---
schema_version: "secwatch.filing_event.v1"
accession: "0001280784-25-000008"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T22:06:34.155017+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hercules Capital reports record full-year NII $325.8M, supplemental dividend $0.28/share

## Summary
- Q4 NII $81.1M ($0.49/share) covers 123% of base distribution; NAV up 2.3% to $11.66.
- Record FY2024 total investment income $493.6M (+7.1% YoY); gross fundings $1.81B (+13.0% YoY).
- New supplemental dividend program for 2025: $0.28/share payable over four quarters.
- Non-accrual loans fell to 1 loan (0.5% of portfolio at fair value) from 2 in prior quarter.
- Net GAAP leverage 89.6%; available liquidity $658.8M; $578.5M pending commitments.

## SEC filing metadata
- accession: 0001280784-25-000008
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000128078425000008/0001280784-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000128078425000008/htgc-20250211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280784-25-000008
- JSON: https://secwatch.observer/filing/0001280784-25-000008.json
- Plain text: https://secwatch.observer/filing/0001280784-25-000008.txt

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