)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Hercules Capital
Hercules Capital (HTGC) investor relations material
Hercules Capital Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 NII was $87.3M, covering 118% of the base distribution; 9M investment income and NII reached records, alongside record originations.
Assets under management reached $6.5B, up 17.7% YoY, supported by growth in the public BDC and private credit funds platform.
Since inception, cumulative net debt commitments reached $24.9B across 700+ growth-stage companies; the annualized loss rate was 1.9 bps.
Financial highlights
Q3 total investment income was $140.1M, up 1.5% YoY; core investment income was $135.7M, up 6.1% YoY. NII was $87.3M, or $0.47/share, versus $88.6M and $0.49/share a year earlier.
9M investment income reached $430.8M, up 9.0% YoY, and NII reached $268.4M, up 5.4%; both were record year-to-date results.
Net assets from operations were $93.6M in Q3 versus $119.7M a year earlier; Q3 basic EPS from operations was $0.50 versus $0.66.
NAV/share was $12.26 at September 30, 2026, up $0.11 QoQ; Q3 net unrealized appreciation was $8.2M.
Outlook and guidance
Q4 total investment income and NII are expected to rise from Q3, partly on normalized prepayment activity; expected Q4 prepayments are $200M-$300M.
Q4 core yield guidance was 11.8%-12%; management expected no further material yield degradation over coming quarters.
Q4 originations were expected to be strong and back-end weighted; 2026 was on pace to exceed 2025 records for commitments and fundings.
Q4 gross SG&A guidance was $27.5M-$28.5M, including ~$4.5M RIA expense allocation; a $2M-$2.5M quarterly RIA dividend was expected.
Management said ample liquidity supports near-term capital requirements and continued investing and distributions; ROEs were expected to rise as prepayments rebound, with ROEs likely at a floor.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Hercules Capital
- Record investment income, strong originations, and robust liquidity drive Q2 growth.HTGC
Q2 2026 - Record financial performance, all proposals approved, and a new supplemental dividend announced.HTGCAGM 2026
- Record Q1 2026 commitments and investment income, with strong liquidity and portfolio quality.HTGCQ1 2026
- Executive leadership changes announced; annual meeting and board recommendations unchanged.HTGCProxy filing
- Proxy covers director election, executive pay, equity plan changes, and auditor ratification.HTGCProxy filing
- Record Q3 investment income, rising NAV, and robust portfolio growth with strong liquidity.HTGCQ3 2025
- Record investment income, strong portfolio growth, and robust liquidity with moderate leverage.HTGCQ3 2024
- Record Q2 results, robust liquidity, and new SBIC license drive continued growth.HTGCQ2 2024
- Q1 2025 saw $1.02B in commitments, $77.5M NII, and strong liquidity with stable portfolio quality.HTGCQ1 2025
Next Hercules Capital earnings date
Q4 202611 Feb, 2027
Hercules Capital
Next Hercules Capital earnings date
Q4 202611 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Hercules Capital Inc is a business development company that provides venture debt and growth capital to high-growth, innovative companies. It focuses on technology, life sciences, and sustainable and renewable technology sectors, offering secured loans and other financing solutions. The company partners with startups and emerging companies backed by venture capital. The company is headquartered in Palo Alto, California, and its shares are listed on the NYSE.