WhiteHorse Finance, Inc. (WHF) Earnings History
Turnaround14 years of earnings data (2012–2025) · Recovering earnings after a multi-year decline
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WhiteHorse Finance, Inc. (WHF) Earnings Overview
As of June 23, 2026, WhiteHorse Finance, Inc. (WHF) reported trailing twelve-month net income of $9M, reflecting +31.9% year-over-year growth. The company earned $0.42 per diluted share over the past four quarters, with a net profit margin of 37.8%.
Looking at the long-term picture, WHF's 5-year EPS compound annual growth rate (CAGR) stands at -16.6%, signaling declining earnings. The company achieved its highest annual net income of $57M in fiscal 2018.
WhiteHorse Finance, Inc. maintains industry-leading profitability with a gross margin of 52.3%, operating margin of 100.9%, and net margin of 37.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including GBDC ($205M net income, 43.2% margin), TPVG (-$12M net income, 50.6% margin), PFLT ($62M net income, 38.7% margin), WHF has room to improve margins relative to the peer group. Compare WHF vs GBDC →
WHF Earnings vs Peers
Earnings metrics vs comparable public companies
WHF Historical Earnings Data (2012–2025)
14 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $14M | +32.1% | $38M | $0.62 | 37.8% | 100.9% |
| 2024 | $11M | -46.8% | $12M | $0.47 | 63.5% | 70.0% |
| 2023 | $20M | +30.2% | $21M | $0.88 | 36.7% | 38.4% |
| 2022 | $16M | -47.9% | $17M | $0.68 | 36.2% | 38.6% |
| 2021 | $30M | -5.0% | $31M | $1.42 | 57.9% | 59.9% |
| 2020 | $32M | +2.7% | $32M | $1.54 | 64.5% | 66.0% |
| 2019 | $31M | -46.2% | $32M | $1.50 | 64.6% | 66.3% |
| 2018 | $57M | +66.3% | $58M | $2.79 | 78.6% | 79.9% |
| 2017 | $34M | +10.0% | $26M | $1.77 | 73.3% | 55.8% |
| 2016 | $31M | +1208.2% | $27M | $1.71 | 73.9% | 63.7% |
| 2015 | -$3M | -114.5% | $21M | $-0.18 | -442.4% | 3248.0% |
| 2014 | $20M | +2.7% | $17M | $1.30 | 83.8% | 72.9% |
| 2013 | $19M | -51.9% | $19M | $1.27 | 85.0% | 86.3% |
| 2012 | $40M | - | $42M | $2.64 | 97.2% | 103.7% |
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WHF — Frequently Asked Questions
Quick answers to the most common questions about buying WHF stock.
What is WHF earnings per share (EPS)?
WHF trailing twelve-month (TTM) diluted EPS is $0.42, reflecting +31.9% year-over-year growth. The 5-year EPS CAGR is -16.6%. Complete EPS history from 2012 to 2025 is available in the table on this page.
What is WhiteHorse Finance, Inc.'s net income?
WhiteHorse Finance, Inc. (WHF) trailing twelve-month net income is $9M as of 2025. Earnings grew +31.9% year-over-year. WhiteHorse Finance, Inc. has been profitable for 10 consecutive years.
Is WHF profitable?
Yes, WHF is profitable with a TTM net income of $9M and a net profit margin of +37.8%. WhiteHorse Finance, Inc. has generated profits for 10 consecutive years.
What is WHF's earnings growth rate?
WHF compound annual EPS growth rates (CAGR): 1-Year: +31.9%, 3-Year: -3.0%, 5-Year: -16.6%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2012 to 2025.
What are WHF's profit margins?
WhiteHorse Finance, Inc. net profit margin is +37.8%, operating margin is +100.9%, and gross margin is +52.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +5.3%.
Is WHF growing earnings?
Yes, WHF earnings are accelerating — EPS growth of +31.9% exceeds the 5-year CAGR of -16.6%. TTM net income reached $9M. Earnings momentum is strengthening.
What was WHF's best earnings year?
WhiteHorse Finance, Inc.'s highest annual net income on record is $57M, achieved in fiscal year 2018. Earnings history on this page spans 2012 to 2025 and includes all annual and quarterly figures.
What were WHF's earnings last quarter?
WHF's most recent reported quarter was Q1 2026. Net income was $-687000.00 with diluted EPS of $-0.03. For a full breakdown of all quarters, see the quarterly earnings table on this page.