H

    Horizon Technology Finance (HRZN)

    Official site

    FINANCIAL SERVICES • ASSET MANAGEMENT • NASDAQ

    $4.66
    -0.04 (-0.85%)

    Market Cap: $312.38M

    Last updated: Sep 01, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    68%(27/40)
    Avg Surprise
    +4.39%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.18
    Range$0.17 - $0.19
    6 analysts
    EPS Revisions
    1
    0
    7d
    1
    1
    30d
    EPS Estimate Drift
    90d ago$0.17-2.9%
    60d ago$0.17-2.9%
    30d ago$0.17-3.1%
    7d ago$0.18-0.4%
    Current$0.18
    Revenue Consensus
    $25M
    Range$23M - $27M
    4 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.19
    Range$0.16 - $0.24
    6 analysts
    Revenue Consensus
    $26M
    Range$23M - $31M
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.19---
    Sep 26EST
    		-$0.18---
    Jun 26
    Reported Aug 4
    		$0.11$0.13-15.38%Miss-60.7%
    Mar 26
    Reported May 5
    		$0.19$0.18+5.56%Beat-29.6%
    Dec 25
    Reported Mar 3
    		$0.27$0.29-5.76%Miss+1.8%
    Sep 25
    Reported Oct 28
    		$0.31$0.28+10.71%Beat-3.1%
    Jun 25
    Reported Aug 7
    		$0.28$0.28+0.00%Beat-22.2%
    Mar 25
    Reported Apr 29
    		$0.27$0.33-18.18%Miss-28.9%
    Dec 24
    Reported Mar 4
    		$0.27$0.32-15.17%Miss-40.0%
    Sep 24
    Reported Oct 29
    		$0.32$0.35-8.57%Miss-39.6%
    Jun 24
    Reported Jul 30
    		$0.36$0.36+0.00%Beat-33.3%
    Mar 24
    Reported Apr 30
    		$0.38$0.38+0.00%Beat-17.4%
    Dec 23
    Reported Feb 27
    		$0.45$0.44+2.27%Beat+12.5%
    Sep 23
    Reported Oct 31
    		$0.53$0.41+29.27%Beat+23.3%
    Jun 23
    Reported Aug 1
    		$0.54$0.41+31.71%Beat+54.3%
    Mar 23
    Reported May 2
    		$0.46$0.40+15.00%Beat+76.9%
    Dec 22
    Reported Feb 28
    		$0.40$0.39+2.56%Beat+2.6%
    Sep 22
    Reported Nov 1
    		$0.43$0.35+22.86%Beat+7.5%
    Jun 22
    Reported Aug 2
    		$0.35$0.34+2.94%Beat+12.9%
    Mar 22
    Reported May 3
    		$0.26$0.30-13.33%Miss-16.1%
    Dec 21
    Reported Mar 1
    		$0.39$0.36+8.33%Beat+85.7%
    Sep 21
    Reported Oct 26
    		$0.40$0.33+21.21%Beat+17.6%
    Jun 21
    Reported Jul 27
    		$0.31$0.30+3.33%Beat-22.5%
    Mar 21
    Reported Apr 27
    		$0.31$0.28+10.71%Beat+19.2%
    Dec 20
    Reported Mar 2
    		$0.21$0.28-25.00%Miss-51.2%
    Sep 20
    Reported Nov 3
    		$0.34$0.31+9.68%Beat-19.0%
    Jun 20
    Reported Jul 28
    		$0.40$0.29+37.93%Beat+8.1%
    Mar 20
    Reported Apr 28
    		$0.26$0.33-21.21%Miss-7.1%
    Dec 19
    Reported Mar 3
    		$0.43$0.32+34.38%Beat+26.5%
    Sep 19
    Reported Oct 29
    		$0.42$0.31+35.48%Beat+40.0%
    Jun 19
    Reported Jul 30
    		$0.37$0.30+23.33%Beat+27.6%
    Mar 19
    Reported Apr 30
    		$0.28$0.31-9.68%Miss+0.0%
    Dec 18
    Reported Mar 5
    		$0.34$0.33+3.03%Beat+61.9%
    Sep 18
    Reported Oct 30
    		$0.30$0.29+3.45%Beat-9.1%
    Jun 18
    Reported Jul 31
    		$0.29$0.28+3.57%Beat+20.8%
    Mar 18
    Reported May 1
    		$0.28$0.30-6.67%Miss-3.4%
    Dec 17
    Reported Mar 6
    		$0.21$0.26-19.23%Miss-36.4%
    Sep 17
    Reported Oct 31
    		$0.33$0.27+22.22%Beat-13.2%
    Jun 17
    Reported Aug 1
    		$0.24$0.28-14.29%Miss-
    Mar 17
    Reported May 2
    		$0.29$0.31-6.45%Miss-
    Dec 16
    Reported Mar 7
    		$0.33$0.31+6.45%Beat-
    Sep 16
    Reported Nov 1
    		$0.38$0.35+8.57%Beat-

