Horizon Technology Finance Corp (HTFC) 10-Year Financial Performance & Capital Metrics

HTFC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

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

Net Interest Income $65M -20.3%
Total Revenue $34M +77.7%
Net Income -$6M +67.2%
Return on Equity -1.71% +68.1%
Net Interest Margin 7.87% -22.2%
Efficiency Ratio 17.22% -43.5%
ROA -0.69% +68.3%
Equity / Assets 40.91% +1.3%
Book Value per Share 9.31 -11.0%
Tangible BV/Share 9.31 -11.0%
Debt/Equity 1.39 -2.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Strong NIM of 7.9%
✓Efficient operations: 17.2% efficiency ratio
✓Well capitalized: 40.9% equity/assets
✓Healthy dividend yield of 5.2%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 0.1%
✗Shares diluted 16.6% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5%

5Y2.75%

3Y-9.17%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-519.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM-116.67%

ROCE

10Y Avg5.19%

5Y Avg1.79%

3Y Avg0.31%

Latest-0.52%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-5.76M	-5.88M	-5.17M	22.42M	28.76M	32.52M	42.38M	58.16M	81.16M	64.71M
NII Growth %	0.34%	-0.02%	0.12%	5.34%	0.28%	0.13%	0.3%	0.37%	0.4%	-0.2%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	28.79M	37.09M	42.19M	54.41M	77.37M	110.13M	96.97M
Interest Expense	5.76M	5.88M	5.17M	6.36M	8.33M	9.67M	12.03M	19.2M	28.97M	32.26M
Loan Loss Provision	2.15M	1.84M	953K	0	0	0	0	0	0	0
Non-Interest Income+	14.96M	-1.76M	12.4M	-7.52M	-7.46M	-22.19M	-9.11M	-31.52M	-91.03M	-63.02M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	14.96M	-1.76M	12.4M	21.26M	29.63M	20M	45.3M	45.84M	19.1M	33.94M
Revenue Growth %	-0.28%	-1.12%	8.05%	0.71%	0.39%	-0.32%	1.26%	0.01%	-0.58%	0.78%
Non-Interest Expense	3.11M	3.24M	2.79M	1.86M	1.56M	3.75M	5.08M	4.78M	5.82M	5.84M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	14M	17.01M	12.32M	13.04M	19.74M	6.59M	28.18M	21.87M	-15.7M	-4.16M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.29%	0.22%	-0.28%	0.06%	0.51%	-0.67%	3.28%	-0.22%	-1.72%	0.74%
Pretax Income+	11.86M	-5M	9.62M	13.04M	19.74M	6.59M	28.18M	21.87M	-15.7M	-4.16M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	-87K	25K	34K	239K	222K	401K	715K	1.49M	1.48M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	11.86M	-4.91M	9.59M	13.01M	19.5M	6.36M	27.78M	21.15M	-17.18M	-5.63M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.23%	-1.41%	2.95%	0.36%	0.5%	-0.67%	3.37%	-0.24%	-1.81%	0.67%
Net Income (Continuing)	11.86M	-4.91M	9.59M	13.01M	19.5M	6.36M	27.78M	21.15M	-17.18M	-5.63M
EPS (Diluted)+	1.06	-0.43	0.83	1.13	1.45	0.36	1.39	0.86	-0.56	-0.16
EPS Growth %	-0.34%	-1.41%	2.93%	0.36%	0.28%	-0.75%	2.86%	-0.38%	-1.65%	0.71%
