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    WhiteHorse Finance (WHF)

    Official site

    FINANCIAL SERVICES • ASSET MANAGEMENT • NASDAQ

    $7.66
    +0.26 (+3.51%)

    Market Cap: $158.93M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    59%(23/39)
    Avg Surprise
    -2.00%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.25
    Range$0.23 - $0.26
    5 analysts
    EPS RevisionsNo revisions (7d)
    1
    3
    30d
    EPS Estimate DriftChange to current
    90d ago$0.26-3.2%
    60d ago$0.26-3.2%
    30d ago$0.25-0.9%
    7d ago$0.25-0.1%
    Current$0.25
    Revenue Consensus
    $15M
    Range$15M - $15M
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.19
    Range$0.15 - $0.21
    5 analysts
    Revenue Consensus
    $14M
    Range$13M - $14M
    5 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.19---
    Sep 26EST
    		-$0.25---
    Jun 26
    Reported Aug 11
    		$0.22$0.25-12.00%Miss-21.4%
    Mar 26
    Reported May 7
    		$0.25$0.28-10.71%Miss+36.2%
    Dec 25
    Reported Mar 2
    		$0.29$0.27+4.74%Beat-15.6%
    Sep 25
    Reported Nov 10
    		$0.26$0.29-10.34%Miss-33.3%
    Jun 25
    Reported Aug 7
    		$0.28$0.31-9.68%Miss-30.0%
    Mar 25
    Reported May 12
    		$0.18$0.33-44.48%Miss-61.0%
    Dec 24
    Reported Mar 7
    		$0.34$0.40-15.00%Miss-26.1%
    Sep 24
    Reported Nov 7
    		$0.39$0.42-7.14%Miss-17.0%
    Jun 24
    Reported Aug 8
    		$0.40$0.45-11.11%Miss-13.0%
    Mar 24
    Reported May 8
    		$0.47$0.46+2.17%Beat+2.2%
    Dec 23
    Reported Feb 29
    		$0.46$0.46+0.00%Beat-4.2%
    Sep 23
    Reported Nov 9
    		$0.47$0.46+2.17%Beat+27.0%
    Jun 23
    Reported Aug 8
    		$0.46$0.46+0.00%Beat+35.3%
    Mar 23
    Reported May 9
    		$0.46$0.44+4.55%Beat+35.3%
    Dec 22
    Reported Mar 2
    		$0.48$0.43+11.63%Beat+50.0%
    Sep 22
    Reported Nov 14
    		$0.37$0.36+2.78%Beat+0.0%
    Jun 22
    Reported Aug 10
    		$0.34$0.34+0.00%Beat+13.3%
    Mar 22
    Reported May 10
    		$0.34$0.37-8.11%Miss-10.5%
    Dec 21
    Reported Mar 3
    		$0.32$0.37-13.51%Miss-8.6%
    Sep 21
    Reported Nov 9
    		$0.37$0.37+0.00%Beat-2.6%
    Jun 21
    Reported Aug 9
    		$0.30$0.37-18.92%Miss+15.4%
    Mar 21
    Reported May 10
    		$0.38$0.37+2.70%Beat+26.7%
    Dec 20
    Reported Mar 2
    		$0.35$0.32+9.38%Beat-10.3%
    Sep 20
    Reported Nov 9
    		$0.38$0.29+31.03%Beat-5.0%
    Jun 20
    Reported Aug 10
    		$0.26$0.28-7.14%Miss-25.7%
    Mar 20
    Reported May 11
    		$0.30$0.36-16.67%Miss-18.9%
    Dec 19
    Reported Mar 2
    		$0.39$0.36+8.33%Beat+0.0%
    Sep 19
    Reported Nov 7
    		$0.40$0.35+14.29%Beat+14.3%
    Jun 19
    Reported Aug 7
    		$0.35$0.37-5.41%Miss+6.1%
    Mar 19
    Reported May 8
    		$0.37$0.36+2.78%Beat-11.9%
    Dec 18
    Reported Mar 6
    		$0.39$0.36+8.33%Beat+18.2%
    Sep 18
    Reported Nov 6
    		$0.35$0.34+2.94%Beat+20.7%
    Jun 18
    Reported Aug 8
    		$0.33$0.36-8.33%Miss-13.2%
    Mar 18
    Reported May 8
    		$0.42$0.33+27.27%Beat+16.7%
    Dec 17
    Reported Mar 2
    		$0.33$0.33+0.00%Beat-8.3%
    Sep 17
    Reported Nov 7
    		$0.29$0.35-17.14%Miss-
    Jun 17
    Reported Aug 8
    		$0.38$0.37+2.70%Beat-
    Mar 17
    Reported May 5
    		$0.36$0.36+0.00%Beat-
    Dec 16
    Reported Mar 2
    		$0.36$0.36+0.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield13.05%
    Forward Annual Dividend$1.00
    Payout Ratio123.77%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct, Dec

