Hercules Capital (HTGC) Net Margin (2021 - 2026)

Hercules Capital (HTGC) has 6 years of Net Margin data on file, last reported at 41.67% in Q1 2026.

• Quarterly Net Margin fell 590.0% year-over-year to 41.67% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 44.34% (down 426.0% YoY) and the FY2025 annual result came in at 45.77%, down 343.0% from the prior year.
• Net Margin eased to 41.67% in Q1 2026 per HTGC's latest filing, from 43.29% in the prior quarter.
• The five-year high for Net Margin was 55.33% in Q4 2023, with the low at 33.13% in Q1 2022.
• Average Net Margin over 5 years is 45.46%, with a median of 47.09% recorded in 2025.
• Year-over-year, Net Margin soared 1519 bps in 2023 and sank 625 bps in 2024.
• Hercules Capital's Net Margin stood at 44.88% in 2022, then grew by 23 bps to 55.33% in 2023, then retreated by 11 bps to 49.08% in 2024, then decreased by 12 bps to 43.29% in 2025, then slipped by 4 bps to 41.67% in 2026.
• Business Quant data shows HTGC's Net Margin at 41.67% in Q1 2026, 43.29% in Q4 2025, and 45.38% in Q3 2025.