EPS (Basic)	1.06	-0.43	0.83	1.13	1.45	0.36	1.39	0.86	-0.56	-0.16
Diluted Shares Outstanding	11.18M	11.54M	11.52M	11.53M	13.48M	17.53M	20.03M	24.73M	30.96M	36.1M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	20.77M	37.13M	6.59M	12.59M	6.46M	19.5M	38.05M	20.61M	46.63M	70.26M
Short Term Investments	285K	0	0	0	0	0	0	0	0	0
Total Investments+	250.84M	194M	222.1M	248.44M	329.34M	379.74M	465.94M	727.09M	735.53M	725.16M
Investments Growth %	0.21%	-0.23%	0.14%	0.12%	0.33%	0.15%	0.23%	0.56%	0.01%	-0.01%
Long-Term Investments	250.55M	194M	222.1M	248.44M	329.34M	379.74M	465.94M	727.09M	735.53M	725.16M
Accounts Receivables	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
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	-285K	2.08M	1.47M	1.75M	1.53M	1.91M	2.45M	2.76M	3.62M	6.51M
Total Current Assets	31.22M	43.17M	10.58M	16.56M	13.13M	25.5M	45.57M	36.97M	63.2M	90.16M
Total Non-Current Assets	250.27M	196.08M	223.57M	250.19M	330.87M	381.65M	468.39M	729.85M	739.16M	731.67M
Total Assets+	281.49M	239.25M	234.15M	266.75M	344M	407.16M	513.96M	766.83M	802.36M	821.83M
Asset Growth %	0.25%	-0.15%	-0.02%	0.14%	0.29%	0.18%	0.26%	0.49%	0.05%	0.02%
Return on Assets (ROA)	0.05%	-0.02%	0.04%	0.05%	0.06%	0.02%	0.06%	0.03%	-0.02%	-0.01%
Accounts Payable	3.98M	3.45M	3.46M	3.46M	0	0	0	0	0	0
Total Debt+	115.55M	95.6M	94.08M	126.85M	152.05M	185.82M	257.61M	434.08M	462.24M	467.9M
Net Debt	94.78M	58.46M	87.48M	114.26M	145.59M	166.32M	219.56M	413.47M	415.61M	397.64M
Long-Term Debt	115.55M	0	0	126.85M	152.05M	185.82M	257.61M	434.08M	462.24M	467.9M
Short-Term Debt	0	95.6M	94.08M	0	0	0	0	0	0	0
Other Liabilities	-115.55M	0	0	0	0	0	0	0	0	0
Total Current Liabilities	121.74M	100.06M	99.07M	5.64M	7.9M	8.74M	11.01M	14.3M	16.14M	17.75M
Total Non-Current Liabilities	119.53M	0	0	126.85M	152.05M	185.82M	257.61M	434.08M	462.24M	467.9M
Total Liabilities	121.74M	100.06M	99.07M	132.49M	159.95M	194.56M	268.63M	448.38M	478.38M	485.65M
Total Equity+	159.75M	139.19M	135.07M	134.26M	184.06M	212.6M	245.34M	318.45M	323.98M	336.18M
Equity Growth %	0.16%	-0.13%	-0.03%	-0.01%	0.37%	0.16%	0.15%	0.3%	0.02%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	-0.03%	0.07%	0.1%	0.12%	0.03%	0.12%	0.08%	-0.05%	-0.02%
Book Value per Share	14.29	12.06	11.73	11.65	13.66	12.12	12.25	12.88	10.47	9.31
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	12K	12K	12K	12K	16K	19K	22K	29K	36K	44K
Additional Paid-in Capital	179.71M	179.55M	179.64M	179.62M	226.66M	271.29M	301.36M	385.92M	450.95M	518.2M
Retained Earnings	-2.01M	-397K	-44.58M	-45.37M	-42.62M	-58.71M	-56.05M	-67.5M	-127M	-182.06M
Accumulated OCI	-17.96M	-39.97M	-42.68M	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

