HERCULES CAPITAL, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $130.2M | $42.5M | $119.7M | $78.9M | $50.3M | $68.7M | $41.9M | $91.0M |
| Depreciation & Amortization | — | $85.0K | — | — | $89.0K | — | — | $186.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $4.2M | — | — | $3.6M | — | — | $2.8M |
| Net Cash from Operating Activities | $297.9M | $-230.6M | $-3.2M | $-144.8M | $-222.2M | $92.6M | $59.5M | $-240.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $19.0K | $29.0K | $19.0K | $8.0K | $30.0K | $378.0K | $292.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-19.0K | — | — | $-8.0K | — | — | $-292.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | $84.4M | — | — | $78.9M | — | — | $74.3M |
| Stock Repurchases | — | $3.4M | — | — | $3.5M | — | — | $2.7M |
| Net Cash from Financing Activities | — | $216.1M | — | — | $160.1M | — | — | $185.5M |
| Net Change in Cash | — | $-14.5M | — | — | $-62.1M | — | — | $-55.7M |
| Free Cash Flow | $297.9M | $-230.7M | $-3.2M | $-144.8M | $-222.2M | $92.5M | $59.1M | $-241.2M |