Horizon Technology Finance Corp. functions as a dedicated financial entity, primarily offering capital through secured lending to businesses supported by venture capital. ...
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Est. EPS $0.26 · Revenue $17.66M · 1 analysts
Est. EPS $0.27 · Revenue $18.01M · 1 analysts
Est. EPS $1.05 · Revenue $70.34M · 1 analysts
Est. EPS $0.25 · Revenue $18.24M · 1 analysts
EPS $-0.57 · Revenue $18.92M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $40.0M | +17.9% | -20.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-2.7M | +52.8% | -1441.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +18.0% | +262.9% | +5.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -4.0% | +67.4% | -355.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -6.6% | +59.9% | -1795.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $56.6M | +42.9% | +728.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +141.5% | +21.2% | +946.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 148.5% | +6.7% | -28.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.24x | -75.7% | -41.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $811.1M | -1.3% | +5.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.06 vs 1.13 | -105.6% | -0.57 vs 0.26 | -316.7% |
| Revenue Surprise | $40.0M vs $67.5M | -40.7% | $18.9M vs $17.4M | +8.7% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 10, 2026 | Trolio Daniel R. | officer: Executive VP and CFO | Common Stock | A | 11,500 | $4.34 |
| Jun 9, 2026 | ALLISON THOMAS J. | director | Common Stock | A | 6,000 | $4.36 |
| Jun 9, 2026 | O'Connor Kimberley Ann | director | Common Stock | A | 10,000 | $4.37 |
| Jun 9, 2026 | Goodman Jonathan Joseph | director | Common Stock | A | 6,000 | $4.33 |
| Jun 9, 2026 | Seitz Paul G | officer: Chief Investment Officer | Common Stock | A | 11,477 | $4.35 |
Operator: Greetings, and welcome to the Horizon Technology Finance Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Megan Bacon. You may begin. Megan Bacon: Thank you, and welcome to Horizon Technology Finance Corporation's Second Quarter 2026 Conference Call. Representing the company today are Mike Balkin, Chief Executive Officer; Paul Seitz, Chief Investment Officer; and Dan Trolio, Chief Financial Officer. I would like to point out that the Q2 earnings press release and Form 10-Q are available on the company's website at horizontechfinance.com. Before we begin our formal remarks, I need to remind everyone that during this conference call, the company will make certain forward-looking statements, including statements with regard to the future performance of the company. Words such as believes, expects, anticipates, intends or similar expressions are used to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ on a material basis from those projected in these forward-looking statements. And some of these factors are detailed in the risk factor discussion in the company's filings with the Securities and Exchange Commission, including the company's Form 10-K for the year ended December 31, 2025. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. At this time, I would like to turn the call over to Horizon's CEO, Mike Balkin. Michael Balkin: Thanks, Megan. Welcome, everyone, and thank you for your interest in Horizon. Today, we will update you on our quarterly performance and the current operating environment. Paul Seitz, our Chief Investment Officer, will take us through recent business and portfolio developments as well as the current status of the venture lending market; and Dan Trolio, our Chief Financial Officer, will detail our operating performance and financial condition. We will then take questions. In April, we completed our merger with Monroe Capital Corporation, significantly enhancing our available capital for investments and kicking off our next chapter of growth. To that end, we have been very active over the past several months, laying the foundation for sustainable and profitable long-term growth. That includes enhancing our underwriting and credit capabilities to improve the quality of our portfolio, optimizing the technology stack throughout our organization and making key investments in our people and our origination platform. We believe the investments we are making today and which we expect to make over the next several months are appropriately setting the stage for us to consistently grow our portfolio over time, steadily increase our NII and …
Oppenheimer has lowered its price target for Horizon Technology Finance (HRZN) from $6 to $5, while maintaining a "Perform" rating on the stock. According to MT Newswires, the company currently has an average hold rating and a mean price target that requires a premium subscription to view in full.
Horizon Technology Finance Corporation (NASDAQ:HRZN) has received a consensus "Hold" rating from seven brokerages, with an average 12-month price target of $5.65. This follows a weak second quarter where adjusted EPS missed estimates and net assets declined. Despite this, management reported portfolio growth with new venture-loan commitments and insider buying by the CEO and CFO.
Horizon Technology Finance Corp. reported a net income of $2.8 million for its first quarter, with net income per share of 6 cents. Adjusted for investment costs, earnings were 19 cents per share. The company recorded revenue of $24.1 million during the period.
Horizon Technology Finance Corporation (NASDAQ:HRZN) has received a consensus "Reduce" rating from eight brokerages, with an average one-year price target of $6.17. Analysts note the company's weak Q4 earnings, significant revenue miss, and a negative P/E ratio, leading to several recent downgrades. Despite a high monthly dividend yield, its sustainability is questioned due to a negative payout ratio and low institutional ownership.
Oppenheimer has lowered its price target for Horizon Technology Finance (NASDAQ:HRZN) from $7.00 to $6.00, maintaining a "market perform" rating despite the implied 40% upside from the current share price. This adjustment follows a broader trend of analyst downgrades, with the company missing its recent quarterly earnings and revenue expectations. The stock is currently trading near $4.28, reflecting market concerns and analyst sentiment.