    Growth

    3Y CAGR-0.35%
    5Y CAGR-0.21%
    WHF dividend history and ex-dividend datesRun WHF in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio7.53EV/EBITDA51.78x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin26.90%Operating Margin66.30%
    ROE6.65%ROIC3.18%
    Financial Health
    Debt/Equity1.28xInterest Coverage1.13x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.42Avg Volume115.52K
    52-Week High$7.5252-Week Low$5.47

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$7.18
    SMA 20$7.12
    SMA 50$6.94
    SMA 200$6.66
    EMA 10$7.26
    EMA 20$7.14
    EMA 50$6.95
    EMA 200$6.77

    MACD

    Line: 0.14Signal: 0.09Hist: 0.05

    ADX

    ADX: 22.1+DI: 27.3-DI: 10.4

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down64.0
    PSAR$6.84

    Bollinger Bands

    Upper Band$7.50
    Lower Band$6.73
    %B Position1090%(Upper)
    Band Width1.20

    RSI (14-Day)

    Overbought
    71.9

    Momentum Oscillators

    Stoch %K86.6
    Stoch %D82.4
    Williams %R-4.3
    ROC (10d)11.7%
    Momentum0.80
    CCI (20d)221.3
    MFI (14d)81.8

    Volatility Measures

    ATR (14d)$0.25(3.3%)
    StdDev (20d)0.19
    Hist Vol28.1%(Moderate)

    Volume Flow

    VWAP$7.59
    OBV-1.9M
    AD Line-339.0M
    CMF (20d)-0.169

    Volume Metrics

    Avg Vol (20d)112.8K
    Vol Ratio1.5x
    VWMA (20d)$7.16

    Pivot Points

    R3$7.61
    R2$7.55
    R1$7.47
    Pivot Point$7.41
    S1$7.33
    S2$7.27
    S3$7.19

    Advanced Oscillators

    TSI21.32
    Ultimate Osc56.9
    KST34.10

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$15.40M$4.83M$11.97M$11.91M$12.70M$12.45M$14.34M$15.75M$16.17M$17.97M$17.96M$18.14M
    Cost of RevenueN/A$3.92M$5.03M$5.78M$6.14M$6.18M$6.50M$6.93M$7.14M$7.33M$7.50M$7.56M
    Gross ProfitN/A$7.24M$9.83M$952,000$3.90M$5.49M$5.51M$-5,392,000$9.50M$7.48M$4.71M$6.72M
    Operating Expenses$5.02M$5.43M$4.80M$5.62M$5.95M$5.47M$6.09M$6.29M$6.58M$6.89M$7.03M$7.16M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$4.34M$8.56M$-370,000$2.44M$4.37M$4.17M$-6,564,000$8.11M$6.26M$3.72M$5.77M
    Interest Income$12.62M$13.40M$17.34M$17.69M$18.84M$18.80M$21.01M$22.85M$23.48M$25.48M$25.63M$25.87M
    Interest Expense$4.81M$5.00M$5.03M$5.78M$6.14M$6.18M$6.50M$6.93M$7.14M$7.33M$7.50M$7.56M
    Income Before Tax$10.38M$-598,000$6.79M$6.29M$6.75M$6.95M$8.24M$9.45M$9.56M$11.11M$10.89M$10.99M
    Income Tax Expense$0$0$185,000$186,000$186,000$105,000$268,000$294,000$267,000$292,000$290,000$175,000
    Net Income$10.38M$-598,000$8.38M$-556,000$2.25M$4.26M$3.90M$-6,858,000$7.84M$5.97M$3.43M$5.60M
    EBITDA$4.56M$830,000$-7,020,000$10.92M$-11,651,000$8.55M$362,000$24.49M$11.02M$9.65M$18.54M$14.68M
    EBIT$10.38M$-598,000$7.17M$6.29M$6.75M$6.97M$8.25M$9.46M$9.59M$11.08M$10.93M$10.98M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

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    News

    WhiteHorse Finance To Go Ex-Dividend On October 30th, 2026 With 0.17 USD Special Dividend Per Share

    WhiteHorse Finance (WHF) is set to go ex-dividend on October 30th, 2026. The company will issue a special dividend of $0.17 per share. Investors must own shares before this date to be eligible for the dividend.