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-31.33M	52.31M	-14.84M	-12.06M	17.56M	-25.28M	-75.99M	-246.28M	50.07M	39.64M
Operating CF Growth %	-1.85%	2.67%	-1.28%	0.19%	2.46%	-2.44%	-2.01%	-2.24%	1.2%	-0.21%
Net Income	11.86M	-4.91M	9.59M	13.01M	19.5M	6.36M	27.78M	21.15M	-17.18M	-5.63M
Depreciation & Amortization	911K	562K	795K	554K	0	1.02M	1.09M	1.6M	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-44.83M	58.85M	-27.22M	-25.23M	177K	-30.72M	-103.04M	-261.11M	71.88M	51.58M
Working Capital Changes	735K	-2.19M	1.99M	-391K	-2.12M	-1.94M	-1.82M	-7.92M	-4.62M	-6.31M
Cash from Investing+	-121.61M	-58.87M	-133.72M	-96.8M	-68.96M	-190.23M	-291.49M	-372.01M	-55.33M	-35.7M
Purchase of Investments	-123.28M	-59.86M	-135.56M	-101.26M	-202.73M	-198.56M	-344.44M	-421.98M	-218.69M	-182.36M
Sale/Maturity of Investments	1000K	984K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	43.68M	-35.94M	-15.7M	18.05M	56.2M	55.66M	75.52M	229.46M	50.51M	21.21M
Dividends Paid	-14.89M	-15.66M	-13.65M	-13.67M	-15.59M	-21.32M	-24.55M	-29.85M	-40.52M	-46.37M
Share Repurchases	-1.31M	-516K	-59K	0	0	0	0	0	0	0
Stock Issued	26.51M	0	0	-155K	47.1M	44.61M	30.09M	84.6M	65.09M	66.35M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-625K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	26.09M	-221K	-1.37M	-777K	0	-890K	-2.65M	-4.36M	-735K	0
Net Change in Cash+	12.35M	16.37M	-30.54M	6M	-6.13M	30.37M	-477K	-16.82M	45.26M	24.45M
Exchange Rate Effect	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	146K	-696K
Cash at Beginning	8.42M	20.77M	37.13M	6.59M	12.59M	17.39M	47.76M	47.28M	30.47M	73.08M
Cash at End	20.77M	37.13M	6.59M	12.59M	6.46M	47.76M	47.28M	30.47M	75.72M	97.53M
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+	-31.33M	52.31M	-14.84M	-12.06M	17.56M	-25.28M	-75.99M	-246.28M	50.07M	39.64M
FCF Growth %	-1.85%	2.67%	-1.28%	0.19%	2.46%	-2.44%	-2.01%	-2.24%	1.2%	-0.21%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.96%	-3.29%	6.99%	9.66%	12.25%	3.21%	12.13%	7.5%	-5.35%	-1.71%
Return on Assets (ROA)	4.68%	-1.89%	4.05%	5.19%	6.38%	1.69%	6.03%	3.3%	-2.19%	-0.69%
Net Interest Margin	-2.05%	-2.46%	-2.21%	8.41%	8.36%	7.99%	8.25%	7.59%	10.12%	7.87%
Efficiency Ratio	20.78%	-184.25%	22.48%	8.73%	5.28%	18.73%	11.22%	10.42%	30.49%	17.22%
Equity / Assets	56.75%	58.18%	57.69%	50.33%	53.5%	52.21%	47.73%	41.53%	40.38%	40.91%
Book Value / Share	14.29	12.06	11.73	11.65	13.66	12.12	12.25	12.88	10.47	9.31
NII Growth	33.88%	-2.1%	12.1%	533.97%	28.24%	13.09%	30.31%	37.25%	39.53%	-20.27%
Dividend Payout	125.57%	-	142.28%	105.06%	-	334.95%	88.37%	141.11%	-	-

Frequently Asked Questions

Growth & Financials

Horizon Technology Finance Corp (HTFC) grew revenue by 77.7% over the past year. This is strong growth.

Horizon Technology Finance Corp (HTFC) reported a net loss of $23.9M for fiscal year 2024.

Dividend & Returns

Yes, Horizon Technology Finance Corp (HTFC) pays a dividend with a yield of 5.16%. This makes it attractive for income-focused investors.

Horizon Technology Finance Corp (HTFC) has a return on equity (ROE) of -1.7%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Horizon Technology Finance Corp (HTFC) has a net interest margin (NIM) of 7.9%. This indicates healthy earnings from lending activities.

Horizon Technology Finance Corp (HTFC) has an efficiency ratio of 17.2%. This is excellent, indicating strong cost control.

