YOLFTbeta
Horizon Technology Finance

Horizon Technology Finance

HRZN · NASDAQ · Financial Services / Asset Management

3.72USD-0.04 (-1.06%)

Price History

Full chart

Market Stats

Previous Close3.76
Open3.79
Day Range3.70 – 3.82
52-Week Range3.51 – 5.98
Volume425.30K
Market Cap310.37M
P/E (TTM)12.51
Forward P/E5.91
EPS0.37
Dividend Yield15.65%
Beta0.98
50-Day Avg4.69
200-Day Avg5.07

About

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries. It seeks to invest in companies in the United States.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Michael Phillip Balkin
  • Employees0
  • Headquarters312 Farmington Avenue, Farmington, CT, United States, 06032, USA
  • Websitehttps://www.horizontechfinance.com

Leadership

  • Mr. Michael Phillip BalkinCEO, Chairman & Director · b. 1959
  • Mr. Daniel Raffaele Trolio CPAExecutive VP, CFO & Treasurer · b. 1973
  • Mr. Paul George SeitzSenior VP & Chief Investment Officer · b. 1987
  • Ms. Lynn D. DombrowskiVP & Chief Accounting Officer · b. 1986
  • Ms. Megan N. BaconDirector of Investor Relations & Marketing
  • Mr. John C. Bombara J.D.Executive VP, General Counsel, Secretary & Chief Compliance Officer · b. 1964
  • Mr. Kevin T. WalshSenior MD & Head of Portfolio Management
  • Mr. Todd A. McDonaldHead of Technology Lending & Senior Managing Director
  • Mr. Mishone B. DonelsonHead of Life Science Lending, Senior VP & Senior Managing Director
  • Mr. Kevin J. MayHead of Originations, Senior VP & Senior Managing Director

Financials

Income Statement

Currency: USD2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue16.36M15.33M14.78M7.32M7.23M20.84M14.96M-1.76M12.40M21.26M21.30M10.33M33.27M26.64M19.10M33.94M40.02M
Growth (%)--6.30%-3.55%-50.47%-1.26%+188.35%-28.21%-111.75%+805.17%+71.42%+0.18%-51.50%+221.97%-19.91%-28.31%+77.71%+17.91%
Cost of Revenue2.20M2.95M4.19M-15.13M-21.20M-6.00M7.90M7.72M6.12M6.36M21.45M12.66M15.96M19.98M28.97M32.26M32.80M
Gross Profit14.15M15.33M10.59M22.46M7.23M20.84M7.06M-9.48M6.28M14.90M21.30M10.33M33.27M26.64M-9.87M1.69M7.22M
Gross Margin86.54%100.00%71.64%306.73%100.00%100.00%47.20%539.00%50.66%70.07%100.00%100.00%100.00%100.00%-51.68%4.97%18.03%
Operating Expense595.89K321.00K-5.83M10.23M-6.28M9.97M-6.93M-26.49M-6.04M1.86M1.56M3.75M5.08M-14.43M5.82M5.84M8.82M
Operating Income13.56M15.01M16.42M12.23M13.51M10.88M14.00M17.01M12.32M13.04M19.74M6.59M28.18M41.07M-15.70M-4.16M-1.60M
Operating Margin82.89%97.91%111.05%167.01%186.90%52.18%93.52%-967.14%99.34%61.35%92.66%63.74%84.72%154.15%-82.17%-12.25%-3.99%
EBITDA13.56M15.01M17.32M16.51M-9.76M-3.99M19.75M22.89M15.58M19.96M19.74M7.60M73.48M41.07M-15.70M-4.16M-1.60M
EBITDA Margin82.89%97.91%117.14%225.52%-135.05%-19.16%131.99%-1301.31%125.59%93.88%92.66%73.60%220.90%154.15%-82.17%-12.25%-3.99%
Net Income9.31M14.73M11.00M3.99M3.51M15.43M11.86M-4.91M9.59M13.01M19.50M6.36M27.78M21.15M-17.18M-5.63M-2.66M
Net Income Margin56.94%96.13%74.39%54.51%48.53%74.02%79.22%279.31%77.32%61.19%91.54%61.60%83.51%79.39%-89.97%-16.60%-6.65%
R&D-------0.22.10.410.50.20.490.30.21--
R&D as % of Total Revenue--------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense4.24M4.25M2.68M4.28M8.12M8.71M5.76M5.88M5.17M6.36M8.33M9.67M12.03M19.20M28.97M32.26M32.80M
Interest Expense % of Total Revenue25.95%27.70%18.14%58.50%112.38%41.77%38.47%-334.17%41.66%29.93%39.11%93.62%36.18%72.07%151.68%95.03%81.97%

