Hercules Capital, Inc (HTGC) Fair Value & Analysis
Financial Services · US · Market cap $3.0B
Hercules Capital, Inc
HTGC · US
Fair value as of: Jul 11, 2026
From 17 valuation models · updated today
Share price +3.3% over the past month.
Price vs Fair Value (12 months)
12‑month range $13.48 – $17.91 · fair‑value band $12.44 – $20.73 · the $16.01 price screens below the $16.58 fair value. As of Jul 11, 2026.
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Hercules Capital, Inc (HTGC) currently trades at $16.01, while our model-based Fair Value estimate is $16.58 — implying the stock looks roughly 3.6% undervalued today. We read business quality at 49/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Hercules Capital, Inc generated revenue of $555M at a net margin of 59.9%. Revenue grew 18.4% year over year. It earns a return on equity of 15.7%. Net debt stands at $2.2B. Fundamentals as of Jul 11, 2026
Our scenario range runs from $12.44 (bear case) to $20.73 (bull case); at $16.01, the current price sits within that range. The share trades about 11% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 53% fair-value upside — at 4%, HTGC screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 11, 2026. TTM = trailing twelve months.
About the company
Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hercules Capital, Inc reported revenue of $547M in FY2025 versus $310M in FY2021, a compound +15.3%/yr. Reported net income was $340M in FY2025, compounding +18.2%/yr from FY2021.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.