    Dividends

    Dividend Metrics

    Yield23.82%
    Annual/Share$1.11
    Payout Ratio1423.08%
    Pay MonthsJan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec

    Growth

    3Y CAGR+1.56%
    5Y CAGR+1.10%
    View HRZN's full dividend history

    Key Metrics

    Valuation
    P/E Ratio5.27EV/EBITDA13.46x
    Price/FCF2.01xFCF Yield49.84%
    Profitability
    Profit Margin5.27%Operating Margin79.40%
    ROE1.45%ROIC19.86%
    Financial Health
    Debt/Equity0.18xInterest Coverage3.58x
    Current Ratio1.97xQuick Ratio1.97x
    Trading Statistics
    Beta0.96Avg Volume773.13K
    52-Week High$6.0652-Week Low$3.56

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$4.85
    SMA 20$4.78
    SMA 50$4.55
    SMA 200$4.84
    EMA 10$4.78
    EMA 20$4.74
    EMA 50$4.58
    EMA 200$4.80

    MACD

    Line: 0.08Signal: 0.11Hist: -0.04

    ADX

    ADX: 12.1+DI: 22.0-DI: 24.1

    Aroon & PSAR

    Aroon Up56.0
    Aroon Down28.0
    PSAR$5.08

    Bollinger Bands

    Upper Band$5.19
    Lower Band$4.37
    %B Position1734%(Upper)
    Band Width0.36

    RSI (14-Day)

    Neutral
    48.0

    Momentum Oscillators

    Stoch %K14.6
    Stoch %D28.1
    Williams %R-98.0
    ROC (10d)-6.8%
    Momentum-0.34
    CCI (20d)-42.1
    MFI (14d)44.5

    Volatility Measures

    ATR (14d)$0.18(3.9%)
    StdDev (20d)0.21
    Hist Vol35.3%(Moderate)

    Volume Flow

    VWAP$4.70
    OBV-25.1M
    AD Line-2.7B
    CMF (20d)-0.437

    Volume Metrics

    Avg Vol (20d)790.6K
    Vol Ratio1.2x
    VWMA (20d)$4.78

    Pivot Points

    R3$4.95
    R2$4.90
    R1$4.80
    Pivot Point$4.75
    S1$4.65
    S2$4.59
    S3$4.49

    Advanced Oscillators

    TSI13.69
    Ultimate Osc32.3
    KST92.14

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$18.92M$23.92M$19.17M$41.56M$-9,889,000$-10,819,000$-2,396,000$17.02M$604,000$18.72M$26.99M$-3,409,000
    Cost of Revenue$3.57M$5.53M$8.03M$7.90M$8.20M$8.68M$8.21M$7.95M$7.94M$8.16M$3.59M$7.11M
    Gross Profit$15.35M$18.39M$11.15M$33.66M$-18,090,000$-19,500,000$-10,606,000$9.07M$-7,336,000$10.56M$23.41M$-10,516,000
    Operating Expenses$40.38M$6.00M$2.38M$2.57M$2.31M$1.56M$1.46M$1.42M$1.44M$1.53M$26.35M$1.28M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$2.00M$1.78M$1.59M$1.31M$1.54M$1.56M$1.46M$1.42M$1.44M$1.53M$1.48M$1.28M
    Operating Income$-25,025,000$12.39M$8.77M$31.09M$-20,404,000$-21,058,000$-12,065,000$7.65M$-8,776,000$9.03M$-2,946,000$-11,801,000
    Interest Income$24.10M$23.08M$20.11M$24.29M$22.61M$23.45M$23.26M$23.18M$24.67M$25.86M$27.09M$29.01M
    Interest Expense$7.80M$8.18M$8.03M$7.90M$8.20M$8.68M$8.21M$7.95M$7.94M$8.16M$7.56M$7.11M
    Income Before Tax$-37,262,000$2.78M$8.77M$31.09M$-20,404,000$-21,058,000$-12,065,000$7.65M$-8,776,000$9.03M$-10,661,000$-11,801,000
    Income Tax Expense$0$0$-60,000$373,000$373,000$378,000$367,000$373,000$357,000$379,000$948,000$179,000
    Net Income$-37,262,000$2.78M$8.83M$30.72M$-20,777,000$-21,436,000$-12,432,000$7.28M$-9,133,000$8.65M$-10,661,000$-11,980,000
    EBITDA$-29,466,000$10.96M$9.44M$31.09M$-19,726,000$-20,405,000$-11,554,000$7.65M$-8,776,000$9.03M$-2,946,000$-11,801,000
    EBITN/AN/A$8.77M$22.26M$-20,404,000$-21,058,000$-12,065,000$35.38M$20.02M$16.81M$20.58M$19.50M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Double-Digit Yields Come With a Catch: How to Pick the Right Venture Lending BDC

