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May 14, 2026·SEC
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Horizon Technology Finance Corp(HTFC)Earnings, Financials & Key Ratios
HTFC•NYSE
$24.74
Price updated Jun 27, 2026
AboutHorizon Technology Finance Corp. operates as a specialty finance company, which engages in the provision of capital in the form of secured loans to venture capital backed companies. It is also involved in lending and investing in portfolio companies in technology, life science, healthcare information and services and cleantech industries. The company was founded by John C. Bombara, Daniel S. Devorsetz, Robert D. Pomeroy and Gerald A. Michaud on March 16, 2010 and is headquartered in Farmington, CT.Show more
- EBITDA-$2M+61.6%
- Net Income-$3M+52.8%
- EPS (Diluted)-0.06+60.8%
- Gross Margin18.03%+262.9%
- EBITDA Margin-3.99%+67.4%
- Operating Margin-3.99%+67.4%
- Net Margin-6.65%+59.9%
- ROE-0.81%+52.4%
HTFC Price & Volume
Horizon Technology Finance Corp (HTFC) stock price & volume — 10-year historical chart
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Erratic Revenue Volatility Masks Structural Margin Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Strained
Cash Flow:Mixed
Primary Risk:Portfolio Credit Quality Volatility
Key Thesis Takeaways
- Horizon Technology Finance Corp faces significant fundamental headwinds characterized by extreme revenue volatility and a deteriorating retained earnings base, which has fallen to -$241.4M as of 2026Q1.
- While the firm maintains a 5.1% dividend yield, the sustainability of these payouts appears questionable given the inconsistent net income and the recurring reliance on non-cash adjustments to support liquidity.
- Investors should exercise caution as the firm navigates a challenging venture debt environment with a debt-to-equity ratio of 1.34 and persistent margin compression.
Verdict Logic
the firm's inability to maintain stable profitability, evidenced by a negative TTM net margin of 6.65%, suggests that the current dividend payout policy may be unsustainable without further capital base depletion.
HTFC Growth Metrics
Horizon Technology Finance Corp (HTFC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.34%
5 Years14.88%
3 Years-4.43%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM160.33%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM422.08%
Return on Capital
10 Years4.23%
5 Years1.39%
3 Years-0.92%
Last Year-0.21%
HTFC Recent Earnings
Horizon Technology Finance Corp (HTFC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/9 qtrs (20%)●Beat Revenue 3/9 qtrs (60%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.19-24.9%
$0.25
Rev
$24M+39.5%
$17M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.27+0.0%
$0.27
Rev
$17M+0.0%
$17M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$0.31+4.7%
$0.30
Rev
$26M+18.8%
$22M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.50-281.8%
$0.28
Rev
$15M-31.5%
$22M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.19vs $0.25-24.9% | $24Mvs $17M+39.5% |
| Q1 2026 | Feb 25, 2026 | $0.27vs $0.27+0.0% | $17Mvs $17M+0.0% |
| Q4 2025 | Oct 28, 2025 | $0.31vs $0.30+4.7% | $26Mvs $22M+18.8% |
| Q3 2025 | Aug 7, 2025 | $0.50vs $0.28-281.8% | $15Mvs $22M-31.5% |
Based on last 9 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Horizon Technology Finance Corp (HTFC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $24.74 | $1.15B | -393.95 | 17.91% | -6.65% | -0.81% | 5.07% | |
| $4.70 | $190.82M | 3.85 | 36.55% | -19.55% | -3.39% | — | |
| $4.41 | $194.61M | 4.20 | 17.91% | 37.39% | 8.95% | — | |
| $15.16 | $603.7M | 3.18 | -20.47% | 173.56% | 34.04% | — | |
| $23.15 | $1.44B | 12.18 | 50.13% | 50.89% | 11.68% | — | |
| $18.19 | $13.06B | 9.78 | 32.87% | 43.69% | 8.11% | — |
Compare HTFC vs Peers
Horizon Technology Finance Corp (HTFC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HTFC SEC Filings & Documents
Horizon Technology Finance Corp (HTFC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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HTFC Frequently Asked Questions
Horizon Technology Finance Corp (HTFC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Horizon Technology Finance Corp's revenue?
Horizon Technology Finance Corp (HTFC) reported $74.8M in revenue for fiscal year 2025.
How fast is Horizon Technology Finance Corp growing?
Horizon Technology Finance Corp (HTFC) grew revenue by 17.9% over the past year. This is strong growth.
Is HTFC profitable?
Yes, Horizon Technology Finance Corp (HTFC) is profitable, generating $21.6M in net income for fiscal year 2025 (-6.6% net margin).
Dividend & Returns
Does HTFC pay dividends?
Yes, Horizon Technology Finance Corp (HTFC) pays a dividend with a yield of 5.07%. This makes it attractive for income-focused investors.
What is HTFC's return on equity?
Horizon Technology Finance Corp (HTFC) has a return on equity (ROE) of -0.8%. Negative ROE indicates the company is unprofitable.
What is Horizon Technology Finance Corp's free cash flow?
Horizon Technology Finance Corp (HTFC) generated $119.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.