Balance Sheet

Currency: USD2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets124.87M216.21M197.81M239.66M263.74M225.20M281.49M239.25M234.15M266.75M344.00M407.16M513.96M766.83M802.36M821.83M811.10M
Total Liabilities65.38M89.01M67.93M94.69M127.90M86.95M121.74M100.06M99.07M132.49M159.95M194.56M268.63M448.38M478.38M485.65M492.60M
Total Equity59.49M127.19M129.88M144.97M135.84M138.25M159.75M139.19M135.07M134.26M184.06M212.60M245.34M318.45M323.98M336.18M318.50M
Cash9.89M37.69M1.30M1.05M25.34M8.42M20.77M37.13M6.59M12.59M6.46M19.50M38.05M20.61M46.63M70.26M105.52M
Total Debt64.17M87.42M64.57M89.02M122.34M81.75M230.50M95.60M94.08M126.85M160.17M185.82M257.61M434.08M462.24M467.90M473.03M
Net Debt54.27M49.74M63.27M87.97M97.00M73.34M94.78M58.46M87.48M114.26M145.59M166.32M219.56M413.47M415.61M397.64M367.51M

Cash Flow

Currency: USD2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow7.98M-10.63M-4.02M-36.09M6.50M36.68M-31.33M52.31M-14.84M-12.06M-51.41M-25.28M-75.99M-246.28M50.07M39.64M56.63M
Investing Cash Flow-18.61M-49.79M-90.69M-138.60M-88.16M-87.66M-121.61M-58.87M-133.72M-96.80M-196.25M-190.23M-291.49M-372.01M-55.33M-35.70M16.67M
Financing Cash Flow493.40K493.00K-32.37M35.84M17.79M-53.60M43.68M-35.94M-15.70M18.05M56.20M55.66M75.52M229.46M50.51M21.21M-14.80M
Capital Expenditure00000000000000000
Free Cash Flow7.98M-10.63M-4.02M-36.09M6.50M36.68M-31.33M52.31M-14.84M-12.06M-51.41M-25.28M-75.99M-246.28M50.07M39.64M56.63M
Dividends Paid-19.10M8.31M15.13M12.63M13.01M14.89M15.66M13.65M13.67M15.59M21.32M24.55M29.85M40.52M46.37M53.09M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF--179.74%-206.49%-41.92%194.37%35.47%-47.52%29.93%-91.95%-113.35%-30.33%-84.31%-32.31%-12.12%80.93%116.98%93.76%

