Hercules Capital, Inc. HTGC NYSE

Hercules Capital, Inc. (HTGC) generated $-55.61M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $33K, free cash flow was $-55.64M.

Free cash flow margin was -35.3% of revenue. Cash conversion ratio was -0.61x, suggesting some earnings are non-cash.

The company returned $82.94M in dividends and $1.02M in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (70/100, Pass) — $-55.64M (-35.3% margin) supports a durable competitive advantage
• INCOME (100/100) — Cash conversion ratio was -0.61x suggests some earnings are non-cash items

Overall SharesGrow Score: 76/100 with 4/7 criteria passed.