Hercules Capital (HTGC) Operating Expenses (2021 - 2026)

Hercules Capital (HTGC) has 6 years of Operating Expenses data on file, last reported at $53.4 million in Q1 2026.

• Quarterly Operating Expenses rose 17.84% year-over-year to $53.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $214.1 million (up 21.81% YoY) and the FY2025 annual result came in at $206.0 million, up 22.81% from the prior year.
• Operating Expenses declined to $53.4 million in Q1 2026 per HTGC's latest filing, from $54.9 million in the prior quarter.
• The five-year high for Operating Expenses was $54.9 million in Q4 2025, with the low at $30.8 million in Q1 2022.
• Average Operating Expenses over 5 years is $43.3 million, with a median of $42.4 million recorded in 2024.
• Year-over-year, Operating Expenses soared 44.02% in 2023 and dropped 11.0% in 2024.
• Hercules Capital's Operating Expenses stood at $31.7 million in 2022, then soared by 44.02% to $45.7 million in 2023, then decreased by 11.0% to $40.6 million in 2024, then soared by 35.11% to $54.9 million in 2025, then retreated by 2.69% to $53.4 million in 2026.
• Business Quant data shows HTGC's Operating Expenses at $53.4 million in Q1 2026, $54.9 million in Q4 2025, and $53.6 million in Q3 2025.