Quarterly ResultMay 5, 2026, 04:34 PM
Hercules Capital Q1 2026 NII $88.1M; Total Investment Income $141.5M
AI Summary
Hercules Capital, Inc. reported strong first quarter 2026 financial results, achieving record total new debt and equity commitments of $1.81 billion, a 77.8% increase year-over-year. The company also posted record total investment income of $141.5 million, up 18.4% year-over-year, and net investment income (NII) of $88.1 million, or $0.48 per share. Additionally, Hercules Capital declared a first quarter 2026 total cash distribution of $0.47 per share, comprising a $0.40 base and $0.07 supplemental distribution, payable on May 21, 2026. The company maintained disciplined credit standards, improving its weighted average portfolio grade to 2.11.
Key Highlights
- Record Q1 2026 total new debt and equity commitments of $1.81 billion, up 77.8% year-over-year.
- Record Q1 2026 total investment income of $141.5 million, an increase of 18.4% year-over-year.
- Q1 2026 Net Investment Income (NII) of $88.1 million, or $0.48 per share, up 13.8% year-over-year.
- Q1 2026 total fundings of $706.4 million, an increase of 31.0% year-over-year.
- Declared a Q1 2026 total cash distribution of $0.47 per share ($0.40 base, $0.07 supplemental).
- Net debt investment portfolio increased by $298.0 million on a cost basis during Q1 2026.
- Weighted average grade of the debt investment portfolio improved to 2.11 from 2.20.
- Available liquidity of $454.5 million, including $42.4 million in unrestricted cash.