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Horizon Technology Finance/$HRZN

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About Horizon Technology Finance

Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services, and sustainability industries.
Ticker
$HRZN
Sector
Finance
Primary listing
NASDAQ
Employees
-
Headquarters
Farmington, United States

HRZN Metrics

BasicAdvanced
$307M
45.26
$0.10
0.98
$1.11
23.58%

Bulls say / Bears say

HRZN funded nine loans worth $72.7 million in Q2 and lifted its committed backlog to $228 million, up about $50 million quarter on quarter. Net leverage was only 0.65 times against a 1.20-times target, leaving substantial capacity to grow the portfolio. (SEC filing, Morningstar)
The debt portfolio still generated a 14.9% annualised yield in Q2, while adjusted net investment income of $0.18 per share covered the $0.06 monthly regular distribution after excluding one-off merger costs. An adviser fee waiver of up to $4 million from Q3 2026 should provide additional near-term support. (SEC filing, Investing.com)
HRZN extended the legal final payment date on its 6.25% notes from 2027 to December 2035, without changing the principal or coupon. That reduces near-term refinancing pressure and preserves more cash-flow flexibility for lending. (SEC filing)
NAV per share fell from $6.98 to $6.23 in Q2 after negative news at one portfolio company drove substantial write-downs. The company reported $38.5 million of net unrealised depreciation, showing how quickly a single investment can damage book value. (SEC filing, Business Wire)
The regular monthly distribution was cut from $0.11 to $0.06, and Q2 reported net investment income was only $0.11 per share. The extra $0.03 monthly payment relies on finite spillover income, so the total payout is not yet fully supported by recurring earnings. (Business Wire, Investing.com)
Credit risk remains material: 12% of the debt portfolio’s fair value was rated in the two lowest categories under the new five-point scale. The portfolio yield also fell to 14.9% from 15.8% a year earlier, leaving less income to absorb losses. (SEC filing, Exa)
Data summarised monthly by Lightyear AI. Last updated on 29 Sept 2026.

HRZN Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

HRZN Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

HRZN News

AllArticlesVideos

Horizon Technology Finance's RoHo Joint Venture Provides up to $30 Million Loan Facility to NeoVolta

Business Wire4 weeks ago

Horizon Technology Finance Provides $15 Million Loan Facility to Bioness Medical

Business Wire1 month ago

Horizon Technology Finance Q2 Earnings Call Highlights

MarketBeat2 months ago
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