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Horizon Technology Finance Corp

HRZN

$4.65 ▲ +0.07 (+1.53%) at close

25 Visible periods

19 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 $220.0M

Dividend Yield 3.87%

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $-0.89

Trailing P/E 77.5x

Price / Book 0.7x

FCF Yield —

Debt / Equity 1.34

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

25-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$2.78M

↓ -68.5% —

FCF / Share Free cash flow per share

$-0.89

↓ -171.6% —

Long-Term Debt Long-term obligations

$447.17M

↓ -5.5% —

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? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗
EPS Growth YoY (%)	N/M	N/M	255.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-92.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	83.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-62.3% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	-17.4% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-950.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	23.3% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	54.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	76.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	7.5% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	N/M	N/M	322.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-127.5% Weak Weak Year-over-year change in net income	N/M	-16.6% Weak Weak Year-over-year change in net income	N/M	N/M	63.1% Excellent Excellent Year-over-year change in net income	N/M	N/M	-98.0% Weak ↓ Weak Declining Year-over-year change in net income	50.7% Excellent ↑ Excellent Improving Year-over-year change in net income	77.4% Excellent Excellent Year-over-year change in net income	-53.1% Weak Weak Year-over-year change in net income	—	—	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	-171.6% Weak Weak Year-over-year change in free cash flow	—	N/M	-21.5% Weak Weak Year-over-year change in free cash flow	N/M	—	—	—	-73.3% Weak Weak Year-over-year change in free cash flow	—	—	—	N/M	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	-49.3% Weak Weak Compound annual EPS growth over 3 years	—	18.2% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	-20.6% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗
FCF / Net Income (x)	-15.16x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-3.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.65x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.39x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	2.10x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-3.88x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-5.94x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-1.05x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	2.40x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-21.25x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	—	-7.27x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-15.72x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-1.02x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗
Return on Common Equity (%) (%)	0.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	9.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15%	-7.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	-7.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	-3.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	-2.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	—	-3.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗
Debt to Equity (x)	1.34x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x	1.49x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.34x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x	1.50x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.53x Weak Weak 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)	$447.17M	$473.03M	$424.03M	$425.14M	$467.28M	$467.90M	—	—	$452.49M	—	$435.50M	$418.02M	$439.64M	—	$359.01M	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 7 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗
Basic EPS, GAAP (USD)	$0.06	$0.22	$0.71	$-0.50	$-0.53	$-0.35	$0.20	$-0.26	$0.38	$-2.10	$0.53	$0.54	$0.46	$-0.20	$0.43	$0.35	$0.26	$0.39	$0.40	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-0.89	—	$1.17	$1.20	$-0.33	—	$-0.77	$1.53	$0.12	—	—	—	$0.45	—	—	$-2.28	$-2.53	—	—	—	—	—	—	—	—
Dividend per Share (USD)	$0.18	$0.33	$0.33	$0.33	$0.33	$0.33	$0.33	$0.33	$0.38	—	$0.33	$0.33	$0.33	—	$0.30	$0.30	$0.30	$0.35	$0.30	—	—	—	—	—	—
Book Value per Share (USD)	$6.98	$6.98	$7.12	$6.75	$7.57	$8.43	$9.06	$9.12	—	$9.71	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$6.98	$6.98	$7.12	$6.75	$7.57	$8.43	$9.06	$9.12	—	$9.71	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	47.32M	—	43.10M	41.22M	40.22M	—	36.57M	35.43M	33.58M	—	32.45M	29.75M	28.23M	—	25.74M	24.30M	21.90M	—	20.27M	—	—	—	—	—	—
Dividend Payout Ratio (%)	300.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	150.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	46.5% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-66.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-62.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-94.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	165.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-126.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	100.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	—	62.3% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	61.1% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	71.7% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	—	69.8% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	85.7% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	115.4% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	89.7% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	75.0% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗
LT Debt (USD)	$447.17M	$473.03M	$424.03M	$425.14M	$467.28M	$467.90M	—	—	$452.49M	—	$435.50M	$418.02M	$439.64M	—	$359.01M	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$333.86M	$318.50M	$315.70M	$283.80M	$305.46M	$336.18M	$342.53M	$328.78M	—	$323.98M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

📋 What is driving earnings? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗
Net Income, GAAP (USD)	$2.78M	$8.83M	$30.72M	$-20.78M	$-21.44M	$-12.43M	$7.28M	$-9.13M	$8.65M	$-10.66M	$-11.98M	$152.00K	$5.31M	$4.02M	$5.99M	$7.62M	$3.52M	$2.27M	$12.77M	—	—	—	—	—	—
Operating Cash Flow (USD)	$-42.13M	$-30.43M	$50.64M	$49.60M	$-13.19M	$-26.14M	$-28.26M	$54.29M	$4.04M	$11.22M	—	—	$12.73M	$-85.42M	—	$-55.38M	$-55.36M	$-2.32M	—	—	—	—	—	—	—

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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

25-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

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