Hercules Capital (HTGC) Net Investment Income (2009 - 2026)
Hercules Capital's Net Investment Income was $87.35 million in Q3 2026, down 1.4% from $88.55 million a year earlier and down 6.0% from the prior quarter.
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Analysis
Hercules Capital (HTGC) Net Investment Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Hercules Capital's Net Investment Income was $355.35 million through Sep 30, 2026, up 5.8% year-over-year; for FY2025, it was $341.72 million, up 4.9% from FY2024.
- Net Investment Income has now increased for four consecutive years, with a five-year compound annual growth rate of 16.8% (FY2020 to FY2025).
- In earlier years, Net Investment Income was $325.83 million in FY2024 (+7.2%), $304.04 million in FY2023 (+61.7%), $188.07 million in FY2022 (+25.4%) and $149.97 million in FY2021 (-4.6%).
- Quarterly Net Investment Income has moved between $35.79 million (Q1 2022) and $92.92 million (Q2 2026) over five years.
- Compared with a year earlier, Net Investment Income was higher in five of the last eight quarters, with growth averaging 3.8%.
- The best year-over-year quarter for Net Investment Income over five years was Q2 2023 (growth of 88.6%); the worst was Q4 2024 (a decline of 5.7%).
- Per Business Quant data, HTGC's Net Investment Income in the three quarters before Q3 2026 was $92.92 million (Q2 2026), $88.11 million (Q1 2026) and $86.98 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NII (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 | 1.86 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 | - | 328.00 Mn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Hercules Capital | 3.01 Bn | 2.66 Bn | - | 87.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 87.35 Mn |
| Jun 30, 2026 | 92.92 Mn |
| Mar 31, 2026 | 88.11 Mn |
| Dec 31, 2025 | 86.98 Mn |
| Sep 30, 2025 | 88.55 Mn |
| Jun 30, 2025 | 88.73 Mn |
| Mar 31, 2025 | 77.46 Mn |
| Dec 31, 2024 | 81.15 Mn |
| Sep 30, 2024 | 83.16 Mn |
| Jun 30, 2024 | 82.36 Mn |
| Mar 31, 2024 | 79.16 Mn |
| Dec 31, 2023 | 86.04 Mn |
| Sep 30, 2023 | 76.79 Mn |
| Jun 30, 2023 | 75.70 Mn |
| Mar 31, 2023 | 65.50 Mn |
| Dec 31, 2022 | 62.15 Mn |
| Sep 30, 2022 | 50.00 Mn |
| Jun 30, 2022 | 40.13 Mn |
| Mar 31, 2022 | 35.79 Mn |
| Dec 31, 2021 | 40.36 Mn |
API Access
Hercules Capital Net Investment Income 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=net-investment-income&ticker=HTGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-investment-income", "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=net-investment-income&ticker=HTGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();