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

Hercules Capital (HTGC) has 6 years of Operating Margin data on file, last reported at 62.25% in Q1 2026.

• Quarterly Operating Margin fell 256.0% year-over-year to 62.25% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 63.55% (down 239.0% YoY) and the FY2025 annual result came in at 64.17%, down 184.0% from the prior year.
• Operating Margin fell to 62.25% in Q1 2026 per HTGC's latest filing, from 63.29% in the prior quarter.
• The five-year high for Operating Margin was 70.18% in Q4 2023, with the low at 54.92% in Q1 2022.
• Average Operating Margin over 5 years is 63.44%, with a median of 64.55% recorded in 2025.
• Year-over-year, Operating Margin surged 948 bps in 2023 and tumbled 355 bps in 2024.
• Hercules Capital's Operating Margin stood at 62.03% in 2022, then grew by 13 bps to 70.18% in 2023, then slipped by 5 bps to 66.63% in 2024, then slipped by 5 bps to 63.29% in 2025, then fell by 2 bps to 62.25% in 2026.
• Business Quant data shows HTGC's Operating Margin at 62.25% in Q1 2026, 63.29% in Q4 2025, and 64.12% in Q3 2025.