WhiteHorse Finance, Inc. (WHF) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WHF Revenue Growth
WHF Revenue Analysis (2014–2025)
As of May 8, 2026, WhiteHorse Finance, Inc. (WHF) generated trailing twelve-month (TTM) revenue of $47.8 million, reflecting explosive growth of +35.8% year-over-year. The most recent quarter (Q1 2026) recorded $15.9 million in revenue, up 165.4% sequentially.
Looking at the longer-term picture, WHF's 5-year compound annual growth rate (CAGR) stands at -5.1%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $72.9 million in 2018.
When compared to Financial Services sector peers including GBDC, TPVG, and PFLT. Compare WHF vs GBDC →
WHF Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WHFCurrent | $48M | +35.8% | -5.1% | 100.9% | |
 GBDC | $871M | - | - | 78.9% | |
 TPVG | $97M | - | - | 77.9% | |
 PFLT | $172M | - | - | 39.4% | |
 SLRC | $220M | - | - | 72.9% | |
 CSWC | $164M | - | - | 48.5% |
WHF Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $37.9M | - | $19.8M | 52.3% | $38.2M | 100.9% |
| 2024 | $17.1M | - | $17.1M | 100.0% | $12.0M | 70.0% |
| 2023 | $55.6M | - | $25.7M | 46.2% | $21.4M | 38.4% |
| 2022 | $43.3M | - | $21.4M | 49.3% | $16.7M | 38.6% |
| 2021 | $51.9M | - | $35.4M | 68.1% | $31.1M | 59.9% |
| 2020 | $49.1M | - | $36.0M | 73.3% | $32.4M | 66.0% |
| 2019 | $47.7M | - | $34.2M | 71.8% | $31.7M | 66.3% |
| 2018 | $72.9M | - | $61.3M | 84.1% | $58.2M | 79.9% |
| 2017 | $47.0M | - | $37.2M | 79.1% | $26.2M | 55.8% |
| 2016 | $42.4M | - | $34.2M | 80.7% | $27.0M | 63.7% |
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Start ComparisonWHF — Frequently Asked Questions
Quick answers to the most common questions about buying WHF stock.
Is WHF's revenue growth accelerating or slowing?
WHF revenue is accelerating at +35.8% year-over-year, exceeding the 5-year CAGR of -5.1%. TTM revenue reached $48M. Growth momentum has increased versus prior periods.
What is WHF's long-term revenue growth rate?
WhiteHorse Finance, Inc.'s 5-year revenue CAGR of -5.1% reflects the sustained expansion pattern. Current YoY growth of +35.8% is above this long-term average.
How is WHF's revenue distributed by segment?
WHF reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.