---
schema_version: "secwatch.filing_event.v1"
accession: "0001280784-26-000028"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:15:17.546598+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hercules Q1 NII $0.48/sh, commitments $1.81B (+78% YoY); declares $0.47/sh dividend

## Summary
- Record Q1 total investment income $141.5M (+18.4% YoY); NII $88.1M ($0.48/sh), covering 120% of base dividend.
- Total new debt/equity commitments $1.81B (+77.8% YoY); fundings $706.4M (+31% YoY).
- NAV per share $11.90 (-1.9% from Q4); net regulatory leverage 97.8%; GAAP effective yield 12.8%.
- Declared Q1 2026 cash distribution $0.47/sh ($0.40 base + $0.07 supplemental), payable May 21.
- Issued $300M 5.350% unsecured notes due 2029; available liquidity $454.5M.

## SEC filing metadata
- accession: 0001280784-26-000028
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2026-05-05T23:59:59+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/1280784/000128078426000028/0001280784-26-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000128078426000028/htgc-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280784-26-000028
- JSON: https://secwatch.observer/filing/0001280784-26-000028.json
- Plain text: https://secwatch.observer/filing/0001280784-26-000028.txt

## Source-grounded claims
- claim_id: 1bb0629d9f1fdeaa0b38c445e514049cc37257f7
  claim: Hercules Capital, Inc. reported first quarter ended March 31, 2026 results: revenue $141.5 million, net income $88.1 million, EPS $0.48 per share.
  evidence_excerpt: Record Q1 2026 Total Investment Income of $141.5 Million, and Increase of 18.4% Year-over-Year Q1 2026 Net Investment Income "NII" of $88.1 Million, an Increase of 13.8% Year-over-Year Q1 2026 NII of $0.48 per Share provides 120% Coverage of the Base Cash Distribution
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000128078426000028/0001280784-26-000028-index.htm

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