Financial Performance - The net asset value per share decreased to $14.89, compared to $15.03 as of June 30, 2025[2] - Adjusted net investment income per share was $0.36, down from $0.40 as of June 30, 2025[2] - The company declared a Q3 2025 regular dividend of $0.37 per share, resulting in an annualized dividend yield of 9.9%[2] - A new $200 million repurchase program was implemented, replacing the existing $150 million program[2] Portfolio Composition and Activity - The total portfolio at fair value reached $17.1 billion, compared to $16.9 billion as of June 30, 2025, comprising 238 portfolio companies, up from 233[2] - New investment commitments (net of sell downs) amounted to $1.3 billion, with net fundings of $0.2 billion[2] - Investments on non-accrual represented 2.7% of the total portfolio at cost and 1.3% at fair value[2] - First-lien debt investments accounted for 74% of the portfolio[4] - Floating rate debt investments made up 97% of the portfolio[4] Balance Sheet and Liquidity - The company had $3.2 billion in liquidity, including cash and undrawn debt[2] - Debt to equity ratio increased to 1.22x, up from 1.17x as of June 30, 2025[2] - Unsecured debt comprised 52% of the debt funding mix[2]

Core Viewpoint - Hercules Capital, Inc. is a leading specialty financing provider for innovative venture, growth, and established stage companies, backed by top-tier venture capital and private equity firms [1] Financial Results Announcement - Hercules Capital has scheduled its third quarter 2025 financial results conference call for Thursday, October 30, 2025, at 2:00 p.m. PT (5:00 p.m. ET) [1]

Financial Performance - The company's net asset value per share decreased slightly to $15.03, compared to $15.14 as of March 31, 2025 [2] - Adjusted net investment income per share increased to $0.4030, up from $0.3930 as of March 31, 2025 [2] - Adjusted net income per share decreased to $0.2730, down from $0.3230 as of March 31, 2025 [2] - The company declared a Q2 2025 total dividend per share of $0.39, resulting in an annualized dividend yield of 10.4% [2] Portfolio Composition and Activity - The total portfolio at fair value was $16.9 billion, compared to $17.7 billion as of March 31, 2025, comprising 233 portfolio companies compared to 236 as of March 31, 2025 [2] - New investment commitments (net of sell downs) amounted to $1.1 billion, while net fundings were ($1.0) billion [2] - Investments on non-accrual represent 1.6% and 0.7% of total portfolio at cost and fair value, respectively [2] - Senior secured investments represent 81% of the portfolio, with 76% being first lien investments and 98% being floating rate debt investments [5, 12] Balance Sheet and Liquidity - The company has $4.1 billion of liquidity in cash and undrawn debt [2] - Debt to equity ratio decreased to 1.17x, down from 1.26x as of March 31, 2025 [2] - Unsecured debt comprises 59% of the debt funding mix [2, 30]

May 8, 2025 Quarterly Earnings Presentation NYSE: OBDC | | • • | Net asset value per share of $15.14, compared to $15.26 as of 12/31/2024 Adjusted net investment income per share of $0.3931 as of 3/31/2025 | | --- | --- | --- | | | | • GAAP net investment income per share of $0.41, down from $0.47 as of 12/31/2024 | | Earnings Summary | • | Adjusted net income per share of $0.3231 as of 3/31/2025 | | | | • GAAP net income per share of $0.49, up from $0.40 as of 12/31/2024 | | | • | Adjusted ROE on net inves ...