Hercules Capital Q1 2026: Record Breaking Performance

Hercules Capitals Q1 2026 earnings report is a scorcher, despite market turmoil. They set new records with $1.8 billion in new commitments, funded $706 million, and reached peak investment income at $141.5 million. Net income was $88.1 million, or $0.48 per share, covering the base dividend by 120%. Their balance sheet remains robust with $6.1 billion in assets, up 21.8% YoY, and a conservative GAAP leverage of 115.4%. Credit quality is strong, with non-accruals at just 0.1% of fair value. Investors appreciate the stability, as Hercules operates with permanent capital. The portfolio is diversified between life sciences and tech, with 89% first-lien loans. Return on equity was 16.9%, and NAV dipped 1.9% to $11.90 amid volatility. Since Q1, theyve closed $79.2 million in commitments and expect originations to remain robust. Q2 prepays are expected to reach $350 million to $500 million due to M&A activity. Seth Meyer becomes president on May 18th, and Andrew Olson returns as CFO. Hercules is well-positioned to continue originating quality deals and backing winners in tech and life sciences. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e47fdcdc3d8a0bc2