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Horizon Technology Finance Corp (HTFC) 10-Year Financial Performance & Capital Metrics

HTFC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

Net Interest Income $65M -20.3%
Total Revenue $34M +77.7%
Net Income -$6M +67.2%
Return on Equity -1.71% +68.1%
Net Interest Margin 7.87% -22.2%
Efficiency Ratio 17.22% -43.5%
ROA -0.69% +68.3%
Equity / Assets 40.91% +1.3%
Book Value per Share 9.31 -11.0%
Tangible BV/Share 9.31 -11.0%
Debt/Equity 1.39 -2.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Strong NIM of 7.9%
✓Efficient operations: 17.2% efficiency ratio
✓Well capitalized: 40.9% equity/assets
✓Healthy dividend yield of 5.2%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 0.1%
✗Shares diluted 16.6% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5%

5Y2.75%

3Y-9.17%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-519.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM-116.67%

ROCE

10Y Avg5.19%

5Y Avg1.79%

3Y Avg0.31%

Latest-0.52%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-5.76M	-5.88M	-5.17M	22.42M	28.76M	32.52M	42.38M	58.16M	81.16M	64.71M
NII Growth %	0.34%	-0.02%	0.12%	5.34%	0.28%	0.13%	0.3%	0.37%	0.4%	-0.2%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	28.79M	37.09M	42.19M	54.41M	77.37M	110.13M	96.97M
Interest Expense	5.76M	5.88M	5.17M	6.36M	8.33M	9.67M	12.03M	19.2M	28.97M	32.26M
Loan Loss Provision	2.15M	1.84M	953K	0	0	0	0	0	0	0
Non-Interest Income+	14.96M	-1.76M	12.4M	-7.52M	-7.46M	-22.19M	-9.11M	-31.52M	-91.03M	-63.02M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	14.96M	-1.76M	12.4M	21.26M	29.63M	20M	45.3M	45.84M	19.1M	33.94M
Revenue Growth %	-0.28%	-1.12%	8.05%	0.71%	0.39%	-0.32%	1.26%	0.01%	-0.58%	0.78%
Non-Interest Expense	3.11M	3.24M	2.79M	1.86M	1.56M	3.75M	5.08M	4.78M	5.82M	5.84M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	14M	17.01M	12.32M	13.04M	19.74M	6.59M	28.18M	21.87M	-15.7M	-4.16M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.29%	0.22%	-0.28%	0.06%	0.51%	-0.67%	3.28%	-0.22%	-1.72%	0.74%
Pretax Income+	11.86M	-5M	9.62M	13.04M	19.74M	6.59M	28.18M	21.87M	-15.7M	-4.16M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	-87K	25K	34K	239K	222K	401K	715K	1.49M	1.48M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	11.86M	-4.91M	9.59M	13.01M	19.5M	6.36M	27.78M	21.15M	-17.18M	-5.63M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.23%	-1.41%	2.95%	0.36%	0.5%	-0.67%	3.37%	-0.24%	-1.81%	0.67%
Net Income (Continuing)	11.86M	-4.91M	9.59M	13.01M	19.5M	6.36M	27.78M	21.15M	-17.18M	-5.63M
EPS (Diluted)+	1.06	-0.43	0.83	1.13	1.45	0.36	1.39	0.86	-0.56	-0.16
EPS Growth %	-0.34%	-1.41%	2.93%	0.36%	0.28%	-0.75%	2.86%	-0.38%	-1.65%	0.71%
