HRZN revenueQ3 2026$24.06M
- Quarter YoY
- -8.6%
HRZN revenue was $24.06M in fiscal Q3 2026 (ended Sep 30, 2026), down 8.6% from a year earlier.
Horizon Technology Finance Corporation (HRZN) financials
For the twelve months ended Sep 30, 2026, Horizon Technology Finance Corporation reported -$53.89M of net income.
- Net income, TTM
- -$53.89M
- EPS, diluted, TTM
- -$0.65
- Cash
- $107.80M
- Total debt
- $402.72M
- Market cap
- $244.9M
FY2020FY2025
HRZN revenue and earnings growth
HRZN net incomeQ3 2026-$28.24M
HRZN net income was -$28.24M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $30.72M a year earlier. For the full fiscal 2025 it was -$2.66M, compared with -$5.63M in fiscal 2024.
HRZN EPSQ3 2026-$0.43
HRZN diluted EPS was -$0.43 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$0.06, compared with -$0.16 in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Selling, general and admin | $1.94M | $1.87M | $1.84M | $1.46M | $1.51M | $1.19M |
| Interest expense | $32.80M | $32.26M | $28.97M | $19.20M | $12.03M | $9.67M |
| Net income | -$2.66M | -$5.63M | -$17.18M | $21.15M | $27.78M | $6.36M |
| EPS, basic | -$0.06 | -$0.16 | -$0.56 | $0.86 | $1.41 | $1.18 |
| EPS, diluted | -$0.06 | -$0.16 | -$0.56 | $0.86 | - | - |
| Diluted shares | 42.3M | 36.1M | 31.0M | 24.7M | - | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $105.52M | $100.87M | $75.72M | $30.47M | $47.28M | $47.76M |
| Total assets | $811.10M | $821.83M | $802.36M | $766.83M | $513.96M | - |
| Total debt | $473.03M | $467.90M | $462.24M | $434.08M | $257.61M | - |
| Total liabilities | $492.60M | $485.65M | $478.38M | $448.38M | $268.63M | - |
| Shareholders' equity | $318.50M | $336.18M | $323.98M | $318.45M | - | - |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $56.63M | $3.94M | -$5.26M | -$246.28M | -$75.99M | -$25.28M |
| Financing cash flow | -$14.80M | $21.21M | $50.51M | $229.46M | $75.52M | $55.66M |
| Dividends paid | $53.09M | $46.37M | $40.52M | $29.85M | $24.55M | $21.32M |
Key ratios
Income statement
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.06M | - | - | - | $26.32M | - | - | - | - | - | - | - |
| Selling, general and admin | $489.0K | $578.0K | $380.0K | $464.0K | $437.0K | $613.0K | $427.0K | $447.0K | $432.0K | $559.0K | $429.0K | $453.0K |
| Interest expense | $7.81M | $7.80M | $8.18M | $8.03M | $7.90M | $8.20M | $8.68M | $8.21M | $7.95M | $7.94M | $8.16M | $7.56M |
| Net income | -$28.24M | -$37.26M | $2.78M | $8.83M | $30.72M | -$20.78M | -$21.44M | -$12.43M | $7.28M | -$9.13M | $8.65M | -$10.66M |
| EPS, basic | -$0.43 | -$0.57 | $0.06 | $0.26 | $0.71 | -$0.50 | -$0.53 | -$0.36 | $0.20 | -$0.26 | $0.26 | - |
| EPS, diluted | -$0.43 | -$0.57 | $0.06 | $0.29 | $0.68 | -$0.50 | -$0.53 | -$0.36 | $0.20 | -$0.26 | $0.26 | - |
| Diluted shares | 66.3M | 65.0M | 47.3M | - | 45.8M | 41.2M | 40.2M | - | 36.6M | 35.4M | 33.6M | - |
Balance sheet
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $107.80M | $135.01M | $73.26M | $105.52M | $130.91M | $81.15M | $77.46M | $100.87M | $86.65M | $116.87M | $71.33M | $75.72M |
| Total assets | $778.73M | $832.05M | $791.65M | $811.10M | $759.21M | $726.80M | $789.59M | $821.83M | $793.07M | $787.40M | $802.29M | $802.36M |
| Total debt | $402.72M | $402.44M | $447.17M | $473.03M | $424.03M | $425.14M | $467.28M | $467.90M | $433.97M | $442.74M | $452.49M | $462.24M |
| Total liabilities | $416.59M | $414.55M | $457.78M | $492.60M | $443.51M | $443.00M | $484.13M | $485.65M | $450.54M | $458.63M | $470.17M | $478.38M |
| Shareholders' equity | $362.14M | $417.50M | $333.86M | $318.50M | $315.70M | $283.80M | $305.46M | $336.18M | $342.53M | $328.78M | $332.12M | $323.98M |
Cash flow
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.15M | $123.53M | -$42.13M | -$30.43M | $50.64M | $49.60M | -$13.19M | -$26.14M | -$28.26M | $54.29M | $4.04M | $11.22M |
| Financing cash flow | -$28.36M | -$61.78M | -$27.30M | $42.21M | -$882.0K | -$45.91M | -$10.22M | $40.36M | -$1.97M | -$8.75M | -$8.43M | $14.39M |
| Dividends paid | $17.28M | $10.55M | $14.69M | $14.01M | $13.45M | $12.89M | $12.74M | $12.06M | $11.36M | $12.55M | $10.40M | $11.97M |
| Share repurchases | $10.00M | - | - | - | $0 | - | - | - | - | - | - | - |
Key ratios
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -8.6% | - | - | - | - | - | - | - | - | - | - | - |
| Net income growth, YoY | - | - | - | - | 322.1% | - | - | - | - | - | 63.1% | - |
| EPS growth, YoY | - | - | - | - | 240.0% | - | - | - | - | - | - | - |
| Net margin | -117.4% | - | - | - | 116.7% | - | - | - | - | - | - | - |
| Debt to equity | 1.11 | 0.96 | 1.34 | 1.49 | 1.34 | 1.50 | 1.53 | 1.39 | 1.27 | 1.35 | 1.36 | 1.43 |
Source: XBRL data Horizon Technology Finance Corporation files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
HRZN peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HRZN | - | - | -$53.89M | - | $244.9M |
| AXP | $77.59B | +10.2% | $12.26B | 15.8% | $216.90B |
| SPGI | $17.21B | +18.2% | $4.99B | 29.0% | $137.23B |
| MCO | $8.18B | +9.0% | $2.88B | 35.3% | $88.05B |
| NU | $15.77B | +37.0% | $2.87B | 18.2% | $58.66B |
| RKT | $11.46B | +90.4% | $1.30B | 11.4% | $41.01B |
| COIN | $5.63B | -26.6% | -$701.62M | -12.5% | $34.98B |
| AFRM | $4.59B | +32.7% | $2.01B | 43.9% | $22.36B |
| SYF | $19.31B | +2.6% | $3.33B | 17.3% | $22.33B |
HRZN FAQ
5 questionsIs HRZN profitable?
No. Horizon Technology Finance Corporation reported a net loss of $53.89M for the twelve months ended Sep 30, 2026.How much cash and debt does HRZN have?
Horizon Technology Finance Corporation reported $107.80M in cash and cash equivalents and $402.72M of debt on its most recent balance sheet in SEC filings.What is HRZN earnings per share?
Diluted earnings per share were -$0.65 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.When did HRZN last report financial results?
The latest statements here come from Horizon Technology Finance Corporation's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.Where does this HRZN financial data come from?
Quantisnow builds these statements from the structured XBRL data Horizon Technology Finance Corporation files with the SEC. It is provided for information only and is not investment advice.