8-K Announcements
6May 5, 2026·SEC
May 5, 2026·SEC
Apr 14, 2026·SEC
Horizon Technology Finance Corporation (HRZN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Horizon Technology Finance Corporation (HRZN) stock price & volume — 10-year historical chart
Horizon Technology Finance Corporation (HRZN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Horizon Technology Finance Corporation (HRZN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.19vs $0.19+0.0% | $24Mvs $21M+14.2% |
| Q2 2026 | Mar 3, 2026 | $0.18vs $0.29-38.3% | $21Mvs $22M-4.2% |
| Q4 2025 | Oct 28, 2025 | $0.31vs $0.28+10.7% | $42Mvs $26M+61.5% |
| Q3 2025 | Aug 7, 2025 | $0.28vs $0.28+0.0% | $25Mvs $24M+0.2% |
Horizon Technology Finance Corporation (HRZN) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
Horizon Technology Finance Corporation (HRZN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Horizon Technology Finance Corporation (HRZN) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -5.17M | 22.42M | 28.76M | 32.52M | 42.38M | 58.16M | 81.16M | 64.71M | 57.66M | 42.89M |
| NII Growth % | 12.1% | 533.97% | 28.24% | 13.09% | 30.31% | 37.25% | 39.53% | -20.27% | -10.9% | -125.96% |
| Net Interest Margin % | -2.21% | 8.41% | 8.36% | 7.99% | 8.25% | 7.59% | 10.12% | 7.87% | 7.11% | 5.42% |
| Interest Income | 0 | 28.79M | 37.09M | 42.19M | 54.41M | 77.37M | 110.13M | 96.97M | 90.46M | 88.08M |
| Interest Expense | 5.17M | 6.36M | 8.33M | 9.67M | 12.03M | 19.2M | 28.97M | 32.26M | 32.8M | 32.3M |
| Loan Loss Provision | 953K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8.18M |
| Non-Interest Income | 12.4M | -7.52M | -7.46M | -22.19M | -9.11M | -31.52M | -91.03M | -63.02M | -50.44M | -13.16M |
| Non-Interest Income % | 100% | -35.38% | -25.16% | -110.91% | -20.11% | -68.76% | -476.6% | -185.68% | -126.03% | -17.57% |
| Total Revenue | 12.4M▲ 0% | 21.26M▲ 71.4% | 29.63M▲ 39.4% | 20M▼ 32.5% | 45.3M▲ 126.4% | 45.84M▲ 1.2% | 19.1M▼ 58.3% | 33.94M▲ 77.7% | 40.02M▲ 17.9% | 74.92M▲ 0% |
| Revenue Growth % | 805.17% | 71.42% | 39.35% | -32.49% | 126.44% | 1.2% | -58.34% | 77.71% | 17.91% | -370.27% |
| Non-Interest Expense | 2.79M | 1.86M | 1.56M | 3.75M | 5.08M | 4.78M | 5.82M | 5.84M | 8.82M | 9.04M |
| Efficiency Ratio | 22.48% | 8.73% | 5.28% | 18.73% | 11.22% | 10.42% | 30.49% | 17.22% | 22.03% | 12.06% |
| Operating Income | 12.32M▲ 0% | 13.04M▲ 5.9% | 19.74M▲ 51.3% | 6.59M▼ 66.6% | 28.18M▲ 327.9% | 21.87M▼ 22.4% | -15.7M▼ 171.8% | -4.16M▲ 73.5% | -1.6M▲ 61.6% | 19.46M▲ 0% |
| Operating Margin % | 99.34% | 61.35% | 66.61% | 32.92% | 62.21% | 47.7% | -82.17% | -12.25% | -3.99% | 25.98% |
| Operating Income Growth % | -27.57% | 5.86% | 51.31% | -66.63% | 327.92% | -22.41% | -171.78% | 73.51% | 61.56% | - |
| Pretax Income | 9.62M▲ 0% | 13.04M▲ 35.6% | 19.74M▲ 51.3% | 6.59M▼ 66.6% | 28.18M▲ 327.9% | 21.87M▼ 22.4% | -15.7M▼ 171.8% | -4.16M▲ 73.5% | -1.6M▲ 61.6% | 28.7M▲ 0% |
| Pretax Margin % | 77.52% | 61.35% | 66.61% | 32.92% | 62.21% | 47.7% | -82.17% | -12.25% | -3.99% | 38.31% |
| Income Tax | 25K | 34K | 239K | 222K | 401K | 715K | 1.49M | 1.48M | 1.06M | 686K |
| Effective Tax Rate % | 0.26% | 0.26% | 1.21% | 3.37% | 1.42% | 3.27% | -9.49% | -35.51% | -66.52% | 2.39% |