EPS (Basic)	1.06	-0.43	0.83	1.13	1.45	0.36	1.39	0.86	-0.56	-0.16
Diluted Shares Outstanding	11.18M	11.54M	11.52M	11.53M	13.48M	17.53M	20.03M	24.73M	30.96M	36.1M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	20.77M	37.13M	6.59M	12.59M	6.46M	19.5M	38.05M	20.61M	46.63M	70.26M
Short Term Investments	285K	0	0	0	0	0	0	0	0	0
Total Investments+	250.84M	194M	222.1M	248.44M	329.34M	379.74M	465.94M	727.09M	735.53M	725.16M
Investments Growth %	0.21%	-0.23%	0.14%	0.12%	0.33%	0.15%	0.23%	0.56%	0.01%	-0.01%
Long-Term Investments	250.55M	194M	222.1M	248.44M	329.34M	379.74M	465.94M	727.09M	735.53M	725.16M
Accounts Receivables	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
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	-285K	2.08M	1.47M	1.75M	1.53M	1.91M	2.45M	2.76M	3.62M	6.51M
Total Current Assets	31.22M	43.17M	10.58M	16.56M	13.13M	25.5M	45.57M	36.97M	63.2M	90.16M
Total Non-Current Assets	250.27M	196.08M	223.57M	250.19M	330.87M	381.65M	468.39M	729.85M	739.16M	731.67M
Total Assets+	281.49M	239.25M	234.15M	266.75M	344M	407.16M	513.96M	766.83M	802.36M	821.83M
Asset Growth %	0.25%	-0.15%	-0.02%	0.14%	0.29%	0.18%	0.26%	0.49%	0.05%	0.02%
Return on Assets (ROA)	0.05%	-0.02%	0.04%	0.05%	0.06%	0.02%	0.06%	0.03%	-0.02%	-0.01%
Accounts Payable	3.98M	3.45M	3.46M	3.46M	0	0	0	0	0	0
Total Debt+	115.55M	95.6M	94.08M	126.85M	152.05M	185.82M	257.61M	434.08M	462.24M	467.9M
Net Debt	94.78M	58.46M	87.48M	114.26M	145.59M	166.32M	219.56M	413.47M	415.61M	397.64M
Long-Term Debt	115.55M	0	0	126.85M	152.05M	185.82M	257.61M	434.08M	462.24M	467.9M
Short-Term Debt	0	95.6M	94.08M	0	0	0	0	0	0	0
Other Liabilities	-115.55M	0	0	0	0	0	0	0	0	0
Total Current Liabilities	121.74M	100.06M	99.07M	5.64M	7.9M	8.74M	11.01M	14.3M	16.14M	17.75M
Total Non-Current Liabilities	119.53M	0	0	126.85M	152.05M	185.82M	257.61M	434.08M	462.24M	467.9M
Total Liabilities	121.74M	100.06M	99.07M	132.49M	159.95M	194.56M	268.63M	448.38M	478.38M	485.65M
Total Equity+	159.75M	139.19M	135.07M	134.26M	184.06M	212.6M	245.34M	318.45M	323.98M	336.18M
Equity Growth %	0.16%	-0.13%	-0.03%	-0.01%	0.37%	0.16%	0.15%	0.3%	0.02%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	-0.03%	0.07%	0.1%	0.12%	0.03%	0.12%	0.08%	-0.05%	-0.02%
Book Value per Share	14.29	12.06	11.73	11.65	13.66	12.12	12.25	12.88	10.47	9.31
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	12K	12K	12K	12K	16K	19K	22K	29K	36K	44K
Additional Paid-in Capital	179.71M	179.55M	179.64M	179.62M	226.66M	271.29M	301.36M	385.92M	450.95M	518.2M
Retained Earnings	-2.01M	-397K	-44.58M	-45.37M	-42.62M	-58.71M	-56.05M	-67.5M	-127M	-182.06M
Accumulated OCI	-17.96M	-39.97M	-42.68M	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

