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Hercules Capital (HTGC) Operating Expenses (2021 - 2025)

Hercules Capital's Operating Expenses history spans 5 years, with the latest figure at $43.7 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 7.59% year-over-year to $43.7 million; the TTM value through Dec 2025 reached $190.8 million, up 13.72%, while the annual FY2025 figure was $190.8 million, 13.72% up from the prior year.
  • Operating Expenses for Q4 2025 was $43.7 million at Hercules Capital, down from $49.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $52.2 million in Q2 2025 and bottomed at $28.6 million in Q4 2021.
  • The 5-year median for Operating Expenses is $42.4 million (2023), against an average of $41.0 million.
  • The largest annual shift saw Operating Expenses skyrocketed 61.89% in 2022 before it dropped 11.0% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $28.6 million in 2021, then surged by 61.89% to $46.4 million in 2022, then fell by 1.51% to $45.7 million in 2023, then fell by 11.0% to $40.6 million in 2024, then increased by 7.59% to $43.7 million in 2025.
  • Per Business Quant, the three most recent readings for HTGC's Operating Expenses are $43.7 million (Q4 2025), $49.5 million (Q3 2025), and $52.2 million (Q2 2025).