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    Horizon Technology Finance (HRZN)

    Official site

    FINANCIAL SERVICES • ASSET MANAGEMENT • NASDAQ

    $3.96
    +0.00 (+0.00%)

    Market Cap: $265.45M

    Last updated: Nov 06, 2026 at 4:36 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    68%(27/40)
    Avg Surprise
    +4.18%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$0.19
    Range$0.16 - $0.24
    6 analysts
    Revenue Consensus
    $26M
    Range$23M - $31M
    4 analysts
    Last 12 of 40 reported quarters and 1 upcoming estimate
    PeriodReportedEst.RangeSurpriseB/MAnalystsRevisionsYoY
    Dec 26EST
    		-$0.19$0.16 - $0.24--6--
    Sep 26
    Reported Nov 5
    		$0.18$0.18$0.17 - $0.19+0.00%Beat6
    1
    2
    30d
    		-41.9%
    Jun 26
    Reported Aug 4
    		$0.11$0.13$0.06 - $0.14-15.38%Miss4
    0
    2
    30d
    		-60.7%
    Mar 26
    Reported May 5
    		$0.19$0.18$0.18 - $0.21+5.56%Beat4
    1
    0
    30d
    		-29.6%
    Dec 25
    Reported Mar 3
    		$0.27$0.29$0.27 - $0.31-5.76%Miss6
    0
    1
    30d
    		+1.8%
    Sep 25
    Reported Oct 28
    		$0.31$0.28$0.27 - $0.29+10.71%Beat7
    0
    1
    30d
    		-3.1%
    Jun 25
    Reported Aug 7
    		$0.28$0.28$0.26 - $0.30+0.00%Beat8
    0
    1
    30d
    		-22.2%
    Mar 25
    Reported Apr 29
    		$0.27$0.33$0.31 - $0.33-18.18%Miss7
    1
    0
    30d
    		-28.9%
    Dec 24
    Reported Mar 4
    		$0.27$0.32$0.26 - $0.34-15.17%Miss8
    1
    0
    30d
    		-40.0%
    Sep 24
    Reported Oct 29
    		$0.32$0.35$0.32 - $0.37-8.57%Miss8
    No revisions (30d)
    		-39.6%
    Jun 24
    Reported Jul 30
    		$0.36$0.36$0.30 - $0.42+0.00%Beat8
    No revisions (30d)
    		-33.3%
    Mar 24
    Reported Apr 30
    		$0.38$0.38$0.34 - $0.48+0.00%Beat8
    No revisions (30d)
    		-17.4%
    Dec 23
    Reported Feb 27
    		$0.45$0.44$0.36 - $0.53+2.27%Beat8
    No revisions (30d)
    		+12.5%

    Dividends

    Next ex-dividend: Nov 17, 2026

    Dividend Metrics

    Forward Yield27.27%
    Forward Annual Dividend$1.08
    Payout Ratio1371.80%
    Pay MonthsJan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec

    Growth

    3Y CAGR+1.56%
    5Y CAGR+1.10%
    HRZN dividend history and ex-dividend datesRun HRZN in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio5.25EV/EBITDAN/A
    Price/FCF1.71xFCF Yield58.65%
    Profitability
    Profit Margin5.27%Operating Margin79.40%
    ROE1.45%ROICN/A
    Financial Health
    Debt/EquityN/AInterest Coverage3.58x
    Current Ratio1.97xQuick Ratio1.97x
    Trading Statistics
    Beta0.98Avg Volume512.09K
    52-Week High$5.9052-Week Low$3.46

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$3.99
    SMA 20$4.11
    SMA 50$4.37
    SMA 200$4.42
    EMA 10$4.01
    EMA 20$4.10
    EMA 50$4.26
    EMA 200$4.54

    MACD

    Line: -0.12Signal: -0.13Hist: 0.00

    ADX

    ADX: 37.6+DI: 10.0-DI: 27.1

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down100.0
    PSAR$4.12

    Bollinger Bands

    Upper Band$4.52
    Lower Band$3.71
    %B Position1959%(Upper)
    Band Width0.31