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-31.33M	52.31M	-14.84M	-12.06M	17.56M	-25.28M	-75.99M	-246.28M	50.07M	39.64M
Operating CF Growth %	-1.85%	2.67%	-1.28%	0.19%	2.46%	-2.44%	-2.01%	-2.24%	1.2%	-0.21%
Net Income	11.86M	-4.91M	9.59M	13.01M	19.5M	6.36M	27.78M	21.15M	-17.18M	-5.63M
Depreciation & Amortization	911K	562K	795K	554K	0	1.02M	1.09M	1.6M	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-44.83M	58.85M	-27.22M	-25.23M	177K	-30.72M	-103.04M	-261.11M	71.88M	51.58M
Working Capital Changes	735K	-2.19M	1.99M	-391K	-2.12M	-1.94M	-1.82M	-7.92M	-4.62M	-6.31M
Cash from Investing+	-121.61M	-58.87M	-133.72M	-96.8M	-68.96M	-190.23M	-291.49M	-372.01M	-55.33M	-35.7M
Purchase of Investments	-123.28M	-59.86M	-135.56M	-101.26M	-202.73M	-198.56M	-344.44M	-421.98M	-218.69M	-182.36M
Sale/Maturity of Investments	1000K	984K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	43.68M	-35.94M	-15.7M	18.05M	56.2M	55.66M	75.52M	229.46M	50.51M	21.21M
Dividends Paid	-14.89M	-15.66M	-13.65M	-13.67M	-15.59M	-21.32M	-24.55M	-29.85M	-40.52M	-46.37M
Share Repurchases	-1.31M	-516K	-59K	0	0	0	0	0	0	0
Stock Issued	26.51M	0	0	-155K	47.1M	44.61M	30.09M	84.6M	65.09M	66.35M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-625K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	26.09M	-221K	-1.37M	-777K	0	-890K	-2.65M	-4.36M	-735K	0
Net Change in Cash+	12.35M	16.37M	-30.54M	6M	-6.13M	30.37M	-477K	-16.82M	45.26M	24.45M
Exchange Rate Effect	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	146K	-696K
Cash at Beginning	8.42M	20.77M	37.13M	6.59M	12.59M	17.39M	47.76M	47.28M	30.47M	73.08M
Cash at End	20.77M	37.13M	6.59M	12.59M	6.46M	47.76M	47.28M	30.47M	75.72M	97.53M
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+	-31.33M	52.31M	-14.84M	-12.06M	17.56M	-25.28M	-75.99M	-246.28M	50.07M	39.64M
FCF Growth %	-1.85%	2.67%	-1.28%	0.19%	2.46%	-2.44%	-2.01%	-2.24%	1.2%	-0.21%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.96%	-3.29%	6.99%	9.66%	12.25%	3.21%	12.13%	7.5%	-5.35%	-1.71%
Return on Assets (ROA)	4.68%	-1.89%	4.05%	5.19%	6.38%	1.69%	6.03%	3.3%	-2.19%	-0.69%
Net Interest Margin	-2.05%	-2.46%	-2.21%	8.41%	8.36%	7.99%	8.25%	7.59%	10.12%	7.87%
Efficiency Ratio	20.78%	-184.25%	22.48%	8.73%	5.28%	18.73%	11.22%	10.42%	30.49%	17.22%
Equity / Assets	56.75%	58.18%	57.69%	50.33%	53.5%	52.21%	47.73%	41.53%	40.38%	40.91%
Book Value / Share	14.29	12.06	11.73	11.65	13.66	12.12	12.25	12.88	10.47	9.31
NII Growth	33.88%	-2.1%	12.1%	533.97%	28.24%	13.09%	30.31%	37.25%	39.53%	-20.27%
Dividend Payout	125.57%	-	142.28%	105.06%	-	334.95%	88.37%	141.11%	-	-

Frequently Asked Questions

Growth & Financials

Horizon Technology Finance Corp (HTFC) grew revenue by 77.7% over the past year. This is strong growth.

Horizon Technology Finance Corp (HTFC) reported a net loss of $23.9M for fiscal year 2024.

Dividend & Returns

Yes, Horizon Technology Finance Corp (HTFC) pays a dividend with a yield of 5.16%. This makes it attractive for income-focused investors.

Horizon Technology Finance Corp (HTFC) has a return on equity (ROE) of -1.7%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Horizon Technology Finance Corp (HTFC) has a net interest margin (NIM) of 7.9%. This indicates healthy earnings from lending activities.

Horizon Technology Finance Corp (HTFC) has an efficiency ratio of 17.2%. This is excellent, indicating strong cost control.