海格投资 2026年季度报告

FORM 10-Q_________________________________________________ (Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For The Quarterly Period Ended June 30, 2026ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 814-00702_________________________________________________ HERCULES CAPITAL, INC. (Exact Name of Registrant as Specified in its Charter)_________________________________________________ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter periods that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for thepast 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§ 232.405 of this Chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with a new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo On July23, 2026, there were 187,164,000 shares outstanding of the Registrant’s common stock, $0.001 par value. HERCULES CAPITAL, INC.FORM 10-Q TABLE OF CONTENTS Item 1.Consolidated Financial Statements3Consolidated Statements of Assets and Liabilities as of June 30, 2026 (unaudited) and December 31, 20253Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025(unaudited)4Consolidated Statements of Changes in Net Assets for the three and six months ended June 30, 2026 and 2025(unaudited)5Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 2025(unaudited)6Consolidated Schedule of Investments as of June 30, 2026(unaudited)7Consolidated Schedule of Investments as of December 31, 202522Notes to Consolidated Financial Statements (unaudited)36Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations74Item 3.Quantitative and Qualitative Disclosures About Market Risk91Item 4.Controls and Procedures92PART II. OTHER INFORMATION93Item 1.Legal Proceedings93Item 1A.Risk Factors93Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities95Item 3.Defaults Upon Senior Securities95Item 4.Mine Safety Disclosures95Item 5.Other Information95Item 6.Exhibits and Financial Statement Schedules96SIGNATURES101 PART I: FINANCIAL INFORMATION In this Quarterly Report, the “Company,” “Hercules,” “we,” “us” and “our” refer to Hercules Capital, Inc., its wholly ownedsubsidiaries, and its affiliated securitization trust unless the context otherwise requires. ITEM 1.CONSOLIDATED FINANCIAL STATEMENTS HERCULES CAPITAL, INC.CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES HERCULES CAPITAL, INC.CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS(unaudited) HERCULES CAPITAL, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) The following table presents a reconciliation of cash and cash equivalents and restricted cash reported within the ConsolidatedStatements of Assets and Liabilities that sum to the total of the same such amounts in the Consolidated Statements of Cash Flows: (in thousands) (1)The former foreign cash category has been consolidated into “Cash and cash equivalents”. Prior year amounts have been reclassified to conform to the currentpresentation.See “Note 2 – Summary of Significant Accounting Policies” for a description of cash and cash equivalents and restricted cash.See notes to consolidated financial statements HERCULES CAPITAL, INC.CONSOLIDATED SCHEDULE OF INVESTMENTSJune30, 2026 (unaudited)(dollars in thousands) HERCULES CAPITAL, INC.CONSOLIDATED SCHEDULE OF INVESTMENTSJune30, 2026 (unaudited)(dollars in thousands) HERCULES CAPITAL, INC.CONSOLIDATED SCHEDULE OF INVESTMENTSJune30, 2026 (unaudited)(dollars in thousands) HERCULES CAPITAL, INC.CONSOLIDATED SCHEDULE OF INVESTMENTSJune30, 2026 (unaudited)(dollars in thousands) HERCULES CAPITAL, INC.CONSOLIDATED SCHEDULE OF INVESTMENTSJune30, 2026 (unaudited)(dollars in thousands) HERCULES CAPITAL, INC.CONSOLIDATED SCHEDULE OF INVESTMENTSJune30, 2026 (unaudi