Feed / HTGC

Hercules Capital, Inc.

HTGC

Financial Services · 17.40 -1.1% today

Participation confirmed · construction unavailableMarket checked 10 Sept, 15:55 GMT-4

Market read

Hercules Capital, Inc.'s move is spreading beyond its market group.

No new filing conclusion is available. 5 of 25 group members are active now; 3 filing-linked outsiders are moving with the group, and 0 of 34 directly disclosed connections are confirming.

Company-1.1% todayVolume comparison unavailable
Market group5 of 25 activeBiopharmaceuticals and Care · inactive
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 17 of 25 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • BDX remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 8 of 25 members or fewer.

Watch this read

Research brief

The story so far

Financial Services · Asset Management

No new filing conclusion is available. 5 of 25 group members are active now; 3 filing-linked outsiders are moving with the group, and 0 of 34 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 17 of 25 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • BDX remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods0
Price observations327
Usable filing statements77
Verified relationships17
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

17.40
6m+21.2%12m-9.9%24m

What management says matters

Persistent and emerging business drivers

Legal and regulatory exposuremixed · 1 filings
As of December 31, 2025, our asset coverage ratio under our regulatory requirements as a business development company was 212.1% excluding our SBA debentures as a result of our exemptive order from the SEC which allows us to exclude all SBA leverage from our…
10-K · Feb 12, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales · EV/sales . Comparisons use only industry-matched filing peers.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

17.40-1.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for HTGC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for HTGC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind HTGC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

HCSGHealthcare Services Group, Inc.customerMay 5, 2026

Concentrations of Credit Risk The Company’s customers are primarily privately held companies and public companies which are active in the “Application Software”, “Drug Discovery & Development”, “Healthcare Services, Other”, “System Software”, and “Consumer &…

ADMAADMA Biologics, Inc.investeeOct 30, 2025

Our gains were offset by gross realized losses of $3.3 million and $15.0 million, respectively, for the three and nine month periods, from the write-off of equity and warrant investments in Proterra, Inc., The Faction Group LLC, Udacity, Inc., Humanigen, Inc.…

Depended on by

IRONDisc Medicine, Inc.partnerNov 6, 2025

We may also pursue additional cash resources through public or private equity offerings, collaborations or additional draws under the Hercules Loan Agreement.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 33 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

HTGC is currently a Participant in the organic co-movement group Biopharmaceuticals and Care. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.