    RSI (14-Day)

    Neutral
    39.2

    Momentum Oscillators

    Stoch %K37.7
    Stoch %D24.8
    Williams %R-49.0
    ROC (10d)N/A
    MomentumN/A
    CCI (20d)-76.4
    MFI (14d)16.1

    Volatility Measures

    ATR (14d)$0.19(4.7%)
    StdDev (20d)0.20
    Hist Vol36.0%(Moderate)

    Volume Flow

    VWAP$3.92
    OBV-31.0M
    AD Line-2.5B
    CMF (20d)-0.574

    Volume Metrics

    Avg Vol (20d)536.2K
    Vol Ratio1.4x
    VWMA (20d)$4.14

    Pivot Points

    R3$4.36
    R2$4.21
    R1$4.08
    Pivot Point$3.93
    S1$3.80
    S2$3.65
    S3$3.52

    Advanced Oscillators

    TSI-26.60
    Ultimate Osc52.0
    KST-109.74

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$25.05M$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$3.15M$5.53M$8.03M$7.90M$8.20M$8.68M$8.21M$7.95M$7.94M$8.16M$3.59M$7.11M
    Gross Profit$21.90M$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$6.44M$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$15.45M$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$7.11M
    Income Before Tax$-36,997,000$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$265,000$0$-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$-11,980,000
    EBITDA$-29,201,000$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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    HRZN Valuation and Fair Value

    P/E
    5.2x
    Forward P/E
    5.0x
    P/FCF
    1.7x
    PEG
    1.9x
    P/B
    0.6x
    See GNG's fair value

    HRZN Profitability: Margins, ROIC and FCF

    Gross margin
    77.6%
    Operating margin
    79.4%
    Net margin
    5.3%
    ROE
    1.5%
    FCF margin
    137.6%
    FCF yield
    58.6%

    HRZN Competitors

    CompanyTicker
    Onity Group Inc.ONIT
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    First National CorpFXNC
    Drugs Made In America Acquisition Corp. Ordinary SharesDMAA
    Kingstone Companies IncKINS
    FACT II Acquisition Corp.FACT
    Runway Growth Finance CorpRWAY
    RiverNorth Managed Duration Municipal Income Fund IncRMM

    Sector: Financial Services

    HRZN Analyst Ratings

    Consensus
    Hold
    Analysts
    6
    Strong Buy
    1
    Buy
    1
    Hold
    4
    Sell
    0
    Strong Sell
    0

    HRZN Bull Case vs Bear Case

    Bull case

    • HRZN converts 137.6% of revenue into free cash flow.

    Bear case

    • HRZN beat EPS estimates in 25.0% of its last 8 reported quarters.

    HRZN Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -4.8%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $0.19

    HRZN Dividend

    Forward yield
    27.3%
    Payout ratio
    1371.8%
    3Y DPS growth
    1.6%
    5Y DPS growth
    1.1%
    Pay months
    Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
    HRZN dividend history

    HRZN Earnings Date

    HRZN reports Mar 1, 2027. The date is estimated.

    HRZN Earnings Call

    The latest HRZN earnings call transcript on file is labeled 2026Q2.

    Read the 2026Q2 transcript

    See insider activity

    Frequently Asked Questions About HRZN

    When is HRZN's next ex-dividend date?

    HRZN's next ex-dividend date is Nov 17, 2026, for a declared dividend of $0.09 per share (record date Nov 17, 2026, payable Dec 15, 2026).

    When does HRZN report earnings?

    Horizon Technology Finance (HRZN) is expected to report earnings on Mar 1, 2027.

    What is HRZN's current dividend yield?

    Horizon Technology Finance (HRZN) has a forward dividend yield of 27.27%.

    Does HRZN pay dividends?

    Yes, Horizon Technology Finance pays dividends with a forward dividend yield of 27.27%.

    What is HRZN's P/E ratio?

    Horizon Technology Finance has a price-to-earnings (P/E) ratio of 5.25.

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