Earnings

Report DateDec 1, 2010Mar 15, 2011May 10, 2011Aug 9, 2011Nov 8, 2011Mar 12, 2012May 7, 2012Aug 7, 2012Nov 6, 2012Mar 12, 2013May 7, 2013Aug 6, 2013Nov 5, 2013Mar 11, 2014May 6, 2014Aug 5, 2014Nov 4, 2014Mar 10, 2015May 5, 2015Aug 4, 2015Nov 3, 2015Mar 8, 2016May 3, 2016Aug 2, 2016Nov 1, 2016Mar 7, 2017May 2, 2017Aug 1, 2017Oct 31, 2017Mar 6, 2018May 1, 2018Jul 31, 2018Oct 30, 2018Mar 5, 2019Apr 30, 2019Jul 30, 2019Oct 29, 2019Mar 3, 2020Apr 28, 2020Jul 28, 2020Nov 3, 2020Mar 2, 2021Apr 27, 2021Jul 27, 2021Oct 26, 2021Mar 1, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 28, 2023May 2, 2023Aug 1, 2023Oct 31, 2023Feb 27, 2024Apr 30, 2024Jul 30, 2024Oct 29, 2024Feb 25, 2025Apr 29, 2025Aug 7, 2025Oct 28, 2025Feb 25, 2026May 5, 2026Aug 4, 2026Oct 27, 2026
EPS Estimate-0.310.310.330.390.380.390.330.330.350.340.360.350.360.250.300.330.330.330.280.320.350.350.350.350.310.310.280.270.260.300.280.290.330.310.300.310.320.330.290.310.280.280.300.330.360.300.340.350.390.400.410.410.440.380.360.350.320.330.280.280.290.180.130.18
EPS Actual0.700.180.290.260.390.440.440.300.330.360.290.380.360.350.260.300.330.330.300.250.350.350.380.390.380.330.290.240.330.210.280.290.300.340.280.370.420.430.260.400.340.210.310.310.400.390.260.350.430.400.460.540.530.450.380.360.320.270.270.280.310.270.190.11-
Surprise--41.94%-6.45%-21.21%0.00%15.79%12.82%-9.09%0.00%2.86%-14.71%5.56%2.86%-2.78%4.00%0.00%0.00%0.00%-9.09%-10.71%9.38%0.00%8.57%11.43%8.57%6.45%-6.45%-14.29%22.22%-19.23%-6.67%3.57%3.45%3.03%-9.68%23.33%35.48%34.38%-21.21%37.93%9.68%-25.00%10.71%3.33%21.21%8.33%-13.33%2.94%22.86%2.56%15.00%31.71%29.27%2.27%0.00%0.00%-8.57%-15.17%-18.18%0.00%10.71%-5.76%5.56%-15.38%-
Timing--After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap310.37M
Enterprise Value637.81M
Trailing P/E12.51
Forward P/E5.91
PEG Ratio1.91
Price / Sales3.29
Price / Book0.74
EPS0.37
Book Value6.23
Revenue (TTM)96.11M
Gross Profit (TTM)96.11M
Profit Margin5.27%
Operating Margin79.44%
Return on Equity1.45%
Return on Assets6.08%
Shares Outstanding67.03M
Shares Float0
Beta0.98
Dividend Yield15.65%
Dividend Rate0.72
Payout Ratio33.91%

Analyst Ratings

Hold
Based on 8 analystsTarget 5.08
  • Buy
    1
  • Hold
    6
  • Sell
    1

Ownership Breakdown

Institutions
12.54%
Insiders
0.76%
Retail / Other
86.70%

Top Institutional Holders

  • Caprock Group Inc
    454.44K0.68%
  • Green Alpha Advisors, LLC
    429.91K0.64%
  • Eagle Point Credit Management LLC
    366.19K0.55%
  • Legal & General Group PLC
    328.65K0.49%
  • Blair William & Co
    239.07K0.36%
  • Connecticut Wealth Management, LLC
    214.51K0.32%
  • BlackRock Inc
    179.49K0.27%
  • Marshall Wace Asset Management Ltd
    171.78K0.26%
  • UBS Group AG
    144.14K0.21%
  • Virtus Investment Advisors (VIA)
    143.97K0.21%
  • SRS Capital Advisors Inc
    126.31K0.19%
  • Apollon Wealth Management, LLC
    126.20K0.19%
  • Lafleur & Godfrey, Inc.
    114.53K0.17%
  • CAZ Investments LP
    108.63K0.16%
  • Jackson Thornton Asset Management, LLC
    90.61K0.14%
  • CI Private Wealth LLC
    89.47K0.13%
  • Commonwealth Equity Services, LLC
    81.26K0.12%

Top Fund Holders

  • High Income Securities
    308.18K0.46%
  • Virtus Private Credit ETF
    236.04K0.35%
  • iShares Listed Private Eq ETF USD Dist
    173.06K0.26%

Dividends

202611×
0.09Nov 17, 20260.06Oct 16, 20260.09Sep 16, 20260.06Aug 17, 20260.09Jul 16, 20260.09Jun 17, 20260.06May 18, 20260.06Apr 16, 20260.06Mar 16, 20260.11Feb 17, 20260.11Jan 16, 2026
202512×
0.11Dec 17, 20250.11Nov 17, 20250.11Oct 16, 20250.11Sep 17, 20250.11Aug 18, 20250.11Jul 16, 20250.11Jun 16, 20250.11May 16, 20250.11Apr 16, 20250.11Mar 17, 20250.11Feb 18, 20250.11Jan 16, 2025
20241×
0.11Dec 16, 2024