8-K Announcements
6Material company update
Apr 14, 2026·SEC
Material company update
Mar 19, 2026·SEC
Material company update
Mar 16, 2026·SEC
Horizon Technology Finance Corporation(HTFB)Earnings, Financials & Key Ratios
HTFB•NYSE•Banking & Credit
$25.72
$1.14B mkt cap·Price updated Apr 24, 2026
AboutHorizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. It seeks to invest in companies in the United States.Show more
- Net Interest Income$0-100.0%
- Total Revenue$96M+182.9%
- Net Income$45M+907.3%
- Return on Equity13.89%+914.1%
- Net Interest Margin0%-100.0%
- Efficiency Ratio6.25%-63.7%
- ROA5.57%+903.0%
- Equity / Assets39.27%-4.0%
- Book Value per Share7.52-19.2%
- Tangible BV/Share7.52-19.2%
HTFB Key Insights
Horizon Technology Finance Corporation (HTFB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 48.2%
- ✓Efficient operations: 6.2% efficiency ratio
- ✓Well capitalized: 39.3% equity/assets
- ✓Healthy dividend yield of 5.0%
- ✓Trading near 52-week high
✗Weaknesses
- ✗Weak 3Y average ROE of 2.3%
- ✗Shares diluted 17.3% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HTFB Price & Volume
Horizon Technology Finance Corporation (HTFB) stock price & volume — 10-year historical chart
Loading chart...
HTFB Growth Metrics
Horizon Technology Finance Corporation (HTFB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years20.43%
5 Years36.85%
3 Years27.95%
TTM-
Profit CAGR
10 Years14.39%
5 Years48.19%
3 Years29.07%
TTM907.17%
EPS CAGR
10 Years-0.09%
5 Years23.87%
3 Years6.88%
TTM850%
Return on Capital
10 Years4.73%
5 Years1.79%
3 Years-1.28%
Last Year-
HTFB Recent Earnings
Horizon Technology Finance Corporation (HTFB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/9 qtrs (33%)●Beat Revenue 1/9 qtrs (33%)
Q2 2026Latest
Mar 3, 2026EPS
$0.80
Revenue
$21M
Q4 2025
Oct 28, 2025EPS
$0.31
Est $0.30
+4.7%
Revenue
$4M
Est $22M
-82.9%
Q3 2025
Aug 7, 2025EPS
$0.50
Est $0.28
-281.8%
Revenue
$15M
Est $22M
-31.5%
Q2 2025
Apr 29, 2025EPS
$0.28
Est $0.28
-3.0%
Revenue
$25M
Est $22M
+9.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 3, 2026 | $0.80 | $21M |
| Q4 2025 | Oct 28, 2025 | $0.31vs $0.30+4.7% | $4Mvs $22M-82.9% |
| Q3 2025 | Aug 7, 2025 | $0.50vs $0.28-281.8% | $15Mvs $22M-31.5% |
| Q2 2025 | Apr 29, 2025 | $0.28vs $0.28-3.0% | $25Mvs $22M+9.0% |
Based on last 9 quarters of dataView full earnings history →
HTFB Peer Comparison
Horizon Technology Finance Corporation (HTFB) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TPVG | 242.54M | 5.99 | 4.91 | 36.55% | -3.39% | 1.33 | ||
 HRZN | 199.02M | 4.51 | 4.30 | 17.91% | 8.95% | 1.49 | ||
 SUNS | 103.48M | 7.71 | 8.12 | 148.14% | 46.04% | 6.6% | 0.67 | |
 SLRC | 745.22M | 13.66 | 8.04 | 24.76% | 7.31% | 1.15 | ||
 PFLT | 888M | 8.95 | 12.43 | 2.2% | 11.17% | 1.65 | ||
 GAIN | 657.46M | 16.51 | 9.28 | -12.88% | 21.89% | 0.91 | ||
 ARCC | 13.61B | 18.96 | 10.19 | 32.87% | 8.11% | 1.12 | ||
 GBDC | 3.43B | 13.15 | 9.26 | 42.5% | 5.24% | 1.23 |
Compare HTFB vs Peers
Horizon Technology Finance Corporation (HTFB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HTFB Income Statement
Horizon Technology Finance Corporation (HTFB) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -5.17M | 22.42M | 28.76M | 32.52M | 42.38M | 58.16M | 81.16M | 64.71M | 0 |
