Hercules Capital (HTGC) Total Debt (2009 - 2026)
Hercules Capital's Total Debt came in at $2.55 billion for Q3 2026, up 18.6% from $2.15 billion a year earlier and up 9.2% from the prior quarter.
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Analysis
Hercules Capital (HTGC) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Hercules Capital's Total Debt was $2.29 billion, up 29.3% from FY2024.
- Total Debt carries a four-year compound annual growth rate of 16.6% (FY2021 to FY2025).
- Going back by year, Total Debt was $1.77 billion in FY2024 (+13.8%), $1.55 billion in FY2023 (-1.2%), $1.57 billion in FY2022 (+27.3%) and $1.24 billion in FY2021.
- The Q3 2026 figure represents the highest quarterly Total Debt in data going back to Q4 2021.
- Year-over-year, Total Debt has increased for 11 consecutive quarters, with growth averaging 19.7% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q4 2025 (growth of 29.3%), and the weakest in Q4 2023 (a decline of 1.2%).
- Business Quant data shows HTGC's Total Debt at $2.34 billion (Q2 2026), $2.54 billion (Q1 2026) and $2.29 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 8.59 Bn |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 35.62 Bn |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 38.77 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 4,169.25 Bn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 8.11 Bn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 2.90 Bn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 146.15 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 13.04 Bn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 38.38 Bn |
| 10 | Hercules Capital | 3.01 Bn | 2.66 Bn | - | 77.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 77.15 Mn |
| Jun 30, 2026 | 76.54 Mn |
| Mar 31, 2026 | 71.13 Mn |
| Dec 31, 2025 | 69.61 Mn |
| Sep 30, 2025 | 68.15 Mn |
| Jun 30, 2025 | 66.53 Mn |
| Mar 31, 2025 | 64.74 Mn |
| Dec 31, 2024 | 75.56 Mn |
| Sep 30, 2024 | 73.85 Mn |
| Jun 30, 2024 | 1.75 Bn |
| Mar 31, 2024 | 1.75 Bn |
| Dec 31, 2023 | 1.55 Bn |
| Sep 30, 2023 | 1.63 Bn |
| Jun 30, 2023 | 1.59 Bn |
| Mar 31, 2023 | 1.71 Bn |
| Dec 31, 2022 | 1.57 Bn |
| Sep 30, 2022 | 1.52 Bn |
| Jun 30, 2022 | 54.23 Mn |
| Mar 31, 2022 | 53.83 Mn |
| Dec 31, 2021 | 1.24 Bn |
API Access
Hercules Capital Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=HTGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "HTGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=HTGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();