| Net Income | 9.59M▲ 0% | 13.01M▲ 35.6% | 19.5M▲ 49.9% | 6.36M▼ 67.4% | 27.78M▲ 336.5% | 21.15M▼ 23.9% | -17.18M▼ 181.2% | -5.63M▲ 67.2% | -2.66M▲ 52.8% | 28.01M▲ 0% |
| Net Margin % | 77.32% | 61.19% | 65.8% | 31.81% | 61.33% | 46.14% | -89.97% | -16.6% | -6.65% | 37.39% |
| Net Income Growth % | 295.22% | 35.65% | 49.87% | -67.36% | 336.55% | -23.87% | -181.25% | 67.22% | 52.76% | 178.42% |
| Net Income (Continuing) | 9.59M | 13.01M | 19.5M | 6.36M | 27.78M | 21.15M | -17.18M | -5.63M | -2.66M | 28.01M |
| EPS (Diluted) | 0.83▲ 0% | 1.13▲ 36.1% | 1.45▲ 28.3% | 0.36▼ 75.2% | 1.39▲ 286.1% | 0.86▼ 38.1% | -0.56▼ 165.1% | -0.16▲ 71.4% | 1.05▲ 756.3% | 0.59▲ 0% |
| EPS Growth % | 293.02% | 36.14% | 28.32% | -75.17% | 286.11% | -38.13% | -165.12% | 71.43% | 756.25% | 523.08% |
| EPS (Basic) | 0.83 | 1.13 | 1.45 | 0.36 | 1.39 | 0.86 | -0.56 | -0.16 | 1.05 | - |
| Diluted Shares Outstanding | 11.52M | 11.53M | 13.48M | 17.53M | 20.03M | 24.73M | 30.96M | 36.1M | 42.35M | 47.32M |
Horizon Technology Finance Corporation (HRZN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 6.59M | 12.59M | 6.46M | 19.5M | 38.05M | 20.61M | 46.63M | 70.26M | 105.52M | 295.58M |
| Cash & Due from Banks | 6.59M | 12.59M | 6.46M | 19.5M | 38.05M | 20.61M | 46.63M | 70.26M | 105.52M | 34.49M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 222.1M | 248.44M | 329.34M | 379.74M | 465.94M | 727.09M | 735.53M | 725.16M | 647.24M | 695.7M |
| Investments Growth % | 14.48% | 11.86% | 32.56% | 15.31% | 22.7% | 56.05% | 1.16% | -1.41% | -10.74% | -115.65% |
| Long-Term Investments | 222.1M | 248.44M | 329.34M | 379.74M | 465.94M | 727.09M | 735.53M | 725.16M | 647.24M | 1.32B |
| Accounts Receivables | 3.99M | 3.97M | 5.53M | 4.95M | 6.15M | 13.57M | 13.93M | 16.56M | 12.09M | 12.74M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.47M | 1.75M | 1.53M | 1.91M | 2.45M | 2.76M | 3.62M | 6.51M | 46.26M | 0 |
| Total Current Assets | 10.58M | 16.56M | 13.13M | 25.5M | 45.57M | 36.97M | 63.2M | 90.16M | 117.61M | 47.23M |
| Total Non-Current Assets | 223.57M | 250.19M | 330.87M | 381.65M | 468.39M | 729.85M | 739.16M | 731.67M | 693.5M | 0 |
| Total Assets | 234.15M▲ 0% | 266.75M▲ 13.9% | 344M▲ 29.0% | 407.16M▲ 18.4% | 513.96M▲ 26.2% | 766.83M▲ 49.2% | 802.36M▲ 4.6% | 821.83M▲ 2.4% | 811.1M▼ 1.3% | 791.65M▲ 0% |
| Asset Growth % | -2.13% | 13.92% | 28.96% | 18.36% | 26.23% | 49.2% | 4.63% | 2.43% | -1.31% | -13.01% |
| Return on Assets (ROA) | 4.05% | 5.19% | 6.38% | 1.69% | 6.03% | 3.3% | -2.19% | -0.69% | -0.33% | 3.63% |
| Accounts Payable | 3.46M | 3.46M | 0 | 0 | 0 | 0 | 0 | 0 | 15.05M | 0 |
| Total Debt | 94.08M | 126.85M | 152.05M | 185.82M | 257.61M | 434.08M | 462.24M | 467.9M | 473.03M | 0 |
| Net Debt | 87.48M | 114.26M | 145.59M | 166.32M | 219.56M | 413.47M | 415.61M | 397.64M | 367.51M | -34.49M |
| Long-Term Debt | 0 | 126.85M | 152.05M | 185.82M | 257.61M | 434.08M | 462.24M | 467.9M | 377.85M | 0 |
| Short-Term Debt | 94.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95.17M | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.57M | 457.78M |