| NII Growth % | 12.1% | 533.97% | 28.24% | 13.09% | 30.31% | 37.25% | 39.53% | -20.27% | -100% |
| Net Interest Margin % | -2.21% | 8.41% | 8.36% | 7.99% | 8.25% | 7.59% | 10.12% | 7.87% | 0% |
| Interest Income | 0 | 28.79M | 37.09M | 42.19M | 54.41M | 77.37M | 110.13M | 96.97M | 87.82M |
| Interest Expense | 5.17M | 6.36M | 8.33M | 9.67M | 12.03M | 19.2M | 28.97M | 32.26M | 32.8M |
| Loan Loss Provision | 953K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32.8M |
| Non-Interest Income | 12.4M | -7.52M | -7.46M | -22.19M | -9.11M | -31.52M | -91.03M | -63.02M | 8.2M |
| Non-Interest Income % | 100% | -35.38% | -25.16% | -110.91% | -20.11% | -68.76% | -476.6% | -185.68% | 8.54% |
| 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% | 96.02M▲ 182.9% |
| Revenue Growth % | 805.17% | 71.42% | 39.35% | -32.49% | 126.44% | 1.2% | -58.34% | 77.71% | 182.88% |
| Non-Interest Expense | 2.79M | 1.86M | 1.56M | 3.75M | 5.08M | 4.78M | 5.82M | 5.84M | 6M |
| Efficiency Ratio | 22.48% | 8.73% | 5.28% | 18.73% | 11.22% | 10.42% | 30.49% | 17.22% | 6.25% |
| 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% | 0▲ 100.0% |
| Operating Margin % | 99.34% | 61.35% | 66.61% | 32.92% | 62.21% | 47.7% | -82.17% | -12.25% | 0% |
| Operating Income Growth % | -27.57% | 5.86% | 51.31% | -66.63% | 327.92% | -22.41% | -171.78% | 73.51% | 100% |
| 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% | 45.48M▲ 1194.0% |
| Pretax Margin % | 77.52% | 61.35% | 66.61% | 32.92% | 62.21% | 47.7% | -82.17% | -12.25% | 47.36% |
| Income Tax | 25K | 34K | 239K | 222K | 401K | 715K | 1.49M | 1.48M | 0 |
| Effective Tax Rate % | 0.26% | 0.26% | 1.21% | 3.37% | 1.42% | 3.27% | -9.49% | -35.51% | 0% |
| 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% | 45.48M▲ 907.3% |
| Net Margin % | 77.32% | 61.19% | 65.8% | 31.81% | 61.33% | 46.14% | -89.97% | -16.6% | 47.36% |
| Net Income Growth % | 295.22% | 35.65% | 49.87% | -67.36% | 336.55% | -23.87% | -181.25% | 67.22% | 907.31% |
| Net Income (Continuing) | 9.59M | 13.01M | 19.5M | 6.36M | 27.78M | 21.15M | -17.18M | -5.63M | 45.48M |
| 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% |
| EPS Growth % | 293.02% | 36.14% | 28.32% | -75.17% | 286.11% | -38.13% | -165.12% | 71.43% | 756.25% |
| 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 |
HTFB Balance Sheet
Horizon Technology Finance Corporation (HTFB) 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 6.59M | 12.59M | 6.46M | 19.5M | 38.05M | 20.61M | 46.63M | 70.26M | 105.52M |
| Cash & Due from Banks | 6.59M | 12.59M | 6.46M | 19.5M | 38.05M | 20.61M | 46.63M | 70.26M | 105.52M |
| Short Term Investments | 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 |
| Investments Growth % | 14.48% | 11.86% | 32.56% | 15.31% | 22.7% | 56.05% | 1.16% | -1.41% | -10.74% |
| Long-Term Investments | 222.1M | 248.44M | 329.34M | 379.74M | 465.94M | 727.09M | 735.53M | 725.16M | 0 |
| Accounts Receivables | 3.99M | 3.97M | 5.53M | 4.95M | 6.15M | 13.57M | 13.93M | 16.56M | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 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 | 693.5M |
| Total Current Assets | 10.58M | 16.56M | 13.13M | 25.5M | 45.57M | 36.97M | 63.2M | 90.16M | 117.61M |
