Horizon Technology Finance Corporation (HRZN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
HRZN Revenue Growth
HRZN Revenue Analysis (2014–2025)
As of May 8, 2026, Horizon Technology Finance Corporation (HRZN) generated trailing twelve-month (TTM) revenue of $74.9 million. The most recent quarter (Q1 2026) recorded $24.1 million in revenue, up 25.6% sequentially.
Looking at the longer-term picture, HRZN's 5-year compound annual growth rate (CAGR) stands at +14.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $45.8 million in 2022.
When compared to Financial Services sector peers including TPVG, HTGC, and SUNS (+148.1% YoY). Compare HRZN vs TPVG →
HRZN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HRZNCurrent | $75M | - | +14.9% | -4.0% | |
 TPVG | $97M | - | - | 77.9% | |
 HTGC | $547M | - | - | 66.7% | |
 SUNS | $26M | +148.1% | - | 64.2% | |
 PFLT | $172M | - | - | 39.4% | |
 ARCC | $3.1B | - | - | 69.7% |
HRZN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $40.0M | - | $7.2M | 18.0% | $-1,598,000 | -4.0% |
| 2024 | $33.9M | - | $1.7M | 5.0% | $-4,157,000 | -12.2% |
| 2023 | $19.1M | - | $-9,871,000 | -51.7% | $-15,695,000 | -82.2% |
| 2022 | $45.8M | - | $26.6M | 58.1% | $21.9M | 47.7% |
| 2021 | $45.3M | - | $33.3M | 73.4% | $28.2M | 62.2% |
| 2020 | $20.0M | - | $10.3M | 51.6% | $6.6M | 32.9% |
| 2019 | $29.6M | - | $21.3M | 71.9% | $19.7M | 66.6% |
| 2018 | $21.3M | - | $14.9M | 70.1% | $13.0M | 61.3% |
| 2017 | $12.4M | - | $6.3M | 50.7% | $12.3M | 99.3% |
| 2016 | $-1,759,000 | - | $-9,481,000 | 539.0% | $17.0M | -967.1% |
See HRZN's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs HRZN Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare HRZN vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonHRZN — Frequently Asked Questions
Quick answers to the most common questions about buying HRZN stock.
Is HRZN's revenue growth accelerating or slowing?
HRZN TTM revenue: $75M. YoY growth: N/A. 5-year CAGR: +14.9%.
What is HRZN's long-term revenue growth rate?
Horizon Technology Finance Corporation's 5-year revenue CAGR of +14.9% reflects the variable expansion pattern. Current YoY growth of N/A is near this long-term average.
How is HRZN's revenue distributed by segment?
HRZN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.