| Total Current Liabilities | 99.07M | 5.64M | 7.9M | 8.74M | 11.01M | 14.3M | 16.14M | 17.75M | 95.17M | 0 |
| Total Non-Current Liabilities | 0 | 126.85M | 152.05M | 185.82M | 257.61M | 434.08M | 462.24M | 467.9M | 397.43M | 457.78M |
| Total Liabilities | 99.07M | 132.49M | 159.95M | 194.56M | 268.63M | 448.38M | 478.38M | 485.65M | 492.6M | 457.78M |
| Total Equity | 135.07M▲ 0% | 134.26M▼ 0.6% | 184.06M▲ 37.1% | 212.6M▲ 15.5% | 245.34M▲ 15.4% | 318.45M▲ 29.8% | 323.98M▲ 1.7% | 336.18M▲ 3.8% | 318.5M▼ 5.3% | 333.86M▲ 0% |
| Equity Growth % | -2.96% | -0.61% | 37.09% | 15.51% | 15.4% | 29.8% | 1.74% | 3.77% | -5.26% | -17.48% |
| Equity / Assets (Capital Ratio) | 57.69% | 50.33% | 53.5% | 52.21% | 47.73% | 41.53% | 40.38% | 40.91% | 39.27% | 42.17% |
| Return on Equity (ROE) | 6.99% | 9.66% | 12.25% | 3.21% | 12.13% | 7.5% | -5.35% | -1.71% | -0.81% | 8.95% |
| Book Value per Share | 11.73 | 11.65 | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 9.31 | 7.52 | 7.06 |
| Tangible BV per Share | 11.73 | 11.65 | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 9.31 | 7.52 | 7.06 |
| Common Stock | 12K | 12K | 16K | 19K | 22K | 29K | 36K | 44K | 51K | 53K |
| Additional Paid-in Capital | 179.64M | 179.62M | 226.66M | 271.29M | 301.36M | 385.92M | 450.95M | 518.2M | 559.36M | 0 |
| Retained Earnings | -44.58M | -45.37M | -42.62M | -58.71M | -56.05M | -67.5M | -127M | -182.06M | -240.9M | 0 |
| Accumulated OCI | -42.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Horizon Technology Finance Corporation (HRZN) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -14.84M | -12.06M | 17.56M | -25.28M | -75.99M | -246.28M | 50.07M | 39.64M | 56.63M | 56.63M |
| Operating CF Growth % | -128.37% | 18.75% | 245.61% | -243.99% | -200.58% | -224.08% | 120.33% | -20.84% | 42.86% | 290.43% |
| Net Income | 9.59M | 13.01M | 19.5M | 6.36M | 27.78M | 21.15M | -17.18M | -5.63M | -2.66M | 28.01M |
| Depreciation & Amortization | 795K | 554K | 0 | 1.02M | 1.09M | 1.6M | 0 | 0 | 0 | 1.24M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -27.22M | -25.23M | 177K | -30.72M | -103.04M | -261.11M | 71.88M | 51.58M | 58.98M | 33.98M |
| Working Capital Changes | 1.99M | -391K | -2.12M | -1.94M | -1.82M | -7.92M | -4.62M | -6.31M | 314K | 1.64M |
| Cash from Investing | -133.72M | -96.8M | -68.96M | -190.23M | -291.49M | -372.01M | -55.33M | -35.7M | 0 | -129.35M |
| Purchase of Investments | -135.56M | -101.26M | -202.73M | -198.56M | -344.44M | -421.98M | -218.69M | -182.36M | 0 | -202.39M |
| Sale/Maturity of Investments | 1.84M | 4.45M | 133.77M | 8.34M | 52.95M | 49.96M | 163.36M | 146.66M | 0 | 1.6M |
| Net Investment Activity | -133.72M | -96.8M | -68.96M | -190.23M | -291.49M | -372.01M | -55.33M | -35.7M | 0 | -200.79M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71.44M |
| Cash from Financing | -15.7M | 18.05M | 56.2M | 55.66M | 75.52M | 229.46M | 50.51M | 21.21M | -14.8M | -31.89M |
| Dividends Paid | -13.65M | -13.67M | -15.59M | -21.32M | -24.55M | -29.85M | -40.52M | -46.37M | -53.09M | -40.35M |
| Share Repurchases | -59K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | -155K | 47.1M | 44.61M | 30.09M | 84.6M | 65.09M | 66.35M | 14.08M | 10.49M |