| Total Non-Current Assets | 223.57M | 250.19M | 330.87M | 381.65M | 468.39M | 729.85M | 739.16M | 731.67M | 693.5M |
| 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% |
| Asset Growth % | -2.13% | 13.92% | 28.96% | 18.36% | 26.23% | 49.2% | 4.63% | 2.43% | -1.31% |
| Return on Assets (ROA) | 4.05% | 5.19% | 6.38% | 1.69% | 6.03% | 3.3% | -2.19% | -0.69% | 5.57% |
| Accounts Payable | 3.46M | 3.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 94.08M | 126.85M | 152.05M | 185.82M | 257.61M | 434.08M | 462.24M | 467.9M | 0 |
| Net Debt | 87.48M | 114.26M | 145.59M | 166.32M | 219.56M | 413.47M | 415.61M | 397.64M | -105.52M |
| Long-Term Debt | 0 | 126.85M | 152.05M | 185.82M | 257.61M | 434.08M | 462.24M | 467.9M | 0 |
| Short-Term Debt | 94.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 99.07M | 5.64M | 7.9M | 8.74M | 11.01M | 14.3M | 16.14M | 17.75M | 0 |
| Total Non-Current Liabilities | 0 | 126.85M | 152.05M | 185.82M | 257.61M | 434.08M | 462.24M | 467.9M | 0 |
| Total Liabilities | 99.07M | 132.49M | 159.95M | 194.56M | 268.63M | 448.38M | 478.38M | 485.65M | 492.6M |
| 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% |
| Equity Growth % | -2.96% | -0.61% | 37.09% | 15.51% | 15.4% | 29.8% | 1.74% | 3.77% | -5.26% |
| Equity / Assets (Capital Ratio) | 57.69% | 50.33% | 53.5% | 52.21% | 47.73% | 41.53% | 40.38% | 40.91% | 39.27% |
| Return on Equity (ROE) | 6.99% | 9.66% | 12.25% | 3.21% | 12.13% | 7.5% | -5.35% | -1.71% | 13.89% |
| Book Value per Share | 11.73 | 11.65 | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 9.31 | 7.52 |
| Tangible BV per Share | 11.73 | 11.65 | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 9.31 | 7.52 |
| Common Stock | 12K | 12K | 16K | 19K | 22K | 29K | 36K | 44K | 51K |
| Additional Paid-in Capital | 179.64M | 179.62M | 226.66M | 271.29M | 301.36M | 385.92M | 450.95M | 518.2M | 0 |
| Retained Earnings | -44.58M | -45.37M | -42.62M | -58.71M | -56.05M | -67.5M | -127M | -182.06M | 0 |
| Accumulated OCI | -42.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
HTFB Cash Flow Statement
Horizon Technology Finance Corporation (HTFB) 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -14.84M | -12.06M | 17.56M | -25.28M | -75.99M | -246.28M | 50.07M | 39.64M | 56.63M |
| Operating CF Growth % | -128.37% | 18.75% | 245.61% | -243.99% | -200.58% | -224.08% | 120.33% | -20.84% | 42.86% |
| Net Income | 9.59M | 13.01M | 19.5M | 6.36M | 27.78M | 21.15M | -17.18M | -5.63M | 45.48M |
| Depreciation & Amortization | 795K | 554K | 0 | 1.02M | 1.09M | 1.6M | 0 | 0 | 2.65M |
| Deferred Taxes | 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 | 8.51M |
| Working Capital Changes | 1.99M | -391K | -2.12M | -1.94M | -1.82M | -7.92M | -4.62M | -6.31M | 0 |
| Cash from Investing | -133.72M | -96.8M | -68.96M | -190.23M | -291.49M | -372.01M | -55.33M | -35.7M | -217.79M |
| Purchase of Investments | -135.56M | -101.26M | -202.73M | -198.56M | -344.44M | -421.98M | -218.69M | -182.36M | -223.82M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Net Investment Activity | -134.56M | -100.26M | -201.73M | -197.56M | -343.45M | -420.98M | -217.69M | -181.36M | -222.82M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -15.7M | 18.05M | 56.2M | 55.66M | 75.52M | 229.46M | 50.51M | 21.21M | -14.8M |
