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Financials · WHF

WhiteHorse Finance Inc. (WHF) financials

For the twelve months ended Jun 30, 2026, WhiteHorse Finance Inc. reported $65.26M of revenue and $17.55M of net income.

Revenue, TTM
$65.26M
Revenue growth, YoY
-19.9%
Net income, TTM
$17.55M
Net income growth, YoY
+393.3%
Net margin
26.9%
EPS, diluted, TTM
$0.79
EPS growth, YoY
+426.7%
Cash
$8.46M
Total debt
$324.45M
P/E
10.09
P/S
2.71
Market cap
$177.0M
Annual revenue$72.67M
FY2020FY2025
Annual net income$14.34M
FY2020FY2025

WHF revenue and earnings growth

WHF revenueQ2 2026$14.37M

Quarter YoY
-23.7%
QoQ
-9.4%
FY YoY
-21.7%
5Y CAGR
+3.3%

WHF revenue was $14.37M in fiscal Q2 2026 (ended Jun 30, 2026), down 23.7% from a year earlier and down 9.4% from the prior quarter. For the full fiscal 2025 it was $72.67M, down 21.7% from fiscal 2024. Compound annual growth was +3.3% over 5 years. It rose in 3 of the last 5 fiscal years.

WHF net incomeQ2 2026$10.41M

Quarter YoY
+362.6%
FY YoY
+32.1%
5Y CAGR
-14.7%

WHF net income was $10.41M in fiscal Q2 2026 (ended Jun 30, 2026), up 362.6% from a year earlier. For the full fiscal 2025 it was $14.34M, up 32.1% from fiscal 2024. Compound annual growth was -14.7% over 5 years. It rose in 2 of the last 5 fiscal years.

WHF EPSQ2 2026$0.48

Quarter YoY
+380.0%
FY YoY
+31.9%
5Y CAGR
-16.7%

WHF diluted EPS was $0.48 in fiscal Q2 2026 (ended Jun 30, 2026), up 380.0% from a year earlier. For the full fiscal 2025 it was $0.62, up 31.9% from fiscal 2024. Compound annual growth was -16.7% over 5 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$72.67M$92.82M$103.26M$87.53M$72.14M$61.70M
Selling, general and admin$4.69M$4.44M$3.62M$3.96M$3.57M$2.91M
Interest expense$23.14M$27.90M$29.91M$21.94M$16.59M$13.13M
Income tax$0$0$0$0--
Net income$14.34M$10.85M$20.41M$15.68M$30.09M$31.68M
EPS, basic$0.62$0.47$0.88$0.68$1.42$1.55
EPS, diluted$0.62$0.47$0.88$0.68$1.42$1.55
Diluted shares23.2M23.2M23.2M23.2M21.2M20.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$7.03M$12.42M$10.75M$9.51M$12.19M$8.06M
Total assets$615.13M$676.82M$730.75M$796.47M$851.02M-
Total debt$323.83M$353.12M$386.45M$440.43M$475.96M-
Total liabilities$355.34M$390.69M$413.98M$464.09M$501.27M-
Shareholders' equity$259.79M$286.13M$316.77M$332.39M$349.75M$312.90M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow$77.27M$78.76M$90.37M$71.99M-$90.19M-$64.60M
Financing cash flow-$75.42M-$75.40M-$92.13M-$68.49M$97.01M$52.98M
Share repurchases$7.42M-----

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY-21.7%-10.1%18.0%21.3%16.9%-
Net income growth, YoY32.1%-46.8%30.2%-47.9%-5.0%-
EPS growth, YoY31.9%-46.6%29.4%-52.1%-8.4%-
Net margin19.7%11.7%19.8%17.9%41.7%51.4%
Return on equity5.5%3.8%6.4%4.7%8.6%10.1%
Return on assets2.3%1.6%2.8%2.0%3.5%-
Debt to equity1.251.231.221.331.36-

Source: XBRL data WhiteHorse Finance Inc. files with the SEC, latest filing dated Aug 10, 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.

WHF peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WHF$65.26M-19.9%$17.55M26.9%$177.0M
ECPG$1.99B+27.2%$350.91M17.7%$2.68B
AGM$445.56M+14.7%$229.00M51.4%$2.15B
JCAP$659.62M+22.8%$155.02M23.5%$1.20B

WHF FAQ

7 questions
  • What is WHF revenue?
    WhiteHorse Finance Inc. (WHF) reported $65.26M of revenue for the twelve months ended Jun 30, 2026. That is down 19.9% from the year before. Revenue for fiscal 2025 was $72.67M.
  • Is WHF profitable?
    Yes. WhiteHorse Finance Inc. earned $17.55M in net income for the twelve months ended Jun 30, 2026, a net margin of 26.9%.
  • How much cash and debt does WHF have?
    WhiteHorse Finance Inc. reported $8.46M in cash and cash equivalents and $324.45M of debt on its most recent balance sheet in SEC filings.
  • How fast is WHF revenue growing?
    WhiteHorse Finance Inc.'s revenue changed -21.7% in fiscal 2025, to $72.67M. Its compound annual growth rate was +3.3% over 5 years.
  • What is WHF earnings per share?
    Diluted earnings per share were $0.79 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did WHF last report financial results?
    The latest statements here come from WhiteHorse Finance Inc.'s 10-Q filed on Aug 10, 2026, covering the period ended Jun 30, 2026.
  • Where does this WHF financial data come from?
    Quantisnow builds these statements from the structured XBRL data WhiteHorse Finance Inc. files with the SEC. It is provided for information only and is not investment advice.