    This article examines three venture lending Business Development Companies (BDCs) that offer double-digit yields, analyzing the sustainability of their payouts. It ranks them based on how cleanly their net investment income covers their distributions, highlighting the risks and specific challenges each BDC faces. Runway Growth Finance (RWAY) is identified as the top choice due to its strong NII coverage and strategic acquisitions, distinguishing it from Horizon Technology Finance (HRZN) and Stellus Capital Investment (SCM), which have faced challenges like merger-expense adjustments and dividend cuts.

    24/7 Wall St.•8/20/26•
    Neutral

    HORIZON TECHNOLOGY FINANCE CORP 6.25% NOTES DUE 15/06/2027 USD25 To Go Ex-Dividend On September 15th, 2026 With 0.39063 USD Dividend Per Share

    Horizon Technology Finance Corp (HTFCL) will go ex-dividend on September 15th, 2026, with a dividend of 0.39063 USD per share. This relates to their 6.25% notes due on June 15th, 2027. Investors should note the ex-dividend date to be eligible for the upcoming payment.

    Moomoo•8/8/26•
    Neutral

    Oppenheimer Has Lowered Expectations for Horizon Technology Finance (NASDAQ:HRZN) Stock Price

    Oppenheimer has reduced its price target for Horizon Technology Finance (HRZN) from $6.00 to $5.00, while maintaining a "market perform" rating, indicating a potential 7.9% upside. This adjustment follows HRZN missing its quarterly earnings expectations, reporting $0.11 EPS against an estimated $0.13. Despite the lowered expectations, company insiders have recently purchased a significant number of shares, totaling 134,977 shares worth approximately $586,000.

    MarketBeat•8/7/26•
    Somewhat-Bearish

    Horizon Technology Finance Corp Q2 2026: Revenue $25M, EPS $(0.57) — 10-Q Summary

    Horizon Technology Finance Corp (HRZN) reported its second-quarter 2026 results with total investment income of $25M, a net loss of $(37.3M), and diluted EPS of $(0.57). Revenue remained flat year-over-year, while losses widened compared to Q2 2025. The company also highlighted the completion of its merger with Monroe Capital, portfolio focus on secured venture lending, and adjustments to its credit monitoring framework.

    TradingView•8/5/26•
    Somewhat-Bearish

    Horizon Technology Finance Corporation to Issue Monthly Dividend of $0.06 (NASDAQ:HRZN)

    Horizon Technology Finance Corporation (NASDAQ:HRZN) has declared a monthly dividend of $0.06 per share, totaling $0.72 annually, which translates to a 15.8% yield. The dividend is payable on December 15th to shareholders of record on November 17th. While the current payout ratio of 62.6% suggests the dividend is covered, analysts project this ratio to rise to 88.9% next year, following HRZN missing its recent quarterly EPS estimates.

    MarketBeat•8/5/26•
    Neutral

    Frequently Asked Questions About HRZN

    What is HRZN's current dividend yield?
    Horizon Technology Finance (HRZN) has a current dividend yield of 23.82%.
    Does HRZN pay dividends?
    Yes, Horizon Technology Finance pays dividends with a current yield of 23.82%.
    What is HRZN's P/E ratio?
    Horizon Technology Finance has a price-to-earnings (P/E) ratio of 5.27.
    What is HRZN's market cap?
    Horizon Technology Finance (HRZN) has a market capitalization of $312.38M with a current stock price of $4.66.

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