Hercules Capital, Inc. (HTGC) Net Margin (2021 - 2026)

Hercules Capital has disclosed Net Margin across 6 years of filings, most recently posting 39.56% for Q2 2026.

• In Q2 2026, Net Margin fell 554.0% year-over-year to 39.56%; the TTM figure through Jun 2026 stood at 40.9% (down 532.0% YoY), while the FY2025 annual figure was 43.71%, down 371.0% from the prior year.
• Net Margin came in at 39.56% for Q2 2026 at Hercules Capital, down from 39.78% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 63.16% in Q3 2022 to a low of 33.13% in Q1 2022.
• Average Net Margin over 5 years is 45.94%, with a median of 46.04% recorded in 2023.
• Year-over-year, Net Margin soared 5729 bps in 2022 and sank 1523 bps in 2023.
• Over 5 years, Net Margin stood at 62.42% in 2022, then dropped by 15 bps to 53.27% in 2023, then declined by 11 bps to 47.38% in 2024, then fell by 13 bps to 41.21% in 2025, then decreased by 4 bps to 39.56% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 39.56% in Q2 2026, 39.78% in Q1 2026, and 41.21% in Q4 2025.