| Net Stock Activity | -59K | -155K | 47.1M | 44.61M | 30.09M | 84.6M | 65.09M | 66.35M | 14.08M | 10.49M |
| Debt Issuance (Net) | -625K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | -1.37M | -777K | 0 | -890K | -2.65M | -4.36M | -735K | 0 | -7.21M | -33.33M |
| Net Change in Cash | -30.54M▲ 0% | 6M▲ 119.6% | -6.13M▼ 202.2% | 30.37M▲ 595.8% | -477K▼ 101.6% | -16.82M▼ 3425.2% | 45.26M▲ 369.1% | 24.45M▼ 46.0% | 41.83M▲ 71.1% | -4.2M▲ 0% |
| Exchange Rate Effect | 133.72M | 96.8M | -10.92M | 190.23M | 291.49M | 372.01M | 146K | -696K | 0 | -46K |
| Cash at Beginning | 37.13M | 6.59M | 12.59M | 17.39M | 47.76M | 47.28M | 30.47M | 73.08M | 100.87M | 142.69M |
| Cash at End | 6.59M | 12.59M | 6.46M | 47.76M | 47.28M | 30.47M | 75.72M | 97.53M | 142.69M | 73.26M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -14.84M▲ 0% | -12.06M▲ 18.8% | 17.56M▲ 245.6% | -25.28M▼ 244.0% | -75.99M▼ 200.6% | -246.28M▼ 224.1% | 50.07M▲ 120.3% | 39.64M▼ 20.8% | 56.63M▲ 42.9% | 67.14M▲ 0% |
| FCF Growth % | -128.37% | 18.75% | 245.61% | -243.99% | -200.58% | -224.08% | 120.33% | -20.84% | 42.86% | 913.39% |
Horizon Technology Finance Corporation (HRZN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 6.99% | 9.66% | 12.25% | 3.21% | 12.13% | 7.5% | -5.35% | -1.71% | -0.81% | 8.95% |
| Return on Assets (ROA) | 4.05% | 5.19% | 6.38% | 1.69% | 6.03% | 3.3% | -2.19% | -0.69% | -0.33% | 3.63% |
| Net Interest Margin | -2.21% | 8.41% | 8.36% | 7.99% | 8.25% | 7.59% | 10.12% | 7.87% | 7.11% | 5.42% |
| Efficiency Ratio | 22.48% | 8.73% | 5.28% | 18.73% | 11.22% | 10.42% | 30.49% | 17.22% | 22.03% | 12.06% |
| Equity / Assets | 57.69% | 50.33% | 53.5% | 52.21% | 47.73% | 41.53% | 40.38% | 40.91% | 39.27% | 42.17% |
| Book Value / Share | 11.73 | 11.65 | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 9.31 | 7.52 | 7.06 |
| NII Growth | 12.1% | 533.97% | 28.24% | 13.09% | 30.31% | 37.25% | 39.53% | -20.27% | -10.9% | -30.59% |
| Dividend Payout | 142.28% | 105.06% | - | 334.95% | 88.37% | 141.11% | - | - | - | 144.05% |
Horizon Technology Finance Corporation (HRZN) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
May 5, 2026·SEC
Apr 14, 2026·SEC
Horizon Technology Finance Corporation (HRZN) stock FAQ — growth, dividends, profitability & financials explained
Horizon Technology Finance Corporation (HRZN) grew revenue by 17.9% over the past year. This is strong growth.
Yes, Horizon Technology Finance Corporation (HRZN) is profitable, generating $28.0M in net income for fiscal year 2025 (-6.6% net margin).
Yes, Horizon Technology Finance Corporation (HRZN) pays a dividend with a yield of 27.37%. This makes it attractive for income-focused investors.
Horizon Technology Finance Corporation (HRZN) has a return on equity (ROE) of -0.8%. Negative ROE indicates the company is unprofitable.
Horizon Technology Finance Corporation (HRZN) has a net interest margin (NIM) of 7.1%. This indicates healthy earnings from lending activities.
Horizon Technology Finance Corporation (HRZN) has an efficiency ratio of 22.0%. This is excellent, indicating strong cost control.
Horizon Technology Finance Corporation (HRZN) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates