Hercules Capital, Inc. reported second-quarter 2026 results with higher investment income and earnings versus the year‑ago quarter, driven by portfolio growth and increased fee income.
Financial Highlights
- Revenue: $149.1M total investment income for Q2 2026, up from $137.5M in the year‑ago quarter (8.5% YoY).
- Net income: $130.2M net increase in net assets resulting from operations for Q2 2026, vs. $78.9M in the year‑ago quarter (65.1% YoY).
- Diluted EPS: $0.67 diluted EPS for Q2 2026, vs. $0.43 in the year‑ago quarter (55.8% YoY).
Business Highlights
- Portfolio Growth: Total investment portfolio rose to $4.58B as of June 30, 2026, reflecting increased originations and fundings year‑to‑date.
- Origination Activity: Net investment commitments increased to $2.075B for the six months ended June 30, 2026, driven by both new and follow‑on debt deals.
- Revenue Momentum: Investment income grew year over year, supported by higher principal outstanding and fee recognition.
- Portfolio Composition Shift: Continued emphasis on structured debt with floating‑rate loans (97.8%) and expanding equity/warrant positions for upside potential.
- Operational Positioning: Adviser subsidiary assets under management and activity increased (total AUM approximately $6.08B), supporting fee income and advisory fund resource allocation.
Original SEC Filing:
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