn |
| Dec 31, 2022 | 2.98 Bn |
| Sep 30, 2022 | 2.88 Bn |
| Jun 30, 2022 | 1.38 Bn |
| Mar 31, 2022 | -1.28 Bn |
| Dec 31, 2021 | 2.54 Bn |
API Access
Hercules Capital Invested Capital 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=invested-capital&ticker=HTGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=HTGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();