---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-129411"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:02:13.013873+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hercules Capital Q1 NII $0.50/sh (+20.9% YoY); record commitments $956M; dividend $0.48

## Summary
- Record Q1 gross commitments $956.0M (+81.7% YoY) and fundings $605.2M (+27.1% YoY).
- Total investment income $121.6M (+15.7% YoY); NII $79.2M ($0.50/sh, +20.9% YoY), covering 125% of base distribution.
- NAV per share $11.63 (+1.7% QoQ); net GAAP leverage 91.0%; non-accruals at 1.2% of cost (2 loans).
- Early repayments $161.1M (-42% from Q4); core yield 14.0%; undistributed spillover $142.7M.
- Board declared Q1 total cash distribution $0.48/sh ($0.40 base + $0.08 supplemental), payable May 21.

## SEC filing metadata
- accession: 0001193125-24-129411
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000119312524129411/0001193125-24-129411-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312524129411/d802560d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-129411
- JSON: https://secwatch.observer/filing/0001193125-24-129411.json
- Plain text: https://secwatch.observer/filing/0001193125-24-129411.txt

## Key facts
- Earnings Releases
  Hercules Capital, Inc. reported the quarter ended March 31, 2024 results: revenue $121.6 million, net income $79.2 million, EPS $0.50 per share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $121.6 million
  - Net income: $79.2 million
  - EPS: $0.50 per share
  - Result: reported results
  source text: Hercules Capital Reports First Quarter 2024 Financial Results Record Q1 2024 Total Gross Debt and Equity Commitments of $956.0 Million, an Increase of 81.7% Year-over-Year Record Q1 2024 Total Gross Fundings of $605.2 Million, an Increase of 27.1% Year-over-Year Q1 2024 Total Investment Income of $121.6 Million, an Increase of 15.7% Year-over-Year Q1 2024 Net Investment Income “NII” of $79.2 Million, or $0.50 per Share, an Increase of 20.9% Year-over-Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312524129411/0001193125-24-129411-index.htm

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