Cash from financing is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders.
For the
three
months ended in Mar. 2026,
Hercules Capital received$49.5 Mil more from issuing new shares than it paid to buy back shares.
It received$255.7 Mil from issuing more debt.
It paid$0.0 Mil more to buy back preferred shares than it received from issuing preferred shares.
It spent$84.4 Mil paying cash dividends to shareholders.
It spent$4.7 Mil on other financial activities.
In all, Hercules Capitalearned$216.1 Mil on financial activities for the
three
months ended in Mar. 2026.
Hercules Capital (NYSE:HTGC) Cash Flow from Financing Explanation
Cash from financing contains six items:
1. Issuance of Stock:
A company may raise cash from issuing new shares. Issuance of stock represents the cash inflow from offering common stock, which is the additional capital contribution to the entity during the period.
Hercules Capital's issuance of stock for the
three
months ended in Mar. 2026 was $52.9 Mil.
2. Repurchase of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. Repurchase of stock represents the cash outflow to reacquire common stock during the period.
Hercules Capital's repurchase of stock for the
three
months ended in Mar. 2026 was $-3.4 Mil.
3. Net Issuance of Debt:
Net issuance of debt is the cash a company received or spent through debt related activities such as debt issuance or debt repayment. If a company pays down its debt during the period, this number will be negative. If a company issued more debt, it receives cash and this number is positive.
Hercules Capital's net issuance of debt for the
three
months ended in Mar. 2026 was $255.7 Mil.
Hercules Capital received$255.7 Mil from issuing more debt.
4. Net Issuance of Preferred Stock:
A company may raise cash from issuing new preferred shares. It can also use cash to buy back preferred shares. If this number is positive, it means that the company has received more cash from issuing preferred shares than it has paid to buy back preferred shares. If this number is negative, it means that company has paid more cash to buy back preferred shares than it has received for issuing preferred shares.
Hercules Capital's net issuance of preferred for the
three
months ended in Mar. 2026 was $0.0 Mil.
Hercules Capital paid$0.0 Mil more to buy back preferred shares than it received from issuing preferred shares.
5. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.
Hercules Capital's cash flow for dividends for the
three
months ended in Mar. 2026 was $-84.4 Mil.
Hercules Capital spent$84.4 Mil paying cash dividends to shareholders.
6. Other Financing:
Money spent or earned by company from other financial activities.
Hercules Capital's other financing for the
three
months ended in Mar. 2026 was $-4.7 Mil.
Hercules Capital spent$4.7 Mil on other financial activities.
Hercules Capital Cash Flow from Financing Related Terms
Hercules Capital Cash Flow from Financing Historical Data
* Premium members only.
The historical data trend for Hercules Capital's Cash Flow from Financing can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hercules Capital Cash Flow from Financing Calculation
This is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders. In the calculation of free cash flow, cash from financing is not calculated because it is not related to operating activities.
Hercules Capital's Cash from Financing for the fiscal year that ended in Dec. 2025 is calculated as:
Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $424.9 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Cash Flow from Financing of $424.9 Mil mean?
Hercules Capital (HTGC) has a Cash Flow from Financing of $424.9 Mil as of Mar. 2026. Cash Flow from Financing is the amount of cash earned or paid from financing operations. View historical data for Hercules Capital and its competitors.
Is Hercules Capital's Cash Flow from Financing too high?
Hercules Capital's current Cash Flow from Financing is $424.9 Mil. Overall, Hercules Capital has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hercules Capital's Cash Flow from Financing compare to JPC and FSK?
Hercules Capital's Cash Flow from Financing of $424.9 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Flow from Financing for an Asset Management company?
A good Cash Flow from Financing depends on the Asset Management industry context. However, Cash Flow from Financing should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Flow from Financing mean?
A high Cash Flow from Financing can signal that a stock is expensive relative to its fundamentals. Cash Flow from Financing is the amount of cash earned or paid from financing operations. View historical data for Hercules Capital and its competitors. Hercules Capital's current Cash Flow from Financing is $424.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hercules Capital stock overvalued right now?
Based on GuruFocus' analysis, Hercules Capital (HTGC) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.45, compared to a current price of $15.88 — trading 13.9% below its estimated fair value. The current Cash Flow from Financing is $424.9 Mil. Hercules Capital's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Flow from Financing calculated?
Cash Flow from Financing is calculated from a company's financial statements. For Hercules Capital (HTGC), the current Cash Flow from Financing is $424.9 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hercules Capital (HTGC) Overvalued in 2026?
Based on GuruFocus' analysis, Hercules Capital stock appears to be undervalued.
The current stock price of $15.88 is trading 13.9% below its estimated GF Value™ of $18.45.
GuruFocus considers Hercules Capital to be Modestly Undervalued.
Key valuation signals for HTGC:
Cash Flow from Financing: $424.9 Mil
GF Value™: $18.45 vs. price of $15.88 (13.9% below fair value)
No single metric tells the full story. See the HTGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hercules Capital Inc is a specialty finance company focused on providing senior secured loans to high-growth, venture capital-backed, and institutional-backed companies in a variety of technology and life sciences industries. The company's primary business objectives are to increase its net income, net investment income, and net asset value (NAV) through its investments mainly in structured debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology-related industries at attractive yields. It finances companies belonging to computer software and hardware, networking systems, semiconductors, medical devices, bio-pharmaceutical, and other related sectors.
60GF Score
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Cash Flow from Financing is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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