    Moomoo•10/15/26•Somewhat-Bullish

    How Whitehorse Finance Inc. (WHF) Affects Rotational Strategy Timing

    This article analyzes Whitehorse Finance Inc. (WHF) through the lens of rotational strategy timing, indicating strong near-term sentiment but a neutral mid- and long-term outlook. It highlights compelling upside...

    Stock Traders Daily•10/14/26•Neutral

    WhiteHorse Finance, Inc. (WHF) Declares $0.17 Special Distribution; Q3 Results Date Set

    WhiteHorse Finance, Inc. (WHF) has declared a special cash distribution of $0.17 per share, payable on December 10, 2026, to shareholders of record as of October 30...

    TradingView•10/14/26•Somewhat-Bullish

    WhiteHorse Finance, Inc. Announces Special Distribution And To Report Third Quarter 2026 Financial Results

    WhiteHorse Finance, Inc. (Nasdaq: WHF) announced a special distribution of $0.17 per share, payable on December 10, 2026, to stockholders of record as of October 30...

    TradingView•10/14/26•Somewhat-Bullish

    Press Release: WhiteHorse Finance, Inc. Announces Special Distribution And To Report Third Quarter 2026 Financial Results

    WhiteHorse Finance, Inc. has announced a special distribution of $0.35 per share, payable on November 27, 2026, to shareholders of record as of November 13...

    Moomoo•10/14/26•Bullish

    WHF Valuation and Fair Value

    P/E
    7.5x
    Forward P/E
    7.1x
    EV/EBITDA
    51.8x
    PEG
    1.0x
    P/B
    0.7x
    See GNG's fair value

    WHF Profitability: Margins, ROIC and FCF

    Operating margin
    66.3%
    Net margin
    26.9%
    ROIC
    3.2%
    ROE
    6.7%
    FCF margin
    176.5%

    WHF Competitors

    CompanyTicker
    BRC Group Holdings, Inc.RILY
    ATIF Holdings LimitedZBAI
    Eagle Bancorp Montana IncEBMT
    Graf Global CorpGRAF
    Citizens IncCIA
    BankFinancial CorporationBFIN
    DeFi Technologies Inc.DEFT
    Finwise BancorpFINW

    Sector: Financial Services

    WHF Analyst Ratings

    Consensus
    Hold
    Analysts
    5
    Strong Buy
    0
    Buy
    0
    Hold
    4
    Sell
    0
    Strong Sell
    1

    WHF Bull Case vs Bear Case

    Bull case

    • WHF converts 176.5% of revenue into free cash flow.
    • WHF has a 26.9% net profit margin.

    Bear case

    • WHF beat EPS estimates in 12.5% of its last 8 reported quarters.
    • WHF's quarterly revenue changed -23.7% year over year.

    WHF Earnings: Beat Rate and Next Report

    Beat rate
    1 of 8 quarters (12.5%)
    Average surprise
    -13.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.25
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 3 down

    WHF Dividend

    Forward yield
    13.1%
    Payout ratio
    123.8%
    3Y DPS growth
    -0.4%
    5Y DPS growth
    -0.2%
    Pay months
    Jan, Apr, Jul, Oct, Dec
    WHF dividend history

    Frequently Asked Questions About WHF

    What is WHF's current dividend yield?

    WhiteHorse Finance (WHF) has a forward dividend yield of 13.05%.

    Does WHF pay dividends?

    Yes, WhiteHorse Finance pays dividends with a forward dividend yield of 13.05%.

    What is WHF's P/E ratio?

    WhiteHorse Finance has a price-to-earnings (P/E) ratio of 7.53.

    What is WHF's market cap?

    WhiteHorse Finance (WHF) has a market capitalization of $158.93M with a current stock price of $7.66.

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