HRZN
Horizon Technology Finance Corporation6.54
+0.03+0.46%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
290.27MP/E (TTM)
-Basic EPS (TTM)
-0.63Dividend Yield
0.2%Recent Filings
8-K
8-K
8-K
Q3 NII steady, NAV dips
Horizon Technology Finance reported Q3 2025 net investment income of $14.0 million, or $0.32 per share, with NAV at $7.12 per share, down from $8.43 year-end 2024. The debt portfolio yielded 18.6%, up from 15.9% last year, boosted by settlements of two non-accrual investments; it funded $15.0 million in new loans and acquired $36.5 million fair value assets for $22.5 million. Portfolio shrank to $603.5 million amid $60.9 million early pay-offs, yet liquidity hit $151.4 million. Merger with Monroe Capital Corporation awaits shareholder approval. Distributions of $0.11 monthly through March 2026 declared.
10-Q
Q3 FY2025 results
Horizon Technology Finance posted solid Q3 momentum, with total investment income climbing 7.1% y/y to $26.3M, driven by $24.3M in interest (up 4.8% y/y, including $3.5M fee accretion) and $2.0M in fees (up 46.7% y/y from prepayments). Expenses dipped 3.2% y/y to $12.0M, mainly lower base management fees on reduced assets, yielding net investment income of $14.0M (up 18.2% y/y). Yet realized losses hit $22.5M on settlements, offset by $40.5M unrealized gains, lifting net assets up 322% y/y to $30.7M. Liquidity strengthened with $84.7M cash and $329M unused credit lines; debt stood at $424.0M after repaying $81.1M asset-backed notes. Portfolio turnover accelerated. Competition in venture lending tightens funding for portfolio firms.
8-K
Horizon declares $0.33 distributions
Horizon Technology Finance declared monthly distributions of $0.11 per share for January through March 2026, totaling $0.33 per share, payable on January 15, February 13, and March 13 to stockholders of record on the respective ex-dividend dates. The board based this on third-quarter results and spillover income, while signaling potential adjustments in February 2026 after reviewing fourth-quarter performance and the anticipated merger with Monroe Capital Corporation. Distributions may vary from GAAP net income due to unrealized gains, timing differences, and spillover carryovers. Uncertainty lingers around merger impacts.
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