| Dividends Paid | -13.65M | -13.67M | -15.59M | -21.32M | -24.55M | -29.85M | -40.52M | -46.37M | 0 |
| Share Repurchases | -59K | 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 |
| Net Stock Activity | -59K | -155K | 47.1M | 44.61M | 30.09M | 84.6M | 65.09M | 66.35M | 14.08M |
| Debt Issuance (Net) | -625K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Financing | -1.37M | -777K | 0 | -890K | -2.65M | -4.36M | -735K | 0 | -14.8M |
| 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% |
| Exchange Rate Effect | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 146K | -696K | 0 |
| Cash at Beginning | 37.13M | 6.59M | 12.59M | 17.39M | 47.76M | 47.28M | 30.47M | 73.08M | 100.87M |
| Cash at End | 6.59M | 12.59M | 6.46M | 47.76M | 47.28M | 30.47M | 75.72M | 97.53M | 142.69M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 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% |
| FCF Growth % | -128.37% | 18.75% | 245.61% | -243.99% | -200.58% | -224.08% | 120.33% | -20.84% | 42.86% |
HTFB Banking Ratios
Horizon Technology Finance Corporation (HTFB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -3.29% | 6.99% | 9.66% | 12.25% | 3.21% | 12.13% | 7.5% | -5.35% | -1.71% | 13.89% |
| Return on Assets (ROA) | -1.89% | 4.05% | 5.19% | 6.38% | 1.69% | 6.03% | 3.3% | -2.19% | -0.69% | 5.57% |
| Net Interest Margin | -2.46% | -2.21% | 8.41% | 8.36% | 7.99% | 8.25% | 7.59% | 10.12% | 7.87% | 0% |
| Efficiency Ratio | -184.25% | 22.48% | 8.73% | 5.28% | 18.73% | 11.22% | 10.42% | 30.49% | 17.22% | 6.25% |
| Equity / Assets | 58.18% | 57.69% | 50.33% | 53.5% | 52.21% | 47.73% | 41.53% | 40.38% | 40.91% | 39.27% |
| Book Value / Share | 12.06 | 11.73 | 11.65 | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 9.31 | 7.52 |
| NII Growth | -2.1% | 12.1% | 533.97% | 28.24% | 13.09% | 30.31% | 37.25% | 39.53% | -20.27% | -100% |
| Dividend Payout | - | 142.28% | 105.06% | - | 334.95% | 88.37% | 141.11% | - | - | - |
HTFB SEC Filings & Documents
Horizon Technology Finance Corporation (HTFB) SEC filings — annual & quarterly reports (10-K, 10-Q)
HTFB Frequently Asked Questions
Horizon Technology Finance Corporation (HTFB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Horizon Technology Finance Corporation (HTFB) grew revenue by 182.9% over the past year. This is strong growth.
Yes, Horizon Technology Finance Corporation (HTFB) is profitable, generating $45.5M in net income for fiscal year 2025 (47.4% net margin).
Dividend & Returns
Yes, Horizon Technology Finance Corporation (HTFB) pays a dividend with a yield of 4.99%. This makes it attractive for income-focused investors.
Horizon Technology Finance Corporation (HTFB) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.
Industry Metrics
Horizon Technology Finance Corporation (HTFB) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.
Horizon Technology Finance Corporation (HTFB) has an efficiency ratio of 6.2%. This is excellent, indicating strong cost control.
Explore More HTFB
Horizon Technology Finance Corporation (HTFB) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates