---
schema_version: "secwatch.filing_event.v1"
accession: "0001280784-25-000033"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:11:42.434653+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hercules Capital Q2 NII $0.50/share (+7.7% YoY); record commitments $1B, dividend $0.47

## Summary
- Record Q2 total investment income $137.5M (+10% YoY); NII $88.7M ($0.50/share), 125% coverage of base distribution.
- Record gross commitments $1.0B (+45.7% YoY); record gross fundings $709.1M (+53.7%).
- NAV $11.84 (+2.5% from Q1); GAAP leverage 97.4%, net regulatory leverage 78.7%.
- Closed $350M of 6.000% notes due 2030; increased MUFG facility to $440M.
- Declared Q2 cash distribution $0.47/share ($0.40 base + $0.07 supplemental), payable Aug 19.

## SEC filing metadata
- accession: 0001280784-25-000033
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2025-07-31T23:59:59+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/1280784/000128078425000033/0001280784-25-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000128078425000033/htgc-20250729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280784-25-000033
- JSON: https://secwatch.observer/filing/0001280784-25-000033.json
- Plain text: https://secwatch.observer/filing/0001280784-25-000033.txt

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