Hercules Capital Inc (NYSE:HTGC) Reports Mixed Q3 2025 Results, Misses EPS Estimates
By Mill Chart
Last update: Oct 30, 2025
Hercules Capital Inc (NYSE:HTGC) has released its financial results for the third quarter of 2025, presenting a mixed performance against analyst expectations. The company, a leading provider of venture growth loans, reported figures that led to a negative reaction in after-hours trading.
Third Quarter 2025 Financial Results
The company’s performance for the quarter ended September 30, 2025, showed a slight revenue beat but a miss on the bottom line. Revenue came in stronger than anticipated, while earnings per share fell short of consensus estimates.
- Reported Revenue: $138.09 million
- Estimated Revenue: $137.75 million
- Reported Non-GAAP EPS: $0.47
- Estimated Non-GAAP EPS: $0.49
The revenue outperformance suggests Hercules’ core lending and investment activities generated slightly higher income than projected. However, the EPS figure falling short of the $0.49 estimate indicates that costs or other factors may have weighed on profitability more than analysts had modeled for the period.
Market Reaction and Recent Performance
The market's immediate response to the earnings report was negative. Following the release, the stock declined by approximately 0.51% in after-market trading. This suggests investor focus may be centered on the earnings miss rather than the modest revenue beat. This short-term reaction adds to a somewhat challenging recent trend for the stock, which is down about 4.6% over the past month, despite showing minor gains over the past one and two-week periods.
Press Release Summary and Corporate Overview
The earnings announcement from Hercules Capital highlighted its position as the largest specialty financing provider to venture and growth-stage companies. The press release served primarily to announce the availability of the full financial results on its investor relations website and to detail the arrangements for its accompanying conference call. The company reiterated its long-term track record, noting it has committed more than $25 billion to over 700 companies since its inception in 2003. The release also clarified that its asset management business, operated through its adviser subsidiary, manages investments for external parties.
Forward-Looking Analyst Estimates
Looking ahead, Wall Street has already established expectations for the company’s future performance. Analysts are forecasting continued activity in the final quarter of the year.
- Q4 2025 Estimated Revenue: $139.84 million
- Q4 2025 Estimated EPS: $0.50
- Full-Year 2025 Estimated Revenue: $538.65 million
- Full-Year 2025 Estimated EPS: $1.97
The company’s press release did not provide its own formal financial outlook for the upcoming quarters, which is a neutral detail and neither explains nor contradicts the current market reaction. Investors will likely listen to the management’s commentary during the earnings call for any informal guidance on how the fourth quarter and full year are shaping up.
For a detailed breakdown of historical earnings, future estimates, and analyst revisions, more information is available on the HTGC earnings and estimates page.
This article is for informational purposes only and is not intended as investment advice. The information presented should not be construed as a recommendation to buy or sell any security. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
