Horizon Technology Finance Corporation (HTFB) Revenue History
Annual and quarterly revenue from 2009 to present
HTFB Revenue Over Time (2009–2025)
HTFB Revenue Growth History
7 of 15 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- -6.3%
- FY2011 revenue growth
- -3.5%
- FY2012 revenue growth
- -50.5%
- FY2013 revenue growth
- -1.3%
- FY2014 revenue growth
- +188.4%
- FY2015 revenue growth
- -28.2%
- FY2016 revenue growth
- -111.8%
- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +71.4%
- FY2019 revenue growth
- +39.4%
- FY2020 revenue growth
- -32.5%
- FY2021 revenue growth
- +126.4%
- FY2022 revenue growth
- +1.2%
- FY2023 revenue growth
- -58.3%
- FY2024 revenue growth
- +77.7%
- FY2025 revenue growth
- +20.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $-2,629,000 | — |
| Q3 2025 | $41.6M | — |
| Q2 2025 | $-9,889,000 | — |
| Q1 2025 | $-10,819,000 | — |
| Q4 2024 | $-2,396,000 | — |
| Q3 2024 | $17.0M | — |
| Q2 2024 | $604K | — |
| Q1 2024 | $18.7M | — |
Multi-year avg. share of annual revenue by fiscal quarter
HTFB Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 30, 2026, Horizon Technology Finance Corporation (HTFB) generated trailing twelve-month (TTM) revenue of $18.2 million. The most recent quarter (Q4 2025) recorded $-2,629,000 in revenue, down 106.3% sequentially.
Historical Growth Trajectory
HTFB's 5-year compound annual growth rate (CAGR) stands at +15.4%, indicating consistent double-digit revenue growth. The 3-year CAGR of -3.7% is below the 5-year average, signalling a growth deceleration in recent years. Horizon Technology Finance Corporation's highest annual revenue of $45.8 million was recorded in 2022.
Peer Comparison
Compared to Financial Services sector peers — including TPVG, HRZN, and SUNS (+133.7% YoY). Compare HTFB vs TPVG →
HTFB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HTFBCurrent | $18M | - | +15.4% | 80.6% | |
 TPVG | $97M | - | - | 77.9% | |
 HRZN | $40M | - | - | -4.0% | |
 SUNS | $26M | +133.7% | - | 64.2% | |
 SLRC | $220M | - | - | 72.9% | |
 PFLT | $172M | - | - | 39.4% |
HTFB Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $40.9M | - | $27.6M | 67.6% | $33.0M | 80.6% |
| 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% |
| 2015 | $15.0M | - | $7.1M | 47.2% | $14.0M | 93.5% |
| 2014 | $20.8M | - | $20.8M | 100.0% | $10.9M | 52.2% |
| 2013 | $7.2M | - | $7.2M | 100.0% | $13.5M | 186.9% |
| 2012 | $7.3M | - | $22.5M | 306.7% | $12.2M | 167.0% |
| 2011 | $14.8M | - | $10.6M | 71.6% | $16.4M | 111.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
HTFB — Frequently Asked Questions
Quick answers to the most common questions about buying HTFB stock.
Is HTFB's revenue growth accelerating or slowing?
HTFB TTM revenue: $18M. YoY growth: N/A. 5-year CAGR: +15.4%.
What is HTFB's revenue history from 2009 to 2026?
Horizon Technology Finance Corporation (HTFB) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $18M, growing at N/A YoY. The 5-year CAGR is +15.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HTFB's long-term revenue growth rate (CAGR)?
Horizon Technology Finance Corporation's 5-year revenue CAGR of +15.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of N/A is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HTFB.
Why does HTFB's quarterly revenue fluctuate?
HTFB quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Horizon Technology Finance Corporation's revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is HTFB's revenue distributed by segment?
HTFB reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does HTFB's revenue compare to industry peers?
Horizon Technology Finance Corporation (HTFB) with TTM revenue of $18M and N/A YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.