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Hercules Capital Inc is a specialty finance company that provides senior secured loans to high-growth, venture capital-backed companies in various technology, life sciences, and sustainable and renewable technology industries. It invests majorly in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The company lends to and invests in portfolio companies in various technology-related industries, including technology, drug discovery and development, biotechnology, life sciences, healthcare, and sustainable and renewable technology.
2003
100
LTM Revenue $519M
Last FY EBITDA n/a
$5.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Hercules Capital has a last 12-month revenue (LTM) of $519M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Hercules Capital achieved revenue of $354M and an EBITDA of n/a.
Hercules Capital expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Hercules Capital valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $519M | XXX | $354M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBIT | $337M | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 65% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $292M | XXX | $263M | XXX | XXX | XXX |
| Net Margin | 56% | XXX | 74% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.7B | XXX | XXX | XXX |
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As of August 15, 2025, Hercules Capital's stock price is $19.
Hercules Capital has current market cap of $3.5B, and EV of $5.5B.
See Hercules Capital trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.5B | $3.5B | XXX | XXX | XXX | XXX | $1.95 |
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Start Free TrialAs of August 15, 2025, Hercules Capital has market cap of $3.5B and EV of $5.5B.
Hercules Capital's trades at 15.7x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate Hercules Capital's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hercules Capital has a P/E ratio of 11.9x.
See valuation multiples for Hercules Capital and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.5B | XXX | $3.5B | XXX | XXX | XXX |
| EV (current) | $5.5B | XXX | $5.5B | XXX | XXX | XXX |
| EV/Revenue | 10.7x | XXX | 15.7x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 16.5x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 11.9x | XXX | 13.2x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -46.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialHercules Capital's last 12 month revenue growth is 9%
Hercules Capital's revenue per employee in the last FY averaged $3.5M, while opex per employee averaged $0.9M for the same period.
Hercules Capital's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hercules Capital's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Hercules Capital and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $3.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 26% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| Humm Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Liberty Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Latitude Financial Services | XXX | XXX | XXX | XXX | XXX | XXX |
| MoneyMe | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hercules Capital acquired XXX companies to date.
Last acquisition by Hercules Capital was XXXXXXXX, XXXXX XXXXX XXXXXX . Hercules Capital acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Hercules Capital founded? | Hercules Capital was founded in 2003. |
| Where is Hercules Capital headquartered? | Hercules Capital is headquartered in United States of America. |
| How many employees does Hercules Capital have? | As of today, Hercules Capital has 100 employees. |
| Who is the CEO of Hercules Capital? | Hercules Capital's CEO is Mr. Scott Bluestein. |
| Is Hercules Capital publicy listed? | Yes, Hercules Capital is a public company listed on NYS. |
| What is the stock symbol of Hercules Capital? | Hercules Capital trades under HTGC ticker. |
| When did Hercules Capital go public? | Hercules Capital went public in 2005. |
| Who are competitors of Hercules Capital? | Similar companies to Hercules Capital include e.g. Credit Clear, Humm Group, Liberty Financial Group, Latitude Financial Services. |
| What is the current market cap of Hercules Capital? | Hercules Capital's current market cap is $3.5B |
| What is the current revenue of Hercules Capital? | Hercules Capital's last 12 months revenue is $519M. |
| What is the current revenue growth of Hercules Capital? | Hercules Capital revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Hercules Capital? | Current revenue multiple of Hercules Capital is 10.7x. |
| Is Hercules Capital profitable? | Yes, Hercules Capital is EBITDA-positive (as of the last 12 months). |
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