Hercules Capital, Inc. (HTGC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 12.88% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
180M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

HTGC currently has 183M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 12.88% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 182.8M shares outstanding

180M 0
Oct 30, 2025

10-Q filing | 180.4M shares outstanding

180M 0
May 01, 2025

10-Q filing | 175.4M shares outstanding

180M 0
Feb 13, 2025

10-K filing | 161.6M shares outstanding

160M 0
Oct 30, 2024

10-Q filing | 161.5M shares outstanding

160M 0
Aug 01, 2024

10-Q filing | 161.3M shares outstanding

160M 0
May 02, 2024

10-Q filing | 157.9M shares outstanding

160M 0
Feb 15, 2024

10-K filing | 144.8M shares outstanding

140M 0
Nov 02, 2023

10-Q filing | 147.1M shares outstanding

150M 0
Aug 03, 2023

10-Q filing | 142.1M shares outstanding

140M 0
May 04, 2023

10-Q filing | 137.1M shares outstanding

140M 0
Feb 16, 2023

10-K filing | 126.7M shares outstanding

130M 0
Nov 02, 2022

10-Q filing | 129.3M shares outstanding

130M 0
Jul 02, 2020

8-K filing: Hercules Capital, Inc. may issue and sell up to 16,500,000 shares of its common stock through an equity distribution agreement with JMP Securities LLC, with proceeds intended for investments, acquisitions, debt retirement, and general corporate purposes.

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