---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-269398"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:29:52.585934+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hercules Capital Q3 record total investment income $116.7M, NII $0.52/share, declares $0.48 dividend

## Summary
- Record total investment income $116.7M (+38.6% YoY); record NII $76.8M ($0.52/share) (+53.6% YoY).
- Year-to-date gross fundings $1.29B (+17.7% YoY); early loan repayments $148M, down 50.2% from Q2.
- NAV per share $10.93 (-0.3% QoQ); GAAP leverage 99.8%; net debt investment portfolio grew $194.6M.
- Non-accrual loans increased to 2.66% of total investments at cost (from 0.4% in Q2).
- Board declared Q3 total cash distribution of $0.48/share ($0.40 base + $0.08 supplemental), payable Nov 22.

## SEC filing metadata
- accession: 0001193125-23-269398
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000119312523269398/0001193125-23-269398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312523269398/d496645d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-269398
- JSON: https://secwatch.observer/filing/0001193125-23-269398.json
- Plain text: https://secwatch.observer/filing/0001193125-23-269398.txt

## Key facts
- Earnings Releases
  Hercules Capital, Inc. reported the third quarter ended September 30, 2023 results: revenue $116.7 million, net income $76.8 million, or $0.52 per share, EPS $0.52 per share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $116.7 million
  - Net income: $76.8 million, or $0.52 per share
  - EPS: $0.52 per share
  - Result: reported results
  source text: Hercules Capital Reports Third Quarter 2023 Financial Results Record Q3 2023 Total Investment Income of $116.7 Million, an Increase of 38.6% Year-over-Year Record Q3 2023 Net Investment Income “NII” of $76.8 Million, or $0.52 per Share, an Increase of 53.6% Year-over-Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523269398/0001193125-23-269398-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.