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Horizon Technology Finance Corp

HRZN

$4.65 ▲ +0.07 (+1.53%) at close

11 Visible periods

18 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Horizon Technology Finance Corp faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $196.9M

Dividend Yield 28.39%

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $1.34 ↗

Trailing P/E —

Price / Book 0.7x

FCF Yield 28.8%

Debt / Equity 1.49

info Valuation on last close. End-of-day price, Aug 7, 2026.

11-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$-2.66M

↑ +52.8% —

FCF / Share Free cash flow per share

$1.34

↑ +1126.3% —

Long-Term Debt Long-term obligations

$473.03M

↑ +1.1% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Returns ↑

Financial Health ↑

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$1.32 Latest / share

-3.6% YoY

+1.1% 6-yr CAGR

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

$1.25

FY 2020

$1.25

FY 2021

$0.11

FY 2022

$1.37

FY 2023

$1.37

FY 2024

$1.32

FY 2025

Financial view

Statement lens

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📈 Is growth accelerating? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
EPS Growth YoY (%)	62.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	71.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	3.5% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	19.5% Good Good Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—
Net Income Growth YoY (%)	52.8% Excellent ↑ Excellent Improving Year-over-year change in net income	67.2% Excellent ↓ Excellent Declining Year-over-year change in net income	N/M	-23.9% Weak Weak Year-over-year change in net income	336.5% Excellent Excellent Year-over-year change in net income	—	—	—	—	—	—
FCF Growth YoY (%)	1126.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	98.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-162.5% Weak Weak Year-over-year change in free cash flow	-163.2% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
FCF / Net Income (x)	-21.28x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.70x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.31x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-11.64x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.74x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-3.97x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Return on Common Equity (%) (%)	-0.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	-1.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	—	—	—	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Debt to Equity (x)	1.49x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	1.39x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$473.03M	$467.90M	$462.24M	$434.08M	$257.61M	—	—	—	—	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Basic EPS, GAAP (USD)	$-0.06	$-0.16	$-0.56	$1.46	$1.41	$1.18	—	—	—	—	—
Free Cash Flow per Share (USD)	$1.34	$0.11	$-0.17	$-9.96	$-3.79	$-1.44	—	—	—	—	—
Dividend per Share (USD)	$1.32	$1.37	$1.37	$0.11	$1.25	$1.25	—	—	—	—	—
Book Value per Share (USD)	$6.98	$8.43	—	—	—	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$6.98	$8.43	—	—	—	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	42.35M	36.10M	30.96M	24.73M	20.03M	17.53M	—	—	—	—	—
Dividend Payout Ratio (%)	-2200.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-856.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-244.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	7.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	88.7% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	105.9% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
LT Debt (USD)	$473.03M	$467.90M	$462.24M	$434.08M	$257.61M	—	—	—	—	—	—
Total Equity (USD)	$318.50M	$336.18M	—	—	—	—	—	—	—	—	—

📋 What is driving earnings? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Net Income, GAAP (USD)	$-2.66M	$-5.63M	$-17.18M	$21.15M	$27.78M	$6.36M	—	—	—	—	—
Operating Cash Flow (USD)	$56.63M	$3.94M	$-5.26M	$-246.28M	$-75.99M	$-25.28M	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 11 years · 25 quarters

Horizon Technology Finance Corp

Analytical Summary

11-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

Percentile Rankings

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