Hercules Capital Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

February 19, 2025

Hercules Capital (NYSE:HTGC) Full Year 2024 Results

Key Financial Results

Revenue: US$493.6m (up 7.1% from FY 2023).
Net income: US$260.1m (down 22% from FY 2023).
Profit margin: 53% (down from 73% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: US$1.62 (down from US$2.32 in FY 2023).

revenue-and-expenses-breakdown — NYSE:HTGC Revenue and Expenses Breakdown February 19th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hercules Capital EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%.

In the last 12 months, the only revenue segment was Lending and Investment contributing US$493.6m. The most substantial expense, totaling US$151.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HTGC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Hercules Capital that we have uncovered.

Valuation is complex, but we're here to simplify it.

Discover if Hercules Capital might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.